Tuesday 28 July 2015
 
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Taqa to raise $3.5bn five-year loan

Abu Dhabi National Energy Co (Taqa) is looking to raise a $3.5 billion loan as it seeks to consolidate a number of existing debts into one facility with a lower rate of interest, three sources aware of the matter told Reuters on Thursday.

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Deutsche Bank fined record $2.5bn over rate rigging

Deutsche Bank agreed with US and British authorities to pay a record $2.5 billion to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world. As part of the deal, Deutsche

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Eskan Bank interest on loan allegations dismissed

Allegations that the Eskan (Housing) Bank was charging interest on loans have been denied by Bahrain’s Housing Minister Bassem Al Hamer. Parliament second vice-chairman MP Abdulhaleem Murad had claimed the bank was charging

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Egypt's cbank keeps benchmark interest rates unchanged

Egypt's central bank kept its benchmark interest rates unchanged on Thursday (February 26) as it balances the needs to manage high inflation with encouraging economic growth, the bank said in a statement. The bank's moneta

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Gold edges up on dollar but heads for 3rd weekly drop

Gold inched up on Friday as the dollar softened, but was heading for a third week of losses on expectations of higher US interest rates and hopes of a deal between Greece and its creditors. Spot gold rose 0.2 per cent to $1,224.50

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Cybercrime law in Bahrain to curb violations

The new law on cybercrime, approved by Bahrain’s King Hamad and enacted recently, seeks to reduce crimes by establishing penalties to protect public interest. Under the law, illegal access to an IT system or part of it carri

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47 Singapore food brands at Gulfood

As many as 47 Singapore food and beverage brands, that are showcasing their products at the ongoing Gulfood 2015 in Dubai, UAE, have reported strong business interest from distributors, retailers and the Horeca industry for their mix of authenti

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47 Singapore food brands at Gulfood

As many as 47 Singapore food and beverage brands, that are showcasing their products at the ongoing Gulfood 2015 in Dubai, UAE, have reported strong business interest from distributors, retailers and the Horeca industry for their mix of authenti

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Banks slash interest rate on Emaar's $500m loan

Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer said, in the latest example of a local company winning a cut in funding costs from cash-flush bank lenders.

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Banks slash interest rate on Emaar's $500m loan

Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer said, in the latest example of a local company winning a cut in funding costs from cash-flush bank lenders.

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