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Gulf Capital to raise $360m partly for dividendAbu Dhabi private equity firm Gulf Capital is close to signing a 1.32 billion dirhams ($359.38 million) Islamic loan for its company Gulf Marine Services (GMS), some of which will be paid out to investors as dividends. Gulf Marine, the largest operator and owner of jack-up barges More… |
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Apicorp posts $109m profit in 2012The Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank owned by the ten members of the Organisation of Arab Petroleum Exporting Countries, said it has registered a net profit of $109 million for 2012, the highest-ever in the organisation’s 37 year history. More… |
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Al Baraka summit to discuss financial trendsAl Baraka Banking Group (ABG) will hold its 34th symposium for the Islamic economy at Hilton Hotel, Jeddah, in July to discuss emerging banking and financial trends. "I thank ABG chairman Shaikh Saleh Abdullah Kamel, for the adoption, management, financing and direct supervi More… |
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Bahrain real GDP grows 3.9pc in 2012Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report. Even as the oil sector shrank by around 8.5 per cent in 2012 due to a temporary technical disruption at the c More… |
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Deutsche Bank named top FX bank in MideastDeutsche Bank has been named the leading forex (FX) bank in the Middle East with 16.15 per cent of overall market share. This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution systems as well as the continued focus on providing inn More… |
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Doha bourse breaks key 9,000 levelQatar's bourse closed above the key 9,000 level after making its largest one-day gain in three weeks, while UAE and Kuwaiti markets also rallied on renewed optimism in equities. Doha's benchmark cli More… |
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UAE economic growth hits 4.4pc in 2012Economic growth in the UAE accelerated to 4.4 percent in inflation-adjusted terms in 2012 from a downwardly revised 3.9 percent the previous year as activity picked up across all sectors, its statistics office said on Sunday. More… |
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DFM firms achieve 100pc complianceDubai Financial Market (DFM) said its UAE-listed companies have shown a 100 per cent compliance in disclosing their first quarter financial results for 2013 within the deadline of 45 days from the end of the first quarter. &nb More… |
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NBK Egypt unit Q1 profit up 15.3pcAl Watany Bank of Egypt (AWB), a subsidiary of National Bank of Kuwait Group (NBK) in Egypt, has reported a net profits of EGP86.6 million in the first quarter, up 15.3 per cent compared to EGP75.1 million last year. More… |
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Barclays names key official for Abu DhabiBarclays, is a leading global wealth and investment manager, has appointed Haidar Hammoud as head of Wealth and Investment Management for Abu Dhabi. In this role, Hammoud will be responsible for driving the Abu Dhabi business and will work closely with office heads in Singapore, More… |
