DUBAI: Bahrain-based Islamic lender Al Baraka Banking Group posted a 15 percent increase in first-quarter net income, the bank said yesterday.  Al Baraka, which has operations across the Middle East, Asia and Africa, said first-quarter net income rose to $66m from $57m in the year-ago period, it said in a statement yesterday. The bank made a total operating income of $233m in the first quarter of 2013, up 16 percent over same period in 2012, it said. Chief Executive Officer Adnan Read more [...]

By Alan Baldwin BARCELONA (Reuters) - Ferrari's Fernando Alonso rewrote the Formula One form book and cranked up the heat in the title battle by winning his home Spanish Grand Prix for the second time on Sunday. On an afternoon littered with pitstops and full of frustration at high levels of tyre degradation, the double world champion powered to his second victory of the season and 32nd of his career. "It's very special winning at home. It doesn't matter Read more [...]

RIYADH — The 28th joint meeting between the GCC Secretariat General and the chairpersons and members of the GCC Chambers of Commerce will be held in Bahrain today. The delegation of the GCC Secretariat General will be chaired the GCC Secretary -General Dr Abdul Latif bin Rashid al Zayani. Khalil bin Abdullah al Khunji, the chairman of the Federation of Gulf Cooperation Council Chambers (FGCCC), will chair the FGCCC delegation. Representatives of the private sector and businessmen in the GCC Countries Read more [...]