Thursday 17 April 2014
 
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QNB posts 13.7pc profit rise in Q1

Qatar National Bank, the largest lender in the Gulf region, has said its first-quarter net profit rose 13.7 per cent.   The bank reported a net profit of QR2.4 billion ($659.1 million) for the first three months

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Unrest trauma on rise in Bahrain

An increasing number of Bahrainis and expatriates are still seeking help for anxiety - three years after unrest erupted in the country, according to a senior consultant psychiatrist.   Anger, fear and a "chr

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Air Arabia Q4 profit rises 12pc

Budget carrier Air Arabia reported a 12 per cent rise in fourth-quarter net profit on Monday on the back of increased passenger traffic. The Sharjah-based carrier made a net profit of Dh94 million ($25.6 million) in the fourth qua

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Poor expats in Bahrain hit by postal rates rise

Poor expatriates living in Bahrain have been hit hard by rising costs of postal charges, according to campaigners. Bahrain Post increased postage rates by up to 300 per cent last December, which has affected businesses, especially

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Bahrain private sector pension hike proposed

Retirees from Bahrain's private sector could receive an annual three per cent increase in their pensions if a parliamentary proposal is implemented. If approved by the Cabinet, it will bring them in line with government sector

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Gulf Bank 2013 net profit rises 4pc

Kuwait's Gulf Bank reported a four per cent rise in 2013 net profit on Tuesday and said it would pay a dividend of five per cent through an issue of bonus shares. Kuwait's fourth-largest lender by assets said full-year net

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Bahrain directs millions for pay rise

Bahrain's Premier has directed millions of dinars for pay rises and bonuses for government employees. Also, BD1,500 ($3,957) will be paid as extra bonus to staff with extraordinary achievements at national level like helping o

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Civil servants may get 20pc pay increase

Civil servants in Bahrain could get a 20 per cent pay rise after MPs unanimously approved a new bill yesterday (December 3). The proposed legislation was passed despite objections from Finance Minister Shaikh Ahmed bin Mohammed Al

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ADCB net profit jumps 47pc in Q3

Abu Dhabi Commercial Bank (ADCB) reported a 47 per cent rise in third-quarter net profit on Wednesday, beating analysts' expectations, because of an increase in net interest income and lower provisions. The bank posted a net p

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Almarai Q3 profit rises 5.7pc

Saudi Arabian dairy firm Almarai reported a 5.7 per cent rise in third-quarter net profit on Sunday, missing analysts' estimates despite what the company described as "the strong performance of core dairy and juice categories".

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