Banking & Finance

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Since 2001, S&P has only seen 20 international sukuk from issuers outside of Malaysia or the GCC (File Archive/Shutterstock)
April 21, 2014 - 13:00 GMT
Islamic finance is increasingly labeled as the future of finance, but the sukuk market largely remains outside of mainstream markets globally.

March 19, 2014

Vikram Krishna, Head - Group Marketing and Customer Experience, Emirates NBD
08:37 GMT
(press release)

Emirates NBD, a leading bank in the region, today announced the winning of two coveted awards in the social media category at the 2014 Dubai Lynx Awards.

César González-Bueno, Gulf Bank’s Chief Executive Officer
06:37 GMT
(press release)

Gulf Bank announced today the appointment of César González-Bueno as its new Chief Executive Officer, effective from 16th March 2014, following the approval by the Central Bank of Kuwait.

March 18, 2014

GFCI 15 uses 25,441 financial center assessments completed by 3,246 financial services professionals.
03:55 GMT

Qatar’s rating rose by 15 points, mainly driven by its increasing competitiveness and perceived significance as a financial center.

March 17, 2014

The prince expressed his pride at the collaboration between Alwaleed bin Talal Foundation, Global and the European Organization for Research and Treatment of Cancer (EORTC).
15:38 GMT

Prince Alwaleed bin Talal, was honored “Grand Officer of the Order of Leopold” by Princess Astrid of Belgium on behalf of King Philippe of Belgium.

Ahli United Bank
10:58 GMT
(press release)

Addressing the needs of its time-conscious clientele, Ahli United Bank has announced the launch of its new mobile banking application, AUB M-Bank.

Emirates NBD
10:28 GMT
(press release)

Emirates NBD announced today that it had been named the “Best Local bank – United Arab Emirates,” in the 2014 annual Euromoney Private Banking and Wealth Management Survey.

International General Insurance Holdings building
10:05 GMT

International General Insurance Holdings Limited (IGIH) today reported earnings for the 2013 financial year.

National Bank of Fujairah Bur Dubai office
09:37 GMT
(press release)

National Bank of Fujairah has entered into a partnership with the Emirates Wildlife Society in association with WWF, the global conservation body (EWS-WWF).

March 16, 2014

In both cases, the tenure was set at five years renewable, with a fixed interest rate of 1 per cent through the entire tenure.
19:23 GMT

Dubai Government was granted these facilities, which fall due during the current year, back in 2009.

The Syrian refugee influx into Jordan has in some ways exacerbated the Kingdom's financial struggles to a new level (File Archive)
16:00 GMT

The World Bank has approved a $250 million loan to Jordan to help ease the country's growing fiscal strains.

The monthly gain was a relatively modest KD51 million, less than a third of the KD180 million average monthly gain seen in 2013
09:55 GMT

Kuwait witnessed a steady 8 per cent growth in its bank credit in January mainly driven by the household borrowing despite a third consecutive month of declining business credit.

During the event
08:20 GMT

National Bank of Kuwait (NBK) has been awarded by Deutsche Bank the prestigious USD STP Excellence Award 2013 and Euro STP Excellence Award 2013.

During the event
05:41 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the winners of the Kunooz prize draw for the October – December 2013 period.

 Emaar talked about listing its shopping mall unit but was forced to put the plan on hold as the emirate's real estate and stock markets collapsed.
03:55 GMT

Emaar, Dubai's biggest listed real estate developer, did not specify the stock exchange on which the shares in its unit would be listed, and gave no timetable.

Egypt's stock market closed the week on Thursday with a three-year high as daily turnover of listed securities hit LE1.4 billion ($201 million).  The broader index EGX70 dropped 1.35 percent in a session that saw mostly Egyptians as net suppliers, while Arab investors were net sellers at a net value of LE8 million ($1.15 million).
03:55 GMT

Abdel-Aziz said that stocks under LE5 ($0.72) per share made up almost 60 percent of the market's turnover.