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Deutsche Bank to become a shareholder in Bahrain's GFH
Source: BI-ME and Bloomberg , Author: BI-ME staff
Posted: Tue November 24, 2009 10:48 pm
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BAHRAIN. Gulf Finance House (GFH) said Deutsche Bank AG decided to convert part of an Islamic financing extended to the Bahrain-based investment bank into shares, according to a statement on the Dubai bourse Web site today.

Deutsche Bank will receive 78.95 million Gulf Finance House shares worth US$30 million, said the Bahraini bank. This sum is part of a US$100 million convertible Murabahah facility received from Deutsche Bank, it said.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 8, 2010
INTERNATIONAL. Trying to achieve financial goals by pouring all of one's assets into emerging markets today, telecommunications tomorrow, and Japanese small-cap stocks next week is not a guarantee for achieving a sound financial plan.
date:Posted: February 8, 2010
INTERNATIONAL. The latest survey shows 46% of respondents expect their business travel to increase, marking a rise by 22 points compared with figures of the same period in 2009.
date:Posted: February 8, 2010
INTERNATIONAL. Despite being widely affected by the economic downturn, the technology sector experienced various bright spots in 2009 which point to the direction the sector will take throughout the year.