Flip through the latest issue of Gulf Weekly.
THE_2008 Gulf Air Bahrain Grand Prix on April 4-5-6 will be the biggest sporting, social and business networking event in the Middle East when Formula One makes its fifth visit to the Middle East.
Kuwait Finance House (KFH), the leading Islamic bank in the region, was voted the Best Overall Islamic Bank in the World for the year 2007 at the most comprehensive Islamic Finance News annual poll.
Since its advent in 2004, the Bahrain Formula One Grand Prix has established itself on the international racing calendar.
Shamil Bank, a Bahrain-based Islamic bank and a wholly-owned subsidiary of Ithmaar Bank, announced a record net profit of $80.6 million for the year ended December 31, 2007, a 31 per cent surge from the $61.6 million earned the previous year.
Abu Dhabi Investment House (ADIH) chairman Jowa'an Awaidha Al Khaili announced a net profit of AED220 million (BD22.57 million) for the fiscal year 2007, which is 47 per cent higher than last year - distributing a cash dividend of 30 per cent (0.3 AED per share).
Global Finance, the well respected US magazine specialising in international finance, announced that it has awarded Ahli United Bank (AUB) the "Best Bank in the Middle East" award for 2008. AUB was also simultaneously awarded "Best Bank in Bahrain 2008".
Ithmaar Bank chairman Khalid Abdulla Janahi, has been appointed co-chair of the World Economic Forum on the Middle East 2008, which will be held in Sharm El-Sheikh, Egypt, from May 18 to 20.
