Emirates Islamic Bank announces winner of Dh1m
Emirates Islamic bank announced this week the lucky winner of its monthly Kunooz Savings Account draw. Hanim Mustafa Mohamed,…
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NBF’s nine-month net profit up 15.1% to Dh462.1m
National Bank of Fujairah reported a net profit of Dh462.1 million for the first nine months of 2018, up 15.1…
Saudi Arabia will not penalize banks that boycotted conference: central bank chief
Saudi Arabia’s central bank governor said the kingdom will not penalise foreign banks that boycotted an investment conference in Riyadh…
Dubai firm owner tries to swindle Dh5m from business partner
A firm owner allegedly tried to swindle Dh5 million from his buisness partner, a Dubai court has heard. The…
Global banks to play major role in Saudi capital markets development, HSBC exec says
Banks will play a major role in the capital markets of developing economies, including Saudi Arabia, where bond and equity…
Mohammed bin Rashid Fund and RAKBANK reaffirm partnership
Bank also opens its first Emirati Business Centre at Al Quoz Branch The Mohammed Bin Rashid Fund of Dubai…
2 men try to steal boxes of gold from UAE Central Bank
Two men, who were convicted of trying to steal five gold boxes from the UAE Central Bank using forged documents,…
Abu Dhabi's Mubadala hires banks to arrange 10-year dollar bond
Abu Dhabi’s state investment fund Mubadala Development Company has hired banks to arrange a series of fixed-income investor calls ahead…
Dubai is Mena powerhouse
Dubai has retained its top position in the Mena region among the world's top 44 powerful cities in terms of…
Commercial Bank’s nine-month net profit jumps 386%
In a clear testament to the successful execution of its five-year strategic plan, Commercial Bank posted a nine-month net profit…
Saxo Bank launches new highly competitive pricing structure in Mena region
To support multi-asset trading and grow market share, Saxo Bank A/S introduced new aggressive pricing structure in the Mena region.…
Turkey: Central bank to hold rates – ABN AMRO
Nora Neuteboom, Economist at ABN AMRO, explains that Turkey’s recently released data, such as the PMI, consumer confidence and industrial…