Tuesday 23 December 2014
 
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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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Jeddah hospital unit closed on Mers virus scare

The main public hospital in Jeddah has closed its emergency room after a rise in cases of the Mers virus among medical staff, the health ministry said yesterday.    A Jeddah paramedic was among two more peop

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Citadel Capital to close rights issues on April 9

Citadel Capital, a leading investment company in the Middle East and Africa, has received regulatory approvals to close its capital increase with full subscription on April 9.   The rights issue will bring the fi

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Shell closes Egypt offices, curbs travel

Europe's top oil company Royal Dutch/Shell has closed its offices in Egypt for the next few days and restricted business travel there after yesterday's deadly security crackdown in Cairo. Shell gave no details on how many

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First taste of test-tube burger 'close to meat'

The world's first laboratory-grown beef burger was flipped out of a petri dish and into a frying pan on Monday, with food tasters declaring it tasted "close to meat". Grown in-vitro from cattle stem cells at a cost o

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Saudi closes high on banking stocks

  Saudi shares closed slightly up, recouping losses sustained during early trading to gain 0.20 per cent by the end of the session, led by banking stocks.   Saudi share prices are often influenced b

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UAE markets to close on Nov 15

  UAE's Securities and Commodities Authority (SCA) has announced that the financial markets nationwide will close on Thursday (November 15) to mark the Islamic New Year.    The markets will

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