Banking & Finance

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CEO of Emirates NBD, Shayne Nelson, said in-market mergers  work better monetarily (File/AFP)
August 26, 2014 - 07:31 GMT
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.

April 17, 2013

Lebanese with savings in Cyprus are being urged to move their money back home (Getty)
10:25 GMT

Cyprus is due to withdraw restrictions on deposits as Lebanese are urged to deposit their savings in backs back at home.

Bas Ter Laare, winner of logo competition, with Rick Pudner, Group CEO, Vikram Krishna, Head Group Marketing and Customer Experience and Saif Al Mansoori, Deputy Head Group Marketing and Branding, Emirates NBD
10:01 GMT
(press release)

Emirates NBD, announced that the logo for the bank’s 50th anniversary celebrations had been selected from among 3000 plus entries, with Bas Ter Laare declared the winning designer for his logo.

April 16, 2013

Banking sector workers are threatening more industrial action
13:08 GMT

Bank employees in Lebanon vowed Monday to stage fresh protests and sit-ins on April 28 to press their demand for the renewal of a 2008 collective labor agreement.

Saudi Prince AlWaleed Bin Talal  is sitting pretty on top of the Forbes' Middle East rich list
11:00 GMT

Saudi Prince AlWaleed Bin Talal topped the 100-person richest Arabs list, according to Forbes, as former Lebanese PM Najib Mikati comes in it at 8th.

Huda Abdulla, Executive Vice President of Branch Distribution at FGB
10:32 GMT
(press release)

FGB has confirmed that all Emirati Al Awwal Islamic Certificate owners will receive a return of 1.5% on the total value of the certificates they hold, which will be directly transferred to their accounts on a monthly basis.

April 15, 2013

National Bank of Kuwait with IAB
12:06 GMT

National Bank of Kuwait held the 6th annual meeting of its International Advisory Board in Kuwait to discuss the latest economic and geopolitical developments in the region and world as well as NBK’s strategy.

There have been no Libyan deposits at the Central Bank of Egypt
09:34 GMT

There are currently no Libyan deposits at the Central Bank of Egypt (CBE), said a media spokesperson at the CBE.

New statistics from the Central Bank of jordan show remittances and tourism revenues up in the first quater of 2013
09:01 GMT

New figures from the Central Bank of Jordan show an increase in remittances to the country and tourism revenues.

Egypt's Central Bank auctioned of $600 million to cover key imports yesterday
08:35 GMT

The Central Bank of Egypt (CBE) held an exceptional foreign exchange auction of $600 million on Sunday.

Lebanese banks expect healthy profits in 2013
08:12 GMT

Leading Lebanese banks’ profit growth will be on the upswing in the first quarter of 2013, according to FFA Private Bank market research.

His Excellency Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of DIB
05:39 GMT
(press release)

Dubai Islamic Bank Group (DIB) today announced its financial results for the three months ended March 31, 2013, registering strong growth across all areas of the bank.

April 14, 2013

During the event
06:03 GMT
(press release)

Dubai Islamic Bank (DIB) has welcomed the first batch of MASRAFI participants, following its recent agreement with the Emirates Institute for Banking and Financial Studies (EIBFS).

National Bank of Kuwait
05:53 GMT

National Bank of Kuwait announced the opening of its new branch in Abu Dhabi, the second in the United Arab Emirates.

April 11, 2013

Lebanon is planning to raise $1 billion through Eurobonds
14:24 GMT

Lebanon, rated B1/B/B, is planning to raise $1 billion through an increase of its outstanding 2023 and 2027 Eurobond.

Kuwait will finance development projects worth $1.3 billion in Bahrain
08:47 GMT

Kuwait will finance development projects worth $1.3 billion in Bahrain over the next few years, a report said.