Monday 26 September 2016
 
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Investcorp buys 10 new properties in US

Investcorp, a leading provider and manager of alternative investment products, today announced that its US-based real estate arm has acquired five multifamily apartment properties and five student housing properties in several major metropolitan

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Investcorp buys 10 new properties in US

Investcorp, a leading provider and manager of alternative investment products, today announced that its US-based real estate arm has acquired five multifamily apartment properties and five student housing properties in several major metropolitan

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China uncovers $30bn worth of illegal banking activity

Chinese police have this year uncovered $30 billion worth of illegal banking activity, involving 158 cases of underground banks and money laundering, the official Xinhua news agency reported the Ministry of Public Security (MPS) as saying late o

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Al Baraka Banking Q2 net profit dips

Bahraini Islamic lender Al Baraka Banking Group reported a 2.8 percent dip in second-quarter net profit on Sunday. The bank, which has operations in more than a dozen countries, made a net attributable profit of $43.6 million in t

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Cyber thieves exploit banks' faith in SWIFT

Shortly after 7 pm on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complie

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Qatar First Bank launches new private banking platform

Qatar First Bank, a leading Shari’ah compliant bank in Qatar, has developed a new open architecture private banking platform which allows shareholders and clients to grow, manage and protect their wealth and assets. Supported by a

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Planning ‘key to IFRS implementation Saudi’

Lack of proper planning of International Financial Reporting Standards (IFRS) implementation by Saudi companies can derail their compliance with the regulatory requirements, an industry expert said. “As Saudi Arabia moves to

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Al Baraka to pay $22m dividend to shareholders

Shareholders of Al Baraka Banking Group (ABG) have approved the distribution of $22.1 million as cash dividend, amounting to two cents for each share equal to two per cent of the par value of the share, and to transfer of $124.3 million to the

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Meltdown ‘threat to banking sector jobs’

Hundreds of people have lost their jobs in Bahrain’s banking sector in the last few months due to the “global financial situation,” it has emerged, said a report in the Gulf Daily News (GDN), our sister publication.

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Meltdown ‘threat to banking sector jobs’

Hundreds of people have lost their jobs in Bahrain’s banking sector in the last few months due to the “global financial situation,” it has emerged, said a report in the Gulf Daily News (GDN), our sister publication.

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