Friday 6 March 2015
 
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Gulf International Bank reports $85.6m income

Bahrain-based Gulf International Bank (GIB) has reported consolidated net income of $85.6 million for the year ended December 31, as against $121.5 million in 2013. The bank said its income in 2013 included two exceptional, one-of

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10pc world adult population to suffer from diabetes

An estimated 10 per cent of the world’s adult population, nearly 600 million people, will suffer from the diabetes epidemic by 2015, according to a recently report. The ‘Rising to the Challenge’ report, published

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Short-term outlook for oil set to remain bleak

There will be further short-term weakness in the price of crude oil, UBS Wealth Management's latest research has revealed. But it indicates that gains in the latter half of the year will take the price to between $67-72 per ba

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'Biased' rights report on Bahrain rapped

A report from an international human rights group criticising Bahrain's judiciary has been branded politically motivated and biased. The 635-page Human Rights Watch (HRW) World Report 2015, released yesterday (January 29), pro

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US torture report outlines catalogue of abuse

US officials have lost the right to criticise others now that their own grisly detention and interrogation methods have been exposed, according to Bahraini activists. Shocking revelations about the extent of the Central Intelligen

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World Cup bids investigator disputes Fifa report

Fifa cleared Russia and Qatar on Thursday of wrongdoing in their bids to host the World Cup, but the former US prosecutor who led the investigation by soccer's governing body said it had misrepresented his findings. A German j

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US universities produce the most billionaires

Twenty-five billionaires obtained their bachelor's degrees from the University of Pennsylvania, making it the top university in the world in terms of number of billionaire undergraduate alumni, according to this year’s Wealth-X and UBS

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GIB’s net income drops to $72.7m

Gulf International Bank (GIB) has reported consolidated net income after tax of $72.7 million for the nine months ended September 30 this year, compared with $101.5 million in the prior year period. The prior year income included

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Unified environment strategy for GCC planned

GCC representatives convened in Bahrain to discuss the creation of a national environmental report for each country. They are aiming to adopt a unified environmental strategy following a two-day workshop hosted by the Supreme Coun

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Bahrain on list of 'wasteful' countries

Bahrain is one of the most wasteful nations on earth, according to a new report from a leading wildlife conservation organisation. The World Wildlife Fund's (WWF) 2014 Living Planet Report, published recently, named Bahrain as

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