Banking & Finance
March 13, 2013
Burgan Bank Group announced today that it has won the Best Banking Group in MENA award for the second consecutive year from Global Banking & Finance Review.
Emirates NBD organised a visit to the Emirates NBD Pearl Museum for the attendees of the Ladies Morning at the 2013 Emirates Airline Festival of Literature.
The National Bank of Abu Dhabi's annual general meeting held in Abu Dhabi, approved the distribution of cash dividend of 35% and stock dividend of 10% for the financial year ended 31 December 2012.
March 12, 2013
MasterCard has revealed the results of the latest MasterCard Index of Consumer Confidence.
Euromoney magazine has named Abu Dhabi Islamic Bank as the Best Islamic Bank in the UAE and awarded the top-tier financial services group its “Islamic Finance Deal of the Year.
NCB Capital expects the long-term outlook to remain strong.
March 11, 2013
Emirates NBD and The Emirates Group announced the signing of a Memorandum of Understanding whereby the bank will provide a pioneering e-letter solution to the employees of the Emirates Group.
NCB Capital expects strong earnings growth to continue due to expansion through opening stores, margin support from economies of scale and consolidation of fragmented markets.
The Ministry of Finance recently signed a Memorandum of Understanding with the Department of Finance Dubai, to further develop their strategic partnership.
March 10, 2013
Qatar’s sovereign wealth fund is attracting former French president Nicolas Sarkozy into the private equity game, the Financial Times reported this week.
First Gulf Bank (FGB), one of the major leading banks in the UAE, launched the first-ever Ferrari credit card in the Middle East and Africa.
Saudi Arabia’s HSBC Purchasing Managers Index (PMI) for February tops the charts, a senior economist said.
Al Ramz Securities continued its domination of the local market this year, posting a total trade value of AED 2.62 billion in February 2013 to account for 10.82 per cent of UAE stock exchange.
The Jordan Ahli Bank’s SME Academy Unit held its third free workshop, focusing on evaluating investment decisions.
National Bank of Kuwait (NBK) held its annual General Assembly meeting today (Saturday 9th March 2013) at the bank’s headquarters.