Friday 18 April 2014
 
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investment

Mubadala income triples to $1.44 billion

Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, tripled its total comprehensive income in 2013 to Dh5.3 billion ($1.44 billion), compared to Dh 1.6 billion in 2012.     

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Bahrain plans major Kazakhstan investment

Bahrain's His Majesty King Hamad has unveiled plans to sign major investment and trade agreements with Kazakhstan.   He urged businessmen to seize the opportunity - also revealing that Bahrain will join talks

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Chinese investment group in Bahrain

A Chinese investment delegation led by the China Overseas Development Agency is in Bahrain for a visit organised by the Economic Development Board (EDB). The group includes more than 20 business leaders from some of China's to

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Bahrain 'must launch banking ombudsman services'

A Bahraini businessman has called for the introduction of banking ombudsman services and an investor protection board as a precursor to making Bahrain a GCC investment hub. Welcoming last week's statement by His Royal Highness

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Shuaa swings to $2.2m Q1 net profit

Leading UAE investment bank Shuaa Capital has registered a Dh8.2 million ($2.23 million) net profit in the first quarter of 2014 compared to a net loss of Dh5.9 million for the same period the previous year. The Dubai-based lender

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UK investors in call to banks

British investors have called upon investment banks to stick closer to lock-up agreements on sales of company shares after a major transaction, saying it would ensure more stable markets. The Association of British Insurers (ABI)

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UAE foreign direct investment to hit $14.4bn in 2014

The foreign direct investment (FDI) in the UAE reached $12 billion in 2013 and is projected to grow 20 per cent in 2014 to hit $14.4 billion, according to a report. The estimated growth rate in 2014 would represent a 260 per cent

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Bahrain keen to be GCC investment hub

Bahrain is keen to become a GCC investment hub, as the nation considers such co-operation a key element that strengthens states, said the Premier.   His Royal Highness Prime Minister Prince Khalifa bin Salman Al

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Expats' investment inflows into India set to rise

UAE based Non-Resident Indians (NRIs) are expected to increase their investments inflows into India after the country’s upcoming general elections, according to a new survey. About two thirds of NRI respondents are optimisti

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Inquiry over public convenience spending launched

An inquiry has been launched amid claims that spending BD41,000 ($108,137) on a public convenience in Manama was like flushing money down the toilet.   The Manama Municipal Council is investigating why the invest

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