Banking & Finance

Featured Story:

A bank assistant counts through money in Lebanon (File/AFP)
July 24, 2014 - 13:29 GMT
U.S. legislation to increase financial sanctions on any organization funding or channeling money to Hezbollah won't have any impact on Lebanon's banking sector, according to a report. A sigh of relief?

April 11, 2013

Lebanon is planning to raise $1 billion through Eurobonds
14:24 GMT

Lebanon, rated B1/B/B, is planning to raise $1 billion through an increase of its outstanding 2023 and 2027 Eurobond.

Kuwait will finance development projects worth $1.3 billion in Bahrain
08:47 GMT

Kuwait will finance development projects worth $1.3 billion in Bahrain over the next few years, a report said.

Saxo Bank
07:46 GMT
(press release)

Three months into 2013 and growth projections are already being lowered across the globe according to Saxo Bank.

April 10, 2013

During the launch of Emirates NBD Visa Signature Debit Card
11:47 GMT
(press release)

Emirates NBD announced the launch of the exclusive Visa Signature Debit Card that enables the bank’s Priority Banking customers to further enrich their overall banking experience.

Gulf Capital
09:45 GMT
(press release)

Gulf Capital announced that its wholly-owned portfolio company, Techno Group Investment Holdings acquired a 75% strategic stake in Dogu Tip, a major player in outsourced diagnostic imaging services in Turkey.

Parts of Egypt's new sukuk law a incompatible with Shari'a law, a leading scholar has said
09:22 GMT

Some articles of Egypt's recently approved sukuk law are “definitely incompatible with Islamic Shari’a law”, said Abdallah Al-Naggar, a member of the Al-Azhar Council of Senior Scholars.

Mr. Vikram Issar, General Manager, Consumer Banking at Gulf Bank
09:05 GMT
(press release)

Gulf Bank has announced that it is to extend its ‘We Promise’ campaign to its online services.

 Mark Watts, the Head of Fixed Income at NBAD’s Asset Management Group
06:14 GMT

The National Bank of Abu Dhabi’s (NBAD) Cautious Income Fund has made a semi-annual distribution of 2.21% of the Net Asset Value (NAV) of US$5.4925 NAV as at 28 March 2013.

April 9, 2013

Despite regional instability, Lebanon's banking institutions remain safe, the  country's central bank chief claimed on Tuesday
12:37 GMT

Lebanon's central bank chief, Riad Salameh, has insisted that the Lebanese banking and financial sectors have not been affected by the ongoing crisis in the region.

USAID has launched a scheme to boos economic growth with the Libyan diaspora community
11:29 GMT

United States Agency for International Development (USAID) and Western Union have launched the Libya Diaspora Marketplace (LDM), designed to boost economic growth.

Mr. Vikram Issar - General Manager, Consumer Banking at Gulf Bank
08:16 GMT
(press release)

Gulf Bank has announced the appointment of Mr. Vikram Issar as General Manager of Consumer Banking, who joined the Bank in March 2013.

April 8, 2013

Gulf Bank
06:07 GMT
(press release)

Gulf Bank announced that its VISA credit cardholders can now enjoy exclusive deals provided by VISA International through Groupon Middle East.

Chairman HE Yousef Hussain Kamal
05:52 GMT
(press release)

QNB Group has announced its financial results for the three months ended 31 March 2013.

April 7, 2013

Jamal Bin Ghalaita, Chief Executive Officer, Emirates Islamic Bank
10:57 GMT
(press release)

Emirates Islamic Bank announced the launch of the new Emirates Islamic Bank Rewards Credit Card, which is designed for customers looking to manage their day to day expenses.

Dubai Islamic Bank
06:16 GMT
(press release)

Dubai Islamic Bank PJSC (DIB) today announced that having received the necessary regulatory and Government approvals, the bank has repaid the AED 3,752,543,000 deposit, in fullز