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BANKING
May 5, 2012
ATM ends with new projects deals
The four-day Arabian Travel Market (ATM) concluded on Thursday with a number of project announcements and several new deals between regional and international groups. "The business buzz is definitely back, the regional travel industry is in an exceptionally buoyant mood and participants are positive and confident, said Mark Walsh, portfolio director, Reed Travel...May 5, 2012
Private Deposits at Commercial Banks - ONA banking Report
The total value of private deposits at the commercial banks in the Sultanate as of the end of January and February 2012 rose by (17.5%) to (RO 8.278,2) billion compared to (RO 7.046,3) billion in the corresponding"...May 3, 2012
MIG Bank Launches a Subsidiary in Europe, Bringing Greater Transparency and Security to the Forex Markets
One of Switzerland’s largest banks that specialises in online trading, MIG Bank SA, has received its Financial Services Authority (FSA) license enabling it to offer online Foreign Exchange (Forex), Gold, Silver and Contracts for Difference (CFDs) via its new London based subsidiary,"...
April 30, 2012
Warba Bank funds first residential project in the United States
The Project is strategically located opposite of Citibank Queens Operations headquarters, MetLife Operations headquarters, Tishman Speyer's Gotham Center, and the UN Credit Union Building.The Court Square development will consist of approximately 155 apartment units with high-end finishes, spacious interiors and large private balconies with Manhattan...
April 29, 2012
Marriage loans increased to KD 6,000
Increasing numbers of Kuwaiti women choose to remain spinsters owing to high cost of living. In order to remedy this situation, the government has decided to raise marriage loans granted to KD 6,000, with the aim of encouraging youths to marry and raise a family.However, the loan amount becomes a burden instead of a gift for the youth who seek to begin...
April 29, 2012
Bank of America Reports First-Quarter 2012 Financial Results
Net Income of $653 Million, or $0.03 Per Diluted Share
Results Include Negative Valuation Adjustments of $4.8 Billion Pretax, or $0.28 Per Share, From the Narrowing of the Company's Credit Spreads
Fortress"......
April 24, 2012
Attijariwafa Bank deploys FircoSoft across Africa
FircoSoft, the leading global provider of watch list filtering solutions announced today that its customer Attijariwafa Bank, headquartered in Casablanca (Morocco), has rolled out its Firco Filtering Suite to the bank's other African"...
April 24, 2012
J.P. Morgan names Jeff Urwin CEO of Asia Pacific
J.P. Morgan today announced that Jeff Urwin, Head of Global Investment Banking Coverage, Capital Markets and Mergers & Acquisitions, will take on the additional role of CEO of Asia Pacific, based in Hong Kong. Urwin will be responsible for overseeing all of J.P. Morgan’s strategic"...
April 22, 2012
BankMuscat fetes RO 300,000 Al Mazyona prize winner
BankMuscat marked a moment of big celebration for Ahmed bin Salem bin Nasser al Alawi from Al Kamil branch who won RO 300,000 Al Mazyona Savings Scheme prize for the first quarter. Yousuf al Rawahi, Regional Manager — Sharqiyah Governorate, presented the prize cheque to Al Alawi, an employee of the Ministry of Health working at Sur Hospital.Al...
April 22, 2012
HSBC Qatar appoints new Head of Retail Banking and Wealth Management
HSBC Bank Middle East Limited announced the appointment of Kris Werner as Head of Retail Banking and Wealth Management, Qatar. Mr Werner assumes his new post with immediate effect. Mr. Werner joins the Qatar business after 5 years with the HSBC Group working in a range of fast-growing economies, including roles in Turkey and India. In his new role, he will be...- Obama’s Journey to Reshape Afghan... 1
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