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Noor Bank. (File photo)
August 17, 2017 - 10:34 GMT
Noor Bank has allegedly made dozens of redundancies this week as part of a restructuring plan to improve efficiency.
The deposits increased by 20.5 per cent in June,
rising to Dh123 billion
August 17, 2017 - 08:20 GMT
The total value of monetary deposits at the UAE Central Bank amounted to Dh123 billion ($33.5 billion) during the first half (H1) of the year, Dh122.95 billion of which are in banknotes and Dh50 million in coins, a report said.
Hisham Alrayes, CEO of GFH
August 15, 2017 - 08:49 GMT
GFH Financial Group (“GFH”) today announced that it has completed the acquisition of USD 1.2bn infrastructure portfolio in Africa and Middle East.
Saudi Arabia hosted the only three IPOs of this quarter. (File photo)
August 14, 2017 - 14:35 GMT
Activity in the IPO segment in the GCC region witnessed a slowdown during the second quarter of 2017, according to a new report.
ADFD’s country report issued to mark Pakistan’s Independence Day on 14 August, highlighted that the nine development projects have significantly contributed to improving socio-economic conditions in the country.
August 14, 2017 - 13:07 GMT
Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the Government of Pakistan, have enjoyed strong and long-standing ties dating back to 1981.
Husam Mahmoud, Marketing Manager, Al Ansari Exchange receiving the recognition at the TFT awards ceremony.
August 14, 2017 - 12:59 GMT
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has once again been named as the 'Preferred Remittance Centre of the Year' in this year's edition of The Filipino Times (TFT) Awards.
The programme supports the academic growth of the participating students, each of whom is the first in their family to attend university.
August 14, 2017 - 11:00 GMT
Dubai International Financial Centre (DIFC), the Harvard University South Asia Institute (SAI) and the Harvard Business School Club of the GCC have collaborated to offer a five-day intensive course for 50 underprivileged students.
Xpress Money
August 14, 2017 - 10:11 GMT
Xpress Money is seeking greener pastures abroad, and plans to expand footprint in $360 billion (Dh1.32 trillion).
According to Central Bank data, short-term deposits secured progressive growth since the beginning of 2016. (File photo)
August 14, 2017 - 10:01 GMT
Short-term deposits in UAE banks increased by AED27.9 billion during H1, bringing to AED439.7 billion the total value of short-term deposits by the end of June, according to UAE Central Bank statistics.
The YallaCompare Banking Awards singles out the most desired financial products among UAE residents.
August 14, 2017 - 08:44 GMT
National Bank of Fujairah (NBF) PJSC announced today that its Platinum Exclusive Card has been rewarded the “All-Rounder Credit Card of the Year” title by the clients of YallaCompare in their Banking Awards H1 2017.
David Rutter
August 14, 2017 - 06:11 GMT
Bahrain-based Bank ABC, MENA’s leading international banking group, has recently joined blockchain-inspired consortium headed by R3, a financial innovation firm, headquartered in New York City.
Chairman of GFH, Sh. Ahmed bin Khalifa Al-Khalifa and Mr. Hisham Alrayes, CEO of GFH
August 14, 2017 - 06:09 GMT
GFH Financial Group (“GFH”) announced a net profit attributable to shareholders of US$62.1 million for the first half of the year ended 30 June 2017 representing a 440% increase from US$11.5 million in the first half of 2016.
Harvard Crossroads Programme in DIFC
August 13, 2017 - 12:48 GMT
Dubai International Financial Centre (DIFC), the Harvard University South Asia Institute (SAI) and the Harvard Business School Club of the GCC have collaborated to offer a five-day intensive course for 50 underprivileged students.
Profitability at the five largest Saudi banks could be pressured going into 2018, according to Moody's. (File photo)
August 13, 2017 - 12:14 GMT
Profitability at the five largest Saudi banks could be pressured going into 2018.
The collaboration between two leading Saudi institutions is designed to provide enhanced, value-added services to customers, by combining the strengths and product offerings from each partner.
August 13, 2017 - 12:08 GMT
Alawwal bank has announced a collaboration with Saudi Telecom Company (STC) on a new credit card offering.
Ali Bin Harmel Al Daheri, Watania Chairman of the Board of Directors
August 13, 2017 - 10:15 GMT
Profit at National Takaful Company (Watania) showed a growth rate by 272 per cent to Dh2.7 million in the second quarter compared to a deficit of Dh1.5 million in the same period last year.