Ithmaar Bank, a Bahrain-based Islamic retail bank, expects to return to profitability this year, chief executive Ahmed Abdul Rahim said yesterday (March 31).
He said that efforts to turn the group around are paying off, as is evid
Total assets of 34 Bahrain-domiciled banks are estimated to have grown five per cent last year, suggesting the start of a new phase of sustainable growth and increasing profitability, found a new research.
According to The Bahrain
A majority (70 per cent) of airline CFOs and heads of cargo expect profits and air transport volumes to improve over the coming 12 months while input costs and yields remain stable, a report said.
With respect to recent past perfo
More than three quarters of business leaders believe that the search for short-term corporate profitability in the aftermath of the economic crisis has led to poor leadership decisions that damage business, according to a survey.
Seventy-three per cent of airline CFOs and cargo heads surveyed in April said they expect an increase in profits over the next 12 months as against a proportion of 56 per cent in January, a report said.
Respondents were also more
Bahrain hotels see rise in occupancy rates
Bahrain hotels reported an increase of 7 per cent in occupancy rates overall and by 4 per cent last November, said a report, adding that hotel room profitability has also go
Saudi banks have maintained relatively high profitability for 2012 in spite of high provisioning, said NCB Capital, a leading wealth manager and the kingdom’s largest asset manager, in its latest report on the Saudi banking sector.
Insurance profitability across top 30 conventional insurers in the GCC dropped over the last four years from 28 per cent in 2007 to 9 per cent in 2011, a report said.
Revamping operating models with profitability pillars prevents further d
GCC corporate banking profitability is on its way to recovering from the turmoil of the financial crisis, according to the latest report by the Boston Consulting Group (BCG).
According to the firm's recently released Corporate Banking