After deducting all operating expenses, net operating income amounted $116 million in first quarter of 2013, which represents an increase of 18 per cent compared to the net operating income during the first quarter of 2012. The net income amounted to $66 million in first quarter of 2013 compared to $57 million in first quarter of 2012. This increase was achieved despite increases in operating expenses on account of further expansion in the branch network and enhancements in IT infrastructure and Read more [...]

The Bahraini kingdom has been doing its best to suppress unrest bubbling up throughout the Arab Spring. Human rights violations directed at dissidents continue apace. The U.S. has just been invited to mind its own business, although Bahrain receives military equipment and other aid from the U.S. According to news reports in various Arab media, on Sunday, May 5, the cabinet of the island archipelago nation of Bahrain endorsed a parliamentary proposal to “stop interference by the U.S. envoy into Read more [...]

BARCELONA: Mercedes urged their many Formula One technical boffins to "think outside the box" and consider the unconsidered after a Spanish Grand Prix that left the team baffled by their cars' lack of race pace. Despite scorching to their third pole position in a row, with Germany's Nico Rosberg notching up his second in succession, Mercedes flopped when it mattered most at the Circuit de Catalunya. Lewis Hamilton went from second to 12th, in what he said was his worst race for a very long time, Read more [...]