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
A workshop showing developers how to generate income from their applications on Windows 8.1 was organised by Microsoft Bahrain.
Held under the theme 'Building your first App on Windows 8.1', the two-day workshop introduced
Waha Capital, an Abu Dhabi-based investment firm, posted a near fourfold increase in its third-quarter profit as income from its portfolio companies increased sharply.
Waha posted a quarterly profit of 107.1 million dirhams ($29.2
Bahrain-based Al Baraka Banking Group (ABG) has reported an eight per cent increase in net income at $197 million for the first nine months of the year, when compared with the same period last year.
Total assets increased by 4 per
Citigroup posted weaker-than-expected third-quarter earnings on Tuesday as bond market trading volume dropped, hurting revenue at the No 3 US bank and across Wall Street.
The bank's bond trading revenue dropped 26 per cent, or