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Bahrain boost as trade set to be streamlined

MANAMA: Bahrain is ready to enter into a new era of streamlined trade.

The kingdom, following the signing of the World Trade Organisation (WTO) Agreement on Trade Facilitation in December 2013 in Bali, is preparing to enter into a new trade bracket.

The Industry and Commerce Ministry, un...ReadMore

EDB signs key deals to boost Shenzhen ties

MANAMA: Three memoranda of understanding (MoU) were signed yesterday in Shenzhen as the Bahrain business delegation continues its tour of China's principal commercial centres.

Batelco net profit rises 11 per cent to $108.5m

MANAMA: Batelco Group yesterday reported a net profit of BD40.9 million ($108.5m) for the first nine months of this year, an 11 per cent increase over the BD36.7m posted in the same period last year.

Mentorship programme a success

MANAMA: Kuwait Finance House '“ Bahrain announced the successful completion of the ninth Annual Bahrain Sophia Antipolis Mentorship Programme upon the return of the participants from France.

iPhones are launched by VIVA Bahrain

MANAMA: VIVA Bahrain has launched iPhone 6 and iPhone 6 Plus, the biggest advancements in iPhone history.

Etihad offers concessions

BRUSSELS: Etihad Airways and struggling Italian carrier Alitalia have offered concessions in a bid to win European Union antitrust approval for the Abu Dhabi airline's plan to acquire 49 per cent of Alitalia.

BHB awarded full WFE membership

MANAMA: The general assembly and annual meeting of the World Federation of Exchanges (WFE) has approved to provide Bahrain Bourse (BHB) with a full membership status of the organisation during its 54th meeting at Seoul, South Korea.

CBQ's gains surge 79pc

DUBAI: Commercial Bank of Qatar (CBQ), the country's second-largest lender by assets, reported a forecast-beating 79 per cent rise in third-quarter profit yesterday, as income from loans, fees and its overseas units jumped.

Power issues to be probed

MANAMA: Challenges facing the electricity sector will be reviewed at a key conference next month.

Qatar tops GCC states in inflation rate index

MUSCAT: The annual inflation rates in the GCC region ranged between 1.06 per cent and 3.8pc by the end of August 2014, according to a report.

Key ratings boost for Al Baraka

MANAMA: Dagong Global Credit Rating Company Limited (Dagong) and Islamic International Rating Agency (IIRA) have jointly assessed the international scale credit rating of Al Baraka Banking Group (ABG) at 'BBB+/A3' (Triple B Plus / A Three).

Emaar's net profit rises 21per cent

DUBAI: Emaar Properties, the builder of the world's tallest tower, reported a 21 per cent rise in third-quarter net profit yesterday.

Don't panic says Opec chief

LONDON: There is no need to panic at the recent drop in oil prices, the secretary general of Opec said yesterday, saying low prices would curb competing supplies and require the group to pump far more by the end of the decade.

ABC net profit surges 11pc to $197 million

MANAMA: Arab Banking Corporation (ABC) yesterday announced that its consolidated group net profit for the first nine months of this year was $197 million, an increase of 11 per cent over the $178m for the same period last year.

Total CEO eyes more cost cuts

PARIS: French oil company Total's new chief executive will visit oil-rich countries to cement links with their leaders after the sudden death of his predecessor and will go ahead with cost cuts after falling oil prices squeezed third-quarter profits.

Etisalat net profit increases 22pc

DUBAI: Abu Dhabi-listed Etisalat reported a 22 per cent rise in third-quarter net profit yesterday as rising domestic income, lower taxes and the firm's takeover of Maroc Telecom bolstered its bottom line.

Top award for Juffair Heights

MANAMA: Bahrain's Juffair Heights project has won international acclaim for project developer Dadabhai Development and Property Management Company (DDPM) and its exclusive sales agent, Pegasus Real Estate.

Sukuk eyed

DUBAI: The Islamic unit of Bank Muscat , Oman's largest lender, plans to tap the Islamic bond market in the first quarter of next year, in what would be the first sukuk sale by a bank in the country, a bank official said yesterday.

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