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Abu Dhabi free zone to offer key financial servicesAbu Dhabi said its planned financial free zone would offer a wide range of services, from banking to fund management and commodities trading, and would aim to fill a gap in financial markets' coverage of the global day. More… |
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Saudi edges up on banking stocksSaudi stocks close slightly higher. The main market index is up 0.54 percent to 7098,48 points, supported by banking shares. Al Rajhi Bank, the kingdom's largest listed lender, was up 1.16 per cent. Shares of he More… |
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Bahrain growth slows in Q4 as oil output stallsBahrain's economic growth slowed sharply in the final quarter of 2012 as growth in hydrocarbon output stalled and two years of social unrest weighed on the banking sector. The economy grew 3 More… |
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IMF calls for banking sector clean-upGlobal economic conditions remain subdued despite a rally in financial markets and policymakers need to act to address underlying risks, including dealing with damaged banks, a top IMF official said. International Monetary Fund More… |
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Bank Nizwa eyes 5pc of Oman banking marketOmani lender Bank Nizwa, the sultanate's first full-fledged Islamic bank, plans a steady expansion of its retail network with a view to capturing a 5 percent share of the total banking market, according to its chief executive. More… |
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Al Baraka Q4 net income up 24pcBahrain-based Islamic lender Al Baraka Banking Group recorded a 24-percent increase in fourth-quarter net income, the bank said on Wednesday, with business expansion and improved asset quality aiding profit growth. More… |
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Ahli United posts 11.8pc Q4 profit riseAhli United Bank, Bahrain's largest lender by market value, posted on Tuesday an 11.8 percent gain in its fourth-quarter net profit, boosted by an increase in net interest income. The bank m More… |
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Mode Bahrain offers mobile wallet solutionsMode Bahrain "Money On Demand" has developed its own Mobile Wallet and Mobile Banking solutions and services to allow bank customers to have access to various financial services through their Smartphones and regular p More… |
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Mode Bahrain offers mobile wallet solutionsMode Bahrain "Money On Demand" has developed its own Mobile Wallet and Mobile Banking solutions and services to allow bank customers to have access to various financial services through their Smartphones and regular p More… |
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Dubai to promote Islamic business sectorDubai is launching a drive to develop its Islamic business sector, aiming to attract fresh investment from the Middle East and south-east Asia, the emirate's ruler said on Wednesday. The gov More… |
