Banking & Finance
May 20, 2013
Experts and senior analysts from HSBC discussed how China’s businesses and Renminbi currency are playing an increasingly important role in world trade during a seminar organized for HSBC Bank Oman’s corporate clients.
Yields on Egyptian three- and nine-month treasury bills climbed on Sunday and the auction's size was reduced after a new central bank decree limited the amount of funds that banks can channel into money market funds to buy T-bills.
Visa announced the launch of an in-depth study of the rapidly-growing e-commerce market across the Middle East and North Africa region.
Commercial Bank of Qatar hosted the inaugural monthly meeting of the Chief Executives of Commercial Bank’s Alliance banks.
Mashreq won over the independent panel of expert judges to walk away with two of the most coveted trophies of the evening viz.
Shura Council decision to raise taxes on loan loss provisions at nation's banks is met by anger; banking officials are slated to meet with newly-appointed finance minister to discuss issue.
The World Bank has approved a $30 million soft loan aimed at supporting a government initiative to improve access to basic services in impoverished parts of the country.
May 19, 2013
Al Watany Bank of Egypt reported net profits of EGP 86.6 million in the first quarter of 2013 compared with EGP 75.1 million in the same period last year, an increase of 15.3% year-on-year.
Gulf Bank has announced that it has donated KD 6000 to the Kuwait Association for the Care of Children in Hospitals.
Leading UAE National financial institution, Mashreq was a big winner at the recently held Smart Card Awards MiddleEast 2013 ceremony.
Emirates Islamic Bank announced the launch of Win back your Personal Finance campaign that offers customers the opportunity to win three prizes of up to a maximum of AED100,000 each.
Gulf Bank held its Al Danah daily draws on May 12th 2013, announcing the names of its winners for the week of May 12th to May 16th.
The banking system in Qatar has been robust, with a compounded annual growth rate (CAGR) of 20 percent in assets from March 2008 - March 2012 and another 20 percent in the year to March 2013.
May 16, 2013
Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.
Emirates Islamic Bank participated in the Employment Expo 2013 hosted by Abu Dhabi Men’s College.