Sunday 23 November 2014
 
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Bank

Gatehouse Bank closes offshore real estate deal

Gatehouse Bank, a London-based investment bank specialising in sharia-compliant products and services, has announced the closure of its first offshore real estate financing in St Helier, Jersey. The bank provided £10 million

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Gatehouse Bank closes offshore real estate deal

Gatehouse Bank, a London-based investment bank specialising in sharia-compliant products and services, has announced the closure of its first offshore real estate financing in St Helier, Jersey. The bank provided £10 million

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AUB named ‘Private Bank of the Year - Bahrain’

Bahrain-based Ahli United Bank (AUB) has been recognised as the "Private Bank of the Year - Bahrain" at the Global Private Banking Awards 2014. The awards are a joint initiative by The Banker and Professional Wealth Mana

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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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Bank robbed by armed men in Bahrain

Armed robbers fled with thousands of dinars from Ahli United Bank in Bahrain yesterday (November 16), 17 hours after a money exchange company was targeted in a hold-up during which a security guard was shot three times. The uniden

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Khaleeji Commercial posts $5.8m net profit

Khaleeji Commercial Bank (KHCB), a leading Islamic retail bank in Bahrain, has recorded a net profit of BD2.21 million ($5.8 million)  for the first nine months of the year, as compared to a net loss of BD30,000 for the same period last yea

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Thugs torch petrol pump and bank in Bahrain

A second petrol station has been targeted by arsonists in the space of three weeks, while a bank also had its main entrance torched yesterday (November 13). Masked youths set petrol pumps alight at a fuel station owned by Jawad Bu

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BMI Bank posts $15m in losses

BMI Bank, a subsidiary of Al Salam Bank – Bahrain, has posted a loss after provisions of BD5.7 million($15 million) for the first nine months of the year as compared to a net profit of BD88,000 during the same period last year.

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Alubaf posts 21pc increase in net profit to to $35.9m

Alubaf Arab International Bank reported a net profit growth of 21 per cent at $35.9 million for the first nine months of the year, compared with $29.6 million in the same period last year. Net profit for the third quarter surged to $12.

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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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