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Bahrain Fund boss quit over lack of deals

Bahrain Fund boss quit over lack of deals

The head of Bahrain's sovereign wealth fund quit over differences of strategy with the board, disappointed by its lack of deal-making as it focuses on reviving loss-making domestic assets, sources familiar with the matter said on Tuesday.

February 29, 2012 1:39
 
Bahrain’s Al Baraka Banking Group posts flat Q4 profit

Bahrain’s Al Baraka Banking Group posts flat Q4 profit

Bahraini Islamic lender Al Baraka Banking Group made a fourth-quarter net profit of $46 million, unchanged on the same period in 2010, the bank said in a statement on Thursday.

February 25, 2012 1:26
 
Bahrain’s BATELCO says India stake sale to lift 2012 profit

Bahrain’s BATELCO says India stake sale to lift 2012 profit

Bahrain Telecommunications Co's (Batelco) sale of its stake in Indian affiliate S Tel will help it achieve double-digit profit growth in 2012, the former monopoly said on Wednesday.

February 23, 2012 11:17
 
Bahrain Bankers Relieved, Eye Infrastructure Projects

Bahrain Bankers Relieved, Eye Infrastructure Projects

"Thank God Feb. 14 went fine to a great extent. There is hope that the political situation will be seen as stabilised to a great extent and agencies start increasing ratings," Abdulkarim Bucheery, chief executive officer of Bank of Bahrain, said at a meeting with reporters.

February 20, 2012 1:46
 
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