Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation.
Al Baraka Bank Egypt, a subsidiary of Al Baraka Banking Group (ABG) and its investment arm in Egypt, registered 101 per cent increase in net income for the first quarter of 2016 compared with the same period last year, reported the Gulf Dail
Bank of Sharjah has posted a net profit of Dh250 million for the year ending December 31, 2015 as against Dh286 million for the previous year, marking a decline of 13 per cent.
Operating income stood at Dh833 million for the year,
Austerity measures adopted in the face of low oil income are estimated to save Bahrain’s government BD813.8 million ($2.14 billion) by the end of 2018, according to Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa in a report in the
Demand for high-quality fixed income assets will remain insatiable this year, as long as oil prices and interest rates stay low, according to a recent review.
This was the outlook of Bahrain-based Securities an
Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported an increase in total income and operating income from its core retail banking operations last year.
The improved performance was impacted by recog
Zain Saudi Arabia (Zain KSA) posted record financial results for the year ended December 31, 2015, reaching EBIT breakeven in two consecutive quarters during the year.
The company's revenues grew by 9 per cent year-on-year (Yo
Gulf International Bank has posted a net income after tax of $90.4 million for 2015, compared to $85.6 million in the prior year, representing a 5.6 per cent year-on-year increase.
Total income at $308 million was $50.4 million or
Kuwait Projects Co (Kipco), a leading investment company, will meet fixed-income investors from March 1 in preparation for a potential dollar bond issue, a document from lead arrangers showed.
The company, whic
Bahrain Islamic Bank (BisB) has posted an increase of 105 per cent in net income for the first six months of the year at BD8.2 million ($21.75 million), compared with BD4 million for the same period last year, said a report in the Gulf