Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

July 28, 2013

Arab Bank
06:00 GMT
(press release)

Arab Bank Group posted an increase of 7.5% in its net profit in the first half of 2013 to reach USD 387 million compared to USD 360 million for the same period in 2012. Net income before tax grew to USD 511 million.

July 25, 2013

The QE index is approaching major psychological resistance at 10,000 points
12:55 GMT

Qatari stocks gained 0.2% to 9,672 points to hit a fresh 58-month high yesterday.

July 24, 2013

Rafi Ahmed, the Head of Global Financial Markets-Europe at NBAD
09:45 GMT

The National Bank of Abu Dhabi has appointed Rafi Ahmed as its Head of Global Financial Markets-Europe to expand the division’s services in Europe.

Yakub Bobat, Head of Corporate Banking, Emirates Islamic Bank
08:30 GMT
(press release)

Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, today announced the appointment of Yakub Bobat as its Head of Corporate Banking.

July 23, 2013

UAE Central Bank had approved the issue more denominations of coins to meet demand
12:55 GMT

Cash deposits in the Central Bank of the UAE amounted to Dh79.9 billion while cash withdrawals were Dh82.1 billion by end of May, leading to coins problem in the market.

During the event
11:26 GMT
(press release)

Emirates NBD, a leading bank in the region, recently announced that it has contributed AED 2 million to provide clothing for 20,000 needy children as part of the campaign.

Mr. Omar Kutayba Alghanim, Gulf Bank’s Chairman
11:16 GMT
(press release)

Gulf Bank today announced a net profit of KD 14.3 million for the first half of 2013, an increase of 12%, against KD 12.8 million for the same period last year.

Nimish Dwivedi, Head of Payments - Mashreq Bank
10:03 GMT
(press release)

Mashreq card members’ international spend across multiple transactions, across multiple countries, reaches AED 5000.

July 22, 2013

Iraq’s banking sector is no mean feat
15:55 GMT

Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country’s banking sector, but the experience of a global rival points to the many pitfalls they must navigate.

The World Bank said it is fully in compliance with international and U.N. sanctions against Iran
09:55 GMT

The World Bank said Thursday it was placing Iran’s loans in nonperforming status as Tehran had not paid back any of the money it owed for more than six months.

The World Bank said it is fully in compliance with international and U.N. sanctions against Iran
09:55 GMT

The World Bank said Thursday it was placing Iran’s loans in nonperforming status as Tehran had not paid back any of the money it owed for more than six months.

Standard Chartered Bank
09:14 GMT
(press release)

Liverpool Football Club and Standard Chartered Bank have today announced a two year extension to their main sponsor agreement.

Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank
07:55 GMT
(press release)

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani announced Doha Bank's financial results for the first half of 2013.

July 21, 2013

During the eye test
09:18 GMT
(press release)

Emirates NBD offered customers and employees the chance to have their eyes tested, free of charge.

Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group
09:07 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, will distribute the equivalent of 2.50% of the Fund’s net asset value (NAV) of AED 3.6377, being the NAV as of July 11, 2013.