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Saudi pushes banks to allot more jobs for localsSaudi Arabia's central bank has asked commercial banks to increase localisation of some functions as Riyadh pushes to move more of its citizens into jobs now done by expatriates, a banker in the kingdom said. The Saudi Arabian More… |
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ATM heist: India probes security breachThe Indian government's cyber watchdog is investigating how security at two companies that are part of the country's vast IT services industry was breached in a global ATM heist that saw $ More… |
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Bahrain banks warned against cyber attacksBanks in Bahrain are vulnerable to the kind of cyber attacks that saw $45 million stolen from two banks in the Middle East - the UAE-based National Bank of Ras Al Khaimah and the Oman-based Bank Muscat, said an expert. "This More… |
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G7 finance chiefs to discuss bank reform pushSome of the world's most powerful finance chiefs will meet in an English stately home on Friday and Saturday to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds. Finance minister More… |
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GCC banks close dual-currency deal for AsyaA consortium of Gulf-based banks has announced the successful closing of a $230.5 million and a euros 115.3 million syndicated dual-currency Murabaha financing facility for Turkish Bank Asya. More… |
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Bahrain picks banks for $500m sovereign bondBahrain has mandated banks for a sovereign bond issue, three sources familiar with the matter said on Monday, with proceeds likely to help the oil exporter plug a budget deficit this year. The government of the Gulf kingdom is see More… |
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Gulf markets upbeat on banks' Q1 resultsGulf investors' focus will remain fixed on corporate first-quarter earnings on Sunday, said experts. Markets in the UAE remained at multi-year highs as upbeat results from banks buoyed optim More… |
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Batelco picks banks for bond roadshowsBatelco Group, the Bahrain-based international telecommunications company with operations across 16 geographies, has mandated BNP Paribas and Citigroup to arrange a series of fixed income investor meetings ahead of a possible b More… |
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Systematic expansion urged for Qatar banksThe pressing question facing banks in Qatar not ‘whether’ to expand internationally, but ‘how’ do so in a way that creates value, a report said. Banks in Qatar could be forgiven for looking back upon the pa More… |
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Basel reserves rule 'to hit smaller banks'The international regulations demanding that banks increase their reserves over the next few years could see smaller institutions in the Middle East and across the developing world killed off, said Ithmaar Bank chairman Prince Amr Mohammed Al Fa More… |
