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Naseej posts $12m income in 2012Bahrain-based Naseej, a fully-integrated real estate and infrastructure company, has reported total income of BD4.47 million ($11.85 million) for last year as against BD4.15 million in 2011. The company's total expenses decrea More… |
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Huawei's Mideast revenue up 18pc in 2012China's Huawei Technologies Co's Middle East revenue rose 18 percent to $2.08 billion in 2012 and the roll-out of 4G mobile networks and IT outsourcing will be among its main regional growth drivers, the firm said. The wor More… |
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LIC Bahrain sees 23pc premium growth in 2012Bahrain-based LIC (International), a subsidiary of LIC of India, collected a total premium of $126.11 million in 2012, reflecting a 23 per cent growth, said a top official. The company issued 9,801 policies in 2012 with sum assure More… |
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Bahrain real GDP grows 3.9pc in 2012Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report. Even as the oil sector shrank by around 8.5 per cent in 201 More… |
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Hansgrohe revenue rises 5.4pc to $1bn in 2012Germany’s Hansgrohe Group, a leading sanitary fittings manufacturer, has posted revenues of 805 million euros ($1.04 billion) in 2012 as against 764 million euros in 2011, marking a 5.4 per cent rise year on year. Revenues w More… |
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Emirates 2012 net profit surges 52 per centEmirates, Dubai's flagship carrier, reported a 52 percent rise in 2012 net profit on Thursday as the fast-growing airline increased its fleet size and added more passengers. Emirates, ranked fourth globally in terms of interna More… |
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DIFC Courts caseload up record 40pc in 2012The caseload handled by DIFC Courts, Dubai’s established English language, commercial common law judicial system, during the 12 months ending December 31, 2012 showed a record increase of 40 per cent year-on-year. The number More… |
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Noor Islamic posts $20.5m net profit for 2012Dubai-based Noor Islamic Bank delivered a strong performance in 2012 that has translated into a rise in profits of Dh26.4 million ($7.18 million) to Dh75.5 million ($20.54 million), year-on-year. Based on the significant progress More… |
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Container volumes at Bahrain port up record 40pcThe overall volume of containers handled soared by a record 40 per cent at Bahrain’s Khalifa Bin Salman Port (KBSP) during 2012, a report said. The figures were released as HRH Prime Minister Prince Khalifa bin Salman Al Kha More… |
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Bosch spark plug sales grow 7.5pc in MenaGerman-based Bosch, one of the leading international suppliers of automotive technology, recorded a sales growth of 7.5 per cent for its spark plugs in the Mena region during 2012. Guido Gring, vice president of Bosch Automotive A More… |
