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Business » Finance



Finance

Emirates Islamic Bank participates in Property Finance Show The bank will offer its visitors a thorough explanation of Manzili Home Finance, a Sharia compliant home finance scheme suitable for all those looking for a friendly &transparent home finance solution.



BIsB and BBK jointly provide BD4.8 million finance to Tameer The BD4.8 million Islamic finance facility is provided to support the operations of Tameer, which is one of the biggest property companies in Bahrain.



GCC Takaful insurance growth to be exponential According to a report published by Standard and Poor’s, the GCC Takaful market, which is currently growing at 40% annually, has the potential to become a $4 billion market.



G7 serves up warmed-over comment on currencies Top finance chiefs from the world's seven richest nations served up warmed-over commentary on currency volatility Friday but issued a strong call for a global accord to boost free trade.



Middle East needs representation on global standards board ‘Dubai could lead emerging markets’ - Interpretation of IFRS tops the agenda at World Accounting Summit as globalization & benchmarking listed companies comes into focus.



Arcapita raises $1.1 billion in oversubscribed Murabaha offering The proceeds of the facility will be used to re-finance Arcapita’s outstanding US$210 million Multicurrency Sukuk due 2010, as well as for general corporate purposes.



Visa appoints new GM for Bahrain In his new role, Majeed will be focusing on further developing the company’s electronic payments business in the Kingdom of Bahrain.



Standard Chartered one of pioneer global banks to be UCP 600 ready Standard Chartered Bank recently organised a seminar for GCC representatives from the banking and business industries on UCP 600.



Equity firms bid 25 bln dlrs for US student loan giant Sallie Mae A group of private equity investors said Monday they were buying US student loan finance giant Sallie Mae for a hefty 25 billion dollars.



Al Qudra Holding profits increase by 202% The achievements have contributed to an increase in the shareholders capital by 71%, and subsequently an increase in the shareholder’s return by 87%.



NBD’s real estate team out-performs growth predictions National Bank of Dubai’s European Real Estate Fund (NBD EREF), has announced that its performance has exceeded the projected total return of 15%pa Internal Rate of Return.