Monday 20 October 2014
 
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treasury

Taqa appoints Shamsi as VP of treasury

Abu Dhabi National Energy Company (Taqa) has appointed Suhail al-Shamsi as group vice president of treasury and member of the company's global management team, it said on Sunday. Shamsi, who joined Taqa in 2010, takes over the

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Rule change makes firms vulnerable to US sanctions

Companies even partly owned by individuals sanctioned by the US government could find themselves blacklisted as the result of a rule change announced on Wednesday by the Treasury Department. Treasury, which is responsible for applying a

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Finally, cooperation has arrived in Washington

  The US House of Representatives decision to suspend the Treasury debt limit is the most important political event in America since President Barack Obama was first elected in 2008.   As anticipate

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Most ME finance professionals bullish on business

Senior financial and treasury professionals in the Middle East are bullish about the prospects for their companies' business in the coming 12 months despite dollar liquidity challenges, a report said. A resounding 73 per cent are optimist

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Mubadala Treasury wins key award

Mubadala Development Company, the Abu Dhabi-based strategic investment and development company, last night won the Large Treasury Team of the Year award at the Association of Corporate Treasurers Middle East (ACTME) 2011 Awards. The award

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Geithner to discuss EU bailout fund

US Treasury Secretary Timothy Geithner holds talks with European finance ministers on Friday on the possibility of leveraging the euro zone's bailout fund to help resolve the debt crisis. Washington set up an emergency fund to support US l

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China urges US to deal with debt issue

China's central bank governor urged Washington on Wednesday to act responsibly to deal with its debt issues, saying uncertainty in the US Treasuries market will undermine the international monetary system and hamper global growth. The rema

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US dipping into pensions as debt limit hit

US Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds on Monday to free up borrowing capacity as the nation hits the $14.294 trillion legal limit on its debt. The US Treasury will issue $72

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Gulf Bank names GM of treasury

Gulf Bank has appointed Grant Jackson as general manager of treasury following the approval of the Central Bank of Kuwait. Jackson joins the Bank from Commercial Bank International (CBI) in Dubai, where he has been head of treasury and inv

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Financial fears 'could spread through EU'

There is a risk that lack of financial confidence could spread across the European Union and affect previously untouched countries, Britain's chief secretary to the Treasury David Laws has said. Laws, a Liberal Democrat, holds the number t

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