Opec's petroleum exports jumped in value by almost 10 percent in 2012 year-on-year and the producers' GDP climbed 12 percent, according to the group's latest report, an income surge that looks harder to repeat this year.
Bahrain sovereign fund Mumtalakat said on Wednesday its net loss for 2012 narrowed by 32.9 percent as improved performance by its financial services and telecommunications portfolio partly offset lower revenue from its aluminium unit.
The total number of investments in the Mena region during 2012 witnessed an increase to 91 from 84 year on year, while the total value of funds announced increased by $200 million compared to 2011, a report said.
Bahrain-based Naseej, a fully-integrated real estate and infrastructure company, has reported total income of BD4.47 million ($11.85 million) for last year as against BD4.15 million in 2011.
The company's total expenses decrea
China's Huawei Technologies Co's Middle East revenue rose 18 percent to $2.08 billion in 2012 and the roll-out of 4G mobile networks and IT outsourcing will be among its main regional growth drivers, the firm said.
Bahrain-based LIC (International), a subsidiary of LIC of India, collected a total premium of $126.11 million in 2012, reflecting a 23 per cent growth, said a top official.
The company issued 9,801 policies in 2012 with sum assure
Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report.
Even as the oil sector shrank by around 8.5 per cent in 201
Germany’s Hansgrohe Group, a leading sanitary fittings manufacturer, has posted revenues of 805 million euros ($1.04 billion) in 2012 as against 764 million euros in 2011, marking a 5.4 per cent rise year on year.
Emirates, Dubai's flagship carrier, reported a 52 percent rise in 2012 net profit on Thursday as the fast-growing airline increased its fleet size and added more passengers.
Emirates, ranked fourth globally in terms of interna
The caseload handled by DIFC Courts, Dubai’s established English language, commercial common law judicial system, during the 12 months ending December 31, 2012 showed a record increase of 40 per cent year-on-year.