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Startup scheme aiming to help graduates in ICT

MANAMA: Preparations are underway for a two-month entrepreneur programme that aims to provide a platform for university graduates to turn their projects into real business.

The first edition of the 'Startup Boot Camp' is being organised by Bahrain Chamber of Commerce and Industry's (BCCI) Small...ReadMore

Investcorp-Mumtalakat acquire software firm

MANAMA: Investcorp, a global provider and manager of alternative investment products, and Mumtalakat yesterday announced that they have acquired PRO Unlimited, a leading provider of software and services that enable large enterprises to more effectively manage their contingent workforce.

Key rating is assigned to sukuk

LONDON: Fitch Ratings has assigned Bahrain Mumtalakat Holding Company's (BBB/Stable) upcoming trust certificate programme (sukuk) and euro medium term note programme (EMTN) a 'BBB(EXP)' expected rating.

Shell boost as profit rises 31pc

LONDON: Royal Dutch Shell has outpaced peers with a forecast-beating rise in quarterly profit and said it would spend heavily next year on key projects, even as oil majors prepare to weather the full impact of a sharp drop in oil prices.

NBB's net profit surges 5.2pc to $112.1 million

MANAMA: NBB's net profit rose 5.2 per cent to BD42.16 million ($112.13m) for the nine months ended September 30, compared with BD40.09m for the corresponding period of the previous year.

EMG's gains soar 55pc to $87.5 million

DUBAI: Emaar Malls Group (EMG), a unit of Emaar Properties that listed on the emirate's main stock market in October, reported a 55.2 per cent jump in third-quarter net profit yesterday as revenues rose.

Key safety milestone for Alba

MANAMA: Alba, a champion of workplace safety and health, yesterday announced that its Cast House has achieved 2,000,000 work hours without Loss Time Injury (LTI).

EDB attends economic forum in US

MANAMA: Officials from the Economic Development Board (EDB), led by chief economist Dr Jarmo Kotilaine, attended the 6th annual FundForum USA held in Boston, Massachusetts.

Burgan Bank wins approval

DUBAI: Burgan Bank, Kuwait's third-largest lender by assets, has received regulatory approval to launch a 21.6 million dinar ($74.8m) rights issue by the end of this year, it said in a bourse filing yesterday.

House prices ease

LONDON: British house price growth eased for a second month in a row on an annual basis in October, adding to evidence that a previously rapid upturn in Britain's housing market is losing steam, a survey showed yesterday.

Kingdom net profit rises

DUBAI: Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 20.5 per cent rise in third-quarter net profit yesterday, on the back of higher investment profits.

Barclays sets aside $800m

LONDON: Barclays set aside £500 million ($800m) in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut.

Revenue up for Technip

PARIS: French oil services group Technip reported higher than expected third-quarter profit and revenue and stuck to its targets yesterday, reassuring investors spooked by the spending slowdown by oil majors and the decline in oil prices.

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