Banking & Finance

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Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
July 24, 2014 - 13:07 GMT
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.

May 12, 2013

Sheikh Talal Al Khalid Al Sabah, Kuwait Petroleum Corporation’s (KPC) Managing Director, Government, Parliament, Public & Media Relations along with the Gulf Bank team at the Bank’s stand during the event
06:12 GMT
(press release)

Gulf Bank recently sponsored Kuwait University’s Business Administration honouring ceremony held at Arraya Ballroom on 1 May 2013.

May 9, 2013

World Bank Building
12:24 GMT

A World Bank report released Wednesday cautioned Jordan of a “moral hazard” phenomenon.

The role of SWFs in the global economy has only strengthened
12:15 GMT

The report represents a collection of articles prepared by KPMG specialists throughout the Middle East and provides insight into the recent trends and developments in SWF investment strategies

Bahrain Development Bank
10:38 GMT

Tamkeen signed an agreement with Bahrain Development Bank (BDB) to add BD10 million to the Enterprise Financing Portfolio

Adnan Chilwan, Deputy Chief Executive Officer, DIB
05:41 GMT
(press release)

Dubai Islamic Bank is pleased to announce that it has gained the necessary approvals and authorizations to issue new shares in order to execute the share swap for those Tamweel investors.

May 8, 2013

Emirates NBD Senior Officials at the inauguration of the bank's Emirates Towers branch
12:13 GMT
(press release)

Emirates NBD announced the official inauguration of the Emirates Towers branch, which has been relocated at the Emirates Towers Boulevard, at the heart of Dubai’s business and financial district.

Al Ramz Securities
08:08 GMT
(press release)

Al Ramz Securities posted its fourth consecutive month of market leadership this year by trading AED 2.2 billion in April to account for a solid 9.86 per cent of national brokering.

A branch of Abu Dhabi Islamic Bank in UAE
06:19 GMT

Abu Dhabi Islamic Bank (Adib), one of the major lenders in the UAE, said yesterday its fiscal first quarter net profit rose 10.7 per cent on year to Dh340.1 million while its total assets increased 15.9 per cent year-on-year to Dh88.7 billion and net customer financing rose 8.9 per cent to Dh54 billion.

May 7, 2013

Central Bank of Bahrain
13:41 GMT

The Central Bank of Bahrain (CBB) announced yesterday (Monday: 6 May 2013) that this week’s BD35 million issue of Government Treasury Bills has been oversubscribed by 297%.

Dubai Human Development Award
13:23 GMT
(press release)

Dubai Islamic Bank has announced that it has won the Dubai Human Development Award at the 18th Business Excellence Awards.

During the event
06:52 GMT
(press release)

Continuing its leadership position in the credit cards space, leading financial institution Mashreq launched the First Everyday Card in the UAE.

05:50 GMT
(press release)

Visa cardholders spent $4.7 billion on their cards while visiting the UAE in 2012.

May 6, 2013

Dubai World Central
13:00 GMT

Investments in the Dubai World Central projects reached Dh22 billion to date, according to Khalifa Al Zaffin, executive chairman of the Dubai Aviation City Corporation, who did not provide a breakdown of the spending.

Emile Habib of Gulf Related with Yasir Abu Sulayman of NCB and senior executives.
11:55 GMT

Gulf Capital announced yesterday that it had signed a SR 450 million ground-breaking financing facility deal with National Commercial Bank (NCB). The ten-year facility will help finance Gulf Related’s first real estate development in the Kingdom.

Sheikh Mohammed Al Maktoum looks on during Super Saturday at Meydan Racecourse on March 9, 2013 in Dubai, United Arab Emirates.
11:19 GMT

Dubai government reaffirmed its commitment to deal with the repayment obligations and said the emirate redeemed Dh3.3 billion bonds due last month on maturity date, according to a statement issued on Sunday by the Dubai media office.