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Banking & Finance

Mashreq posts 34% jump in net profit
The bank said the strong growth mainly comes from increasing lending, deposits; new products, and corporate accounts.
Egypt received $7 billion of promised $12 billion in Gulf aid: Central Bank
Egypt has received $7 billion out of the $12 billion in aid pledged by Gulf countries, its central bank governor said on Sunday, adding that he expected further support from the UAE, Saudi Arabia and Kuwait.
Lebanon central bank selling govt bonds to boost liquidity
Lebanon’s central bank has been selling some of its holdings of international bonds issued by the Lebanese government to improve its foreign currency liquidity, central bank governor Riad Salameh said on Sunday.
Oman plans to issue sovereign, Islamic bonds next year
Oman’s government may issue an international sovereign bond and an Islamic bond next year, its central bank chief Hamood Sangour Al Zadjali said on Sunday.
MasterCard, Dubai Business Women Council in partnership
MasterCard and the Dubai Business Women Council, or DBWC, a part of the Dubai Chamber of Commerce and Industry, on Friday announced a collaboration to drive entrepreneurship among women in the emirate.
Emirates NBD unit honoured for third year
Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, the leading bank in the region, announced that it has been named Best Asset Management Company at the annual Arab Achievement Awards 2013.
Mashreq, Indian bankers eye strong UAE-India ties
UAE’s leading financial institution, Mashreq hosted a meeting for a senior delegation from the Indian Banks’ Association represented by prominent public sector banks.
UNB wins awards
Union National Bank received the “Most Admired Service Provider in Financial Sector Award” at the Asian BFSI Awards held alongside the third Asian Leadership Awards (ALA) event recently at the Movenpick Hotel, Dubai.
Pak rupee seen stabilising on inflows after IMF loan
Pakistan’s currency is set to stabilise after falling to a record low as a $6.6 billion loan from the International Monetary Fund spurs capital inflows, Finance Minister Ishaq Dar said in an interview.
NBAD refinances Galleria
Mubadala Real Estate & Infrastructure (MREI), a business unit of Mubadala Development Company PJSC, and Gulf Related have refinanced the debt of their signature joint project, The Galleria on Al Maryah Island.
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