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Bahrain’s Gulf Finance House swings to small profit in 2011

Bahrain’s Gulf Finance House swings to small profit in 2011

Bahrain's Gulf Finance House swung to a full-year profit in 2011 as the troubled sharia-compliant investment firm said its restructuring plan, which included significant cost-cutting, helped reverse its fortunes.

March 1, 2012 1:48
 
The Volcker Rule: ex-federal reserve head urges stricter reforms in banking

The Volcker Rule: ex-federal reserve head urges stricter reforms in banking

Former US Federal Reserve chairman Paul Volcker, says regulators should not back down in imposing the curbs and that additional reforms to markets are necessary.

February 29, 2012 4:19
 
Dubai’s Noor Islamic ended business with Iran banks in Dec

Dubai’s Noor Islamic ended business with Iran banks in Dec

Dubai's Noor Islamic Bank ended business relationships with Iranian banks in December last year as a pre-emptive action in relation to US sanctions, Noor said in an email on Wednesday.

February 29, 2012 1:18
 
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
 
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