Banking & Finance

Banking & Finance

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Dubai’s largest bank has announced that it will be offering a debt swap to investors in an effort to bolster capital adequacy.  Emirates NBD...

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Bloomberg Markets has released their latest data on the strongest banks in the world, and Singapore’s OCBC (Overseas-Chinese Banking Corp) leads the list.  The...

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While delivering an address at the Oxford Centre for Islamic Studies in London, Malaysian Prime Minister Datuk Seri Najib Razak touted the benefits of...

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IPIC (The International Petroleum Investment Company) revealed in recently disclosed financial statements that the Abu Dhabi government-backed corporation posted a 65% decrease in profits...

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In order to protect he interests of investors, the Dubai government has taken over Dubai Bank from its parent company, Dubai Holdings.  It’s estimated...

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Singapore is looking to overtake Hong Kong as the capital of international fund management.  With $1.1 trillion in assets, up 13% from last year,...

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Next week’s roundtable meetings with the Prime Minister of Malaysia and several big-name US companies is expected to lead to the announcement of a...

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Despite a 31.5% decrease in earnings over the first quarter of 2011, SingTel remains confident about its long-term investment in Indian telecom Bharti.  The...

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In what is seen as a landmark victory against Wall Street Corruption, Raj Rajaratnam was found guilty yesterday on all counts of fraud and...

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The United Arab Emirates seem to have benefitted from international turmoil in neighboring regions, and are touting their reputation as a so-called “Switzerland of...

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After a bizarre series of events, Indonesian regulators have imposed serious sanctions on Citibank Indonesia.  They will be prevented from opening new branches for...

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For a real estate developer such as Mohammad Alabbar, chairmain of Emaar, the Emirati company, there is no time to waste on such trivialities...

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Glencore, the world’s largest commodities trader, recently announced a flotation valued at $11 billion.  Now, Aabar (owned by Abu Dhabi’s International Petroleum Investment Company)...

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In a move uncharacteristic of the secretive Swiss banking industry, authorities there have frozen hundreds of millions of dollars belonging to deposed and current...

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The largest commodities trader in the world, Glencore, has announced that it values its impending flotation at about $61 billion.  Shares will be offered...

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Toby O’Connor has been named the CEO of DBS Group’s Islamic banking branch, Islamic Bank of Asia (IB Asia). After a period that has...

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Corporate, consumer, and SME & commercial lending by Bank Internasional Indonesia Tbk led the Malaysian backed company (Maybank ) to post record growth at...

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In its quest to expand in the Islamic bank industry, Bahraini lender Al Baraka has announced plans to purchase an Indonesian bank at some...