Thursday 2 July 2015
 
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Rise in diabetes ‘a major global health catastrophe'

The rise in diabetes around the globe is one of the greatest health catastrophes the world has seen, with more than 382 million people now affected by the condition, according to a report. The condition, which causes heart disease

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Oil prices dip after Saudis say could raise output

Oil futures dipped on Friday after Saudi Arabia said it was ready to raise output further to meet strong demand. US crude prices hit a high of $61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a st

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UAE consumer spending tops $168bn

The consumer spending in the UAE has increased to $168 billion in 2013 from $150.4 billion in 2012, a regional retail expert said quoting the National Bureau of Statistics, UAE. The spending in the US rose to $10,972 billion in 20

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BisB net profit rises 23pc to $7.9m

Bahrain Islamic Bank (BisB) has registered a net profit of BD3 million ($7.9 million) for the first quarter of this year, compared with BD2.5 million for the previous period, an increase of 23 per cent. Chairman Abdul Razak Al Qas

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IHG makes strong start with $5.9pc revenue rise

InterContinental Hotels Group, one of the world's largest hoteliers, posted a 5.9 per cent rise in first quarter global room revenue, delivering growth across all of its regions. IHG, which runs over 4,900 hotels under brands

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Bahrain salaries set to grow 7pc this year

Salaries in Bahrain are predicted to rise by an average of seven per cent this year, according to an online survey by recruitment website GulfTalent. It documented an average pay increase of 5.9 per cent last year and forecasts th

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Gulf Print and Pack posts 26pc rise in visitors

Gulf Print and Pack 2015, a leading platform in the Middle East for the commercial and package printing industry which recently concluded in Dubai, has posted a 26.7 per cent rise in visitor numbers. Its visitors came from more th

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BBK's net profit rises 6pc to $39m

Bank of Bahrain and Kuwait (BBK) has reported six per cent rise in net profit at BD14.9 million ($39.52 million) for the first quarter of this year, compared with BD14 million in the same period last year. Earnings per share for t

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World Free Zones Organization sees membership surge

The World Free Zones Organization (World FZO), a non-profit industry body for free zones, has announced a steep rise in membership numbers. Launched in May last year, the World FZO began operations with 14 founding members. Howeve

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Mideast OFS spend to recover as oil prices rise

Middle East and Asia, the onshore dominated regions, is set to see a recovery in expenditure as oil prices rise, due to the sensitivity of onshore driving activity to changes in oil price, according to a recent forecast. The Dougl

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