Wednesday 20 August 2014
 
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Funding

Kuwait briefly detains cleric in militant funding row

Kuwait briefly detained a prominent Sunni Muslim cleric less than two weeks after the US included him on a sanctions list on suspicion he was funnelling money to militants in Iraq and Syria, his lawyer said on Monday. Shafi Al-Ajm

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RAK real estate firm gets $230m funding

Ras Al Khaimah-based Al Hamra Real Estate Development said it has obtained a Dh850 million ($230 million) financing facility from international and local banks led by Goldman Sachs for its upcoming projects. The privately-owned fi

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Arab Potash provides funding to hospital

Jordan's Arab Potash Company, one of the world's largest producers of potash, in co-operation with Operation Smile, has funded the treatment of patients suffering from birth deformities. The company provided JD30,000 ($42,

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New clamp on terror funding in Bahrain

A plan to crack down on terror funding sources in Bahrain was high on the Cabinet's agenda yesterday (June 1).    Chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, the se

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Oman refinery wins key $100m funding

Oman Oil Refineries and Petroleum Industries (Orpic) has won $100 million funding from Italian export credit agency SACE for its Sohar Refinery. With this key funding, the Sohar refinery will be able to boost its production capaci

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Documents reveal royal funding for Etihad: Report

Abu Dhabi-based Etihad Airways had access to an interest-free $3 billion loan from the Abu Dhabi ruling family, the Australian Financial Review reported on Thursday. Citing what it said were leaked documents prepared for prospecti

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Mena SMEs face $240bn financing gap

The small and medium enterprises (SMEs), which play a vital role in the Mena region's economy, are finding it difficult to get access to funding and face a financing gap of Dh881 billion ($240 billion), said a report. Nearly 6

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Sabic to fund Kaust research projects

Saudi Basic Industries Corporation (Sabic) signed an agreement with the King Abdullah University of Science and Technology (Kaust) to provide funding for its research projects. The MoU was signed by Dr Ernesto Occhiello Sabic exec

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Sabic to fund Kaust research projects

Saudi Basic Industries Corporation (Sabic) signed an agreement with the King Abdullah University of Science and Technology (Kaust) to provide funding for its research projects. The MoU was signed by Dr Ernesto Occhiello Sabic exec

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Dubai VC to fund Zulubiz.com

World Tech Sigma, a Dubai-based venture capital firm, has entered into a definitive agreement with Seattle-based Zulubiz.com to become the latter's principal funding agent. Zulubiz.com has exclusive rights to a unique mobile m

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