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 6, 2013

A branch of Emirates Islamic Bank
10:52 GMT

The bank recorded strong growth in net profit and net income compared to its first quarter in 2012

Jamal Bin Ghalaita, Chief Executive Officer of Emirates Islamic Bank
10:42 GMT
(press release)

Emirates Islamic Bank announced 101 per cent increase in net profit for the first quarter of 2013. Net profit for the period reached AED 33.2 million, compared to AED 16.5 million for the same period in 2012.

Group photo
10:23 GMT
(press release)

Gulf Bank has announced that it has been awarded Deutsche Bank’s prestigious ‘EURO Straight-Through Processing Excellence Award’ for 2012 for its swift payments in Euros.

Lycée Français Bonaparte football team
08:26 GMT
(press release)

The International Bank of Qatar sponsored the Oryx Football Team of the Lycée Français Bonaparte School in Qatar for the second year running.

During the event
07:35 GMT

UAE Exchange today said that it has bagged two prestigious awards - Dubai Quality Award in Financial Services category and Best Service Performance Brand under Dubai Service Excellence Scheme.

During the event
06:26 GMT
(press release)

Dubai Islamic Bank (DIB) has embarked on a roadshow of 30 schools in the UAE, to educate school children on the importance of financial responsibility from an early age.

Gulf Bank
05:49 GMT
(press release)

Gulf Bank, along with VISA International, are offering the Bank’s VISA cardholders special packages through OSN, the leading Pay-TV network in the Middle East and North Africa.

May 5, 2013

The offices of the National Bank of Dubai
10:17 GMT

UAE bank customers are less likely to stick it out with one bank compared to their peers in other markets due to stiff competition in the banking industry.

May 2, 2013

Egypt's financial regulator quashes a much anticipated deal on EFG Hermes with Qatar's QInvest, citing the latter's inexperience
14:08 GMT

Egypt's financial regulator quashes a much anticipated deal on EFG Hermes with Qatar's QInvest, citing the latter's inexperience

Emirates NBD ATM
06:00 GMT
(press release)

Emirates NBD, a leading bank in the region, is the first bank in the region that announces today the launch of the Western Union Money Transfers services on its 715 ATMs network across the UAE.

May 1, 2013

Sameena Ahmad, Managing Director at Alpen Capital
13:06 GMT
(press release)

Alpen Capital announced the publication of its GCC Food Industry Reportwhich focuses on production, import and consumption volumes of key food segments and their growth potential.

Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic Bank
11:21 GMT
(press release)

Emirates Islamic Bank announced the launch of a major campaign in the Northern Emirates that offers customers a host of special banking products and services tailored to match their lifestyles and needs.

Egypt's Shura council passed a draft law on Islamic bonds
09:07 GMT

Egypt's Shura Council (upper house of parliament) on Tuesday approved the Islamic bonds (Sukuk) draft law, reported a television channel.

Mashreq stand
08:55 GMT
(press release)

Mashreq is participating at the annual Careers UAE 2013 exhibition.

Mashreq
05:42 GMT

Mashreq has announced a strong first quarter this year reporting a massive 57% increase in its net profit in Q1 2013 to AED 425.3 million compared to AED 270.8 million for the same period in 2012.