Qatar National Bank Hires Banks for $1.5 Billion Loan
(Bloomberg
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24/06/2012)
Qatar National Bank SAQ (QNBK) hired five banks to help raise a $1.5 billion term-loan as the Persian Gulf country’s largest lender faces debt maturing next month. HSBC Bank Middle East Ltd., Deutsche Bank AG (DBK), Standard Chartered Plc (STAN),
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QNB Group to Borrow $ 1.5 Billion
(QNA
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24/06/2012)
QNB Group has announced that it has mandated Bank of Tokyo-Mitsubishi UFJ, Ltd., Deutsche Bank A.G., HSBC Bank Middle East Limited, J.P. Morgan Limited, and Standard Chartered Bank, (together the "Initial Mandated Lead Arrangers" and "Book runners"), to
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Bank Muscat enhances appeal of Salalah Tourism Festival
(Oman Daily Observer
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24/06/2012)
BankMuscat, the flagship financial institution in the Sultanate, joined the nation in celebrating the monsoon splendour and cultural heritage of Oman as Salalah Tourism Festival got off to a fine start in the summer capital of Oman. A large contingent of
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NBO gives long-term funding to Duqm Frontier Project
(Oman Daily Observer
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24/06/2012)
National Bank of Oman (NBO) and Duqm Development Company (DDC) have signed a long-term loan facility agreement to provide funding for the development of the Frontier Town Project Phase I, which involves developing a residential township consisting of
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SABB outlook positive on ‘sound profitability’
(Saudi Gazette
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24/06/2012)
Capital Intelligence (CI), the international credit rating agency, announced Sunday that it has affirmed the ratings of Saudi British Bank (SABB). The Financial Strength Rating of ’A’ is supported by the bank’s sound and improving asset quality, by the
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New travel programme from Mashreq
(Khaleej Times
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24/06/2012)
Mashreq announced a new special travel programme to help customers take off with fabulous offers and travel benefits on their Mashreq credit and debit cards. With the launch of the “UAE’s Best Travel Programme” in partnership with MakeMyTrip and SNTTA,
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Gulf Bank treats priority customers with concierge services
(AME Info
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23/06/2012)
Continuing its efforts to offer benefits and unique services to its Priority customers, Gulf Bank announced that in collaboration with Qiblah Kuwait, one of Kuwait's leading concierge service providers, it will launch its concierge service to provide its
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ADIB expands on its financial literacy campaign
(The National
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23/06/2012)
Abu Dhabi Islamic Bank (ADIB), the second-largest Sharia-compliant lender in the Emirates, has expanded its financial literacy campaign to include an interactive portal on its website that offers tips on saving and investment. The ADIB Wealth Management
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CI affirms ratings of SABB and adds 'Positive' outlook
(AME Info
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23/06/2012)
Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed the ratings of The Saudi British Bank (SABB), based in Riyadh, Saudi Arabia. The Financial Strength Rating of 'A' is supported by the Bank's sound and
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Ahlibank gets nod for Rights Issue
(Oman Daily Observer
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23/06/2012)
Ahlibank has secured regulatory approval for a Rights Issue of 250 million shares at a price of RO 0.101 (including 1 baiza issue expense) per share. In a disclosure notification to the Capital Market Authority, Ahlibank said the Rights Issue will open
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Mashreq revamps Majestic Loan
(Khaleej Times
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23/06/2012)
Mashreq has announced yet another edition of its Majestic Loan packages. Customers can now apply for Majestic loan bundle and get cash in their accounts in only 24 hours. Mashreq is giving away free holiday vouchers to all customers applying for the
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QNB in $1.5bn loan refinancing
(Gulf Times
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22/06/2012)
QNB, Qatar’s largest lender, has picked five banks to lead the syndication of a $1.5bn loan refinancing, in a deal launched yesterday, sources familiar with the matter said. The three-year loan, which replaces a $1.85bn facility set to mature on July 22,
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NBF awarded Best Commercial Bank prize at Banker ME Industry Awards
(AME Info
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21/06/2012)
National Bank of Fujairah (NBF) has been awarded the 'Best Commercial Bank' at this year's Banker Middle East Industry Awards, which acknowledges the best performing banks in the Middle East and North Africa. This is NBF's third business award following
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NBO receives Corporate Governance Award 2012
(Oman Daily Observer
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21/06/2012)
National Bank of Oman (NBO), the second largest commercial bank in Oman, has been awarded the Hawkamah Bank Corporate Governance — Honorable Mention Award 2012, during the Banker Middle East’s Industry Awards, held recently at the Jumeirah Emirates
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Barwa Bank Joint Lead Manager for Islamic Development Bank Sukuk
(Press Release
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21/06/2012)
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, acted as Joint Lead Manager on the recent $800 million five-year Sukuk for Saudibased Islamic Development Bank (IsDB). Steve Troop, CEO, Barwa Bank commented on the deal which marks the bank’s
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Boubyan Bank backs $2.1 billion NBK offer
(Reuters
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21/06/2012)
National Bank of Kuwait (NBK) moved a step closer to a takeover of Kuwait's Boubyan Bank on Wednesday, but a disputed stake held by another bank remains an obstacle to the 2.1 billion US dollars deal. The Boubyan Bank board gave its backing to its main
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QNB ranked largest bank by asset size in Mena area
(Gulf Times
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21/06/2012)
Qatar National Bank (QNB) has been ranked the largest bank by asset size in the Middle East and North Africa region, according to a study. Forbes Middle East conducted an in-depth study into the largest banks on the Arab stock markets that study included
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AUB named best Mideast bank by Euromoney
(Gulf Times
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21/06/2012)
Ahli United Bank (AUB) has been named the ‘Best Bank in the Middle East’ by leading international finance magazine Euromoney. AUB was also named the ‘Best Bank in Bahrain’ for 2012 for the seventh consecutive year. The announcement was made at the 2012
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Emirates NBD hires GM for retail banking
(Khaleej Times
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21/06/2012)
Emirates NBD announced on Wednesdy the appointment of Suvo Sarkar as the new General Manager for Retail Banking. Rick Pudner, group CEO, Emirates NBD, said, “I would like to congratulate and welcome Suvo to Emirates NBD. It is great to have him in our
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NBQ wins delay in $250m Global case
(Khaleej Times
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21/06/2012)
National Bank of Umm Al Qaiwain, or NBQ, a bank in the UAE, said on Wednesday it had won a delay in a $250 million judgement against it in a case involving Kuwaiti group Global Investment House. The sum was placed with NBQ in August 2008 as the first
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Disputed stake ‘obstacle’ to NBK-Boubyan deal
(Reuters
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20/06/2012)
National Bank of Kuwait moved a step closer to a takeover of Kuwait's Boubyan Bank on Wednesday, but a disputed stake held by another bank remains an obstacle to the $2.1 billion deal. The Boubyan Bank board gave its backing to its main shareholder,
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DIB recognized at Banker Middle East Industry Awards 2012
(AME Info
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20/06/2012)
Dubai Islamic Bank (DIB) announced that it has been named the region's 'Best Islamic Bank' at the Banker Middle East Industry Awards 2012, held in Dubai on June 12, 2012. The Banker Middle East Industry Awards recognise the best performing financial
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ADCB wins Hawkamah Bank Corporate Governance Award 2012
(AME Info
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20/06/2012)
Abu Dhabi Commercial Bank (ADCB) has won the Hawkamah Bank Corporate Governance Award 2012. The Award was presented by Dr. Nasser Saidi, Executive Director of Hawkamah, at the Banker Middle East Industry Awards on 12 June 2012 held at the Emirates Towers
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NBQ wins delay in $250m Global case
(Reuters
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20/06/2012)
National Bank of Umm Al Qaiwain (NBQ), a bank in the UAE, said on Wednesday it had won a delay in a $250 million judgement against it in a case involving Kuwaiti group Global Investment House. The sum was placed with NBQ in August 2008 as the first part
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Bank Muscat all set to enliven STF as its main sponsor
(Oman Daily Observer
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20/06/2012)
BankMuscat is all set to make its presence felt at the Salalah Tourism Festival which celebrates the monsoon splendour and cultural heritage of Oman from June 21 to July 18. Supporting the festival as main sponsor, BankMuscat is committed to make all
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