Banking & Finance

Featured Story:

 A positive response from bank customers to use their Emirates ID cards as ATM cards proves the UAE’s residents’ keenness to adopt latest technologies without any apprehension.
Since the bank introduced this service on September 7, more than 8,000 customers have registered their ID cards with the bank to use them as ATM cards.

May 20, 2013

07:06 GMT

Mashreq won over the independent panel of expert judges to walk away with two of the most coveted trophies of the evening viz.

Central Bank of Egypt
05:00 GMT

Shura Council decision to raise taxes on loan loss provisions at nation's banks is met by anger; banking officials are slated to meet with newly-appointed finance minister to discuss issue.

World Bank end poverty campaign
02:11 GMT

The World Bank has approved a $30 million soft loan aimed at supporting a government initiative to improve access to basic services in impoverished parts of the country.

May 19, 2013

National Bank of Kuwait
13:06 GMT

Al Watany Bank of Egypt reported net profits of EGP 86.6 million in the first quarter of 2013 compared with EGP 75.1 million in the same period last year, an increase of 15.3% year-on-year.

During the visit
11:42 GMT
(press release)

Gulf Bank has announced that it has donated KD 6000 to the Kuwait Association for the Care of Children in Hospitals.

Nimish Dwivedi, Head of Payments with Farhad Irani, Head of Retail Banking Group, Mashreq
07:45 GMT
(press release)

Leading UAE National financial institution, Mashreq was a big winner at the recently held Smart Card Awards MiddleEast 2013 ceremony.

Faisal Aqil, Deputy CEO, Consumer Wealth Managment, Emirates Islamic Bank
06:11 GMT
(press release)

Emirates Islamic Bank announced the launch of Win back your Personal Finance campaign that offers customers the opportunity to win three prizes of up to a maximum of AED100,000 each.

Gulf Bank
05:40 GMT
(press release)

Gulf Bank held its Al Danah daily draws on May 12th 2013, announcing the names of its winners for the week of May 12th to May 16th.

Qatari banks will continue to look at international expansion in 2013-14
05:00 GMT

The banking system in Qatar has been robust, with a compounded annual growth rate (CAGR) of 20 percent in assets from March 2008 - March 2012 and another 20 percent in the year to March 2013.

May 16, 2013

Credit is likely to maintain the current trajectory
12:57 GMT

Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.

Campus career fairs
10:13 GMT
(press release)

Emirates Islamic Bank participated in the Employment Expo 2013 hosted by Abu Dhabi Men’s College.

Al Hilal Bank
09:41 GMT
(press release)

In December 2010 Al Hilal selected The Core Banking Group’s industry leading testing software - TestManager.

During the ceremony
07:28 GMT
(press release)

His Highness Sheikh Majid bin Mohammed bin Rashid Al Maktoum presented the “Sheikh Mohammed Bin Rashid Al Maktoum Patrons of the Arts” award to Alpen Capital and Bank Sarasin-Alpen.

Dubai Islamic Bank
05:31 GMT
(press release)

Dubai Islamic Bank Group announced that its Long Term Issuer ratings have been affirmed by Moody’s at Baa1

A total of 2,940 trades were executed
04:40 GMT

Positive global equity markets rubbed off on the Muscat Securities Market general index, which closed Wednesday's trading up 0.53 per cent at 6,352.19.