Thursday 17 April 2014
 
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income

Citigroup's net income surges to $4.5bn

Citigroup posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high. First-quarter adjusted net income

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New help for Bahraini low-income families

Low-income families in Bahrain who are unable to pay their power bills could benefit from additional government support.   The government already subsidises two-thirds of the cost of power, but is prepared to hel

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New rules threat to home businesses in Bahrain

Hundreds of low-income families across Bahrain could lose their only source of income as a result of new rules governing home businesses.   People can no longer modify their houses for such purposes if they are n

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Microsoft gives tips on generating income from apps

A workshop showing developers how to generate income from their applications on Windows 8.1 was organised by Microsoft Bahrain. Held under the theme 'Building your first App on Windows 8.1', the two-day workshop introduced

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Waha Capital Q3 profit soars

Waha Capital, an Abu Dhabi-based investment firm, posted a near fourfold increase in its third-quarter profit as income from its portfolio companies increased sharply. Waha posted a quarterly profit of 107.1 million dirhams ($29.2

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Al Baraka net income surges 8pc to $197m

Bahrain-based Al Baraka Banking Group (ABG) has reported an eight per cent increase in net income at $197 million for the first nine months of the year, when compared with the same period last year. Total assets increased by 4 per

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Citigroup results hit by bond trading slowdown

Citigroup posted weaker-than-expected third-quarter earnings on Tuesday as bond market trading volume dropped, hurting revenue at the No 3 US bank and across Wall Street. The bank's bond trading revenue dropped 26 per cent, or

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Oman’s tourism income crosses $1bn mark

Oman’s tourism receipts touched $1.09 billion in 2012 putting the sultanate’s share in the Middle East international tourism income at 2.3 per cent, said a report. The sultanate's income in 2011 was $996 million, s

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Alba’s net income drops 42 per cent in Q2

Aluminium Bahrain (Alba) has posted a net income BD20.7 million ($55 million) for the second quarter of the year, a drop of 42 per cent from BD35.6 million of Q2 2012, driven by unrealised derivative gains as well as lower metal prices.

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Naseej posts $12m income in 2012

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

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