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Fri, 20 Nov 2009 | 22:10 GMT
 

  • SHB Launches New Credit facility for its Customers


    Saudi Hollandi Bank (SHB) launched for its customers a new credit facility that enables them to transfer the outstanding balances of all their credit cards issued by other banks to a Saudi Hollandi Bank credit card, provided that the Bank shall pay all the due amounts on the customer's credit cards to other banks. Press Release - 20Nov 12:09GMT
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  • Gulf Investment Corporation Lowered to 'BBB-/A-3'; Outlook Stable


    Standard & Poor's Ratings Services said it downgraded its long- and short-term counterparty credit ratings on Kuwait-based wholesale institution Gulf Investment Corporation G.S.C. (GIC) to 'BBB-/A-3' from 'BBB/A-2'. The outlook is stable. Press Release - 20Nov 09:37GMT
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  • NBE, Banque Misr raise rates on certificates


    The National Bank of Egypt (NBE) and Banque Misr have raised the interest rate on their Egyptian pound certificates (the platinum and special certificates) by 75 bps, to reach 9 percent from the current 8.25 percent, reported Al-Alam Al-Youm. Daily News Egypt - 20Nov 09:25GMT
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  • 18 companies' shares went down in ISX trading


    Shares of 36 joint-stock companies out of a total electronically-registered firms exchanged hands during Thursday's session in the Iraqi Stock Exchange (ISX), with shares of 18 firms going down and 12 up to close at 105.39 points in a fifth decrease in a row this week.ISX Aswat Aliraq - 20Nov 09:17GMT
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  • Number of credit, debit cards reach 1.6 million in Lebanon


    Figures released by the central bank of Lebanon show that the number of credit and debit cards issued in Lebanon reached 1.61 million cards at the end of September 2009, constituting a 1.3 percent decrease from end-June 2009. The Daily Star - 20Nov 08:05GMT
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  • Mohammad Alters ICD, Dubal Boards


    Dubai His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued a decree reshuffling the board of the Investment Corporation of Dubai (ICD). Gulf News - 20Nov 06:35GMT
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  • Success of SAR-Denominated Bonds Reflects Increasing Demand For Debt Issues And Growing Saudi Capital Market


    The success of Gulf International Bank's (GIB) Saudi Riyal-denominated bond issue in the Kingdom of Saudi Arabia earlier this month has given a positive signal to the country's financial market. Press Release - 19Nov 14:41GMT
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  • CFA Bahrain Society appoints new President and Board of Directors


    CFA Bahrain, the Kingdom's pre-eminent association for local investment professionals consisting of portfolio managers, investment advisors, educators and other financial professionals, has today announced its new board of directors. Press Release - 19Nov 12:05GMT
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  • Société Générale Group opens a wealth management office in Bahrain


    Societe Generale Group is further strengthening its wealth management activities in the Middle East with the creation of a new office in Bahrain under the brand Societe Generale Wealth Management. Press Release - 19Nov 10:42GMT
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  • International Institute of Strategic Studies signs up with GBCORP Tower


    HE Shaikh Khalid bin Ahmed Al-Khalifa, Foreign Minister of Bahrain and Dr John Chipman CMG, Director General and CEO of the International Institute for Strategic Studies (IISS) have signed an MoU that facilitates and supports the establishment of an IISS-Middle East office in Manama. Press Release - 19Nov 09:38GMT
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ING's Farah Foustok Discusses Bank's Regional Plans
 
Farah Foustok, CEO of ING Investment Management, talks about winning the Achievers Award from Emirates Women Magazine. Foustok also discusses her company's regional plans.
Dubai Eye - 19 Nov 2009

 

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Commercial Bank of Kuwait (CBK)
EFG Hermes - 16 Nov 2009

EFG maintains its ST/LT REDUCE recommendation on CBK with a target price of KWD 0.77 representing a 22.22% downside potential to the current market price of KWD 0.99 (as of Nov 16, 2009). The bank is expected to record FY09 net loss FY09 of KWD 3.1 million, compared to net profit of KWD 100.7 million for FY08.

 
 
 
 
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