Tuesday 29 July 2014
 
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Discovery acquires 51pc interest in Eurosport

Discovery Communications has completed the acquisition of a controlling interest in Eurosport International, a leading sports entertainment group.   The company increased its interest in Eurosport to 51 per cent

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Bahrain banks 'must stop hidden charges'

A call has gone out to banks in Bahrain to maintain low interest rates and support the economy, following an announcement by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa last week.   The

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Interest rate fears hit consumer sentiment

Worries about rising interest rates and falling stock prices hit US consumer sentiment in early July, while other data showed a firm rise in wholesale prices that could make the US Federal Reserve more comfortable reducing its monetary stimulus.

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Kuwait debtors' bailout to cost $2.6bn

  A government bailout of Kuwaiti debtors is expected to cost 744 million dinars ($2.61 billion), finance minister Mustapha Al-Shamali said on Tuesday.   The government, under pressure from members

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Saudi banks to post lower profit in 2013

The Saudi Arabian banks are likely to register a lower profit growth this year owing to increasing competition and reduced income from brokerage, according to a report. The pressure on these banks' net interest margin (NIM) wi

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Doha Bank offers home loans at under 4pc

Doha Bank, a leading private bank in Qatar, has launched its new retail mortgage loans portfolio which now features a competitive interest rate of 3.99 per cent. The bank will provide loans of up to 70 per cent of property value f

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BBK's net profit rises 18pc to $83m

Bank of Bahrain and Kuwait (BBK) said its net profit for the first nine months rose 18.2 per cent from the same period last year to BD32.1 million ($83.4 million). "BBK's fundamental strengths, along with its clear strate

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Spain borrowing costs soar as EU ponders aid

Spain's medium-term borrowing costs spiralled to a euro-era record at an auction on Thursday, hours before an independent audit was due to reveal how big a capital hole in Spanish banks needs to be filled by a euro zone bailout. Euro zone

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Bahrain’s $238m annual interest ‘may rise’

Bahrain’s government pays BD90 million ($238.7 million) every year as interest on loans and the figure is set to increase in coming years, said the Finance Ministry. A report from the Ministry added that the government deduc

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Omanis interested in Islamic Finance-study

Omani customers have expressed a strong appetite for Islamic Finance with a rapid take-up of banking products expected within the first 12 months of being launched, key findings published from Oman’s first independent market study showed.

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