Oxford Business Group launches The Report: Abu Dhabi 2009
UAE 08 September 2009  Abu Dhabi’s healthy economic development and its ambitious reform programme and strategies that have gained the confidence of the international business community are analysed in the most comprehensive English language report ever published on the Emirate’s investment and business opportunities.
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Kerala will host global Islamic finance conference next month
Jeddah 08 September 2009  Hussein Madavoor, center, addressing the press conference in Jeddah. (AN photo) An international conference on Islamic finance and interest-free banking will be held in Farook College in Calicut on Oct. 3-4 with the support of the Jeddah-based Islamic Development Bank (IDBA) and Kerala State Industrial Development Corporation (KSIDC). The conference, organized by the post-graduate department of Rouzathul Uloom Arabic College (RUAC), will be historic as it comes at a time when financial experts and investors are seeking effective solutions to the global crisis, said Hussein Madavoor, principal of RUAC.
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Specialist Alternative Asset Management Firm targeting MENA region gets licence to operate from DIFC
Dubai 02 September 2009  Gulfmena to introduce flagship Arab Opportunities Fund in the last quarter of 2009 Gulfmena Alternative Investments Ltd (Gulfmena) has been granted Licence by the Dubai Financial Services Authority (DFSA) to operate as an asset management company from the Dubai International Financial Centre (DIFC).
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Gulf Air and Bahrain Islamic Bank sign US$70million Ijara facility
Bahrain 24 August 2009  National carrier Gulf Air has signed a US$70 million facility with Bahrain Islamic Bank (BIsB). An agreement to this effect was concluded between the two organizations recently. This four year medium-term facility will be used to partly finance eight A320 aircraft, which are expected to be delivered in the fourth quarter 2009 and first quarter 2010 Gulf Air has ordered last year.
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Dubai Islamic Bank reports net profit of AED 820 million in first half of 2009
Dubai 25 July 2009  Dubai Islamic Bank (DIB) announced today its financial results for the first half of this financial year ending 30 June 2009, demonstrating the Bank’s continued profitable operations despite extremely challenging conditions. During the second quarter of 2009, the Bank’s net profit reached AED 450 million, a rise of 22 percent compared to AED 370 million during the first quarter of the year.
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