Friday 31 October 2014
 
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US universities produce the most billionaires

Twenty-five billionaires obtained their bachelor's degrees from the University of Pennsylvania, making it the top university in the world in terms of number of billionaire undergraduate alumni, according to this year’s Wealth-X and UBS

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GIB’s net income drops to $72.7m

Gulf International Bank (GIB) has reported consolidated net income after tax of $72.7 million for the nine months ended September 30 this year, compared with $101.5 million in the prior year period. The prior year income included

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Unified environment strategy for GCC planned

GCC representatives convened in Bahrain to discuss the creation of a national environmental report for each country. They are aiming to adopt a unified environmental strategy following a two-day workshop hosted by the Supreme Coun

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Bahrain on list of 'wasteful' countries

Bahrain is one of the most wasteful nations on earth, according to a new report from a leading wildlife conservation organisation. The World Wildlife Fund's (WWF) 2014 Living Planet Report, published recently, named Bahrain as

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Bahrain unveils watchdog rights report

Bahrain’s main rights watchdog opened up its records to share its annual report with envoys from around the world. The National Institution for Human Rights (NIHR) met a host of ambassadors at the Crowne Plaza Hotel in Manam

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Corporate, infrastructure sukuk issuance ‘likely to rise’

Corporate and infrastructure sukuk issuance is likely to rise over the next few years, despite the dip in issues over the past eight months compared to the same period last year, said Standard & Poor's Ratings Services report.

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80pc business users fail to detect phishing attacks

Phishing attacks continues to be an effective tactic for infiltrating enterprise networks, with 80 per cent of business users unable to detect scams, according to a recent report. The McAfee Labs Threats Report: August 2014 pointe

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Basel III revision 'to boost Islamic finance industry'

The Islamic Financial Services Board’s (IFSB) revised capital requirements for Bassel III could help strengthen the Islamic finance industry, according to a recent Standard & Poor's Ratings Services report. The repor

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Bahrain steps up Ebola alert after Saudi death

All visitors to Bahrain are being screened as they enter the country in a bid to prevent the spread of the deadly Ebola virus. The news follows the death of a Saudi man in Jeddah yesterday, who authorities suspect contracted Ebola durin

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Accident recorded every 6 minutes on Bahrain roads

Someone died on Bahrain's roads once every four days last year, with an accident reported about once every six minutes on average. The latest statistics from the General Directorate of Traffic show that a total of 95,965 accidents w

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