Saturday 31 January 2015
 
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Bank Dhofar mulls options for up to $300m capital raising

Bank Dhofar, Oman's third-largest lender by assets, plans to raise its capital by up to $300 million at the earliest opportunity, with a Tier 1 capital-boosting bond its preferred method, the bank said in a statement. It is the latest Gulf lender to consider capital instrumen

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Mumtalakat rules out asset sale

Bahraini sovereign fund Mumtalakat will not sell any assets or change its investment strategy in response to a likely oil price-driven shortfall in the state budget, it said on Thursday. The fund holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco

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Emirates Islamic Bank selects Finacle solutions

Emirates Islamic Bank (EI), a leading Sharia-compliant banking institution in the Middle East, has selected the Infosys Finacle Islamic Banking solution to run its operations.   With Finacle, EI can leverage a world-class platform that will enable the bank to serve its custom

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