Arab Islamic Bank has reported net profits (before taxes and zakat) $1.3 million, compared with a net loss of $1.7 million for 2010.
Total assets reached $300 million as of December 31st, 2011, compared to total assets of $285.7 million as of December 31st, 2010, an increase of five per cent.
Total liabilities reached $92.1 million at December 31st, 2011, compared to total liabilities of $90.7 million in 2010, an increase of 1.5 per cent.
Paid-in capital increased from $40.6 million on December 31st, 2010 to $47.6 million by December 31st, 2011, an increase of 17.1 per cent.
NBK: GCC outlook positive despite oil price drop
The fall in oil prices to below $100 per barrel over the past few weeks has triggered some concerns over the potential impact on the Gulf region’s economy, said a recent report from NBK.
Bahrain real GDP grows 3.9pc in 2012
Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report.
Ma’aden Wins Two Global Industry Awards
Ma’aden has earned international recognition from Forbes Middle East and MEED for being among the top companies in the region, as well as for its outstanding contribution to development of the mining
Qatar plans overseas energy investment fund
Three Qatari state-backed entities, including the nation's acquisitive sovereign wealth fund, are to establish a new overseas fund which will look to invest in energy infrastructure, a statement sai