Thursday 11 February 2016
 
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Bank

VCBank announces 9.06pc dividends to shareholders

Bahrain-based Venture Capital Bank (VCBank) has announced dividends to its shareholders totalling 9.06 per cent for last year. In a statement, the bank said the dividends comprise effectively 2.52 per cent in cash and 6.54 per cent in bonus sh

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Oman to borrow $5bn-$10bn from abroad

Oman plans to borrow between $5 billion and $10 billion from abroad to help finance a budget deficit caused by low oil prices, central bank executive president Hamood Sangour al-Zadjali told Al Arabiya television on Monday. Zadjali said

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Al khaliji wins 'Banker Middle East' awards

Al Khaliji Commercial Bank (al khaliji) has earned four accolades from the 'Banker Middle East Qatar Product Awards 2015.'    It includes awards in the categories of 'Best Premium Banking Service

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Al Salam launches new savings plan

Al Salam Bank Bahrain has launched a new investment savings scheme called Danat Al Salam, which will be available to customers of both Al Salam Bank and BMI Bank. A statement said the savings scheme was the result of a new retail product devel

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Audi Bank net profit rises 15pc to $403m

Audi Bank, Lebanon's biggest lender by assets, posted a 15 per cent rise in 2015 net profit to $403 million from the previous year due to improved performance in key regional markets and earnings growth in its domestic operations, it said

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Egypt cbank keeps main interest rates unchanged

Egypt's central bank kept benchmark interest rates unchanged on Thursday, it said in a statement.   The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 per cent and the overnight lendi

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Saudi cbank net foreign assets drop 3.1pc

Net foreign assets at Saudi Arabia's central bank declined 3.1 per cent in December from the previous month to SR2.283 trillion ($609 billion), the central bank said on Thursday.   Assets dropped 15.9 per cen

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BisB secures best retail bank award

Bahrain Islamic Bank (BisB) has won the Best Islamic Retail Bank in Bahrain 2015 award given by London-based International Finance Magazine. The bank’s win for the second year in a row is “a recognition of the progress of its busin

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Al Rajhi Bank Q4 net profit rises 28.2pc

Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 28.2 percent rise in its fourth-quarter net profit on Thursday, beating analyst forecasts. The bank made SR1.95 billion ($519.6 million) in the three mo

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EDB hosts open day for emirati SME owners

Emirates Development Bank (EDB) held its first open day for local UAE business owners and entrepreneurs.    The event, which took place at the bank's headquarters in Abu Dhabi, attracted a number of exis

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