Bahrain central bank governor Rasheed al-Maraj is very confident about economic fundamentals of Gulf Arab countries and it is premature to talk about how the planned Gulf single currency will be pegged, he said on Monday. The global economic crisis has...
Bahrain's national carrier Gulf Air hopes to save almost $3 billion over five years as the struggling airline restructures to compete in the Gulf region's increasingly cutthroat aviation market, the company's chief executive said Monday. The airline, which is fully-owned...
Manama :: Bahrain
| updated Sun Nov 15 21:48:12 -0800 2009
| business-news
Weapons Upgrade at the Dubai Air Show Published: November 16, 2009 In past years, the Dubai Air Show has been mainly about commercial aviation. But the 2007 show drew 7,700 military visitors among the 45,400 people who attended, including 38...
Manama :: Bahrain
| updated Sat Nov 14 23:04:38 -0800 2009
| business-news
connection, harmony, equality and prosperity. "We are trying to develop connections with chamber members and non-members, as well as consultative and legislative members," Mr Al A'ali told the GDN. "We are trying to focus on enhancing the information resources for...
Ahli United Bank (AUB) reported a net profit of $183.7 million for the first nine months of this year, compared to $280.1m in the same period last year. The net profit for the third quarter was $40.1m compared to $68.4m....
The regional asset management industry has robust growth potential despite challenges of new market dynamics. Fund Forum Middle East, which will be held in Bahrain from tomorrow to Thursday. "The impact of the global financial crisis has been widely acknowledged....
Bahrain-based Islamic investment bank Capivest has announced the successful exit of its Optimum Fund, rewarding its investors with 100 per cent of their invested capital and a profit of 10pc. "The successful exit of the Optimum Fund, which comprised of...
Published: November 30, 2009 The investments were supposed to be blessed, and the bankers were desperately looking for more people to bless them. It was about two years ago, and I was in Dubai to cover an investment conference at...
All these companies have nothing to do with Sobha (Developers) in terms of ownership," chairman PNC Menon told Reuters over phone from Bangalore. He, however, said he personally owns stakes in Middle Eastern companies with other partners and has operations...
One step away for Bahrain to finally approve GCC common currency after the upper house gave the green light for the action on Wednesday. The bylaw of the GCC common currency is only awaiting the endorsement of its draft law...
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