| AME Info News - Personal Finance |
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AME Info News - Personal Finance
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Fortress plans hedge fund for Mena region
Wed, 27 Aug 2008 07:49:00 +0400
Fortress Investment Group plans to open a fund to invest in the Middle East and North Africa, reported Bloomberg. The Fortress MENA Fund will be managed by Philippe Peress and is set to begin trading by the end of September.
[AMEInfo.com]
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Takaful House to offer Islamic insurance
Tue, 26 Aug 2008 08:16:00 +0400
Takaful House will be providing services in Takaful (Islamic insurance) in Dubai beginning next month. Islamic insurance companies apply the surplus sharing principle, the company said. It will be offering offering 17 services including auto, fire risks and employment breaks Takaful, among others, as well as covering the consequences of riots and strikes.
[AMEInfo.com]
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al khaliji brings in 'clean' ATMs
Mon, 25 Aug 2008 11:30:00 +0400
al khaliji has launched new automated teller machines (ATMs) in Qatar which is hygienic and environment-friendly. The ATMs are kept clean by means of a specialized biodegradable cleaning set, giving antimicrobial protection that lasts over a week based on nanotechnology. Customers can also do a wide range of transactions as the wide screen also has web services allowing customers to see Reuters news feeds and Doha Securities Market prices in both English and Arabic. The machine also has self-regulating LCD brightness controllers that respond to sunlight, owing to its eco-friendly feature. [AMEInfo.com]
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Amlak to finance 'young' market
Mon, 25 Aug 2008 10:07:00 +0400
Amlak Finance has launched a new product called 'Amlak Plus', designed for young professionals, expatriates and new families with a reasonable level of disposable income to own a larger home. The product offers Amlak customers to pay lower monthly rental in the initial years of their home financing, with the principal repayment starting at the very beginning of the finance tenor, aimed at reducing the overall profit outflow. [AMEInfo.com]
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ADCB offers The Gate financing
Sun, 24 Aug 2008 14:09:00 +0400
Sorouh Real Estate has signed a memorandum of understanding with Abu Dhabi Commercial Bank (ADCB) for the financing of residential sales at The Gate Towers, part of Sorouh's flagship project SHAMS Abu Dhabi, on Al Reem Island. ADCB is the first bank to approve financing for residential property sales for towers 1-3 in The Gate District, a joint venture between Sorouh and Tameer Holding Investment LLC. [AMEInfo.com]
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