September 15, 2014


Arab central bank governors meet in Algiers

The governors of Arab central banks and monetary institutions met here on Sunday for their 38th ordinary session, with Governor of Central Bank of Kuwait (CBK) Mohammad Al-Hashel attending.

Addressing the meeting, the chairman of the council of governors of Arab central banks and monetary institutions and governor of the Libyan central bank Al-Sediq Omar Al-Kabir said the gathering came amid political, economic, financial and social challenges triggered off by regional and international developments and changes.

He believed that continuing economic slowdown worldwide seriously affects...

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September 6, 2014


Djezzy secures USD1bn loan from ‘large national bank’

Vincenzo Nesci, president and CEO of Algerian mobile operator Djezzy GSM, has reportedly revealed that the company secured a USD1 billion loan from an unnamed ‘large national bank’, Agence Ecofin reports. The executive disclosed the development on the sidelines of an Extraordinary General Meeting (EGM) of Vimpelcom subsidiary Global Telecom Holding (GTH), which saw the approval of the sale of 51% of Djezzy to"...

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September 2, 2014


Moelis & Company Announces the Appointment of Eric Cantor as Vice Chairman and Member of the Board of Directors

Moelis & Company (NYSE:MC), a leading global independent investment bank, today announced the appointment of Eric Cantor, former United States Representative for Virginia’s 7thCongressional District and former House Majority Leader, as Vice Chairman and Managing Director. Mr. Cantor will also be elected to the Moelis & Company Board of Directors.

In his new"...

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August 26, 2014


Doha Bank CEO Honored with Lifetime Achievement Award

The Institute of Directors, Tamil Nadu State Chapter hosted the Global Summit 2014 on Business Excellence on August 22 and 23, 2014 at ITC Grand Chola, Chennai – India. The theme of the Summit was “Business excellence through Boardroom best practices”. Dr. R. Seetharaman, CEO of Doha Bank participated in the function and was honoured with “Life Time Achievement Award” on 22 August 2014. He received the award from the Chief guest Dr. K. Rosaiya, Hon’ble Governor of Tamil Nadu, India for his"...

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August 18, 2014


Arab Mediterranean banks resilient in the face of turmoil

In the face of the protracted political turmoil in the region that has been hampering policymaking and economic recovery, banking sector in the Arab Mediterranean region has shown extraordinary resilience according to rating agency Standard & Poor’s.

“We continue to believe that banks in the region are poised for recovery if political and geopolitical risks"...

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