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Business » growth



growth

Australian PM brushes off IMF call for fiscal restraint Australian Prime Minister John Howard on Thursday brushed off an IMF call for fiscal restraint, days after he promised billions of dollars in tax cuts if re-elected next month.



British economy grows by 0.8 percent in third quarter of 2007 Britain's economy expanded by 0.8 percent in the third quarter of this year, according to official data published Friday.



British economy bounds ahead in third quarter Britain's economy expanded by an impressive 0.8 percent in the third quarter of 2007, shrugging off the impact of the global credit crunch, according to official data published Friday.



BankMuscat Q3 Net Profit at RO 62.6 million The Bank achieved a net profit of RO 62.6 million for the nine months ended Sep 30, 2007 as against a net profit of RO 44.5 million reported during the same period in 2006, thus recording an impressive growth of 40.7%.



14th Annual World Islamic Banking Conference 2007 to Focus on Combatting Competition & Capturing New International Growth Markets The growth of Islamic banking, which year-on-year outstrips conventional banking, is set to continue at a blistering pace into 2008 as major new Islamic financial institutions are launched



Tamweel announces 147% growth in net profit for first nine months of 2007 to AED 244 million Tamweel PJSC, the largest provider of real estate finance in the UAE, today declared its financial results for the third quarter of 2007.



Italian companies make a mark at Private Label Middle East 2007 Private Label Industry in Italy is estimated around 4.1 Billion Euro



Union National Bank announces net profit for the first nine months of 2007 Union National Bank’s consolidated net profit attributable to equity shareholders reached AED 833.3 million for the first nine months up to September 2007 as compared to AED 833.6 million for the corresponding period of 2006.



Germany cuts 2008 growth forecast to 2.0 percent Germany, the largest eurozone economy, lowered its 2008 growth forecast Thursday to 2.0 percent from 2.4 percent and its economy minister warned that fallout from a banking crisis could do more damage still.



QIB Launches QR 2 billion investment funds QIB announced the launch of two new investment funds under the name 'Al Sanabel A & B' (for Qatari and non-Qatari investors respectively) with a capital of QR. 2 billion after QCB gave its approval thereon.



Oracle Supports the Emirates Bank Group in its Regional Expansion Drive Oracle today announced that The Emirates Bank Group (EBG), the Dubai-based banking group, has selected the Oracle E-Business Suite Release 12 to provide its financial management solution