Thursday 14 November 2019

Ithmaar Bank reports increase in profit

Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today increased profits for the nine-month period ending September 30 this year as the bank continues its focus on customer-centric growth.   The announcement, by Ithmaar Bank chairman Prince Amr Al Fa


Investcorp to host Investors Conference in Bahrain

Investcorp, a leading global provider and manager of alternative investment products, will hold its 2019 Investors Conference in Bahrain on November 13 and 14, with over 250 investors attending from the GCC.    The conference will explore the shape and dept


Bupa Arabia Signs Cooperation Agreement with Saudi BIAC

Bupa Arabia, the leading cooperative health insurance company, has signed an agreement with Business Incubators and Accelerators Company (BIAC), a subsidiary of Saudi Technology Development and Investment Company (Taqnia), to strengthen cooperation opportunities between the two companies and


ADIB Q3 net profit up 5.2pc to $168.8m

Abu Dhabi Islamic Bank (ADIB) has reported net profit of Dh620 million ($168.8 million) for the third quarter (Q3) of the year, marking a 5.2 per cent increase compared to net profit of Dh589 million during Q3 2018 as revenues rose. This brought profits in the first nine months o


Thirty Bahrain exporters expand to 25 markets worldwide

Export Bahrain, a key initiative of the national SME Development Board, said that it recorded exports valued at over $15.5 million with more than 30 exporters targeting markets around the world since its inception in November 2018. The 30 exporters made significant progress expan


Ithmaar Holding reports $5.86m net profit for Q3

Bahrain-based Ithmaar Holding has reported a net profit of $5.86 million for the three-month period ended September 30 (Q3), compared to the net profit of $0.51 million reported for the same period in 2018. The company reported a net profit of $3.68 million attributable to equity


Aldar unit lists $500m sukuk on Abu Dhabi exchange

Aldar Investment Properties, a subsidiary of leading UAE developer Aldar Properties, today (November 07) successfully listed its $500 million sukuk (Islamic bond) on the Abu Dhabi Securities Exchange (ADX).   In a statement posted on the Abu Dhabi Securities Exc


Investcorp, China groups launch food sector PE venture

Bahrain-based Investcorp, a leader in alternative investments, China Resources, a global distributor of food brands and Fung Strategic Holdings, a member of Fung Investments, have launched the first-ever private equity platform dedicated solely to investing in food brands in Asia, specifically


Bank ABC posts 9-month net profit of $161m

Bahrain-based Bank ABC (Arab Banking Corporation) has posted a net profit of $161 million on a headline basis for the first nine months of the year, an increase of 1 per cent compared to $159 million reported for the same period last year. The period was marked with persisting tr


DFM posts net profit of $26m for 9 months

The Dubai Financial Market (DFM) has posted a net profit of Dh95.5 million ($26 million) for the first nine months of 2019, an eight percent decrease from Dh103.7 million in the same period of 2018. The net profit of the third quarter of the year 2019 increased 45 percent to Dh30

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