Wednesday 17 September 2014
 
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Bahrain-GCC links contribute to trade growth

Bahrain’s deeper links that it has established with other economies in the region has been a substantial contributor to the kingdom’s trade growth over the past decade, according to a recent report. The Economic Insight: Middle East Q3 2014 pointed out that over a thi

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Ibdar Bank appoints new CEO

Bahrain-based Ibdar Bank has announced the appointment of Basel Al-Haj-Issa as the bank’s new chief executive officer. Al-Haj-Issa will play a leading role in driving business performance and strategic initiatives, supporting and advising the board, a statement from the ban

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Turkish Islamic bank to establish in Bahrain

Turkish Islamic lender Turkiye Finans Katilim Bankasi plans to establish a presence in Bahrain, in what would be its first overseas foray and a welcome addition to the Kingdom's Islamic banking sector. Turkiye Finans, in which Saudi Arabia's National Commercial Bank is th

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UAE Exchange claims 6pc of global remittances

UAE Exchange, the single largest player in the remittance industry in the GCC, has over six per cent of share in the global remittance market, said a top official. “Remittances from this region is almost 50 per cent of remittances to India, the largest remittance receiving

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Saudi, Oman lead GCC salary hike forecast

Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries for 2015 at 5.4 per cent each; a slight decrease from the 2014 predictions, a report said. Companies across the GCC are predicting an average salary increase of 5.1 per cent in 2

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Adib offers low-risk sharia-compliant stocks

Abu Dhabi Islamic Bank (Adib) is offering investors low-risk exposure to global sharia-compliant stocks through a new 100 per cent capital-protected note that tracks the Dow Jones Islamic Market Titans 100 index. The launch of the note is part of Adib’s growing wealth manag

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Emaar looks to raise $1.58bn from malls unit IPO

Dubai's Emaar Properties is seeking to raise as much as Dh5.8 billion ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008. Emaar, the emirate's largest real estate developer,

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Qatar launches ME's biggest business incubator

Qatar Development Bank and Social Development Center have officially announced the launch of the region's largest business incubator. The Qatar Business Incubation Center (QBIC), a project worth over QR100 million ($27.4 million) will operate under the patronage of Sheikh Abd

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Bahrain GDP grows 5.6pc in Q2

Bahrain's economic growth has risen during the second quarter of this year by 5.6 per cent at constant prices and 7 per cent at current prices compared to the same quarter of 2013, a top government official said. "Bahraini economy had posted reasonable level of growth despite

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BIBF extends deadline for programme

Bahrain Institute of Banking and Finance (BIBF) has announced that the registration deadline for the International Foundation Programme has been extended until the end of this month. It comes as a result of the recent confirmation by the National Recognition Information Centre (U

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