Wednesday 20 August 2014

UAE's Al Noor profit jumps on outpatient treatments

Al Noor Hospitals reported a 79 per cent jump in first-half net profit, as the UAE healthcare firm treated more out-patients. Net profit rose to $44.5 million on revenue up 25 per cent to $224.8 million, the company said on Tuesday. Al Noor added 31 physicians during the first


Retail to drive Saudi online market to $13bn

Saudi Arabia’s e-commerce market will reach $13.3 billion in 2015, a report said, adding that the Kingdom's online retail is expected to account for up to eight per cent of its total retail market. Arabic is the main language in Saudi Arabia’s e-commerce market, w


UAE tops non-financial sector issuance in GCC

The UAE topped the large increase in issuance by the GCC’s non-financial sector, which accounted for $8 billion, even  the debt markets saw a rebound in growth in the second quarter of the year. The exceptional non-financial sector activity carried GCC issuance to its


Al Etihad Credit to issue consumer credit reports

Al Etihad Credit Bureau is set to issue consumer credit report to financial institutions which have submitted historical credit data to the bureau, from the beginning of September. The credit reports will include records about consumers’ debt levels, financial obligations,


Bahrain cbank’s short-term bond oversubscribed 315pc

The Central Bank of Bahrain (CBB) has said its monthly issue of short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed 315 per cent. The subscriptions worth BD63 million ($166.1 million) were received for the BD20 million issue, which carries a maturity of 182

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