Thursday 2 April 2015
 
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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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Gulf Hotels Group to spend $132m on expansion

A new expansion strategy will see Bahrain-based Gulf Hotels Group investing $132 million over the next few years to expand the existing hotel portfolio and establish a number of stand-alone restaurants, it has emerged. The group c

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Eros Group moves to new headquarters in Al Barsha

Eros Group, the official distributor of brands Samsung, Hitachi, TCL, Linksys and a leading player in consumer electronics, telecom, and allied multi-products in the Middle East, has moved into its headquarters in Al Barsha, Dubai, UAE.

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ADIB sheds light on investment trends at seminars

Abu Dhabi Islamic Bank’s (ADIB) Private Banking Group recently held a series of seminars for its high net worth customers in Abu Dhabi, Al Ain and Dubai, in line with its ongoing commitment to provide its customers with insights into regio

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Gulf Hotels Group posts $30m profit, up 7pc

Gulf Hotels Group (GHG) has reported a 7.24 per cent increase in net profit at BD11.28 million ($29.91 million) for last year. Chairman Farouk Almoayyed said the financial results indicate a considerable growth in business levels

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