Wednesday 4 March 2015
 
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Cabinets demand to hit $64bn, up 5.5pc per year

The demand for cabinets worldwide is set to reach $64 billion in 2018, on advances of 5.5 per cent per year, according to a new study. ‘World Cabinets,’ the study from the Cleveland-based industry market research firm

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Liquidity Management Centre profits up 18pc

Liquidity Management Centre (LMC) has announced an 18 per cent increase in the net profit at $4.22 million for last year when compared with $3.57 million for 2013. This resulted in a return on capital equivalent to approximately e

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NFH profit increases 20pc to $2.6m

National Finance House (NFH), a Bahraini incorporated finance provider, has reported 20 per cent increase in net profit at BD1.01 million ($2.67 million) for last year as against BD841,200 in 2013. The company's total operatin

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ABC Islamic Bank profit up 23pc to 15m

ABC Islamic Bank has posted a net profit of $15.1 million last year, a 23 per cent increase as compared to $12.2 million recorded in 2013. The net profit for the fourth quarter was $3.6 million, 19 per cent higher than the same pe

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BNH net profit surges 27pc to $10m

Bahrain National Holding Company (BNH) has reported a 27 per cent increase in consolidated net profit at BD3.8 million ($10.08 million) for last year when compared with BD3 million in 2013. BNH chairman Farouk Almoayyed said the g

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Alubaf Arab International profit rises to $41m

Alubaf Arab International Bank has reported 11.1 per cent increase in net profit at $40.7 million for last year when compared with $36.6 million for 2013. The bank said it had seen another year of "sequentially successful and

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Qatar house rents up 20pc, ‘may stabilise amid demand’

Residential property rents in Qatar have increased 20 per cent over last year, but the oil price crash may help stabilise the market and prevent an unreasonable further hike, according to a report. The falling oil prices, however,

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Gulf Hotels Group posts $30m profit, up 7pc

Gulf Hotels Group (GHG) has reported a 7.24 per cent increase in net profit at BD11.28 million ($29.91 million) for last year. Chairman Farouk Almoayyed said the financial results indicate a considerable growth in business levels

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NFC-ready POS terminal shipments hit 9.5m units

The market for near field communication (NFC)-ready point of sale (POS) terminals has continued to show strong momentum last year, with annual shipments reaching an estimated 9.5 million units worldwide, according to a new research report.

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Oasis Capital reports net income of $13.2m

Oasis Capital, a Bahrain-based investment firm, has reported net income of $13.2 million for last year. The company said it was a significant increase over $400,000 in the prior year, reported the Gulf Daily News (GDN), o

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