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Business
SICO playing major role
Manama, April 19 (BNA) -- Bahrain-based Securities and Investment Company (SICO) has maintained its leading position as the most active broker on the Bahrain Bourse both in terms of volume and value for the 12th consecutive year. The firm executed a total number of 9,511 transactions, which was equal to 24.2 per cent of the total transactions completed on the Bahrain Bourse for 2010 and which represented a total trade volume of 551 million shares representing 45pc of total market volume.
2011/04/19 More
Business as Usual in ASRY
Manama, April 18 (BNA)--As Bahrain returns to normality after the recent unrest, many Companies in Bahrain affected by the disturbances are now regaining business following the government’s measures to restore calm and peace in the country.
2011/04/18 More
Ahli United Bank Reports An 18% Rise In Q1/2011 Profit To US $ 77.3 Million
Manama, April. 18 (BNA) -- Ahli United Bank B.S.C (AUB) reported a net profit attributable to its equity shareholders of US$ 77.3 million for the quarter ended 31 March 2011, a 17.7% increase over the same period in 2010 ( Q1/2010: US$ 65.7 million). The resultant Earnings per Share were US 1.6 cents, compared to US 1.3 cents achieved in Q1/2010. The result also represents a 20.0% improvement over the Q/4-2010 trailing quarter reported profit of US$64.4 million.
2011/04/18 More
BBK registers net profit of $31m in first quarter
Manama, April 18 (BNA) -- The continuous success of Bahrain-based BBK is a sign of the strength of the kingdom's financial system, according to the bank's chief executive A Karim Bucheery. He was speaking after the bank posted a net profit of BD11.7 million ($31.04m) for the first quarter of this year against BD12.5m for the same period last year.
2011/04/18 More
Arab Banking Corporation (ABC) announces $48 million profit for first quarter
Manama, April. 18 (BNA) -- Arab Banking Corporation (ABC) announced that its consolidated Group net profit for the first quarter of 2011 was $48 million, 17% higher than the first quarter of last year. This excellent result has been achieved despite the adverse impact of recent events in the MENA region, demonstrating the resilience and diversification of the ABC franchise. Total revenues amounted to $197 million, well above the $170 million generated in the first quarter of last year.
2011/04/18 More
Islamic finance industry 'on steady growth path'
Manama, April 18 (BNA) -- The Islamic finance industry has been on a steady and consistent growth pattern for a number of years now, which has led to a wealth of options and opportunities for the investor. That was the message from Bahrain Financial Exchange chief business officer Craig Hewett to delegates at the Middle East Islamic Finance and Investment conference in Dubai.
2011/04/18 More
"Bahrain is stronger than ever before," says HRH Premier
Manama, April 17 (BNA) "Protecting the economic interests and preserving national ones are intertwined. Traders and businessmen are an essential part of the national texture," His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa said as he received at Gudaibiya Palace today a delegation of businessmen and traders who renewed their loyalty to the leadership and backing of all measures taken to boost the kingdom’s security and stability.
2011/04/17 More
Tamkeen Launches ICT Finance Scheme
Manama, April 17. (BNA) -- With an initiative to enable Bahraini private sector enterprises especially the small and medium enterprises (SMEs) to achieve greater competitiveness and operational efficiency through adoption of the latest Information and Communication Technology (ICT) solutions, Tamkeen announces the launch of the ICT Finance Scheme.
2011/04/17 More
World Bank president warns on high food prices
Washington, April. 17 (BNA) -- The IMF and World Bank chiefs warned that high food prices and joblessness remain dangerous barriers to the world’s economic and social stability despite global macroeconomic gains.
2011/04/17 More
Energy captial group prepares for further investments captialising on growth of MENA energy services sector
Manama, April 17 (BNA) -- Energy Capital Group ("ECG"), a private global investment firm focused on energy and energy-related corporate investments, today announced plans to pursue further investments in the global energy services sector in order to capitalise on growth in global energy demand and the resulting need for significantly raised levels of production and added capacity, much of which will come from the Middle East and North Africa (MENA) region.
2011/04/17 More