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RAK Properties half-year revenues hit $57.4m

Leading property development firm RAK Properties has announced record half-year results, with revenues exceeding Dh211 million ($57.4 million). The reported half-year figures reveal an increase from Dh39 million ($10.6 million) to

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Hikma's H1 revenue hits $709m

Hikma Pharmaceuticals, the leading multinational pharmaceutical group, has reported a revenue of $709 million for the first half of the year, in line with expectations and strategic progress.   The firm has launc

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Sico posts $9m net profit for H1

Bahrain-based wholesale bank Securities & Investment Company (Sico) has reported its net profit for the first half of the year was BD3.5 million ($9.2 million). When compared with net profit of BD5.1 million for the first six

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Alba posts net income of $86m in H1

Alba's total sales for the first six months of this year were BD376.4 million ($1.001 billion) versus $1.018 billion in the corresponding period last year, on the back of higher premium partially offset by lo

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Israel pounds Gaza despite international peace efforts

Israel pounded targets across the Gaza Strip on Tuesday, saying no ceasefire was near as top US and UN diplomats pursued talks on halting fighting that has claimed more than 500 lives.  

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2,000 garment unit workers go on strike in Bahrain

Work at a Riffa garment factory ground to a halt yesterday as nearly 2,000 employees went on a strike over allegations of abuse, withheld payment and forced deportation.   The walk-out at MRS Fashions in Hajiyat

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Airbus sees orders down after record booking

Airbus said it expects the market for aircraft to cool and new orders to halve to 700 this year after years of strong demand from airlines took its order book to a record 3,600 planes. Toulouse-based Airbus, owned by European aerospace gro

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