The head of Bahrain's sovereign wealth fund quit over differences of strategy with the board, disappointed by its lack of deal-making as it focuses on reviving loss-making domestic assets, sources familiar with the matter said on Tuesday.
February 29, 2012 1:39
Bahraini Islamic lender Al Baraka Banking Group made a fourth-quarter net profit of $46 million, unchanged on the same period in 2010, the bank said in a statement on Thursday.
February 25, 2012 1:26
Bahrain Telecommunications Co's (Batelco) sale of its stake in Indian affiliate S Tel will help it achieve double-digit profit growth in 2012, the former monopoly said on Wednesday.
February 23, 2012 11:17
"Thank God Feb. 14 went fine to a great extent. There is hope that the political situation will be seen as stabilised to a great extent and agencies start increasing ratings," Abdulkarim Bucheery, chief executive officer of Bank of Bahrain, said at a meeting with reporters.
February 20, 2012 1:46