Business Blog

Pak-Qatar Takaful Group posts strong 2013 results

Pak-Qatar Takaful Group recorded a strong growth with a combined turnover of Rs5.5bn (USD54m) for the year ended December 31, 2013.

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Expo 2020 to help boost region s economies

Monday, Apr 28, 2014 Dubai: The economic impact of World Expo 2020 in the Middle East and North Africa (Mena) is valued at €17.7 billion (Dh27.01 billion), according to a statement by the Dubai World Trade Centre (DWTC) on Monday. The six-month...

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UPDATE 2-UAE lender NBAD warns over falling margins as it posts flat profit

* Impact of margin compression to grow for UAE banks - NBAD CEO * High competition, liquidity and global rate pressure to blame * Q1 profit 1.41 bln dhs, flat to Q1 2013 * Loans fall about 3 pct, deposits up over 11 pct in Q1 (Recasts, adds CEO call...

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Emaar may list malls unit on Dubai Financial Market -sources

Emaar Properties is talking to regulators about the possibility of listing its shopping malls unit on Dubai Financial Market (DFM), the emirate's main bourse, instead of Nasdaq Dubai, sources aware of the matter said on Monday.

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REFILE-London-based RiverCrossing debuts with Islamic real estate fund

(Corrects name of RiverCrossing CEO in sixth paragraph) By Bernardo Vizcaino April 28 (Reuters) - London-based RiverCrossing Capital Partners, a new Islamic investment firm, has launched its first product, a U.S. real estate fund, as part of a plan to...

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King & Spalding Advises Turkiye Finans on USD500m Senior Unsecured Certificates

King & Spalding advised Turkiye Finans Katilim Bankasi A.S., one of the leading Turkish participation banks, in relation to the issuance of US$500 million senior unsecured certificates due 2019, listed on the Irish Stock Exchange.

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