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HuaweiDUBAI - Noor Investment Group on Tuesday launched Noor Takaful to meet growing demand of Shariah compliant insurance products within the UAE & GCC region and take a slice of the global Takaful industry, which is estimated to be around $2 billion.
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DUBAI - Merger talks of Noor Islamic Bank (NIB) with any other Islamic bank is not under consideration as the bank has its own expansion plan, said Noor Investment Group’s Deputy Group CEO Dr Ahmed Aljanahi.
DUBAI — The plastic industry in Gulf countries attracted $5 billion investments last year despite global financial crisis, said Al Fajer Information & Services General Manager Satish Khanna.
ABU DHABI - Aviation experts believe that the regional airline industry will continue its impressive growth over the next five years, indicating a bullish and confident attitude amongst the doom and gloom that engulfs the world, according to a survey conducted by Terrapinn, organiser of the 2nd Middle East Aviation Outlook Summit in Abu Dhabi.
ABU DHABI - Abu Dhabi Polymers Park today announced that construction is underway and on schedule for its first industrial plot in Mussafah ICADIII.
DUBAI - Award winning Dubai Duty Free (DDF) has set a new retailing benchmark, when it announced a record annual sales of Dh 3.950 million ($1.1 billion), representing 23 per cent increase over 2007.
DUBAI - UAE’s two stock markets recorded a compounded annual growth rate of 36.76 per cent in combined market capitalisation despite a plunge of 57 per cent in 2008, according to an equity research firm.
DUBAI - Investors in Gulf Arab markets will likely bet on defensive stocks in the telecoms and energy sectors in 2009, turning their backs on property and bank shares that were once the region’s stars.
DUBAI - Salam International Investment Limited (SIIL) by-law grants each shareholder who owns 10 per cent of the company’s shares, which is equivalent to 9,315,168 shares, the right for board directorship, or to appoint a representative even if not a shareholder, and the owner of the multiples of (10 per cent) has the right to appoint more than one member.
DUBAI - The Dubai World Trade Centre (DWTC) announced on Monday, that it has relocated the Arab Lab Expo 2009 and Offshore Arabia 2009 respectively.