Banking & Finance

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A bank assistant counts through money in Lebanon (File/AFP)
July 24, 2014 - 13:29 GMT
U.S. legislation to increase financial sanctions on any organization funding or channeling money to Hezbollah won't have any impact on Lebanon's banking sector, according to a report. A sigh of relief?

March 11, 2013

Suvo Sarkar, Emirates NBD (right) with Hussain Shaikh, The Emirates Group
10:43 GMT
(press release)

Emirates NBD and The Emirates Group announced the signing of a Memorandum of Understanding whereby the bank will provide a pioneering e-letter solution to the employees of the Emirates Group.

NCB Capital Company
07:32 GMT
(press release)

NCB Capital expects strong earnings growth to continue due to expansion through opening stores, margin support from economies of scale and consolidation of fragmented markets.

During the evening
05:03 GMT
(press release)

The Ministry of Finance recently signed a Memorandum of Understanding with the Department of Finance Dubai, to further develop their strategic partnership.

March 10, 2013

Qatar’s sovereign wealth fund is attracting former French president Nicolas Sarkozy into the private equity game
11:37 GMT

Qatar’s sovereign wealth fund is attracting former French president Nicolas Sarkozy into the private equity game, the Financial Times reported this week.

Ferrari Credit Card
09:22 GMT
(press release)

First Gulf Bank (FGB), one of the major leading banks in the UAE, launched the first-ever Ferrari credit card in the Middle East and Africa.

Saudi Arabia’s HSBC Purchasing Managers Index (PMI) for February tops the charts, a senior economist said.
08:42 GMT

Saudi Arabia’s HSBC Purchasing Managers Index (PMI) for February tops the charts, a senior economist said.

Al Ramz Securities
07:49 GMT
(press release)

Al Ramz Securities continued its domination of the local market this year, posting a total trade value of AED 2.62 billion in February 2013 to account for 10.82 per cent of UAE stock exchange.

During the workshop
06:13 GMT
(press release)

The Jordan Ahli Bank’s SME Academy Unit held its third free workshop, focusing on evaluating investment decisions.

NBK Annual General Assembly Meeting
05:21 GMT

National Bank of Kuwait (NBK) held its annual General Assembly meeting today (Saturday 9th March 2013) at the bank’s headquarters.

March 7, 2013

Emirates airline is planning another sukuk sale, its second this year
11:50 GMT

Emirates airline, the UAE's flag carrying airline, is to have its second sukuk sale this year, according to lead arrangers Citibank and Standard Chartered Bank.

Mashreq
08:39 GMT
(press release)

Polaris Financial Technology has gone live with Polaris’ revolutionary Intellect Global Transaction Banking (GTB) platform.

During the event
08:31 GMT

The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, has been named the Best Asset Management House in the Middle East by International Takaful Awards for the second year running.

Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic Bank
07:28 GMT
(press release)

Emirates Islamic Bank has today announced the launch of the first of a series of initiatives aimed at providing customers with market leading foreign exchange services.

H.E. Mohammed Al Shaibani, Chairman of DIB, with the Performance Excellence Award
04:38 GMT
(press release)

Dubai Islamic Bank held its annual Performance Excellence Award ceremony, an event to recognise and reward employees of the bank and its subsidiaries for their outstanding performance and achievements.

March 6, 2013

Faisal Ahmad, Head of Investment Advisory for  NBAD Private Banking UAE
08:07 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has appointed Mr. Faisal Ahmad to the newly created position of Head of Investment Advisory for Private Banking UAE.