Banking & Finance

Featured Story:

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 26, 2014

Khosravi's fraud case is the largest corruption case reported in the country since the 1979 Islamic Revolution (AFP)
03:55 GMT

Khosravi’s business empire included more than 35 companies from mineral water production to a football club and meat imports from Brazil. According to Iranian media reports, the bank fraud began in 2007.

May 25, 2014

22:28 GMT

France set a new record in 2013 in terms of the number of GCC investment initiatives taken, especially in manufacturing activities and research and development operations.

Sharjah is the third-largest member of the UAE in terms of population, GDP, and geographic area.
03:55 GMT

The affirmation primarily reflects the solid growth in Sharjah’s GDP per capita.

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.