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banking

Apr 21

Up to $3 billion in new Eurobonds

Up to $3 billion in new Eurobonds

The government is preparing to issue Eurobonds worth $2.5 billion to $3 billion on May 20, said Minister of Finance Ali Hassan Khalil.

Khalil said the ministry is preparing for the new issue with local and international banks, according to Reuters.

'It is a"...

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Apr 17

Bank of America Reports First-Quarter 2019 Financial Results

Bank of America Reports First-Quarter 2019 Financial Results

Bank of America reported its first-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia."...

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Apr 17

Moody’s Acquires Majority Stake in Vigeo Eiris, a Global Leader in ESG Assessments

Moody’s Acquires Majority Stake in Vigeo Eiris, a Global Leader in ESG Assessments

Moody’s Corporation (NYSE: MCO) announced today that it has acquired a majority stake in Vigeo Eiris, a global leader in Environmental, Social and Governance (ESG) research, data and assessments. The acquisition furthers Moody’s objective of promoting global standards for ESG"...

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Apr 14

World Bank recognizes Amir for supporting development, peace

World Bank recognizes Amir for supporting development, peace

KUWAIT/WASHINGTON: World Bank Chief Executive Officer Kristilina Georgieva announced on Friday an exceptional award handed to HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in recognition of his support of economic and social development worldwide and global peace. This came at a press"...

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Apr 14

Damac raises Dh840M for its London project

Damac raises Dh840M for its London project

Damac Properties has raised £175 million (Dh840 million) loan from three banks for its London project, the developer said in a statement on Saturday. Barclays Bank, which acted as the UK lead bank, Burgan Bank and Emirates NBD raised funds for the Damac Tower at Nine Elms project in London. Niall McLoughlin, senior vice-president, Damac Properties, said this is the final financing package required for the Damac Tower, and any additional investment in London will go towards new real estate projects. 'The UAE continues to be......

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Apr 11

Lebanon’s banking sector deflects criticism of central bank by minister

Lebanon’s banking sector deflects criticism of central bank by minister

Lebanon’s banking sector deflected criticism of the country’s central bank by a Lebanese minister allied with a political party traditionally opposed to Prime Minister Saad Hariri.

In Lebanon’s"...

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Apr 10

Foreign currency debt grows twice rate of lira

Foreign currency debt grows twice rate of lira

The country’s foreign currency debt grew at an accelerating rate in the last three years while the growth in lira debt slowed over the same period, according to the Ministry of Finance’s ‘Debt and Debt Markets’ report for the fourth quarter of 2018.

"...

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Apr 10

Salameh: Banking sector safe and resilient

Salameh: Banking sector safe and resilient

NNA - Governor of the Lebanese Central Bank, Riyad Salameh, on Tuesday maintained that the banking sector in Lebanon was safe and sound, and that it is still resilient despite the country's need of new capital flows.

'The"...

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Apr 10

Machine Learning Will Become Reality In The Near Future 

Machine Learning Will Become Reality In The Near Future 

• Huge opportunities for better business intelligence and across a range of activities carried out by accountants

• Adoption of machine learning needs to be based on legitimate business need rather than just wanting to be seen as using AI

• Ethical"...

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Apr 08

Growth in Egypt market to boost Lebanon's Blom Bank profitability

Growth in Egypt market to boost Lebanon's Blom Bank profitability

Blom Bank, Lebanon’s largest lender by assets, expects a 50 per cent growth in profitability of its Egyptian operations, which will offset a projected decline in the earnings of its network at home, the chairman said.

“Blom"...

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