Banking & Finance
December 26, 2012
Travelers to and from Egypt will not be allowed to have more than $10.000 or its equivalent on them. Egyptian President Mohamed Morsi modified the central bank law in order to tighten foreign currency transfers from and to Egypt.
Mashreq announced for the first time in the UAE, a tailor-made proposition for Non-Resident Egyptians.
Jordan Ahli Bank in collaboration, with the European Bank for Reconstruction and Developmentorganized a discussion forum for women managing small and medium enterprises (SMEs).
John Garret, the General Manager and Chief Group Compliance Officer of the National Bank of Abu Dhabi was named the Compliance Officer of the Year 2012 at the ACC Achievements Awards.
December 24, 2012
The European Union (EU) has contributed approximately €7.4 million to the payment of the November salaries and pensions for public sector workers in the West Bank and Gaza, according to an EU press release.
Abu Dhabi Islamic Bank, a top-tier Islamic financial institution, today announced the expansion of its regional footprint by launching its branch in Khartoum in Sudan.
The governor of the Egyptian Central Bank, Farouq El-Oqda, denied on Sunday reports of his resignation, describing them as falsified, state-run Arabic-language news website Al-Ahram reported.
December 23, 2012
Saif Mohammed Al Hamli, CEO of Al Dhafra Co-operative Society, has revealed that ADCS has recently signed an AED 250 million banking facilities agreement with Al Hilal Bank.
The recently held Islamic Business & Finance Awards announced Mashreq Al Islami, the Islamic Banking Division of Mashreq as the winner of the Best Islamic Fund Award.
While Egypt's state television reported the resignation of Egypt Central Bank's governor Farouq El-Oqda, the cabinet denies the news
Burgan Bank announced that it has completed its acquisition process to acquire a 99.26% stake in Eurobank Tekfen from Eurobank EFG for a deal value of KD 98.88 million.
Emirates NBD announced the top three winners of the first ever Instagram competition in the Middle East.
December 22, 2012
The governor of the Central Bank of Egypt (CBE), Farouq El-Oqda, has resigned his position, the Egyptian State Television announced on Monday
December 20, 2012
HSBC has agreed to pay US authorities a record $1.9bn (£1.2bn) settlement over accusations that it laundered Syrian and Iranian money in the US.
As a general strike by public sector workers in Palestine enters the second day, the Palestinian Authority announced that it will borrow from local banks to cover the shortfall caused by Israel withholding tax revenues.