Thursday 3 September 2015
 
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2015

Banks lead H1 earnings growth in Kuwait

Kuwait’s banking sector recorded a solid growth of 13 per cent during the first half (H1) of the year, benefiting from an improving operating environment and healthy growth in credit, a report said. With such results, bank p

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Topaz Energy H1 profit plunges 114pc

Topaz Energy and Marine, a leading offshore support vessel company, posted a net loss of $3.1 million in the first six months (H1) of the year as against a profit of $21.9 million during H1 2014, a fall of 114.2 per cent. The comp

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Topaz Energy H1 profit plunges 114pc

Topaz Energy and Marine, a leading offshore support vessel company, posted a net loss of $3.1 million in the first six months (H1) of the year as against a profit of $21.9 million during H1 2014, a fall of 114.2 per cent. The comp

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Adnic swings to $81m loss in H1

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh299 million ($81.3 million) for the first half of 2015 compared to a net profit of Dh104 million for the same period in 2014. For the six month period ended

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Iraq local wheat production at 3.25m tonnes in 2015

Iraq's local wheat harvest fell to 3.25 million tonnes in 2015 from 3.4 million last year as the country strives for self-sufficiency, the Iraqi Grain Board said in a statement on Wednesday. “Local wheat production cover

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DIP attracts 436 new companies

Dubai Investments Park (DIP), an integrated residential, commercial and industrial community in the Middle East and wholly-owned by Dubai Investments (DI), has attracted 436 new companies in the first five months of 2015. The addi

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Shaky start for global economy in second half

The global economy started the second half of the year on shaky ground with China's factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although US activity picked up

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Ontime launches new Diesel watch collection in Kuwait

Ontime, a leading dealer of several top watch brands, has launched the new Diesel 2015 collection in its stores across Kuwait. Through the Stronghold collection, Diesel commemorates its lineage and launches a collection that showc

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New Dodge Charger unveiled in Bahrain

The new Dodge Charger 2015 was unveiled in Bahrain yesterday (March 1) by distributor Behbehani Brothers. The launch ceremony was held at the dealer's showroom in Sitra and was attended by Behbehani Brothers general manager Pe

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Bapco predicts tough 2015, with plummeting oil prices

Plummeting oil prices may affect Bahrain's decision on whether to expand its only oil refinery next year, a senior oil executive said. He also predicted that growing refining capacity in the region would also squeeze product m

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