Friday 22 September 2017
 
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Citi

Why the impact of latest spat may be more serious for Qatar

The latest diplomatic spat with its neighbours may have considerable economic and financial impact on Qatar in the long term, a Citi Research note said.   The governments of Saudi Arabia, Bahrain, UAE, Yemen and

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Oman fund raises $600m loan for subsidiary

Oman Investment Fund (OIF) has closed the syndication of $600 million of conventional and Islamic facilities for its wholly owned subsidiary United Telecommunication Limited (UTL). The proceeds of the transaction were used towards

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Saudi Arabia picks arrangers for $10bn bond

Saudi Arabia has chosen Citigroup, HSBC and JP Morgan to arrange its highly anticipated sovereign bond issue, two sources with knowledge of the matter said on Sunday. Banks had pitched for roles on the transaction earlier this mon

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Citi drops out of $1.5bn financing of Americana sale

Citigroup has dropped out of the group of banks providing a $1.5 billion bridge loan to Gulf-based Adeptio for its proposed purchase of a majority stake in Kuwait Food Company (Americana), three sources aware of the matter said. T

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Citibank Bahrain wins major EMEA awards

EMEA Finance magazine has named Citi Best Foreign Investment Bank for the fifth year in a row and Best Foreign Bank for the third consecutive year in Bahrain as part of the magazine’s Middle East Banking Awards 2015, reported the Gulf

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Etihad signs Citi as international bank partner

Etihad Airways, the national airline of the UAE, has announced an enhanced agreement with Citi as its international cash management bank partner.   The new mandate, covering Etihad Airways' worldwide operations outside the

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Citi names new CEO for UAE

Citi, a leading global bank, has appointed Elissar Farah Antonios as chief executive officer of Citi UAE. Antonios comes from Citi Lebanon where she has been the bank’s CEO since 2012.   Antonios is a seas

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Injaz, Citi extend partnership

Injaz Al-Arab, a member of JA Worldwide, and Citi Foundation, Citi’s social investment arm, will renew their partnership to foster entrepreneurship among Arab youth. The partnership will support two Injaz Al-Arab programmes -- The

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Citi Bahrain launches call centre

A Citi Bahrain call centre that employs 87 Bahrainis has been inaugurated by Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj. The inauguration event was hosted by Citi chief executive for Middle East and Africa Atiq Rehman and Citi Bah

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Citi raises minimum balance for new UAE clients

Citigroup has raised the minimum monthly average account balance new retail customers in the UAE must hold to Dh35,000 ($9,529), it said on Thursday. Like many banks in the country, Citigroup has been focusing on attracting wealth

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