Saturday 13 February 2016
 
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Khaleeji Commercial opens new branch in Juffair

Bahrain-based Khaleeji Commercial Bank (KHCB), a leading Islamic retail bank, has inaugurated a new branch located in Juffair Mall. The opening of the new branch was held under the patronage of Central Bank of Bahrain executive director of banking supervision Khalid Hamad, who was accompanied

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Mubadala seeks $2bn loan refinancing

Abu Dhabi state-owned investment fund Mubadala is talking to banks to raise a loan worth up to $2 billion, which it plans to close in the first half of the year, banking sources aware of the matter told Reuters on Thursday.   The company is in talks with local a

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Asian shares slip as bank fears add to global gloom

Asian shares slipped on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets.   The prices of yen, gold and liqui

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Gold surges to one-year high

Gold surged nearly 4 per cent on Thursday to its highest in a year as fears about financial instability, a lower dollar and US Treasury yields persuaded investors to seek refuge in the precious metal. Traders said financial instability fears were fuelled by European bank shares s

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Middle East Healthcare share sale in March

Saudi Arabia's Middle East Healthcare Company, which postponed its public share sale last month, has rescheduled its offering to run from March 3-9, the market regulator said. The Capital Market Authority on January 18 said the company requested postponing its initial public

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Cathay offers special fares to Emirates NBD cardholders

Cathay Pacific Airways, the flag carrier of Hong Kong, is offering Emirates NBD cardholders a discount on Business, Premium Economy and Economy Class tickets to selected destinations.  Emirates NBD cardholders can get a discount of 10 per cent Business and Economy Class tickets wh

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Taqeem backs religious endowments forum

The Saudi Authority for Accredited Valuers (Taqeem) will participate in the upcoming third forum of organizing the religious endowments (Awqaf) in Riyadh, Saudi Arabia. Organized by the Endowments Committee in Chamber of Commerce and Industry in Riyadh, the event will take place

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Egypt's CIB to raise up to $1bn to fund growth

Commercial International Bank (CIB) will raise up to EGP8 billion ($1 billion) to fund expansion after its board backed the plan, Egypt's largest listed company said. The funds will be raised through local or international bonds issued between 2016 and 2018, depending on the

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Turkey inflation surging to 10pc

Inflation that is approaching 10 per cent poses a serious threat to the economy because it lowers the growth potential, Turkish Deputy Prime Minister Mehmet Simsek said, citing weakness in the lira and food prices for sparking inflation. In a speech to a Turkish business forum, S

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UAE-India ties 'set for major growth'

The UAE and India now have a solid platform from which to elevate their relationship to the next level, Sheikh Abdullah bin Zayed, UAE's Foreign Minister, has said in an article. The comments, in the Hindustan Times, were made on the occasion of the official visit to India by

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