ADIB finances AED 195 million acquisition of Travelodge Hotel at London’s Heathrow Airport | Press Release | Salaam Gateway />

London, UK; August 5, 2018: Abu Dhabi Islamic Bank (ADIB) UK, a wholly-owned subsidiary of Abu Dhabi Islamic Bank – a leading financial institution, has closed a commercial financing transaction for the acquisition of a Travelodge Hotel, located at London’s Heathrow Airport. The property was acquired by a Saudi based client for £40.3 million (AED 194.6 million), with ADIB providing £26 million (AED125.7 million) of Sharia’a-compliant financing. Source: ADIB finances AED 195 million acquisition of Travelodge Hotel at London’s Heathrow Airport | Press Release | Salaam Gateway />

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Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge – Banking & Finance,UAE,Europe – ArabianBusiness.com

Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge Rick Pudner joins Lumina to focus on UK-Middle East opportunities ahead of Brexit move Lumina, the Dubai-based specialist corporate finance firm, has hired former Emirates NBD Group CEO, Rick Pudner, to help lead the company’s expansion overseas. Based out of London, Pudner will initially focus on shaping the significant bilateral economic opportunities between the UK and the Middle East, in the lead up to Brexit, Lumina said in a statement. Source: Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge – Banking & Finance,UAE,Europe – ArabianBusiness.com

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Britons unprepared for a potential hike in interest rates | Mortgage Introducer

With today marking one month until the Bank of England (BoE) will announce if there is to be an increase in interest rates, almost half (47%) of Britons are unaware of a possible increase. CYBG’s digital banking service B also found over half (57%) admitted to not fully understanding how a rise in interest rates will impact their financial situation. Source: Britons unprepared for a potential hike in interest rates | Mortgage Introducer

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Anne Boden: big banks “won’t be able to compete” in a digital future

In October 2008, less than a month after the collapse of Lehman Brothers in the United States, then-Prime Minister Gordon Brown unveiled a plan he called “unprecedented but essential”. Of the £37bn Brown committed to bailing out the big banks, the lion’s share – £20bn of taxpayers’ money – was aimed at saving the Royal Bank of Scotland. Source: Anne Boden: big banks “won’t be able to compete” in a digital future

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Landlords make over £86,000 in capital growth from selling up | Mortgage Introducer

Landlords make over £86,000 in capital growth from selling up Michael Lloyd March 12, 2018 inShareWhatsAppEmail The average landlord who sold their rental property in 2017 made a gain of £86,651 from when they bought it – which was on average 8.7 years ago. The Countrywide Monthly Lettings Index found sellers in London gained £253,981, over four times more than those selling outside the capital. Source: Landlords make over £86,000 in capital growth from selling up | Mortgage Introducer

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Hong Kong, London, New York shortlisted for Aramco IPO – Gulf Business

Saudi Arabia has shortlisted New York, London and Hong Kong – singly or in a combination of two or even all three – for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said.The initial public offering (IPO) will also include the Saudi stock exchange, Tadawul, and is still set for late 2018, the sources said.googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1490877017801-3’); });The shortlist means Tokyo, Singapore and Toronto are no longer in the running for what is likely to be the world’s biggest IPO. Riyadh could raise as much as $100bn in the sale

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Sheikh Abdullah inaugurates new UAE embassy in London – Gulf Business

Sheikh Abdullah bin Zayed, the UAE’s Minister of Foreign Affairs and International Cooperation, has inaugurated the country’s new embassy in London.Sheikh Abdullah and the UK’s Minister of State for International Development and Minister of State of the Middle East at the Foreign and Commonwealth Office, Alistair Burt, also unveiled a commemorative painting to mark the opening of the UAE embassy’s new headquarters. Source: Sheikh Abdullah inaugurates new UAE embassy in London – Gulf Business

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