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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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RAKFTZ posts 70% YoY Increase In New Company Registrations

RAKFTZ posts 70% YoY Increase In New Company Registrations

February 12, 2014 12:42 pm

RAKFTZ (Ras Al Khaimah Free Trade Zone )- one of the most business friendly and cost effective free zones in the UAE-on Wednesday reported a 70% YoY (year on year) increase in new company registrations for the first half of the year ended June 30, 2013. 1,994 new companies (highest number ever) have joined RAKFTZ […]

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Dubai Growth To Help Loosen Investor Purse Strings

Dubai Growth To Help Loosen Investor Purse Strings

February 12, 2014 12:40 pm

Dubai: The continuing growth of Dubai is strategic to its various entities- government , private sector and government –related entities – raise additional funding required for expansion plans associated with the hosting of the expo in 2020, a senior official of ratings agency Moody’s said on Wednesday. While responding to a question on whether from […]

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