Sunday 26 October 2014
 
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HDFC

HDFC to showcase top Indian projects

  India’s top housing finance company HDFC will be bringing a bouquet of projects ranging from apartments, row houses, flats to plots and villas from across India for the expats in the UAE fro

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Citi sells stake in India's HDFC for $1.9bn

Citigroup said it sold its stake in India's Housing Development Finance Corp for $1.9 billion, as the bank steps up efforts to strengthen its capital base. Citi said on Friday it would likely record an after-tax gain of about $722 million

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Self ownership ‘top reason’ to buy property

Sixty-two per cent of the Indians residing in UAE plan to own their home in India and consider self ownership as the main reason to buy, said a report. A little under one-third (32 per cent) of the Indians plan to buy in less than month’s

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Bank Muscat eyes foreign asset sales to cut costs

Bank Muscat, Oman's largest lender by market value, is considering selling more foreign assets to reduce rising operating costs, two bank officials with knowledge of the matter said on Thursday. 'We are considering, after the sale

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Emirates NBD, HDFC launch e-remittance facility

Emirates NBD, a leading bank in the Middle East region, has joined hands with top Indian bank HDFC to launch a special online remittance facility for its Indian clients. Indian nationals residing overseas can avail this facility to remit f

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Bank Muscat Q1 net falls 49pc, provisions up

Net profit at Bank Muscat, Oman's largest bank by market value, nearly halved in the first quarter, as provisions against bad loans remained high and the year-ago comparison figure was boosted by a stake sale. The Oman bank posted a 49 per

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Islamic firms seek bargains in the West

Sharia-compliant firms in the Gulf region are eyeing bargains in Western markets hit by the global crisis, but Islamic merger principles still need development, a partner at an international law firm said. Having covered Islamic finance fo

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BankMuscat Q1 profit jumps 82pc

BankMuscat earned RO48.4 million ($125.7 million) net profit in the first quarter, up 82 percent on the year and in line with expectations, boosted by gains of the sale of its stake in India's HDFC Bank. The net profit for the first qu

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Bank Muscat to sell stake in Indian bank

Bank Muscat said on Tuesday it had sold 40 percent of its holdings in India's HDFC Bank and planned to sell its entire stake. Oman's largest lender said in a statement on the bourse website that it expected 4 million rials ($10.39 million

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Indian bank signs BFH lease accord

Bahrain Financial Harbour Holding Company (BFHHC) had signed a lease agreement with India's HDFC Bank to take over the entire 49th floor in the West Tower. 'Bahrain has been on our radar for quite some time due to its various attractive f

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