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Banking & Finance

Lloyds Banking Group to cut 9,000 jobs
The bank has already axed tens of thousands of staff since the 2008 financial crisis that triggered a multi-billion-pound state bailout.
National Commercial Bank plans to boost lending amid IPO
The bank expects to fund infrastructure projects, aircraft financing and other specialised opportunities in the United Arab Emirates, Qatar, Bahrain, Kuwait, Oman and Turkey, Mansoor Durrani, the Jeddah-based lenderís senior vice president and head of project finance, said in an interview in Dubai.
China, 21 other countries initiate new Asian bank
The new lender would fund the construction of roads, railways, power plants and telecommunications networks in Asia that global finance officials say are needed to keep the regionís economies humming along.
ICICI Bank launches Easy NRI Account
The Easy NRI Account holder or mandate holder for this account is issued a passbook that can be updated by simply visiting any of ICICI Bankís over 3,600 branches in India.
UAE banks on track to post strong growth
Expansion is mainly driven by robust economic prospects and recovering corporate asset quality
Opportunities for growth in the Islamic finance market
Financially the Middle East region is burgeoning and is challenging traditional financial centres as the major focus for Islamic finance.
IMF begins consultations on Islamic finance
Islamic finance, with its core markets in the Middle East and southeast Asia, is under growing regulatory scrutiny as it takes a greater share of the banking sector in some Muslim-majority countries and makes inroads in Western markets.
National Bank of Fujairahís new equipment finance unit
NBFís equipment finance team will provide tailored solutions to companies and vendors in various industries ranging from transportation and logistics to healthcare and manufacturing.
QNBís profit jumps 12.6% to QR8b in first 9 months
The groupís prudent cost control policy and strong revenue generating capability allowed it to maintain an efficiency ratio (cost to income ratio) of 20.9 per cent, which is considered one of the best ratios among financial institutions in the region.
Emirates NBD unit launches 8 new funds
The newly launched funds are open to investors within and outside the UAE, in line with the companyís global growth strategy and its delivery of investment products to regional and international distribution channels.
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