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KFH-Bahrain wins top award for merger roleKuwait Finance House - Bahrain received the Best Investment Advisory Service 2013 Award from CPI Financial for its role as the lead and transaction adviser for the three-way bank merger in Bahrain that was completed last December. KFH-Bahrain, since late 2011, worked as lead and More… |
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Tough time ahead for Arab Spring nationsArab spring countries face rising social tensions that could thwart an early economic recovery from over two years of political turmoil that has worsened fiscal pressures and threatens macroeconomic stability, a senior IMF official said. &nbs More… |
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ADS Securities inks deal with Tunes GroupAbu Dhabi-based brokerage and financial services trading company ADS Securities said it signed a MoU with Asian conglomerate Tune Group that will pave the way for a proposed collaboration to develop a number of business opportunities in relation to innovative fo More… |
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EMP expands Iraq card operationsEmerging Markets Payments (EMP), a leading electronic payments processing company in the Middle East and Africa region, has signed an agreement with Horizon Scope to promote its third party card processing services to banks in Iraq. Horizon Scope is a subsidiary of ARCHS Group an More… |
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Dubai ICD planning to boost $2bn loanInvestment Corp-oration of Dubai (ICD), the holding company for some of the emirate's best-known companies, may increase the size of a $2 billion loan after significant interest in the deal from lenders, banking sources said. Strong demand for the loan is a sign of renewed co More… |
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CEO-elect of fraud-hit Rakbank quitsThe proposed new chief executive of National Bank of Ras al-Khaimah (Rakbank), one of two banks which earlier this month were named as victims of a massive global bank card fraud, has quit, two sources within the bank said. Ian Larkin was due to replace the Abu Dhabi-listed lende More… |
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Saudi foreign assets hit record $668.2bnSaudi Arabia central bank's net foreign assets surged to a record high of SR2.51 trillion ($668.2 billion) in April, the official data showed. The kingdom's M3 money supply growth too accelerated to 14.1 per cent year-on-year at the end of April, the fastest rate since October More… |
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Major trade success for BBK BrokerageBBK Brokerage Services, a division of BBK, has announced it successfully executed one of the largest trades on Bahrain Bourse. BBK Brokerage Services represented its institutional client in the selling side for the total of 484,076,411 ordinary shares of Bahrain Islamic Bank (Bis More… |
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NBAD raises convertible bond issue to $465mNational Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, has increased its convertible bond offering to $465 million following high demand from investors for a rare convertible from the Gulf region. The bank announced earlier on Thursday it would market a More… |
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Mashreq to enhance mobile banking appUAE-based Mashreq, a leading financial institution, plans to launch an enhanced version of its mobile banking app, which will be made available to customers on Blackberry10 and Windows8 and tablet based platforms. The current version of the app is available on Apple and Android p More… |
