Friday 31 October 2014
 
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finance

Bahrain’s Islamic finance growth to hit $80bn

Bahrain continues to be the best performing country in Islamic finance with projected growth expected to touch $80 billion by the year-end. This was highlighted by the Thomson Reuters, research and development head Mustafa Adil du

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Bahraini car dealer launches new finance package

A new car finance package was launched by Bahraini Jaguar and Land Rover dealer Euro Motors at its Sitra showroom yesterday (October 27). The dealer has partnered with the Bank of Bahrain and Kuwait to offer customers a finance package

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Egypt considers $1.5bn bond as it repairs economy

Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said on Thursday.

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Tesco chief to quit over finance blow

The chairman of Britain's biggest grocery chain, Tesco, resigned after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought. Tesco, Britai

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Islamic finance grows twice as fast as traditional banks

Islamic finance is growing at twice the rate of the traditional banking industry in its core markets, which include Malaysia, Indonesia, Turkey and the GCC countries, according to an expert. The industry currently boasts $1.6 tril

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New trade finance solution in focus at Bahrain forum

A new trade finance solution not yet available in the Middle East is catching on fast in Western financial markets, it has emerged. Bank Payment Obligations (BPOs) is a payment instrument that's less risky than an open-account

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Ittihad, Irish firm set up aviation finance JV

Ittihad International Investment of Abu Dhabi, UAE, and Aviation Finance Company of Dublin, Ireland, have formed a joint venture that will bring finance and leasing solutions to the aviation industry in the Middle East, North and East Africa and

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Khaleeji Commercial signs $18m finance deal

Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has signed a new corporate financing deal for a new specialist hospital in the kingdom. Under the agreement, the bank will provide BD7 million ($18 million) finance f

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Business, trade finance link in focus at Dubai summit

The linking of business with international trade finance will be the focus of discussion at a top trade finance summit set to take place in Dubai next month. The Global Trade Finance and Industrial Development Summit will run from

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BIBF-Thomson Reuters study Islamic finance growth

Bahrain Institute of Banking and Finance (BIBF) is collaborating with Thomson Reuters to study the knowledge dimension of the Islamic finance industry through the ICD Thomson Reuters Islamic Finance Development Indicator (IFDI) 2014.

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