Thursday 24 April 2014
 
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funds

Iran waters down 200 kg of enriched uranium

Iran said it had completed watering down and converting more than 200 kilograms (440 lb) of enriched uranium under a deal reached in Geneva last November with world powers over its disputed nuclear programme. "Based on the ag

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Loss-hit UK bank confident of raising funds

Britain's loss-making Co-operative Bank said it was confident of raising the extra funds it needs to secure its future, even without the backing of troubled parent the Co-operative Group. The country's eighth-biggest lende

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Bahrain Sico funds net solid returns

Regional investment bank Securities & Investment Company (Sico) said all its Bahrain Bourse-listed funds continued to perform robustly in contrast to peers and respective GCC benchmark indices. The Bahrain-based bank's fla

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ETF global assets hit record $2.44 trillion

Flows into exchange-traded funds (ETF) and exchange-traded product, (ETPs) listed globally rebounded in February gathering net inflows of $29 billion which, when combined with the positive market performance in the month, pushed assets in the gl

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Bullish funds shift money among Gulf markets

Middle East fund managers remain bullish on most of the region's major equity markets, but some are shifting money from the UAE to less richly  valued markets, a monthly Reuters survey of the region shows. The survey of 1

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Gulf funds in bid for Australia toll road firm

Three investment consortia - two involving Gulf government-owned funds - plan to lodge indicative bids for Australian state-owned toll road company Queensland Motorways on Friday, sources close to the transaction said. The sale, e

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QIB joins QInvest to launch Islamic funds

Qatar Islamic Bank (QIB) has partnered with leading investment bank QInvest to launch a new range of innovative Shari’a compliant funds. The “Shiraa Funds” are a range of innovative products investing into a sele

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Daman funds declare record cash dividends

Daman Investments, a leading UAE-based regional investment management company, has declared a 4.97 per cent cash dividend for its investors of the flagship 'Daman Second Emirates Fund' for 2013. Announcing the dividends fo

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Funds most bullish about Egypt equities

Almost half of a sample of Middle East-based fund managers expect to raise equity allocations to Egypt in the next three months, according to the latest monthly Reuters survey of leading fund managers in the region. None expect to

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Gulf funds may take stake in UK N-plant

Gulf state funds could take a stake of up to 15 percent in French utility EDF's 16 billion pound ($26 billion) project to build two nuclear reactors at Hinkley Point in the UK, French financial daily Les Echos reported. Withou

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