Thursday 10 July 2014
 
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Bahrain banks' loans set to grow 10 pc

A spurt in industrial and commercial activity in the first half of the year suggests that bank lending in Bahrain is likely to grow at 10 per cent this year, reported the Gulf Daily News, our sister publication, citing a senior financial expert.

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Opec sees oil market balanced for rest of the year

Oil markets should be balanced during the second half of this year with extra production sufficient to meet growing demand, Opec said on Thursday, suggesting oil prices may be fairly stable despite worries over lost supply.  

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Marijuana plant grower jailed in Bahrain

A businessman has been jailed and fined for growing marijuana at his home in Bahrain.   The 24-year-old Bahraini was sentenced to 12 months behind bars and fined BD1,000 (2,624) by the High Criminal Court yesterd

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Global demand for cement to hit $21bn

The global demand for cement and concrete additives is projected to increase 9.3 per cent annually to $21.2 billion in 2017, said an expert.   Mike Richardson, an analyst, said: “Although growth in world ce

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Mideast mobile data traffic to grow 14-fold

The mobile data traffic in the Middle East and Africa (MEA) region is set to increase 14-fold by 2018, said a new Cisco study. The Cisco Visual Networking Index Global Mobile Data Traffic Forecast for 2013 to 2018 said that across

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Bancassurance set to grow ‘fastest’ in GCC

Bancassurance has been tipped as one of the fastest growing distribution channels of insurance in the GCC over the next two years, as a recent report estimates the insurance industry across the GCC will reach $37.5 billion by 2017.

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Ford Focus sales grows 16pc

The Ford Focus global registrations from January through September grew 16.1 per cent year-on year, according to statistics. The vehicle delivered an increase of 11 per cent total sales last year, with a 91 per cent growth in Bahr

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DP World container volume grows

DP World handled 55 million TEU (20-foot equivalent units) across its global portfolio of container terminals the last year, with gross container volumes growing by 0.7 per cent on the previous year. The second half of the year de

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GCC retail sales to grow 8pc

The retail sales in the GCC are projected to grow at an average annual rate of eight per cent during 2011-16 period to RO270 billion ($699.2 billion), said a report. "Food constitutes 50 per cent of total retail spending, whi

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Bahrain-UK trade ties set to grow

Trade between Bahrain and the UK is set to soar in the coming years, according to a top official. It is expected to increase significantly in the run-up to the 200th anniversary of diplomatic relations between both countries in 20

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