Asian shares were set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic g
Asian shares hit a two-month high on Friday, catching some of Wall Street's shine after upbeat US price and jobless claims data calmed some concerns about the strength of the US economy.
Bahrain-based Venture Capital Bank (VCBank) has reported a net profit of $14.1 million for the year ended June 30 this year as against $14.6 million for the previous year and a return on net paid-up capital of 7.8 per cent. In a statement issu
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
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
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
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
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
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
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