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?

June 2, 2014

Mr. César González-Bueno, Gulf Bank’s Chief Executive Officer
10:52 GMT
(press release)

Standard & Poor's (S&P), the world’s leading international credit rating agency, affirmed Gulf Bank’s long-term credit rating at BBB+ with a positive outlook.

During the event
10:32 GMT

Burgan Bank announced today that the bank’s Corporate Banking Group has successfully completed a bilateral finance deal with United Arab Shipping Company (UASC), the largest shipping company in the Middle East.

The insurance sector saw its trading volume more than triple to 0.4mn stocks and value more than quadruple to QR26.94mn on more-than-doubled deals to 204.
03:55 GMT

“A memorable day for Qatar, the QSE and all market participants, and also the beginning of a new era for our marketplace,” said the bourse’s CEO Rashid Ali al-Mansoori.

June 1, 2014

Emirates NBD
12:03 GMT
(press release)

Emirates NBD, a leading bank in the region, today took its Priority Banking services to the next level and unveiled a dynamic wealth solutions strategy for its affluent customers.

Al Hilal Bank
11:32 GMT
(press release)

Al Hilal Bank, one of the fastest-growing banks in the UAE, has announced that it has successfully implemented the award-winning Finacle Corporate e-Banking solution from their technology partner, Infosys.

Earlier this month, international rating agency Standard and Poor’s affirmed Egypt’s long term and short-term foreign and local currency sovereign credit ratings, putting the country’s outlook at “stable”
03:55 GMT

“A very high turnout might have enhanced the legitimacy of the return to military rule in domestic and international eyes,” the credit agency says

May 29, 2014

Promised aid from the GCC has so far amounted to $20 billion, Sisi revealed in an interview earlier this month.
11:43 GMT

Following the landslide win, Sisi now faces the daunting task of reviving Egypt’s flailing economy and creating jobs for the rising numbers of unemployed youth in the country.

Tooran Asif, Head of Personal Banking, Mashreq
09:53 GMT
(press release)

Mashreq, UAE’s leading financial institution announced the launch of a Best Cash Back Personal Loan.

Emirates NBD - opening of Deerfields mall branch
09:34 GMT
(press release)

Emirates NBD, a leading bank in the region, today announced the opening of a new branch in Abu Dhabi, conveniently located within Deerfields mall in the heart of the city.

During the event
06:01 GMT

UAE Exchange will be the access point for all expatriates from Bangladesh to make payment for various consular services including Machine Readable Passport (MRP).

May 28, 2014

Earlier on Wednesday, Reuters cited an anonymous source in the Egyptian government as saying they were studying imposing new taxes on capital gains in the bourse as well as on dividends.
19:56 GMT

Egypt’s main index fell on Wednesday as voting in the presidential elections continued and reports surfaced of a possible capital taxes.

HSBC
11:27 GMT
(press release)

HSBC Bank Middle East has announced the launch of HSBC Tablet platform in the UAE, a significant enhancement to the Bank’s digital banking services providing clients with convenience, security and choice to bank their way.

Fully 60 per cent of trading on the Dubai market went to the property giant
06:24 GMT

Arabtec bounced back from days of losses with trading so intense that a market expert said it restricted trading in other Dubai shares.

May 27, 2014

Qatar's emir has instructed all companies listed on the country's stock exchange to raise their limit for foreign ownership to 49 percent in a move that could attract more liquidity to the buoyant bourse.
23:26 GMT

The order announced in a bourse filing on Tuesday comes days before index compiler MSCI upgrades Qatar to emerging market status.

David Haigh, who until March was deputy chief executive of Dubai-based GFH Capital, a unit of Bahrain’s Gulf Finance House, has been referred to Dubai’s public prosecutor for trial.
22:26 GMT

A former managing director of English Championship club Leeds United has been arrested in Dubai on charges of embezzling Dhs23.7 million ($6.45 million)