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2011

GCC GDP grows 28pc to hit $1.4trn in 2011

GCC's GDP grew 28 per cent to $1.4 trillion in 2011, said a senior Bahrain government official, adding that the GCC trade exchange with other countries reached $1.2 trillion in the same year. Industry and Commerce Minister Dr

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GCC GDP grows 28pc to hit $1.4trn in 2011

GCC's GDP grew 28 per cent to $1.4 trillion in 2011, said a senior Bahrain government official, adding that the GCC trade exchange with other countries reached $1.2 trillion in the same year. Industry and Commerce Minister Dr

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Alba on track to exceed 2011 production

Aluminium Bahrain (Alba) remains on target to exceed the 2011 production of 881,310 metric tonnes while at the same time focusing on future growth strategies, said the company’s chairman. Mahmood Hashim Al Kooheji also announced t

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Investments in region hit $496 billion 2011

Total foreign and domestic investments in Arab states rose in 2011 by 1.2 per cent to $496 billion from $490 billion in the previous year, a report said. Algeria, Qatar, Saudi Arabia and the UAE accounted for 63 per cent of the in

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Sukuk issuance hits record $85bn

Sukuk issuance in 2011 hit a record $85 billion, which was two-and-a-half times the pre-financial crisis record of $33 billion issued in 2007, said a top official. 'This huge increase indicates that the Islamic capital markets are back

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Viva Kuwait 2011 revenue hits $338m

Viva, Kuwait’s newest and a leading mobile telecom service provider, has posted an operating revenue of KD94 million ($338.6 million) for 2011. "We are proud of the tremendous success we have achieved over the past three years, during whic

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Alkhabeer 2011 net profit jumps 74pc

Alkhabeer Capital, a Saudi based asset management firm providing Sharia compliant investment services, has posted a net profit of SR19.1 million ($5.09 million) in 2011, marking a 74 per cent growth over the previous year. The group’s reve

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Citadel Capital narrows loss in 2011

Egyptian private equity firm Citadel Capital narrowed its net loss to EGP800.5 million ($132.39 million) in 2011, the stock exchange said on Thursday. The company had reported a consolidated net loss of EGP1.36 billion for 2010, the exchan

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Emirates Money asset book up 31pc in 2011

Emirates Money, a leading consumer finance company, has reported a 31 per cent year-on-year growth in its asset book for 2011, which crossed Dh1.1 billion ($299.4 million). The wholly owned subsidiary of the Emirates NBD Group also reporte

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DIFC Investments swings to profit in 2011

DIFC Investments, the investment arm of the company running Dubai's financial free zone, swung to a full-year profit in 2011, financial statements showed, and is close to a bank deal to refinance an upcoming Islamic bond maturity. The

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