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Japan’s Nomura sets up Middle East FX team

Japan’s Nomura sets up Middle East FX team

Japanese investment bank Nomura is setting up a foreign exchange trading team in Dubai to meet growing demand among its institutional clients to trade Middle East and North African currencies, the bank said on Monday.

March 5, 2012 1:28
 
IPIC signs $850 mln refinancing loan -bankers

IPIC signs $850 mln refinancing loan -bankers

Abu Dhabi's International Petroleum Investment Company has signed an $850 million, three-year syndicated loan with mandated lead arrangers Barcap, BNP Paribas, Bank of America Merrill Lynch, DBS and Standard Chartered, bankers said.

March 4, 2012 10:55
 
Bahrain’s Gulf Finance House swings to small profit in 2011

Bahrain’s Gulf Finance House swings to small profit in 2011

Bahrain's Gulf Finance House swung to a full-year profit in 2011 as the troubled sharia-compliant investment firm said its restructuring plan, which included significant cost-cutting, helped reverse its fortunes.

March 1, 2012 1:48
 
Abu Dhabi’s TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi’s TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi's government-owned Tourism Development Investment Company (TDIC), builder of branches of the Louvre and Guggenheim museums, is mulling asset sales to help repay $2 billion in debt maturing in 2014, its chief financial officer said.

February 27, 2012 12:53
 
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