Thursday , 21 September 2017

Tag Archives: Bank

China’s Legend strikes $1.8bln deal to buy Luxembourg’s BIL bank from Qatari investors

China’s Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg (BIL) from Qatar’s royal family for 1.48 billion euros ($1.76 billion), marking its biggest overseas acquisition. Legend, owner of computer group Lenovo Group Ltd , is acquiring 161-year-old BIL from Precision Capital, an investment vehicle of Qatar royal family members including …

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Nineteen UAE listed banks posted $5.17bln in H1 net profit

A total of 19 listed banks reported H1 net profit of around AED19 billion, a 3.8 percent growth from around AED18.3 billion during the corresponding period last year. Matching previous expectations, the gains reflect the banking sector’s resilience and ability to cope with the fast-paced, multifaceted developments witnessed by the national economy which in its turn has maintained decent growth …

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AfDB, Islamic Development Bank sign new $2b deal to fund energy, SMEs, human development programs

The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level. Both parties have agreed to jointly pull together the sum of US $2 billion over the next three years to finance projects in agriculture and food security, renewable energy, small and medium enterprises, and human development (health and …

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Launch of Banking App for the Apple Watch by Saudi Hollandi Bank

SHB’s Apple Watch App will provide access to account balances, conduct bill pay transactions, and receive real-time notifications of banking activity right on customer’s wrist. Saudi Hollandi Bank, announced the launch of a banking app designed for the Apple Watch, a first in the Kingdom amongst transactional banking apps for a wearable device. The SHB Apple Watch app will enable …

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Saxo Bank: Agricultural Bank of China ranks as most traded single stock in Lebanon

Saxo Bank, the online multi asset trading and investment service provider, has announced the five most traded single stock CFDs on the SaxoTraderGO platform, with Agricultural Bank of China the most traded single stocks for Lebanon. Agricultural Bank of China is one of the “Big Four” banks in China, with 320 million retail customers, 2.7 million corporate clients and nearly …

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NBK awarded “Best Private Bank for 2016 in Kuwait”

Euromoney’s Annual Survey for industry experts worldwide. Khalife: the award reflects the constant confidence Private Banking customers vest in NBK. National Bank of Kuwait (NBK) has been awarded the “Best Private Bank for 2016” in Kuwait in Euromoney’s Annual Survey surpassing global banks in wealth management and private banking services. NBK topped the list of nominees, outmatching renowned international banks …

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