Saturday 25 June 2016
 
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ABC

DGCX joins forces with Agricultural Bank of China

The Dubai Gold and Commodities Exchange (DGCX) has inked a pact with the Agricultural Bank of China (ABC)-DIFC Branch, a leading state-owned commercial bank in China.   The development further cements the strateg

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Bank ABC posts $19.7m net profit, up 31pc

Bank ABC Islamic has posted a net profit of $19.7 million for the last year, 31 per cent higher than last year’s net profit of $15.1 million.   The net profit for the fourth quarter of last year was $3.6 mi

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Bank ABC net profit down 30pc to $189m

Bank ABC (Arab Banking Corporation) has posted a net profit of $189 million for last year, 30 per cent lower compared to a profit of $256 million recorded the previous year.   The net profit for the fourth quarte

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Bionetix unveils new eco-friendly concentrates

Bionetix International, a Canadian manufacturer of microbial based bio-products owned by Cortec Corporation, has unveiled its new ABC line of environmentally safe, bio-based, natural concentrates.    ABC lin

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ABC Softwork wins Seven Seas Maritime contract

ABC Softwork, a leading Danish supply chain software company, has won a contract to manage the business analytics and software services of the Seven Seas Maritime Services Group.   It designed a unique software a

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ABC Softwork wins Seven Seas Maritime contract

ABC Softwork, a leading Danish supply chain software company, has won a contract to manage the business analytics and software services of the Seven Seas Maritime Services Group.   It designed a unique software a

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IIRA reaffirms ratings of Bank ABC Islamic

The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bank ABC Islamic at A+(bh) (Single A Plus)/A1(bh) (A One) on the national scale (long term and short term respectively), and A- (Single A Minus)/A2 (A Two) on the int

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ABC nine-month net profit drops

Arab Banking Corporation (ABC) has announced that its consolidated group net profit for the first nine months of 2015 was $144 million, 27 per cent lower compared to a profit of $197 million reported for the same period last year.

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Bank ABC closes $125m term loan facility

Bahrain-based Bank ABC has announced it successfully closed a $125 million syndicated term loan facility on behalf of UAE-based United Arab Bank. Bank ABC was acting as the initial mandated lead arranger and bookrunner and the facility agent,

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Turkish firm closes $106m loan facility

Turkey’s Yapı Kredi Leasing has closed a $106 million syndicated loan arranged by Bahrain-based Bank ABC and HSBC, it was announced yesterday. The two-year syndicated loan will be used by Yapi Kredi Leasing for general corporate and fina

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