Banking & Finance
December 16, 2012
Al Hilal Bank once again proved its leadership in Islamic banking by winning ‘Best Regional Retail Bank at the prestigious 2012 Islamic Business & Finance Awards held in Dubai.
December 13, 2012
Saudi Arabia’s Prince Alwaleed bin Talal has revealed he is paid a salary of just SAR1 (US$0.25) per year and charges his company Kingdom Holding the same amount in annual rent.
Emirates NBD hosted several students who participated in the recent Emerging World Youth Golf programme, along with their families, at the bank’s VIP Chalet at this year’s Omega Dubai Ladies Masters in Dubai.
The National Bank of Abu Dhabi honoured 65 employees who have contributed in total 1,475 years of service to NBAD.
Saxo Bank announced an increase in monthly average FX volumes of nearly 600% compared to December 2011 on Saxo Direct, its cross-asset API solution for institutional clients.
UAE Exchange unveiled the Middle East’s first six-currency prepaid travel card, gocash, which will empower travellers to move around the world.
December 12, 2012
First Gulf Bank rewarded its credit cardholders with a range of valuable prizes as part of the annual Abu Dhabi Credit Card draw.
Dubai Islamic Bank announced that it has been named “Best Sukuk Arranger” and “Best Private Bank” at the 2012 Islamic Business & Finance Awards.
Qatar Holding has been granted a $1 billion quota to invest in China's capital markets, much lower than the $5 billion it had hoped for.
HSBC has agreed to pay US authorities a record $1.9bn settlement over accusations that it allowed money laundering of Syrian and Iranian money.
Sukuk, a type of Islamic bond, needs to be issued on the markets quicker so that non-Islamic financial institutions can enter the booming industry
International Bank of Qatar is pleased to be a lead sponsor of the first Euromoney Qatar conference to be held in Doha.
December 11, 2012
Profits of Lebanese banks’ subsidiaries in war-torn Syria have plunged by 69.42 percent in the first three quarters of 2012, a report by Credit Libanais said.
Eight men in a Colombian-Afghani crime ring believed to be behind several bank robberies in Abu Dhabi have been reeled in police.
December 10, 2012
Arab states agreed to provide the Palestinian Authority with a $100 million monthly “financial safety net” to help President Mahmoud Abbas’ government cope with an economic crisis after the UN granted de facto statehood to Palestine, Reuters reported.