Wednesday 22 April 2015
 
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Customer deposits surge at Oman Islamic banks

Oman's two full-fledged Islamic banks have yet to post a profit but their customer deposits are surging, increasing pressure on authorities to develop sharia-compliant money market tools and make a long-awaited issue of Islamic bonds (sukuk)

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Strong oil lifts Gulf, Dubai property stocks surge

Oil's rally supported stock markets across the Gulf, while Dubai property stocks surged after the emirate's biggest listed real estate developer announced a bullish 2015 profit forecast. Brent crude hit 2015 highs above $6

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Experts warn of diseases surge in Gulf region

Experts have warned of a ‘phenomenal’ rise in infectious diseases set to hit the Gulf over the next decade. Under-diagnosed native infections, such as the recent Middle East Respiratory Syndrome coronavirus (Mers-CoV)

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GCC petrochemicals revenues hit $89bn

Petrochemicals revenues reached an all-time high last year in the Gulf Cooperation Council, hitting the $89.4-billion mark, according to a report. This was revealed in a new industry report by the Gulf Petrochemicals and Chemicals

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GCC petrochemicals revenues hit $89bn

Petrochemicals revenues reached an all-time high last year in the Gulf Cooperation Council, hitting the $89.4-billion mark, according to a report. This was revealed in a new industry report by the Gulf Petrochemicals and Chemicals

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Gulf Finance House net profit surges to $15.6m

Bahrain-based Islamic investment bank Gulf Finance House (GFH) has reported a net profit of $15.6 million for the first nine months of this year, compared with $1 million in the corresponding period last year. Total income was $12

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Bahrain real estate projects surge 70pc

Bahrain has witnessed a 60 to 70 per cent increase in real estate investment projects over the last year, an indication of a strong bounceback in the property sector, said Bahrain Real Estate Association chairman Nasser Al Ahli. H

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NBB's net profit surges 5.2pc to $112.1m

National Bank of Bahrain’s (NBB) net profit rose 5.2 per cent to BD42.16 million ($112.13 million) for the nine months ended September 30, compared with BD40.09 million for the corresponding period of the previous year. For

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BisB's net profit surges 74pc to $17m

Bahrain Islamic Bank's (BisB) net profit rose 74 per cent to BD6.6 million ($17.3 million) for the first nine months of this year, compared with BD3.8 million net profit in the same period last year. This was after deducting B

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Bahrain Bourse trading volumes surge on new initiatives

Bahrain Bourse (BHB) has seen 197 per cent increase in trading volumes and 104 per cent rise in values in the first half of the year when compared with the same period last year, a top official has said. “The increase was la

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