Monday 14 July 2014
 
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capital

Gulf Navigation cuts capital, eyes new expansion

UAE shipper Gulf Navigation said on Wednesday it had cut its capital by two-thirds and written off accumulated losses worth 1.1 billion dirhams ($300 million), key parts of a turnaround plan designed to solve its debt problems. Th

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Al Ramz Capital tops UAE securities markets

Al Ramz Capital, a leading financial services firm, has topped trading in the UAE securities markets for June with a total traded value of Dh10.8 billion ($2.9 billion).   The firm also ranked first in the Dubai

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Saudi's Emaar EC port unit agrees $1.4bn capital hike

Emaar Economic City said on Sunday shareholders of its Port Development Company subsidiary agreed to an increase in capital to 5.21 billion riyals ($1.39 billion) to help finance the expansion of the kingdom's first privately-owned port.

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Al Hilal issues $500m tier 1 sukuk capital

Al Hilal Bank has priced a $500 million Perpetual Additional Tier 1 sukuk certificates, marking the first Tier 1 issuance out of the Middle East since May last year.   The tr

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Dubai group teams up with Capital Dynamics

Dubai-based Greenstone Equity Partners has joined forces with Capital Dynamics to meet rising investor demand for global investment opportunities in private assets across the GCC region. A Mena-focused boutique investment and advi

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Oman's Bank Dhofar plans capital-boosting loan

Omani lender Bank Dhofar , currently in merger talks with smaller rival Bank Sohar, plans to raise a $75 million subordinated loan to help boost its capital reserves, the bank said in a statement on Thursday. The loan plans, which

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New push for green capital in Bahrain

School children are being trained to promote environmentally friendly policies as part of plans to attract investment for a project that aims to reduce pollution in the capital.   The Green Capital Project aims t

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New push for green capital in Bahrain

School children are being trained to promote environmentally friendly policies as part of plans to attract investment for a project that aims to reduce pollution in the capital.   The Green Capital Project aims t

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Leeds United ex-boss 'accused of $5m fraud'

The former Leeds United chief David Haigh has been accused of financial mismanagement amounting to $5 million by his previous employer Gulf Finance House Capital, a report said. Documents from the Dubai International Financial Cen

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ADIB launches new capital-protected note

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has launched a new capital-protected note, following the first car manufacturing note issued by the bank earlier this year.   The note, whic

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