Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

April 15, 2013

National Bank of Kuwait with IAB
12:06 GMT

National Bank of Kuwait held the 6th annual meeting of its International Advisory Board in Kuwait to discuss the latest economic and geopolitical developments in the region and world as well as NBK’s strategy.

There have been no Libyan deposits at the Central Bank of Egypt
09:34 GMT

There are currently no Libyan deposits at the Central Bank of Egypt (CBE), said a media spokesperson at the CBE.

New statistics from the Central Bank of jordan show remittances and tourism revenues up in the first quater of 2013
09:01 GMT

New figures from the Central Bank of Jordan show an increase in remittances to the country and tourism revenues.

Egypt's Central Bank auctioned of $600 million to cover key imports yesterday
08:35 GMT

The Central Bank of Egypt (CBE) held an exceptional foreign exchange auction of $600 million on Sunday.

Lebanese banks expect healthy profits in 2013
08:12 GMT

Leading Lebanese banks’ profit growth will be on the upswing in the first quarter of 2013, according to FFA Private Bank market research.

His Excellency Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of DIB
05:39 GMT
(press release)

Dubai Islamic Bank Group (DIB) today announced its financial results for the three months ended March 31, 2013, registering strong growth across all areas of the bank.

April 14, 2013

During the event
06:03 GMT
(press release)

Dubai Islamic Bank (DIB) has welcomed the first batch of MASRAFI participants, following its recent agreement with the Emirates Institute for Banking and Financial Studies (EIBFS).

National Bank of Kuwait
05:53 GMT

National Bank of Kuwait announced the opening of its new branch in Abu Dhabi, the second in the United Arab Emirates.

April 11, 2013

Lebanon is planning to raise $1 billion through Eurobonds
14:24 GMT

Lebanon, rated B1/B/B, is planning to raise $1 billion through an increase of its outstanding 2023 and 2027 Eurobond.

Kuwait will finance development projects worth $1.3 billion in Bahrain
08:47 GMT

Kuwait will finance development projects worth $1.3 billion in Bahrain over the next few years, a report said.

Saxo Bank
07:46 GMT
(press release)

Three months into 2013 and growth projections are already being lowered across the globe according to Saxo Bank.

April 10, 2013

During the launch of Emirates NBD Visa Signature Debit Card
11:47 GMT
(press release)

Emirates NBD announced the launch of the exclusive Visa Signature Debit Card that enables the bank’s Priority Banking customers to further enrich their overall banking experience.

Gulf Capital
09:45 GMT
(press release)

Gulf Capital announced that its wholly-owned portfolio company, Techno Group Investment Holdings acquired a 75% strategic stake in Dogu Tip, a major player in outsourced diagnostic imaging services in Turkey.

Parts of Egypt's new sukuk law a incompatible with Shari'a law, a leading scholar has said
09:22 GMT

Some articles of Egypt's recently approved sukuk law are “definitely incompatible with Islamic Shari’a law”, said Abdallah Al-Naggar, a member of the Al-Azhar Council of Senior Scholars.

Mr. Vikram Issar, General Manager, Consumer Banking at Gulf Bank
09:05 GMT
(press release)

Gulf Bank has announced that it is to extend its ‘We Promise’ campaign to its online services.