Thursday 10 July 2014
 
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banks

Gulf banks start to muscle in on global bond deals

When the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital. After decades during which banks from the

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Global bank profits surge to record $920bn

China's top banks accounted for almost one-third of a record $920 billion of profits made by the world's top 1,000 banks last year, showing their rise in power since the financial crisis, a survey showed on Monday. China&#

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Bahrain banks' loans set to grow 10 pc

A spurt in industrial and commercial activity in the first half of the year suggests that bank lending in Bahrain is likely to grow at 10 per cent this year, reported the Gulf Daily News, our sister publication, citing a senior financial expert.

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Egypt oil refiner wins $161m loan

Three leading banks in Egypt will be arranging a $161 million syndicated loan for Assiut Oil Refining Company to help the  company in upgrading its oil refining laboratory.   The banking consortium involved in the transac

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Etisalat picks banks ahead of potential bond issue

Etisalat, the largest listed company in the UAE by market value, has mandated banks to organise meetings ahead of a potential bond issue, the telecom operator said on Tuesday.   Etisalat, which earlier this month

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Qatar sees no worrying rise in bank lending

Lending by Qatari banks has not become significantly more concentrated among borrowers, and the state is taking steps to ensure financial firms are not overly-exposed to a small number of customers, the head of its central bank told Reuters.

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UAE credit bureau asks banks to supply data

Al Etihad Credit Bureau, a federal   government company which provides credit reports on individuals and corporates in the UAE, has asked all UAE banks and financial institutions to submit their customers’ credit data for the pas

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Bahrain banks told to replace old cheques

The Central Bank of Bahrain (CBB) has directed retail banks to expedite replacing their customers’ old design cheques with new cheques which contain new standards and specifications. The directive is in line with the cheque

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Mubadala hires six banks for Eurobond issue

Abu Dhabi's Mubadala has hired six banks to lead manage a new Eurobond issue, according to several market sources. The state-owned fund has appointed Bank of America Merrill Lynch, Credit Agricole CIB, Deutsche Bank, Goldman S

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Android botnet 'targeting ME banks’

Sandroid, a new botnet targeting the online bankers in the Middle East, has till date infected more than 2,700 Android smartphones and has intercepted at least 28,000 text messages of the users who bank at financial institutions in the Middle Ea

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