29 Mar 2010
(MENAFN) The Chairman of the Arab Insurance Group (Arig) said that the Bahrain-based group earned a net profit of $21.9 million for last year, representing 8.6 percent average return on the company’s equity, Gulf Daily News reported.
He pointed out that economic forecasts for this year remain subdued, adding that industrial production and the consumption of natural resources globally is expected to stay below the built up capacity.
He noted that this will therefore take time for markets to exhaust current surplus and start generating growth at meaningful levels.
Performance of the economies in the current year will depend on how much governments are able to increase their spending in an effort to jump start their lagging economies, the group’s chairman said.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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