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QNB raises stake in UAE Commercial BankQatar’s QNB Group has completed an increase in its stake in the UAE based Commercial Bank International (CBI) to 40 per cent, in line with the bank’s expansion strategy in the Middle East and Africa. CBI operates a net More… |
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CBI launches Emirati training programmeCommercial Bank International (CBI), a leading bank in the UAE, has launched its Emiratisation training programme with the enrolment of more than 25 Emirati students. CBI Al Ajial (new generation) programme has been developed by the bank t More… |
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Commercial Bank names new CEOCommercial Bank International (CBI), a leading bank in the UAE, has appointed Kris Babicci as the chief executive officer. Babicci has 35 years of experience in the financial markets, including as the CEO of Bank Dhofar in Oman and Standar More… |
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Commercial Bank names new boardCommercial Bank International (CBI), a leading bank in the UAE, recently appointed its new board of directors (BOD) at its assembly general meeting held in Ras Al Khaimah. The BOD elected Mohamed Sultan Al Qadi as chairman of the board, Al More… |
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Egypt's CIB profit jumps 25pc to $311mEgypt's Commercial International Bank (CIB) said consolidated net profit for 2009 rose to 1,709.8 million Egyptian pounds ($311.4 million) from 1,365.4 million pounds in 2008. Net loans and overdrafts at CIB, Egypt's No 1 private b More… |
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DED, CBD to offer e-payment optionThe Dubai Department of Economic Development (DED) and Commercial Bank of Dubai (CBD) have signed a co-operation agreement to give customers the option of paying fees electronically. This initiative aims at enhancing productivity, ensuring More… |
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Stable outlook for Kuwait bankFitch Ratings on Monday affirmed Commercial Bank of Kuwait's (CBK's) long-term issuer default rating (IDR) at 'A+' with stable outlook. At the same time, its individual rating has been downgraded to 'C/D' from 'C'. Fitch has also affirmed More… |
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S&P revises CBQ ratingStandard & Poor's Ratings Services has revised its outlook on The Commercial Bank of Qatar to stable from positive reflecting a tougher operating environment. It has affirmed its 'A-/A-2' ratings on the bank. "With the outlook More… |
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CBK chairman warns of tough Q1Commercial Bank of Kuwait chairman warned that the first quarter would be "difficult" for the lender and said profit for the first three months will not match the year-earlier period. "The first quarter will be difficult ... Profit of the More… |
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Dubai bank sets $2bn EMTN programmeCommercial Bank of Dubai (CBD) has set up a debut $2 billion notes programme to help finance growth, although it is unlikely to draw on the plan at present due to current market conditions. "We are setting up an EMTN programme that allows More… |
