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Qatar lender records growth in H1 net profit

Qatari lender Al Khaliji has reported a 3.3% growth in H1 net profit to QR112m ($30.7m), compared to QR108m for the same period a year earlier, the Peninsula has reported. "The continuous increase in our profit is due to the successful execution of our wholesale-led strategy developed at the end of 2009, in addition to the growing contributions from our wholly owned subsidiary Al Khaliji France covering both Paris and the UAE operations," Robin McCall, acting CEO said.