http://www.arabtimesonline.com/kuwaitnews/pagesdetails.asp?nid=18905&ccid=12 Business News Citi, Raya back Kuwait ambitions KUWAIT CITY : The decision of Citigroup to invest in Kuwait demonstrates the growing regional and global confidence in the country as it seeks to achieve the ambition of HH the Amir to encourage the growth of Kuwait as a major financial hub, says Sheikh Sabah Nasser […]
Citi announced the appointment of Samad Sirohey as Chief Executive Officer of Citi Islamic Investment Bank & Head of Global Islamic Banking. United Arab Emirates: Tuesday, May 06 – 2008 at 15:45 PRESS RELEASE Samad has been with Citi for the past 14 years. Prior to this appointment, he was the Co-Head of […]
01 June 2008 http://tinyurl.com/6z9t5y Citibank signs up with Emcredit for credit information services Emcredit, the UAE’s first private credit information services company, announced today that it will provide credit information and risk assessment services to Citibank. In the initial phase of the agreement, Citibank will utilise Emcredit’s emBounce services to gain better perspective on the […]
The problems at Citigroup (C) keep getting worse. BusinessWeek has learned that one of Citi’s top brokers has bolted the bank to sign on with Credit Suisse (CS). Richard Zinman and his team of junior brokers officially left Citi on May 30, according to people familiar with the matter, in part because so many of […]
Citigroup to move capital markets chief to Dubai Bloomberg Published: May 15, 2008, 10:07 Dubai: Citigroup Inc. is expanding its debt markets business in Dubai by transferring its co-head of Europe, Middle East and African capital markets from London. Atiq Rehman, appointed co-head of the EMEA capital markets business on May 12, said he […]
On Thursday Citi announced Alberto Verme, Global Co-Head of Investment Banking, will relocate to Dubai. http://tinyurl.com/3wb8g2 The move underscores Citi’s commitment to the Middle East, one of the world’s fastest-growing and most important regions, and is consistent with Citi’s efforts to deploy its best leaders against its most important and promising growth opportunities, […]
, Apr 30, 2008 Reuters http://news.asiaone.com/News/Latest%2BNews/Business/Story/A1Story20080430-62621.html NEW YORK, US – CITIGROUP said it plans to sell US$3 billion (S$4 billion) of common stock to bolster its capital levels, sending its shares down in after-hours trading.The largest United States bank is raising capital after suffering a US$15 billion net loss over the last two […]
Citigroup near sale of $12 billion loans: sources 1 hour, 39 minutes ago (DIC has already invested in Citigroup, so now all these new investors will be partners with Dubai ) NEW YORK (Reuters) – Citigroup Inc (C.N), the largest U.S. bank, is close to selling about $12 billion of leveraged loans and bonds […]
March 20, 2008 07:46 AM Eastern Daylight Time www.businesswire.com To save a permanent link to this news, right-click the dateline (Ctl-click on a Mac) to copy the link. Track Developments in Product Innovation and Customer Targeting in Asset Management With Q4 07 Report DUBLIN, Ireland–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/reports/c86427) has announced the addition of Datamonitor’s […]
http://www.forbes.com/markets/2008/03/06/dubai-citigroup-update-markets-equities-cx_md_0306markets24.html Market Scan Citi Sinks As Dubai Denies Maurna Desmond, 03.06.08, 4:35 PM ET Dubai International Capital must’ve been misunderstood. On Thursday the firm said that, contrary to earlier reports, it has no privileged information about Citigroup and has no opinion about its current dire situation. This statement, however, directly contrasts words from the firm’s […]
DIC says Citi has not approached it for money http://archive.gulfnews.com/articles/08/03/07/10195510.html 03/07/2008 01:24 AM | Staff ReportDubai: Dubai International Capital (DIC), the international investment arm of Dubai Holding, yesterday said it has not been approached by Citigroup for money.In an e-mailed statement, DIC said: “We have not been privy to any non-public information about the […]
Market Scan Citi Turns To Bond Market-Forbes http://www.forbes.com/markets/economy/2008/03/05/citigroup-securities-capital-markets-equity-cx_md_0304markets25.html Maurna Desmond, 03.05.08, 3:00 PM ET Citigroup, under pressure to raise capital, is making a big bet that it can raise money from yield-hungry investors. It is selling a $2.5 billion bond issue, most of which it is underwriting by itself. Wednesday, Citigroup said it would sell […]
Dubai: Citi May Need More Cash by Jeffrey Cane Mar 4 2008 S.W.F.’s differ over bank investments. Asked about the billions of dollars invested in Citigroup by rival sovereign wealth funds and Prince Walid bin Talal of Saudi Arabia, Sameer al-Ansari, the British-educated chief executive of Dubai International Capital, told a private equity conference […]
Gulf investors not enough to rescue Citigroup: Dubai (Reuters) Reuters – Gulf investment agency Dubai International Capital (DIC) said on Tuesday it would take “a lot more money” to rescue Citigroup Inc following investments from Abu Dhabi, Kuwait and Saudi Arabia’s Prince Alwaleed. www.foxnewsonline@foxnews
Investors Business Daily-The Risky Business of Islamic Finance
The Risky Business Of Islamic Finance By INVESTOR’S BUSINESS DAILY | Posted Wednesday, February 27, 2008 4:30 PM PThttp://www.ibdeditorials.com/IBDArticles.aspx?id=289008131344615 Islamofascism: Shariah banking has come into vogue in the West, as even cash-strapped U.S. banks try to attract free-flowing Arab petrodollars. But it poses major risks. Wall Street beware. Related Topics: Religion With oil prices […]
January 28, 2008 12:28amThe Australian US makes a U-turn on foreign buyers jserve.write(“/SITE=TAUS/AREA=NEWS.FINANCE.FTBUSINESS/AAMSZ=110X40/”); ipt> Bob Davis and Dennis K.Berman | January 28, 2008 TWO years ago, the US Congress pressured the Arab emirate of Dubai to back out of a deal to manage US ports. Today, governments in the Persian Gulf, China and Singapore have […]
The Selling of America-Overseas Investors Buy Aggressively in the U.S.
Overseas Investors Buy Aggressively in U.S. By Peter S. Goodman and Louise Story Go To Original Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company established a new factory in Adrian, Mich., adding 189 automotive jobs to an area accustomed to layoffs. In December, a British company bought […]
List of Major Banks dealing with Shariah Finance-tools for research
Here is a list of banks that are expanding the Islamic Shariah industry worldwide. Also, a link to the major periodicals that discuss Shariah Finance. In order to combat this rising influence on our banking industry, you must learn and understand what it is. This type of banking is a screen to infiltrate into a […]
Since the end of last year a number of Fortis branches are enabling Muslims to invest in made-to-order investment funds. These are shares that were carefully selected on the basis of Islamic sharia law. Companies that are linked to alcohol, tobacco, pork, financial services, weapons and entertainment are excluded. “The Muslims are an important client […]
Judith Miller-Abu Dhabi:East Leans West-while radical Islamists fight to restore the Dark Ages, a modern sheikdom invest in Western Culture
Great Article about Abu Dhabi and the lust for wealth by investing in the West. Judith Miller was former reporter for the New York Times. comments by Allyson Rowen Taylor Judith Miller Abu Dhabi: East Leans West While radical Islamists fight to restore the Dark Ages, a modernizing sheikhdom invests in Western culture. Winter 2008 […]
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