Sunday 2 August 2015
 
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BisB posts 105pc rise in net income to $21m

Bahrain Islamic Bank (BisB) has posted an increase of 105 per cent in net income for the first six months of the year at BD8.2 million ($21.75 million), compared with BD4 million for the same period last year,  said a report in the Gulf

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GIB H1 posts $47m profit

Gulf International Bank (GIB) reported a consolidated net income after tax of $47.3 million for the six months ended June 30, 2015, compared to $50.2 million in the prior year period. Prior year income included an exceptional, one

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Burgan Bank H1 income up 12.3pc to $122m

Kuwait’s Burgan Bank Group has reported net income of KD37.4 million ($122.6 million)for the first half (H1) of the year reflecting a 12.3 per cent growth from the same period in 2014. Operating income climbed to reach KD144

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Bank ABC Islamic profits jump 47pc

Bank ABC Islamic today reported a net profit of $10.9 million for the first half of 2015, a 47 per cent increase over $7.5 million reported in the first half of 2014. Total operating income rose to $14.5 million, compared to $10.7

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Income disclosure law challenged in Bahrain

A law that obliges senior government officials and public representatives in Bahrain to declare their finances, as well as those of their spouses and children, is being contested by the Shura Council. Members voted unanimously yes

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Al Baraka Egypt income surges 21pc

Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group (ABG) and its investment arm in Egypt, announced that net income jumped by 21 per cent in first quarter of this year, compared with the same period last year.

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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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Strong demand for GCC bonds despite low oil prices

GCC bonds could see further yield spread compression in the coming months, despite low oil prices, as global investors hunt for yield and a spate of redemptions frees up cash for reinvestment in the market, according to an expert.

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Strong demand for GCC bonds despite low oil prices

GCC bonds could see further yield spread compression in the coming months, despite low oil prices, as global investors hunt for yield and a spate of redemptions frees up cash for reinvestment in the market, according to an expert.

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ABC Islamic Bank profit up 23pc to 15m

ABC Islamic Bank has posted a net profit of $15.1 million last year, a 23 per cent increase as compared to $12.2 million recorded in 2013. The net profit for the fourth quarter was $3.6 million, 19 per cent higher than the same pe

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