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Consumer spend in Islamic economy sectors hits $2.2trnMuslims spent $2.2 trillion in 2018 across the food, pharmaceutical and lifestyle sectors that are impacted by Islamic faith-inspired ethical consumption needs, said the State of the Global Islamic Economy Report (SGIE) 2019/20. Launched by Dubai Islamic Economy Development Centr More… |
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Ithmaar Bank reports increase in profitIthmaar Bank, a Bahrain-based Islamic retail bank, announced today increased profits for the nine-month period ending September 30 this year as the bank continues its focus on customer-centric growth. The announcement, by Ithmaar Bank chairman Prince Amr Al Fa More… |
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Investcorp to host Investors Conference in BahrainInvestcorp, a leading global provider and manager of alternative investment products, will hold its 2019 Investors Conference in Bahrain on November 13 and 14, with over 250 investors attending from the GCC. The conference will explore the shape and dept More… |
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Bupa Arabia Signs Cooperation Agreement with Saudi BIACBupa Arabia, the leading cooperative health insurance company, has signed an agreement with Business Incubators and Accelerators Company (BIAC), a subsidiary of Saudi Technology Development and Investment Company (Taqnia), to strengthen cooperation opportunities between the two companies and More… |
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ADIB Q3 net profit up 5.2pc to $168.8mAbu Dhabi Islamic Bank (ADIB) has reported net profit of Dh620 million ($168.8 million) for the third quarter (Q3) of the year, marking a 5.2 per cent increase compared to net profit of Dh589 million during Q3 2018 as revenues rose. This brought profits in the first nine months o More… |
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Thirty Bahrain exporters expand to 25 markets worldwideExport Bahrain, a key initiative of the national SME Development Board, said that it recorded exports valued at over $15.5 million with more than 30 exporters targeting markets around the world since its inception in November 2018. The 30 exporters made significant progress expan More… |
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Ithmaar Holding reports $5.86m net profit for Q3Bahrain-based Ithmaar Holding has reported a net profit of $5.86 million for the three-month period ended September 30 (Q3), compared to the net profit of $0.51 million reported for the same period in 2018. The company reported a net profit of $3.68 million attributable to equity More… |
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Aldar unit lists $500m sukuk on Abu Dhabi exchangeAldar Investment Properties, a subsidiary of leading UAE developer Aldar Properties, today (November 07) successfully listed its $500 million sukuk (Islamic bond) on the Abu Dhabi Securities Exchange (ADX). In a statement posted on the Abu Dhabi Securities Exc More… |
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Investcorp, China groups launch food sector PE ventureBahrain-based Investcorp, a leader in alternative investments, China Resources, a global distributor of food brands and Fung Strategic Holdings, a member of Fung Investments, have launched the first-ever private equity platform dedicated solely to investing in food brands in Asia, specifically More… |
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Bank ABC posts 9-month net profit of $161mBahrain-based Bank ABC (Arab Banking Corporation) has posted a net profit of $161 million on a headline basis for the first nine months of the year, an increase of 1 per cent compared to $159 million reported for the same period last year. The period was marked with persisting tr More… |
