Thursday 28 August 2014
 
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Janahi

Nonoo Exchange opens Riffa branch

Bahrain-based Nonoo Exchange Company (NEC) opened its 16th branch in East Riffa yesterday. The event was held under the patronage of Sheikh Abdulrahman bin Ali Al Khalifa, general director of land registration. The opening was att

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GFH profits hit $10 million

  Gulf Finance House (GFH) yesterday reported a net profit of $10.03 million for 2012 as compared to $0.38 million in 2011.   The bank attributed profitability in 2012 to income from profitable inve

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GFH unit acquires Adabank in Turkey

G Capital, a Dubai-based company and a subsidiary of Bahrain’s Gulf Finance House (GFH), has acquired Turkey’s Adabank for $75 million in partnership with Gürmen Group. Adabank is headquartered in Istanbul and was placed for sale by the Sa

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GFH posts $47.7 million H1 loss

Bahrain-based Gulf Finance House (GFH) has reduced its first half net loss by 50 per cent to $47.7 million compared to a net loss of $92.1 million for the same period in 2009.  Total revenue for the period was $25.9 million comp

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GFH chair Janahi quits Khaleeji board

Esam Janahi, chairman of troubled Bahraini investment house Gulf Finance House has resigned from the board of Khaleeji Commercial Bank, the bank said on Tuesday. GFH, one of Bahrain's investment houses badly hit by a regional property cras

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GFH chairman 'faces $125m lawsuit '

The chairman of Gulf Finance House, which is in talks to defer a debt payment, faces a $125 million lawsuit from a former business partner over a Qatar property project, the partner's lawyer said on Tuesday. The lawsuit against GFH chairma

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Water Garden City planned for Bahrain

A futuristic 'Water Garden City' is to be built on reclaimed land off Bahrain's coast. The development is expected to be spread over 2.2 million sq m. It will include residences, hotels, a beach park and marina, schools, plus commercial, l

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Bahrain's Naseej asked to postpone IPO

The planned Initial Public Offering (IPO) for Naseej, a fully integrated real estate and construction solutions provider, has been postponed on the instructions of the Central Bank of Bahrain (CBB). The CBB, the kingdom’s financi

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Janahi elected First Energy Bank chief

Gulf Finance House (GFH) chairman Esam Janahi was elected chairman of First Energy Bank at the new institution's first board meeting in Dubai. Designed to capitalise on the ever increasing demand for investment in the global energy indust

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