banking

  • HBMSU’s Dubai Center for Islamic Banking and Finance launches extensive Takaful report at 3rd Global Islamic Economic Summit in Dubai

     The Dubai Center for Islamic Banking and Finance (DCIBF), a joint initiative of Hamdan Bin Mohammed Smart University (HBMSU) and ‘Dubai the Capital of Islamic Economy’, released an extensive report entitled Takaful: Global Challenges to Growth Performance and Governance’ during the 2015 Global Islamic Economic Summit in Dubai. The event, which has held under the patronage of H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ran from October 5 to 6, 2015 at the Madinat Jumeirah.

  • HE Abdul Aziz Al Ghurair Named Middle East Banker of the Year

    HE Abdulaziz Al Ghurair, Chairman of the UAE Banks Federation and CEO of Mashreqbank, has received the award of Middle East Banker of the Year from the Union of Arab Banks.  The award was presented to HE Al Ghurair at the UAB International Banking Summit 2016 in Rome - Italy, held under the patronage of the Prime Minister of Italy, H.E. Mr. Matteo Renzi, and in the presence of prominent political and banking figures from all over the world.

  • Heads of UAE Banks Federation’s 17 committees gather for annual meeting

    Senior executives and industry thought leaders elected to chair key committees functioning under the UAE Banks Federation recently convened for their annual meeting at Viceroy Abu Dhabi to explore the key organization-specific and industry-wide economic prospects, initiatives and achievements of the year. The Chairpersons, who represent 17 multi-disciplinary verticals of the banking sector, also laid out their plans and priorities for 2017 as the year comes to a close.

  • How will the US election affect equity markets?

    What can we say about equities and the US election? It is very easy or very difficult to predict what is going to happen. If we step back for a minute looking at all the various research on this topic it’s very clear that there are no significant statistics on what will happen with the US equity market depending on who wins the US Presidential elections. What’s more important is that whether we have a divided congress or a clear congress it doesn’t even have any statistical significance. Is this just noise or what is it?

  • HSBC Bank Middle East Limited completes transfer to the Dubai International Financial Centre

    HSBC Bank Middle East Limited (‘HBME’) confirms it has transferred its place of incorporation and head office from Jersey to the Dubai International Financial Centre (the “DIFC”) effective today, 30 June 2016. 

  • ICDL & HSBC launch Summer Camp groups to reinforce digital literacy of UAE’s underprivileged children

    ICDL Arabia, the governing body and certification authority of the ICDL certificate program in Egypt, GCC States and Iraq, and HSBC Bank Middle East Limited, the leading global financial services organization, have collaborated for the fourth consecutive year to train 114 children from Dubai and Sharjah on fundamental digital skills and cyber safety knowledge and offer them international certification on the same. The latest edition of the ICDL Summer Camps will empower underprivileged youth with essential computer skills and cyber safety, enabling them to earn international certificates on the same.

  • ICICI Securities and Saxo Bank announce new partnership

    ICICI Securities Ltd, a subsidiary of ICICI Bank and India’s leading integrated financial services firm and Saxo Bank, the online multi-asset trading and investment specialist, today announce a strategic partnership to offer Saxo’s trading and investment capabilities via a digital platform to Indian Investors.

  • IDB Infrastructure Fund II invests in AVIVO Group to help expand the geographic footprint of the platform

    AVIVO Group (“AVIVO”), one of the largest healthcare networks in the GCC, with 32 healthcare facilities in the region, is pleased to announce its partnership with IDB Infrastructure Fund II (the “Fund”), sponsored by the Islamic Development Bank and other institutional investors. The Fund has completed a significant investment in AVIVO to help expand AVIVO’s healthcare platform regionally.

  • Initiatives to promote the country’s real estate sector and boost financing for SMEs

    The CEOs Advisory Council of the UAE Banks Federation (UBF) hosted its third meeting this year in Dubai today (September 19, 2018) to discuss the latest developments in the banking sector in the UAE and outline the federation’s priorities in line with the national agenda to stimulate the country’s economy. Chaired by H.E. Abdul Aziz Al Ghurair, Chairman of UBF, the meeting explored initiatives to promote the local real estate sector and boost financing for small and medium enterprises (SMEs).

  • International Financial Corporation Invests in Gulf Capital’s Second $250 million Private Debt Fund to Provide Growth Capital across the Middle East, Turkey and Africa

    Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, announced today that the International Financial Corporation (“IFC”) has invested US$25 million in its second Private Debt fund, GC Credit Opportunities Fund II (the “Fund”). The IFC is a member of the World Bank Group and is considered the largest global development institution focused exclusively on the private sector in developing countries. The Fund held a first closing in January 2016 and targets a final close of US$250 million (AED 925 million) by the end of the year. The Fund’s total commitments have surpassed its predecessor, together making Gulf Capital the largest private debt player in the Middle East, which in itself is a significant achievement.

  • INTERNATIONAL ISLAMIC TRADE FINANCE CORPORATION SIGNS SIX HIGH-LEVEL TRADE AGREEMENTS OVER US$1.1BN

    The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has signed six major Trade Financing and Development Agreements worth in excess of US$1.1 Billion with Organisation of Islamic Cooperation (OIC) member countries including the Commonwealth of Independent States (CIS), MENA, South America and Sub-Saharan Africa regions. The agreements were signed at the 44th IsDB Annual Meeting in Marrakech earlier this month.

  • Intesa Sanpaolo expands corporate & investment banking in the UAE and Qatar

    Intesa Sanpaolo continues to strengthen its growing international network and increase its presence in the Arabian Gulf with the establishment of two new branches in Abu Dhabi, United Arab Emirates and Doha, Qatar.

  • IRAQI DEPUTY PRIME MINISTER AND TBI LAUNCH FIRST IRAQI BANK BRANCH IN SAUDI ARABIA

    The first Iraqi bank to open a branch in Saudi Arabia was officially opened today by His Excellency Dr. Fuad Hussein, Deputy Prime Minister and Finance Minister of Iraq.

    The wholly government-owned bank, which holds 80% market share in Iraq, has opened its first international branch office in Al-'Olayya District of Riyadh and will start its operations soon.

  • Islamic Retail Banking Awards to Celebrate the Success Story of Islamic Retail Banking

    With an aim to celebrate the achievements and to recognize the contribution of individuals and institutions in the Islamic retail banking and finance industry, Cambridge IF Analytica is organizing and hosting the Islamic Retail Banking Awards 2016 on November 28, 2016 at Dusit Thani Hotel in Dubai. The award ceremony will take place at the conclusion of the first day of the 8th edition of World Islamic Retail Banking Conference (WIRBC).

  • ITFC, Afreximbankjoin Efforts to Support African Trade with $100 Million and €50 Million MurabahaPartnership Agreements

    The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-MillionMurabahaagreement with the aim of facilitating and financing exports amongst African countries and between Africa and the rest of the world.

  • J.P. MORGAN NAMES SENIOR EXPERT TO JOIN THE MIDDLE EAST AND NORTH AFRICA WEALTH MANAGEMENT TEAM

    J.P. Morgan Private Bank today announced the appointment of Adrian Jossa as Executive Director and senior Banker to the Middle East and North Africa team. Mr. Jossa will lead on new client acquisitions across the MENA region, while providing wealth management advice and solutions that address the sophisticated financial needs of clients across the region.

  • JS Bank strengthens its GCC business with the opening of a new branch in Bahrain

    Pakistan-based JS Bank has officially opened its first branch office outside of its home country, in the Kingdom of Bahrain, targeting the GCC, and eventually the wider Middle East and North Africa (MENA). The announcement follows the awarding of a wholesale conventional banking license to JS Bank by the Central Bank of Bahrain (CBB) last year. As the eighth licensed Pakistani wholesale bank in Bahrain, JS Bank will serve regional businesses with interests in Pakistan, non-resident Pakistani expatriates, other Pakistani banks without overseas branches, and Pakistani government entities. Its service offerings include trade finance, treasury, institutional banking, corporate banking, and private banking & wealth management.

  • KPMG’s 2017 banking perspectives focuses on getting the balance right

    In its annual collection of perspectives on the UAE’s banking sector, KPMG, a leading global audit, tax and advisory firm that has been established in the UAE for over 40 years, says banks need to ask themselves some fundamental questions about their desired culture and values and how these are reflected across all levels of their organizations.

  • Liv. completes successful first year

    Liv., the lifestyle digital bank by Emirates NBD for millennials has completed its first successful year of operations.

  • Malabar Gold & Diamonds partners with NBF for the second NBF Fujairah Run

    The National Bank of Fujairah PJSC (NBF) has secured sponsorship from Malabar Gold & Diamonds for the second year running, significantly strengthening the offering and profile of this year’s NBF Fujairah Run, which is taking place on Friday 23rd November.