Banking & Finance

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United Arab Bank (UAB)
January 19, 2015 - 14:25 GMT
United Arab Bank, UAB, has made a contribution of AED250,000 to Al Thiqah Club for the Handicapped, another milestone in the Bank’s long-standing relationship with an organisation that provides invaluable support for people with special needs in the UAE.

September 10, 2013

The bank will cut nearly 80 jobs at its bancassurance division and about 120 jobs at its credit card business, Reuters quoted one banking source familiar with the plan as saying.
14:17 GMT

.First Gulf Bank (FGB) is reportedly cutting around 10 per cent of its workforce as part of a restructuring, according to sources cited by Reuters

Saif Al Mansoori, Deputy Head, Group Marketing & Branding, Emirates NBD
12:45 GMT
(press release)

Emirates NBD, a leading bank in the region, revealed an extraordinary growth in its social media network and the positive impact on customer relations.

NCB Capital
06:36 GMT
(press release)

NCB Capital offers investors all the tools they need to make smarter stock market trading decisions that best suit their needs in the Saudi Stock Market.

September 9, 2013

US Secretary of State John Kerry said that there is “only a political solution to Syria’s war, not a military one”.
14:16 GMT

Analysts in Dubai said the nervousness over an imminent US attack on Syria seemed to have subsided following a statement on Sunday by Kerry.

United Arab Bank CEO Paul Trowbridge described the undisclosed deal as “priceless”.
13:10 GMT

The agreement with the Sharjah-based bank — who recently posted record half-year profits of Dh260 million, representing a 35 per cent year-on-year increase — follows similar Barcelona Middle East tie-ups with telecommunications firm Etisalat and Qatar Airways.

Bank AlJazira
12:46 GMT

Bank AlJazira (BAJ) announced today that its ratings have been affirmed by international credit rating agency Capital Intelligence, demonstrating the strength of the bank’s underlying business model.

Al Hilal Bank
12:20 GMT
(press release)

Al Hilal Bank has announced that it has been awarded an A1 rating by Moody’s and an A+ by Fitch, the highest ratings awarded to an Islamic Bank in the UAE.

DIFC signing ceremony
11:03 GMT
(press release)

Legal and business ties between Australia and the UAE were today cemented through the signing of a Memorandum of Guidance between the New South Wales Supreme Court and the DIFC Courts.

Obaid Al Shamsi, Chief of Human Resources, Dubai Islamic Bank
09:05 GMT
(press release)

Dubai Islamic Bank (DIB) has welcomed the second and third batch of participants for the ‘Masrafi’ programme, following the successful completion of the first round of the initiative earlier this year.

September 8, 2013

Qualified customers will enjoy free holiday packages, with the flexibility to choose their destinations. They will also have a chance to start repayment for their loans next year.
15:36 GMT

The offer us valid on new personal loans as well as on transfer or top-up of existing loans.

Be prepared for a turning of the cycle very soon, and the stock market is unlikely to keep its nerve in anticipation.
15:02 GMT

Financial markets will be unsure which way to jump this week but uncertainty is not usually something that markets like or choose to ignore. Frayed nerves generally take stocks lower and boost bonds.

September 5, 2013

While Syria is not a big oil producer, investors are worried that a strike by Western forces against the country could spread unrest in the Middle East and disrupt supply from the region that pumps a third of the world’s crude.
13:29 GMT

Stock markets in the UAE and other Gulf countries continued to plunge on fears of an imminent attack on Syria.

NBAD’s Ratibi extends financial services to 500,000 workers
11:40 GMT

The National Bank of Abu Dhabi’s Ratibi Card has been selected by international organizations and academic institutions as a successful model to extend banking products to the unbanked segment of society.

Nearly 80 per cent complete and located in a prime residential area in close proximity to Dubai Mall, Emirates Towers, Burj Khalifa and the Financial Centre metro station, the Central Park tower will comprise 426 apartments (Pictured: Dubai's International Financial Centre).
11:20 GMT

“Central Park has been launched at an opportune time, when Dubai is experiencing growth and has proven its status as one of the most profitable locations for investments."

In 2011, a small group of activists and shareholders informally investigated the performance of the company, discovering several instances of corruption.
10:55 GMT

The lawsuit is one of the first legal actions ‎stemming from anti-corruption trends in Jordan.