Banking & Finance

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GCC equities in general continue to show characteristics that will continue to make them attractive to investors over the rest of this year.
August 31, 2014 - 04:55 GMT
While the Iraqi conflict has also kept some international investors at bay and risk premiums across the region elevated, the political backdrop seems to have improved in a number of countries in the region.

July 2, 2014

Aref Al Ramli, Head of electronic business and innovation at Mashreq
09:20 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions, today launched the world’s first online & international mobile top-up and bill payment service, another quick and hassle free payment facility for consumers.

Al Hilal Bank
07:53 GMT
(press release)

Al Hilal Bank has successfully priced USD 500 million Perpetual Additional Tier 1 sukuk certificates, marking the first Tier 1 issuance out of the Middle East since May 2013.

The National Bank of Abu Dhabi
07:29 GMT

The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement.

July 1, 2014

The finance minister said the budget would push debt down from 94% of GDP, registered in the FY 2013/2014 budget, to around 90% of GDP
11:23 GMT

“The wages system in Egypt is closer to randomness than to being organised,” the minister said, adding that “a project for income law will be submitted to the cabinet during the coming period.”

Faisal Aqil, Deputy CEO – Consumer Wealth Management, Emirates Islamic
10:57 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced the launch of a 360º community outreach programme.

United Arab Bank branch
09:39 GMT
(press release)

United Arab Bank, the fastest growing bank in the Middle East, has announced the completion of a 3-year syndicated Murabaha facility worth US$100m with four banks based in the UAE, Bahrain, and Kuwait.

Keith Luck CIMA President 2014-15
06:23 GMT
(press release)

Keith Luck FCMA, CGMA is the new President of the Chartered Institute of Management Accountants (CIMA), the world’s largest professional body of management accountants.

June 30, 2014

After swinging wildly this month in response to Arabtec’s gyrations, the Dubai index is down 22 percent from its multi-year peak in mid-May
14:09 GMT

The collapse marks a continuation of the builder’s downward trend on the Dubai bourse

Mohsin Nathani, CEO, UAE Standard Chartered
10:45 GMT
(press release)

Standard Chartered’s Transaction Banking Department recently organised a seminar on Liquidity and Working Capital Management for its Corporate and Institutional Clients in the UAE.

Al Ansari Exchange
10:20 GMT
(press release)

Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced the launch of ‘Al Ansari Rewards – Summer Promotion 2014,’ offering at total of AED 1,350,000 in cash prizes.

June 29, 2014

Arabtec, which remained among the top losers last week, shed 27.23 per cent.
13:52 GMT

Fund managers and analysts do not expect major movements and said investors have already been liquidating their positions before Ramadan.

Doha Bank CEO PHD fom EU
10:11 GMT
(press release)

Dr. R. Seetharaman, Group CEO, Doha Bank has received a PhD in “Global Governance” from European University recently. Dr. Seetharaman received the doctorate.

During the event
07:40 GMT
(press release)

In line with the leadership’s agenda to promote charitable and humanitarian works, Al Ansari Exchange has expressed its strong support to the ‘UAE Water Aid’ initiative with its recent donation of AED 1 million.

The Jordan Customs Department and the three telecommunications companies for landline, mobile and Internet (Umniah, Zain Jordan and Orange Jordan) have also linked to the system.
04:55 GMT

The Central Bank of Jordan (CBJ) on Saturday officially launched e-FAWATEERcom system to help citizens check and pay their bills electronically via different paying outlets.

Gulf oil produces who are members of the monetary union are talking to the UAE and Oman in a bid to persuade them to join the union, Kuwait’s finance minister said in press comments on Saturday.
04:55 GMT

The UAE and Oman opted out of the proposed monetary union before it was launched in 2010