Banking & Finance

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A bank assistant counts through money in Lebanon (File/AFP)
July 24, 2014 - 13:29 GMT
U.S. legislation to increase financial sanctions on any organization funding or channeling money to Hezbollah won't have any impact on Lebanon's banking sector, according to a report. A sigh of relief?

April 24, 2013

During the event
11:08 GMT
(press release)

The Ministry of Finance (MoF) and Mohammed bin Rashid Establishment for SME (MBRE) held a government procurement forum today at Raffles Hotel.

April 23, 2013

The majority of Dubai residents are concerned about increasing living costs
13:27 GMT

The majority of Dubai residents are concerned about increasing living costs, a survey has found, at a time of rising inflation and spiraling property rents.

Orascom's share on the Egyptian stock market were suspended on Tuesday
12:58 GMT

Trading in shares of Orascom Construction Industries (OCI), Egypt’s biggest private construction firm, was suspended on Tuesday.

Mr. Omar Alghanim, Gulf Bank’s Chairman
07:53 GMT
(press release)

Gulf Bank today announced a net profit of KD 7.9 million for the first quarter of 2013, against KD 7.4 million for the same period last year.

April 22, 2013

Ten UK-based Arabs, including Mohammed al-Fayed, former owner of Harrods, have a joint work of over $17.5 billion
10:09 GMT

The combined wealth of the ten richest Arabs in the UK now exceeds $17.5 billion, according to an annual ranking by the Sunday Times.

Yaser Sulaiman, Executive Manager, Consumer Banking at Gulf Bank handing the car keys to, Allam Ahmed Shadid, the 1st Quarterly KOC draw winner
09:56 GMT
(press release)

Gulf Bank announced Allam Ahmed Shadid as the winner of the first quarterly KOC prize draw for 2013.

Robin Amlot, the Managing Editor of Banker Middle East presents the award to Michael Tomalin, the Group Chief Executive of NBAD and   Fawaz Abusneineh, the Head of Debt Capital Markets at NBAD
09:09 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, won the ‘Best Corporate Bond Arranger Award’ at The Banker Middle East Product Awards 2013.

April 21, 2013

banon successfully closed a $1.1 billion eurobond issue  on Thursday
13:41 GMT

Lebanon successfully closed a $1.1 billion eurobond issue Thursday with 20 percent of the bond snapped up by foreign investors, the Finance Ministry said in a statement.

Adnan Chilwan, Deputy Chief Executive Officer, DIB
12:20 GMT
(press release)

Dubai Islamic Bank announced the launch of its social media channels, including Facebook, Twitter, YouTube and LinkedIn.

Nimish Dwivedi, Head of Payments at Mashreq
08:42 GMT
(press release)

This travel season, Mashreq has announced the launch of a special Travel programme to help customers take off with fabulous offers and exciting travel benefits on their Mashreq Credit and Debit Cards.

Jordan Ahli Bank
07:18 GMT
(press release)

As part of its long term strategy to be actively involved in youth empowerment efforts, Jordan Ahli Bank sponsored the Model United Nations (MUN) Conference, hosted by Al Asriyya Schools recently.

Emirates NBD and Porsche Financial Services senior officials during the signing ceremony
06:07 GMT
(press release)

Emirates NBD announced that it has signed a partnership agreement with Porsche Services Middle East to jointly offer financial solutions for new and pre-owned auto purchases from the German Volkswagen Group to customers based in the UAE.

April 18, 2013

The World Bank is to extend $70 million to Jordan for financing SMEs
13:21 GMT

The World Bank is to offer a low interest, long-term $70 million loan to Jordan to help finance micro-projects and SMES.

Emirates NBD
12:38 GMT
(press release)

Investments in green energy are crucial for GCC states to continue being positioned as the leading energy bloc according to Giel-Jan Van der Tol, General Manager – Wholesale Banking, Emirates NBD.