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The finance sector has never been more in the news, as the global credit crisis sweeps around the world. DIFC Week in Dubai gathers together industry leaders to discuss the future of the sector, how this region can minimise the impact of the financial downturn, how traditional and family-run businesses can help growth and the role of women in the Middle East finance industry.

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Depa dives as NASDAQ Dubai resumes trading

United Arab Emirates: 26 minutes ago
The FTSE NASDAQ Dubai UAE 20 Index closed 1.27% higher at 2581.20 points Wednesday. Interior design firm Dapa Limited lost 4.76% to hit $0.40 after trading in the shares was resumed by the bourse's regulator DFSA. On Tuesday, the DFSA suspended Depa shares from trading as the firm's annual general meeting was held. Arabtec Construction which owns a 24% stake in Depa aims to have a bigger representation on Depa's board, The National reported. The report added that Arabtec's move could be interpreted that it aims to bid for a complete takeover of Depa, citing analysts.

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Five steps to creating a Shariah-compliant portfolio

Middle East: Friday, June 15 - 2012 at 08:57
According to The Banker's 2012 report on the Top 500 Islamic Financial Institutions, "Shariah-compliant assets rose by 21.41% from $894bn in 2010 to $1,086bn in 2011" and "Islamic finance has held a compound annual growth rate of 18.82% from 2006 to 2011." It has been performing extremely well since its creation 40 years ago, and its expansion has accelerated in the past few years, within emerging economies around the world but also in non-Muslim majority regions like Europe.