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Tue, 09 Feb 2010 | 21:17 GMT
Tue, Feb 09, 2010, 21:17 GMT
 

  • Iraq Co For Bk Guarantees Extends Loans To SMEs


    The Iraqi Company for Bank Guarantees, or ICBG, has guaranteed 1,075 loans granted to small and medium-sized enterprises worth nearly $16.5 million in the last three years, its chairman said. Zawya Dow Jones News - 09Feb 10:53GMT
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  • S&P Sees ME Corp Defaults, Plans Growth


    Standard & Poor's, expects more corporate defaults in the Middle East after Dubai World's debt crisis but doesn't foresee a change in the creditworthiness of oil-rich Gulf Cooperation Council. Zawya Dow Jones News - 09Feb 07:52GMT
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  • High-tech M&A deals fetch $27.2bn


    Despite the recession, mergers and acquisition (M&A) activity in the high-tech sector worldwide made 365 deals worth $27.2 billion by September 2009, the highest total since December 2007, according to a new report by Booz & Company. Arab News - 09Feb 07:21GMT
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  • Public Investment Fund to pay 20% of firm's capital


    The Public Investment Fund (PIF) has issued its approval to contribute 20 percent of the new home finance company's total capital of SR2 billion. This represents the single largest investment in a mortgage company in the history of PIF. Arab News - 09Feb 07:20GMT
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  • Nasdaq Dubai alters hours


    Nasdaq Dubai, one of two bourses in Dubai, is changing its opening hours to those of sister exchange, the Dubai Financial Market, in its latest attempt to boost trading, it said. Arab News - 09Feb 07:16GMT
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  • GCC is one of the strategic regions for BNP Paribas bank


    GCC is one of the key focus regions for BNP Paribas, a European leader in global banking and financial services. The bank, termed one of the six strongest banks in the world by Standard & Poor's, continued to expand in this region and even recruited more staff. Emirates Business 24/7 - 09Feb 06:53GMT
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  • Qatari Banks Look To Open Branches In Saudi Arabia


    A number of Qatari banks have applied for licences to set up branches in neighbouring Saudi Arabia, which is the largest and most populous GCC country. The Peninsula - 09Feb 06:48GMT
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  • Assets of Arab Bank Group exceed $50b


    Arab Bank announced in a press release that the group's net pretax and after provisions income amounted to $782.8 million during 2009. Jordan Times - 09Feb 06:14GMT
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  • Kuwaiti Currency Market Authority fully independent: Al-Haroun


    The recently established Capital Market Authority (CMA) is a wholly independent body that is not affiliated in any way to the Ministry of Commerce and Industry, said Kuwait's commerce and industry minister Ahmad Al-Haroun. Kuwait Times - 09Feb 06:06GMT
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  • Emirates NBD launches Jersey offshore deposits


    Emirates NBD, the largest banking group in the Middle East in terms of assets, announced yesterday the launch of Jersey offshore deposits, an attractive and flexible multi-currency, fixed-deposit product, offering easy international access, potential tax efficiencies and total confidentiality. Gulf News - 09Feb 05:33GMT
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915 members in Fin. Services
 
 
Zawya Select
ZawyaSelect
Rating Rage
At least 10 companies in the Gulf have severed ties with credit ratings agencies in the past year, highlighting tensions arising from a series of downgrades and revised assumptions of government support.
 

 
Saudi Arabia
Soaring Investments
Saudi Arabia's banks boosted their investments abroad by a record high of nearly 75% through 2009 to counter slackening credit demand at home and the absence of government bonds.
 

 
Angel Envestors
Envestors, a private investors club, which operates in London, Dubai and Jersey, invests up to £2m a time and acts as a business angel to emerging companies.
 
 
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Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Suez Canal Company For Technology Settling Egypt 286
2 Saudi Printing and Packaging Company Saudi Arabia 262
3 Privatization Holding Company Kuwait 220
4 National Leasing Holding Qatar 213
5 International Company for Leasing Egypt 186
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