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Banking & Finance News



Japan to unveil 91 bln dollar economic package: report
Fri, 29 Aug 2008 04:21 AM


Japan's government is finalising an economic package of pump-priming measures worth some 10 trillion yen (91.4 billion dollars) to ease the pain of higher fuel and food prices, a report said Friday.




Dollar touches six-month high against euro

Tue, 26 Aug 2008 11:21 PM

The dollar briefly hit a six-month peak against the euro Tuesday as the market mulled the latest evidence of slowing economic growth in Europe and mixed US consumer and housing sector data.




Cash and identities for sale

Tue, 26 Aug 2008 10:36 PM

A computer containing the personal details of a million bank customers in Britain has been sold ...




ADCB sues US banks and firms

Tue, 26 Aug 2008 10:36 PM

Abu Dhabi Commercial Bank (ADCB) is suing five US financial institutes for fraud, newswire Bloom...




Gulf buzz around sale of Hummer

Tue, 26 Aug 2008 10:36 PM

Abu Dhabi Commercial Bank (ADCB) is suing five US financial institutes for fraud, newswire Bloom...




Euro recovers some lost ground against dollar

Tue, 26 Aug 2008 07:36 PM

The euro came off fresh six-month lows against the dollar Tuesday as the market set the latest evidence of slowing economic growth in Europe against mixed US consumer and housing sector data.




IMF cuts world growth forecasts: source

Tue, 26 Aug 2008 07:36 PM

The International Monetary Fund has cut its world growth forecasts for this year and next in light of the global slowdown, an official said on Tuesday.




US consumer mood brightens a bit: survey

Tue, 26 Aug 2008 03:51 PM

US consumer confidence perked up in August from depressed levels but does not clearly indicate an economic rebound is at hand, the Conference Board reported Tuesday.




Deutsche bank conciudes landmark trade on saudi stock exchange as market opens doors to international investors

Tue, 26 Aug 2008 03:49 PM Tags: Deutsche Bank , conciudes landmark , market opens

Deutsche Bank announced today that it has concluded its first swap agreement on the Saudi stock market (Tadawul)




Dubai Bank achieves highest Information Security accreditation

Tue, 26 Aug 2008 02:59 PM Tags: Dubai Bank , Group company , Security Management

Dubai Bank, a Dubai Group company, has announced its Information Security Management System (ISMS)