Sunday 26 April 2015
 
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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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Ithmaar Bank eyes return to profitability this year

Ithmaar Bank, a Bahrain-based Islamic retail bank, expects to return to profitability this year, chief executive Ahmed Abdul Rahim said yesterday (March 31). He said that efforts to turn the group around are paying off, as is evid

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Mubadala GE plans benchmark-size bond as soon as April

Mubadala GE Capital is considering a return to the bond market as early as April as it seeks cash to fuel its lending business, sources aware of the matter said on Thursday, joining a growing number of Gulf-based borrowers looking at new fundrai

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Equities 'set to deliver highest gains this year'

Equities are expected to have the highest total return this year in global and local markets, according to the CFA Institute's Middle East Market Sentiment Survey. Debt and Sharia-compliant issuances as well as mergers and acq

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Diplomats recalled from Qatar ‘could return’: minister

Diplomats from Bahrain, Saudi Arabia and the UAE who were recalled from Qatar in March could return 'at any time', according to Bahrain’s Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa. The three countries with

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Return on buildings in Saudi to rise sharply

The return on buildings as a proportion of GDP in Saudi Arabia is one of the lowest among major economies but should rise sharply in the years to 2022, according to an expert. Speaking at the recently concluded annual MEED Saudi M

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Indian worker stranded in Bahrain to fly home

An Indian worker who has not seen his family for 25 years is due to return home tomorrow (July 12).   Parasuram Hublikar came to Bahrain in 1976 to work as a garage mechanic, but was slapped with a travel ban in

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Bahrain Labour Ministry warns striking workers

Striking workers at a Riffa garment factory now face deportation if they do not return to work today (June 16) following an ultimatum issued by the Labour Ministry yesterday.   An estimated 2,000 workers at MRS F

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Kidnap victim returns to Bahrain

Dozens of relatives and friends gathered at Bahrain International Airport yesterday to welcome home Ali Ahmed Al Nashaba, the 20-year-old student who was kidnapped and held hostage in Malaysia for 18 days. He was showered with swe

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KFIC equity fund posts 20pc return

Kuwait Finance and Investment Company (KFIC) said its Al-Bashaer GCC equity fund has attained an annual return of 20.02 per cent. The company’s Al-Wasm fund marked an annual return of 7.91 per cent, said a statement.

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