Thursday 10 July 2014
 
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overseas

Gulf banks start to muscle in on global bond deals

When the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital. After decades during which banks from the

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Foreign firms 'keen to invest in Bahrain'

Several overseas companies are keen to invest in the local market, Bahrain Chamber of Commerce and Industry first deputy chairman Othman Al Rayes said yesterday.   "A large number of investors' applicati

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NSA intercepts Google, Yahoo traffic overseas

The National Security Agency has tapped directly into communications links used by Google and Yahoo to move huge amounts of email and other user information among overseas data centres, the Washington Post reported on Wednesday. T

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Batelco Group 9-month profit plunges 14pc

Bahrain's leading telecom services operator Batelco said its net profit for the nine-month period fell 14 per cent to BD36.7 million ($97.3 million) compared to BD42.6 million last year. Announcing the results on Wednesday (Oc

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Saudis 'top overseas trip spending'

Saudi nationals spend a whopping $6,414 for each of their overseas trip, compared to the global average of $2,501, said a report. The Saudis are, therefore, the biggest spending tourists in the world, followed by Australians who c

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Food, films and festivals top NRIs' love list

Indian food, Bollywood films and festivals are the three 'great loves' that connect overseas Indians most to their roots, revealed an international survey released today by Western Union. Western Union’s “Great

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UAE residents 'spend $6.6bn a year on travel'

An UAE resident spends Dh80,808 ($22,000) every year on flights and accommodation alone, totalling $6.6 billion annually on outbound travel, according to a research by the United Nations World Tourism Organisation. Another study unvei

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Saudi Telecom may slow overseas push

Saudi Telecom Company’s  (STC) rising domestic revenue, halting a downward trend for the former monopoly, may lead it to slow its overseas push where it faces a tougher operating environment and limited buying opportunities. STC has w

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GCC investing heavily in overseas farms

The governments in the Gulf region are investing heavily in outside farmland acquisitions and leases besides injecting money into the domestic food production industry, according to an expert ahead of a major agriculture expo. Th

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Bahrain to implement IBAN from Jan 31

From January 21, 2012, all bank customers in Bahrain need to use an IBAN when making or receiving electronic payments through banks within Bahrain or overseas. This means a person wishing to make a payment or receive funds, both, locally a

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