Tuesday 19 March 2019

Al Baraka-Bahrain to cease ops at key branch

Al Baraka Islamic Bank (Al Baraka – Bahrain) said that its Diplomatic Area branch will no longer be operating with effect from April 18, in line with its strategy to expand its presence in the digital banking sphere. In order to provide significantly more services to its cu


BAB holds general assembly meeting

The Bahrain Association of Banks (BAB) held its regular General Assembly Meeting in which members approved the agenda, financial statements and the Board of Directors' report for 2018. Adnan Ahmed Yousif, chairman of BAB, started the meeting by stressing that BAB has made gre


Brexit has done serious damage to UK's finance, says expert

Whatever happens next, Brexit has inflicted unprecedented damage on UK’s financial services industry, which makes up about 6.5 per cent of Britain’s GDP.   This is the warning from Nigel Green, the founder and CEO of deVere Group, one of the world’s largest


Alternative investments 'now critical for investors'

A 60/40 allocation to equities and bonds is no longer likely to be enough to offer investors the outcomes and diversification required to reach their long-term objectives and alternative investments are increasingly critical to the investor’s portfolio, according to analysts.


Emirates Islamic named most innovative Islamic bank

Emirates Islamic, the leading Islamic financial institution in the UAE, was recently awarded ‘Most Innovative Islamic Bank’ by Islamic Finance News at a ceremony held in Dubai. The Islamic Finance News Awards honour the best in the global Islamic financial industry an


Over 300 executives attend StanChart summit

More than 300 regional and global C-suite executives attended the third edition of the annual Middle East Summit hosted recently by Standard Chartered in Dubai, UAE. Held under the theme of “Fighting the Current”, the flagship event was held exclusively for Standard C


Saudi inclusion to FTSE Russell, S&P DJI begins

The first phase of Saudi Stock Exchange’s (Tadawul) inclusion into the FTSE Russell and S&P Dow Jones Indices (S&P DJI), both leading providers of global equity indexes, has commenced today (March 18). FTSE Russell Emerging Markets Inclusion Inclusion


Mashreq Bank to participate in Careers UAE

Mashreq Bank, a leading financial institution in the UAE, said it will participate as an exhibitor at the Careers UAE 2019, a major job fair taking place at the Dubai World Trade Centre from March 19 to 21. This marks the 19thconsecutive year which Mashreq has participated in the


BAB to celebrate centenary of Bahrain banking sector

The Bahrain Association of Banks (BAB) will hold the 100th anniversary of the banking sector in the kingdom on September 11.    The celebration, under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, marks the establi


Ban on insider trading takes effect in UAE

A ban on the insiders' trading at public shareholding companies listed in the UAE capital markets took effect on March 17, in compliance with the applicable regulations and rules, a media report said. The Abu Dhabi and Dubai Financial Markets called on listed shareholding com

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