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Amlak Finance Half Year Net Profit up by 155 % (Zawya) Dubai-UAE, July 06, 2008 - Amlak Finance PJSC, the largest real estate financier in the Middle East, announced today its preliminary financial results for the half year of 2008. At the end of June 2008, Amlak's half year net profit rose to AED 269 million, an increase of 155% compared to AED 106 million in the half year of 2007. Amlak's revenue for the half year of 2008 was posted at AED 620 ... FInance Board member lashes out over 'unauthorized letter' (Journal Inquirer) "I?m very disappointed that they did this because in the long run it only seems to undermine the citizens? confidence in the Board of Finance for them to see us roiling like this," the chairman, Robert Clements, said Wednesday. Untying a Knot in Campaign Finance (NYTimes.com via Yahoo! Finance) The Obama campaign?s approach to rejecting public financing may offer the only realistic possibility of limiting the corrupting influence of money in politics. Kuwait Finance House seals $125m private placement for financing Malaysian project (AME Info) Kuwait Finance House (KFH) announced sealing a private placement via Al-Nebras 2 fund, which caters to VIP clients, to finance Alexander City project in Jahour province in Malaysia. Mubadala, Waha Capital and Fullerton join forces to create new finance company in UAE (AME Info) Mubadala Development Company PJSC (Mubadala), Waha Capital PJSC, A.A. Al Moosa Enterprises LLC and Fullerton Financial Holdings Pte Ltd (FFH) today announced that they have signed an agreement to incorporate a new finance company headquartered in Abu Dhabi, United Arab Emirates (UAE), to be called 'Dunia Finance LLC'. Personal Finance Daily: The week's 10 best Personal Finance stories: June 30-July 4 (Market Watch) In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of June 30-July4: Asian Banker grants Kuwait Finance House the 'Best Banking Services' award in Kuwait (AME Info) During its 7th festival held in Bangkok, Asian Banker has granted Kuwait Finance House (KFH) the Best Banking award. Jadwa to finance Jabal Omar Co. (AME Info) Jadwa Investment has signed SR12.4bn agreement with Jabal Omar Company Jadwa Investment to finance its real estate project in front of the Grand Mosque in Makkah, Arab News has reported. The finance is both long-term and short-term. Long-term financing will be through Islamic sukuk. Aspic to launch Micro Finance (Daily News) Aspic Corporation will be launching their Micro Finance arm and also hope to float a Wealth management company. According to Managing Director of the Company, Deepthi Perera they would use their experience in both UK and Australia for these two ventures. Amlak Finance half year net profit up by 155% (AME Info) Amlak Finance PJSC, the largest real estate financier in the Middle East, announced its preliminary financial results for the half year of 2008. | |
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