Thursday 28 May 2015
 
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New sheep stock to meet Ramadan demand surge

A consignment of 30,000 live sheep arrived in Bahrain yesterday (May 25) to meet an anticipated surge in demand during Ramadan, which starts next month. They will be examined and transported to the Bahrain Livestock Company (BLC)

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Record production lifts GPIC profit to $190m

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has posted a 2.25 per cent rise in net profit at $190.2 million for last year, compared with $186 million for 2013. The profit surge comes on the back of its highest combi

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Record production lifts GPIC profit to $190m

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has posted a 2.25 per cent rise in net profit at $190.2 million for last year, compared with $186 million for 2013. The profit surge comes on the back of its highest combi

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Al Baraka Egypt income surges 21pc

Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group (ABG) and its investment arm in Egypt, announced that net income jumped by 21 per cent in first quarter of this year, compared with the same period last year.

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Rolls-Royce sales surge 40pc in Bahrain

Sales of Rolls-Royce Motor Cars in Bahrain have risen by 40 per cent during the first quarter of the year, according to Euro Motors, the sole authorised dealership for the ultra-luxury motor car brand. A statement said the success

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Seef profit surges 27pc to $5.2m in Q1

Seef, previously known as Seef Properties, has reported a 27 per cent surge in net profit at BD1.99 million ($5.28 million) for the first three months of this year when compared with BD1.563 million in the same period last year. S

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Khaleeji Commercial gains surge 216pc to $4.4m

Khaleeji Commercial Bank (KHCB) said its net profit surged 216 per cent to BD1.67 million ($4.4 million) for the first quarter of this year, compared with BD529,000 in the same period last year. The Bahrain-based Islamic bank said

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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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