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    <title>Bahrain's GIB sets initial price for bond issue</title>
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    <pubDate>Sat, 07 Nov 2009 10:55:03 +0400</pubDate>
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        Bahrain's Gulf International Bank (GIB) has said its initial price guidance for its Saudi bond issue will be at 130 to 140 basis points above the Saudi interbank offered rate (Sibor), MEED has reported. The bond will be offered through private placement and will be riyal dominated with a tenor of three years.
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    <title>Visa launches money transfer in UAE</title>
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    <pubDate>Thu, 05 Nov 2009 10:40:51 +0400</pubDate>
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        Visa Inc. has announced the launch of its money transfer service in the UAE, the Associated Press has reported. The payments processor will work with UAE Exchange, a remittance and exchange house. The service is expected to launch later this month, bringing the number of countries in which the service is available to 14.
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    <title>Gulf Bank posts profit</title>
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    <pubDate>Thu, 05 Nov 2009 10:35:10 +0400</pubDate>
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        Egypt-based lender, Gulf Bank has reported a net profit for the first nine months of 2009 of EGP71.7m, a 14% fall compared to EGP83.7m during the same period of 2008, Reuters has reported. The bank had added provisions of EGP5.85m during the quarter, down from EGP41.9m in the 2008 period.
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    <title>CBQ dollar bond issue would list on LSE</title>
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    <pubDate>Thu, 05 Nov 2009 10:29:31 +0400</pubDate>
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        Commercial Bank of Qatar has said that any potential US dollar bond issue would be listed on the London Stock Exchange, Reuters has reported. The issue will take the form of Tier II capital or senior notes, the bank said.
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    <title>Pioneers moots Beltone stake</title>
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    <pubDate>Thu, 05 Nov 2009 10:18:23 +0400</pubDate>
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        Egypt's stock exchange has said that Pioneers Holding is in talks to buy a stake in investment bank Beltone Financial, Reuters has reported. 'Pioneers Holding said there was contact between the company and Beltone for acquiring a percentage of the capital [of Beltone],' the exchange said in a statement, adding that the two firms had not yet reached an agreement.
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