Economies across the GCC have been predicted to continue growing strongly after experiencing growth at 4.6 per cent annually during 2010-2011, according to a new report by Qatar National Bank (QNB) Group
Business & Management
Jotun posts strong growth for Q1
Jotun Group has recorded a nine per cent growth in operating revenues in Q1 2012 as regional sales in the powder coatings and paints divisions increased
Nass defies market conditions to post Q1 profit growth
Bahraini construction firm Nass Corporation has announced a net profit of BHD 1.938 million (US$5.1 million) for the first quarter of 2012, representing a slight rise from the BHD 1.827 million (US$4.8 million) posted for the same period in 2011
GDF Suez sells stake in Bahrain power plant
GDF SUEZ and International Power have completed the sale of Bahrains Hidd Power Company (HPC) to Malakoff International Ltd for US$113.4 million
Accenture to assist SEC restructuring scheme
Saudi Electricity Company (SEC) has appointed Accenture to help the state-owned utility company manage its restructuring programme, which it is has said will lead to a more competitive electricity market in Saudi Arabia