Friday 11 July 2014
 
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Britain

Britain's first Islamic bond draws bumper demand

Britain became the first Western country to sell an Islamic bond on Wednesday, drawing orders of more than 2 billion pounds ($3.39 billion) - over 10 times the planned issue amount. The five-year sukuk issue, intended to raise 200

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M&S unveils new summer collection

Marks & Spencer has unveiled its new summer collection offering - from pretty dresses, structured blazers and cropped trousers in pastels to bright colorful beach maxis - across all its stores in GCC. A member of the Al-Futtaim Grou

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Britain to re-open Tehran embassy

British Foreign Secretary William Hague said on Tuesday Britain plans to re-open its embassy in Iran after it was closed two and a half years ago, saying it would establish a small initial presence in Tehran soon. "I have ...

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Bahrain calls for trade boost with Britain

Bahrain's Premier has called for the need to bolster trade and economic co-operation with Britain.    He urged more joint projects between Bahraini companies and their British counterparts, said a report

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Al Tayyar buys Britain's CTM for $22.6m

Al Tayyar Travel Group Holding has signed an agreement to acquire British company Co-operative Travel Management for 13.5 million pounds ($22.6 million). The deal authorises the Group to a 100 per cent shareholding in CTM, said a

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Britain's wealthiest now richer than ever

Britain's wealthiest people are richer than they have ever been, with a combined fortune of 518.9 billion pounds ($874 billion) - equivalent to a third of the nation's gross domestic product, according to an annual study.

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British group backs new reforms drive

Britain's Co-operative Group has voted unanimously to accept proposals for far-reaching reforms designed to avoid a repeat of the near-catastrophic mistakes of recent years and secure the mutual's future. Independent direc

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UK bank in $674m capital boost

Britain's Co-operative Bank said it had completed a £400 million ($674 million) fundraising to bolster its capital position. The capital raise, which was launched on Friday, is subject to shareholder approval at a genera

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New King Hamad award launched

Britain's Duke of York, Prince Andrew, has joined Bahrain's expatriate community to create a unique new award.    The King Hamad Awards programme was announced yesterday during an audience with His M

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Marks & Spencer to open 10 new stores in Saudi

Britain's biggest clothing retailer Marks & Spencer, plans to open 10 beauty stores in Saudi Arabia over the next two years, having seen the success of its two outlets already open there. Hit at home by dwindling sales, pl

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