Monday 2 February 2015
 
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Citi

Citi Bahrain launches rewards programme

Citi Bahrain has launched a rewards programme giving its local credit card customers access to merchandise from across the globe. These include product catalogue redemptions, airline/hotel points transfer capabilities and end-to-e

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Sustaining returns in an uneven recovery

Financial markets seem to have recovered from their sharp bout of volatility in the month of October. The question we now face is whether or not the drivers of volatility in the second part of 2014 will continue to affect markets in 2015.

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Citi loses appeal over Abu Dhabi fund's arbitration

Citigroup on Wednesday lost an appeal aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund's $7.5 billion investment in late 2007 to shore up the then-struggling bank.

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Firms bid for Citi’s card business in Japan

Three companies have emerged to make a joint bid for Citigroup’s credit card business in Japan, the Nikkei reported, as the US lender goes ahead with plans to exit consumer banking in the country. Shinsei Bank, department st

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Gulf Air-Citi Bahrain in new promotion

Gulf Air and Citi Bahrain have launched a promotional campaign that will allow Citi credit cardholders to purchase Gulf Air tickets/services with zero interest instalment plans. Under the agreement, Gulf Air will offer all Citi cr

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Citi pulls out of consumer banking in 11 countries

Citigroup said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with the biggest international business looks to cut persistently high costs. The third-largest US bank, built with a s

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Citi to sell Diners Club business in Japan

Citigroup has told bidders for its Japanese retail banking operations that it was looking to sell its profitable Diners Club card business in Japan with the retail unit, sources with knowledge of the matter said. The US bank has b

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Citi wins 14 awards for the Mena region

Citi has won 14 awards in regional and country categories in Global Finance magazine’s 2014 World’s Best Corporate/Institutional and Consumer Internet Banks competition for the Middle East and North Africa region. Country wi

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Mena projects total $2.5 trillion

There are projects worth $2.5 trillion currently underway in Middle East and North Africa (Mena) region and projects worth $1.4 trillion of these are in the execution phase, said a Citi Research report. $600 billion of the project

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Six banks join plan for shared customer data register

JPMorgan, Citigroup and four more major banks have signed up with an industry group to develop a central register of information on other banks they deal with to help to meet increasing compliance demands and costs. Swift, a Bruss

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