Banking & Finance

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Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
August 21, 2014 - 13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.

May 29, 2013

Head of Retail banking, Farhad Irani with Mashreq senior staff at the launch
14:03 GMT
(press release)

All research shows that UAE customers are constantly on the lookout for better service, enhanced products and most of all, simplicity.

11:24 GMT
(press release)

Visa recognized the contribution of Emirates NBD and Al Rajhi Banking & Investment Corp. at the Visa APCEMEA 2013 Security Summit.

Hany Samir, Head of Custody at NBAD
09:35 GMT

The National Bank of Abu Dhabi has become a Direct Custodian for NASDAQ-Dubai,thus availing Direct Custody services for all three UAE Stock Markets.

Emirates NBD said it is also committed to extend special interest rates
05:00 GMT

Emirates NBD and Dubai SME have entered into a strategic partnership to extend up to Dh50 million in new loans dedicated to Emirati entrepreneurs and small businesses.

May 28, 2013

Gulf Bank
11:15 GMT
(press release)

Gulf Bank has announced its sponsorship of INJAZ Kuwait’s “Company Program Competition” 2013 for student companies.

Mark Watts, General Manager, Head and Chief Investment Officer of NBAD’s Asset Management Group
10:17 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has appointed Mark Watts as the General Manager, Head and Chief Investment Officer of NBAD’s Asset Management Group.

National Bank of Kuwait
05:50 GMT
(press release)

Standard & Poor’s said that its outlook on National Bank of Kuwait is stable, reflecting the agency’s belief that NBK’s overall business and financial profile will remain resilient and generally unchanged over the next two years.

Al Hilal Bank
05:41 GMT
(press release)

Al Hilal Bank, the Abu Dhabi –based progressive Islamic bank, has confirmed that it will be officially sponsoring the 37th edition of the UAE Football Association (UAEFA)’s President’s Cup.

May 27, 2013

National Bank of Kuwait
11:57 GMT

Standard & Poor’s said that its outlook on National Bank of Kuwait is stable.

During the event
09:28 GMT

UAE Exchange has entered into an agreement with Al Ain Distribution Company (AADC) for bill payments by cash.

May 26, 2013

Egypt Stock Exchange
11:32 GMT

Egypt will refund taxes collected from Qatar National Bank's acquisition of National Societe Generale Bank to shareholders on Sunday, an official from a clearing company told Reuters on Saturday.

Bank Muscat
10:50 GMT

BMI Bank, a Bahrain-based associate of bank muscat, announced that it has agreed, in principle, in favour of a merger with Al Salam Bank Bahrain (ASBB), an Islamic bank incorporated in Bahrain.

Issuance in the first quarter of this year was up by two per cent against a year ago
10:46 GMT

Issuance of debt securities saw a strong pick up during the first quarter of 2013 on the back of healthy activity by the non-financial sector in Saudi Arabia and UAE banks, according to the latest research from the National Bank of Kuwait (NBK).

During the event
10:02 GMT
(press release)

Dubai Islamic Bank has signed an agreement with The Western Union Company to enable its customers to send or receive money domestically and internationally through Western Union’s global network.

Stephen Jordan, NBAD’s Group Treasurer
06:23 GMT

The National Bank of Abu Dhabi has issued US $465 million senior unsecured convertible bonds, convertible into ordinary shares of NBAD.