Business Weekly

Business Weekly




India's Bank of Baroda opens 'wholesale' banking branch

March 25 - April 1 2008
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Bank of Baroda, one of India's leading international banks, this week opened its 71st international office in Manama.





Reef operating revenue doubles to BD5.5 million

March 25 - April 1 2008
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Reef - Real Estate Finance Company - announced a series of end-of-year results after its second annual general meeting for shareholders held at the Gulf Hotel, Bahrain.





Enough scope for alternative vehicles

March 25 - April 1 2008
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The GCC is famed for its access to enormous amounts of excess liquidity due to the high price of oil. Bahrain, UAE and Qatar are now seeing professionalism from both regulators and service providers grow steadily.





Gulf Hotel Group's net profit soars

March 25 - April 1 2008
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Gulf Hotels Group (GHG), the owners of the Gulf Hotel Bahrain and shareholders and operators of the Ocean Paradise Resort in Zanzibar, has announced a net profit for 2007 of BD5.66 million, the highest since the company's inception in 1967.





Deal signed for investment in five aircraft to be leased

March 25 - April 1 2008
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Bahrain-based investment bank, United International Bank (UIB) and Novus Aviation have signed a letter of intent with the Royal Bank of Scotland (RBS) for investment in five aircraft through Falak Investments Limited (Falak).





Labour Fund moves to new premises

March 25 - April 1 2008
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Bahrain's Labour Fund (LF) signed agreements with Dheya Tawfiqi Engineering Bureau and Designers Gallery, Interior Design & Consultant, division of Yousif Khalil Almoayyed & Sons to carry out the designing and fit-outs for its new premises in the Bahrain Chamber of Commerce building in Sanabis.