Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

May 29, 2014

During the event
06:01 GMT

UAE Exchange will be the access point for all expatriates from Bangladesh to make payment for various consular services including Machine Readable Passport (MRP).

May 28, 2014

Earlier on Wednesday, Reuters cited an anonymous source in the Egyptian government as saying they were studying imposing new taxes on capital gains in the bourse as well as on dividends.
19:56 GMT

Egypt’s main index fell on Wednesday as voting in the presidential elections continued and reports surfaced of a possible capital taxes.

HSBC
11:27 GMT
(press release)

HSBC Bank Middle East has announced the launch of HSBC Tablet platform in the UAE, a significant enhancement to the Bank’s digital banking services providing clients with convenience, security and choice to bank their way.

Fully 60 per cent of trading on the Dubai market went to the property giant
06:24 GMT

Arabtec bounced back from days of losses with trading so intense that a market expert said it restricted trading in other Dubai shares.

May 27, 2014

Qatar's emir has instructed all companies listed on the country's stock exchange to raise their limit for foreign ownership to 49 percent in a move that could attract more liquidity to the buoyant bourse.
23:26 GMT

The order announced in a bourse filing on Tuesday comes days before index compiler MSCI upgrades Qatar to emerging market status.

David Haigh, who until March was deputy chief executive of Dubai-based GFH Capital, a unit of Bahrain’s Gulf Finance House, has been referred to Dubai’s public prosecutor for trial.
22:26 GMT

A former managing director of English Championship club Leeds United has been arrested in Dubai on charges of embezzling Dhs23.7 million ($6.45 million)

Emirates Islamic's CEO with first batch of UAE national school graduates who completed training under Al Mustaqbal programme
10:24 GMT
(press release)

Emirates Islamic announced that 13 Emirati youth had successfully completed the first phase of training under its in-house Al Mustaqbal initiative.

Raghu Malhotra, Mohamed Qadadeh and Aurangzaib Khan from MasterCard with Naeemudin Khan and Mustafa Hamdani from Bank of Punjab
10:14 GMT
(press release)

MasterCard and the Bank of Punjab today announced the launch of the Social Security Program to automate and streamline government disbursement, subsidy and assistance programs.

Mashreq Max 2.0
09:19 GMT
(press release)

Mashreq Bank today launched the Mashreq Max 2.0, one of the most technologically-advanced banking innovations.

The prime minister has repeatedly called for an emergency rate cut, while the central bank has vowed to maintain its policy as long as inflation is high
03:55 GMT

Erdoğan has expressed extreme distaste for the central bank on multiple occasions in recent months, on this occasion adding that the small decrease was “a shame and a sin” and that he definitely did not like the central bank's interest policies.

May 26, 2014

Saeed said the highest level the stock market has witnessed occurred in 2008, when it registered 12,000 points, followed by a slump for five years.
20:17 GMT

The Egyptian Stock Market witnessed a significant rise in its main index EGX-30 index on Monday, recording 8,736.28 points, its highest level since 2008.

Burgan Bank new Co-branded Credit Card with Qatar Airways
05:54 GMT
(press release)

Burgan Bank, one of Kuwait’s leading banks, Qatar Airways, flag carrier airline of Qatar and MasterCard today announced the launch of the new Burgan Bank Qatar Airways co-branded MasterCard Credit Card.

Khosravi's fraud case is the largest corruption case reported in the country since the 1979 Islamic Revolution (AFP)
03:55 GMT

Khosravi’s business empire included more than 35 companies from mineral water production to a football club and meat imports from Brazil. According to Iranian media reports, the bank fraud began in 2007.

May 25, 2014

Business.
22:28 GMT

France set a new record in 2013 in terms of the number of GCC investment initiatives taken, especially in manufacturing activities and research and development operations.

Sharjah is the third-largest member of the UAE in terms of population, GDP, and geographic area.
03:55 GMT

The affirmation primarily reflects the solid growth in Sharjah’s GDP per capita.