Thursday 28 August 2014
 
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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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Alert over surge in diabetes rate in Bahrain

Bahrain has one of the highest rates of diabetes prevalence in the world, said its Health Ministry. According to new figures released by the ministry yesterday (August 17), 15.4 per cent of Bahrainis aged over 20 suffer from diabetes, s

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Bahrain Works Ministry e-service sees rise in users

Bahrain’s Ministry of Works has revealed that the number of users for its 11 electronic services reached more than 10,000 during the first half of the year.   The services can be accessed through both the m

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Hamdan University to offer 20 scholarships

Dubai-based Hamdan Bin Mohammed Smart University (HBMSU) is set to award 20 scholarships to outstanding senior high school students.   The scholarships from Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown

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Gulf countries warned over militant threat

Gulf countries, including Bahrain, should be on high alert amid increasing fears of an extremist insurgency gaining access into the region, according to experts.   They say GCC forces should also be prepared to t

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High oil prices big boost for Bahrain's economy

High oil prices fuelled by the escalating crisis in Iraq could help drive down Bahrain's national debt.   Crude oil prices have been on the increase in recent weeks, with concerns over disruption in supply dr

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Oil hits 9-month high near $115 on Iraq turmoil

Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit oil supply from Opec's second-biggest producer.   Government forces battled Sunni militants for

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Oman plans measures to reduce drug prices

Oman’s Ministry of Health is set to introduce measures to reduce the prices of drugs for consumers in the Sultanate, which has recorded the highest pharmaceutical drug prices in the GCC region, said a report.  

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Ultra wealthy to spend more on luxury goods

The spending of ultra-high-net-worth individuals (UHNWIs) on luxury goods is set to increase globally this year, said a survey. The Wealth Report’s Attitudes Survey found that over a third of the wealth advisors expected the

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51pc Dubai car buyers 'dissatisfied' with price

About 51 per cent of car buyers in Dubai deem that the price they pay for their vehicles is ‘unreasonable,’ said a report. A car consumer poll by the Department of Economic Development in 2013 included feedback from 89

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