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Eagle Hills Diyar inks deal with Al Baraka bankEagle Hills Diyar, the masterplanner of the iconic urban development Marassi Al Bahrain, said it has entered into a strategic partnership with Al Baraka Islamic Bank, one of the kingdom’s leading financial institutions in the Islamic banki More… |
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Al Baraka achieves $152m net income in 2016Bahrain-based Al Baraka Banking Group, a leading Islamic banking group has announced a seven per cent increase in total operating income and 9 per cent increase in net operating income during 2016 compared with 2015. Total operati More… |
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Al Baraka Q2 net profit edges up to $45mAl Baraka Banking Group, the Bahraini Islamic lender with operations in more than a dozen countries, posted a 2.3 per cent increase in second-quarter net profit, the bank said in a bourse filing on Sunday. The bank, which has oper More… |
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Al Baraka posts near-flat Q1 profitBahrain-based Al Baraka Banking Group reported near-flat first-quarter net profit on Sunday. The Islamic lender recorded a net attributable profit of $36.6 million in the three months to March 31, compared with $36.8 million in th More… |
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Al Baraka sees Algerian unit's assets growAl Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group (ABG), achieved good financial results, growth in businesses and expansion in branch network last year. The bank's assets grew by six per cent to rea More… |
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Al Baraka Bank Q2 net rises 11pc to $42 millionBahrain-based Islamic lender Al Baraka Banking Group said on Sunday that its net income for the second quarter totalled $42 million, up 11 percent from the prior-year period, mainly driven by higher revenues from core operations. More… |
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Nonoo Exchange opens Riffa branchBahrain-based Nonoo Exchange Company (NEC) opened its 16th branch in East Riffa yesterday. The event was held under the patronage of Sheikh Abdulrahman bin Ali Al Khalifa, general director of land registration. The opening was att More… |
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Al Baraka Bank plans major Africa pushBahrain-based Islamic lender Al Baraka Bank plans to expand its global footprint with a focus on Africa under a five-year plan that includes investments in Libya and Morocco, its chief executive told Reuters. The lender, which has More… |
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Al Baraka Turkish unit to issue $200m sukukBahraini lender Al Baraka Bank's Turkish subsidiary will go ahead with a $200 million Islamic bond issue in the first quarter, after delaying a sale last month due to pricing concerns, the bank's chief executive said. 'We will More… |
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Al Baraka Syrian unit plans expansionThe newly-opened Syrian unit of Al Baraka Bank aims to continue expanding, its chief executive said, despite an eight-month revolt that has mired Syria in violence and economic uncertainty. The unit of Bahrain-based Al Baraka bank became o More… |
