al khaliji introduces ,Cyfusion,CO: qatar,COs first interest paying current account.Summary: al khaliji introduces a next generation innovation with the launch of its new CyfusionCO account, the first in Qatar to pay customers interest on their current account. The new al khaliji next generation product called CyfusionCO, combines the convenience of a current account with the growth potential of a savings account Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: in one account. CyfusionCO has also been created to make it easy for customers to access their funds while earning a competitive interest rate on their balances. al khaliji introduces a next generation innovation with the launch of its new CyfusionCO account, the first in Qatar to pay customers interest on their current account. The new al khaliji next generation product called CyfusionCO, combines the convenience of a current account with the growth potential of a savings account in one account. CyfusionCO has also been created to make it easy for customers to access their funds while earning a competitive interest rate on their balances. Welcoming CyfusionCO to the market Andrew Liew, al khaliji Managing Executive, Retail Banking commented: CyfusionCO is new. CyfusionCO is exciting. With a CyfusionCO account, our customers enjoy an attractive return on their hard earned savings and easy access to their funds via cheque books, ATMs and over the phone. CyfusionCO is a fresh approach to banking, offering an account which maximises both value and convenience for our customers.C[yen] He added: C[pounds sterling]For a nominal monthly fee, al khaliji customers are not just saving money, they are getting much more. Our customers also enjoy a wide range of services, including instant account opening through our newly opened branches at Q-Post and C-Ring, instant cheque book and international Visa debit card issuance, and telephone banking services around the clock by calling Cyal khaliji answersCO on 494 0000.C[yen] About al khalijial khaliji was incorporated in Doha in January 2007 with an aim to become a regional GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). bank offering conventional and Islamic banking services. Since incorporation al khaliji completed its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. and listing on the Doha Securities Market The Doha Securities Market is the principal stock market of Qatar. The market was founded in 1997 and is located in the capital city of Doha. Its name is abbreviated to DSM. The DSM's principal stock index is the DSM-20, composed of 20 major company listings, or equities. and raised QAR QAR In currencies, this is the abbreviation for the Qatari Riyal. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 7.2bn of authorised capital, recruited 337 staff, successfully launched all four of its business lines (Corporate & Institutional Banking, Treasury & Debt Capital Markets, Premium / Business and Retail Banking). It also announced a commercial agreement to purchase the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. assets of BLC BLC Boston Library Consortium BLC Bethany Lutheran College (Minnesota) BLC Back Light Compensation (video cameras) BLC Belo Corporation (stock symbol) BLC Broadband Loop Carrier (France) S.A. and opened an office in the Dubai International Financial Centre The Dubai International Financial Centre (DIFC) is a near-shore financial hub for the MENA containing a capital market designated as a financial free zone in Dubai. It is established to create an environment for growth, progress and economic development in the UAE and the wider . al khaliji key milestones - Since our incorporation in January last year, al khaliji has passed many key milestones on its journey towards delivering what we call C[pounds sterling]next generation bankingC[yen] to our customers. Our fresh approach to banking informs everything we do, from communicating important financial information to our shareholders, listening to our customers and how we talk to and treat our fellow colleagues. Highlights so far include: 2008:Co aAaAaAQ3 (337 staff) Co we opened our first full service branch on C-Ring Road. We arranged two regional deals worth over $6.6bn contributing US$100 for Dubai World and US$ 70mm for Orascom Telecom Iraq CorpCo Q2 (317 staff) Co we launched our retail banking operations in Qatar and opened C[pounds sterling]al khaliji Q-Post CentreC[yen] in West Bay. We also received a license from the Dubai International Financial Centre (DIFC DIFC Dubai International Financial Centre ) to operate in the UAE for non banking activities. In the same quarter we received the approval to open Islamic banking branches in Qatar and we are joint lead manager for AED AED - Automated Engineering Design 600mln Sukuk issue for Almana GroupCo Q1 (260 staff) Co we announced our Q1 2008 Interim Condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. Financial Statements and contributed $75mln as one of the mandated lead arrangers in $700mln financing deal for Barwa Real Estate Company 2007Co Q4 (241 staff) Co we launched our Corporate and Institutional Banking business ahead of schedule with key corporate deals including major loans for Q-Tel, Dubai World and Barwa. We participated in the Qatari Capital Markets Day at the London Stock ExchangeCo Q3 (137 staff) Co our shares began trading on the Doha Securities Market. We entered negotiations to purchase the UAE assets of BLC Bank (France) S.A.Co Q2 (61 staff) Co our QR 1.2bn Initial Public Offering introduced a new, quick, transparent and fair process for allocating shares attracting 86,547 investorsCo Q1 (2 staff) - our head office in West bay, Doha was established and we launched our QR 2.88bn private equity placement Mashreq CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Abdul Aziz Al-Ghurair to be honored in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of by ABANA The Arab Bankers Association of North America (ABANA) will present Abdul Aziz Abdullah Al-Ghurair, Chief Executive Officer of MashreqBank, with its 2008 Achievement Award during a gala dinner event on Tuesday, October 14, 2008. Each year, ABANA presents the Achievement Award to exceptional individuals or groups who have made significant contributions to the financial services industry in the Arab world, or individuals of Arab descent who have made considerable contributions to the field in general. Previous recipients of the ABANA Achievement Award have most recently included the Lebanese banking system represented by H.E. Mr. Riad SalamE[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ], Governor of the Banque du Liban Banque du Liban (Arabic: مصرف لبنان, French: Banque du Liban) is the central bank of Lebanon. , Dr. Mohamed
El-Erian, Co-CEO of PIMCO PIMCO Pacific Investment Management Company , Faisal Hamad Al Ayyar, Chairman of United
Gulf Bank, Lubna Olayan, CEO of Olayan Financing Company, Dr. Richard
Debs, Founding President of Morgan Stanley International, and Prince
Alwaleed Bin Talal, Chairman of Kingdom Holding Company.
This year, ABANA is proud to celebrate Abdul Aziz Al-GhurairCOs accomplishments. Mr. Al-Ghurair joined MashreqBank in 1977, working in a progressive capacity until he acquired his leading post in the early 1990s. A strategic leader and man of distinction, his determination to distinguish Mashreq has taken the bank to new levels of success. His carefully-planned strategy has made Mashreq one of the top banking institutions in the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. . C[pounds sterling]ABANA is honored to present the 2008 Achievement Award to Abdul Aziz Al-Ghurair for his business acumen, commitment to excellence and substantial achievements,C[yen] said Laura Osman, President of ABANA. Mr. Al-Ghurair is also President of Al-Ghurair City, Chairman of Masafi Mineral Water Company and Director of Abdulla Al-Ghurair Group of Companies. Mr. Al-Ghurair is on the board of the Dubai Chamber of Commerce and Industry, the Economic Council of Dubai and a member of the Governing Council of DubaiCOs Higher Colleges of Technology The Higher Colleges of Technology (HCT) was established in 1988, and is now the largest institution of higher learning in the United Arab Emirates (UAE) with over 16,500 students. . In August of 2006, Mr. Al-Ghurair was appointed Chairman of the Arab Business Angels Network. Mr. Al-Ghurair, a native of the United Arab Emirates, holds a BachelorCOs in Engineering from California State Polytechnic University in the United States. The award ceremony, which will be held at The Pierre Hotel in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , will begin with a reception at 6:00 pm followed by a dinner gala at 7:00 pm. For more information about the event, including attendance and corporate sponsorship opportunities, please visit www.arabbankers.org. About ABANAABANA is a not-for-profit professional association with more than 600 individual members and 60 institutional members from the financial services industry in the Arab world and in North America. Through its programs, web site and publications, ABANA fosters improved relations, information-sharing and understanding between the Arab and American public and private financial sectors. A[umlaut] 2008 Al Bawaba (www.albawaba.com) A[umlaut] 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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