Thursday 26 April 2018

Emirates Islamic named best personal finance provider

Emirates Islamic, a leading financial institutions in the UAE, has been recognised for the second consecutive year as the ‘Islamic Personal Finance Provider of the Year’ by over 5,000 users of YallaCompare, a top financial comparison site in the Middle East at its banking awards pro


Network International launches consumer spend index

Network International, a leading payment solutions provider in MEA, has launched the Network Index of Consumer Spend (NICS), the first-of-its-kind cards spending index that tracks changes in consumer card spending in the UAE on a quarterly basis.  The index was launched with


Murabaha financing facility signed for AlBarakaTürk

A $245 million and Euro 60 million syndicated murabaha financing facility was recently signed for AlBarakaTürk, a leading bank in Turkey. Arab Banking Corporation, Dubai Islamic Bank, Emirates NBD Capital, Mashreqbank, Noor Bank, Sharjah Islamic Bank and Standard Chartered B


ENBD Saudi Equity Fund returns top 18pc YTD

Emirates NBD Asset Management reported that the Emirates NBD Saudi Arabia Equity Fund has returned more than 18 per cent year to date (YTD) and grown to a size of over $30 million since launching in December 2017.  The sub-fund is available to investors through Emirates NBD


Saxo Bank launches new trading platform

Saxo Bank, a leading fintech specialist focused on multi-asset trading and investment, has expanded its regional offering with the Mena launch of SaxoTraderPRO,a new trading platform for active traders and institutional clients. Offering a unique combination of feature-rich tradi


80pc of UAE residents recommend their bank: study

About 80.7 per cent of UAE residents would recommend their bank to others, while 76.4 per cent would recommend their car insurer to others, according to a survey conducted by yallacompare, a leading comparison site in the Middle East. The survey, conducted as part of the yallacom


DIEDC partners with Nasdaq Dubai to develop new initiatives

Dubai Islamic Economy Development Centre (DIEDC) has announced collaboration with Nasdaq Dubai to design and implement new initiatives that complement the emirate’s success in emerging as a leading global sukuk-listing hub. The announcement was made at a session to present


Emirates NBD chairman honours senior staff

Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Emirates NBD, a top bank in the region, recently recognised 60 employees who completed 25 years of continuous service at a ceremony held at the Emirates NBD headquarters in Dubai, UAE. Attended by members of Board and members of the


BENEFIT partners with BIBF for training programmes

The BENEFIT Company, Bahrain’s electronic network for financial transactions, has signed an agreement with the Bahrain Institute of Banking and Finance (BIBF), for training, qualifications and capacity-building programmes. The BENEFIT Company, Bahrain’s electronic net


UAE top wealth management location for HNWIs

The UAE’s tax efficient system and sustainable economic model make it the most attractive wealth management destination for High Net-Worth Individuals (HNWIs) in the GCC, said Emirates Investment Bank (EIBank) in a new report. The2018 edition of the bank’s annual &ldq

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