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Bahrain's central bank is finalising rules for the supervision of sharia-compliant advisory firms, part of a wider overhaul of standards as the Gulf state steps up its efforts in Islamic finance.

Bahrain-based Gulf Finance House expects to complete a proposed capital reduction by the end of the second quarter, the Islamic investment firm said in a bourse statement on Monday.

Dubai Islamic Bank (DIB) will purchase a 25% stake in Indonesian Islamic lender Bank Panin Syariah, it said on Monday, as the United Arab Emirates-based bank looks to expand into the world's most populous Muslim nation.

The 2-day Jafza roadshow in Argentina included several one-to-one meetings with Argentinian corporates and entrepreneurs besides three focused business seminars under

(The following statement was released by the rating agency) LONDON, May 19 (Fitch) Fitch Ratings has assigned Arbour CLO Limited notes expected ratings, as follows: EUR208.75m class A: &aposAAA(EXP)sf' Outlook Stable EUR19.95m class B-1: &aposAA(EXP)sf' Outlook Stable EUR26.25m class B-2: &aposAA(EXP)sf' Outlook Stable EUR10.75m class C-1: &aposA+(EXP)sf' Outlook Stabl

MOSCOW, May 19 (Reuters) - Russian natural gas exports to European consumer nations via Ukraine remained stable on Monday, a spokesman for the state-controlled gas producer Gazprom GAZP.MM said. Russia has warned that it will not supply Ukraine with gas...