Banking & Finance

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Return of Equity (RoE) for Saudi banks is 10 percent whereas U.S. and European counterparts only receive single digit returns (File Archive)
April 14, 2014 - 15:00 GMT
Saudi Arabia's banking sector has outperformed its western counterparts in terms of profitability as well as efficiency in terms of resource utilization.

January 21, 2013

A US court upheld sanctions against Arab Bank after its dealings with Hamas, a designated terrorist organisation in America
07:34 GMT

Sanctions against Arab Bank were upheld by a US court after a lawsuit accusing it of providing banking services to Hamas and other U.S.-designated terrorist groups.

January 20, 2013

NBAD Brings Statesmen & Central Bankers to GFMF
12:19 GMT

The fifth Global Financial Markets Forum will bring to Abu Dhabi several Arab central bankers and an array of well-known international statesmen and leaders.

Nimish Dwivedi, Head of Payments, Mashreq
08:28 GMT

Mashreq has made the program even bigger and better.

Tariq Linjawi, Head of Wealth Management at NCB Capital
07:22 GMT
(press release)

NCB Capital has launched AlAhli Global Natural Resource Fund, aiming to enrich investment portfolios with the most in-demand natural resources on earth.

Play with Buba
05:08 GMT
(press release)

Burgan Bank announced today that its BuBa Kids Account holders are entitled to a special offer with Barcelona football academy.

First Gulf Bank
04:47 GMT
(press release)

First Gulf Bank (FGB), the major leading UAE financial institution, has handed over the grand prizes to the winners of its Abu Dhabi Credit Card’s annual draw.

January 17, 2013

Saif Al Mansoori, Deputy Head, Group Marketing and Branding, Emirates NBD
10:22 GMT
(press release)

Emirates NBD announced that it is sponsoring an airplane for UAE football fans to attend the UAE Iraq final match of the 21st Gulf Cup in Manama, Bahrain, on Friday January 18, 2012.

NBAD receives CSR Label Certificate
10:06 GMT

The National Bank of Abu Dhabi has been awarded the Dubai Chamber of Commerce & Industry Centre for Responsible Business CSR Label.

January 16, 2013

Saxo Bank Headquarters
09:41 GMT
(press release)

Saxo Bank announces the launch of Saxo Prime, its new FX Prime Brokerage solution, offering institutional clients direct market access to major FX liquidity providers and venues worldwide.

Emirates NBD
07:18 GMT
(press release)

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

January 15, 2013

The Egyptian pound continued to slide again on  Tuesday, as former finance minister claims the currency controls are  "temporary"
13:06 GMT

The Egyptian pound dropped 0.3 per cent against the US dollar at the latest currency auction by the central bank on Tuesday, as the former minister claims the currency controls are temporary.

During the campaign
11:15 GMT
(press release)

Reflecting its ongoing commitment to corporate social responsibility, Dubai Islamic Bank (DIB) recently organised a blood donation drive for its employees.

Egyptian stocks responded well to the possibility of reconciliation of Mubarak-era financial corruption
04:00 GMT

Egypt stocks rebounded slightly in Monday trading with foreign investors going on a limited spending spree on news of possible "reconciliation" between the country's post-revolution government and members of the former regime indicted for financial misdealing.

January 14, 2013

Former deputy governor of Egypt's Central Bank has resigned as head of the NAtional Bank of Egypt for undisclosed reasons
13:03 GMT

The chairman of Egypt's largest public bank, the National Bank of Egypt (NBE), has resigned, although it remains unclear if President Mohamed Morsi has accepted the notice.

An investment bank for the Arab Maghreb has been created with $100m and support from the IMF
11:13 GMT

The five nations of the Arab Maghreb Union have created an investment bank with capital of $100 million to finance infrastructure projects in the region, Mauritania's central bank governor said on Wednesday.