Friday 30 September 2016
 
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Al Baraka’s Sudan unit gets ratings boost

Bahrain-based Islamic International Rating Agency (IIRA) has assigned national scale investment grade credit ratings of A- to Al Baraka Bank Sudan (ABBS), an Al Baraka Banking Group (ABG) majority-owned subsidiary in Sudan.  

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ABG, Venture Capital top key Islamic banks list

Bahrain’s Al Baraka Banking Group (ABG) and Venture Capital Bank lead the GCC Islamic Financial Disclosure Index Rankings, it has emerged.    The conveners of the 22nd annual World Islamic Banking Conf

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Al Baraka sponsors Islamic finance programme

Al Baraka Banking Group (ABG) and a number of its banking units signed an agreement to sponsor the prime Musharaka Islamic finance programme, which is aired by CNBC Arabia on Thursday and re-broadcast on Saturday. Musharaka is CNB

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Al Baraka unit reports 21pc increase in net profit

Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group (ABG), reported an increase of 21 per cent in its net profit in the first nine months of this year compared to the same period of 2013. It als

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Key international ratings boost for Al Baraka

Dagong Global Credit Rating Company and Islamic International Rating Agency (IIRA) have jointly assessed the international scale credit rating of Al Baraka Banking Group (ABG) at 'BBB+/A3' (Triple B Plus / A Three). In add

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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

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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

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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

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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

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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

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