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NBB names winner of Bahrain luxury villa, cash prizes

The National Bank of Bahrain (NBB) has announced the first winners of the Thara a Prize Account raffle draw. The draw which was for March 2024 prizes saw Dhaifalla Masaad Alsalami emerge as the winner...

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Saudi bank alrajhi tops Forbes Most Valuable Bank ranking

Forbes Middle East has revealed its 30 Most Valuable Banks ranking featuring the resilient profitable and customer-centric banking titans in the region. As of February 23 2024 the 30 banks had a combined...

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Batelco first with fully automated number portability

Batelco part of the Beyon Group has launched a seamless number portability feature on the Batelco mobile App enabling mobile users to instantly switch from their current provider to Batelco in a few quick...

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International Business Hub to kick off at GITEX Africa

The Bahrain Technology Companies Society (BTECH) is set to organise the International Business Hub at the second edition of GITEX Africa slated to unfold from May 29 to 31 in Marrakech Morocco. This global...

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Bahrain's GDP surges 2.4pc in 2023 on non-oil growth: Report

Bahrain s gross domestic product (GDP) increased by 2.4% at constant prices in 2023 when compared to the previous year according to national accounts estimates issued by the Information and eGovernment...

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DFSA, SFC co-host roundtable for Hong Kong asset managers

A high-level roundtable has explored opportunities for Hong Kong asset managers to distribute funds in the Dubai International Financial Centre (DIFC). The Dubai Financial Services Authority (DFSA) and...

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FIA Ethics Committee absolves Ben Sulayem of wrongdoing

The President of the Federation Internationale de l Automobile (FIA) Mohammed Ben Sulayem has received an official letter by 34 heads of FIA Member Clubs and Sport Federations of America expressing their...

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EDB finances record $2.83bn of industrial projects since 2021

Emirates Development Bank (EDB) has financed a record AED10.4 billion ( 2.83bn) of industrial projects since the launch of its strategy in 2021 taking its cumulative impact to the nation s industrial GDP...

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IndusInd International to acquire 60pc stake in Invesco India

Mauritius-based IndusInd International Holdings Limited (IIHL) has entered into a definitive agreement with global independent investment management firm Invesco to acquire a 60% stake in its Indian unit...

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King Hamad leads Eid prayers in Bahrain

The Kingdom of Bahrain today (April 10) joined its neighbouring GCC countries to celebrate Eid Al Fitr with His Majesty King Hamad leading the prayers at Al Sakhir Palace Mosque. His Royal Highness Prince...

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Marassi Galleria unveils line-up of exciting Eid events

Marassi Galleria Bahrain s newest premier lifestyle destination and a part of iconic waterfront development Marassi Al Bahrain has announced a line-up of exciting events for the Eid Al Fitr holidays that...

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Saudi Arabia declares April 10 as first day of Eid

The Kingdom of Saudi Arabia has announced that Eid Al Fitr which marks the end of Ramadan will begin on Wednesday (April 10) in the kingdom. Tomorrow will be the last day of Ramadan and Wednesday the beginning...

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Top GCC insurers' revenue surges 19pc to $32bn in FY2023

The price increases regulatory enforcement as well as merger and acquisition (M&A) activity and the favourable economic conditions have boosted the insurance revenue of 76 listed insurers in GCC for a...

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Fajr-led bank consortium complete Aster GCC business buy

A consortium of banks led by Fajr Capital one of Mena s leading private equity investors alongside Dr Moopen family have completed the 100% acquisition of Aster s GCC business successfully separating it...

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Abu Dhabi's private sector grows 35pc to $92.3bn

Abu Dhabi s private sector continued its strong growth reaching AED338.9 billion ( 92.3 billion) up 35% compared to 2016 as the emirate s non-oil sector grew 9.1% in 2023 to AED610 billion to contribute...

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Dubai Chamber explores private sector empowerment

Dubai Chamber of Digital Economy has discussed strategies to empower companies to support Dubai s digital transformation and maximise the contribution of advanced technologies such as artificial intelligence...

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