Sunday 25 January 2015
 
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NMC in talks with banks for possible loan

UAE-based healthcare provider NMC Health, founded by billionaire Indian entrepreneur BR Shetty, is in talks with bankers for a potential long-term loan, four sources with knowledge of the matter said on Monday. The London-listed c

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Euro sinks below $1.20, first time for 9 years

The euro fell below $1.20 for the first time since early 2006 on Monday, the dollar starting 2015 as most banks believe it intends to go on this year - higher across the board. Euro zone inflation numbers trickle out in the first

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UAE cooling firm Tabreed raises $708m loan

United Arab Emirates utility Tabreed has raised a Dh2.6 billion ($707.9 million) seven-year loan facility from three banks, two banking sources familiar with the matter said on Sunday. National Central Cooling Company, Tabreed'

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Japan's banks face stress test for ultra-low rates

Japan's financial regulator is running stress tests to see if too much cash in the system is stifling smaller banks' ability to earn, unlike regulatory tests elsewhere that have been designed to see whether lenders had enough capital to

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Banks top insurers for trust in UAE, Saudi

In Saudi Arabia and the UAE, the level of consumer trust in insurers is just 52 per cent, compared to 73 per cent for supermarkets, 71 per cent for banks, and 67 per cent for pharmaceutical companies, a report said. In terms of tr

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British banks buoyed by new rules on risk buffers

The Bank of England has told British banks they will need to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays -- the bank that analysts

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Conventional banks' sukuk to push limits of Islamic finance

Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists. Si

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Tough US laws offer opportunity for Bahraini banks

Bahrain-based banks need to treat tougher US action on non-compliance with sanctions as an opportunity, an expert has said. Growing use, more active enforcement and harsher fines for non-compliance with US sanctions not only pose

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AFS launches new products for banks

Arab Financial Services (AFS), a regional payment processor, has launched three new products that will be offered to all member banks.   The products will improve the current

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Saudi banks offer $32.9bn real estate loans in Q1

Saudi banks provided loans totalling SR123.4 billion ($32.9 billion) to the real estate sector in the kingdom during the first quarter of this year, a report said. Real estate loans to individuals rose by 33 per cent in Q1 2014 to

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