Banking & Finance
May 14, 2013
Central banks of the Islamic countries have been urged to adopt a separate set of regulation to reduce confusion among Muslim scholars
The UAE markets rose in tandem on Monday, with Dubai Financial Market gaining 0.50 per cent and Abu Dhabi Securities Exchange 0.43 per cent.
May 13, 2013
The Central Bank of Egypt (CBE) received a $3bn Qatari deposit for the purchase of Egyptian bonds on Thursday, confirmed Nidal Assar, the sub-governor of the CBE.
Emirates NBD, a leading bank in the region, announced today the launch of ‘Rewards & Beyond,’ a brand new business privileges programme for its Business Banking customers.
Prime Minister Hesham Qandil stated that negotiations currently being held with the IMF to secure the country’s pending $4.8bn loan were ongoing
Khaleeji Commercial Bank (KHCB) has signed a three-way memorandum of understanding (MoU) with Bahrain Defence Force's Military Consumer Association (MCA) and its main supplier Glabrous International (GI).
UAE Exchange, the leading global remittance and foreign exchange brand and Bahrain-based leading travel company, Dadabhai Travel today announced their joining hands for cash collection services in the UAE.
The National Bank of Abu Dhabi (NBAD) has appointed May Al Mudhaf as NBAD’s Regional Manager in Kuwait.
Gulf Bank hailed the success of its platinum sponsorship of the Gulf University of Science and Technology (GUST) Spring Job Fair.
May 12, 2013
Burgan Bank Group reported today KD 15.6 million net profits for the first quarter of 2013 after taking KD 5 million in precautionary provisions.
Al Hilal Bank is clarifying that it has no connections at all with Al Hilal Exchange, a money transfer and currency exchange service provider which recently had its licensed revoked by the UAE Central bank.
Gulf Bank recently sponsored Kuwait University’s Business Administration honouring ceremony held at Arraya Ballroom on 1 May 2013.
May 9, 2013
A World Bank report released Wednesday cautioned Jordan of a “moral hazard” phenomenon.
The report represents a collection of articles prepared by KPMG specialists throughout the Middle East and provides insight into the recent trends and developments in SWF investment strategies
Tamkeen signed an agreement with Bahrain Development Bank (BDB) to add BD10 million to the Enterprise Financing Portfolio