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.

April 29, 2013

Andre’ Sayegh, CEO of FGB
10:23 GMT
(press release)

First Gulf Bank PJSC, (FGB), one of the major leading banks in the UAE, today reaffirmed its continuing strong financial performance with the release of its Q1’2013 figures.

Seghaar children’s branch
09:53 GMT
(press release)

Al Hilal Bank opened its new Seghaar children’s branch yesterday, Sunday April 28th 2013, in the presence of students from the Emirates National Schools at its Al Hilal Mall Branch in Abu Dhabi’s Corniche area.

The Association of Banks in Lebanon will comply with any sanctions imposed after two firms were accused of money laundering and financing Hezbollah
08:18 GMT

The Association of Banks in Lebanon said over the weekend it would comply with any sanctions imposed by the U.S. Treasury after two Lebanese money exchange houses were designated as a primary money-laundering concern.

Jordan has requested $200 million from Japan
07:40 GMT

Jordan has requested a further $200 million from Japan, in what would be the latest round of financing from the Asian nation.

UAE Ministry of Finance
07:04 GMT
(press release)

The Ministry of Finance (MoF), in collaboration with the Federal Customs Authority and the Federal Credit Bureau, announced today its participation in the upcoming Careers UAE 2013 fair.

Arab Bank
06:53 GMT
(press release)

Arab Bank Group net profit for the first quarter of 2013 reached USD205.1million, compared to USD 204.4 million in the first quarter of last year.

Rashed Ali Al Ansari, General Manager of Al Ansari Exchange
06:09 GMT
(press release)

Al Ansari Exchange will highlight career opportunities being offered to young Emirati graduates and students during its participation at Careers UAE 2013.

During the event
06:08 GMT
(press release)

Standard Chartered has been awarded the Pan-Middle East Award for “Best Foreign Investment Bank” at the annual EMEA Finance - Middle East Banking Awards 2012

Jordan Ahli Bank Cleanup Campaign
05:42 GMT
(press release)

Jordan Ahli Bank observed World Environment Day on April 13th 2013, organizing a cleanup campaign at the Dead Sea Public Beach.

Egypt is negotiating the interest rate on $3 billion worth of Egyptian bonds that Qatar agreed to purchase
03:55 GMT

Egypt is negotiating the interest rate on $3 billion worth of Egyptian treasury bonds that Qatar committed to buying earlier this month, Planning Minister Ashraf El-Araby has said in comments reported by state-owned Al-Ahram daily.

April 28, 2013

During the event
06:25 GMT
(press release)

Burgan Bank recently hosted the 1st Internal Audit Conference for Banking Industry in Kuwait, which took place recently at the Sheraton Kuwait Hotel.

FGB's Stand at Al Ain Education and Career Fair
05:58 GMT
(press release)

First Gulf Bank (FGB), one of the major leading banks in the UAE, participated in the Al Ain Education and Career Fair 2013, which took place from April 22- 24.

Arab Bank has said that a New york court has rejected some claims that it provided funding  to terrorist organisations
03:51 GMT

Arab Bank on Thursday said a New York federal court has rejected some of the lawsuits filed against the financial institution that alleged it provided banking services to terrorist groups.

April 25, 2013

UAE Exchange
12:53 GMT

Smart Pay, UAE Exchange’s Payroll Solution brand held its first ever Smart Pay HR Summit in Dubai providing a platform for HR professionals to review WPS and refocus on HR skills.

Michael H. Tomalin, the Group Chief Executive of NBAD
12:23 GMT

Global Finance, the prestigious financial magazine, named the National Bank of Abu Dhabi (NBAD) the Best Bank in the UAE in its Best Emerging Markets Banks 2013 ranking.