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Liquidity Management Centre profits up 18pc

Liquidity Management Centre (LMC) has announced an 18 per cent increase in the net profit at $4.22 million for last year when compared with $3.57 million for 2013. This resulted in a return on capital equivalent to approximately e

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NFH profit increases 20pc to $2.6m

National Finance House (NFH), a Bahraini incorporated finance provider, has reported 20 per cent increase in net profit at BD1.01 million ($2.67 million) for last year as against BD841,200 in 2013. The company's total operatin

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ABC Islamic Bank profit up 23pc to 15m

ABC Islamic Bank has posted a net profit of $15.1 million last year, a 23 per cent increase as compared to $12.2 million recorded in 2013. The net profit for the fourth quarter was $3.6 million, 19 per cent higher than the same pe

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BNH net profit surges 27pc to $10m

Bahrain National Holding Company (BNH) has reported a 27 per cent increase in consolidated net profit at BD3.8 million ($10.08 million) for last year when compared with BD3 million in 2013. BNH chairman Farouk Almoayyed said the g

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Demographic dividend 'to drive growth in Bahrain'

Bahrain's demographic profile and economic diversification push would help it tide over the oil price cycle, the Economic Development Board's (EDB) chief economist Dr Jarmo Kotilaine has said. The GCC has some of the stron

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Taqa Morocco doubles full-year profit

Moroccan power company Taqa Morocco, owned by Abu Dhabi National Energy Co, reported a net profit attributable to shareholders of  799 million Moroccan dirham ($83.6 million) in 2014, an increase of 102 per cent compared to the previous yea

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Alubaf Arab International profit rises to $41m

Alubaf Arab International Bank has reported 11.1 per cent increase in net profit at $40.7 million for last year when compared with $36.6 million for 2013. The bank said it had seen another year of "sequentially successful and

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Gulf Finance House swings to 2014 profit

Bahrain-based Gulf Finance House (GFH) has registered a consolidated net profit of $17 million for the fiscal year ended December 31, 2014 when compared to a net loss of $18 million the year before. Announcing the results, GFH sai

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Kipco net profit surges 15pc in 2014

Kuwait Projects Company (Kipco), the country's largest investment company, has registered a net profit of KD46.1 million ($157.4 million) for the year ended December 31, 2014, up 15 per cent over KD40.1 million ($137 million) the previous ye

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Gulf Hotels Group posts $30m profit, up 7pc

Gulf Hotels Group (GHG) has reported a 7.24 per cent increase in net profit at BD11.28 million ($29.91 million) for last year. Chairman Farouk Almoayyed said the financial results indicate a considerable growth in business levels

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