Wednesday 27 May 2015
 
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RBS closes Qatar branch, country head departs

Royal Bank of Scotland (RBS) has closed its branch in Qatar with its country head departing, RBS told Reuters on Thursday, the latest step in its withdrawal from the Middle East. Qatar has been one of the bank's more active ov

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New sheesa cafe timings in Bahrain backed

A decision to close sheesha cafes in Bahrain at midnight has sparked uproar among business owners and councillors. However, the move taken last week by the Works, Municipalities and Urban Planning Affairs Ministry and Interior Min

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Insurance firm reaffirms commitment to Bahrain

Global insurer Zurich has reaffirmed its commitment to Bahrain's insurance market following concerns that the Swiss insurer was to close its operations in the kingdom. Zurich is reducing the number of licences it holds in Bahr

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BBK's $400m bond issue ‘a big success’

Bank of Bahrain and Kuwait (BBK) has announced the closing of a bond issuance of $400 million. The issuance of an international senior unsecured bond with a five-year maturity date targeted professional investors in the Middle Eas

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Qatar National Bank closes syndication of $3bn loan

Qatar National Bank (QNB) has closed syndication of a $3 billion, three-year unsecured term loan and will sign the deal on March 16, banking sources said. Barclays Bank and HSBC are acting as coordinators on the deal, with Bank of

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US 'playing into the hands of terrorists'

A decision to close an American-run school in Bahrain today (February 12) over security concerns has been criticised by MPs, who said it played into the hands of terrorists. They also said a security alert issued by the US Navy sh

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Gatehouse Bank closes offshore real estate deal

Gatehouse Bank, a London-based investment bank specialising in sharia-compliant products and services, has announced the closure of its first offshore real estate financing in St Helier, Jersey. The bank provided £10 million

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Gatehouse Bank closes offshore real estate deal

Gatehouse Bank, a London-based investment bank specialising in sharia-compliant products and services, has announced the closure of its first offshore real estate financing in St Helier, Jersey. The bank provided £10 million

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Top industrial packaging firm to close Saudi plant

Greif, a global leader in industrial packaging products and services, has announced plans to shut down its operations at Flexible Products & Services (FPS) plant in Saudi Arabia in August.   The company move comes followin

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Bahrain factory in talks to call off closure plans

Negotiations are underway with owners of a garment factory to call off plans to close operations in Bahrain.   MRS Fashions, which exports up to 70 per cent of its products to the US, said it will shut down after

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