Archive for the ‘Economy & Business’ Category
Employment in Bahrain’s financial services industry grew by 1.5 percent during 2009, with a total of 14,137 people employed at end-2009 compared with 13,922 at end-2008.
The main driver of job growth was the non-bank financial sector (comprisi
The United Arab Emirates pledged its support for Dubai yesterday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached. The UAE finance minister said the federal government would support
Skyrocketing food prices worldwide are not the result of the recent global financial crisis but of global warming, according to a prominent local environmental expert. Delivering a lecture at the American University of Kuwait’s (AUK) auditorium yesterday,
Emirates Industrial Bank (EIB) yesterday announced net profit of Dh98.16 million during 2009 compared to Dh77.184m in the previous year – a growth of 27.18 per cent.
In the field of financing, the bank studied 34 industrial projects during the
Bahrain-based 2Connect has announced plans to expand its portfolio of products and services in the Saudi Arabian market.
Launching of its state-of-the-art managed information technology and related services through a branch office marks 2Conne
Most of the world’s petrochemicals capacity growth over the next six years would be concentrated in the Gulf mainly due to cheaper availability of feedstock and close proximity to the main Asian markets of India and China, Alpen Capital said in a report.
AXA Insurance Gulf saw growth in its commercial as well as personal property insurance premium in the UAE last year, compared to a year earlier, according to a top official of the company.
“In the UAE, the commercial property insurance premium
Quick thinking and timely measures put in place by the government helped Qatar’s financial institutions to weather the global economic storm and reignited confidence in the banking sector, according to Sheikh Abdullah Bin Saud Al Thani, the Governor of Qa
With an economy based on pumping oil and landmarks that include one of the Mideasts grandest mosques, Abu Dhabi has little obvious in common with freewheeling media magnets like Hollywood or midtown Manhattan.
This week, the emirate is hoping t
Despite the tightness of banks’ willingness and ability to lend, the GCC’s demand to tap the debt capital market remains dampened by market uncertainly.
Only a handful of quality financial institutions have tapped the DCM market in the past six
