Tuesday 28 June 2016
 
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Lufthansa shares fall as CFO makes surprise exit

Lufthansa shares fell as much as 4.2 per cent on Friday after the German airline announced the surprise departure of chief financial officer Simone Menne, said a report. Menne, who turns 56 in October, will resign effective August

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Airlines exit Nigeria as economy hit by dollar shortage

International carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria or cut flights as they struggle to move revenue out of the country because the oil-price slump has depleted the West African nation’

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Brexit would cost financial firms $25bn: study

Leaving the European Union would cause a decade of uncertainty that could cost Britain's financial services an estimated GBP17 billion ($25 billion) and make lawyers rich, a think-tank study said on Tuesday. Analysts at JWG, w

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Qatar sees Russian exit from Syria as positive step

Qatar welcomed Russia's decision to withdraw forces from Syria, saying the move was a positive step towards a political solution.   Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani, whose government

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IIB exits from two property investments

Bahrain-based International Investment Bank (IIB) announced its exit from real estate investments in the United Arab Emirates and Germany for a combined value of $163.1 million. This will boost its liquidity as it considers other

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Ibdar earns 15pc returns on construction project sale

Ibdar Bank, a Bahrain-based Islamic wholesale investment bank, has earned returns of 15.95 per cent from the sale of a $30 million construction project, it announced yesterday. The bank said its exit from Sakan Development Company

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Afren may consider exiting Iraqi Kurdistan: CEO

Afren will consider exiting the Kurdistan region in Iraq and focus on oilfields in Nigeria as it embarks on a restructuring programme, chief executive Alan Linn said.   The company has floundered under a series o

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Tadhamon Capital exits from aviation equipment fund

Tadhamon Capital has announced an early exit from and liquidation of the 'Tadhamon Aviation Equipment Fund' delivering dividends to investors. Proceeds from the exit were not disclosed, said a report in the Gulf Daily

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Tadhamon Capital exits from aviation equipment fund

Tadhamon Capital has announced an early exit from and liquidation of the 'Tadhamon Aviation Equipment Fund' delivering dividends to investors. Proceeds from the exit were not disclosed, said a report in the Gulf Daily

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Seera successfully exits UK financing transaction

Seera Investment Bank, a Bahrain-based Islamic investment bank, has successfully exited a Sharia-compliant financing transaction to develop a student accommodation property in London, UK. The financing generated a total return on

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