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  1. UAE April bank lending growth picks up to 8.4 pct y/y; M3 slows

    Headlines

    Mon, 25 May 2015

    May 25 (Reuters) - Bank lending in the United Arab Emirates rose 8.4 percent from a year earlier in April, speeding up from 8.2 percent growth in March, central bank data showed on Tuesday. Money...

  2. UAE banks discuss plan for centralised Islamic finance board

    Headlines

    Sun, 24 May 2015

    ABU DHABI, May 24 (Reuters) - The United Arab Emirates ' bank industry association has discussed a proposal to create a centralised sharia board that would monitor Islamic banking, which could spur the growth of the industry.

  3. U.S. sanctions two companies linked to Iran's plane purchases

    Headlines

    Thu, 21 May 2015

    WASHINGTON, May 21 (Reuters) - The United States on Thursday imposed sanctions on two firms based in Iraq and in the United Arab Emirates for helping Iran purchase second-hand civilian aircraft.

  4. UAE's IPIC seeks arbitration over South Korean refinery sale tax

    Headlines

    Thu, 21 May 2015

    SEOUL, May 21 (Reuters) - Abu Dhabi-based International Petroleum Investment Co (IPIC), which sold its controlling stake in a South Korean refiner in 2010 for over $2 billion, has filed a request for arbitration, seeking compensation for a tax payment stemming from the sale, according to a South ...

  5. Dubai's Amanat buys 4.14 pct stake in Al Noor Hospitals

    Headlines

    Thu, 21 May 2015

    DUBAI, May 21 (Reuters) - Dubai's Amanat Holdings has bought a 4.14 percent stake in London-listed United Arab Emirates healthcare firm Al Noor Hospitals from Deutsche Bank for 250 million dirhams ($68.1 million), Amanat said on Thursday.

  6. UPDATE 1-Dubai's Emaar plans to float 13 pct Egypt unit on Cairo exchange

    Headlines

    Wed, 20 May 2015

    DUBAI, May 20 (Reuters) - Dubai's Emaar Properties plans to list a 13 percent stake in its Egyptian unit on Cairo's stock exchange, the largest listed developer in the United Arab Emirates said on Wednesday.

  7. UAE's RAKBANK makes offer to buy RAK National Insurance

    Headlines

    Tue, 19 May 2015

    DUBAI, May 19 (Reuters) - United Arab Emirates -based National Bank of Ras Al Khaimah made a public offer on Tuesday to buy shares in Ras Al Khaimah National Insurance Co , according to a bourse filing.

  8. Fitch Assigns BoS Funding's Planned Issuance 'BBB+(EXP)'

    Headlines

    Tue, 19 May 2015

    documents conforming to information already received. KEY RATING DRIVERS BoS Funding is a wholly owned subsidiary of United Arab Emirates -based Bank of Sharjah P.J.S.C (BOS, BBB+/Stable/F2). BoS Funding is incorporated in the

  9. UAE's Waha Capital to invest up to $1.08 bln by 2020 -chairman

    Headlines

    Sun, 17 May 2015

    ABU DHABI, May 17 (Reuters) - Abu Dhabi investment firm Waha Capital plans to invest up to 4 billion dirhams ($1.08 billion) by 2020, the company said on Sunday after posting a 20 percent rise in first-quarter profit.

  10. Singapore-flagged ship comes under Iranian fire - UAE coastguard

    Headlines

    Thu, 14 May 2015

    DOHA, May 14 (Reuters) - The United Arab Emirate's coastguard said it went to the aid of a Singapore-flagged ship on Thursday after the vessel came under Iranian naval fire, the Gulf state's news agency reported.

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