Saturday 27 December 2014
 
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NBAD Sukuk Income Fund delievers 2.33pc dividends

The National Bank of Abu Dhabi’s (NBAD) Sukuk Income Fund has earned a total income of $798,923, which is equivalent to 2.33 per cent of the net asset value (NAV), which includes the intended dividend pay-out of $0.12 per unit.  

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UAE, Hong Kong in deal to avoid double taxation on income

The UAE signed a deal for the avoidance of double taxation on income with Hong Kong, during a meeting between businessmen and commercial banks from both parties in Dubai, UAE. The agreement was signed by Obaid Humaid Al Tayer, Min

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Al Baraka Algeria posts 3.7pc income rise

Al Baraka Bank Algeria, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has announced that its net income for the first nine months of the year increased 3.7 per cent to $38 million when compared with the same period a year ago.

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Al Baraka’s Egypt unit posts 41pc income rise

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has posted a 41 per cent increase in net income for the first nine months of the year to $24 million. The total assets also increased by 15 per cen

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Al Baraka Group's net income rises to $207m

Bahrain-based Al Baraka Banking Group (ABG) has achieved a net income of $207 million in the first nine months of this year, an increase of five per cent on the net income achieved in the same period last year. Total assets increa

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Red Sea Housing net income up 16pc

Saudi Arabia-based Red Sea Housing Services Company (RSH) has registered a 16.6 per cent growth in its net income for the nine-month period which hit SR127.4 million ($34 million) compared to SR109.3 ($29 million) last year. With

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GIB’s net income drops to $72.7m

Gulf International Bank (GIB) has reported consolidated net income after tax of $72.7 million for the nine months ended September 30 this year, compared with $101.5 million in the prior year period. The prior year income included

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Saudi British Bank Q3 net profit rises 25.2pc

Saudi British Bank (SABB) , the kingdom's fifth-largest listed lender by assets, posted a 25.2 per cent rise in third-quarter net profit on Thursday, in line with analysts' forecasts as operating income increased. The bank

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Bahrain businesses vow day's income for Gazans

Business across Bahrain have pledged to donate a day's revenue as part of a humanitarian campaign to raise funds for the besieged population of Gaza. Private clinics and health centres make up the majority of participants - wi

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Bahrain Duty Free posts 12pc decline in profit

Bahrain Duty Free Shop Complex has reported a 12.7 per cent decline in net profit at $4.4 million for the second quarter ended June 30, when compared with the figure for the same quarter last year. This is due to reduced income from one

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