Tuesday 29 July 2014

Al Baraka Egypt 2011 income jumps 54pc

Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group (ABG), has announced that it had achieved a 54 per cent increase in net operating income in 2011. Total assets also increased by 9 per cent, financing and investmen


Al Baraka Banking Group profit up 3pc to $95m

Bahrain-based Al Baraka Banking Group (ABG) has witnessed moderate growth during the first half of this year with the group net income increasing 3pc to reach $95 million. Total assets grew by three per cent, finance and investments by 2p


Al Baraka Egypt plans $617m expansion

Bahrain's Al Baraka Banking Group (ABG) said on Wednesday it had changed the name of Egyptian Saudi Finance Bank and will invest 3.4 billion Egyptian pounds ($617.5 million) to expand its operations. The Cairo-based Islamic bank, in which


New identity for Al Baraka Group

Bahrain-based Al Baraka Banking Group (ABG) today launched its new unified corporate identity. The new logo was unveiled by Adnan Ahmed Yousif, president and chief executive, at a press conference in the Ritz Carlton Hotel. The gro


L-3 launches Mideast operations

US-based L-3 Communications (L-3), one of the world’s leading defence and aerospace companies, has launched of its operations in the Middle East. Its office, established in Abu Dhabi, will be dedicated to serving the needs of its partners


Albaraka unit operating income up 50pc

The Egyptian Saudi Finance Bank, a subsidiary of Albaraka Banking Group (ABG), said its gross operating income for the first half this year rose 50 per cent to reach $23.64 million. After deducting operating expenses, the net operating inc


Albaraka H1 net operating income up 81pc

Bahrain-based Albaraka Banking Group’s (ABG) net operating income in the first half of the year increased by 81 per cent to $174.96 million. ABG recorded a net operating income of $96.58m for the same period last year. This ri

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