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
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
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.
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
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
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
Arab Ship Building & Repair Yard (Asry) achieved a record operating income of more than $50 million in the first quarter of this year.
Net operating income during the first three months of this year reached $51.416 million, an increas
Kuwait Projects Company (Kipco), the country's biggest investment company, posted on Saturday first-quarter net profit of KD30 million ($113 million), helped by strong performance of its core operating companies.
Kipco made profit of KD15
Bahrain-based BankMuscat International (BMI) on Wednesday announced a net profit of BD1.6 million ($4.2 million) for the first quarter ended 31 March 2008, posting an increase of 24 per cent when compared to last year.
The bank had recorde