Wednesday 7 December 2016
 
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Earn Gulf Air Falconflyer miles with Al Salam Bank visa credit cards

Al Salam Bank-Bahrain has entered into a partnership with Bahrain national carrier Gulf Air, allowing the bank’s visa credit cardholders to earn miles on their everyday purchases that can directly be redeemed towards carrier's Falconfl

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Juma Al Majid launches top European brand

Dubai-based family-owned conglomerate Juma Al Majid Group is set to launch the security safes and bank security products from top European brand Wertheim in the UAE through its office equipment, storage and material handling solution division.

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Kotak set to open first overseas branch in Dubai

Kotak Mahindra Bank, India’s fourth largest private sector lender, said it has received the approval from Reserve Bank of India (RBI) to set up its first international branch in Dubai, UAE. The new unit will be set up at Dub

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Burgan Bank posts $56.87m Q3 profit

Kuwait-based Burgan Bank Group has reported a net income of KD17.2 million ($56.87 million) for the third quarter of this year. The net income for the first nine months of 2016 was KD48.6 million ($160.69 million). Earnings per share fo

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CBI posts 9-month net profit of $27.5m

Dubai-based Commercial Bank International (CBI) posted a net profit of Dh101 million ($27.50 million) for the nine-month period ended September 30 versus a net loss of Dh3.3 million for the same period in 2015.   Net profit f

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NBB 9-month profits up 6.6pc to $122.9m

Bahrain's NBB recorded a net profit of BD46.21 million ($122.90 million) for the nine months ended September 30, 2016 compared to BD43.36 million ($115.32 million) for same period last year, an increase of 6.6 per cent. For th

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Apicorp profits stay steady

The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, has reported a total profit of $55.1 million for the first half of 2016. The profit was marginally lower than the first half of 2015 ($56.5 mil

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Apicorp profits stay steady

The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, has reported a total profit of $55.1 million for the first half of 2016. The profit was marginally lower than the first half of 2015 ($56.5 mil

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Emirates NBD 9-month profit tops $1.4 billion

Emirates NBD, the UAE’s largest lender, has delivered a solid set of financial results with its net profit growing 8 per cent to Dh5.4 billion ($1.47 billion) for the first nine months of 2016. The operating performance was

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Saudi cbank asks banks to reschedule consumer loans

Saudi Arabia's central bank has asked local banks to reschedule consumer loans after the government cut bonuses and other financial perks for public sector workers, local media reported on Thursday. The cabinet announced this

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