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Even if ceasefire succeeds, investors will still want a risk premium
Demand allowed the bank to cut the yield by 35bp
The country offers huge potential and possible pitfalls for investors
A piece of very rare African senior bank issuance could also come this week
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QIB’s 2011 net profit up 22.5% to QR1.11bn at end of Q3
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Source: Islamic Development Bank
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Manama, Bahrain: Arab Banking Corporation today announced that its consolidated Group net profit for the first nine months of 2011 was US$157 million, 40% higher than last year. Net profit for the third quarter was US$41 million compared to US$68 million in the second quarter, due to net impairment provision charge of US$20 million compared to net recovery of US$8 million during the previous quarter.
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Manama, Bahrain -18 October 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 207.5%.