Banking & Finance
July 28, 2013
Oman posted a budget deficit of RO110.4mn for the first five months of 2013 against a surplus of RO1.58mn in the corresponding period of last yearز
Al Ramz Securities, one of the UAE’s leading brokerage houses, has announced that it has received the ‘Retail Broker of the Month Award’ for the month of June 2013 from NASDAQ Dubai.
The UAE Banks Federation has succeeded in laying down the regulations of appointing legal banking experts.
Jordan Ahli Bank’s Small and Medium Enterprise Academy recently hosted a training session on the Jordanian Labor Law in collaboration with the Noor Initiative for Legal Training.
Al Hilal Bank has announced that it has successfully deployed the ETHIX-Profit Computation and Distribution Islamic banking system from International Turnkey Systems.
Arab Bank Group posted an increase of 7.5% in its net profit in the first half of 2013 to reach USD 387 million compared to USD 360 million for the same period in 2012. Net income before tax grew to USD 511 million.
July 25, 2013
Qatari stocks gained 0.2% to 9,672 points to hit a fresh 58-month high yesterday.
July 24, 2013
The National Bank of Abu Dhabi has appointed Rafi Ahmed as its Head of Global Financial Markets-Europe to expand the division’s services in Europe.
Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, today announced the appointment of Yakub Bobat as its Head of Corporate Banking.
July 23, 2013
Cash deposits in the Central Bank of the UAE amounted to Dh79.9 billion while cash withdrawals were Dh82.1 billion by end of May, leading to coins problem in the market.
Emirates NBD, a leading bank in the region, recently announced that it has contributed AED 2 million to provide clothing for 20,000 needy children as part of the campaign.
Gulf Bank today announced a net profit of KD 14.3 million for the first half of 2013, an increase of 12%, against KD 12.8 million for the same period last year.
Mashreq card members’ international spend across multiple transactions, across multiple countries, reaches AED 5000.
July 22, 2013
Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country’s banking sector, but the experience of a global rival points to the many pitfalls they must navigate.
The World Bank said Thursday it was placing Iran’s loans in nonperforming status as Tehran had not paid back any of the money it owed for more than six months.