Wednesday 2 September 2015
 
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UGB appoints acting chief executive officer

United Gulf Bank has appointed Hussain Lalani as its acting chief executive officer.   Lalani, who is currently the chief financial officer, has been with the bank since 2002, said a statement.  

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Apollo Tyres expands ManU partnership to 129 countries

Leading tyre maker Apollo Tyres has extended its association with the Manchester United Football Club to the whole of Africa, Malaysia, Vietnam, Singapore, Cambodia, Laos, Myanmar and Brunei.   This is in additio

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$125m term loan facilty launched for United Arab Bank

United Arab Bank has mandated Arab Banking Corporation (Bank ABC) as initial mandated lead arranger and bookrunner to arrange on its behalf a $125 million syndicated term loan facility.   The facility, which will

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GCC nations stand united against terror

The security of GCC nations is indivisible, the interior ministers said last night, vowing to stand united against the scourge of terrorism. The ministers urged improved joint action to strengthen security and stability in GCC cou

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Ahli United prices maiden $400m issue of securities

Following successful fixed income investor meetings in Asia, the Middle East and Europe, Ahli United Bank (AUB), has priced its maiden issue of dollar perpetual additional tier 1 securities at a competitive coupon of 6.875 per cent per annum.

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Ahli United plans to raise $4bn in financial instruments

Bahrain-based Ahli United Bank (AUB) Group may raise $4 billion in bonds, loans or any other similar subordinated financial instruments, following shareholder approval for the proposal, it has emerged. The election of Hamad Al Hum

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Bank Nizwa aims for merger with United Finance

Omani Islamic lender Bank Nizwa hopes to complete a merger with United Finance Co this year as it aims for faster growth in the country's crowded banking sector, the bank's chief executive told Reuters. The potential deal

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United Gulf 'key to enhance development'

A united and stable Gulf is crucial to enhance its development, Bahrain’s Premier said yesterday (January 18). His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa affirmed that achieving peace, security an

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CBRE named leasing agent for United Tower in Bahrain

Leading real estate consulting firm CBRE has been appointed by Cooperation Investment House as the exclusive leasing agent for the United Tower, a key project in Bahrain Bay, a master-planned project in the heart of Bahrain's capital.

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Bank robbed by armed men in Bahrain

Armed robbers fled with thousands of dinars from Ahli United Bank in Bahrain yesterday (November 16), 17 hours after a money exchange company was targeted in a hold-up during which a security guard was shot three times. The uniden

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