Tuesday 3 March 2015
 
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Mumtalakat 'has no plans to sell assets'

Mumtalakat does not plan to sell off any assets this year and would pursue business projects as usual, its top official has said. The sovereign wealth fund's chief executive Mahmood Al Kooheji said this during a keynote interv

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NBO expects 10-12pc lending growth in 2015

National Bank of Oman (NBO), the sultanate's third-largest lender by assets, is expecting to increase lending by between 10 per cent and 12 per cent this year, its chief executive was quoted as saying by the Oman Tribune. Ahme

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Bahrain banks' assets increase 5pc

Total assets of 34 Bahrain-domiciled banks are estimated to have grown five per cent last year, suggesting the start of a new phase of sustainable growth and increasing profitability, found a new research. According to The Bahrain

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Bahrain banks' assets register steady growth

Assets of 34 Bahrain-domiciled banks have grown by $568 million to $154.046 billion at the end of the first half of this year, the Bahrain Association of Banks (BAB) said. This indicates a consistent upward trend, according to BAB

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Struggle over Libya's oil risks breaking up country: rival PM

Libya's self-proclaimed prime minister has warned that attempts by a rival government in the east to assert control over the oil industry could escalate the political conflict dividing the Opec member state a

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Dubai ‘changing rules to attract asset managers’

Dubai is changing its financial rules in an effort to attract more asset managers - particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds - to base themselves in the emirate.

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Court extends freeze on Batelco's ex-India partner

A British court has indefinitely extended a worldwide freeze on assets of Batelco’s former Indian investment partner Siva Limited and its chairman Chinnakannan Sivasankaran. The Bahrain-based international telecommunications group

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Court extends freeze on Batelco's ex-India partner

A British court has indefinitely extended a worldwide freeze on assets of Batelco’s former Indian investment partner Siva Limited and its chairman Chinnakannan Sivasankaran. The Bahrain-based international telecommunications group

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Dubai court freezes assets in GFH fraud case

A Dubai court has extended an order to freeze the worldwide assets of a former official of GFH Capital, the Dubai-based subsidiary of Bahrain's Gulf Finance House (GFH).   David Haigh, former managing directo

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Shuaa Capital swings to Q1 profit

Leading UAE investment bank Shuaa Capital has a registered a net profit of Dh8.2 million ($2.23 million) in the first quarter of 2014 when compared to a net loss of Dh5.9 million last year. Announcing the results, the Dubai lender

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