Banking & Finance

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Boeing forecasts that airlines in the Middle East will require 2,610 new airplanes over the next 20 years, worth an estimated $550 billion.
October 21, 2014 - 04:55 GMT
Boeing, a leading aircraft manufacturer, said today that commercial financial institutions in the Middle East are increasingly funding the region’s record number of airplane deliveries.

May 20, 2013

HSBC Bank Oman -Simon Williams - Chief Economist MENA
11:44 GMT
(press release)

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.

Central Bank of Egypt
10:29 GMT

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.

08:56 GMT
(press release)

Visa announced the launch of an in-depth study of the rapidly-growing e-commerce market across the Middle East and North Africa region.

Alliance banks
07:30 GMT

Commercial Bank of Qatar hosted the inaugural monthly meeting of the Chief Executives of Commercial Bank’s Alliance banks.

07:06 GMT

Mashreq won over the independent panel of expert judges to walk away with two of the most coveted trophies of the evening viz.

Central Bank of Egypt
05:00 GMT

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.

World Bank end poverty campaign
02:11 GMT

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

National Bank of Kuwait
13:06 GMT

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.

During the visit
11:42 GMT
(press release)

Gulf Bank has announced that it has donated KD 6000 to the Kuwait Association for the Care of Children in Hospitals.

Nimish Dwivedi, Head of Payments with Farhad Irani, Head of Retail Banking Group, Mashreq
07:45 GMT
(press release)

Leading UAE National financial institution, Mashreq was a big winner at the recently held Smart Card Awards MiddleEast 2013 ceremony.

Faisal Aqil, Deputy CEO, Consumer Wealth Managment, Emirates Islamic Bank
06:11 GMT
(press release)

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
05:40 GMT
(press release)

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.

Qatari banks will continue to look at international expansion in 2013-14
05:00 GMT

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

Credit is likely to maintain the current trajectory
12:57 GMT

Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.

Campus career fairs
10:13 GMT
(press release)

Emirates Islamic Bank participated in the Employment Expo 2013 hosted by Abu Dhabi Men’s College.