Banking & Finance

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CEO of Emirates NBD, Shayne Nelson, said in-market mergers  work better monetarily (File/AFP)
August 26, 2014 - 07:31 GMT
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.

June 12, 2013

The MoU was signed for the Ministry of Finance by Obeid Humaid Al Tayer, State Minister for Financial Affairs, and for the Central Bank by Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the UAE
11:38 GMT

The Ministry of Finance and the Central Bank of the UAE have announced today the signing of a Memorandum of Understanding (MoU) in implementation of a Council of Ministers resolution.

During the event
10:29 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has launched ‘Al Hayer GCC & MENA Fund’ for Qatari Individuals, Corporates and Institutions.

Guests with Capital Club General Manager, Shahnaz Pakravan at the lunch
09:02 GMT
(press release)

Capital Club Bahrain hosted its second Ladies Only Luncheon, hosted by General Manager, Shahnaz Pakravan.

Standard Chartered Bank
08:53 GMT
(press release)

Standard Chartered has been named “Best Project Finance House in the Middle East” at the Euromoney Awards for Excellence 2013.

URC’s CEO, Mr. Mohammed Ahmed Al-Saqqaf
08:18 GMT
(press release)

Gulf Bank recently hosted an evening at Sheraton Hotel to announce their appointment as Joint Lead Manager in a five year KD 60 million bond issue for United Real Estate Company (URC).

Emirates Islamic Bank
08:00 GMT

After recording a strong growth in first quarter net profit and net income, Emirates Islamic Bank is gearing up towards an aggressive push in the competitive retail

June 11, 2013

Visa Corporate & Purchasing Card
13:21 GMT
(press release)

Emirates NBD announced that it has won the ‘Best Corporate Card’ award at the Smart Card Awards Middle East 2013.

It was last in the market in July last year, with a $1.5 billion 10-year bond which yielded 6.143pc.
11:31 GMT

Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said yesterday, with proceeds likely to be used to plug an expected budget deficit for 2013.

DIB signs Direct Debit agreement with emaratech
11:05 GMT
(press release)

Dubai Islamic Bank has signed an agreement with emaratech to facilitate electronic Direct Debit payments.

Omar K. Alghanim, Gulf Bank’s Chairman
07:57 GMT
(press release)

Gulf Bank announced today that Fitch Ratings, one of the world’s leading international credit rating agencies, has upgraded the Bank’s Viability Ratings to 'bb-' from 'b+'.

June 10, 2013

The interest generated by the bid demonstrates the confidence that the local financial institutions place in supporting the local industrial sector
12:31 GMT

Qatar Petrochemical Company (QAPCO) has secured a QAR 1.1 billion facility from Barwa Bank to fund its expansion plans.

Gulf Bank will jointly work with Korea Eximbank to provide financial solutions to Korean companies in Kuwait
11:38 GMT

Gulf Bank, with The Export Import Bank of Korea (Korea Eximbank), signed a Memorandum of Understanding which aims at collaboratively financing the industrial and commercial projects in the state of Kuwait.

Nimish Dwivedi, Head of Payments at Mashreq
10:40 GMT
(press release)

Affirming its commitment to its customers, Mashreq has announced a host of additional surprises for its debit and credit card members during Dubai Summer Surprises (DSS).

Jordan Ahli bank
07:46 GMT
(press release)

Jordan Ahli bank recently sponsored Jordan’s First Children Creative Arts Festival, an event organized by the Creative Jordan Association.

June 9, 2013

Qatar Central Bank to issue 4 billion riyals of debt
14:36 GMT

Qatar's Central Bank said on Thursday it would issue 1 billion Qatari riyals ($300 million) worth of sukuk and 3 billion riyals worth of bonds next week.