Recent

HE Mariam Mohammed Al Amiri, Assistant Undersecretary for the Management of Financial
July 28, 2016 - 09:34 GMT
The Ministry of Finance (MoF) continues its efforts to implement the financial circular no.3 for 2016 on ‘uploading Emirates ID details within employees’ records in the Federal Financial System’.
During the event
July 27, 2016 - 10:02 GMT
Gulf Bank has announced winners of both Monthly Salary Account and Red Account draws, which took place on Tuesday 26 July 2016.
The letter between Jordan and the IMF paves the way for the $700 million Extended Fund programme. (File photo)
July 27, 2016 - 08:00 GMT
A total of $700 million will be deposited at the CBJ over the years of the programme.
Egypt, which has been facing foreign currency shortages, devalued the pound to 8.78 in March then hiked key rates by 150 basis points just days later to control inflation. (File photo)
July 26, 2016 - 11:00 GMT
The central bank put up its key rates by 100 basis points to their highest level in years at its last MPC meeting on June 16, a move economists said was meant to rein in surging inflation and ease downward pressure on the Egyptian pound.
BLOM Bank in Lebanon. (AFP/File)
July 26, 2016 - 07:00 GMT
BLOM Bank is in talks with HSBC to take over the bank's operations in Lebanon.
César González-Bueno Gulf Bank CEO
July 24, 2016 - 11:58 GMT
Gulf Bank today announced a net profit of KD 20.7 million for the first half of 2016, an increase of 11% or KD 2 million over the same period last year.
Hana Rostamani, Head of Consumer Banking, FGB and Promoth Manghat, CEO, UAE Exchange exchanging signed agreement
July 24, 2016 - 09:43 GMT
In line with its efforts to provide its customers with unique banking products, FGB, one of the leading banks in the UAE, is launching a new service; a convenient cash solution.
HSBC Switzerland is at the center of an international, multi-billion-dollar scandal. (AFP/File)
July 24, 2016 - 07:00 GMT
Yasser Mallawany, an Egyptian businessman with connections to the Mubarak family, may be the "ringleader" in a HSBC banking scandal with $3.5B USD at stake.
UAE Ministry of Finance
July 24, 2016 - 06:38 GMT
The Ministry of Finance (MoF) has reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the UAE’s economic performance in 2016.
Gulf Bank
July 24, 2016 - 06:15 GMT
Gulf Bank held its Al Danah daily draws on 17 July 2016 announcing the names of its winners for the week of 10 July – 14 July 2016.
Labor Minister Sejaan Azzi. (AFP/File)
July 24, 2016 - 05:00 GMT
Lebanon dropped the daily minimum wage by roughly $2.65, and activists are protesting the change.
Lebanon's Shia movement Hezbollah acts as a parallel government in parts of the country, providing a range of social services. (AFP/Rouba El Husseini)
July 21, 2016 - 07:13 GMT
Salameh said the U.S. law must be enforced to keep Lebanon's banks within the global financial system and stabilize the hugely indebted economy as neighboring Syria's civil war hits tourism and growth.
Barclays is divesting its Africa unit as part of a plan to simplify its structure and seek higher shareholder returns. (AFP/Carl Court)
July 20, 2016 - 11:00 GMT
Banks have now been invited to submit bids to takeover Barclays banks in Egypt, with the bank's equity value estimated around $400 million.
The Central Bank of Jordan said that banks can invest up to 10 percent of their capital. (File photo)
July 20, 2016 - 06:30 GMT
The Jordan Investment Fund aims at investing in national development for-profit mega projects in strategic sectors like transportation, energy, water and infrastructure.
OAB Signing Agreement
July 18, 2016 - 10:33 GMT
Oman Arab Bank (OAB) has signed an agreement with the Sultanate’s most trusted insurance company, National Life & General Insurance company, to introduce six new bancassurance products to OAB customers.
United Arab Bank
July 18, 2016 - 06:54 GMT
United Arab Bank P.J.S.C ("UAB" or “the Bank”) announces its Financial Results for the six months ended 30th June 2016.