Banking & Finance
August 20, 2013
Emirates Islamic Bank announced the successful completion of its foreign currency bank note exchange campaign.
August 19, 2013
In line with its Corporate Social Responsibility, UAE’s leading financial institution Mashreq recently held initiatives to mark ‘Zayed Humanitarian Work Day’.
HSBC Middle East have renewed their partnership for the second year in a row to empower 200 orphans and underprivileged youngsters.
August 18, 2013
"The riyal's (QAR) peg to the dollar is the cornerstone of the country's monetary policy," The Peninsula newspaper reports the Qatar Central Bank (QCB) as stating.
Syrian authorities have shut down a money exchange office in Damascus and made several arrests as a part of a campaign to curb illegal currency trading.
The total value of Iran’s capital market is half of the gross domestic product (GDP).
August 15, 2013
Egypt's stock exchange and banks will not open [Thursday] following violence sweeping the country, a bourse statement and an official at the central bank said.
The EURO zone, group of 17 countries in the Europe using EURO as domestic currency has to complete the migration by February 2014.
August 14, 2013
The stock of GCC bonds (both conventional and Sukuk) increased healthily during the first six months of the year. The private sector issuance maintained a strong pace and dominated the GCC’s fixed income activity.
MasterCard recently hosted an Iftar evening in Amman to celebrate the spirit of the Holy Month of Ramadan with its customer financial institutions and other key stakeholders in Jordan.
August 13, 2013
Dubai-based private equity firm Abraaj Group on Tuesday said it has invested in Rainbow Hospitals, a 450-bed paediatric and maternity healthcare business based in the southern Indian state of Andhra Pradesh.
Barclays is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.
August 12, 2013
Burgan Bank Group announced today its second quarter & first half results for the financial year 2013.
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has appointed Michael Austin as the Bank’s Group Chief Information Officer.
After taking advantage of a recovery in UAE bond prices to replace expensive debts with low cost bonds the corporate sector has also been in a position to elbow down the interest rates charged by UAE banks on local borrowings.