Banking & Finance

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Since 2001, S&P has only seen 20 international sukuk from issuers outside of Malaysia or the GCC (File Archive/Shutterstock)
April 21, 2014 - 13:00 GMT
Islamic finance is increasingly labeled as the future of finance, but the sukuk market largely remains outside of mainstream markets globally.

March 13, 2014

Despite drops in the stock market this week, Dubai's exchange still remains one of the top 10 performers globally (File Archive)
10:24 GMT

UAE's stock markets plunged again this week, but Dubai's index still remains as one of the top 10 performers globally.

Standard Chartered
09:50 GMT
(press release)

Standard Chartered last week organized a regional football tournament.

2013 brought an improved financial outlook for the country's economy
07:04 GMT

An increased budget deficit plus a rising inflation rate are key challenges facing Bahrain

The 180 million soft loan deal will be signed in Brussels on Tuesday (File Archive/Shutterstock)
05:00 GMT

Jordanian officials met with EU counterparts Wednesday to discuss a 180 million euro deal.

March 12, 2014

CIMA
11:47 GMT
(press release)

Drawing on its extensive global research into employer needs, the Chartered Institute of Management Accountants (CIMA) today launched its 2015 Professional Qualification Syllabus in the UAE.

NBAD annual general meeting
06:16 GMT

The National Bank of Abu Dhabi's (NBAD) shareholders approved the distribution of cash dividend of 40% and stock dividend of 10% for the financial year ended 31 December 2013 at the annual general meeting (AGM).

March 11, 2014

Insurance companies in Egypt had to pay 45.5 percent more in claims in 2012-13 than the year prior due to the uprising in the country (File Archive/AFP)
12:27 GMT

One of the world's leading property and insurance companies AIG is set to expand in Egypt.

Naveed Ali, Chief of Corporate Banking, Mohammed Saleem, Chief of Treasury, and Abbas Bhujwala, Chief Risk Officer, DIB, receiving Best Sukuk House award
11:22 GMT
(press release)

Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has been recognised at two of the most prestigious awards ceremonies for its industry-leading corporate banking services.

During the event
11:11 GMT
(press release)

First Gulf Bank hosted a seminar for its ‘First Wealth’ high net worth customers at Jumeirah Emirates Towers in Dubai yesterday, to review the current state of the UAE real estate and regional investment markets.

Al Hilal Bank
08:45 GMT
(press release)

Al Hilal Bank – Kazakhstan, the first Islamic bank in Kazakhstan, yesterday (Monday, March 10, 2014) joined a panel discussion on business opportunities in Central Asia at the Trade & Invest Central Asia forum.

Saudi Arabia touts the highest paid CEOs and expatriates in the GCC (Shutterstock)
05:00 GMT

CEOs in Saudi Arabia are the highest paid executives among all GCC countries, according to a new report.

March 10, 2014

Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic
13:00 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced it has launched ‘Financing Against Shares.’

National Bank of Kuwait
06:25 GMT

National Bank of Kuwait (NBK) held its annual General Assembly meeting today (Sunday 9th March 2014) at the bank’s headquarters.

March 9, 2014

Marka's IPO will be the first IPO on the Dubai Financial Market in more than five years (Courtesy of Gulf News)
07:26 GMT

UAE's Marka announced this week that it is planning an initial public offering on the UAE stock market after receiving preliminary approval from the country's Securities and Commodities Authority.

During the signing
07:23 GMT
(press release)

Mashreq announced the launch of the e-wallet, noqodi, an innovative first of its kind payment gateway, engineered by emaratech, a leading technology, online and smart solutions consulting company in the region.