Debit cards for accounts in foreign currency can still be used abroad up to a limit of $100,000 as per a 2014 directive. (File photo)
June 30, 2016 - 13:00 GMT
Egypt has instructed its banks to prevent debit card withdrawals from Egyptian pound accounts while abroad, due to the acute shortage of foreign currency in Egypt.
Essa Kazim - Governor of DIFC, Chairaman of DIFC Auothrity Board
June 30, 2016 - 11:07 GMT
HSBC Bank Middle East Limited (‘HBME’) confirms it has transferred its place of incorporation and head office from Jersey to the Dubai International Financial Centre (the “DIFC”) effective today, 30 June 2016.
Gulf Bank
June 30, 2016 - 04:40 GMT
Gulf Bank’s Second Quarterly Trio Quarterly draw is scheduled to take place today at 2pm, 30 June 2016, on Marina FM’s Diwaniya Show. 3 Draws will take place at the same time and location.
This transaction constitutes the third investment of EuroMena III after its recent investment in Elephant in Nigeria and Jasmin in Tunisia. (The Daily Star)
June 29, 2016 - 13:00 GMT
The leading Lebanese bank has received the investment by the private equity fund to boost growth and development plans in the Middle East and Africa.
During the signing ceremony
June 29, 2016 - 09:29 GMT
UAE’s leading financial institution, Mashreq is in partnership with Arady Properties, an experienced Real Estate company set to launch the UAE’s first Qualified Investor Real Estate Fund which will be registered in the DIFC.
The Financial Action Task Force called on countries to
June 29, 2016 - 08:00 GMT
The financial watchdog is optimistic over Iran's new anti-money laundering plans, but will keep Iran on its blacklist pending full implementation.
Salary Account draw and Red Account draw
June 29, 2016 - 04:40 GMT
Gulf Bank has announced that it will be holding its monthly Salary Account draw and Red Account draw on June 30, 2016 at 2pm live on Marina FM’s famous Diwaniya show.
Banque Saudi Fransi
June 27, 2016 - 09:18 GMT
The upcoming 4th Annual Saudi Trade Finance (STF) Summit, organized by Dubai based QnA International has cemented its position as the premier gathering to discuss financial regulations.
During the event
June 27, 2016 - 07:47 GMT
Al Noor Training Centre, living up to its tradition of connecting the community for a noteworthy cause, hosted the Al Noor-Bank of Sharjah Ramadan CSR Football Tournament 2016.
During the event
June 27, 2016 - 07:12 GMT
Mashreq, one of the UAE’s leading banks, announced today that it will begin construction of its new corporate headquarters later this year.
Dr. Adnan Chilwan, Dubai Islamic Bank Group Chief Executive Officer
June 27, 2016 - 06:21 GMT
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced the very successful raising of capital through a rights issuance amounting to AED 3.2 billion.
During the event
June 27, 2016 - 04:44 GMT
Gulf Bank brought the joy of Girgian to children in Kuwait, in collaboration with Kuwait Association for the Care of Children in Hospitals (KAACH), Saveco and LOYAC.
Noor Bank
June 26, 2016 - 07:54 GMT
Noor Bank has launched a new promotion exclusively designed for its Noor Bank MasterCard Credit and Debit card holders.
Gulf Bank
June 26, 2016 - 07:10 GMT
Gulf Bank has announced that June 30th is the last date for customers to open an Al Danah account or deposit more, as to increase their chances of winning the 3rd Quarterly draw for the KD500,000 prize.
The ban comes after the CSRD sentenced MMG founder Mohammad Al-Mojil and his son Adel Al-Mojil, the firm’s chairman, to five years in jail on Thursday. (Deloitte)
June 23, 2016 - 11:00 GMT
The global accountancy firm was banned from audit work for two years by Saudi Arabia’s market regulator in relation to the case against Mohammad Al-Mojil Group (MMG).
Qatar's Mayhoola also owns the Valentino label. (AFP/File)
June 22, 2016 - 13:30 GMT
Qatar's sovereign wealth fund has acquired the French couture company in a deal reportedly worth $522 million.