Banking & Finance

Featured Story:

Conversions of conventional banks into Islamic ones are rare but not unprecedented.
October 23, 2014 - 17:41 GMT
The Council of Senior Scholars, said investing in NCB's share offer was not permissible because too much of its business was non-Islamic.

July 2, 2013

NCB Capital
05:44 GMT
(press release)

NCB Capital has won the award for Best Wealth Management Firm in this year’s Banker Middle East Industry Awards.

July 1, 2013

Saif Al Mansoori, Deputy Head, Group Marketing and Branding, Emirates NBD
12:50 GMT
(press release)

Emirates NBD announced the launch of a new Telegraphic Transfer promotion in which customers can remit money with no remittance fee charged, through the bank’s online & mobile banking platforms.

Jordan Ahli Bank
12:01 GMT
(press release)

Jordan Ahli Bank, a leading Jordanian financial institution, has chosen IBM to transform its core banking systems in a major program of modernization and business expansion.

Hani Ashkar, Middle East Senior Partner, PwC
09:31 GMT
(press release)

PwC, the world's leading professional services network, is appointing Hani Ashkar as the Middle East Senior Partner of PwC effective October 1, 2013.

SIB receiving the award at London Sukuk Summit 2013
07:51 GMT
(press release)

Sharjah Islamic Bank (SIB), a leading Shariah compliant bank in the UAE, was honoured with an Award of Excellence for Best Sukuk Structuring House in UAE at the recently held London Sukuk Summit.

June 30, 2013

Kuwait banks enjoy rising credit
12:10 GMT

National Bank of Kuwait claims credit growth across many sectors

EIB Payroll Card
10:13 GMT
(press release)

Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, today announced the launch of the “Payroll Card”.

Al Ansari Exchange
09:52 GMT
(press release)

Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has launched the “Al Ansari Rewards, Summer Promotion 2013”.

NBAD Organizes Investment Session for Women Entrepreneurs
09:48 GMT

The National Bank of Abu Dhabi organized the third Fusati Event that offered women entrepreneurs insight into wealth management across asset classes and using offshore trusts to preserve wealth.

Dubai Investments
05:47 GMT
(press release)

Dubai Investments hosted a health camp for labourers at Dubai Investments Park, in association with Prime Medical Center.

June 27, 2013

Emirates NBD
11:49 GMT
(press release)

Emirates NBD announced that it had won the INSIGHTS Middle East Call Centre Awards 2013 in the Best Sales Program Criteria, reflecting the customer oriented quality services offered by the bank’s call centre.

Lebanese-Canadian Bank
11:21 GMT

The Lebanese-Canadian Bank has reached a $102 million settlement with the U.S. government over allegations it took part in a scheme to launder drug money and other funds for terrorists.

Bank Sohar
11:18 GMT

Fitch Ratings has affirmed Oman-based Bank Sohar's Long-term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook.

Zain Building
11:17 GMT

Loss-making telecom operator Zain Saudi has gained more time - until July 31 - to repay a $2.4 billion Islamic loan due on Wednesday, the company said in a bourse statement.

NBAD wins Corporate Governance Award
08:51 GMT

The National Bank of Abu Dhabi has won Hawkamah Bank Corporate Governance Award 2013 at Bankers Middle East Industry Award.