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  <description>2005 news and features</description>
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  <copyright>(c) 1996-2009 AME Info FZ LLC / Emap Limited. All rights reserved.</copyright>
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    <title>ADCB taps Singapore bonds</title>
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    <pubDate>Thu, 29 Dec 2005 08:24:01 +0400</pubDate>
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        Abu Dhabi Commercial Bank has completed an SGD80m floating rate note issue, which is part of its USD2.5bn euro medium term note programme established in June 2005, reported Gulf News. The bank becomes the first Middle East issuer to venture into the Singapore dollar bond market. Standard Chartered was lead manager.
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    <title>Mashreqbank, Step-Up account</title>
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    <pubDate>Wed, 28 Dec 2005 09:30:15 +0400</pubDate>
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        UAE-based Mashreqbank is promoting its new Step-Up savings account, where interest goes up depending on the account balance. Interest rates start at 0.75% pa for amounts from Dhs5,000 to Dhs14,999, and rise in steps up to 2.00% pa for amounts over Dhs250,000. Funds can be withdrawn or transferred at anytime. Visit www.mashreqbank.com.
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    <title>Indian fund targets NRIs</title>
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    <pubDate>Tue, 27 Dec 2005 10:53:32 +0400</pubDate>
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        Indian-based Reliance Capital Asset Management has introduced a new product aimed at non-resident Indians in the UAE, called the Reliance Fixed Tenor Fund. The fund will invest in Indian government securities and other fixed income debt securities.
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    <title>Bahrain ups pension contribution</title>
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    <pubDate>Tue, 27 Dec 2005 07:36:55 +0400</pubDate>
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        Bahraini workers will be making bigger contributions to their pensions in 2006, in a government move stem the drain on funds, reported Gulf Daily News. Private sector workers' contributions will go up from between 5% and 7% of wages, while employer contributions will rise from between 10% and 14%.
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    <title>Citibank-Emirates FIFA card</title>
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    <pubDate>Mon, 26 Dec 2005 14:36:44 +0400</pubDate>
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        Citibank UAE and Emirates Airline have rolled out their Emirates-Citibank MasterCard FIFA credit card ahead of the 2006 FIFA World Cup in Germany. Card holders have the chance to win one of 35 all expenses packages being offered, including air fares, accommodation and match tickets. Cards come with automatic membership to Skywards, the frequent flyer programme of Emirates and SriLankan Airlines.
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