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Tenth time lucky for Bahrain’s Gulf Finance House as it posts a profit

Posted on 01 June 2011

Bahrain’s Gulf Finance House has reported a $11.9 million profit in the first quarter, reversing nine straight quarters of losses. The rebound could mark a turning point for the Islamic investment bank, one of the hardest-hit companies in the Gulf by the global financial crisis.
GFH absorbed more than $1bn of losses before inching back to profitability in the first three months of this year……………………………………….Full Article: Source

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