Banking & Finance

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in late 1998, or 2009, the surge in the US dollar is a huge deflation shock to the Gulf’s pegged currencies and its impact will be a major.
September 29, 2014 - 13:16 GMT
This seismic financial macro event has huge implications for the Gulf’s equity, property markets and liquidity engines, now that Brent crude has fallen $20 a barrel in the past three months

May 13, 2013

Qatar’s Premier and Foreign Minister Sheikh Hamad bin Jassem bin Jabr al-Thani
13:19 GMT

The Central Bank of Egypt (CBE) received a $3bn Qatari deposit for the purchase of Egyptian bonds on Thursday, confirmed Nidal Assar, the sub-governor of the CBE.

Saif Al Mansoori Deputy Head Group Marketing and Branding Emirates NBD
10:37 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today the launch of ‘Rewards & Beyond,’ a brand new business privileges programme for its Business Banking customers.

Egypt Prime Minister Ahmad Qandil
10:30 GMT

Prime Minister Hesham Qandil stated that negotiations currently being held with the IMF to secure the country’s pending $4.8bn loan were ongoing

Colonel Sameer Jassim Showaiter, Mr. Mohamed Ahmed Mohamed Yateem and Mr. Silvan Varghese during the signing.
10:22 GMT

Khaleeji Commercial Bank (KHCB) has signed a three-way memorandum of understanding (MoU) with Bahrain Defence Force's Military Consumer Association (MCA) and its main supplier Glabrous International (GI).

During the event
09:34 GMT

UAE Exchange, the leading global remittance and foreign exchange brand and Bahrain-based leading travel company, Dadabhai Travel today announced their joining hands for cash collection services in the UAE.

May Al Mudhaf, NBAD’s Regional Manager in Kuwait
09:03 GMT

The National Bank of Abu Dhabi (NBAD) has appointed May Al Mudhaf as NBAD’s Regional Manager in Kuwait.

Ms. Salma Al-Hajjaj, General Manager, Human Resources at Gulf Bank along with the Bank’s Human Resources team during the Job Fair
08:55 GMT
(press release)

Gulf Bank hailed the success of its platinum sponsorship of the Gulf University of Science and Technology (GUST) Spring Job Fair.

May 12, 2013

Majed Essa Al-Ajeel, Chairman of Burgan Bank Group
11:19 GMT
(press release)

Burgan Bank Group reported today KD 15.6 million net profits for the first quarter of 2013 after taking KD 5 million in precautionary provisions.

Al Hilal Bank
06:58 GMT
(press release)

Al Hilal Bank is clarifying that it has no connections at all with Al Hilal Exchange, a money transfer and currency exchange service provider which recently had its licensed revoked by the UAE Central bank.

Sheikh Talal Al Khalid Al Sabah, Kuwait Petroleum Corporation’s (KPC) Managing Director, Government, Parliament, Public & Media Relations along with the Gulf Bank team at the Bank’s stand during the event
06:12 GMT
(press release)

Gulf Bank recently sponsored Kuwait University’s Business Administration honouring ceremony held at Arraya Ballroom on 1 May 2013.

May 9, 2013

World Bank Building
12:24 GMT

A World Bank report released Wednesday cautioned Jordan of a “moral hazard” phenomenon.

The role of SWFs in the global economy has only strengthened
12:15 GMT

The report represents a collection of articles prepared by KPMG specialists throughout the Middle East and provides insight into the recent trends and developments in SWF investment strategies

Bahrain Development Bank
10:38 GMT

Tamkeen signed an agreement with Bahrain Development Bank (BDB) to add BD10 million to the Enterprise Financing Portfolio

Adnan Chilwan, Deputy Chief Executive Officer, DIB
05:41 GMT
(press release)

Dubai Islamic Bank is pleased to announce that it has gained the necessary approvals and authorizations to issue new shares in order to execute the share swap for those Tamweel investors.

May 8, 2013

Emirates NBD Senior Officials at the inauguration of the bank's Emirates Towers branch
12:13 GMT
(press release)

Emirates NBD announced the official inauguration of the Emirates Towers branch, which has been relocated at the Emirates Towers Boulevard, at the heart of Dubai’s business and financial district.