Wednesday 10 February 2016
 
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BBK profit rises 6.2pc to $141m

Bank of Bahrain and Kuwait has reported 6.2 per cent rise in net profit at BD53.2 million ($141 million) for the year ended December 31 when compared with BD50.1 million for 2014, with earnings per share of 50 fils as against 47 fils earlier.

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Payouts for petrol price rise backed in Bahrain

An urgent proposal to compensate Bahrainis for higher petrol prices has been unanimously approved by parliament. It was tabled yesterday (February 2) by 22 MPs led by Mohammed Al Ahmed, after the government raised petrol prices at the pumps on

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Iraq's January oil exports rise slightly

Iraq's southern oil exports rose slightly in January to an average of 3.285 million barrels per day (bpd), from 3.215 million bpd the previous month, the oil ministry said on Monday.   Production from souther

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Complex medical procedures on the rise in GCC

Experts at a leading healthcare provider in Asia Apollo Hospitals stated that there has been an increase in robotic surgeries and several GCC patients are opting for these surgeries to be carried out in India.  

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Al Baraka Egypt profit surges 18pc

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Group (ABG), has reported an 18 per cent rise in net profit for last year at $35 million. A statement said total assets increased by 30 per cent, financing and investments portfolio

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Audi Bank net profit rises 15pc to $403m

Audi Bank, Lebanon's biggest lender by assets, posted a 15 per cent rise in 2015 net profit to $403 million from the previous year due to improved performance in key regional markets and earnings growth in its domestic operations, it said

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Bahrain’s businessmen call for price rise debate

Leading businessmen in Bahrain have called for a public consultation to discuss the impact of higher tariffs on petrol and electricity. They also warned of layoffs in the private sector as employers were pressured to increase salaries at a tim

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Oil rises 6pc but set for biggest January fall in 25 years

Oil rose by more than six per cent on Friday, as a cold snap boosted demand for heating oil across the United States and Europe, but was still mired near its lowest since 2003 and set for its largest drop in January in at least 25 years.

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Oil, global markets weigh on region but Saudi petchems rise

Most Middle Eastern bourses fell on Thursday as investors remained worried by the chronic weakness of oil prices and declines in international bourses, but Saudi Arabia's stock index edged up on the back of petrochemical shares.

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Oil, global markets weigh on region but Saudi petchems rise

Most Middle Eastern bourses fell on Thursday as investors remained worried by the chronic weakness of oil prices and declines in international bourses, but Saudi Arabia's stock index edged up on the back of petrochemical shares.

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