Friday 28 November 2014
 
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finance

Airbus, ADNL sign spare parts financing deal

Leading aircraft manufacturer Airbus has signed a deal for spare parts financing with Abu Dhabi National Leasing Company (ADNL), a wholly-owned lease finance arm of the National Bank of Abu Dhabi (NBAD). Under the facility, ADNL w

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Airbus, ADNL sign spare parts financing deal

Leading aircraft manufacturer Airbus has signed a deal for spare parts financing with Abu Dhabi National Leasing Company (ADNL), a wholly-owned lease finance arm of the National Bank of Abu Dhabi (NBAD). Under the facility, ADNL w

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Islamic finance leaders to convene at Bahrain conference

Industry titans, pioneers and global leaders in the international Islamic banking and finance industry are set to take part a conference to be held in Bahrain from December 1. The 21st Annual World Islamic Banking Conference (WIBC

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‘Standardisation vital for Islamic finance sector'

The standardisation of Islamic finance and the future of the industry were discussed at a key conference in Bahrain yesterday (November 17). Representatives of the Islamic banking sectors from more than 35 countries converged on t

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Jordan rejects IMF-proposed new taxes

Jordan’s Finance Ministry has rejected proposals from the International Monetary Fund (IMF) to increase sales and other taxes, according to a report. It has presented a package of alternative measures to increase revenues an

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ANB signs $692m finance deal with Huta Marine for Saudi port

Arab National Bank has signed a credit finance package worth SR2.6 billion ($692.8 million) with Huta Marine Works to finance the construction and development of the King Abdullah Port (KAP) project in Saudi Arabia. The bank is the mand

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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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