Banking & Finance

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United Arab Bank (UAB)
January 19, 2015 - 14:25 GMT
United Arab Bank, UAB, has made a contribution of AED250,000 to Al Thiqah Club for the Handicapped, another milestone in the Bank’s long-standing relationship with an organisation that provides invaluable support for people with special needs in the UAE.

November 3, 2013

The announcement was made at the World Islamic Economic Forum being held in London.
08:31 GMT

The IDB, which provides project financing for its 56-member countries, has expanded its sukuk programme to Dh37 billion from Dh24 billion previously, as it increases its financial support for economic and social development.

HSBC Bank Oman
04:50 GMT
(press release)

HSBC Bank Oman S.A.O.G. announced a 20.6% growth in net profit to reach RO12.7m.

October 31, 2013

Alex Thursby
11:40 GMT

The National Bank of Abu Dhabi outlined today NBAD’s Group transformation to achieve its strategic plans for domestic and international expansion.

07:00 GMT

The majority of expats in the UAE believe that their children are safer here than in their home countries, according to the results of HSBC’s annual Expat Explorer 2013 survey.

Mashreq's CEO, H.E. AbdulAziz Al Ghurair
06:03 GMT
(press release)

Mashreq has reported a 34% increase in its Net Profit for the first nine months of 2013, climbing to AED1.3 billion compared to AED970 million at the end of September 2012.

October 30, 2013

Mr. Fahad Al Rajan, AUB Chairman
12:25 GMT

Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 502.2 million for the nine months ended 30September 2013.

During the event
10:53 GMT
(press release)

First Gulf Bank (FGB), one of the major leading banks in the UAE, launched today a new career progression initiative for its Emirati employees.

During the event
10:09 GMT
(press release)

The Sharjah Islamic Bank's (SIB) Learning and Development department has launched ‘Al Nukhba’ Programme, a first of its kind leadership competency campaign.

"This new system does not include any guidelines for banks to provide a pragmatic and practical non-resident mortgage, which we believe is required to attract a more international investor base,” said Ziad El Chaar, managing director, Damac Properties.
10:05 GMT

New bank lending norms an attempt to ward off the pitfalls of uncontrolled lending to property buyers.

The loan guarantees were announced during US President Barack Obama’s visit to Jordan in March, when he also announced a $200 million in additional aid for 2013.
08:29 GMT

The bonds, carrying an interest rate of 2.503 per cent and set to mature in 2020, were oversubscribed by 180 per cent as demand exceeded $2.20 billion.

The Chartered Institute of Management Accountants
05:53 GMT
(press release)

The Chartered Institute of Management Accountants (CIMA) has announced a special pricing campaign.

October 29, 2013

During the event
09:57 GMT

Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has announced that it recently opened two new branches in the Tunisia and China Courts of Ibn Battuta Mal.

André Sayegh, CEO of FGB
06:01 GMT
(press release)

First Gulf Bank, continues to deliver solid performance with Q3’2013 Net Profit at AED 1,190Mn, 12.8% higher than the same period last year (Q3’2012).

October 28, 2013

Doha Bank branch opening
09:02 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has inaugurated a new branch at the new Dar Al Salam Shopping Mall, located in Abu Hamour, Doha.

Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group
08:50 GMT

The National Bank of Abu Dhabi’s(NBAD)MENA Dividend Leader Fund (MDL)will pay to its investors a semi-annual distribution equal to2.57%of the UnitNet Asset Value (NAV) of USD5.7241.