Banking & Finance
May 6, 2013
The bank recorded strong growth in net profit and net income compared to its first quarter in 2012
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.
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.
The International Bank of Qatar sponsored the Oryx Football Team of the Lycée Français Bonaparte School in Qatar for the second year running.
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.
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, 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
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
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
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.
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 (upper house of parliament) on Tuesday approved the Islamic bonds (Sukuk) draft law, reported a television channel.
Mashreq is participating at the annual Careers UAE 2013 exhibition.
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.