Saturday 3 December 2016
 
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Bahrain bank

Bahrain bank Ibdar buys $78m US prime property

Bahrain-based wholesale Islamic investment bank, Ibdar Bank, has announced the successful acquisition of a $78-million multi-family housing property at Montgomery county in Maryland, US, the sixth wealthiest county in Washington DC.

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Bahrain bank Ibdar buys $78m US prime property

Bahrain-based wholesale Islamic investment bank, Ibdar Bank, has announced the successful acquisition of a $78-million multi-family housing property at Montgomery county in Maryland, US, the sixth wealthiest county in Washington DC.

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Al Baraka unit to merge with Pakistan bank

Bahrain-based Al Baraka Banking Group, one of the Gulf's top Islamic banks, said its Pakistani unit would merge with Pakistan's Burj Bank to create an institution with assets totalling more than $1.1 billion. The merger, w

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Bahraini lender Ibdar names new board

Bahrain-based Islamic investment bank Ibdar has appointed a new board of directors with Tareq Sadeq, a member of Ahli United Bank Kuwait board and managing director of Keystone Consulting, as its chairman and Abdulkarim Ahmed Bucheery, the ex-CE

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Al Baraka Q1 net income surges to $38m

Al Baraka Banking Group (ABG), a Bahrain-based leading Islamic bank, announced it achieved 16 per cent increase in total operating income and 13 per cent increase in net profits before tax and provisions during the first quarter the year, report

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Bahrain bank Ibdar seals UK property deal

Bahrain-based Ibdar Bank said it has made a £8 million ($11.4 million) investment in a prime new residential project, Angel Gardens, to be developed in Manchester’s city centre, UK. Angel Gardens, consisting of residen

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Alkhair wins key ruling against ex-CEO

The Bahrain Chamber of Dispute Resolution (BCDR) has issued a verdict in favour of Bank Alkahir against its former chief executive officer  Majed Al-Refai and has also asked him to repay a $2 million loan he had taken during his tenure in

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Cluttons advises Seera on UK project deal

Cluttons Capital Partners (CCP) has successfully advised Bahrain-based Seera Investment Bank in a structured financing transaction for a high-quality student accommodation scheme located in Aldgate, UK, and within Zone 1, a report said.

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BMI offers fresh range of loans

BMI Bank, a leading Bahraini retail and commercial banking institution, has announced the launch of a new range of loans. The bank is offering eligible customers the opportunity to receive the highest loan amount in the market at

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Elaf completes Malaysia funding facility

Bahrain's Elaf Bank said it has concluded an funding facility for Malaysian company Serba Dinamik to help finance a five-year contract awarded by Petronas Carigali. Serba is a major provider of integrated and specialised engineering a

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