Banking & Finance

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Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
August 21, 2014 - 13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.

May 2, 2013

Egypt's financial regulator quashes a much anticipated deal on EFG Hermes with Qatar's QInvest, citing the latter's inexperience
14:08 GMT

Egypt's financial regulator quashes a much anticipated deal on EFG Hermes with Qatar's QInvest, citing the latter's inexperience

Emirates NBD ATM
06:00 GMT
(press release)

Emirates NBD, a leading bank in the region, is the first bank in the region that announces today the launch of the Western Union Money Transfers services on its 715 ATMs network across the UAE.

May 1, 2013

Sameena Ahmad, Managing Director at Alpen Capital
13:06 GMT
(press release)

Alpen Capital announced the publication of its GCC Food Industry Reportwhich focuses on production, import and consumption volumes of key food segments and their growth potential.

Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic Bank
11:21 GMT
(press release)

Emirates Islamic Bank announced the launch of a major campaign in the Northern Emirates that offers customers a host of special banking products and services tailored to match their lifestyles and needs.

Egypt's Shura council passed a draft law on Islamic bonds
09:07 GMT

Egypt's Shura Council (upper house of parliament) on Tuesday approved the Islamic bonds (Sukuk) draft law, reported a television channel.

Mashreq stand
08:55 GMT
(press release)

Mashreq is participating at the annual Careers UAE 2013 exhibition.

05:42 GMT

Mashreq has announced a strong first quarter this year reporting a massive 57% increase in its net profit in Q1 2013 to AED 425.3 million compared to AED 270.8 million for the same period in 2012.

April 30, 2013

Doha Bank Award Ceremony
11:51 GMT
(press release)

Doha Bank and an active proponent of Green Banking in the region, received the Best Corporate Responsibility Programme in the Middle East award from EMEA Finance Magazine.

The tie-up between Egypt and Turkey's stock exchanges is due to be completed by September
10:46 GMT

A link-up between Egypt's and Turkey's stock exchange is projected to be finalised by the end of September 2013, Mohamed Omran, the head of the Egyptian bourse said Monday.

HSBC Bank Oman - Head Office
10:34 GMT
(press release)

HSBC Bank Oman has announced its financial results for the first quarter of 2013 reporting that Net Profit increased by 91% to reach RO 5.7m.

Amani Al Khaledi, the Head of Emiratisation at NBAD
10:06 GMT

The National Bank of Abu Dhabi will participate in Careers UAE 2013 to be held from April 30th to May 2nd at the Dubai International Convention and Exhibition Centre.

Jane Siney, Head of Human Resources, UAE and Middle East, Standard Chartered
08:31 GMT
(press release)

Standard Chartered announced today that it will be participating at Careers UAE 2013 exhibition which is taking place at the Dubai World Trade Centre from 30 April to 2 May, 2013.

Chartered Institute of Management Accountants
08:04 GMT
(press release)

The Chartered Institute of Management Accountants (CIMA) has announced record growth figures for 2012 as the institute’s global footprint continues to expand.

April 29, 2013

Bank of Sharjah
12:19 GMT
(press release)

Bank of Sharjah announced its financial results for the three months ending March 31, 2013.

The UK is to help set up a specialized recovery team for Arab Spring related assets
10:37 GMT

Britain is to set up a special task-force to return stolen assets that belong to so-called 'Arab Spring' countries, according the country's Middle East affairs minister, Alistair Burt.