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May 16, 2013

Dubai Islamic Bank
05:31 GMT
(press release)

Dubai Islamic Bank Group announced that its Long Term Issuer ratings have been affirmed by Moody’s at Baa1

A total of 2,940 trades were executed
04:40 GMT

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

Bank Muscat
12:51 GMT

The private placement amounting to 5.28 per cent shareholding stems from the bank’s overall capital augmentation plan.

Dubai Police receiving the award
08:08 GMT
(press release)

Al Ansari Exchange has donated AED 1 million to the Humanitarian Care Section of the Department of Correctional and Punitive Institutions at Dubai Police.

Premium growth was largely in the medical insurance business in UAE
01:23 GMT

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

Central Bank of Oman
13:16 GMT

The Central Bank of Oman has urged licensed banks operating in the Sultanate to show more interest in financing small and medium enterprises.

Fadi Halout, the NBAD Country Manager in France
10:21 GMT

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.

Alpen Capital
09:41 GMT
(press release)

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.

Islamic banking needs separate regulations and reporting standard
03:55 GMT

Central banks of the Islamic countries have been urged to adopt a separate set of regulation to reduce confusion among Muslim scholars

Dubai Financial Market
03:17 GMT

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

Qatar’s Premier and Foreign Minister Sheikh Hamad bin Jassem bin Jabr al-Thani
13:19 GMT

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.

Saif Al Mansoori Deputy Head Group Marketing and Branding Emirates NBD
10:37 GMT
(press release)

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.

Egypt Prime Minister Ahmad Qandil
10:30 GMT

Prime Minister Hesham Qandil stated that negotiations currently being held with the IMF to secure the country’s pending $4.8bn loan were ongoing

Colonel Sameer Jassim Showaiter, Mr. Mohamed Ahmed Mohamed Yateem and Mr. Silvan Varghese during the signing.
10:22 GMT

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).

During the event
09:34 GMT

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.