Wednesday 22 April 2015
 
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UAE population split 'on property purchase style'

Nationality has proved to be a significant factor in determining how investors pay for their properties, as a recent study reveals Emiratis, unlike expatriates, opt for cash over finance. Majority of Emiratis (54 per cent) preferr

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Banks in Bahrain step up security for F1

Banks in Bahrain have stepped up security ahead of the Formula One race to protect customers from fraudsters. Cash withdrawals from ATMs will be limited to BD200 ($527) from today (April 15) in the lead-up to the Gulf Air Bahrain

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Dubai Investments to distribute 12pc cash dividend

Dubai Investments, a leading investment company listed on the Dubai Financial Market, has approved distribution of 12 per cent cash dividend and issue of six per cent bonus shares for the financial year ending December 31. A propo

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Sico approves 9pc cash dividend

Securities and Investment Company (Sico), licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, has approved the payment of a cash dividend of BD3.86 million ($10.1 million), representing nine per cent of the paid-up ca

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Al Baraka shareholders approve 3pc cash dividend

The shareholders of Al Baraka Banking Group have approved cash dividend of three per cent or three cents per share and one bonus share for every 50 fully paid up shares. This follows a joint annual and extraordinary general meetin

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Arab Banking Corporation approves 5pc cash dividend

The shareholders of the Arab Banking Corporation (ABC) have approved a cash dividend distribution of five per cent of the issued share capital ($0.05 per share), amounting to $155.5 million. The dividend was recommended by the ban

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Nass declares 15pc cash dividend to shareholders

The shareholders of Nass Corporation are to get cash dividend of 15 per cent for last year. The announcement was made during the company's annual general meeting (AGM) held at Abdulla Nass Auditorium in the Applied Science Uni

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Batelco approves $110m cash dividends

Batelco Group’s shareholders have approved a full year cash dividend of BD41.58 million ($110.29 million), at a value of 25 fils per share at its Annual General Meeting (AGM) held today (March 18). Of the cash dividend, 10 f

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UDC approves 12.5pc cash dividend distribution

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, has approved the distribution of QR442.6 million ($121.4 million) based on 12.5 per cent of the share’s par value - equivalent

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Egypt's Sawiris readies digital revamp for Euronews

Egyptian tycoon Naguib Sawiris is unveiling plans for his majority stake in European broadcaster Euronews - a cash injection which would be used to expand onto digital platforms and better promote the brand. In an unprecedented sh

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