Sunday 19 April 2015
 
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Oman’s construction activity drives hardwood demand

The fast-paced construction activity in Oman has driven the demand for hardwood, generating a strong interest from Omani visitors to an upcoming leading timber and wood machinery show to take pace in Dubai next week. The 10th edit

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RAK team shares business set-up with Japanese investors

A Ras Al Khaimah Free Trade Zone delegation to Japan has shared its business set-up and expansion benefits with Japanese investors. Led by Ramy Jallad, acting chief executive officer of RAK FTZ, the mission sought to enhance trade

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Khaleeji Commercial plans to reduce paid up capital

Shareholders of Khaleeji Commercial Bank (KHCB) have approved reducing the bank's paid up capital by 13.36 per cent, from BD115.4 ($303.8 million) to BD100 million through decreasing the number of shares from 1.1 billion to 1 billion shares,

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Saudi, Kuwait to strengthen security after Yemen strikes

Top oil exporter Saudi Arabia and Gulf Opec ally Kuwait will beef up security around their oil facilities, they said, after they and other Arab allies began a military operation in Yemen. Warplanes from Saudi Arabia and Arab allie

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Sharia board to be set up in Bahrain for Islamic finance sector

Inconsistency in compliance with Sharia standards poses an existential threat to Islamic finance, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj has said. According to Al Maraj, it was to prevent such an occurrence that t

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Bahrain Flour Mills plans to set up new factory

Bahrain Flour Mills Company has unveiled plans to set up a new factory with a high production capacity at Hidd Industrial Area. Work on the BD20 million ($52.6 million)  project is expected to be completed in three years, sai

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Bahrain to step up efforts to fight hackers

Bahrain is to step up efforts to strengthen information security amid mounting cyber threats. Interior Minister Lieutenant General Shaikh Rashid bin Abdulla Al Khalifa sounded the alarm as he opened the first-ever Bahrain Informat

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Gold edges up on dollar but heads for 3rd weekly drop

Gold inched up on Friday as the dollar softened, but was heading for a third week of losses on expectations of higher US interest rates and hopes of a deal between Greece and its creditors. Spot gold rose 0.2 per cent to $1,224.50

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Brent holds above $59, up more than 3pc on week

Benchmark Brent crude held above $59 in Asia on Friday, up more than three per cent this week as news of deeper industry spending cuts and a sinking US dollar revived buying. Brent crude for April delivery was trading up 48 cents

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Security boost for Jewellery Arabia show in Bahrain

Security has been beefed up at this year's Jewellery Arabia after robbers got away with a $1 million necklace last year. Almost BD300 million ($790.8 million) worth of brooches, rings, necklaces, earrings, bracelets and more a

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