Wednesday 10 February 2016
 
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Credit

Low deposit growth to impact Saudi banks

The slowdown in deposit growth to 1 per cent in 2015 from 12 per cent in 2014 and the sharp decline in oil prices as wells as a 14 per cent reduction in the 2016 Saudi government budget are credit negative for Saudi banks, Moody's has said.

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Crédit Agricole launches new brand 'Indosuez'

Crédit Agricole Private Banking, a leading international wealth manager, said its operations across Europe, the Middle East, Asia-Pacific and the Americas will be united under a new organisational structure and brand Indosuez Wealth Man

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CrediMax wins ‘best credit card issuer’ honour

CrediMax has been named the ‘Best Credit Card Issuer and Acquirer’ in Bahrain for 2015 by Global Banking & Finance Review publication. Company chief executive Yousif Ali Mirza received the award during a ceremony in the UK, sai

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Global household wealth 'to grow slower'

Global household wealth will grow at 6.6 per cent annually, slower than the 7 per cent estimated earlier, as the overall economic outlook remains weak, Credit Suisse said. Global household wealth is now expected to rise to $345 tr

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Apicorp ratings outlook considered ‘stable’ by Moody’s

Arab Petroleum Investments Corporation (Apicorp) has been given a ‘stable’ credit ratings outlook in a new analysis published by Moody’s Investors Service.   The research stated that Apicorp&rsq

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VW board considering steps to prop up credit rating

Volkswagen's supervisory board is considering steps to prop up the carmaker's credit rating amid a scandal over its rigging of emissions tests that affects 11 million of its vehicles, two sources close to the board said. T

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VW board considering steps to prop up credit rating

Volkswagen's supervisory board is considering steps to prop up the carmaker's credit rating amid a scandal over its rigging of emissions tests that affects 11 million of its vehicles, two sources close to the board said. T

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CrediMax, Lulu partner to launch new credit card

CrediMax has launched a value-packed MasterCard credit card in partnership with Lulu Hypermarket, a leading hypermarket and department store chain in the GCC.   The first-of-its-kind co-branded card ‘Danat&

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A shift away from globalization to a multi-polar world

A new research has signalled a shift away from globalisation to a multi-polar world.   The Credit Suisse Research Institute’s ‘The End of Globalization or a More Multipolar World’ report, presen

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Six credit agencies apply for Saudi licences

Six companies including Standard & Poor's, Fitch Ratings and Moody's Investor Services have applied for a newly-required licence to continue doing credit rating work in Saudi Arabia, the kingdom's Capital Market Authority (CMA) s

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