Hot News Headlines

EDB seeking to boost South Korea trade ties

MANAMA: The Economic Development Board (EDB) is hosting a delegation of South Korean journalists from various high profile publications including financial ones to promote investment opportunities with Seoul.

It includes publications, such as JoongAng Ilbo, Maeil Business Newspaper, and The Kore...ReadMore

NBB's net profit surges 12.1pc to $44.2 million

MANAMA: NBB posted a 12.1 per cent increase in net profit at BD16.62 million ($44.20m) for the first quarter of the year, compared with BD14.83m for the corresponding period of the previous year.

Kalaam Telecom acquires Lightspeed in key deal

MANAMA: Kalaam Telecom yesterday announced the acquisition of Lightspeed Communications, a subsidiary of Jordan Telecommunications, in what sources described as a multi-million dollar deal.

BIBF standards are praised

MANAMA: Bahrain Institute of Banking and Finance (BIBF) officials discussed opportunities for improved support from UK-based universities with the Lord Mayor of London during her visit to the institute.

HSBC-Gulf Air renew deal

MANAMA: HSBC Bahrain and Gulf Air have renewed their agreement to provide customers with an enhanced, value-added travel experience through a joint promotion.

Business solutions in focus

MANAMA: Oracle in partnership with Hilal Computers yesterday organised a seminar for enterprise and networking solutions customers, channel partners and resellers.

Bank wins honours for retail

MANAMA: Standard Chartered has been named as the 'Best Retail Bank in Bahrain' by The Asian Banker as part of its 2014 International Excellence in Retail Financial Services programme, it said yesterday.

Kuwait set to award $4bn oil contract

KUWAIT CITY: Kuwait plans to award a 1.2 billion dinar ($4.3bn) contract later this year for the first phase of a project to produce heavy oil at its northern Ratqa field, the head of state-owned Kuwait Oil Company (KOC) said.

Pegasus to start flights

MANAMA: Turkish low-cost air carrier Pegasus Airlines has announced it will launch scheduled flights between Istanbul and Bahrain.

Airline eyes flights from new hub

RAS AL KHAIMAH: Air Arabia, the UAE's only publicly listed airline, will begin flying from the Ras Al Khaimah (RAK) starting May 6, taking over from RAK Airways which suspended operations earlier this year.

Sukuk issue a success

MANAMA: The monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has received subscription to the tune of 325 per cent, the Central Bank of Bahrain announced yesterday.

Key Gulf Hotel role for Kassir

MANAMA: Gulf Hotel Bahrain has announced the appointment of Zaher Kassir as director of business development and strategy as a part of the executive management team.

Samba profit rises 7pc to $331 million

DUBAI: Samba Financial Group, Saudi Arabia's third-largest bank by market value, posted a 7.1 per cent rise in first-quarter net profit yesterday, beating analyst forecasts as operating expenses fell.

Etihad boost as revenues rise 23pc

DUBAI: Etihad Airways, in talks on the potential purchase of a stake in struggling Italian carrier Alitalia, said its revenue from codesharing and equity partnerships rose 23 per cent in the first quarter of this year.

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