Sunday 14 February 2016
 
»

Dubai private sector slows down in January

Dubai’s private sector experienced the slowest overall improvement in business conditions for almost six years in January, according to latest data. The continued slowdown in the overall performance registered 50.7 on the headline seasonally adjusted Emirates NBD Dubai Econ

More…

BBK profit rises 6.2pc to $141m

Bank of Bahrain and Kuwait has reported 6.2 per cent rise in net profit at BD53.2 million ($141 million) for the year ended December 31 when compared with BD50.1 million for 2014, with earnings per share of 50 fils as against 47 fils earlier. In a statement, the bank said its board of directo

More…

VCBank announces 9.06pc dividends to shareholders

Bahrain-based Venture Capital Bank (VCBank) has announced dividends to its shareholders totalling 9.06 per cent for last year. In a statement, the bank said the dividends comprise effectively 2.52 per cent in cash and 6.54 per cent in bonus shares on their existing holdings (inclusive of 0.93

More…

Bahrain, Russia in new bilateral relations deal

Bahrain and Russia has pledged a new era in bilateral relations. His Majesty King Hamad and President Putin agreed to build on the strong ties as they held official talks at Bocharov Ruchei presidential residence in the Black Sea resort of Sochi, said a report in the Gulf Daily News (GDN)

More…

Americana gives go-ahead to due diligence

Kuwait Food Company (Americana) said that its board had agreed to give an investment firm 60 days to carry out due diligence for the acquisition of a controlling stake in the company. Last week the Gulf-based investment firm, Adeptio, said it had signed an initial agreement to bu

More…

KFH to set up Islamic Turkish funds firm

Kuwait Finance House (KFH), the country's biggest Islamic lender, will set up a sharia-compliant asset management unit under its Turkish bank branch, the lender said. Kuwait Finance House Turk will establish five sharia-compliant investment funds and offer other investment se

More…

Oman to borrow $5bn-$10bn from abroad

Oman plans to borrow between $5 billion and $10 billion from abroad to help finance a budget deficit caused by low oil prices, central bank executive president Hamood Sangour al-Zadjali told Al Arabiya television on Monday. Zadjali said the government might issue eurobonds by the middl

More…

Bahrain hosts UN Investments Committee meeting

Bahrain today (February 8) hosted the United Nations Investments Committee meeting, which was held in Manama. The United Nations Investments Committee makes investment recommendations to the United National Joint Staff Pension Fund (UNJSPF), a fund that was established by the Uni

More…

Al khaliji wins 'Banker Middle East' awards

Al Khaliji Commercial Bank (al khaliji) has earned four accolades from the 'Banker Middle East Qatar Product Awards 2015.'    It includes awards in the categories of 'Best Premium Banking Service', 'Best Corporate Account', 'Best

More…

KFH to set up Islamic Turkish funds firm

Kuwait Finance House (KFH), the country's biggest Islamic lender, will set up a Sharia-compliant asset management unit under its Turkish bank branch, the lender said. Kuwait Finance House Turk will establish five sharia-compliant investment funds and offer other investment se

More…
 < 1 2 3 4 5 > 

calendarCalendar of Events

Ads