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  • 200-kuwait-commercial-bank

    Kuwait’s CBK second quarterly profit drops as provisions bite again

    H1 operating profit of 47.3 mln dinars wiped out by provisions; H1 net profit 0.45 mln dinars vs 1.46 mln dinars yr-ago; Political deadlock, weak investment firms weigh on bank sector; Q2 net profit 0.12 mln dinars vs 0.13 mln dinars in 2011

    August 8, 2012 4:25
  • Talaat Moustafa Group's

    Egypt’s TMG says first half net drops 11 percent

    Egyptian property developer Talaat Moustafa reported first-half net income of 328.8 million Egyptian pounds ($54.11 million) on Wednesday, down 11 percent from the same period a year earlier.

    August 8, 2012 4:25
  • China ICBC

    China’s ICBC wins Saudi branch licence

    Saudi Arabia has decided to let Industrial and Commercial Bank of China, the largest Chinese commercial bank, open a branch in the country, a sign of growing economic ties between the world's top oil exporter and second-biggest oil consumer, local media said.

    August 8, 2012 4:24
  • 200-qnb

    Qatar national bank signs $1.8 billion loan

    Qatar National Bank, the Gulf Arab state's largest lender, signed a $1.8-billion three-year loan after completing a syndication process orchestrated by five international banks, it said on Wednesday.

    August 8, 2012 4:21
  • Abu-Dhabi-Airport

    Abu Dhabi airport contractors near $1.1 billion finance deal

    The consortium building Abu Dhabi's new airport terminal is close to securing a 4-billion dirhams ($1.1 billion) financing deal, which will be mainly sharia-compliant, banking sources said on Wednesday.

    August 8, 2012 4:20
  • crude-cruncg_small

    Qatar raises July marine crude OSP to $99.75 a barrel

    Qatar has raised its July retroactive official selling price (OSP) for Qatar Marine crude to $99.75 a barrel, up $4.15 from June, a trader said on Wednesday.

    August 8, 2012 9:59