Thursday 27 November 2014
 
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Bahrain’s main hospital outpatient capacity increased

Bahrain’s main hospital has increased the outpatient capacity of its Accident and Emergency department by 400 per cent. The BD31,000 ($81,757) expansion at Salmaniya Medical Complex (SMC) was officially opened yesterday (Nov

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Al Baraka’s Egypt unit posts 41pc income rise

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has posted a 41 per cent increase in net income for the first nine months of the year to $24 million. The total assets also increased by 15 per cen

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M&A deal activity rises 17pc in Mena

Mergers and acquisitions deal activity in the Middle East and North Africa (Mena) region increased 17 per cent in the third quarter of the year, according to a recent report.
 
 EY's latest Mena Capital Confidence Barometer (CC

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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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