August 15th, 2018 | 0 commentsIthmaar Holding, a Bahrain-based financial institution, reported a net profit of $10.82 million for the six-month period ended June 30, 2018 as compared to a net loss of $1.59 million for the same period in 2017. Net profit attributable to equity holders for the six-month period was $4.85million, as compared to the $9.25 million net loss...
August 14th, 2018 | 0 commentsahrain-based GFH Financial Group (GFH) has reported a net profit attributable to shareholders of $72.5 million for the first half of the year representing a 16.7 per cent increase from $62.1 million in the first half of 2017. The Group reported a consolidated net profit of $73.4 million for the first six months of 2018, an increase of 12....
August 13th, 2018 | 0 commentsSolidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, has announced a net profit of BD1.16 million ($3.07 million) for the six month period ended June 30, 2018, compared to BD89,000 for the corresponding previous period, representing 1200% increase. For the second quarter o...
August 10th, 2018 | 0 commentsPassenger numbers at Bahrain International Airport (BIA) hit 728,614 in June, up 25.7 per cent compared to the same period last year, said a report. The significant growth comes on the back of an increase in the number of airlines operating out of BIA and the introduction of several new routes, said a report BNA, citing Bahrain Airport Co...
August 8th, 2018 | 0 commentsBahrain Duty Free Shop Complex (DUTYF) has registered a net profit of $12.3 million for the first half of the year mainly driven by the solid growth in sales. Impressed with the results, the company's board of directors has recommended distribution of 20 per cent dividend of the share capital share capital, equivalent to 5.3 US Cent per s...
August 7th, 2018 | 0 commentsPlus Rental, a leading vehicle rental company in Bahrain, has purchased a fleet of 25 Toyota Hiace vans from Ebrahim K Kanoo, authorised Toyota dealer in the kingdom, for use by top shipping company Aramex. Aramex station manager Omar Kamarand, Plus Rental managing director. Mahmood Al Khadhem received the fleet from Ebrahim K Kanoo execu...
August 1st, 2018 | 0 commentsGulf Air, Bahrain’s national carrier, yesterday celebrated the launch of its Boeing 787-9 Dreamliner double daily service to London. Marking the occasion, the airline hosted a celebratory event at the Arts Club in Mayfair, with guests including Ambassadors and members of the diplomatic corps in the UK, of countries served by Gulf Air, own...
July 31st, 2018 | 0 commentsWork on the water-park project in central Manama, Bahrain, is progressing at a steady pace with Phase One of the development set for completion late this year, reportedBNA, citing a senior official. The project is being developed by the Ministry of Works, Municipalities Affairs and Urban Planning on a 65,700-sq-m area, in co-operation wit...
July 30th, 2018 | 0 commentsahrain-based Sico, a leading regional asset manager, said that its net profit for the first half of 2018 increased by 19 per cent to BD2.5 million ($6.6 million) from BD2.1 million for the corresponding period of last year. Total operating income grew by 19 per cent to BD6 million from BD5.1 million a year earlier. Total operating expense...
July 27th, 2018 | 0 commentsThe value of Bahrain-origin exports reached BD561 million ($1.47 billion) during second quarter (Q2) of the year versus BD510 million for Q2 2017, marking a 10 per cent increase, said the Information & eGovernment Authority (iGA). The top ten countries account for 82 per cent of the exported national origin value and 18 per cent for o...
