Friday 28 August 2015
 
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Arab Bank

Arab Bank rejects report of $1bn settlement

Arab Bank Plc on Friday described as "inaccurate" a report that it would pay "slightly more" than $1 billion to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel.

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Arab Bank settles US suit over militant attacks

Arab Bank has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a US jury found the bank liable. The settlement was confirmed on Friday by M

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Arab Bank registers $423m H1 profit

Leading Jordanian lender Arab Bank Group has reported a net profit after tax and provisions of $422.9 million for the first half, up two per cent over $414.9 million in the same period last year. The group’s net profit befor

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Arab Bank, Telr in e-commerce ‘Payment Facilitator’ deal

Telr, a Singapore and Dubai-based emerging market focused online payment gateway, and Arab Bank, have signed an e-commerce ‘Payment Facilitator Agreement.’ Under the deal, Telr will be responsible for onboarding e-merc

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Arab Bank’s 9-month net up 10pc to hit $614m

Arab Bank Group reported net profit after tax and provisions for the nine months period ending September 30 of $614.2 million, up by 10 per cent from $559.1 million in the same period last year. Sabih Masri, Arab Bank’s chai

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Arab Bank ‘liable over Hamas terrorist attacks’

A US jury on Monday found Arab Bank Plc liable for providing material support to Hamas and said it must compensate victims of two dozen attacks attributed to the Islamic militant group in Israel and the Palestinian territories. Ju

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Arab Bank’s internet banking services wins award

Arab Bank recently received the Best Corporate and Institutional Internet Bank in Lebanon award from the international magazine, Global Finance, for its “Corporate@Arabi&rdquo

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Arab Bank reports 7pc rise in profit

Jordan-based Arab Bank on Wednesday reported first-half net profit up 7 percent year on year. Net profit after tax and provisions for the bank, which has operations across a number of Middle Eastern countries, was $414.9 million,

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Arab Bank posts 5.4pc rise in Q1 profits

Arab Bank Group reported 5.4 per cent growth in net profits after taxes and provisions for the first quarter of 2014, reaching $216.3 million compared to $205.1 million for the same period last year. Customer deposits also increas

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Arab Bank profit rises 43pc to $501 million

Jordan's largest lender, Arab Bank Group, posted a 43 percent rise in net profit to $501.9 million last year on higher revenues, with its chairman saying a conservative policy eased the impact of political upheaval across the region.

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