Sunday 19 April 2015

Conflict resolution in Mena family businesses 'vital'

Potential feuds and disputes between family members can result in the disruption or collapse of a business, an expert has warned. According to Saudi Arabia-based EY Mena Family Business Centre of Excellence leader Loutfi Echhade, conflict and issues over succession are two of the


Bahrain to benefit from $1bn spending bonanza

Bahrain is set to benefit from a spending bonanza over the Formula One weekend with an estimated $1 billion flooding the economy. In an exclusive interview with the Gulf Daily News (GDN), our sister publication, Bahrain International Circuit (BIC) chief executive Shaikh


Budget talks 'may be held this week' in Bahrain

A meeting on the budget for 2015 and 2016, which has yet to be announced, could potentially take place this week in Bahrain. Information Affairs Minister and official government spokesman Isa Al Hammadi told a press conference after the weekly Cabinet session yesterday that talks


Samba Q1 net profit up 3pc

Samba Financial Group, Saudi Arabia's third-largest bank by assets, posted a 3.1 per cent rise in its first-quarter net profit, according to a bourse statement on Monday, ahead of analyst forecasts. The bank said it made SR1.28 billion ($341.3 million) in the three months end


UAE Islamic insurers mull merger as tight rules bite

Several Islamic insurers in the UAE are seeking guidance from the UAE Insurance Authority on the possibility of mergers and acquisitions in the sector, Ibrahim Al Zaabi, the director-general of the authority, told Reuters on Monday. Talks are at an early stage, he said on the sid


Saudi's Al Rajhi Bank posts 11 pc quarterly profit drop

Al Rajhi Bank, Saudi Arabia's second-largest lender, posted an 11 per cent drop in its first-quarter net profit, it said on Monday, missing analyst forecasts. The bank made 1.52 billion riyals ($405.3 million) in the three months ending March 31, compared with 1.71 billion ri


UAE to host green economy conference in Dubai

UAE is set to host the sixth edition of the Green Economy Annual Conference under the title ‘National Roundtable of Financing and Investing in Green Economy Projects’ on May 25 in Dubai. It is being organised by the Ministry of Environment and Water, in co-operation w


Bahrain’s business leaders discuss opportunities, challenges

Leading minds from Bahrain’s business fraternity met to discuss the opportunities, challenges and necessary initiatives required to give impetus to the kingdom’s growing economy at an event organised by Falak Consulting recently. Its first quarterly ‘FC Power Lu


400 takaful leaders convene at Dubai conference

More than 400 international Islamic insurance industry leaders have gathered Dubai, UAE at the most influential gathering of international leaders in the takaful industry . The two-day World Takaful Conference (WTC 2015), being held at the Dusit Thani Hotel, will conclude tomorro


Gulf International Services Q1 profit up 89pc

Qatar's Gulf International Services reported an 89 per cent rise in first-quarter profit on Monday. The firm, which has interests in insurance, aviation, oil and gas and catering, made a profit of QR355.7 million ($97.71 million) in the three months to March 31, according to

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