Saturday 20 December 2014
 
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equity

Gold rises above $1,200, shrugs off rising equities

Gold has edged up above $1,200 an ounce as buyers helped the metal hold up against rising equity markets, paring losses fuelled by worries over a looming hike in US interest rates. A surge in gold prices to above $1,230 an ounce l

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ADIB offers low-risk exposure to EU equities

UAE-based Abu Dhabi Islamic Bank (ADIB) said it is offering a new 100 per cent capital-protected note that gives investors exposure to European equities. Having suffered in the wake of the global economic crisis, European equities

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India to launch new Islamic equity fund

Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives.

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Kuwait to sell Dow Chemical's petchem venture shares to public

Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which US petrochemicals giant Dow Chemical plans to sell off, state news agency Kuna quoted a senior Kuwaiti executive as saying.  

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NBAD launches shariah dividend fund

The National Bank of Abu Dhabi (NBAD) has launched its NBAD Shariah Mena Dividend Leader Fund, which will invest in select dividend-paying companies traded on the most promising Mena equities markets. The fund has been inspired by

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GlassPoint Solar gets $53m investment boost in Oman

GlassPoint Solar, a leader in solar enhanced oil recovery (EOR), has announced a $53 million equity investment from the State General Reserve Fund (SGRF), the largest sovereign wealth fund of Oman, Royal Dutch Shell (Shell) and the firm’s

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Swicorp unit buys 30pc equity in Saudi steel firm

Sadeed Investment, a company owned by top Saudi asset management firm Swicorp, has acquired a 30 per cent equity in BRC Industrial (Saudia), a long steel products manufacturing company in the kingdom. Founded in 1974, with revenue

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UAE, Egypt top private equity investments in Mena

The UAE and Egypt led the number of investments in the Mena region last year with 20 per cent each, followed by Lebanon with 18 per cent, according to a recent report.   The ‘Mena Private Equity and Venture

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NBAD broadens scope of regional funds

The National Bank of Abu Dhabi (NBAD) has rebranded several of its equity funds moving investment to a broader Mena focus from a UAE emphasis.    The expanded scope, diversification and geography of the rebr

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Kuwait's Americana denies bid offers

Kuwait Food Company (Americana) said on Sunday it had no knowledge of any firms interested in buying its business, contrary to recent media reports. "The administration of the company has no knowledge of this matter. The admi

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