Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

May 22, 2014

Dr. Lamees Abdul Majeed AlQaisi, the Group Head of Business Continuity Management at NBAD (second left), receives the BCM Team Award
11:07 GMT

The Business Continuity Institute (BCI) Middle East Awards named the National Bank of Abu Dhabi (NBAD) as the BCM Team of the Year 2014.

Tooran Asif, Head of Personal Banking, Mashreq
09:00 GMT
(press release)

Mashreq has today announced the launch of a special savings account, ‘DreamSaver’ that encourages customers to save regularly in order to achieve a pre defined financial goal.

During the event
05:25 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today honoured the three lucky winners of the Kunooz quarterly prize draw for the January - March 2014 period.

May 21, 2014

During the event
11:17 GMT
(press release)

In support of its efforts to enhance financial awareness, Abu Dhabi Securities Exchange (ADX) recently organised a lecture on stock prices changes for its investors at ADX headquarters.

Abu Dhabi Commercial Bank
10:10 GMT
(press release)

Abu Dhabi Commercial Bank announces the implementation of a new Cash Management mandate with Abu Dhabi Finance, a leading home finance provider in the UAE, that will boost ADF’s internal efficiency.

During the event
09:40 GMT
(press release)

Jordan Ahli Bank recently participated in the 15th Pharmaceuticals Syndicate Exhibition and Conference, held under the heading "Pharmacies: A Consistent Contributor to Public Health."

Standard Chartered Bank
08:24 GMT
(press release)

Standard Chartered today announced a new offer that provides home buyers in the UAE with a 3.49% rate on their mortgage balance transfer, making it the lowest in the UAE market.

Tony Zeiger, Head of Investment Groupt at NBAD Private Bank (Suisse) SA
07:59 GMT

NBAD Private Bank (Suisse) SA, the wholly-owned Swiss subsidiary of the National Bank Of Abu Dhabi (NBAD), has appointed Tony Zeiger as the Head of Investment Group.

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
04:55 GMT

The Bank has not lent any new money to Iran since 2005.

May 20, 2014

The draft law says a defaulter would no longer risk a jail term if he or she has a child younger than 15 years, his or her spouse is dead — or jailed — for any reason.
22:17 GMT

At present, debtors in the UAE are imprisoned for failing to pay their debts, and creditors, mainly banks, are not sympathetic to the debtors once they are in prison.

Alex Thursby, Group CEO of NBAD
11:01 GMT

NBAD Group Chief Executive Officer, Alex Thursby will present Abu Dhabi’s strategic advantages as a conduit and enabler of trade and commerce across a rising ‘Super Region’ stretching from West Africa to East Asia at the fifth Abu Dhabi Investment Forum.

H.E. Dr. Omar Al-Nuaimi, Assistant Under-Secretary of Policies and Strategy, Ministry of Labor in the United Arab Emirates presenting the award to Mrs. Salma Al-Hajjaj, General Manager- Human Resources at Gulf Bank
09:33 GMT
(press release)

Gulf Bank announced that Mrs. Salma Al-Hajjaj, General Manager, Human Resources, has won the ‘HR Professional of the Year’ award for the private sector at the 6th Annual MENA HR Excellence Awards.

Emirates NBD
09:23 GMT
(press release)

Emirates NBD announced the launch of “Tablet Banking Service,” becoming the first bank in the Middle East to unveil tablet-based financial planning.

The DFM has now declined for four straight sessions, its biggest losing streak in that surge.
08:48 GMT

Dubai’s benchmark index, the world’s best-performing gauge in 2013, plunged the most in more than eight months on Monday.

May 19, 2014

During the event
11:21 GMT
(press release)

15 student teams coming from various UAE-based universities and colleges have been selected to move on to the final round of this year’s edition of the ‘Business for Better’ competition.