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UAE conventional banks' assets hit Dh2.148 trillionThe total assets of conventional banks operating in the UAE amounted to Dh2.148 trillion ($584.73 billion) by the end of November, accounting for around 80 percent of the UAE banking system's total assets, which reached Dh2.687 trillion. More… |
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Demand to ban conventional banks in Bahrain rejectedMPs demands to ban conventional banks and allow only Islamic banks to operate in Bahrain have been shot down by Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa. He said that Bahrain was trying to become a regional Islamic ba More… |
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Sustainable landscaping modes in focus at Dubai summitSpanning a range from schools and community centres to sporting facilities and recreational parks, sustainable landscaping is fast becoming a major factor in improving quality, design and safety standards, according to experts. Ex More… |
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ACWA Power bids for $5bn worth renewable projectsSaudi Arabian water and power projects firm Acwa Power is tendering for solar and conventional power projects projects worth more than $5 billion, reflecting growth in the renewable sector. The company has won the contract to deve More… |
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LIC to launch new products in BahrainBahrain-based insurance firm LIC (International), a subsidiary of LIC of India, plans to launch two new conventional plans, which have already been filed with the Central Bank of Bahrain. The company's chief executive and mana More… |
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Qatar conventional banks to close Islamic opsQatar's central bank ordered commercial banks to close Islamic banking operations by the end of 2011, sources said on Sunday, a surprise move seen hurting conventional lenders in the state. The central bank issued a circular over the w More… |
