Banking & Finance

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This year’s conference will see some 200 fund managers from 117 institutions in Europe, the US, the Middle East and Africa obtain first-hand insights during three days of face-to-face meetings with C-suite executives from top listed MENA companies.
September 16, 2014 - 05:55 GMT
The debate about the resurgence of the MENA region will take centre stage today at the Emirates Stadium as institutional investors from 27 countries with aggregate assets under management in excess of $8 trillion come togehther.

July 16, 2014

Burgan Bank
13:12 GMT
(press release)

Burgan Bank announced its winning of the 'Best Investor Relations in GCC' award from World Finance, one of the world’s leading financial publications.

Boosted by this deal, real estate was the most targeted sector, accounting 29 per cent of first half activity.
03:21 GMT

The UAE was the most active nation in the Middle East in terms of debt capital market activity in the first half, accounting for 55 per cent of activity at $12.1 billion,

July 15, 2014

The salaries of officials rarely exceed a few thousand pounds per month. Supplements, which can amount to several tens of times the monthly salary, are in the form of bonuses.
21:18 GMT

Although, three similar decisions were announced by several governments since January 2011, none of them have taken full effect.

The number of domestic and inter-Middle Eastern M&A transactions has declined 49% from 1H 2013 to $6.9bn during 1H 2014, according to the report.
15:38 GMT

Mergers and acquisitions (M&A) transactions in the Middle East have grown by 250% in the second quarter (Q2) of 2014 compared to Q1 2014,

Mr. César González-Bueno, Gulf Bank’s CEO
13:31 GMT
(press release)

Gulf Bank today announced a net profit of KD 15.6 million for the first half of 2014, up 9.5% from KD 14.3 million over the same period in 2013.

During the event
13:21 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has been named the ‘Best Domestic Retail Bank’ and the ‘Best Domestic Trade finance Bank’ of the year in Qatar.

Rashed Ali Al Ansari, General Manager, Al Ansari Exchange
12:33 GMT
(press release)

Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, will be distributing over 7,000 packed Iftar meals to the poor throughout the UAE during the Holy Month of Ramadan.

Ambar Brahmachary receives the certificate
12:12 GMT

Mashreq, one of the UAE’s leading financial institutions proudly received Dubai Chamber’s CSR Label for the fourth consecutive year.

NBK Deputy Group CEO Shaikha Al Bahar and KPI CEO Bakheet Al Rashidi after signing the loan agreement
06:45 GMT

National Bank of Kuwait (NBK) has participated in financing Kuwait Petroleum International’s (KPI) acquisition of Shell’s Italian assets.

July 14, 2014

During the event
11:08 GMT
(press release)

The Ministry of Finance (MoF) organised a meeting on the Gulf economic and financial integration for students of the Faculty of Business Administration at the American University of Ras Al Khaimah (AURAK).

Saleem Khokhar, the Head of Equities at NBAD Asset Management Group
10:59 GMT

The National Bank of Abu Dhabi (NBAD) has rebranded several of its equity funds moving investment focus to a broader MENA focus from a UAE emphasis.

First Gulf Bank
09:20 GMT
(press release)

As part of its strategic expansion plan, FGB, one of the leading banks in the UAE, has set up a new representative office in Seoul, South Korea.

The Statistical Center of Iran put the inflation rate of the country's rural areas in the 12-month period to the third Iranian calendar month (ended on June 21) at 28.3 percent.
04:55 GMT

"Containing inflation is the main economic priority of the government," he said.

July 13, 2014

Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group receives the award from MENA Asset Management Conference and Awards representative
11:10 GMT

The National Bank of Abu Dhabi’s (NBAD) MENA Dividend Leader Fund has been voted Newcomer Fund of the Year 2013 by Zawya at the MENA Asset Management Conference and Awards 2014.

Faisal Aqil, Deputy CEO - Consumer Wealth Management, Emirates Islamic
10:11 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of its special exchange rate offer spanning a selected range of currencies, for the summer travel season.