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Sunday, 22 November 2009 04:46 UAE time

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Citigroup Incorporation

Main Category: Commercial Banks
Second Address : 399 Park Avenue
City : New York City
Country : USA
Phone: 1 212 5591000
Website: www.citigroup.com


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ALL STORIES LIST


KIA denies UNCTAD asset losses claim

Sovereign wealth fund asks UN agency to correct claim in report that fund’s assets slumped 41% last year.

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Losses narrow at Kingdom Holding

Saudi investment firm controlled by Prince Alwaleed benefits from increase in value of investments.

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Gulf firms must improve investor relations - analysts

GCC capital markets still in infancy; more transparency needed - Citi.

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Mubadala confirms bond sale plans

Abu Dhabi state-owned investment company, plans sale to US and European investors via roadshow.

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Madoff’s $200,000-an-hour beats Tiger

Madoff deserves a more psychically satisfying punishment than rotting in a prison cell, says Alice Schroeder.

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Severe 'undersupply' of housing to hit Saudi by 2012

Demand, population growth could see up to 800,000 unit shortage - Citigroup.

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Abu Dhabi reviewing its Citigroup investment - sources

UAE capital assesses $7.5bn investment as bank's problems deepen - ADIA sources.

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Gov't backing to help Aldar, Sorouh weather storm

Citigroup says Abu Dhabi able to finance, and ultimately buy, all projects in progress.

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Citigroup's 'capital' was all casing, no meat

There something very wrong with the way Citigroup measures capital, argues Jonathan Weil.

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US gov't in $306bn Citi rescue

Gov't agrees to shoulder some losses from toxic debt in latest attempt to bolster industry in turmoil.

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Citi in talks with gov't as share price nosedives

US bank meets with officials as falling share price raises doubts about bank's survival.

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Saudi prince ups stake in US banking giant

Prince Alwaleed bin Talal to increase stake in Citigroup to 5%, shares rise as a result.

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Sovereigns reign again

Concern over sovereign wealth funds has subsided in the West as the global financial crisis deepens.

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Singapore's expatriates relinquish perks

Expats are being hit as the financial crisis heralds new measures by the nation's richest employers.

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On the seventh day, they worked, amid finance crisis

From Wall Street to Washington, the US credit crisis has claimed the leisurely weekend.

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Game over

Global real estate markets are in decline and investors are fleeing the sector as the era of easy credit comes to a dramatic end.

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Citigroup stake loses Kuwait $270mn

UPDATE 2: No loss from Merrill Lynch investment, up to $600mn profit from Visa stake, KIA MD says.

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Is the Gulf ready for home-grown subprime?

Price inflation in the real estate market needs to slow down otherwise the consequences could be severe.

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Dubai's DAE appoints banks to lead $1bn loan - banker

Money will be used to refinance existing debt and general corpoate purposes.

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KIA defends Citi, Merrill investments

Kuwait wealth fund under fire from local media and parliament for investing $5bn in banks.

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Inflation threatens Gulf Arab banks

Citi analysts says lenders face host of dangers from record inflation that risks stunting growth.

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Abu Dhabi's ADIA to slash hedge fund investments

State investment authority favouring funds that track stock index performance.

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Kuwait considering bigger Citi, Merrill stakes

KIA eyeing investments in financial sector, would invest in US banks if opportunity.

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Dubai picking up mantle of world financial capital

'Dubai, Mumbai, Shanghai or goodbye' - Top jobs shift to emirate in wake of credit crisis.

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Citi launches Shariah-compliant products in UAE

Major bank launches products first in UAE to help businesses manage working capital.

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Subprime woes hit Arab Banking

Bahrain bank aims to raise $1bn in share sale after reporting second quarterly loss on risky US investments.

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Crude to average $91 this year

Analysts raise oil prices outlook for remainder of 2008 from $90.5 per barrel in late March, poll finds.

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Wealth fund invetments in West to grow

Questions over motives of state-backed funds will abate, according to Dubai Group chief exec.

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Funds invest $24.4bn last two months

Investment made by sovereign wealth funds almost half volume invested in 2007, data shows.

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Abu Dhabi moves to soothe US fund fears

Emirate writes letter to US Treasury pledging not to use sovereign wealth funds for political ends.

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Wealth funds turn back on Wall Street

State-owned funds ominously absent from rescue of latest casualty in financial crisis engulfing US.

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Saudi stocks drop on global economic fears

Kingdom Holding leads losses as investors limit exposure to US financial sector crisis.

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DIC denies Citi asked for funds

Dubai International Capital dismisses rumours embattled US lender approached them for cash.

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Sustainability: A call for action

A company's journey to becoming more sustainable is not only about reducing costs, explains Brian Armstrong.

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'A lot more money' needed to save Citi

Investment from Abu Dhabi, Kuwait and Saudi Arabia's Prince Alwaleed not enough, DIC chief executive says.

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Buffett rebukes wealth fund critics

Billionaire US investor blames US trade policy for epic rise of sovereign investment funds.

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$60bn Qatar fund to shun US banks

But European lenders likely to see $15bn of investments over next two years, says prime minister.

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West's funding fears 'irrational' - minister

Concerns over sovereign wealth funds shows 'nationalistic backlash' says Singapore official.

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Subprime crisis to hit Gulf banks' earnings

Regional banks who thought investments were safe discovering underlying assets subprime, bankers say.

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Wealth fund fears unjustified, say experts

WEF: Funds are solving global economic problems and should not be over-controlled.

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Kuwait steps in to sure up Citigroup and Merrill

Kuwait Investment Authority to invest $3bn in Citigroup and $2bn in Merrill.

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Sovereign funds in spotlight as US banks come calling

Citigroup and Merrill Lynch seeking extra funding in wake of subprime crisis.

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At a glance...2007

What a year it has been. Emerging economies continued their rapid growth; oil reached its all-time high at US$100 a barrel; parts of the Middle East experienced - and still experience - great turmoil politically and economically whereas other areas continued to shoot towards prosperity.

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The Middle East’s great rise: now is the time

It has been a great year for business in the Middle East.

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Qatar eyes battered US financial services sector

Gulf Arab state sees 'tremendous opportunities' for sovereign wealth funds.

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Citi deal opens floodgates for Gulf investment in US

Other regional investors will look to capitalise on US mortgage crisis, analysts say.

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Gulf investors could target Eurobanks

Analysts say investors may be looking at Citigroup-type deals with cash-strapped banks.

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Abu Dhabi makes $7.5bn swoop for under-fire Citi

Emirate becomes US bank's largest shareholder with 4.9% stake.

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Sub-prime hits DIFC event as ex-Citi chief bails

EXCLUSIVE: Ex-Citigroup CEO will not attend DIFCweek

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Alwaleed silent on Citigroup crisis

US bank's largest individual shareholder will not comment until 'picture gets clearer', spokesperson says.

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First Kuwaiti sukuk programme

The first Kuwaiti sukuk programme has been introduced.

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UAE to miss inflation target

Emirates will not hit 5% inflation target due to delay in the construction of homes, report states.

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Citi, Barclays to manage $1bn Dana bond

The UAE's Dana Gas has appointed the banking heavyweights in a sukuk sale.

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Citigroup denies Kuwait bank bid

Bank says newspaper report - which helped boost bank shares - is 'totally unfounded'.

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DP World bonds to raise $3bn

The Dubai port operator has narrowed the price guidance on its 10-year Islamic bond.

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US$16.8bn Kingdom Holding moves closer to June IPO

Saudi Arabia has approved a change in the status of Kingdom Holding, taking billionaire HRH Prince Alwaleed bin Talal's company one step closer to an initial public offering of shares expected this month.

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Marketing the market

Arabian Business reports on why last week's investor conference in London could be just the beginning of the DFM's global drive for institutional investors.

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UAE to keep US dollar peg

Update: The Emirates' central bank is set to maintain its currency pegged to the dollar, ending speculation.

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UAE in spotlight after Kuwait currency shift

Gulf markets are watching the UAE to see if it too drops the dollar peg.

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The 150mph man

A $23bn empire is a non-stop affair - as our journalists, who spent a day with Prince Alwaleed, learned.

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Qatar in regulatory deals with U.S.

Local regulator hopes to dispel 'lack of transparency myth' by following international standards.

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Etihad rules out cancelling A380

The Abu Dhabi airline - which expects revenue to rise to $1.25bn this year - is still looking to expand its fleet.

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Gulf 2010 currency union in doubt

Gulf countries are unlikely to meet the deadline, but Kuwait looks set to revalue its currency, say analysts.

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DIB picks debut sukuk managers

Standard Chartered is among those who will manage the Dubai Islamic Bank's inaugural U.S. dollar sukuk.

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Capital idea

The speed of growth in the region has attracted attention from foreign shores for many years, but a regional business investing in regional talent has yet to come make it big – until now. James Bennett meets Dr Karim El Solh, CEO of Gulf Capital, and uncovers how the Middle East has at last produced a homegrown champion

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READER COMMENTS

  1. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
  2. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »
  3. Dubai plans start-up help for expat entrepreneurs 01
    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

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