Business Weekly

Business Weekly




GPIC profit soars

February 6 - 12, 2008
494 views

The Gulf Petrochemical Industries Company (GPIC) continued its increase of profit for the fourth successive year to make $201 million in net profit last year, an increase of more than 24 per cent.





Predictably, no surprises from Opec

February 6 - 12, 2008
442 views

At a time when oil is playing around the $100 mark, Opec, rather than boosting output, is considering whether or not to deploy production curbs next month to defend prices against a drop in demand should recession bite in the US.





Record-breaking year

February 6 - 12, 2008
452 views

Batelco chairman Shaikh Hamad bin Abdulla Al Khalifa reiterated Batelco's commitment to growth and innovation as he announced a record breaking set of full year results at a board meeting held this week at the company's Hamala headquarters.





BisB 'best Islamic bank'

February 6 - 12, 2008
563 views

Bahrain Islamic Bank (BisB), the flagship of Islamic banking in Bahrain, was voted as the Best Islamic Bank in Bahrain for the year 2007 at the most comprehensive Islamic Finance News annual Poll.





Arab world to fuel global air traffic growth

February 6 - 12, 2008
425 views

Aviation traffic in the Arab region recorded the highest growth in the world in 2006 at 12.2 per cent, three times higher than the average global figure.





Reef names new CEO

February 6 - 12, 2008
538 views

Reef - Real Estate Finance company announced that Mahmood Al Koofi, below, has been appointed chief executive officer of the company.