24x7 News » May 29th, 2011 News Article posted on “May, 2011”

Man Group reports profits of $324m for 2010

Man logo

Man Group on Sunday reported the statutory profit, before tax, of $324 million (2010: $541 million), ahead of pre-close estimate of $280 million after strong investment performance in the last week of March and an adjustment to the GLG acquisition [...]

May 29th, 2011 | Posted in Banking & Finance | Read More »

Bahrain plays a lead role in developing the modern Islamic finance industry: Central Bank official

Alchaar

The Kingdom of Bahrain has pioneered the modern Islamic finance industry in the region, as the history of Islamic finance goes back to more than 40 years, according to a senior central bank official. “We have continued to play a [...]

May 29th, 2011 | Posted in Banking & Finance | Read More »

Bahrain may introduce VAT or corporate tax

bahrain-wtc-world-trade-center

The Kingdom of Bahrain with a revised GDP forecast of 3% in 2011, the lowest in the GCC, is likely to introduce tax in efforts to minimize the impact of the recent crisis, according to a report. “We cannot rule [...]

May 29th, 2011 | Posted in Headline | Read More »

Zain Bahrain unveils BlackBerry PlayBook offer

PlayBook-image

The telecoms company with a rich track-record of BlackBerry product introductions has announced that the exciting BlackBerry PlayBook is now available at its Zain Experience Shops throughout Bahrain at very competitive prices, attractive low monthly installment purchase plans and direct [...]

May 29th, 2011 | Posted in Telecom,Zain | Read More »

Batelco launches Motorola XOOM

Motorola XOOM Device

Batelco, Bahrain’s leading telecommunications provider, has announced the arrival of the innovative Motorola XOOM, making it the first telco in the Kingdom to launch the exciting tablet from Motorola. The XOOM is the first device on Google’s new Android 3.0 [...]

May 29th, 2011 | Posted in Batelco,Telecom | Read More »

Batelco Introduces the first daily SimSim Data service

As part of its ongoing efforts to meet the advanced and ever changing demands of its customers in all sectors, Batelco – the Kingdom’s leading telecommunications provider – is delighted to announce the introduction of a daily data service for [...]

May 29th, 2011 | Posted in Batelco,Telecom | Read More »

GCC eyes rapid shift from consumer-intensive economies to a sustainable one: Expert

Omar Al Juraifani

The GCC governments are weighing various alternatives to carryout radical transformation from the consumer-intensive economies into sustainable growth in line with the changing global trends, according to an expert. This initiative aimed at reducing reliance on natural resources, such as [...]

May 29th, 2011 | Posted in Headline | Read More »

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