Monday 20 October 2014
 
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$10,000 stolen from travel agency in Bahrain

Two masked men broke into a travel agency in Bahrain and stole more than BD3,800 ($10,018.5) in cash and cheques. It was the second time in 16 months that the Royal Gulf Travel and Tourism, which represents Syrian Air, has been ro

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$10,000 stolen from travel agency in Bahrain

Two masked men broke into a travel agency in Bahrain and stole more than BD3,800 ($10,018.5) in cash and cheques. It was the second time in 16 months that the Royal Gulf Travel and Tourism, which represents Syrian Air, has been ro

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Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs

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NBAD launches liquidity management fund

The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement. The NBAD Cash Plus Fund allows investors to benefit from higher rates than conv

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Serbia eyes Gulf cash for $4bn waterfront project

Serbia has unveiled plans to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro ($4.08 billion) scheme that will be funded by cash from Gulf investors. The B

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Royal Jordanian to get $141m cash injection

Royal Jordanian Airlines will receive a cash injection of 100 million dinars ($141 million) this year, which will help the carrier recover from operational losses on its Middle Eastern routes, an executive said on Monday.  

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Sabic to pay $2.3bn in cash dividend for H2

Saudi Basic Industries Corp (Sabic) has approved its board’s recommendation to distribute SR9 billion ($2.3 billion) in cash dividends at SR3 per share for the second half of last year.   Shareholders regis

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UDC approves 10pc cash dividend

United Development Company (UDC), a leading Qatari shareholding company and the master developer of The Pearl-Qatar, has approved the distribution of 10 per cent cash dividend to its shareholders.   It also annou

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Emaar proposes 15pc cash dividends

Emaar Properties said its board of directors has proposed the distribution of a cash dividend of 15 per cent of the company’s share capital for 2013 along with 10 per cent bonus shares to shareholders. The proposal was put f

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Cash for ideas scheme in Bahrain

People could be given cash for coming up with innovative ideas to improve services provided by the Northern Municipality in Bahrain. The initiative is understood to be the first of its kind in Bahrain and aims to help officials co

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