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- Egypt's Ahli United Bank doubles Q1 net
(Reuters) - Egypt's Ahli United Bank DIBK.CA, a subsidiary of Bahrain's Ahli United Bank AUBB.BH (AUBK.KW: Quote, Profile, Research), made net profit of 63.8 million Egyptian pounds ($11.9 million) in the first quarter of 2008, double that for the same
- Denmark denies theft charges
By GEOFFREY BEW DANISH officials yesterday hit back at allegations that their country stole some of Bahrain's ancient national treasures. Shura Council members Huda Nonoo and Faisal Fulad demanded artefacts discovered by Danish teams during expeditions
- Batelco snubs ME, eyes Africa, India assets
Bahrain Telecommunications Company (Batelco) said it is shifting its focus away from the Middle East - where assets are overpriced - to Africa, India and the Asia-Pacific region as part of a $4 billion acquisition drive.The former monopoly in the Gulf
- Denmark accused of stealing relics
By MOHAMMED AL A' ALI DENMARK was yesterday accused of stealing Bahrain's national treasures. A campaign to return artefacts allegedly stolen by Danish archaeological expeditions was launched by two Shura Council members yesterday. Huda Nonoo and Faisal
- ABC Brazil bank's profit grows 106%
So Paulo - Bank ABC Brazil, controlled by the Arab Banking Corporation, headquartered in Bahrain, posted net profit of 38 million reals (US$ 22.4 million) in the first quarter this year, growth of 106.4% in comparison with the same period of 2007,
- Investors Holding, Libya ready to set up $2b firm
(MENAFN - Bahrain Tribune) Kuwait's Investors Holding plans to set up a $2 billion investment firm with the Libyan government and offer half the new company to foreign investors, the company said yesterday.Investors has signed a memorandum of
- Shamil in Europe realty venture
Bahrain: 42 minutes ago Shamil Bank of Bahrain, Sharjah Islamic Bank and Swiss-based Faisal Private Bank have partnered to offer a EUR150m Sharia-compliant Central and Eastern European Real Estate Fund. The fund looks into income generating real estate
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Bahrain's small size and central location among Persian Gulf countries require it to play a delicate balancing act in foreign affairs among its larger neighbors. Possessing minimal oil reserves, Bahrain has turned to petroleum processing and refining, and has transformed itself into an international banking center. The new amir is pushing economic and political reforms, and has worked to improve relations with the Shi'a community. In 2001, the International Court of Justice awarded the Hawar Islands, long disputed with Qatar, to Bahrain.
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AFP - The Lebanese government conceded a key demand of the Hezbollah-led opposition on Wednesday for ending a week of sectarian bloodshed, formally rescinding two decisions against the Shiite militant group.
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