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Oil slides again as focus returns to heavy glut

Oil prices fell on Thursday, with US crude dipping below $40 per barrel, retreating from early gains amid a persistent global glut of crude and refined fuel.   Brent crude futures were down 20 cents at $43.94 a b

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Myanmar sailors stranded in Bahrain return home

Two sailors from Myanmar who were part of a 16-member crew of an oil tanker stranded in Bahraini waters since December left the country last night. Bahrain International Seafarers Society chairman Captain Ali Haji Hassan accompani

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Myanmar sailors stranded in Bahrain return home

Two sailors from Myanmar who were part of a 16-member crew of an oil tanker stranded in Bahraini waters since December left the country last night. Bahrain International Seafarers Society chairman Captain Ali Haji Hassan accompani

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14 Indian sailors stranded in Bahraini waters return home

Fourteen Indian sailors stranded on board an oil tanker in Bahraini waters since December finally left the country last night. They were among the 16-member crew of Mongolian vessel MT Surya Kuber, which was banned from leaving th

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Quake survivors return to Bahrain, recount ordeal

Horror stories of dead bodies, collapsed buildings and dozens of tremors were recounted by survivors of the Nepal earthquake, who returned to Bahrain last night. Thirty-seven people, including 20 Bahrainis, were reunited with fami

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Mashreq's gains surge 13pc as income increases

Mashreq, Dubai's third-biggest bank by assets, has posted a 13.2 per cent rise in first-quarter net profit as an increase in income from lending helped to offset a slight dip in returns from fees. It is the second bank in the

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Ithmaar Bank eyes return to profitability this year

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

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Mubadala GE plans benchmark-size bond as soon as April

Mubadala GE Capital is considering a return to the bond market as early as April as it seeks cash to fuel its lending business, sources aware of the matter said on Thursday, joining a growing number of Gulf-based borrowers looking at new fundrai

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Equities 'set to deliver highest gains this year'

Equities are expected to have the highest total return this year in global and local markets, according to the CFA Institute's Middle East Market Sentiment Survey. Debt and Sharia-compliant issuances as well as mergers and acq

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Diplomats recalled from Qatar ‘could return’: minister

Diplomats from Bahrain, Saudi Arabia and the UAE who were recalled from Qatar in March could return 'at any time', according to Bahrain’s Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa. The three countries with

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