Wednesday 1 July 2015
 
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Saudi liquidity holds up in May over stable oil

Saudi Arabia’s domestic liquidity held up in May, helped by the stabilization in oil prices, at the cost of continued expansionary fiscal policy, a report said. M3 growth was 10.4 per cent year-on-year (yoy) in May, increasi

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India's push to offer banking for all stumbles on empty accounts

More than half of a record 160 million accounts opened in India as part of a drive to offer banking to all are still empty, illustrating the massive task ahead for one of the government's most high-profile campaigns and the strain on banks.

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UAE banks urged to invest heavily in financial technologies

UAE banks and financial institutions are being told that they must continue to invest heavily in the latest financial technologies in order to keep their competitive edge. This will be the focus of Abtec, a premier international p

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UAE banks urged to invest heavily in financial technologies

UAE banks and financial institutions are being told that they must continue to invest heavily in the latest financial technologies in order to keep their competitive edge. This will be the focus of Abtec, a premier international p

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Drake & Scull eyes dollar sukuk issue

Dubai's Drake & Scull has mandated five banks to arrange a series of fixed income investor meetings starting on Thursday for a potential issue of perpetual US dollar sukuk, it said on Tuesday. Emirates NBD and HSBC have be

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Drake & Scull eyes dollar sukuk issue

Dubai's Drake & Scull has mandated five banks to arrange a series of fixed income investor meetings starting on Thursday for a potential issue of perpetual US dollar sukuk, it said on Tuesday. Emirates NBD and HSBC have be

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Global banks admit guilt in FX probe, fined $6bn

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market. Citigroup In

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Sanctions-scarred banks may hold back from Iran

Major banks wary of heavy US penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to rev

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Gulf banks tighten credit for small firms as cheap oil bites

Banks are tightening lending conditions for small, private companies in the Gulf - a sign that the region's economies are not escaping damage from the plunge of oil prices. Mostly, the six rich nations of the Gulf Co-operation

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Banks in Bahrain step up security for F1

Banks in Bahrain have stepped up security ahead of the Formula One race to protect customers from fraudsters. Cash withdrawals from ATMs will be limited to BD200 ($527) from today (April 15) in the lead-up to the Gulf Air Bahrain

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