Monday 27 April 2015
 
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banks

Banks in Bahrain step up security for F1

Banks in Bahrain have stepped up security ahead of the Formula One race to protect customers from fraudsters. Cash withdrawals from ATMs will be limited to BD200 ($527) from today (April 15) in the lead-up to the Gulf Air Bahrain

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UAE banks ‘not meeting customer expectations’

Banks in the UAE are not meeting their customer expectations, according to a recent study by TNS, a custom market research organisation. The TNS Annual Corporate Banking Excellence study looked closely at the services offered by c

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Banks ‘must balance customer service strategy’

Banks in the Middle East need to move from being primarily sales-centric to a balance between sales and customer-centric, according to an expert. Alex Kwiatkowski, senior marketing strategist, Banking and Digital Channels at Misys

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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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GCC banks register double-digit growth in 2014

The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury

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UAE banks' profit growth may fall this year

Profit growth at banks in the United Arab Emirates (UAE) is expected to slip to 5-6 per cent in 2015 as macroeconomic challenges and the absence of big improvements in asset quality strangle lenders' earnings, Standard & Poor's said

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NMC in talks with banks for possible loan

UAE-based healthcare provider NMC Health, founded by billionaire Indian entrepreneur BR Shetty, is in talks with bankers for a potential long-term loan, four sources with knowledge of the matter said on Monday. The London-listed c

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Euro sinks below $1.20, first time for 9 years

The euro fell below $1.20 for the first time since early 2006 on Monday, the dollar starting 2015 as most banks believe it intends to go on this year - higher across the board. Euro zone inflation numbers trickle out in the first

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UAE cooling firm Tabreed raises $708m loan

United Arab Emirates utility Tabreed has raised a Dh2.6 billion ($707.9 million) seven-year loan facility from three banks, two banking sources familiar with the matter said on Sunday. National Central Cooling Company, Tabreed'

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Japan's banks face stress test for ultra-low rates

Japan's financial regulator is running stress tests to see if too much cash in the system is stifling smaller banks' ability to earn, unlike regulatory tests elsewhere that have been designed to see whether lenders had enough capital to

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