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Venture Capital swings to H1 profit of $13mThe Bahrain-based regional Islamic investment bank Venture Capital Bank is back in the black with a net profit of $13 million in the first-half, building on its already successful first-quarter net profit of $8 million. The bank h More… |
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Venture Capital Q1 net profit $8mBahrain-based regional Islamic investment bank, Venture Capital Bank (VCBank), has reported a net profit of $8 million for the quarter ended March 31, 2012, compared with a loss of $2.9 million for the corresponding period in 2011. The ban More… |
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Kuwaiti firm inks project management JVKuwait-based venture capital and acquisitions firm Khatif Holding said its subsidiary Ashabakat Technical Networks for Computer has signed a partnership deal with Promastar to offer competitive advantage with project management solutions. More… |
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New guide launched for Mena VC dealsThe Mena Private Equity Association has launched a legal guide designed to give entrepreneurs a practical understanding of the basic terms involved in a venture capital (VC) transaction. The VC legal documentation guide focuses on issues s More… |
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Bahrain banks buy Turkish juice companyBahraini banks Venture Capital and Bank Alkhair (formerly Unicorn Investment Bank) have joined hands to acquire 65 per cent of Goknur Foods Import Export Trading and Production Company, a key producer of fruit juice concentrate and More… |
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Bahrain banks buy Turkish juice companyBahraini banks Venture Capital and Bank Alkhair (formerly Unicorn Investment Bank) have joined hands to acquire 65 per cent of Goknur Foods Import Export Trading and Production Company, a key producer of fruit juice concentrate and More… |
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Saudi Telecom sets up $50m fundThe Saudi Telecom Group has established an investment fund to enrich innovation and creativity in Information and Technology with an initial capital of $50 million. The venture capital fund will specialise in start ups and small, and mediu More… |
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Sabic sees moderate 2012 growthSaudi Basic Industries' (Sabic) venture capital arm is looking at acquisitions of up to $100 million for the new business, its chief executive said on Thursday, and has already made a few purchases in Europe and the US. Mohammed Al-M More… |
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Sabic creates new venture capital armSaudi Basic Industries Corporation (Sabic) has launched a new global corporate venture capital arm, Sabic Ventures, in the Netherlands. The venture will seek out innovative technologies and businesses consistent with the company’s global s More… |
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Venture Capital's hospital project on trackBahrain-based Venture Capital Bank said its ambitious new hospital project to be built in a strategic and exclusive location in the Southern Governorate was on track. The Royal Maternity Hospital, designed to British standards, will provid More… |
