Tuesday 28 April 2015
 
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Probe launched into Mumtalakat's financial affairs

Bahrain’s MPs have launched a probe into the financial affairs of Bahrain's sovereign wealth fund. Bahrain Mumtalakat Holding Company oversees a portfolio of 36 companies including Alba and Gulf Air, said a report in the

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DFM achieves 100pc annual results disclosure compliance

Dubai Financial Market (DFM) said its UAE-listed companies have showed a 100 per cent compliance to disclose their last year’s annual results within the deadline of three months from the end of the financial year. All of the

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UAE Banks Federation, SWIFT discuss financial regulations

UAE Banks Federation partnered with SWIFT to bring together senior representatives from financial institutions across the region to look at the impact of global regulations and to discuss the adoption of global best practice. More

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Financial, administrative violations drop 25pc in Bahrain

The incidence of financial and administrative violations have dropped 25 per cent last year in Bahrain compared with 2013, according to the latest Financial Audit Bureau report. The gross violations reported to the Public Prosecut

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Emirates NBD bond may signal more euro issues from Gulf

More borrowers from the Gulf are likely to sell euro-denominated bonds after this week saw the first such benchmark issue by a Gulf financial institution in at least nine years, bankers say. Emirates NBD (ENBD), Dubai's larges

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Islamic State ‘must keep expanding to survive’: report

International investigators have said that in order for the Islamic State to remain financially viable it would have to further expand territory it controls in Iraq and Syria and take over more resources. The Paris-based Financial

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Citi Bahrain banks Euromoney GCC Financial Forum

Citi Bahrain was one of the exhibitor sponsors of the Euromoney GCC Financial Forum which recently concluded in Bahrain. The forum was co-hosted by the Bahrain Economic Development Board (EDB) and held for the fourth consecutive y

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New GFH plan ‘much healthier and stronger’

GFH has restructured its balance sheet with both its cash and equity position much healthier and stronger now than it was before the financial crisis, according to the chairman of the Bahrain-based Islamic investment bank. "I

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Major GCC financial forum opens in Bahrain

Euromoney Conferences, organisers of the fourth GCC Financial Forum, announced yesterday (February 23) that two top banks, the National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait (BBK) and the Oil and Gas Holding Company (nogaholding) hav

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75pc UAE finance workers focus on increased competition

About 75 per cent of board members and senior managers at UAE financial services organisations are most concerned about increased competition over the next 12 months, according to a recent study. The study published by Collinson G

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