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Banking & Finance

Insurance critical for GCC’s new boat owners
New boat owners taking their vessels out to sea to cool off during the summer are advised to purchase insurance or could put themselves at risk, according to an industry expert.
Fourth straight quarterly profit dip for Al Rajhi
The bank said it made SR1.95 billion ($520 million) in the three months ending June 30, compared with SR2.12 billion in the same period a year earlier
NBAD Dividend Leader wins newcomer award
The National Bank of Abu Dhabi’s (NBAD) Mena Dividend Leader Fund has been voted the ‘Newcomer Fund of the Year 2013’ by Zawya at the Mena Asset Management Conference and Awards 2014.
Mashreq scores at Smart Card & Payments Awards
Mashreq recently won the awards for ‘The Best Debit Card’ and ‘The Best mPayment Innovation’ at the annual Smart Card & Payments Awards, Middle East 2014.
ECB under pressure to get growth-sapping euro down
Draghi likely to be grilled about the health of Europe’s financial system
European Union banks urged to shun bitcoins
Bitcoin, the best known of the 200 or so computer-generated currencies, started circulating in 2009, and acceptance has been growing as more merchants allow customers to pay for goods and services in the currency.
KHC, PineBridge ME sign agreement
Kingdom Holding Company, or KHC, and PineBridge Investments Middle East have signed a memorandum of understanding to establish a joint venture platform to invest in direct private equity opportunities in Africa.
ADCB Visa customer to watch Fifa final
Mohammed Kormath, a UAE resident and an Abu Dhabi Commercial Bank Visa cardholder, was announced as the winner of Visa’s 2014 Fifa World Cup promotion and will be attending the final match in Rio de Janeiro on July 13.
Emirates NBD Visa client off to Fifa final
The winner of Visa’s 2014 FIFA World Cup promotion, UAE resident Mosowon Zingkhai, an Emirates NBD Visa cardholder, is off to attend the final match of the 2014 Fifa World Cup Brazil, which will be held in Rio de Janeiro on July 13.
European Central Bank keeps rates unchanged
Central bank is assessing the impact of the measures presented last month
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