Bank Sohar organises seminar for customers on UCP600
(Oman Daily Observer
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31/05/2009)
As part of Bank Sohar’s ongoing commitment to Omani exporters and importers, the bank arranged a seminar on ‘Uniform customs and practice for documentary credits (UCP)’ at the bank’s Learning Centre in Qurum. Over 50 corporate customers including finance
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Al Salam launches new real estate loan scheme
(Gulf Daily News
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31/05/2009)
Al Salam Bank-Bahrain has launched the Dari property financing in a move to achieve the desires of its customers to own their dream properties. It is a Sharia-compliant product that offers various types of contracts that match the multipurpose property
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NBB Platinum Visa Card is launched
(Gulf Daily News
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31/05/2009)
NBB has launched its exclusive Platinum Visa Card. The card is packed with comprehensive features creating a unique package, which offers cardholders the conveniences, ease of usage and lifestyle to which they are accustomed. The card offers customers a
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Al Salam Bank-Bahrain launches Dari property financing
(Ame Info
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31/05/2009)
Continuation of a series of promotional campaigns for special products, Al Salam Bank-Bahrain announced the launch of Dari property financing in a move aiming to achieve the desires of its customers to own their dream properties. Dari is Sharia compliant
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NBK launches its first Islamic KD Ijara Fund
(Ame Info
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31/05/2009)
National Bank of Kuwait, the leading bank in Kuwait and highest rated bank in the Middle East, announced today the launch of the first edition of its Islamic Ijara KD series, Islamic KD Ijara Fund I. The launch of the Fund will offer Private Banking
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Burgan Bank introduces high school students to the world of banking
(Ame Info
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31/05/2009)
Highlighting its commitment to Corporate Social Responsibility at Burgan Bank, a team of the Banks public Relations department & Marketing management visited the Sharifa Al Awadhi high School to promote knowledge-acquisition among youngsters. The team
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Gulf Bank increases opportunities for Kuwaiti companies
(Ame Info
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31/05/2009)
Gulf Bank recently initiated preparations to provide additional corporate financing to the market up to a total sum of nearly KD300m available. This move comes after, and in support of, the financial stability law in 2009. The new law has been brought in
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Visa, Al Rajhi Bank, Microsoft clinch accord to support SMEs
(Saudi Gazette
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31/05/2009)
Visa Inc, the world’s largest retail electronic payments network, Al Rajhi Bank and Microsoft have entered into a strategic agreement to provide financial solutions for small and medium enterprises (SMEs) that are adopting advanced technology into their
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Al Rajhi opens remittance center for Filipinos
(Saudi Gazette
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31/05/2009)
The first Tahweel Al Rajhi remittance center specially catering for Filipino customers will be opened on Monday (June 1). Located near Manila Plaza in the Batha area, Riyadh, the Tahweel Al Rajhi remittance center will provide Filipino expatriates with
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Emirates NBD opens new branch
(Gulfnews
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31/05/2009)
Emirates NBD recently opened a new branch at Dubai Outlet Mall to service and cater to the needs of its loyal customers. Jamal Bin Ghalaita, Deputy CEO of Consumer Banking and Wealth Management at Emirates NBD inaugurated the new branch. "The opening of
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First Gulf Bank in oil and gas facility
(Ame Info
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31/05/2009)
First Gulf Bank (FGB), one of the UAEs leading financial institutions, has provided the performance bond facility to Petrofacs Sharjah based Engineering & Construction Business, for a $2.4bn contract awarded by Abu Dhabi Company for Onshore Operations
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Sharjah Islamic Bank launches health campaign
(Ame Info
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31/05/2009)
The Chief Operation Officer of Sharjah Islamic Bank, Mr. Ahmed Saad, stressed that institutions must provide the utmost care for their workforce, and provide an integrated work environment that covers all health and professional aspects, as they are
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HH Sheikh Majid Bin Mohammed Bin Rashid Al Maktoum Honors Emirates NBD
(Eye of Dubai
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30/05/2009)
H.H. Sheikh Majid bin Mohamed bin Rashid Al Maktoum, Chairman of Dubai Culture recently honored Emirates NBD, the largest banking group in the Middle East in terms of assets and profitability. This came on the sidelines of the distinguished Arabic
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The Chairman inaugurates KFH-Bahrain's new head quarters
(Ame Info
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30/05/2009)
Kuwait Finance House - Bahrain (KFH-Bahrain) has announced the relocation of its headquarters in the West Tower of the state-of-the-art Bahrain World Trade Center (BWTC). The move to the BWTC confirms the vision of KFH-Bahrain for expanding its banking
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Doha Bank, QAC join hands
(Trade Arabia
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30/05/2009)
Qatar Automobiles Company (QAC), the exclusive dealer of Mitsubishi Motors and Mitsubishi Fuso Trucks and Buses in Qatar, has tied up with Doha Bank to offer innovative financing solutions for all Mitsubishi products. With this initiative in place, both
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AED 30 million ($8.17 million) Murabaha finance for Emirates Transport
(CPIFINANCIAL
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30/05/2009)
Ajman Bank has signed a deal with Emirates Transport to fund a fleet of 100 buses in the form of Murabaha finance. Ajman Bank will purchase the buses and sell them on to Emirates Transport on deferred payment terms to expand the firm’s services. At
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BankMuscat wins special awards for Omanisation efforts
(Oman Daily Observer
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28/05/2009)
BankMuscat has received high commendation from the Ministry of Manpower for its Omanisation efforts. At a ceremony presided by Maqbool bin Ali Sultan, Minister of Commerce and Industry, BankMuscat was conferred two special awards for its superlative
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Al-Rajhi pledges to expand Tahweel Remittance Centers
(Arab News
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28/05/2009)
Al-Rajhi Bank defies global financial crisis by expanding the existing network of Al-Rajhi Tahweel Remittance Centers across the Kingdom in a staggered schedule within next two years. The Tahweel Al-Rajhi, which has already set up 124 dedicated centers
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QIB rewards Qatari staff with promotions
(The Peninsula
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28/05/2009)
QIB has announced its roster of promotions of Qatari employees for key positions within the bank. These recognitions included Salah Al Hail, General Manager, Real Estate Group; Amer M Al Jabri, Assistant General Manager, Retail, Domestic Business Group;
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QAC, Doha Bank launch vehicle promotion
(The Peninsula
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28/05/2009)
In the face of global financial slowdown, there is a bright spot for those who would want to own a car as Qatar Automobiles Company (QAC) and Doha Bank have jointly launched yesterday an innovative financing solutions for all Mitsubishi products. QAC,
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Doha Bank offers Mitsubishi financing
(Ame Info
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28/05/2009)
Qatars exclusive dealer of Mitsubishi Motors and Mitsubishi Fuso Trucks and Buses, Qatar Automobiles Company, in association of Doha Bank, has launched financing solutions for all Mitsubishi products. R. Seetharaman, CEO of Doha Bank has said the offer
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Al Rajhi Local Shares Fund Wins Two Global Awards
(Press Release
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28/05/2009)
The international agency Thomson Reuters has recently awarded Al Rajhi Local Shares Fund managed by Al Rajhi Financial Services Co. (ARFS) two Lipper Awards 2009, namely the Best Local Equity Fund compliant with Islamic Shariah over three years – Arabian
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NBK's 2009 full-year profit to reach KD274m
(www.business24-7.ae
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28/05/2009)
National Bank of Kuwaits 2009 full-year net profit is expected to increase to KD274.2 million (Dh3.4 billion), Kuwait-based Al Watan newspaper reported yesterday. Its 2009 earnings per share is likely to reach 95.6 fils, the paper reports citing a report
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Ajman Bank, Emirates Transport ink deal
(Trade Arabia
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28/05/2009)
the emirate’s first Islamic commercial bank, has signed an agreement with Emirates Transport providing Dh30 million (8.2 milllion) in the form of murabaha finance. As per the deal, Ajman Bank will purchase a fleet of over 100 buses and subsequently sell
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ADCB Recognised for Emiratisation Programme
(Khaleej Times
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27/05/2009)
Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, presented Abu Dhabi Commercial Bank or ADCB with a special recognition for its successful Emiratisation programme, and providing banking training to the ?UAE nationals. The
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