Friday 21 July 2017
 
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Moody's cuts nine Qatari banks' long-term ratings

Moody's Investors Service has downgraded the long-term ratings of nine banks in Qatar from stable to negative. The ratings agency also affirmed the banks' baseline credit assessments (BCA), adjusted BCAs and Counterparty Risk Assessments

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Moody's cuts nine Qatari banks' long-term ratings

Moody's Investors Service has downgraded the long-term ratings of nine banks in Qatar from stable to negative. The ratings agency also affirmed the banks' baseline credit assessments (BCA), adjusted BCAs and Counterparty Risk Assessments

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Emirates NBD gets first female Emirati CEO

Emirates NBD, a leading bank in the region, has appointed UAE national Maryam Bahlooq as the new chief executive officer of its fully-owned subsidiary Tanfeeth (getting the job done in Arabic). With this appointment, Bahlooq has b

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Emirates NBD gets first female Emirati CEO

Emirates NBD, a leading bank in the region, has appointed UAE national Maryam Bahlooq as the new chief executive officer of its fully-owned subsidiary Tanfeeth (getting the job done in Arabic). With this appointment, Bahlooq has b

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EFG Hermes posts Q1 profit of $13m

EFG Hermes, a leading financial services corporation in the Middle East and North Africa, reported today strong first quarter results, with net profit after tax and minority interest from continued operations of EGP236 million ($13.04 million).

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Bank of Sharjah Q1 profits down to $15.79m

Bank of Sharjah reported a net profit of Dh58 million ($15.79 million) for the first quarter of 2017, against Dh81 million for the same period of 2016. As a result, earnings per share for the period were down by 30 per cent and re

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Citi wins Saudi CMA licence; to start operation

Saudi Arabia's Capital Market Authority (CMA) has granted a licence to Citi, a financial services major, to provide services in the kingdom. The business will be branded Citigroup Saudi Arabia and will provide a full range of

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Dubai Municipality opens first UAE Foodbank branch

The first branch of the UAE Foodbank opened today in the Al Quoz area in Dubai. At the opening, Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, the chairman of the UAE Foodbank Board of Trustees, said: “I am extr

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BBK posts $149.6m net profit for 2016

BBK, a leading retail bank in Bahrain, has announced a net profit of BD56.4 million ($149.60 million) attributable to owners for the financial year ended December 31, 2016. The net profit is 6 per cent higher compared to the previ

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Emirates Investment Bank profits up

Emirates Investment Bank (EIBank), an independent private bank based in the UAE, today announced a net profit of Dh33.89 million ($9.23 million) for 2016, up 20.5 per cent from Dh28.13 million ($7.66 million) in 2015. Operating income w

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