Friday 1 August 2014
 
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NBAD appoints energy, resources MD

The National Bank of Abu Dhabi (NBAD) has appointed Marc Mollema as the managing director and global head of energy and resources.   Mollema will lead NBAD’s Energy and Resources portfolio with a growing team of sector

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NBK Bahrain posts 38pc jump in H1 profit

National Bank of Kuwait - Bahrain (NBK Bahrain), a subsidiary of NBK Group in Bahrain, has reported a net profit of $74.1 million (BD27.9 million) for the first half of 2014 compared with $53.9 million for the same period last year, a growth of 38 per cent year-on-year. NBK Bahra

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DCCC makes first delivery of plastics futures deal

The Dubai Commodities Clearing Corporation (DCCC), a central counter-party (CCP) service provider wholly owned by the Dubai Gold and Commodities Exchange (DGCX), has completed its first physical delivery against the region’s first plastics futures contract.   DCCC facil

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Warba bank posts profit

Warba Bank has achieved a net profit of KD43,000 ($152,137) by the end of the second quarter 2014 compared to a loss of KD2.141 million for the same period in 2013. The bank's financial statement indicates that the bank has achieved operating revenues of KD8 million by the en

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Bahrain insurance premiums grow 8pc

Bahrain insurance market has posted a gross premium increase of eight per cent to register BD258.41 million ($681.7 million) last year, compared to the previous year, according to the Central Bank of Bahrain.   Motor insuran

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Kipco posts 20pc profit increase

Kuwait Projects Company (Kipco) has announced a net profit of KD21.7 million ($77 million) for the first six months of 2014, an increase of 20 per cent on the KD18.1 million profit reported for the same period last year. In the second quarter, Kipco made a net profit of KD11.4 mi

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Mashreq Q2 net profit jumps 45pc

Mashreq, Dubai's third-biggest lender by assets, on Wednesday posted a 45 per cent jump in second-quarter net profit.   The lender made a net profit of Dh585 million ($159.3 million) for the three months to June 30, it s

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BCFC net profit surges 13pc to $19.1m

Bahrain Commercial Facilities Company (BCFC), a consumer finance and insurance provider, has reported a 13 per cent rise in consolidated net profit at BD7.2 million ($19.1 million) for the first six months of the year w

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GCC female entrepreneurs' challenges in focus

A key forum highlighting the economic challenges faced by female entrepreneurs in the GCC will take place in Bahrain this October.   The second edition of the 'Gulf Businesswomen Forum' will give participants the opp

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Adnic appoints new chief distribution officer

Abu Dhabi National Insurance Company (Adnic), one of the region’s leading providers of insurance solutions for individuals and corporates, has appointed Michael Mansour as its chief distribution officer. In this role, Mansour will be responsible for overseeing the company&r

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