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  • 200-bank-muscat

    Key Dubai shareholder opts out of bank Muscat rights sale

    Dubai Group sells rights to buy shares at discount; Bank Muscat eyes $251 mln from discounted rights sale; Dubai has rights to buy 33 mln shares in the Omani bank;Dubai Group is bank's second largest shareholder with 14.7 pct stake

    July 15, 2012 5:07
  • 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
 
 
  • saudi-riyal-sukuk

    Saudi development fund to lend Tunisia $220 million

    The Saudi Fund for Development will extend a total of about $220 million to Tunisia in low-interest loans, Tunisia's Investment and International Cooperation Ministry said, as the North African country seeks to recover from last year's revolution.

    July 14, 2012 9:01
  • http://www.dreamstime.com/-image15247709

    Saudi Cement second quarter net profit jumps 36 percent

    Saudi Cement Co posted a net profit of 290.2 million riyals ($77.4 million) for the second quarter on Saturday, a rise of 36 percent from a year earlier.

    July 14, 2012 8:59
  • Iran-oil-sanctions

    Iran issues new oil blockade warning

    Iran could prevent even "a single drop of oil" passing through the Strait of Hormuz if its security is threatened, a naval chief said on Saturday, as tensions simmer over Tehran's nuclear programme.

    July 14, 2012 8:51
 
 
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