Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

November 3, 2014

Emirates Islamic celebrating UAE Flag Day
12:02 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, marked the UAE Flag Day with a flag hoisting ceremony at its headquarters.

During the event
09:33 GMT

International Bank of Qatar (ibq) has won the “Best Loyalty Program in the Middle East and Africa” for its innovative reward program “thanq” at the MasterCard Innovation Forum 2014, held recently in Singapore.

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
05:55 GMT

A recent report issued by PayFort, an institution specialising in online payment solutions, said that only 7% of Egyptians have bank accounts.

November 2, 2014

The international rating agency said the revised outlook for Jordan's rating was supported by expectations that the Kingdom's fiscal and external balances will continue to improve.
13:11 GMT

Jordan has regained its stable credit rating from Standard and Poor's (S&P) almost three years after a downgrade to negative.

The National Bank of Abu Dhabi head office
10:27 GMT

The National Bank of Abu Dhabi (NBAD) has signed a deal to provide a 10-year Term Loan facility of AED 1,200,000,000 to Abu Dhabi National Hotels (ADNH).

During the event
07:44 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has been honoured with the Golden Peacock Global Award for Sustainability 2014.

October 30, 2014

Three more luxury sedans to be given away under annual Savings Promotion
04:23 GMT
(press release)

Al Hilal Bank, the progressive Islamic bank, has turned over the third of six 2015 Audi A8 luxury sedans it is handing over under its annual Savings Promotion extending from July 15, 2014 to January 15, 2015.

October 29, 2014

David Marshall, Senior Executive Officer, Emirates NBD Asset Management
09:31 GMT
(press release)

Emirates NBD Asset Management Limited (Emirates NBD AM), the asset management arm of Emirates NBD, reported today that its assets under management (AuM) has crossed the AED10bn mark as of September 30, 2014, at 10.2bn.

October 28, 2014

Lebanese and Arab banks, with the help of Central Banks, have upgraded their regulations and laws in recent years to be in line with international norms.
17:16 GMT

U.S. officials urged Arab bankers who attended a recent conference in New York to maintain measures to combat money laundering and terrorist funding.

October 27, 2014

During the meeting, Hollande and Alwaleed discussed political, economic and cultural matters.
17:15 GMT

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), attended recently a dinner at the French presidential palace, The Elysee, on the invitation of French President François Hollande.

The report said the reserves had increased by $15.7 billion in the first six months of the year.
14:09 GMT

Kuwait had accumulated reserves of $548 billion as of June 30 after continued growth in the first six months of 2014

During the event
09:21 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has launched a new “Visa Signature” Debit Card.

Suvo Sarkar, General Manager – Retail Banking and Wealth Management, Emirates NBD
08:40 GMT
(press release)

Emirates NBD announced today the launch of ‘LiveWell,’ an integrated health and wellness programme aimed at promoting healthy lifestyle and well-being among the bank’s one million plus customers.

Marios Maratheftis, Global Head of Macro Research sharing the Bank’s views on the global, regional and local economic outlook for the remainder of the year and next year
05:49 GMT
(press release)

For the second consecutive year,Standard Chartered Bank hosted a Macro-Economic briefing session titled: “Transition and Divergence” for its Corporate, Priority and Private Banking clients.

Arab Bank Group said it had begun legal steps to appeal a US jury ruling which found it liable for financing Islamic group Hamas.
04:55 GMT

The US civil lawsuit brought against the Jordan-based bank has been described by lawyers as the first of its kind to reach trial