Friday 24 October 2014
 
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Egypt will fix economy but don't expect miracles: PM

Egypt's Prime Minister urged the country's citizens not to expect instant results from large-scale infrastructure projects the government has embarked on to create jobs and strengthen the economy. Ibrahim Mehleb faces the monume

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$10,000 stolen from travel agency in Bahrain

Two masked men broke into a travel agency in Bahrain and stole more than BD3,800 ($10,018.5) in cash and cheques. It was the second time in 16 months that the Royal Gulf Travel and Tourism, which represents Syrian Air, has been ro

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$10,000 stolen from travel agency in Bahrain

Two masked men broke into a travel agency in Bahrain and stole more than BD3,800 ($10,018.5) in cash and cheques. It was the second time in 16 months that the Royal Gulf Travel and Tourism, which represents Syrian Air, has been ro

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Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs

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NBAD launches liquidity management fund

The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement. The NBAD Cash Plus Fund allows investors to benefit from higher rates than conv

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Serbia eyes Gulf cash for $4bn waterfront project

Serbia has unveiled plans to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro ($4.08 billion) scheme that will be funded by cash from Gulf investors. The B

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Royal Jordanian to get $141m cash injection

Royal Jordanian Airlines will receive a cash injection of 100 million dinars ($141 million) this year, which will help the carrier recover from operational losses on its Middle Eastern routes, an executive said on Monday.  

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Sabic to pay $2.3bn in cash dividend for H2

Saudi Basic Industries Corp (Sabic) has approved its board’s recommendation to distribute SR9 billion ($2.3 billion) in cash dividends at SR3 per share for the second half of last year.   Shareholders regis

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UDC approves 10pc cash dividend

United Development Company (UDC), a leading Qatari shareholding company and the master developer of The Pearl-Qatar, has approved the distribution of 10 per cent cash dividend to its shareholders.   It also annou

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Emaar proposes 15pc cash dividends

Emaar Properties said its board of directors has proposed the distribution of a cash dividend of 15 per cent of the company’s share capital for 2013 along with 10 per cent bonus shares to shareholders. The proposal was put f

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