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ABG, GCC Food & Beverage vow responsible marketingThe Advertising Business Group (ABG) and the GCC Food & Beverage (FBA) members have signed a memorandum of understanding (MoU) and committed to working together towards making the “Responsible Marketing to Children” Pledge into a More… |
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Al Baraka posts $116m net incomeBahrain-based Islamic banking group, Al Baraka (ABG) has posted a net income of $116m during the first nine months of the year, reported the Gulf Daily News, our sister publication. To read further, please visit More… |
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Al Baraka’s Sudan unit gets ratings boostBahrain-based Islamic International Rating Agency (IIRA) has assigned national scale investment grade credit ratings of A- to Al Baraka Bank Sudan (ABBS), an Al Baraka Banking Group (ABG) majority-owned subsidiary in Sudan. More… |
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ABG, Venture Capital top key Islamic banks listBahrain’s Al Baraka Banking Group (ABG) and Venture Capital Bank lead the GCC Islamic Financial Disclosure Index Rankings, it has emerged. The conveners of the 22nd annual World Islamic Banking Conf More… |
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Al Baraka sponsors Islamic finance programmeAl Baraka Banking Group (ABG) and a number of its banking units signed an agreement to sponsor the prime Musharaka Islamic finance programme, which is aired by CNBC Arabia on Thursday and re-broadcast on Saturday. Musharaka is CNB More… |
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Al Baraka unit reports 21pc increase in net profitAl 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 More… |
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Key international ratings boost for Al BarakaDagong Global Credit Rating Company and Islamic International Rating Agency (IIRA) have jointly assessed the international scale credit rating of Al Baraka Banking Group (ABG) at 'BBB+/A3' (Triple B Plus / A Three). In add More… |
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Al Baraka Egypt 2011 income jumps 54pcAl Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group (ABG), has announced that it had achieved a 54 per cent increase in net operating income in 2011. Total assets also increased by 9 per cent, financing and investmen More… |
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Al Baraka Banking Group profit up 3pc to $95mBahrain-based Al Baraka Banking Group (ABG) has witnessed moderate growth during the first half of this year with the group net income increasing 3pc to reach $95 million. Total assets grew by three per cent, finance and investments by 2p More… |
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Al Baraka Egypt plans $617m expansionBahrain's Al Baraka Banking Group (ABG) said on Wednesday it had changed the name of Egyptian Saudi Finance Bank and will invest 3.4 billion Egyptian pounds ($617.5 million) to expand its operations. The Cairo-based Islamic bank, in which More… |
