Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

June 26, 2013

During the event
10:56 GMT
(press release)

Emirates Islamic Bank announced today that it contributed AED 7 million to Dubai Healthcare Authority to support Rashid Hospital in purchasing computed tomography (CT scan) machines.

Nakheel tower
10:47 GMT

Dubai's state-owned property firm Nakheel, is in talks with banks to refinance loans worth 8 billion dirhams ($2.2 billion) that are due in 2015, the chairman of the company said on Wednesday.

June 25, 2013

HSBC
11:04 GMT

HSBC has been named the “Best Wealth Management Firm” at the 2013 Banker Middle East Industry Awards.

Y Sudhir Kumar Shetty, Chief Operating Officer Global Operations UAE Exchange with winners of Smart Pay Appreciation Programme 2012
10:31 GMT

“We salute UAE Government’s vision for the welfare of the employees in the UAE by implementing Wages Protection System (WPS).

Stack of 50 euros bills
06:00 GMT

France and Qatar launched a mixed Franco Qatari fund on Sunday to invest €300 million in small and medium sized French companies, in a bid to quash concerns raised by a previous Qatari plan to invest specifically in French suburbs.

NCB Capital
05:47 GMT
(press release)

NCB Capital has downgraded Sipchem and Sahara to Neutral while maintaining all other ratings, remaining Overweight on SABIC, SIIG, Yansab and APPC.

June 24, 2013

Faisal Aqil, Deputy CEO, Consumer Wealth Management at Emirates Islamic Bank
11:05 GMT
(press release)

Emirates Islamic Bank announced today that it has been recognised as the Best Islamic Corporate Bank in the region, at the 2013 Banker Middle East Industry Awards.

the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain
10:24 GMT

A Kuwaiti sheikh is suing UBS AG for $21.4 million, alleging the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain, a Dubai court heard on Sunday.

Al Hilal Bank celebrating Haq Al Lailah
09:23 GMT
(press release)

Al Hilal Bank gave special attention to children this middle of ‘Shabaan’. the 15th day of the eighth month (Shabaan) of the Islamic lunar calendar, by observing the traditional Arabic practice of giving out Haq Al Lailah.

Standard Chartered
08:36 GMT
(press release)

Standard Chartered, in partnership with VISA, celebrated the launch of the Standard Chartered VISA Infinite Credit Card.

During the festival
08:10 GMT
(press release)

Jordan Ahli Bank sponsored the Innovation Kitchen activity at Jordan’s second annual New Think Festival which was held on the 15th and 16th of June 2013 at Al Hussein National Park.

Mubadala and RDIF are each committing $1 billion
06:23 GMT

The Russian Direct Investment Fund (RDIF) and Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, have announced the launch of a $2 billion co-investment fund to pursue opportunities in Russia.

June 23, 2013

All 11 economists in a Reuters survey had forecast that the bank would keep rates unchanged
12:10 GMT

Egypt's central bank left its main overnight interest rates unchanged as expected on Thursday, as economic growth remains tepid more than two years after the uprising that ousted Hosni Mubarak.

First Gulf Bank building
10:20 GMT

First Gulf Bank (FGB) has signed an agreement to acquire Dubai First, the consumer financial services business, from Dubai Financial Group for AED 601 million in cash.

HSBC Bank Oman Mandoos Winners
09:10 GMT
(press release)

HSBC Bank Oman S.A.O.G. has recently rewarded lucky Mandoos Savings Scheme customers for the months of April and May.