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

October 27, 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

But it is not in Aabar’s interests to derail the deal as a failed merger could drive down shares in the stock market.
04:55 GMT

Aabar Investments is demanding a hefty premium for its minority stake in Malaysia’s No.4 bank.

October 26, 2014

Political instability has scared off wealthy Gulf Arab tourists and some investors.
13:20 GMT

The stimulus packages have comprised low borrowing rates for housing and new projects, including renewable energy.

Emirates NBD Manchester United Cards
10:51 GMT
(press release)

Emirates NBD announced that the Emirates NBD-Manchester United partnership was awarded the ’Best Co-brand Programme‘ at the MasterCard Innovation Forum 2014 recently held in Singapore.

Burgan Bank Yawmi account
10:23 GMT
(press release)

Burgan Bank announced today the names of the lucky winners of its Yawmi account draw, each taking home a prize of KD 5,000.

UAE Exchange
06:57 GMT

UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, said, it currently handles 7.9 million customers.

During the event
06:55 GMT
(press release)

Doha Bank, a leading private commercial bank in Qatar and GCC, has been named Retail Bank of the Year at the Inaugural Enterprise Agility Awards held recently in Doha.

Arab Bank
06:34 GMT
(press release)

Arab Bank Group reported net profit after tax and provisions for the nine months period ending 30 September 2014 of USD 614.2 million, up by 10% from USD 559.1 million in the same period last year.

Tooran Asif with the speaker
04:26 GMT
(press release)

Mashreq launched a ‘Partners Forum’ through its Mashreq @ Work team which aims to create a platform amongst professionals across several industries to meet and share best managerial practices.

October 23, 2014

Jamal Bin Ghalaita, Chief Executive Officer of Emirates Islamic
11:51 GMT

Emirates Islamic, one of the leading Islamic financial institutions in the region, announced today an 83 per cent increase in net profit for the YTD third quarter of 2014.

October 22, 2014

One-year dollar/Saudi riyal forwards jumped to 90.0 points, their highest level since a peak of 91.50 points hit in March 2011.
11:44 GMT

The dollar demand had pushed the Saudi riyal’s spot rate unusually far beyond its peg of 3.75 against the dollar.

Sharjah Islamic Bank
09:56 GMT
(press release)

Sharjah Islamic Bank announced its nine month of 2014 results with Net Profits reaching AED 295 million, compared to 221 million achieved in the same period last year, a 33.5% growth rate.