Financial And Banking News
GulfAir Privatization Still On The Agenda
The privatization of Gulf Air is stillbeing considered but
will not take place this year, saysthe airline's Chief Executive,Mr. Salim al-Siyabi.Airlineexecutives want to
establish a steady profits recordbefore offering shares to the public.The airline declared profits ofaboutBD21mn
($56mn)for 1992 and BD18mn ($48mn) for 1991.Results for the first half of 1993 are ahead oflast year.It...