Bank Sohar supports OCCI initiative
(Oman Daily Observer
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30/09/2010)
Bank Sohar lent support to the “Najah” Programme promoted by the Oman Chamber of Commerce and Industry (OCCI). OCCI’s “Najah” Programme works to provide opportunities for high school graduates from families with limited resources to obtain access to
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Bank Muscat ‘Drive Responsibly’ campaign reaches Salalah
(Oman Daily Observer
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30/09/2010)
The ‘Drive Responsibly’ awareness campaign launched by BankMuscat in partnership with the Royal Oman Police (ROP) is successfully doing the rounds in different regions of Oman. A seminar held in Salalah attracted a large turnout of officials, customers
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KFH educates Baiti Club for children on financial matters
(AME Info
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30/09/2010)
Area Manager and Baiti Club for children supervisor at Kuwait Finance House (KFH) Hala Al-Tannak stressed the importance of developing banking culture and awareness of children, in addition to explaining to them the value of money and savings in that
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Commercial bank restructures management
(The Peninsula
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29/09/2010)
Commercialbank of Qatar, the largest private sector bank in Qatar, has restructured its executive management team with senior promotions. The promotions, including the creation of integral new roles, are part of broader adjustments to support the Bank’s
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Qatar Islamic Bond Said to Yield 262.5 Basis Points Over Midswap
(Bloomberg
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29/09/2010)
Qatar Islamic Bank SAQ may raise as much as $750 million by selling 5-year Islamic bonds that may be priced to yield 262.5 basis points above similar maturity midswap, four bankers familiar with the transaction said. They declined to be identified
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Al khaliji introduces Platinum and Classic credit cards
(AME Info
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29/09/2010)
Al khaliji, the next generation bank, has introduced Qatar's first fee-free credit cards offering 2% cashback on all purchases and a market leading package of financial benefits and superior protection for its valued customers. In addition to 2% Cashback
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SIB inaugurates Priority Banking Centre at Buhaira branch
(AME Info
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29/09/2010)
H.E. Ahmed Al Shamsi, a member of Sharjah Islamic Bank's Board of Directors, yesterday (Wednesday) inaugurated the Priority Banking Centre at the bank's Buhaira branch. The centre, which operates under the umbrella of the Wealth Management Division, is
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ADIB launches wealth management service for HNWIs
(Khaleej Times
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28/09/2010)
Abu Dhabi Islamic Bank, or ADIB, has launched a new Wealth Management service that will cater to the needs of Shariah sensitive mass, affluent and high net worth individuals, in the second largest Arab economy, where households’ assets exceeds $310
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KFH-Bahrain support for key seminar
(Gulf Daily News
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28/09/2010)
Kuwait Finance House-Bahrain is set to support the Islamic Financial Services Board (IFSB) seminar in Bahrain. The event will be held on Sunday at the Ritz-Carlton Bahrain Hotel and Spa. Titled 'Business Models in Islamic Finance: Challenges and
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KFH implements client new advanced technology system
(Al Watan
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28/09/2010)
Kuwait Finance House (KFH) announced in a press release on Monday its implementation of a new technology that aims to link all KFH systems and computers to install advanced applications through one central authority called thin client, where the
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Bank Muscat organises negotiation skills workshop
(Oman Daily Observer
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28/09/2010)
BankMuscat in partnership with Said Al Shahry Legal Training Center (SLTC) organised two Negotiation Skills workshops facilitated by Prof Robert C Bordone, Harvard University Law School Professor of Law and Director of Harvard Negotiation and Mediation
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Fitch affirms Ahli bank’s ratings and stable outlook
(Gulf Times
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27/09/2010)
Fitch has affirmed Ahlibank‘s Long Term Default Rating as ‘A-’ with a ‘Stable’ outlook. The agency has also affirmed Ahlibank’s Short Term Issuer Default Rating as ‘F2’, Individual Rating as ‘C’ and Support Rating as ‘1’. A similar confirmation issued by
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Doha Bank wins global award for sustainability
(AME Info
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27/09/2010)
Doha Bank, one of the prime and progressive banks in Qatar, has won this year's prestigious Golden Peacock Global Award for Sustainability. Mr R Seetharaman, Doha Bank's Group CEO received the prestigious award from Mr. Ola Ullsten, Former Prime Minister
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DIB ups Tamweel stake to 57.33%
(Khaleej Times
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27/09/2010)
Dubai Islamic Bank, or DIB, raised its stake in Islamic mortgage firm Tamweel to 57.33 per cent as part of a strategy to revive the property market, Dubai’s government said on Sunday. “The move will give new momentum to the local mortgage market which
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DIB announces the conclusion of stake increase in Tamweel
(AME Info
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27/09/2010)
In light of the announcement from His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the strategic direction given for the UAE's key mortgage entity, Tamweel, Dubai Islamic Bank is
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Dubai Boosts Effort to Spur Economy With Tamweel Deal (Update1)
(Bloomberg
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27/09/2010)
Dubai’s government has stepped up efforts to stimulate the emirate’s economy, allowing state- controlled Dubai Islamic Bank PJSC to purchase a majority stake in mortgage company Tamweel PJSC to revive lending. The decision follows the announcement on
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Dubai Islamic Bank increases stake in Tamweel to 57 per cent
(CPIFINANCIAL
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27/09/2010)
Dubai Islamic Bank has become the majority shareholder in Tamweel, taking management control; bank's liquidity 'to positively impact' Tamweel's business “The transaction marks an important milestone for the bank and the UAE property market”, said His
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ADIB Wealth Management launched
(AME Info
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27/09/2010)
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, today announced the launch of its Wealth Management service that will cater to the increasingly discerning needs of mass, affluent and high net worth customers. The service will
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Government of Dubai gives Dubai Islamic Bank the final nod on Tamweel
(AME Info
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26/09/2010)
With the full support of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Government of Dubai has given the final nod to Dubai Islamic Bank (DIB) to increase its shareholding in Tamweel to
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Emirates NBD offers world-class racing experience in Abu Dhabi
(AME Info
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26/09/2010)
Emirates NBD, a leading bank in the region, announced today that customers applying for an auto loan now have the opportunity to enjoy a world-class racing experience in Abu Dhabi. The offer, which is valid until the end of October, is available across
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NBAD sponsors Abu Dhabi Classics Run
(AME Info
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26/09/2010)
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, is a major sponsor of the Abu Dhabi Classics Run. The run will raise funds for Abu Dhabi Classics music education programmes and the Sheikh Khalifa Medical City diabetes prevention
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RAK Airways to Restart Operations on Oct. 10, CEO Jahameh Says
(Bloomberg
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26/09/2010)
RAK Airways PJSC, the United Arab Emirates’ airline owned by the emirate of Ras al-Khaimah, plans to restart operations on Oct. 10, Chief Executive Officer Omar Jahameh said today. The airline will start with two destination, Jeddah in Saudi Arabia and
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Dubai Islamic Becomes Biggest Shareholder in Tamweel (Update1)
(Bloomberg
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26/09/2010)
Dubai Islamic Bank PJSC, the biggest Shariah-compliant lender in the United Arab Emirates, will raise its stake in Tamweel PJSC as Dubai seeks to restart mortgage lending after property prices slumped. Dubai Islamic Bank received approval from the
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ADIB launches its 58th branch in Al-Marfa'a City
(AME Info
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26/09/2010)
Tirad Mahmoud, CEO of Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced the opening of ADIB's 58th branch, located at Al-Dhafra Cooperative Society in Al-Marfa'a City, Abu Dhabi's Western Region. This is ADIB's 11th
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Doha Bank wins Global Award for Sustainability
(The Peninsula
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26/09/2010)
Doha Bank has won this year’s prestigious Golden Peacock Global Award for Sustainability. R Seetharaman, Doha Bank’s Group CEO received the prestigious award from Ola Ullsten, Former Prime Minister of Sweden at a glittering ceremony of the 5th Global
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