Friday, March 22, 2019
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Banking & Finance

Oman’s Central Bank signs key pact with Qatari financial centre

The Central Bank of Oman (CBO) has signed a Memorandum of Understanding (MoU) with Qatar Financial Center Regulatory Authority (QFCRA), aimed at sharing experiences and...
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Ahli Bank signs RO 45 Mn Facility Agreement with Majis Industrial...

Ahli Bank SAOG signed a facility agreement for a RO 45 million Term Loan Facility with Majis Industrial Services (Majis), a Government of Oman...
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Saudis Said to Weigh Local Bank Tax Hike to as Much...

(Bloomberg) -- Saudi Arabia is considering plans to increase an Islamic tax paid by local banks to as much as 20 percent, or double...
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Mashreq Bank launches talent development program

Mashreq Bank has launched a strategic initiative for talent development, Mashreq ACE. Mashreq ACE, which stands for Advanced Certificate in Excellence, is a talent development...
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Gulf Takeover Binge Has Bahrain Opening Up to More Bank Mergers

Bahrain, once a Gulf finance hub, favors further consolidation among its banks, according to a top official and the head of a leading lender. The...
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Emirates NBD holds its 12th General Assembly Meeting

Emirates NBD held its 12th General Assembly Meeting at the Bank’s Headquarters. At the General Assembly Meeting, a review of the year ended 31 December...
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Bahrain Offers Incubator-Style Regulatory Program for Crypto

Bahrain, once the Middle East’s hub for financial industries, is attempting to regain its footing by allowing companies using cryptocurrency to work in the...
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Deutsche Bank AG Seeks to Rebuild in Middle East After Cost...

Deutsche Bank AG aims to rebuild in the Middle East after years of cost cutting and has hired executives to help win debt and...
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SocGen Sees Saudi Arabia Opportunities After Mideast Expansion

Societe Generale SA (SocGen) sees more opportunities in Saudi Arabia as the kingdom seeks to diversify its economy away from oil, the bank’s chief...
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UAE Federal Bank to Sell Bond Following Passage of Debt Law

A federal lender in the United Arab Emirates (UAE) will be the first to utilize the country’s newly effective debt law by selling its...
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