Friday 28 April 2017
 
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Qatar First Bank maintains assets value at $1.64bn

Qatar First Bank’s (QFB) total assets didn’t decline during 2016 despite the write-down of QFB’s investment book and closed at almost QR6 billion ($1.64 billion), mainly driven by the increase from financing assets, which incre

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Aldar Properties 2016 net profit surges to $762m

Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a eight per cent jump in its net profit for the financial year ended December 31, 2016 which soared to Dh2.8 billion ($762 million) from Dh2.6 billion ($707

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Eltizam seals key UAE leasing, management pacts

UAE-based Eltizam Asset Management Group said its subsidiaries - Three60 Communities, Three60 Leisure, and Re/Max 360 - have been awarded new leasing and management contracts at Dubai International Financial Centre (DIFC) and on Reem Island in A

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HeidelbergCement sells US assets for $660m

German cement and aggregates producer HeidelbergCement has agreed to sell assets in the United States to fulfill anti-trust requirements for its takeover of Italcementi, it said on Thursday. HeidelbergCement said it has agreed to

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Mideast sovereign funds sell assets as low oil bites

Middle Eastern sovereign wealth funds liquidated or cancelled investments worth about seven per cent of their total assets last year, according to a study released on Monday by asset manager Invesco, in a sign of pressure from low oil prices.

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Abu Dhabi Taqa 'not in talks to sell assets'

Abu Dhabi National Energy Company (Taqa) said on Wednesday that it is not in talks with any entity to sell its oil and gas assets. The brief statement to Abu Dhabi's stock exchange did not elaborate. Reuters rep

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Saudi Arabia central bank net foreign assets fall $6bn

Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll. Net foreign assets held by the central bank

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Non-financial assets ‘key to long life’

Investing in non-financial assets such as friends and family is crucial to living longer, according to an industry expert. “Every generation is living 10 to 15 years longer than their parents’ generation,” added

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Conrad Hotels signs new property in Doha

Conrad Hotels & Resorts, Hilton Worldwide's luxury hotel portfolio for the new smart luxury traveller, today signed a management agreement with Assets Real Estate Development Company for a 325-room property in Doha, Qatar.

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Assets of 2 ex-IPIC group officials frozen: sources

The UAE central bank has told banks to freeze the assets of two former senior officials in Abu Dhabi's state-owned International Petroleum Investment Co (IPIC) group, banking sources told Reuters. In a circular, the central ba

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