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Ahli United expands key POS serviceBahrain-based Ahli United Bank (AUB) is rapidly expanding point of sale (POS) acquiring in the kingdom with its hitech systems and terminals and innovative features. This is to meet the growing needs and expectations of retail chains, hospitality, travel, telecom, utility service More… |
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BKIC unveils new brand identityBahrain Kuwait Insurance (BKIC), part of the Gulf Insurance Group, has decided to adopt a common logo for all the subsidiary companies so as to reflect a unified brand identity across the group companies. The logo selected for the group, a sea shell, represents strength and stabi More… |
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NBB completes BisB share purchaseNational Bank of Bahrain (NBB) and SIO Asset Management Company (SIOAM) have completed the purchase of The Investment Dar's and associated companies' shareholding of 51.6 per cent in Bahrain Islamic Bank (BisB). SIO Asset Management is a wholly owned subsidiary and the in More… |
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UAE sees big foreign capital inflowThe UAE is the key beneficiary of private capital flow into the GCC region, according to the fourth annual Invesco Middle East Asset Management Study, with capital from emerging markets, most notably from India, Russia and China, overtaking those from developed markets. Invesco o More… |
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Gulf Capital to raise $360m partly for dividendAbu Dhabi private equity firm Gulf Capital is close to signing a 1.32 billion dirhams ($359.38 million) Islamic loan for its company Gulf Marine Services (GMS), some of which will be paid out to investors as dividends. Gulf Marine, the largest operator and owner of jack-up barges More… |
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Apicorp posts $109m profit in 2012The Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank owned by the ten members of the Organisation of Arab Petroleum Exporting Countries, said it has registered a net profit of $109 million for 2012, the highest-ever in the organisation’s 37 year history. More… |
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Al Baraka summit to discuss financial trendsAl Baraka Banking Group (ABG) will hold its 34th symposium for the Islamic economy at Hilton Hotel, Jeddah, in July to discuss emerging banking and financial trends. "I thank ABG chairman Shaikh Saleh Abdullah Kamel, for the adoption, management, financing and direct supervi More… |
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Bahrain real GDP grows 3.9pc in 2012Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report. Even as the oil sector shrank by around 8.5 per cent in 2012 due to a temporary technical disruption at the c More… |
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Deutsche Bank named top FX bank in MideastDeutsche Bank has been named the leading forex (FX) bank in the Middle East with 16.15 per cent of overall market share. This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution systems as well as the continued focus on providing inn More… |
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Doha bourse breaks key 9,000 levelQatar's bourse closed above the key 9,000 level after making its largest one-day gain in three weeks, while UAE and Kuwaiti markets also rallied on renewed optimism in equities. Doha's benchmark cli More… |
