Banking & Finance

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Since 2001, S&P has only seen 20 international sukuk from issuers outside of Malaysia or the GCC (File Archive/Shutterstock)
April 21, 2014 - 13:00 GMT
Islamic finance is increasingly labeled as the future of finance, but the sukuk market largely remains outside of mainstream markets globally.

January 27, 2013

Suvo Sarkar, General Manager Retail Banking, Emirates NBD
05:29 GMT
(press release)

Emirates NBD announced the launch of its Emirates NBD Mobile Banking App for handheld smartphones running on the BlackBerry OS, iOS and Android operating systems.

During the agreement
05:14 GMT
(press release)

Dubai Islamic Bank announced today that it has signed an agreement with Emaar Properties, the global property developer, to facilitate quick and easy e-payments for customers of the two companies.

During the agreement
04:42 GMT
(press release)

Life Insurance Corporation International B.S.C., LIC, has tied up with First Gulf Bank,FGB, in a new partnership designed to enhance existing insurance and retirement plan offerings to customers in the UAE.

January 24, 2013

The United Bank of Egypt is planning to enter the lucrative GCC banking market
11:55 GMT

The United Bank of Egypt, which is 99.9 % owned by the Central Bank of Egypt, has decided to expand in GCC countries to meet the needs of its client base.

Lebanon's Prime Minister said that despite a drop in tourist numbers, banking deposits increased
07:34 GMT

Prime Minister Najib Mikati said Wednesday that despite the drop in the number of tourists this year compared to previous years, the banking sector in Lebanon saw its customer deposits surge.

During the event
04:55 GMT

Bangladeshi expats can now send money to their dear ones’ bank accounts in Bangladesh in real time.

January 23, 2013

Rohit Walia and Sameena Ahmad from Alpen Capital at the unveiling ceremony along with representatives of Dubai Cares, The Ara Gallery and Emaar Properties
10:47 GMT
(press release)

Alpen Capital partnered with Dubai Cares to unveil a very limited miniature structure of the world’s tallest monument – The Burj Khalifa - called the “Burj of Giving”.

January 22, 2013

The Central Bank of Egypt is to allow banks to refinance imports by providing temporary foreign currency facilities
11:54 GMT

Egypt's central bank will permit banks to refinance importing operations for clients by providing “temporary facilities in foreign currency” based on the bank's credit evaluation.

Jonathan Morris, CEO, Standard Chartered UAE
11:47 GMT

Standard Chartered has announced that more than 800 of its staff in the UAE will be taking part as competitors and volunteers when the Standard Chartered Dubai Marathon 2013 kicks off on Friday 25th January.

Rakbank is set to launch new Islamic finance products
11:02 GMT

The Islamic finance industry is continuing to grow with the new that Rakbank is to launch a new set of financial services.

The D8 group of nations, including Egypt and Iran, is  meeting in Tehran and is due to set up a joint investment fund
06:42 GMT

The Developing Eight Organization, which includes Egypt and Iran, is to set up a joint investment fund.

January 21, 2013

IBQ Cricket Masters 18 Jan 2013
12:18 GMT
(press release)

International Bank of Qatar is sponsoring the Master Cricket Tournament for the 8th year running, cementing the bank’s steadfast support to this sports event.

The UAE's Central Bank governor has said new mortgage rules are not "imminent"
12:05 GMT

New rules for the UAE’s property market are a work in progress, and any changes won’t be implemented for six to nine months, the UAE’s Central Bank Governor is quoted as saying.

Aly Shalaby, General Manager, Consumer Banking Group at Gulf Bank
11:11 GMT
(press release)

Gulf Bank has announced the enhancement of its ‘Gulf Rewards’ program, a new and exclusive program, and one of its kind in Kuwait.

Abu Dhabi Islamic Bank
10:02 GMT
(press release)

Abu Dhabi Islamic Bank announced that it has ranked number one among other brokerage firms in terms of value of shares traded on UAE stock markets.