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Insurance CFOs ‘positive on increasing profitability’More than half of the chief financial officers (CFOs) of 15 GCC insurers expect the growth in their company's operating profit to be moderate or high, said Moody's Investors Service in a new report. Although Moody's sh More… |
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Alitalia aims for profitability by 2017Alitalia, Italy's national carrier in which Etihad Airways holds stake, said it was looking to reach profitability by 2017, confirming that its three-year business plan was on track. Briefing 2,000 employees at a special meeting in More… |
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GFH net profit soars 140pc to $6mGFH Financial Group said its financial results for the first quarter of this year showed another period of strong profitability and continued progress in the strengthening of its operating platform and financial position. GFH repo More… |
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Ithmaar Bank eyes return to profitability this yearIthmaar Bank, a Bahrain-based Islamic retail bank, expects to return to profitability this year, chief executive Ahmed Abdul Rahim said yesterday (March 31). He said that efforts to turn the group around are paying off, as is evid More… |
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Bahrain banks' assets increase 5pcTotal assets of 34 Bahrain-domiciled banks are estimated to have grown five per cent last year, suggesting the start of a new phase of sustainable growth and increasing profitability, found a new research. According to The Bahrain More… |
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Airline chiefs see bigger profits in 2014A majority (70 per cent) of airline CFOs and heads of cargo expect profits and air transport volumes to improve over the coming 12 months while input costs and yields remain stable, a report said. With respect to recent past perfo More… |
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Short-term goals ‘bad for business’More than three quarters of business leaders believe that the search for short-term corporate profitability in the aftermath of the economic crisis has led to poor leadership decisions that damage business, according to a survey. More… |
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Airline business confidence improves in AprilSeventy-three per cent of airline CFOs and cargo heads surveyed in April said they expect an increase in profits over the next 12 months as against a proportion of 56 per cent in January, a report said. Respondents were also more More… |
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Bahrain hotels see rise in occupancy ratesBahrain hotels see rise in occupancy rates Manama Bahrain hotels reported an increase of 7 per cent in occupancy rates overall and by 4 per cent last November, said a report, adding that hotel room profitability has also go More… |
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Saudi banks profitable despite high provisioningSaudi banks have maintained relatively high profitability for 2012 in spite of high provisioning, said NCB Capital, a leading wealth manager and the kingdom’s largest asset manager, in its latest report on the Saudi banking sector. More… |
