Banking & Finance

Featured Story:

"Annual credit growth is likely to be closer to 14-17% y-o-y"
May 21, 2013 - 10:11 GMT
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.

March 13, 2012

Abdulwahed Juma, Head of Corporate Affairs at FGB
08:50 GMT
(press release)

First Gulf Bank (FGB) is offering new reduced- rate credit card options for Emiratis with decreased interest fees and monthly charges.

March 12, 2012

Aymen Samawi, the Managing Director of ADFS
11:41 GMT

Abu Dhabi Financial Services has gained the highest Market share in the securities markets of the UAE.

Hazem Mulhim, CEO of EastNets
11:20 GMT
(press release)

EastNets announces that it has received the 2012 Kinetic Process Innovation Award for excellence in the Banking Technology category.

NBK annual General Assembly meeting
05:34 GMT

National Bank of Kuwait (NBK) held its annual General Assembly meeting at the bank’s headquarters on 11 March 2012.

March 11, 2012

Mr. Errol Fonseca,  new General Manager
09:59 GMT
(press release)

Mr. Errol Fonseca has been appointed by Bahrain Financing Company as its new General Manager.

WU
09:34 GMT
(press release)

Western Union introduced a service that gives small and medium enterprises in the UAE a new way to make fast and reliable cross-border payments in more than 140 currencies.

Mark Watts, the Head of Fixed Income at NBAD's Asset Management Group
08:26 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has successfully launched its new Cautious Income Fund, targeting a yield of 5% per annum.

Muntaser Dawwas, INVESTBANK CEO, and Mohammed Qawaba, Al Shajarah Director General
08:09 GMT
(press release)

INVESTBANK signed a Memorandum of Understanding with Al-Shajarah Society to rehabilitate, preserve and develop the natural recourse of Beireen Forest.

Goh Chok Tong, Emeritus Senior Minister, Republic of Singapore and Senior Advisor to the Monetary Authority of Singapore
07:35 GMT

National Bank of Kuwait announces that Goh Chok Tong, Emeritus Senior Minister, Republic of Singapore has joined the bank’s prestigious International Advisory Board.

March 8, 2012

Henrik Raber, Global Head, Debt Capital Markets, Standard Chartered
08:31 GMT
(press release)

Standard Chartered has won 11 awards in the EMEA Finance Achievement Awards 2011, the fifth straight year that the bank has been a recipient of multiple awards from EMEA Finance.

Saif Al Mansoori, Deputy Head – Group Marketing  and Branding, Emirates NBD
06:52 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today that it will serve as the official Banking Partner for the upcoming Emirates Airline Festival of Literature.

March 7, 2012

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai visits Mashreq stand
10:02 GMT
(press release)

Reflecting its commitment towards Emiratisation, Mashreq reported 42% of Emirati workforce across the bank, an increase from 2011.

Philipp E. Baertschi, Chief Strategist at Bank Sarasin
08:59 GMT
(press release)

Bank Sarasin does not expect the euro debt crisis or rising oil prices to throttle stock markets brighter prospects.

ADIB at Careers UAE 2012
08:43 GMT
(press release)

At Careers UAE 2012 in Dubai, Abu Dhabi Islamic Bank, confirmed that it was on course to exceed its targeted Emiratisation rate of more than 50 per cent at the end of 2012.

March 6, 2012

Saif Al Mansoori, Deputy Head Group Marketing and Branding, Emirates NBD
12:26 GMT
(press release)

Emirates NBD announced that it will serve as the official Banking Partner for the upcoming Emirates Airline Festival of Literature.