Monday 27 April 2015
 
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Arab Bank Group posts net profit of $217.2m

Arab Bank Group has reported net profit after tax and provisions of $217.2 million for the first quarter as against $216.3 million in the previous year. Loans and advances increased by three per cent to $23.7 billion, compared wit

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Gulf Hotels Group posts $8m profit in Q1

Gulf Hotels Group has reported a slight decline in revenues for the first quarter this year, when compared with the same quarter last year. Total gross operating revenue was down by BD176,721 ($465,484) or 1.97 per cent to BD8.795

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New media drive to raise awareness on child abuse

A new media campaign to raise awareness about child abuse has been announced by Zain Group. It features videos on social media and print advertisements highlighting verbal, physical and sexual abuse and how it affects children, sa

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$100m Gulf hedge fund set for launch

The co-founder of privately-owned Kuwaiti oil firm Zahra Group is set to launch a new $100 million global equities hedge fund targeting ethical investments, the biggest Gulf launch for five years. The fund will invest using the pr

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Gulf Hotels signs key management deal with Asdal

Gulf Hotels Group has signed a management agreement with Asdal Hotel for the operation of a four-star deluxe property in Seef District, Bahrain. The hotel is currently under refurbishment and expected to be opened in September, sa

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Damiani backs business women’s congress in Bahrain

The Damiani Group, a leading international jeweller, is backing the 63rd World Congress of Femmes Chefs d’Entreprises Mondiales (FCEM), a major global event for businesswomen being held in Bahrain. The jewellery group, which is li

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Al Baraka shareholders approve 3pc cash dividend

The shareholders of Al Baraka Banking Group have approved cash dividend of three per cent or three cents per share and one bonus share for every 50 fully paid up shares. This follows a joint annual and extraordinary general meetin

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Savola cuts first-quarter profit forecast by half

Savola Group, Saudi Arabia's largest food products company, slashed its first-quarter net profit forecast by about half and blamed weak retail sales and currency losses. Savola, one of the few Gulf companies to publicly disclo

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Opec comes cleaner on how much oil its members pump

The Organization of the Petroleum Exporting Countries (Opec) members' own versions of their oil output were for years greeted with such skepticism that the group resorted to publishing what others thought they were producing.

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Zain in partnership deal with datamena

Zain Group has announced a new collaboration with datamena, a UAE-based carrier neutral data centre and connectivity platform serving the Middle East and Africa region. datamena is owned by Dubai-based operator du, said a report i

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