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UAE’s Amlak enjoys profit increase for 2014

Amlak Finance has posted a 22% increase in attributable net profit for 2014. According to Reuters, the Dubai-based Islamic mortgage lender’s net profit rose to AED 58.9 million ($16m) last year, in comparison to AED 48.2 million in 2013. Last November, the company signed a $2.7 billion debt and financing restructuring deal with creditors after…

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American Express launches new credit card with exclusive travel rewards

American Express (AMEX) Middle East has launched a new UAE Dirham-denominated credit card, offering travellers based in the country market leading rewards. According to the company, the AMEX Platinum Credit Card provides access to the award-winning Membership Rewards programme, enabling cardholders to earn 1 mile for every US dollar spent. These points can then be…

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