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Saudi pips Iraq as top oil supplier to India

Saudi Arabia replaced Iraq as top oil supplier to India in July after a gap of more than a year, according to data from industry and shipping sources, as a higher intake of Iranian oil ahead of US sanctions altered trade routes. Many European refiners are winding down purchases of Iranian

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Al Baraka signs MoU with UNDP

Manama : Al Baraka Banking Group (ABG) delegation led by Adnan Ahmed Yousif, President and Chief Executive, participated in the SDG Business Forum held on the sidelines of a political forum on Sustainable Development in New York recently. During the forum, the P&

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Turkey turmoil hits markets

Dubai : Saudi Arabia’s stock index touched its lowest level in more than three months yestreday, with regional markets sinking as investors shied away from banks with links to Turkey’s deepening economic turmoil. Attracted by its large population and surging economy, severa

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Ithmaar Holding posts $10.82 m net profit in H1

Manama : Ithmaar Holding, a Bahrain-based financial institution, has reported a net profit of $10.82 million for the six-month period ended 30 June 2018, as compared to a net loss of $1.59 million for the same period in 2017. Net profit attributable to equity holders for the six-month

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Mohamed Jalal & Sons’ Eng. & Tech unit gets ISO

Manama : Mohammed Jalal & Sons’ Engineering and Technology division has been granted the ISO 9001 Quality Management System certification in recognition of the application of the quality management system, under which all procedures are carefully designed, integrated and impl

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France to set penalities on non-recycled plastic

Paris : France plans to introduce a penalty system that would increase the costs of consumer goods with packaging made of non-recycled plastic, part of a pledge to use only recycled plastic nationwide by 2025, an environment ministry official said yesterday. Brune Poirson, secretary of

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Solidarity Bahrain net soars 1200pc

Manama : Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has announced a net profit of BD1.16 million for the six-month period ended June 30, 2018 against BD89,000 recorded for the corresponding previous period, representing 1200 per cent increase.

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Real Search launches water conservation campaign

Real Search, Bahrain’s largest property and facilities management services company, has announced a water saving campaign to preserve water by using the scarce resource wisely on a daily basis. As part of the campaign, Real Search has launched a #SaveEveryDrop competition to motivat

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Performance review of 10 Govt entities held

The government has held the strategic performance review of 10 government entities participating in the experimental Tamkul project, Adel Hejji Ibrahim Mohamed, Director General of Human Resources Development and Performance, said yesterday. The meeting marks an important stage in the imp

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WhatsApp out to make money from business messages

San Francisco : Facebook on Wednesday set out to make money from WhatsApp with a scheme to connect businesses with customers via the smartphone messaging service. Facebook said it has been testing a “WhatsApp Business” tool for months with more than 90 companies including U