Business Weekly

Business Weekly




New Tamkeen accord

February 17 - 23, 2010
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As part of its programme to nurture leadership among Bahrainis, Tamkeen has signed a BD560,000 agreement with the Bahrain International Retail Dev ...

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New Tamkeen accord



BD8.2 million net profit for Futurebank

February 17 - 23, 2010
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Bahrain-based Futurebank has announced a net profit of BD8.2 million for 2009 (BD10.7 million in 2008). The bank's net profit for Q4 2009 stood at ...

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BD8.2 million net profit for Futurebank



Working together

February 17 - 23, 2010
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Al Zayani Investments has signed up a three-year partnership deal with Bahrain International Circuit (BIC) for an undisclosed sum.

Shaikh S ...

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Working together



Unicorn closes 5-year Sukuk successfully

February 17 - 23, 2010
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Unicorn Investment Bank, the Bahrain-based financial services group, announced the successful close of a $450 million 5-year Sukuk on behalf of Da ...

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Unicorn closes 5-year Sukuk successfully



Sakana posts rise in mortgage business

February 17 - 23, 2010
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Sakana Holistic Housing Solutions announced its 2009 results, which showed an increase of approximately 47 per cent in net mortgage finance income ...

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Sakana posts rise in mortgage business



GCC banks eye profit growth

February 17 - 23, 2010
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The days of profit growth are back for GCC banks, which had faced five turbulent years in a row.

Experts say more than 150 banks in the GCC ...

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GCC banks eye profit growth



Appointment

February 17 - 23, 2010
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Moevenpick Hotel Bahrain has appointed Francesco Agus as food and beverage manager.

Mr Agus, below, is an Italian national with over 11 ye ...

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Appointment



Growth strategy change for Gulf Air

February 17 - 23, 2010
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Gulf Air CEO Samer Majali has sent a cable to His Royal Highness Prince Khalifa bin Salman Al Khalifa, the Prime Minister, and His Royal Highness ...

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Growth strategy change for Gulf Air



GFH is optimistic despite reporting operating loss

February 17 - 23, 2010
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Gulf Finance House (GFH) has announced that it has made a net loss of $728 million in 2009, of which $656 million were non-cash provisions, compar ...

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GFH is optimistic despite reporting operating loss