Friday 25 July 2014
 
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BCFC net profit surges 13pc to $19.1m

Bahrain Commercial Facilities Company (BCFC), a consumer finance and insurance provider, has reported a 13 per cent rise in consolidated net profit at BD7.2 million ($19

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Ultra wealthy to spend more on luxury goods

The spending of ultra-high-net-worth individuals (UHNWIs) on luxury goods is set to increase globally this year, said a survey. The Wealth Report’s Attitudes Survey found that over a third of the wealth advisors expected the

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NBO posts flat Q4 profit, misses forecasts

National Bank of Oman (NBO), the sultanate's second-largest lender by assets, posted a flat fourth-quarter net profit, missing analysts' expectations. The lender made a net profit of RO10.2 million ($26.5 million) in the t

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ADCB net profit jumps 47pc in Q3

Abu Dhabi Commercial Bank (ADCB) reported a 47 per cent rise in third-quarter net profit on Wednesday, beating analysts' expectations, because of an increase in net interest income and lower provisions. The bank posted a net p

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KFH net profit up 21pc in Q2

Kuwait Finance House (KFH) , the Gulf state's biggest Islamic lender, reported a 21 per cent rise in second-quarter net profit on Tuesday, missing analysts' estimates. Net profit rose to 26.8 million Kuwaiti dinars ($94.2

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US bid to protect Net from controls

  A US and Canadian proposal to protect the Internet from new international regulation has failed to win prompt backing from other countries, setting up potentially tough negotiations to rewrite a telecom treaty. &nb

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45pc in UAE 'scared to use credit card online'

  About 45 per cent of credit card holders in the UAE prefer not to use their credit cards online fearing fraud, according to a recent study.   However, using credit cards online was far safer than

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Net will be omnipresent say experts

The commoditization of computer chips will lead to the omnipresence of the internet, with our clothes and walls being connected, experts predicted. This will not only create countless new communications channels, it will also produce an en

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Most UAE net users 'stay online for over 3 hours'

A majority of the Internet users in the UAE spend three hours or more online every day, according to a survey.  The survey on internet usage in the Middle East conducted by Bayt.com, a leading Middle East job site, and YouGov, a rese

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Net fraudsters target Bahrain bank

Fraudsters have targeted a bank in Bahrain in an attempt to gain the personal details of its account holders so they can steal their identities. They have been sending fake e-mails to Bank of Bahrain and Kuwait (BBK) customers claiming the

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