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MENA Financial Directory
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Quick Poll
Are Takaful companies likely to see significant writedowns in 2010 as a result of real estate investments?
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TOP STORY |
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Updated: Tuesday, February 09 2010 |
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| FEATURES & ANALYSIS
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Tax tribunal accepts recession as a cause for late payment
A business would have to demonstrate a strong track record of good financial management. They would need to have met tax deadlines in the past, and show that cash flow problems had arisen due to circumstances beyond their control, having been caused, for example, through fraud or a sudden credit problem, according to Smith & Williamson. |
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Christie’s sees sales fall by 35 per cent
Dubai sales centre down by 62 per cent at $20.1 million; Post-War & Contemporary Art down by 65 per cent; Asian art down by 39 per cent; sales of Impressionist & Modern Art fall by 34 per cent. Record price was achieved for a modern work of art by an Arab artist with Remembrance and Gratitude by Ahmed Moustafa which sold for $662,500. |
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A time to cover the bases and play a good defence
Investment professionals see below-normal economic growth, modest inflation, and single-digit returns. Says Hedge funds lack liquidity and transparency and face potentially increased regulation that could limit their strategies, but they also provide attractive risk/return characteristics because they face less competition to achieve relative outperformance than many asset managers. |
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Analysis of GCC banks’ loan portfolio and deposit base
The breakdown of loans among the six GCC countries showed that as of 30 September 2009 the UAE Banking sector has the biggest share with a 34 per cent market share of loans, equivalent to a value of $213 billion, while the banking sector in Saudi Arabia follows with a percentage contribution to total loans of 33 per cent or around $207 billion, according to a report by Kipco Asset Management Company (KAMCO) |
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Optimism over M&A appetite
Appetite for M&A transactions is surprisingly healthy, according to a survey of CEOs and senior executives by UBS and the Boston Consulting Group. |
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