Monday 29 December 2014
 
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Citi

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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Citi celebrates two Bahrain milestones

Citi Bahrain celebrated 45 years of presence and 25 years of consumer banking operations in the kingdom recently. The event, held at the Ritz Carlton Hotel, was hosted by James Cowles, Citi’s chief executive officer for Euro

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6 female entrepreneurs win awards

The University of Dubai and the Citi Foundation, Citi’s social investment arm, honoured six female entrepreneurs with 'Best Business Plan' awards recently in Fujairah. The partners celebrated the 10th Citi-funded Dip

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Citi launches travel benefits portal in MEA

Citi has announced the launch of Travel Privileges, a portal that covers a number of aspects of travel including booking hotel reservations, air travel and car rental for use by Citi cardholders in Middle East, Europe & Africa.

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