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Bahrain's Al Baraka posts 7 pct Q1 profit rise

Bahrain-based Islamic lender Al Baraka Banking Group posted a 7 percent increase in first-quarter net income, the bank said in a statement on Wednesday. The bank, which has operations in 15 countries including Turkey, Syria and Egypt, made a profit of $57.4 million for the first-quarter, compared with $53.5 million…

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