Saturday 22 November 2014
 
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Al Baraka unit reports 21pc increase in net profit

Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group (ABG), reported an increase of 21 per cent in its net profit in the first nine months of this year compared to the same period of 2013. It als

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Sico’s net profit increases 110pc to $18m

Securities and Investment Company (Sico), licensed by the Central Bank of Bahrain as a conventional wholesale bank, has posted a net profit of BD6.85 million ($18 million) for the first nine months of the year, an increase of 110 per cent as com

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Gulf Finance House net profit surges to $15.6m

Bahrain-based Islamic investment bank Gulf Finance House (GFH) has reported a net profit of $15.6 million for the first nine months of this year, compared with $1 million in the corresponding period last year. Total income was $12

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BNH net profit soars 55pc to $9.5m

Bahrain National Holding Company (BNH) said its net profit increased 55 per cent to BD3.63 million ($9.5 million) for the nine-month period ended September 30 this year, compared with BD2.35 million for the same period last year.

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Al Baraka Group's net income rises to $207m

Bahrain-based Al Baraka Banking Group (ABG) has achieved a net income of $207 million in the first nine months of this year, an increase of five per cent on the net income achieved in the same period last year. Total assets increa

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Trust Re increases paid-up capital to $170m

Trust International Insurance and Reinsurance Company (Trust Re) has increased in its paid-up capital, from $140 million to $170 million, which reflects the doubling of its authorised capital to $200 million in June last year. The

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Iraqi Kurdistan oil exports rises to 300,000 bpd

Iraqi Kurdistan has increased its oil exports to almost 300,000 barrels per day, the semi-autonomous region's natural resource minister said on Thursday, adding he expected them to rise to around 500,000 bpd early next year. &

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Mena IPO value increase 10-fold to $1.7bn in Q3

The Middle East and North Africa (Mena) region’s initial public offering (IPO) value hit $1.7 billion in the third quarter of the year, a ten-fold increase from $150.7 million raised in the same period last year, according to a recent EY u

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ABC Islamic Bank posts 25pc profit rise

ABC Islamic Bank has posted a new profit of $11.4 million for the first nine months of the year, an increase of 25 per cent as compared to the same period last year. Its total operating income rose to $16.5 million, compared to $1

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Solutions for consistent concrete supply in GCC in focus

Several of the world’s largest construction and concrete companies will gather in Dubai this month to discuss solutions to ensure a consistent supply of the most-used building material – concrete.   With infrastru

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