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Money
FGB launches reduced rate credit card for UAE nationals
First Gulf Bank (FGB), UAE lender, is offering new reduced- rate credit card options for Emiratis with decreased…
Munich Re with positive outlook for 2012 – profit guidance of €2.5bn
Munich Re has made a good start to 2012 and is aiming for a profit of around €2.5bn. CEO Nikolaus von Bomhard was…
Banks shares in Ethylene loan reaches $ 1.2 billion
Egyptian Company for Ethylene’s loan arrangers has provided the needed US$ 1.3 billion as the final loan agreement…
BOJ refuses to implement easing monetary policy further
The Bank of Japan held off on easing monetary policy on Tuesday after last month's surprise loosening, but board…
U.S. Fed releases stress test results on Thursday
The Federal Reserve will release on Thursday the results of its latest round of stress tests on 19 large U.S.…
Palestine Growth Capital Fund achieves a US$ 36m first closure
Abraaj Capital, Palestine Investment Fund (PIF), Bank of Palestine (BoP), Cisco and the European Investment Bank…
Oman’s Bank Dhofar plans to open a special centre in Salalah
Bank Dhofar, Omani lender, has announced that it will soon be opening a unique new centre in Salalah which will…
Dubai’s Emirates NBD plans to cut 15% of jobs
Emirates NBD PJSC (EMIRATES), Dubai’s biggest bank, plans to cut as much as 15 percent of its workforce to reduce…
Tarek Amer: EGP 100m to support national projects
Tarek Amer, chairman of National Bank of Egypt and head of Federation of Egyptian Banks, said that insolvent…
EastNets Anti-Money Laundering Software Wins 2012 Kinetic Innovation Award
EastNets, a leading global provider of compliance and payments solutions, announces today that it has received the…