Tag archive for ‘bank’
By Staff writer On Tuesday, January 12th, 2016
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QNB Expects Oil Prices in 2016 at $44

Qatar National Bank’s (QNB) weekly report forecast that the average price of oil for 2016 will be $44. The conclusion, the bank said in a statement, was one of three likely scenarios they plotted for 2016. More...

By Staff writer On Tuesday, January 5th, 2016
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Emirates NBD launches Interactive Teller Machine

Emirates NBD has introduced a new generation Interactive Teller Machine, ITM, a first to market innovation that offers customers in the UAE a never-before personalised banking experience via a video personal teller. The More...

By Staff writer On Tuesday, December 29th, 2015
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Emirates NBD named Bank of the Year twice by The Banker

The Emirates NBD today announced that it has been named ‘Bank of the Year – UAE 2015’ by The Banker. The award, considered among the most prestigious by the global banking community, recognise Emirates NBD’s More...

By Staff writer On Monday, December 28th, 2015
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Gulf International Bank wins Credit Specialist award

Gulf International Bank, GIB, has announced that its Emerging Markets Opportunities Fund, EMOF, has won the Credit Specialist award at the Alternative (Alt) Credit Intelligence European Performance Awards recently More...

By Staff writer On Monday, December 21st, 2015
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ADIB partners with IBM to launch innovative digital studio

Abu Dhabi Islamic Bank, ADIB, today announced that it will fundamentally transform how it interacts and provides services to customers by building a new Digital Studio with IBM. The bank says that it will further More...

By Staff writer On Monday, December 21st, 2015
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QNB Bullish on Qatari Equities

QNB expressed Friday their optimism on the performance of the Qatar equity for the long-term, saying that the selling made as response to declining oil prices this year were overdone. A report released today by More...

By Staff writer On Friday, December 18th, 2015
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Central Bank of the UAE announces raised interest rates

The Central Bank of the UAE has announced that as of today, December 17th, 2015, it has raised interest rates applied to its Certificates of Deposits in line with the increase in the interest rates on US Dollar, More...

By Staff writer On Monday, December 14th, 2015
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QNB Selected as “Best Customer Experience – Overall Bank in Qatar”

QNB, was named “Best Customer Experience – Overall Bank in Qatar by Ethos Integrated Solutions. The prestigious award was announced during the 11th Annual Customer Experience Benchmarking Index awards More...

By Staff writer On Thursday, December 10th, 2015
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QIB Named Bank Of The Year Qatar 2015

Qatar Islamic Bank (QIB) has been recognized for the first time as the “Bank of The Year -Qatar 2015” by The Banker magazine– the World’s longest running international banking title and the leading More...

By Staff writer On Wednesday, December 9th, 2015
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Dubai Islamic Bank launches new mobile app for Apple IOS and Android platforms

Dubai Islamic Bank, DIB, the largest Islamic bank in the UAE, has announced the launch of its new mobile banking app for Apple IOS and Android platforms. The offering has been enhanced compared to previous versions More...

By Staff writer On Tuesday, December 8th, 2015
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NBF wins “Best Local Bank in UAE” award

National Bank of Fujairah, NBF, announced today that it has won the award for ‘Best Local Bank – UAE’ at the EMEA Finance Middle East Banking Awards 2015. Organised by EMEA Finance, a bi-monthly publication More...

By Staff writer On Monday, December 7th, 2015
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QNB Group Hold Annual Strategy Conference in Doha

QNB Group, held its annual Strategy Conference this year under the theme ‘Shaping an Icon’, in Sharq Village and Spa hotel, Doha. The two-day Conference was hosted by the Group Chief Executive Officer More...

By Staff writer On Monday, November 30th, 2015
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QNB Organizes Sign Language Training Course

QNB organized a sign language training course titled “Methods of Communicating With the Hearing Impaired – Sign Language, the Mother Tongue” at QNB’s Mathaf tower in Doha. The course was dedicated More...

By Staff writer On Wednesday, November 25th, 2015
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QNB Organizes 3rd Asset Management Forum

Qatar National Bank (QNB) hosted the 3rd Asset Management Forum, which focused on providing financial corporate solutions and discussed relevant economic and financial topics. The purpose of this forum was to enhance More...

By Staff writer On Sunday, November 22nd, 2015
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QNB Named Best Transaction Bank in Middle East and Africa

Qatar National Bank (QNB) was recently distinguished as the “Best Transaction Bank in the Middle East & Africa” at The Asian Banker’s Middle East & Africa Transaction Banking Awards 2015 held More...

By Staff writer On Tuesday, November 17th, 2015
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Emirates NBD renews mailroom management contract with EPG

Emirates NBD Emirates NBD has renewed its mailroom management contract with Emirates Post Group, EPG, to manage the bank’s mailroom requirements across 148 branches. Commenting on the three-year contract, Chief More...

By Staff writer On Tuesday, November 17th, 2015
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QNB CEO Confirms Importance of Information Security and Its Impact on Daily Life

Ali Ahmed Al-Kuwari, CEO, Qatar National Bank (QNB) The Group CEO of Qatar National Bank (QNB) Ali Ahmed Al-Kuwari confirmed the importance of information and Internet security and their vital role in the daily More...

By Staff writer On Monday, November 16th, 2015
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Minister of Communication Inaugurates Global Entrepreneurship Week

HE the Minister of Communication and Information Technology Dr. Hessa Al Jaber on Sunday inaugurated the Global Entrepreneurship Week which is held between 15-19 November under her auspices and in the presence of More...

By Staff writer On Tuesday, November 10th, 2015
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QCB Holds Second Conference of Information Security

Qatar Central Bank (QCB) organizes the second conference of Information Security in the financial institutions under the title ‘Enhancing IT security in the financial sector in today’s world’ on More...

By Staff writer On Monday, November 2nd, 2015
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UAE Central Bank establishes its 2017-2021 Strategic Direction

Central Bank of the UAE The Central Bank of the UAE held a strategy retreat which brought together senior Central Bank executives and technical staff, and attended by H.E the Governor and members of the higher management More...

By Staff writer On Thursday, October 29th, 2015
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Noor Bank to support deployment of innovative Mobile Wallet

Noor Bank, in conjunction with Yvolv, the joint venture between Dubai-based Holding company Meraas and AliCloud, the cloud computing arm of the Alibaba Group, introduced a unique mobile application, ‘YVO’, during More...

By Giorgios Retsinas On Sunday, May 24th, 2015
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NBAD hosts forum in Egypt

The National Bank of Abu Dhabi (NBAD) will bring together Egyptian government officials, business leaders and financiers at a forum in Cairo on 27 May, 2015 to discuss what steps the Egyptian government and businesses More...

By Giorgios Retsinas On Monday, April 27th, 2015
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FGB up AED1.42 Billion

FGB, one of the leading banks in the UAE, delivered a strong set of results in the first quarter of 2015 with a Group Net Profit of AED 1,417 Million, a 7% increase compared to the same period in 2014. Abdulhamid More...

By Giorgios Retsinas On Sunday, April 26th, 2015
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Ventcroft targets Middle East

Eyeing the Middle East. Runcorn fire and security products manufacturer Ventcroft is targeting the Middle East market after a £7m (AED 39m) funding boost from Yorkshire Bank. The firm, one of the largest of its More...

By Staff writer On Friday, February 13th, 2015
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Finance Minster Meets Tunisia’s Central Bank Governor

Ali Shareef Al Emadi, Minister of Finance The Minister of Finance, HE Ali Shareef Al Emadi, met here on Thursday with visiting Tunisian central bank Governor Chadli Al Ayari. Talks during the meeting dealt with More...

By Staff writer On Thursday, February 12th, 2015
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ADIB wins top award for developing UAE national talent

Abu Dhabi Islamic Bank ”ADIB” Abu Dhabi Islamic Bank, ADIB, has received the “Human Resource Development Award” for 2014 from the Emirates Institute of Banking and Financial Studies, EIBFS, More...

By Staff writer On Thursday, February 12th, 2015
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NBAD hosts leading Islamic finance experts to discuss future of Sukuk

NBAD hosts leading Islamic finance experts to discuss future of Sukuk The National Bank of Abu Dhabi (NBAD) and CNBC hosted an international panel of leading Islamic finance experts to discuss the future of Sukuk More...

By Staff writer On Wednesday, February 11th, 2015
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Commercial Bank Announces 2014 Financial Results

Commercial Bank of Qatar The Commercial Bank of Qatar and its subsidiaries and associates announced on Monday its financial results for the year ended Dec. 31, 2014, revealing that it made a net profit of QR 1.94 More...

By Staff writer On Monday, February 9th, 2015
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QIIB Reports QR 826 Million Net Profit for 2014

Qatar International Islamic Bank Qatar International Islamic Bank (QIIB) disclosed its financial results for the full year 2014, showing that it achieved total revenues of QR 1.52 Billion, while its net profit amounted More...

By Staff writer On Friday, February 6th, 2015
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Al Khaliji and CBQ Allot QR 1.26 Billion for Rayyan Road Project

Abdulla Saleh Al Raisi, CEO, Commercial Bank Al Khalij Commercial Bank (al khaliji) and Commercial Bank of Qatar (CBQ) have completed a joint financing deal of QR 1.26 Billion for the QR 3.43 Billion Al Rayyan Road More...

By Staff writer On Thursday, February 5th, 2015
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ADX and NBAD launch Market Making Activity

Rashed Al Balooshi, ADX Chief Executive and The National Bank of Abu Dhabi, NBAD, will operate at the Abu Dhabi Securities Exchange, ADX, as the UAE’s first market maker, ADX said in a statement yesterday. NBAD More...

By Staff writer On Thursday, February 5th, 2015
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Board of Directors of UAE Central Bank holds meeting

Board of Directors of UAE Central Bank holds meeting The Board of Directors of Central Bank of the UAE held its 1st meeting for 2015 yesterday in Abu Dhabi, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman More...

By Staff writer On Thursday, February 5th, 2015
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Emirates Investment Bank reports financial results for the full year 2014

Emirates Investment Bank reports financial results for the full year 2014 Emirates Investment Bank (EIBank) today announced its financial results for the fourth quarter and fiscal year ended 31 December 2014. Financial More...

By Staff writer On Wednesday, February 4th, 2015
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Commercial Bank Leads in a Joint Mandate Club Deal in Excess of QR1Billion

Commercial Bank Leads in a Joint Mandate Club Deal in Excess of QR1Billion Commercial Bank has successfully concluded a financing arrangement of QR 1Billion in extended financing facilities to Joannou & Parakskevaides More...

By Staff writer On Tuesday, February 3rd, 2015
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QNB Ranked Best Bank Brand in The Middle East And Africa For 2015 by Brand Finance

Qatar National Bank Group ”QNB” QNB, “One of the World’s Strongest Banks”, has been confirmed as the most valuable banking brand in The Middle East and Africa according to The Annual Survey More...

By Staff writer On Monday, February 2nd, 2015
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Arab Bank Group Net Profits grow by 15 percent to US$577.2 million in 2014

Arab Bank Group Net Profits grow by 15 percent to US$577.2 million in 2014 Arab Bank Group has reported net profit after tax and provisions of US$577.2 million in 2014, a growth of 15 percent compared to profit More...

By Staff writer On Monday, February 2nd, 2015
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Central Bank of the UAE issues statement on Monetary & Banking Developments

UAE Central Bank The Central Bank of the UAE has announced that the Money Supply aggregate M0 (Currency in Circulation + Cash at Banks) increased by 1. 4%, from AED 73.5 billion at the end of November to AED 74.5 More...

By Staff writer On Monday, February 2nd, 2015
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QNB Group Ordinary General Assembly Approves Agenda

QNB Group Ordinary General Assembly Approves Agenda QNB Group announced that at its ordinary General Assembly held on 1st February 2015, that QNB Group’s Financial Results for the year ended 31st December More...

By Staff writer On Monday, February 2nd, 2015
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Finance Minister Expects a 7% Qatari Economic Growth

Ali Shareef Al Emadi, Minister of Finance HE the Minister of Finance Ali Shareef Al Emadi said Sunday he expected a 7% Qatari economic growth during the year 2015 in addition to the current budget surplus. On the More...

By Staff writer On Sunday, February 1st, 2015
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QNB: How the ECB Learned to Love Quantitative Easing

European Central Bank (ECB) The European Central Bank (ECB) announced an expanded quantitative easing (QE) programme on 22 January. Starting in March 2015, the ECB will buy, on a monthly basis, EUR60bn worth of More...

By Staff writer On Friday, January 30th, 2015
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Commercial Bank of Dubai records 19 percent increase in net profit

Commercial Bank of Dubai records 19 percent increase in net profit Commercial Bank of Dubai’s net profit for the year ended 31st December 2014 increased by 19% to AED1,202.3 million as compared to AED1,010.2 million More...

By Staff writer On Thursday, January 29th, 2015
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NBAD reports record Q4 and Full Year 2014 results

NBAD reports record Q4 and Full Year 2014 results The National Bank of Abu Dhab, NBAD, has reported net profits of AED1.372 billion in Q4, 2014, marginally higher and up 28 percent year-over-year. For the full-year More...

By Staff writer On Thursday, January 29th, 2015
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Stanbic Bank Uganda Limited signs US$ 85 million Syndicated Term Loan Facility in Dubai

Stanbic Bank Uganda Limited Stanbic Bank Uganda Limited, a group company of Standard Bank Group Limited (“SBG”), South Africa, today signed a US$85 million 18-month term loan facility in Dubai. Emirates More...

By Staff writer On Wednesday, January 28th, 2015
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Union National Bank announces record profit of AED 2,021 million for 2014, up by 16%

Union National Bank announces record profit of AED 2,021 million for 2014, up by 16% Union National Bank (UNB) reported another year of record profit with the UNB Group profit being AED 2,021 million for the fiscal More...

By Staff writer On Monday, January 26th, 2015
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Al Khaliji Reports 2014 Net Profit of QR 563 Million and Impressive 24% Growth in Total Assets

Al khaliji (KCBK) Al khaliji (KCBK), in Qatar, released its consolidated financial statements for the year ended 31 December 2014 today with a Net profit of QR 562.9 million for 2014, up from QR 550.9 in 2013. The More...

By Staff writer On Monday, January 26th, 2015
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Dubai Islamic Bank Group profit up by 63 percent

Dubai Islamic Bank Group profit up by 63 percent Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its results for the year ended December More...

By Staff writer On Monday, January 26th, 2015
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FGB announces deal with Dalma Energy

FGB announces deal with Dalma Energy FGB looks to maintain strong growth in 2015 having already closed a USD 313.7 million secured syndication facility on behalf of Dalma Energy. The deal follows recent news that More...

By Staff writer On Monday, January 26th, 2015
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QNB and Qatari Businesswomen Association Sign a Memorandum of Understanding

QNB and Qatari Businesswomen Association Sign a Memorandum of Understanding Qatar National Bank and the Qatari Businesswomen Association (QBWA) signed yesterday a Memorandum of Understanding. The MOU will focus More...

By Staff writer On Friday, January 23rd, 2015
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Mashreq opens E Cube branch in the heart of Karama

Mashreq opens E Cube branch in the heart of Karama In line with the bank’s network expansion strategy, Mashreq has announced the opening of its latest branch located in Karama, offering customers a wide range More...

By Staff writer On Thursday, January 22nd, 2015
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Sharjah Islamic Bank announces 23 percent rise in net profits and proposes 10 percent cash dividend

Sharjah Islamic Bank announces 23 percent rise in net profits and proposes 10 percent cash dividend Sharjah Islamic Bank has announced its 2014 results with net profits reaching AED377.2 million, compared to 307.1 More...

By Staff writer On Wednesday, January 21st, 2015
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Qatar Development Bank Wins Banker Middle East Product Award for “Best SME Loan”

Abdulaziz bin Nasser Al Khalifa, CEO of QDB received the award Qatar Development Bank (QDB) has been awarded “Best SME Loan” by the Banker Middle East Qatar Product Awards 2014, the latest recognition More...

By Staff writer On Wednesday, January 21st, 2015
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NBK posts KD 261.8 mln in 2014 profits

NBK posts KD 261.8 mln in 2014 profits The National Bank of Kuwait (NBK) has reported net profits of KD 261.8 million (USD 894.2 million) for the year 2014 compared with KD 238.1 million (USD 813.3 million) in 2013, More...

By Staff writer On Wednesday, January 21st, 2015
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UAE Central Bank develops Credit Sentiment Survey

Central Bank of the U.A.E. The Central Bank has developed a Credit Sentiment Survey, The Survey, in 2014 Q1 to collect information from all banks and finance companies extending credit within the UAE. The move is More...

By Staff writer On Wednesday, January 21st, 2015
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ADCB appoints head of London Representative Office

David Manson, Head of the ADCB (UK) Representative Office in London Abu Dhabi Commercial Bank, ADCB, today announced the appointment of David Manson as Country Head, UK and Head of the ADCB (UK) Representative Office More...

By Staff writer On Wednesday, January 21st, 2015
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Islamic Development Bank approves close to US $190 million in new development financings

Islamic Development Bank (IDB) The 302nd meeting of the Board of Executive Directors of the Islamic Development Bank (IDB) which started on Sunday, 18 January, 2015, concluded on Tuesday in Jeddah, KSA, approved More...

By Staff writer On Monday, January 19th, 2015
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Emirates NBD announces 2014 results

Emirates NBD announces 2014 results Emirates NBD delivered a strong set of financial results with net profits up 58% to AED5.1 billion in 2014. The strong operating performance was helped by all parts of the business More...

By Staff writer On Wednesday, January 14th, 2015
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QNB Announce 2014 Profits, Recommends 75% Cash Dividend

Qatar National Bank (QNB) Qatar National Bank (QNB) announced Tuesday its financial results for the year ending on December 31, 2014. The bank achieved profits of QR10.5 billion, a 10.3% increase compared with the More...

By Staff writer On Tuesday, January 13th, 2015
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United Arab Bank opens new branch in Dubai

United Arab Bank opens new branch in Dubai United Arab Bank, UAB, has announced the opening of its 12th branch in Dubai on Jumeirah Beach Road, extending its network to 31 locations across the UAE. The new branch More...

By Staff writer On Tuesday, January 13th, 2015
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ADCB Islamic Banking celebrates its 2nd EMSA AED1m Grand Prize Winner

Abu Dhabi Commercial Bank (ADCB) Abu Dhabi Commercial Bank’s, ADCB) Islamic Banking Division today announced the latest winner of its AED1 million grand prize through its Emirati Millionaire Savings Account (EMSA). The More...

By Staff writer On Sunday, January 11th, 2015
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Sharjah Islamic Bank launches new versions of Ruwad and Massar programmes

Sharjah Islamic Bank launches new versions of Ruwad and Massar programmes Sharjah Islamic Bank (SIB), has launched new versions of “Ruwad” and “Massar”, the two career development programmes More...

By Staff writer On Wednesday, January 7th, 2015
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Mizuho Bank becomes first Japanese bank to issue LC for DME from Singapore

Mizuho Bank becomes first Japanese bank to issue LC for DME from Singapore The Tokyo-headquartered Mizuho Bank has become the first Japanese banking entity to be authorized to issue Dubai Mercantile Exchange, DME, More...

By Staff writer On Monday, January 5th, 2015
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ADCB and Abu Dhabi Terminals sign finance agreement at Khalifa Port

Khalifa Port Container Terminal, KPCT, Abu Dhabi Commercial Bank, ADCB, announced today a financing agreement with Abu Dhabi Terminals, ADT, for the development of the Khalifa Port Container Terminal, KPCT, the More...

By Staff writer On Sunday, January 4th, 2015
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Qatar s Non-Hydrocarbon Sector Accounts for Over Half of GDP

Qatar s Non-Hydrocarbon Sector Accounts for Over Half of GDP Qatar National Bank (QNB) Group’s economic analysis said that the non-hydrocarbon sector in Qatar continues to drive economic growth, pushing its More...

By Staff writer On Friday, January 2nd, 2015
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Money supply rises by 2.7 pct in Nov. – CBK

Central Bank of Kuwait The Central Bank of Kuwait (CBK) on Thursday said local money supply (M2) rose by 2.7 percent in November, compared to October, to hit KD 33.7 billion. According to the CBK Economic Research More...

By Staff writer On Thursday, January 1st, 2015
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FGB and LIC International to launch ‘first’ insurance co-branded credit card in the region

First Gulf Bank FGB, one of the leading banks in the UAE, and LIC International, a Joint Venture company of LIC of India, have announced plans to introduce the first co- branded credit card of its kind for their More...

By Staff writer On Wednesday, December 31st, 2014
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NBAD Securities wins Best Brokerage House

NBAD Securities wins Best Brokerage House The National Bank of Abu Dhabi Securities, NBAD Securities, has been selected “Best Brokerage House in the UAE” for 2014 by International Finance Magazine. International More...

By Staff writer On Tuesday, December 30th, 2014
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Kuwait inflation down 3 percent in October

Kuwait inflation down 3 percent in October The inflation in the consumer price index (CPI) eased slightly to 3 percent year-on-year (y/y) in October, as inflation in most components slowed, showed a report by the More...

By Staff writer On Tuesday, December 30th, 2014
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Main currencies stabilize against Kuwaiti dinar

Kuwaiti dinar The exchange rate of the main currencies, namely the US dollar, Euro, Yen, Swiss Franc and the pound sterling were all stable against the Kuwaiti dinar on Monday, compared to yesterday’s exchange More...

By Staff writer On Monday, December 29th, 2014
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QNB Wins Two Prestigious Awards from Ethos Integrated Solutions

Retail Heba Al-Tamimi, QNB Group General-Manager Qatar National Bank (QNB), has won two prestigious awards, “Best Customer Experience – Overall Bank in Qatar”, and “Best Customer Experience More...

By Staff writer On Monday, December 29th, 2014
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EDB discusses action plan 2015

EDB discusses action plan 2015 The Emirates Development Bank (EDB) has met to discuss its action plan for 2015. Khalid Mohammed Belami, EDB Chairman, said the action plan 2015 will launch the bank’s products More...

By Staff writer On Sunday, December 28th, 2014
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The Ruble Rubble May Spell Further Trouble: QNB

The Ruble Rubble May Spell Further Trouble: QNB The weekly analysis of Qatar National Bank (QNB) Group said that the Capital flight from developing economies has accelerated, most spectacularly from Russia. A toxic More...

By Staff writer On Thursday, December 25th, 2014
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UAE Central Bank holds 9th meeting for 2014

UAE Central Bank The Board of Directors of the Central Bank of the UAE has held its 9th meeting for 2014, in Abu Dhabi, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board. The board reviewed More...

By Staff writer On Wednesday, December 24th, 2014
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KCB offers housing loans worth KD 22mln in November

KCB offers housing loans worth KD 22mln in November The Kuwait Credit Bank (KCB) (formerly the Kuwait Credit and Savings Bank) announced Tuesday that it offered 535 housing loans in November at a total cost of KD More...

By Staff writer On Monday, December 22nd, 2014
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Sharjah Islamic Bank upgrades telephone banking

Sharjah Islamic Bank upgrades telephone banking Sharjah Islamic Bank, SIB, has launched a diverse package of valuable phone banking services available in three languages; Arabic, English, and Urdu, through its dedicated More...

By Staff writer On Friday, December 19th, 2014
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ADIB named Best Bank in the UAE and Best Islamic Retail Bank Globally

ADIB named Best Bank in the UAE and Best Islamic Retail Bank Globally Abu Dhabi Islamic Bank, ADIB, has been named “Best Bank in the UAE” at The Banker 2014 awards, in recognition of its financial performance, More...

By Staff writer On Thursday, December 18th, 2014
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Dubai Islamic Bank wins two accolades at the Islamic Business and Finance Awards 2014

Dubai Islamic Bank Dubai Islamic Bank, DIB, the largest Islamic Bank in the UAE, has been recognised as the Best Regional Commercial Bank – Middle East at the Islamic Business and Finance Awards 2014. The bank’s More...

By Staff writer On Wednesday, December 17th, 2014
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Central Bank organises workshop on FATCA

UAE Central Bank The Central Bank of the UAE organized a workshop on the US Foreign Account Tax Compliance Act (FATCA), to which banks and other financial institutions in the UAE were invited, on Monday, 15 December More...

By Staff writer On Tuesday, December 16th, 2014
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ADIB provides AED 1 billion finance facility to Baniyas Investment & Development Company

ADIB provides AED 1 billion finance facility to Baniyas Investment & Development Company Abu Dhabi Islamic Bank, ADIB, a top-tier Islamic financial services group, has finalised a AED1 billion finance facility More...

By Staff writer On Tuesday, December 16th, 2014
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NBAD Sukuk Income Fund delivers 2.33 per cent dividends

NBAD Sukuk Income Fund delivers 2.33 per cent dividends The National Bank of Abu Dhabi NBAD’s Sukuk Income Fund, has earned a total income of USD 798,923.60 which is equivalent to 2.33 per cent of the Net Asset More...

By Staff writer On Monday, December 15th, 2014
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ADIB named Best Bank for customer experience in GCC

Abu Dhabi Islamic Bank ”ADIB” The Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has been named the GCC’s “Best Overall Bank” in Customer Experience at More...

By Staff writer On Sunday, December 14th, 2014
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United Arab Bank opens three new branches in Dubai

United Arab Bank opens three new branches in Dubai United Arab Bank (UAB), has opened three new branches in Dubai, bringing its total number of branches in the UAE to 30. A ribbon cutting ceremony, led by Tony More...

By Staff writer On Saturday, December 13th, 2014
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Qatar Central Bank: Close Monitoring, Wise Financial Policies

Qatar Central Bank: Close Monitoring, Wise Financial Policies Qatar Central Bank has made many achievements that proves the strength of its performance, with regard to the stability of the Qatari Riyal exchange More...

By Staff writer On Friday, December 12th, 2014
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Nakheel makes AED220 million Sukuk profit payment

Nakheel makes AED220 million Sukuk profit payment Dubai developer Nakheel today confirmed a profit payment of AED220 million on its trade creditor Sukuk. Instructions have been sent to Deutsche Bank, the registrar More...

By Staff writer On Monday, December 8th, 2014
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Noor Bank ranked Top Commercial Islamic Bank in GCC

Noor Bank ranked Top Commercial Islamic Bank in GCC The Banker, a UK-based magazine, has named Noor Bank the fastest growing Islamic commercial bank in the GCC for 2013 on the basis of pre-tax profit growth. Noor’s More...

By Staff writer On Monday, December 8th, 2014
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Sharjah Islamic Bank awarded quality assurance certification for internal audit activities

Sharjah Islamic Bank awarded quality assurance certification for internal audit activities Sharjah Islamic Bank was awarded the Quality Assurance Certification by the Institute of International Auditors (IIA), USA More...

By Staff writer On Wednesday, December 3rd, 2014
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USD stable against Kuwaiti dinar at KD 0.291

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar in Tuesday’s trading at KD 0.291 while the euro went up to KD 0.363, compared with Monday’s rates. The sterling pound exchange More...

By Staff writer On Tuesday, December 2nd, 2014
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QNB Recognized as Best Bank in Qatar and Middle East in 2014

QNB Recognized as Best Bank in Qatar and Middle East in 2014 QNB has received Best Bank of the year in Qatar and Best Bank of the year in the Middle East awards from Banker Magazine for the fourth year in a row. The More...

By Staff writer On Tuesday, December 2nd, 2014
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IDB approves financing development projects with more than USD 566 mln

Islamic Development Bank (IDB) Through allocating more than USD 566 millions, the Islamic Development Bank (IDB) approved on Monday financing of new development projects covering energy, roads, water, petrochemical More...

By Staff writer On Tuesday, December 2nd, 2014
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National Bank of Fujairah bolsters commitment to UAE’s Emiratisation efforts

National Bank of Fujairah bolsters commitment to UAE’s Emiratisation efforts National Bank of Fujairah, NBF, has announced that thirteen UAE Nationals have joined the fifth edition of its Management Trainee Programme, More...

By Staff writer On Monday, December 1st, 2014
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UAE Central Bank: MENAFATF approves UAE 7th Follow-up Report

Central Bank, U.A.E. The Central Bank of the UAE has announced that the Middle East and North Africa Financial Action Task Force, MENAFATF, consisting of 18 members of Arab states and 15 Observers among them US, More...

By Staff writer On Sunday, November 30th, 2014
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QNB Group: Lower Oil Prices Change the Risk Profile in Emerging Markets

QNB Group: Lower Oil Prices Change the Risk Profile in Emerging Markets The recent drop in oil prices is changing the risk profile of Emerging Markets (EMs). Significant adjustments to global financial markets in More...

By Staff writer On Friday, November 28th, 2014
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US dollar stable at KD 0.291 against Kuwaiti dinar

US dollar, Kuwaiti dinar The exchange rate of the US dollars against the Kuwaiti dinar was stable at KD 0.291 on Thursday, the same with the euro at KD 0.363, compared to yesterday’s exchange rates. The Central More...

By Staff writer On Tuesday, November 25th, 2014
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QCB Governor Reaffirms Strength of Qatar’s Banking Sector

HE Sheikh Abdullah bin Saud Al-Thani , Governor of Qatar Central Bank (QCB) Qatar’s banking sector has performed superbly despite challenges facing the global financial sector, Qatar Central Bank (QCB) Governor More...

By Staff writer On Monday, November 24th, 2014
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QDB Partner Banks Fund 25 Projects With QR 130 Million in 2014

Abdulaziz bin Nasser Al Khalifa, QDC CEO Qatar Development Bank (QDB) Sunday said its Al Dhameen indirect lending (guarantees) has funded 25 projects in 2014 for a total value of QR 130 Million through partner banks. Overall More...

By Staff writer On Sunday, November 23rd, 2014
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QNB Financial Services Issues Monthly Banking Sector Report

QNB, Monthly Banking Sector Report The monthly report for Qatar National Bank (QNB) Financial Services for the Qatari banking sector, showed that total bank lending fell in the month of October 2014 by 2 percent More...

By Staff writer On Sunday, November 23rd, 2014
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Barwa Bank Net Profit Rises by 43% in 3Q of 2014

Barwa Bank Net Profit Rises by 43% in 3Q of 2014 Barwa Bank has announced its financial results for the third quarter of 2014. The results show an increase in the bank’s net profit by 43% to reach QAR 641mn More...

By Staff writer On Thursday, November 20th, 2014
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ADIB named Islamic Bank of the Year by IFLR

Abu Dhabi Islamic Bank ”ADIB” Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has received the prestigious ‘Islamic Bank of the Year 2014’ award for the 2nd consecutive More...

By Staff writer On Wednesday, November 19th, 2014
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FGB completes financing deal for Emirates airline’s 100th Boeing 777-300ER

Emirates Airline, Boeing 777-300ER First Gulf Bank, FGB, one of the leading banks in the UAE, has finalised an AED1.1 billion club finance lease funding package on behalf of Emirates Airline, for the acquisition More...

By Staff writer On Wednesday, November 19th, 2014
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Mashreq Emiratisation on track with ambitious plans for nationals

Mashreq Emiratisation on track with ambitious plans for nationals Mashreq is supporting Emiratisation, through its various activities and initiatives. The variety of training and mentoring programmes at Mashreq More...

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