Friday 31 July 2015
 
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Khaleeji Commercial profit rises 177pc to $11m

Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic bank, has reported an increase of 177 per cent in net profit for the first half at BD4.4 million ($11.67 million), compared with BD1.6 million for the same period last year. The profit fig

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Ibdar earns 15pc returns on construction project sale

Ibdar Bank, a Bahrain-based Islamic wholesale investment bank, has earned returns of 15.95 per cent from the sale of a $30 million construction project, it announced yesterday. The bank said its exit from Sakan Development Company

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Bank Audi’s net profit rises 7pc to $202m

Lebanon's Bank Audi said first-half net profit rose seven per cent to $202 million compared with the same period last year, mostly due to higher revenue and it recorded healthy growth in its Egypt and Turkey operations. The ba

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Al Hilal Bank appoints new board

Al Hilal Bank has appointed a new board of directors under the chairmanship of Mohamed Abdullah Al Rumaithi. Mohamed Ali Al Dhaheri has been elected as the vice chairman to the board, said a statement. During Ahmed

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Greek banks reopen as Tsipras eyes return to normal

Greeks queued outside banks on Monday (July 20) as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of

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Bank ABC in $250m million loan facility deal

Bahrain-based Bank ABC said it has closed a $250 million syndicated term loan facility for Bank Sohar. The three-year facility was signed on July 14 and will be used by Bank Sohar for general funding purposes, said a report in the

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Emirates NBD Q2 profit rises 26pc

Emirates NBD (ENBD), Dubai's largest lender, posted a 26 per cent rise in second-quarter net profit on Wednesday, slightly missing analysts' forecasts. The lender, 55.6-per cent owned by state fund Investment Corp of Dubai

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Ithmaar launches shariah-compliant prepaid e-card

Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched a new sharia-compliant prepaid e-Card. A statement said the card is ‘designed to provide customers a faster, safer and more convenient online shopping experienc

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Oman Arab Bank to deploy new NCR software

Oman Arab Bank, a leading bank in the Sultanate, has selected NCR Aptra Activate software to deliver next generation omni-channel banking experience to its customers. The software from the leader in consumer transaction technologi

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Eskan Bank mandates Sico to list first REIT

The first Bahrain Bourse-listed real estate investment trust (REIT) has been announced by Eskan Bank with Securities & Investment Company (Sico) acting as lead arranger. A listed REIT is an investment vehicle that invests dire

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