Friday 28 November 2014
 
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Commercial Bank

Top Qatar banks to raise $1bn in bonds

Commercial Bank of Qatar (CBQK) and Doha Bank (DHBK) announced that they will be raising QR2 billion ($548.7 million) each in Tier 1 bonds to improve their capital adequacy ratios (CARs), a report said. The bonds will also provide

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Commercial Bank posts $281m net profit in H1

Commercial Bank of Qatar has delivered a net profit of QR1.024 billion ($281 million) for the first half-year ended June 30, up 1 per cent against the same period in 2012. Net profit for the second quarter was up by 2.5 per cent t

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QNB raises stake in UAE Commercial Bank

Qatar’s QNB Group has completed an increase in its stake in the UAE based Commercial Bank International (CBI) to 40 per cent, in line with the bank’s expansion strategy in the Middle East and Africa. CBI operates a net

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CBI launches Emirati training programme

Commercial Bank International (CBI), a leading bank in the UAE, has launched its Emiratisation training programme with the enrolment of more than 25 Emirati students. CBI Al Ajial (new generation) programme has been developed by the bank t

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Commercial Bank names new CEO

Commercial Bank International (CBI), a leading bank in the UAE, has appointed Kris Babicci as the chief executive officer. Babicci has 35 years of experience in the financial markets, including as the CEO of Bank Dhofar in Oman and Standar

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Commercial Bank names new board

Commercial Bank International (CBI), a leading bank in the UAE, recently appointed its new board of directors (BOD) at its assembly general meeting held in Ras Al Khaimah. The BOD elected Mohamed Sultan Al Qadi as chairman of the board, Al

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Egypt's CIB profit jumps 25pc to $311m

Egypt's Commercial International Bank (CIB) said consolidated net profit for 2009 rose to 1,709.8 million Egyptian pounds ($311.4 million) from 1,365.4 million pounds in 2008. Net loans and overdrafts at CIB, Egypt's No 1 private b

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DED, CBD to offer e-payment option

The Dubai Department of Economic Development (DED) and Commercial Bank of Dubai (CBD) have signed a co-operation agreement to give customers the option of paying fees electronically. This initiative aims at enhancing productivity, ensuring

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Stable outlook for Kuwait bank

Fitch Ratings on Monday affirmed Commercial Bank of Kuwait's (CBK's) long-term issuer default rating (IDR) at 'A+' with stable outlook. At the same time, its individual rating has been downgraded to 'C/D' from 'C'. Fitch has also affirmed

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S&P revises CBQ rating

Standard & Poor's Ratings Services has revised its outlook on The Commercial Bank of Qatar to stable from positive reflecting a tougher operating environment. It has affirmed its 'A-/A-2' ratings on the bank. "With the outlook

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