Sunday 19 February 2017
 
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Commodity markets 'set for uncertainty'

The global commodity markets will experience this year uncertainty and volatility that is unprecedented, commodity experts speaking at a major conference in Dubai felt. Renowned commodity experts from across the world gathered yesterday (February 12) for the Fourth Global Commodi

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Emirates Islamic posts $26.86m profit

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, posted a net profit of Dh106 million ($28.86 million) for 2016. Total Income for 2016 (net of customers’ share of profit and distribution to sukuk holders) grew by 3 per cent to Dh2.5 billion du

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BisB reports net gains of $21.6m in 2016

Bahrain Islamic Bank (BisB) announced it has realised a net profit of BD8.4 million($21.6 million) for 2016 ended December, reported the Gulf Daily News, our sister publication. To read further, please visit

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Inovest swings to $10.1m net profit

Inovest Group, a Bahrain-based Sharia-compliant investment firm, has swung to a consolidated net profit of $10.1 million for 2016 ended December 31 from a net loss of $48.1million in 2015, reported the Gulf Daily News, our sister publication. To read further, please visi

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Global economic activity to pick up this year: IMF

After many years of feeble growth, the International Monetary Fund (IMF) is expecting global economic activity to pick up this year and next, and across both the advanced and emerging economies, said Christine Lagarde, IMF managing director. “However, this does not mean we

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Eazy to launch region’s first biometric payment network

Eazy Financial Services, a Bahraini Fintech company focusing on providing technologies and innovative solutions to the financial sector, is gearing up to launch the region’s first biometric payment network in Bahrain. Featuring an integrated fingerprint solution as an alternative

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Adnic swings to strong profit

Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, reported a net profit of Dh205 million ($55.81 million) for 2016, a significant turnaround back into strong profit. The company had reported a net lo

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Mastercard, Swipezoom to automate invoicing, payments

Mastercard, and Swipezoom, a technology company in the b2b and b2c sectors, have launched a cloud-based invoicing and payment solution that streamlines traditional Accounts Payable (AP) processes. Mastercard, and Swipezoom, a technology company in the b2b and b2c sectors, have la

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DWC hosts Innovation in Trade Forum

Dubai Wholesale City (DHC), the global integrated wholesale trading hub and member of Tecom Group, recently hosted an exclusive Innovation in Trade forum at its headquarters in Dubai Studio City, UAE. The event convened experts to discuss latest advances and trends in the wholesa

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Leading experts to speak at GCC Financial Forum

Euromoney Conferences and the Bahrain Economic Development Board (EDB) has announced a stellar line-up of leading international and regional industry experts to speak at the sixth annual GCC Financial Forum in Bahrain. More than 600 high-level delegates will participate and discu

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