The general reserve of the government accounts for 60 percent of the total government reserves and deposits, allocations for government projects is 32 percent and government’s current account 8 percent.

March 01, 2015 - 17:50 GMT
The government’s reserves and deposits with the Saudi Arabian Monetary Agency (SAMA) dropped at the end of January to SR1.39 trillion ($ 37 billion), the lowest level in 21 months.

Suvo Sarkar, General Manager - Retail Banking and Wealth Management, Emirates NBD
March 01, 2015 - 08:21 GMT
Emirates NBD announced the launch of a mega customer promotion for its current and savings accounts, aimed at encouraging the savings habit among customers and rewarding them with luxurious prizes including a Bentley car and Breitling watches.
For all the turmoil in the financial markets, Erdoğan's tirades have won praise from a class of industrialists who have thrived on cheap borrowing costs and political stability over the past decade.
March 01, 2015 - 07:25 GMT
An already-fragile Turkish lira hit a historic low of 2.5280 against the US dollar on Friday following fresh verbal attacks from President Recep Tayyip Erdoğan.
Jabra Ghandour, Managing Director of ibq
March 01, 2015 - 05:52 GMT
International Bank of Qatar (ibq) is again sponsoring this year’s prestigious MEED Qatar Projects Conference as Gala Dinner Sponsor.
HH Sheikh Mohammed bin Rashid Al Maktoum attends 40th anniversary celebration
February 26, 2015 - 11:38 GMT
Dubai Islamic Bank celebrated its momentous 40th anniversary at a special ceremony.
Doha Bank
February 26, 2015 - 09:29 GMT
Doha Bank and its associate financial service provider in India, Doha Brokerage and Financial Services (DBFS) is arranging a detailed coverage on the union budget.
Nimish Dwivedi, Head of Payments & Ayman Abuhabsa, Head of Payments launch the card
February 26, 2015 - 07:27 GMT
Mashreq have just made it possible with the launch of Portraits, the nation’s very first ‘Selfie’ credit card. Just another example of Mashreq’s continuing commitment to innovation in all areas of customer experience.
During the event
February 25, 2015 - 12:27 GMT
HE Mohammed Hilal Al Muhairi, Director General of Abu Dhabi Chamber of Commerce and Industry, yesterday opened the latest branch of Sharjah Islamic Bank in Mussafah in Abu Dhabi,
UAE Ministry of Finance
February 25, 2015 - 10:48 GMT
The Ministry of Finance (MoF) recently held two government expenditure workshops in the Dubai and Sharjah departments of finance.
“We are working on different levels to support SMEs in the Kingdom and will continue to do so,” the CBJ official added.
February 24, 2015 - 21:24 GMT
The Central Bank of Jordan (CBJ) said Monday it was working on several fronts with various stakeholders to facilitate extending credit to small- and medium-sized enterprises (SMEs).
The bank said on January 18 it planned to raise up to QR2 billion through a sukuk which enhanced its Tier 1 - or core - capital.
February 24, 2015 - 20:43 GMT
The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date,