Banking & Finance
June 18, 2013
New Deloitte report examines emerging regulatory and practice challenges faced by the Takaful industry
National Bank of Kuwait Group and Kuwait Telecommunication, VIVA, have yesterday signed a multi-currency financing agreement of USD 270 million to finance VIVA’s plans..
NCB Capital gives the sector a positive outlook due to growth in demand supported by a young and growing population, and expansions into new segments.
June 17, 2013
National Bank of Kuwait (NBK), Monday, 17 June, 2013, opened its new branch in Abu Dhabi, the second in the United Arab Emirates (UAE), under the patronage of the UAE Central Bank.
Qatar's central bank has tightened its curbs on how much banks can invest in stocks and bonds, according to a circular released by the central bank.
High net worth individuals in the Middle East are more confident about the increasing speed of wealth creation than those in any other market, the latest report in the Barclays Wealth Insights series reveals.
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, launched a branch in City Tower 2 in Dubai.
United Arab Bank has announced a strategic partnership with one of the leading exchange companies in the region, Al Ansari Exchange, providing an additional payment collection arm for its credit card customers.
Tunisia has won $1.2 billion in funding from the Saudi-based Islamic Development Bank (IDB), aimed at backing industrial, agricultural and trade projects in the country whose finances have been weak since a revolution two years ago.
June 16, 2013
National Bank of Kuwait (NBK) enjoys the largest international network of any Kuwaiti bank, offering its customers access to 16 markets in four continents around the world.
June 13, 2013
Emirates Islamic Bank announced the launch of a major summer campaign that aims to reward customers by offering them exclusive deals on various Emirates Islamic Bank debit and credit cards.
The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 1.98% of the unit NAV of 5.3286 US$, being the NAV as at 30 May 2013.
June 12, 2013
Egypt trimmed the size of a treasury bond auction on Monday but its borrowing costs held broadly steady despite anxiety over the country's finances and a mass protest set for June 30.
Emirates NBD announced the launch of an exceptional campaign across its entire product range, to celebrate the 50th anniversary of its operations with its customers.
Emirates NBD, Dubai's largest lender, has completed the acquisition of BNP Paribas' Egyptian assets after receiving regulatory approval in the North African country, the bank said in a statement on Tuesday.