Banking & Finance
May 16, 2013
Dubai Islamic Bank Group announced that its Long Term Issuer ratings have been affirmed by Moody’s at Baa1
Positive global equity markets rubbed off on the Muscat Securities Market general index, which closed Wednesday's trading up 0.53 per cent at 6,352.19.
May 15, 2013
The private placement amounting to 5.28 per cent shareholding stems from the bank’s overall capital augmentation plan.
Al Ansari Exchange has donated AED 1 million to the Humanitarian Care Section of the Department of Correctional and Punitive Institutions at Dubai Police.
Oman National Investment Corporation Holding (ONIC) has reported a net profit of RO3.08mn for the first quarter ended March 31, 2013.
May 14, 2013
The Central Bank of Oman has urged licensed banks operating in the Sultanate to show more interest in financing small and medium enterprises.
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, will sponsor the Abu Dhabi Investment Forum (ADIF) to take place May 22nd, 2013 in Paris, France.
Sheikh Majid bin Mohammed bin Rashid Al Maktoum award to Alpen Capital and Bank Sarasin-Alpen on 13th May 2013 at an awards ceremony held at the JW Marriott Marquis Hotel.
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.