Friday 28 November 2014
 
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Al Baraka’s Egypt unit posts 41pc income rise

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has posted a 41 per cent increase in net income for the first nine months of the year to $24 million. The total assets also increased by 15 per cen

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Al Baraka Group's net income rises to $207m

Bahrain-based Al Baraka Banking Group (ABG) has achieved a net income of $207 million in the first nine months of this year, an increase of five per cent on the net income achieved in the same period last year. Total assets increa

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Red Sea Housing net income up 16pc

Saudi Arabia-based Red Sea Housing Services Company (RSH) has registered a 16.6 per cent growth in its net income for the nine-month period which hit SR127.4 million ($34 million) compared to SR109.3 ($29 million) last year. With

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GIB’s net income drops to $72.7m

Gulf International Bank (GIB) has reported consolidated net income after tax of $72.7 million for the nine months ended September 30 this year, compared with $101.5 million in the prior year period. The prior year income included

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Saudi British Bank Q3 net profit rises 25.2pc

Saudi British Bank (SABB) , the kingdom's fifth-largest listed lender by assets, posted a 25.2 per cent rise in third-quarter net profit on Thursday, in line with analysts' forecasts as operating income increased. The bank

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Bahrain businesses vow day's income for Gazans

Business across Bahrain have pledged to donate a day's revenue as part of a humanitarian campaign to raise funds for the besieged population of Gaza. Private clinics and health centres make up the majority of participants - wi

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Bahrain Duty Free posts 12pc decline in profit

Bahrain Duty Free Shop Complex has reported a 12.7 per cent decline in net profit at $4.4 million for the second quarter ended June 30, when compared with the figure for the same quarter last year. This is due to reduced income from one

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Top UN human development rank for Bahrain

Bahrain has been ranked in the top 25 per cent of countries around the world in a United Nations (UN) report documenting health, education and income.   The country was place

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Gulf International bank income hits $50.2m

Gulf International Bank (GIB) has reported consolidated net income after tax of $50.2 million for the six months ended June 30 this year, compared with $60.6 million in the prior year period.

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Alba posts net income of $86m in H1

Alba's total sales for the first six months of this year were BD376.4 million ($1.001 billion) versus $1.018 billion in the corresponding period last year, on the back of higher premium partially offset by lo

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