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| ADNIC Net Profit Dives 36 Per Cent in 2008 |
| [Feb 14,2009] | Source: Khaleej Times |
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 ABU DHABI - The full-year net profit of Abu Dhabi National Insurance Company (ADNIC) fell 36 per cent to Dh210.268 million in 2008 from Dh330 million in previous year. The revenues soared 17 per cent to Dh1.356 billion in 2008, up against Dh1.157 billion in the previous period. The net retained premium grew by 35 per cent to Dh476. 26 million for the year against Dh352.206 million in 2007. However, the net operating profit rose 11.76 per ... [full story] |
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| Hedging Risks Through Multi-asset Trading at BFX |
| [Feb 14,2009] | Source: Khaleej Times |
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 DUBAI - The Bahrain Financial Exchange (BFX) was recently allowed by the Central Bank of Bahrain to list and trade cash and derivates instruments on multiple asset classes, including Islamic finance instruments or Shariah-compliant products. BFX director Arshad Khan, who is also director of business development for the Middle East and North Africa operations of the Financial Technologies Group, plays a key role in promoting the exchange as an alternative investment platform in the region. Khan ... [full story] |
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