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  • Dar-al-Arkan

    Dar al-Arkan to repay all sukuk by end-2015

    Dar to repay further 2.4 bln riyals debt by 2015; Does not plan to issue new sukuk this year; Expects at least 10 pct profit growth in Q3, Q4; Aims for over 10 pct growth in 2013; No impact from mortgage law this year

    July 15, 2012 5:06
  • UAE-central-bank

    UAE to require banks to hold 10 percent liquid assets

    Banks in the United Arab Emirates will have to hold high-quality liquid assets equal to 10 percent of their liabilities from Jan. 1 next year, under a rule introduced by the UAE central bank as it prepares the sector to comply with Basel III global standards.

    July 15, 2012 5:06
  • UAE's Hormuz bypass

    UAE ships first oil via Fujairah as Iran threats escalate

    As Iranian threats to close the Strait of Hormuz grew louder over the weekend, the United Arab Emirates quietly loaded its first cargo on Sunday from its long-awaited new oil export terminal on the Gulf of Oman.

    July 15, 2012 5:04
 
 
 
 
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