Alba's total sales for the first six months of this year were BD376.4 million ($1.001 billion) versus $1.018 billion in the corresponding period last year, on the back of higher premium partially offset by lo
Morgan Stanley's second-quarter income more than doubled, helped by rising revenue in its retail brokerage business as it won more assets to manage from clients without adding brokers, the investment bank said yesterday.
Saudi Hollandi Bank posted a 28.1 per cent increase in second-quarter net profit on Sunday, boosted by higher operating income.
The kingdom's oldest bank and its seventh-largest listed lender by assets made a net profit of 480
Gulf International Bank (GIB) reported consolidated net income after tax of $29.1 million for the first quarter of this year, a 9.8 per cent increase over the same period last year.
Total income at $67.1 million was $3 million or
Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, tripled its total comprehensive income in 2013 to Dh5.3 billion ($1.44 billion), compared to Dh 1.6 billion in 2012.
Citigroup posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high.
First-quarter adjusted net income
Low-income families in Bahrain who are unable to pay their power bills could benefit from additional government support.
The government already subsidises two-thirds of the cost of power, but is prepared to hel
Hundreds of low-income families across Bahrain could lose their only source of income as a result of new rules governing home businesses.
People can no longer modify their houses for such purposes if they are n