Saturday 28 February 2015
 
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Suicide bomb targets Somali officials in hotel, atleast 6 killed

A car bomber rammed the gate of a hotel in the centre of the Somali capital on Friday where some ministers and lawmakers had gathered, and a suicide attacker then blew himself up inside the compound, police officers said. Ambulanc

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GFH completes capital increase programme

Gulf Finance House (GFH) said in a statement today that it has completed its capital increase programme aimed towards projects developments and acquisitions. The programme was approved by the extraordinary general assembly on Apri

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Oasis Capital reports net income of $13.2m

Oasis Capital, a Bahrain-based investment firm, has reported net income of $13.2 million for last year. The company said it was a significant increase over $400,000 in the prior year, reported the Gulf Daily News (GDN), o

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Bank Dhofar working on plans to raise capital

Oman's Bank Dhofar is working with National Bank of Abu Dhabi and Standard Chartered as it studies options for raising its reserves including selling a capital-boosting bond, banking sources told Reuters on Tuesday. The sultan

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Capital gains help double Jordan Ahli Bank's profits

Jordan Ahli Bank boosted net profit by 113 per cent to 34 million dinars ($48 million) last year due to capital gains from divesting its Lebanese subsidiary to a Lebanese bank, bank officials said. Net operating income, including

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ADIB eyes capital boost after Q4 profit growth

Abu Dhabi Islamic Bank said on Sunday it planned to boost its capital base to help support future growth, after setting aside less cash for bad loans helped it post a 19.3 per cent rise in fourth-quarter net profit. Banks in the U

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Saudi British Bank eyes $4bn capital boost

The board of Saudi British Bank, an affiliate of HSBC Holdings, has recommended boosting the bank's capital by 50 per cent to SR15 billion ($4 billion) through an issue of bonus shares, it said on Wednesday. One bonus share wo

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NCB Capital wins best ‘Research House’ award

NCB Capital, a leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has been named the best overall ‘Research House’ in the annual Euromoney Middle East Equity Research awards for

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Zain Saudi proposes capital reduction to shareholders

Zain Saudi, a Saudi Arabian telecommunication operator, has proposed a capital reduction to shareholders to eliminate all accumulated losses up to September 30, the company said in a statement on the kingdom's bourse. The move

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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