Business Weekly

Business Weekly




American Express names veteran as group head

May 7 - 13, 2008
654 views

In a move to strengthen its commercial card (corporate products) business, American Express Middle East announced the appointment of Mark Turner as group head commercial products, Middle East and North Africa.





GFH net profit for first quarter up by 61 per cent

May 7 - 13, 2008
333 views

Gulf Finance House announced that it has made a formidable start to 2008 with a net profit of $116 million, which is an increase of 61 per cent as compared to Q1 of the previous year. This quarter's result has also exceeded the strong fourth quarter results of $108 million for 2007.





Benefits from new FTA may take time

May 7 - 13, 2008
379 views

Negotiations for a free trade agreement between the states of the Gulf Co-operation Council (GCC) and the European Free Trade Association (EFTA) have borne fruit.





Sakana increases paid-up capital to BD20 million

May 7 - 13, 2008
317 views

A buoyant real estate market, strong investor confidence and a growing demand for Islamic mortgage finance are behind Sakana Holistic Housing Solutions' significant increase in paid-up capital from BD12.5 million to reach BD20 million.





Shamil Bank launches new savings scheme

May 7 - 13, 2008
348 views

Shamil Bank, a leading Islamic bank in Bahrain and a wholly-owned subsidiary of Ithmaar Bank, has launched Shamil Jawaher - a new Sharia-compliant savings scheme, designed to offer returns that are higher than traditional savings schemes.





KHCB increases net income by 213 per cent

May 7 - 13, 2008
293 views

Khaleeji Commercial Bank (KHCB), one of Bahrain's leading Islamic banks, announced strong results for the first quarter of 2008.





Malaysia palm oil exports to Bahrain rise

May 7 - 13, 2008
408 views

Malaysian palm oil exports to Bahrain have reached 986 metric tonnes (MT) in 2007, according to latest reports from the Malaysian Palm Oil Council (MPOC).





BankMuscat unveils new identity

May 7 - 13, 2008
333 views

In line with its renewed impetus, Bahrain-based BankMuscat International (BMI) this week unveiled a refreshed brand name - BMI Bank BSC and accompanying corporate identity.





BisB invests in education with Iqra

May 7 - 13, 2008
769 views

In its constant pursuit to offer the ultimate banking services to its customers and to meet the development of their lifestyle, Bahrain Islamic Bank (BisB) has announced the launch of a new savings account called Iqra account.