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Hong Kong Looks To Enhance Swiss Trade Ties

Hong Kong Looks To Enhance Swiss Trade Ties

February 12, 2014 12:53 pm

The Secretary for Commerce and Economic Development Gregory So while on a recent visit to Switzerland promoted Hong Kong as a place for Swiss firms to undertake business, using both the FTA (Free Trade Agreement) between Hong Kong and the member states of the European Free Trade Association, and the Hong Kong Closer Economic Partnership […]

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Foreign Investors Close $31Bn Dubai Property In 2013

Foreign Investors Close $31Bn Dubai Property In 2013

February 12, 2014 12:52 pm

On Tuesday, the Dubai Land Department revealed that foreign investors were part and parcel of close to half of all real estate deals in Dubai last year. The sum total of all international real estate transactions for 2013 exceeded AED 114 billion ($31 billion), nearly half the AED 236 billion total. Foreign nationals from 162 […]

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Release Of The First Tranche Of Fixed Deposits By The Bank Of Cyprus

Release Of The First Tranche Of Fixed Deposits By The Bank Of Cyprus

February 12, 2014 12:43 pm

Following the “bail – in” of depositors as a condition of international financial support to Cyprus in March 2013, there was the imposition of restrictive measures on deposits within the Cyprus banking system as at 15th March 2013. There has been a gradual relaxation of the restrictions and the government has announced that it has […]

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Dubai’s DIB Posts 66% Jump In Q4 Net Profit

Dubai’s DIB Posts 66% Jump In Q4 Net Profit

February 12, 2014 12:42 pm

Reuter’s calculations show that, DIB (Dubai Islamic Bank), the largest sharia –compliant lender in the emirate, posted a 66.2% jump in its 4th-quarter net profit. The bank beat analysts’ forecasts and made AED518 million ($141 million) in the three months leading to December 31, an increase from AED311.7 million in the similar period last year. […]

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