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NBB registers record profit of $142m, up 4pc

National Bank of Bahrain (NBB) has reported a four per cent rise in net profit to BD53.44 million ($142.12 million) for last year, compared with BD51.36 million in 2013. The profit figure is the highest ever achieved by the bank,

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Oil prices to stabilise in Q2 this year: experts

Oil prices are set to climb higher in the second quarter of the year, because the excess oil would have been consumed and global balance between supply and demand would be stabilised, according to experts. The petrochemical sector

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Iraq's oil exports rising in October despite unrest

Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of supplies from Opec's second-largest producer.

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Iraq's oil exports rising in October despite unrest

Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of supplies from Opec's second-largest producer.

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Gold retreats from 4-week high as dollar rises, oil slides

Gold retreated from an earlier four-week high on Tuesday, losing momentum as lacklustre euro zone data hurt the euro versus the dollar, though fears over global growth limited losses. Deepening worries over the health of the globa

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Tamkeen shifts focus to high quality programmes

A new strategic focus will see Bahrain’s labour fund Tamkeen deliver support programmes driven by quality and not quantity, the authority's top official has said. Chairman and acting chief executive Shaikh Mohammed bin E

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Sharp rise in divorce rates in Bahrain

Divorce rates in Bahrain were higher last year than at anytime in the past five years, according to the latest figures. The Justice, Islamic Affairs and Endowments Ministry statistics, revealed by lawyer Huda Al Shaer, show that f

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Bahrain ranks high in global competitiveness

Bahrain is ranked the 44th most competitive nation globally, according to the World Economic Forum's 2014-15 Global Competitiveness Report. Switzerland has topped the Global Competitiveness Index again this year, keeping its f

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Qatar’s real estate prices hit new high

The real estate market in Qatar continues to soar with average prices for land, commercial and residential properties in June standing at 20 per cent above their peak in September 2008. The data provided by the Real Estate Price I

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Daman Funds pays record high dividend

Daman Investments, a UAE-based regional investment management company, has paid a record high dividend for the second quarter of the year. Daman Funds have upheld their longstanding reputation as the leading dividend-yielding fund

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