Wednesday 17 September 2014
 
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Gulf

Gulf banks show solid growth, despite low interests

Gulf banks have shown healthy earnings growth over the last year and a half despite historically low interest rates, according to a new Standard & Poor’s Ratings Services report. The report titled ‘Economic Recover

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Obama 'must make strategy against Islamic State work'

It took President Barack Obama and his top aides a week to explain that he does in fact have a strategy for confronting the Islamic State militancy. Now he has to prove that he can make it work. Obama has embarked on building what

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GCC aluminium investments to hit $55bn by 2020

The investments in the aluminium sector across the Gulf region is poised to hit $55 billion by 2020, compared to $30 billion in 2011, mainly due to smelters' expansion and new projects in the region, said a report. Statistical

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Petroleum producers ‘shift attention from Mideast’

Following four decades of war, sanctions, nationalisation and unrest, oil and gas producers are gradually adjusting to rely less on the Middle East. The countries around the Gulf and on the Arabian Peninsula still contain the grea

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Gulf Hotels net profit grows 28pc to $20m

Gulf Hotels Group (GHG) has reported 28.29 per cent rise in net profit at BD7.57 million ($20.05 million) for the first half ended June 30, compared with BD5.9 million in the same period last year. The group achieved an increase of BD1.

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Gulf investments in aluminium to reach $55bn

Gulf investments in the aluminium sector are expected to reach $55 billion by 2020, compared to $30 billion in 2011, according to a new report. The surge is credited to expansion of smelters and new projects in the region, a Harbor Inte

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Industries Qatar profit down 38pc

Industries Qatar (IQ) reported a 38 per cent drop in second-quarter net profit on Sunday, missing analysts' forecasts. The Gulf's second-largest chemical producer by market value made a net profit of 1.25 billion riyals ($

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GFH repays $25m to debt holders

Bahrain-based Islamic investment bank, Gulf Finance House (GFH), has repaid $25 million to debt holders marking total debt principal payments of $33 million so far this year. In a statement to the Bahrain Bourse, the bank said this repr

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Gulf Air official to represent Mena in council

Gulf Air's director of information technology (IT) Dr Jassim Haji has assumed the role of the Middle East and North Africa (Mena) representative on the SITA Council. This follows a nomination by the Arab Air Carriers Organisation in

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Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs

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