Monday 22 September 2014
 
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Suez Canal revenue hits record $508m in August

Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday. The official Mena news agency quoted Mamish as saying that 20

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Falcon posts record turnover of $2.3bn

Leading alternative financier Falcon Group has recorded a turnover of $2.3 billion, surpassing its target of $2 billion for the financial year 2013-14. Its profits also increased to $52 million, up from $44 million in the previous

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Daman Funds pays record high dividend

Daman Investments, a UAE-based regional investment management company, has paid a record high dividend for the second quarter of the year. Daman Funds have upheld their longstanding reputation as the leading dividend-yielding fund

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Third hottest July recorded this year

Last month was Bahrain’s third hottest July since records began, with an average temperature of 35.7C. Only 2012 and 2010 had hotter Julys, with an average temperature of 36C and 35.8C respectively, said a report in the Gulf

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Bahrain urged to have clear agenda at UN talks

Bahrain needs to have a clear agenda when it faces a major UN rights meeting, a top official has said.   The kingdom's rights record is scheduled to come under scrutiny in September during the 27th session of

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Global bank profits surge to record $920bn

China's top banks accounted for almost one-third of a record $920 billion of profits made by the world's top 1,000 banks last year, showing their rise in power since the financial crisis, a survey showed on Monday. China&#

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Iraqi oil exports hit new record despite rebel attacks

Iraq's oil exports from its southern terminals are near record rates in June despite attacks by Sunni Islamist insurgents and their capture of swathes of territory in northwest and central Iraq, according to loading data and industry sources

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UN council praises Bahrain's rights record

The UN's Human Rights Council has praised Bahrain for taking "positive steps" in improving its human rights record.   Forty-six members of the council yesterday urged Bahrain to allow the Office of

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Almajdouie sets new logistics record

Almajdouie Logistics, a leading project logistics and supply chain company, said it has successfully transported the world’s  heaviest evaporator weighing 5,736.8 tons (gross weight during transportation) to the Yanbu 3 Desalination P

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Kuwait real estate sales hit new record

The real estate activity in Kuwait hit a new historic record in April breaking the KD400 million ($1.4 billion) sales mark for the second time in less than a year. Further confirming the strengthening of the market thus far in 201

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