Tuesday 1 September 2015
 
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Oil markets extend gains after biggest daily climb in 6 years

Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies.   US crude are on track for their

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Asry upbeat as key strategy a success

Bahrain-based shipyard Asry, which netted revenues of $161 million from the repair of 193 vessels last year, is confident of efficiency-driven gains this year, despite challenging market conditions. According to chief executive Nils Kristian B

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Sico posts $9m net profit for H1

Bahrain-based wholesale bank Securities & Investment Company (Sico) has reported its net profit for the first half of the year was BD3.5 million ($9.2 million). When compared with net profit of BD5.1 million for the first six

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Oil prices fall on oversupply fears, outweigh China imports

Oil fell on Friday (May 8), erasing gains earlier in the session, as concerns over oversupply outweighed strong Chinese import figures. Benchmark Brent crude was at $65.42 per barrel at 0500 GMT, down 12 cents after hitting a sess

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Capital gains help double Jordan Ahli Bank's profits

Jordan Ahli Bank boosted net profit by 113 per cent to 34 million dinars ($48 million) last year due to capital gains from divesting its Lebanese subsidiary to a Lebanese bank, bank officials said. Net operating income, including

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Oil poised for biggest weekly gain in four years

Brent crude oil was on track for the biggest weekly rise since 2011 as fighting in Libya and stronger economic signals from the United States helped futures rebound from near six-year lows. Prices have rallied nearly 20 per cent o

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Gold shines in New Year; up 2pc

Gold futures jumped 2 percent on Thursday as bargain hunters resurfaced after prices plunged to a six-month low, but optimism over the global economic outlook and the imminent end of the US Federal Reserve's monetary stimulus could cap gains

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World shares soar to six-year high, Euro firm

World stocks hovered around a six-year high on Friday as the faith in an improving global economy and support from central banks drove markets towards a third straight month of gains. The Nikkei in Tokyo notched up its best Novemb

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Gold reverses losses ahead of US option expiry

Gold reversed earlier losses on Thursday as investors pulled bearish bets ahead of a Comex option expiry and awaited US jobs data later in the day to help gauge the outlook for the Federal Reserve's stimulus measures.    &nb

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Gold extends gains into 3rd session

Gold inched up on Tuesday, stretching its gains into a third straight session as buyers in China continued to snap up deals after bullion's plunge to a three-year low last week. Prices were also helped by short covering that k

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