Tuesday 5 May 2015
 
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Jordan Islamic Bank gains surge 9pc to $16m

Jordan Islamic Bank (JIB), a subsidiary of Bahrain-based Al Baraka Banking Group, has reported nine per cent growth in net profit at $16.08 million for the first quarter when compared with $14.67 million for the first quarter last year.

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Employee allowances and benefits rise across GCC

Budget allocation to employee allowances and benefits continues to rise across the Gulf states, according to the latest GCC Allowances and Benefits Survey conducted by Aon Hewitt, the global talent, retirement and health solutions business of Ao

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QInvest net profit increases 57pc to $7.4m

QInvest, a leading investment bank and Islamic financial institutions in Qatar, has reported a net profit of $7.48 million (QR27.21 million) for the three-month period ending March 31, an increase of 57 per cent. The firm posted r

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Dafza to increase Emiratisation rate by 80pc

The Dubai Airport Freezone Authority (Dafza) plans to increase the number of employees across all its sectors by 80 per cent in the next three years. Its plans have been boosted by its participation in the onging 15th edition of C

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Dafza to increase Emiratisation rate by 80pc

The Dubai Airport Freezone Authority (Dafza) plans to increase the number of employees across all its sectors by 80 per cent in the next three years. Its plans have been boosted by its participation in the onging 15th edition of C

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Adnic revenues increase 9pc to $715m

Abu Dhabi National Insurance Company (Adnic) has posted a revenue of DH2.63 billion ($715.8 million) for last year, an increase of nine per cent compared to the previous year. The firm, however, posted a net loss of Dh280 million

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IGIH posts $34m net profit, up 9.9pc

International General Insurance Holdings Limited (IGIH) has posts a net profit of $34.34 million for last year, a 9.9 per cent compared to $31.26 million in the previous year. The firm’s board has proposed dividends of $0.04

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ADCB posts $339m net profit for Q1, up 13pc

Abu Dhabi Commercial Bank (ADCB) has posted a net profit of Dh1.24 billion ($339.9 million) for the first quarter of the year, an increase of 13 per cent as compared to the same period last year. The banks operating incomes totall

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Doha Bank posts $115m net profit, up 5.2pc

Doha Bank has posted a net profit of QR420 million ($115.2 million) for the first quarter of the year, compared to QR399 million for the same period last year, an increase of 5.2 per cent. The bank’s net operating income inc

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Mashreq's gains surge 13pc as income increases

Mashreq, Dubai's third-biggest bank by assets, has posted a 13.2 per cent rise in first-quarter net profit as an increase in income from lending helped to offset a slight dip in returns from fees. It is the second bank in the

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