Saturday 29 August 2015
 
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BMI

Seychelles Bank to become Sharia-compliant

Seychelles-based BMI Offshore Bank (BMIO), of which BMI Bank Bahrain owns 50 per cent, plans to convert into a Sharia-compliant bank. This follows a visit to Seychelles by a delegation from BMI Bank, a subsidiary of Al Salam Bank-Bahrai

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BMI Offshore bank turns sharia-compliant

Seychelles-based BMI Offshore Bank (BMIO), partly owned by BMI Bank Bahrain, is being converted into a sharia-compliant bank, it has emerged. This follows a visit to Seychelles by a delegation from BMI Bank, a subsidiary of Al Salam Bank-Bahra

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Bahrain construction sector to grow at 3.6pc

Real growth in Bahrain’s construction industry is on track to average 3.6 per cent up to 2018, buoyed by government investment in infrastructure and social housing, a report said. This is an improved outlook on a year ago, a

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Al Salaam Bank offers bigger rewards for Ayadi savings

Al Salam Bank - Bahrain has launched new opportunities for 2015 Ayadi Savings scheme, with bigger rewards for customers to win every month. Following the business combination with BMI Bank, a subsidiary of Al Salam Bank-Bahrain, the Aya

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Fat to blame for half a million cancers a year: WHO

Some half a million cases of cancer a year are due to people being overweight or obese, the World Health Organization's cancer research agency said on Wednesday. In a study published in the journal The Lancet Oncology, the WHO

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Fat to blame for half a million cancers a year: WHO

Some half a million cases of cancer a year are due to people being overweight or obese, the World Health Organization's cancer research agency said on Wednesday. In a study published in the journal The Lancet Oncology, the WHO

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BMI Bank posts $15m in losses

BMI Bank, a subsidiary of Al Salam Bank – Bahrain, has posted a loss after provisions of BD5.7 million($15 million) for the first nine months of the year as compared to a net profit of BD88,000 during the same period last year.

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BMI Bank's business 'is robust and profitable'

BMI Bank chief executive Jamal Al Hazeem has reiterated the bank continues to have a robust and profitable core business. "We continue to maintain an excellent capital adequacy ratio of over 15 per cent with very strong liquidity,&

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Tamkeen-BMI Bank extend key scheme

Bahrain's labour fund Tamkeen and BMI Bank, a subsidiary of Al Salam Bank Bahrain, have announced an extension of their partnership providing sharia-compliant financing to local enterprises.   This marks the

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BMI Bank names new chairman

BMI Bank, a subsidiary of Al Salam Bank – Bahrain, has appointed Salah Saleh Asheer, a senior and experienced Bahraini banker, as its new chairman. Announcing the key appointments, the Bahraini lender said its newly-appointe

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