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    <title>International Investment Bank posts Q3 results</title>
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    <pubDate>Thu, 19 Nov 2009 10:36:12 +0400</pubDate>
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        Bahrain-based Islamic investment lender, International Investment Bank (IIB) has reported a net loss of $0.6m for the third quarter of 2009, compared to a net income of $0.8m earned in the same period of 2008. The loss is attributed to fewer investment banking transactions due to current market situation. Net loss for the nine month period was $2m, compared with net income of $12m for the same period last year, IIB said.
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    <title>Gulf Bank 'expects 2010 profit'</title>
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    <pubDate>Thu, 19 Nov 2009 10:29:04 +0400</pubDate>
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        Michel Accad, CEO of Gulf Bank KSC has said that the bank expects to make a profit in 2010 as operating income increases, Bloomberg has reported. 'Next year will be positive for the whole year. Even in a quite bad scenario we're making money,' he said. Earlier in November, Gulf Bank had some of its credit ratings cut at Standard &amp; Poor's, which said the lender is in a 'weaker position' than some of its rivals.
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    <title>Al Hilal inks Anti Money Laundering tech deal</title>
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    <pubDate>Wed, 18 Nov 2009 10:20:40 +0400</pubDate>
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        UAE-based government-owned Islamic lender, Al Hilal Bank has signed a contract with Ireland-based Norkom Technologies to implement its Anti-Money Laundering (AML) and Watch List Management (WLM) solutions across its operations in Abu Dhabi, Al Ain and Dubai. The AML software will help the bank to monitor and analyze transactions and customer interaction across its entire customer base to identify and investigate suspicious and criminal behaviour. The WLM solution will automatically alert Al Hilal if any entity attempting to transact with it, is listed on any of the industry's watch lists.
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    <title>International Bank Qatar launches card programme</title>
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    <pubDate>Wed, 18 Nov 2009 10:01:38 +0400</pubDate>
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        International Bank of Qatar (IBQ) has launched its merchant partner programme, offering up to 35% savings on the use of its full range of credit cards. Under the programme, IBQ will offer a range of limited-period promotions throughout the year to tie in with various community events and occasions, such as festivals and holidays. The first promotion under the merchant partner programme is running from November 15 to December 31, 2009, and includes a range of leading retail outlets and brands across Qatar.
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    <title>UAE lenders up loan provisions</title>
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    <pubDate>Tue, 17 Nov 2009 10:33:12 +0400</pubDate>
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        According to data by the UAE central bank, an additional Dhs4bn was set aside by lenders in the country for non-performing loans (NPL) during Q3, Reuters has reported. Provisions for NPLs set aside for specific defaults at September 30 had totalled Dhs27.8bn, compared to Dhs18.6bn at the end of September 2008. 'Although specific provisions are increasing, from a general economic perspective, we can see a slowing down of NPL growth, even though they are still growing,' Deepak Tolani, banking analyst at Al Mal Capital said.
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