Saturday, 10 May 2008

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ADCB buys RHB stake, see profits doubling

ADCB buys RHB stake, see profits doubling

Banking & Finance
Abu Dhabi lender acquires 25% of Malaysia's fourth largest lender for $1.23bn.

Banks help Gulf markets finish week on high
Banking & Finance
Abu Dhabi's benchmark led the gains, reversing a two-day losing streak to rise 0.17%.

Saudi bourse sees sixth straight day of losses
Banking & Finance
Banking stocks lead declines as investors book profits in stocks that rallied last month.

Saudi pension agency eyes property unit IPO
Banking & Finance
Firm referred to as Pioneering Investment Company has $800mn of investments in Saudi.


REGISTER FOR ARABIANBUSINESS.COM DAILY NEWS ALERTS

more »MIDDLE EAST BANKING & FINANCE COMMENT

Performance through sustainability
Implementing a sustainable investing strategy in a portfolio requires a long-term view but it is valuable to do so.

Natacha Guerdat  

Time to embrace KPO
In the last seven years, Business Process Outsourcing has grown hugely to become $150bn-plus global industry.

Rajeev Lalwani

more »MIDDLE EAST BANKING & FINANCE FEATURES

Private party

Gulf economies could generate $1 trillion budget surpluses in a decade, fuelling a private equity boom.

Bahrain calling

Bahrain is fast becoming a regional financial powerhouse, attracting some of the biggest global names.

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

SPOT POLL

Are you concerned that the introduction of VAT will lead to higher prices, and the first step to personal taxation?

No, VAT is inevitable, and needed. It can also help in the lowering of inflation in the country
No, as long as VAT is used simply as a better system than customs duty, this should be relatively painless
Yes, tax is addictive for governments and once introduced there is only one way it will go - up
I'm leaving - tax is on the way, and that's not part of the bargain I made when I came here
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