Wednesday 20 August 2014
 
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GCC inflation rates up on higher housing prices

Inflation rates across GCC states ranged between 1.21 per cent and 3.1 per cent through June this year. The latest inflation figures issued by the Statistical Centre for the Co-operation Council for the Arab Countries of the Gulf

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Bahrain to increase visa fees from October

Visa fees are set to increase for everyone entering Bahrain from October, excluding labourers and domestic workers. This was announced by the Interior Ministry's General Directorate for Nationality, Passports and Residence Aff

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GFH's net profit soars 152pc to $10.6m

Bahrain-based Gulf Finance House (GFH), an Islamic investment bank, has posted a 152 per cent rise in consolidated net profit to $10.6 million for the first half ended June 30, compared with $4.2 million for the prior year period. The b

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ABC net profit surges 22pc to $137m

Bahrain-based Arab Banking Corporation (ABC) has reported a 22 per cent increase in consolidated net profit at $137 million for the first half of this year, compared with $112 million for the same period last year. The net profit for th

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Bahrain Islamic Bank net profit rises 67pc

Bahrain Islamic Bank (BisB) has realised an increase of 67 per cent in net profit at BD4 million ($10.6 million) for the first half of the current year when compared with BD2.4 million for the same period last year. This is after deduct

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Kuwait Food gains surge 8.7pc in Q2

Kuwait Food Company, which sells food products under the Americana brand name, reported an 8.7 per cet increase in second-quarter net profit. The company made a profit of KD12.80 million ($45.2 million) compared with KD11.78 milli

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Gulf Hotels net profit grows 28pc to $20m

Gulf Hotels Group (GHG) has reported 28.29 per cent rise in net profit at BD7.57 million ($20.05 million) for the first half ended June 30, compared with BD5.9 million in the same period last year. The group achieved an increase of BD1.

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Shipping firms in Bahrain ‘hit by port fees'

Shipping companies in Bahrain have claimed they were being forced to downsize because of increasing port fees. They said they were struggling to stay afloat because of the sector's continuous financial downturn combined with high ta

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Qatar spending up 13pc, slowest in 11 years

Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed o

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Gulf International bank income hits $50.2m

Gulf International Bank (GIB) has reported consolidated net income after tax of $50.2 million for the six months ended June 30 this year, compared with $60.6 million in the prior year period.

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