Thursday 30 October 2014
 
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Quality homes in demand in Bahrain

Economic stability has begun to impact on residential rents, by stabilising rates and encouraging tenants to turn their attention to higher quality schemes in Bahrain, according to new analysis by Cluttons. A new report from the i

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GFH repays $25m to debt holders

Bahrain-based Islamic investment bank, Gulf Finance House (GFH), has repaid $25 million to debt holders marking total debt principal payments of $33 million so far this year. In a statement to the Bahrain Bourse, the bank said this repr

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Finance House profit increases 8pc in H1

Finance House (FH) has registered a net profit of Dh61.2 million for the six months ended June 30, an increase of 8.3 per cent compared to Dh56.5 Million in the corresponding period last year.

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Insurance House H1 profit crosses $1m

Abu Dhabi-based Insurance House (IH) has posted a net profit of Dh4.21 million ($1.14 million) during the half year ended June 30.   Its underwriting profit for the period was lower at Dh3.61 million compared to

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KFH unit in Turkey mandates banks to issue sukuk

Turkey's Kuveyt Turk, owned by Kuwait Finance House, mandated banks for a sukuk issue, bankers told Reuters on Tuesday.   The bank has mandated KFH Investment as global coordinator and Citi, Emirates NBD Capi

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Finance House unveils ‘Value House’ site

Abu Dhabi-based Finance House (FH) has launched its Value House (VH) website, an initiative offering all FH credit card holders special benefits, offers and deals from a selected array of vendors and merchants.  

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$157m to help reconstruct old houses in Bahrain

Bahrain Parliament's financial and economic affairs committee decided to credit an extra BD60 million ($157.4 million) to the state budget to help reconstruct 2,000 dilapidated housing units, said a report in the Gulf Daily News (GDN), our

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Arabtec in talks for new Egypt JV

Dubai-based engineering and construction group Arabtec is in discussion with the Egyptian government to set up a new joint real estate company for the development of the previously announced one million residential units in the country, said a

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Finance House gets approval for shares buyback

UAE-based Finance House (FH) has secured an approval from the Central Bank of the UAE and the Securities and Commodities Authority (SCA) for a share buyback programme of up to 10 per cent of its paid up capital.   

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KFH completes ICT project upgrade

Kuwait Finance House (KFH) has announced the successful completion of an ICT project to upgrade its existing banking system. The system will offer integrated shari’a compliant financial services to the real estate industry,

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