MANAMA, 12 May 2008 — Bahrain-based Unicorn Investment Bank (UIB) announced strong results for the three-month period ending March 31. Earnings rose by $20 million, or 83 percent, from $24 million in the first quarter of last year to $44 million in 2008. UIB, in a statement, said that the net profit attributable to its shareholders increased by $15.6 million from $4.4 million last year to $20 million in the first quarter of this year.