Banking & Finance

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in late 1998, or 2009, the surge in the US dollar is a huge deflation shock to the Gulf’s pegged currencies and its impact will be a major.
September 29, 2014 - 13:16 GMT
This seismic financial macro event has huge implications for the Gulf’s equity, property markets and liquidity engines, now that Brent crude has fallen $20 a barrel in the past three months

May 8, 2013

Emirates NBD Senior Officials at the inauguration of the bank's Emirates Towers branch
12:13 GMT
(press release)

Emirates NBD announced the official inauguration of the Emirates Towers branch, which has been relocated at the Emirates Towers Boulevard, at the heart of Dubai’s business and financial district.

Al Ramz Securities
08:08 GMT
(press release)

Al Ramz Securities posted its fourth consecutive month of market leadership this year by trading AED 2.2 billion in April to account for a solid 9.86 per cent of national brokering.

A branch of Abu Dhabi Islamic Bank in UAE
06:19 GMT

Abu Dhabi Islamic Bank (Adib), one of the major lenders in the UAE, said yesterday its fiscal first quarter net profit rose 10.7 per cent on year to Dh340.1 million while its total assets increased 15.9 per cent year-on-year to Dh88.7 billion and net customer financing rose 8.9 per cent to Dh54 billion.

May 7, 2013

Central Bank of Bahrain
13:41 GMT

The Central Bank of Bahrain (CBB) announced yesterday (Monday: 6 May 2013) that this week’s BD35 million issue of Government Treasury Bills has been oversubscribed by 297%.

Dubai Human Development Award
13:23 GMT
(press release)

Dubai Islamic Bank has announced that it has won the Dubai Human Development Award at the 18th Business Excellence Awards.

During the event
06:52 GMT
(press release)

Continuing its leadership position in the credit cards space, leading financial institution Mashreq launched the First Everyday Card in the UAE.

05:50 GMT
(press release)

Visa cardholders spent $4.7 billion on their cards while visiting the UAE in 2012.

May 6, 2013

Dubai World Central
13:00 GMT

Investments in the Dubai World Central projects reached Dh22 billion to date, according to Khalifa Al Zaffin, executive chairman of the Dubai Aviation City Corporation, who did not provide a breakdown of the spending.

Emile Habib of Gulf Related with Yasir Abu Sulayman of NCB and senior executives.
11:55 GMT

Gulf Capital announced yesterday that it had signed a SR 450 million ground-breaking financing facility deal with National Commercial Bank (NCB). The ten-year facility will help finance Gulf Related’s first real estate development in the Kingdom.

Sheikh Mohammed Al Maktoum looks on during Super Saturday at Meydan Racecourse on March 9, 2013 in Dubai, United Arab Emirates.
11:19 GMT

Dubai government reaffirmed its commitment to deal with the repayment obligations and said the emirate redeemed Dh3.3 billion bonds due last month on maturity date, according to a statement issued on Sunday by the Dubai media office.

A branch of Emirates Islamic Bank
10:52 GMT

The bank recorded strong growth in net profit and net income compared to its first quarter in 2012

Jamal Bin Ghalaita, Chief Executive Officer of Emirates Islamic Bank
10:42 GMT
(press release)

Emirates Islamic Bank announced 101 per cent increase in net profit for the first quarter of 2013. Net profit for the period reached AED 33.2 million, compared to AED 16.5 million for the same period in 2012.

Group photo
10:23 GMT
(press release)

Gulf Bank has announced that it has been awarded Deutsche Bank’s prestigious ‘EURO Straight-Through Processing Excellence Award’ for 2012 for its swift payments in Euros.

Lycée Français Bonaparte football team
08:26 GMT
(press release)

The International Bank of Qatar sponsored the Oryx Football Team of the Lycée Français Bonaparte School in Qatar for the second year running.

During the event
07:35 GMT

UAE Exchange today said that it has bagged two prestigious awards - Dubai Quality Award in Financial Services category and Best Service Performance Brand under Dubai Service Excellence Scheme.