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Tag Archives: Finance

No asset can be viewed as truly safe: IMF

The global financial crisis and concern about debt levels in many advanced economies showed no asset could be viewed as truly safe, the International Monetary Fund (IMF) said on Wednesday. “Recent rating downgrades of sovereigns, previously considered virtually riskless, reaffirm that even highly rated assets are subject to risks,” the IMF noted in a report released ahead of its and …

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Statement by an IMF Mission to Egypt

A staff mission from the International Monetary Fund (IMF) visited Cairo from March 25 to April 10 to continue discussions on possible financial support requested by the Egyptian authorities for their economic program. At the conclusion of the visit, the mission issued the following statement: “The IMF team held productive discussions with the Egyptian authorities, and met with members of …

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SHUAA Capital appoints Colin Macdonald as Group CEO

  SHUAA Capital, the leading financial services institution in the GCC region, announced today that His Highness Sheikh Maktoum Hasher Al Maktoum will assume the position of Executive Chairman with immediate effect. The company also announced that Colin Macdonald will join the company as Group Chief Executive Officer from 12 April 2012. He will take Michael Philipp’s place who has …

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The 8th Financial Technology Summit to discuss Arab Banking Innovation and Competitiveness

WAM Abu Dhabi, 4th April 2012 (WAM) — The 8th Financial Technology Summit ‘&’ Meetings Middle East will be held in Abu Dhabi from 10th to 11th April, 2012, bringing together the technology leaders of the top 100 Arab Banks to discuss “Technology as a Pathway for Innovation ‘&’ Competitiveness”. The Financial Technology Summit ‘&’ Meetings Middle East (FT Summit), …

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Palestine Development & Investment Co. Annual Report for the year 2011

The Palestine Exchange (PEX) received the annual report of Palestine Development & Investment Company ( PADICO). It includes audited consolidated financial statement for the fiscal year 2011. PEX disclosure rules give all PEX listed companies three months from the date of the end of the company’s fiscal year to report their annual financial statements audited by the companies’ independent external …

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ictQATAR Hosts Conference on Information Security and Risks for the Financial Sector

  Cyber Security Experts Gather to Discuss New Challenges in Banking, Payment Systems and Finance Financial institutions in Qatar and around the world have always been the target of a variety of criminal and fraudulent activities, and in today’s digital age, cyber-attacks are a regular threat. The Supreme Council of Information and Communication Technology (ictQATAR), through its Qatar Computer Emergency …

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Ericsson & MTN collaborate on M-wallet services

Partnership based on co-development and co-operation drives innovation and change in mobile financial services Ericsson (NASDAQ:ERIC) and MTN Group are establishing a strategic partnership to launch m-wallet services in Africa and the Middle East.  MTN will become the first operator to deploy Ericsson Converged Wallet platform, a new complementary service to the integrated pre-paid charging system and mobile financial services …

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CNBC live from Abu dhabi with focus on investment

CNBC, the leading business and financial news network, will be reporting live from Abu Dhabi this week, focusing on investment opportunities across the region. CNBC journalists Yousef Gamel El-Din and Louisa Bojesen will be interviewing business leaders from across the UAE and providing reports to CNBC’s global television network. On Wednesday CNBC will reporting live, as official media partner, from …

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Dubai Islamic Bank wins three Islamic Finance News awards

Dubai, March 17, 2012: Dubai Islamic Bank (DIB) announced today that it has won three awards at the prestigious Islamic Finance News Awards hosted in Dubai on 29thFebruary 2012. The bank won the awards in the “Corporate Finance,” “Restructuring” and “Structured Finance” Deal of the Year categories. Established in 2005, the Islamic Finance News Awards honour excellence in the Islamic finance industry. DIB was …

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UnitedHealthcare International Launches Strategic Alliance to Offer Insurance in the Middle East

Seamless coverage for UnitedHealthcare’s ‘Global Solutions’ expatriate insurance clients in eight Middle Eastern countries  DUBAI, United Arab Emirates, Mar 14, 2012 (BUSINESS WIRE) — UnitedHealthcare International, a UnitedHealth Group UNH +0.11% company, is offering international insurance coverage to employers with employees in the Middle East through a new strategic alliance with Dubai-based Al Sagr National Insurance Co. This new alliance will provide local …

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