Saturday 1 August 2015
 
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Global banks to steer clear of Iran until sanctions finally go

International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from US regulators despite this week's nuclear deal between world powers and Tehran. With a

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UAE credit scoring service grows, lending impact uncertain

Almost all banks are now using data from the UAE’s’ new credit bureau, its chief executive officer said, which development analysts believe should boost confidence in the banking system. It also helps to put the UAE on

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BBK backs Bahrain Association of Banks

The Bank of Bahrain and Kuwait (BBK) has donated BD19,000 ($50,371) to the Bahrain Association of Banks (BAB), underlining its ongoing support. Presenting a cheque to BAB chief executive Dr Waheed Al Qassim, BBK chief executive Ab

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Saudi issues $4bn bonds to finance budget deficit

Saudi Arabia has issued bonds worth SR15 billion ($4 billion) to local banks this year to finance its budget deficit, its central bank governor was quoted as saying by Al-Iqtisadiya daily on Friday. The bonds will help pay for a b

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Saudi liquidity holds up in May over stable oil

Saudi Arabia’s domestic liquidity held up in May, helped by the stabilization in oil prices, at the cost of continued expansionary fiscal policy, a report said. M3 growth was 10.4 per cent year-on-year (yoy) in May, increasi

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India's push to offer banking for all stumbles on empty accounts

More than half of a record 160 million accounts opened in India as part of a drive to offer banking to all are still empty, illustrating the massive task ahead for one of the government's most high-profile campaigns and the strain on banks.

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UAE banks urged to invest heavily in financial technologies

UAE banks and financial institutions are being told that they must continue to invest heavily in the latest financial technologies in order to keep their competitive edge. This will be the focus of Abtec, a premier international p

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UAE banks urged to invest heavily in financial technologies

UAE banks and financial institutions are being told that they must continue to invest heavily in the latest financial technologies in order to keep their competitive edge. This will be the focus of Abtec, a premier international p

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Drake & Scull eyes dollar sukuk issue

Dubai's Drake & Scull has mandated five banks to arrange a series of fixed income investor meetings starting on Thursday for a potential issue of perpetual US dollar sukuk, it said on Tuesday. Emirates NBD and HSBC have be

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Drake & Scull eyes dollar sukuk issue

Dubai's Drake & Scull has mandated five banks to arrange a series of fixed income investor meetings starting on Thursday for a potential issue of perpetual US dollar sukuk, it said on Tuesday. Emirates NBD and HSBC have be

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