Friday 6 May 2016
 
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Citi

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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Citi raises account balance for new UAE retail clients

Citigroup has raised the minimum monthly average account balance new retail customers in the United Arab Emirates must hold to Dh35,000 dirhams, it said on Thursday. Like many banks in the country, Citigroup has been focusing on a

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Citi, Ashmore approved to buy Saudi stocks directly

US bank Citigroup Inc and emerging markets-focused investment manager Ashmore Group have won permission from the Saudi Arabian regulator to invest directly in the local stock market, industry sources said. The kingdom opened its $

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Citi Bahrain wins top Internet banking awards

Citi Bahrain said it has won two major awards for Internet banking. The bank said it won the Best Consumer Internet Bank and the Best Corporate/Institutional Internet Bank at Global Finance magazine’s 2015 Best Internet Bank

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