Banking & Finance
October 20, 2013
Emirates Islamic Bank announced that it had partnered with Sharaf DG to offer its cardholders the opportunity to get additional 10 per cent cash back on all purchases made during GITEX 2013.
October 13, 2013
A survey of the top 50 SMEs in the UAE showed an overwhelming majority are planning on hiring additional employees in the next six months.
The National Bank of Abu Dhabi’s MENA Bond Fund will pay to its investors a semi-annual distribution equal to2.18% for US dollar share class and 1.51% for the dirham share class of the Net Asset Value unit of US$4.9556 and AED4.9556.
The International Monetary Fund (IMF) executive board has agreed to dispense the third tranche of its “Stand-By Arrangement” (SBA) loan for Jordan to finance projects at a total of $258 million.
Emirates Islamic Bank announced the launch of its eShopper Card, a supplementary card that has been specifically designed for online shopping.
QNB Group announced its results for the nine months ended 30 September 2013.
Some 800,000 refugees will be using these electronic cards – or “e-cards” – at participating shops in Lebanon under an initiative realized with the technical support of WFP’s private sector partner, MasterCard.
October 9, 2013
QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, announced its results today for the nine months ended 30 September 2013.
October 8, 2013
Following the expansion plan of Abu Dhabi Islamic Bank (ADIB) - Egypt in the Egyptian market, ADIB Egypt, launched its new campaign entitled "Saving Festival".
October 7, 2013
Al Hilal Bank (AHB), rated A1by Moody's and A+ by Fitch, priced its highly successful debut USD 500 million Sukuk issued at par with 3.267 per cent semi-annual profit rate.
Dubai Islamic Bank has announced that it is offering free remittances for its customers transferring funds to Pakistan.
HSBC and NCB Capital announced the completion of the largest ever government guaranteed Sukuk in Saudi Arabia for the General Authority of Civil Aviation.
October 6, 2013
A Syrian caught trying to smuggle 500,000 euros in cash through Kuwait airport said that he had received the money from charity organisations.
“The repercussions of a US default will be catastrophic for the global economy, but we are far from that," said chief investment strategist at Masic.
Al Ansari Exchange has announced the launch of a new rewards program for customers transmitting money to any Arab country from any Al Ansari Exchange branch in the UAE. The program will run until November 30, 2013.