Tuesday 2 June 2015
 
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banks

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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UAE banks ‘not meeting customer expectations’

Banks in the UAE are not meeting their customer expectations, according to a recent study by TNS, a custom market research organisation. The TNS Annual Corporate Banking Excellence study looked closely at the services offered by c

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Banks ‘must balance customer service strategy’

Banks in the Middle East need to move from being primarily sales-centric to a balance between sales and customer-centric, according to an expert. Alex Kwiatkowski, senior marketing strategist, Banking and Digital Channels at Misys

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UAE Banks Federation, SWIFT discuss financial regulations

UAE Banks Federation partnered with SWIFT to bring together senior representatives from financial institutions across the region to look at the impact of global regulations and to discuss the adoption of global best practice. More

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GCC banks register double-digit growth in 2014

The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury

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