Hot topics
Hot topics in the news Qatari Diar, a state-owned company, will be building a resort worth $350 million on the Syrian coast. At the same time, Emaar Properties, based in the UAE, has just entered into a joint venture worth $100 million.
Read full article: [UAE companies to develop in Syria]The Emaar Board of Directors currently have a proposal on the table for a 20% dividend to be distributed at the upcoming Annual General Meeting. Furthermore, they are set to expand their influence through purchases of land in many nearby places, including a large plot in Istanbul. Finally, the company has also been declared 'overweight' by HSBC Holdings.
Read full article: [Emaar continues to post strong growth projections]
London is emerging as the key centre for Islamic finance outside of the Middle East as financial institutions clamber to become part of a growing market. Currently it is estimated that Islamic banking manages funds of $200 billion. It is predicted to increase by up to 15% a year and be worth a trillion dollars by 2010.
Once upon a time the Canary Islands were an exclusive holiday haunt for only a select few who actually knew where the Spanish archipelago was hidden in its tucked away corner of the North Atlantic Ocean.
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