Bahrain news

(Photo Credit: Arabianeye-Reuters)
27 February 08:09 PM S&P expects GCC commercial borrowing to fall to $75bn
  Mubasher: Standard & Poor’s said in a new report that it expects long-term gross sovereign commercial borrowing for the six member states in the GCC to decline to $75 billion in 2017, from $105 billion in 2016. Sovereign commercial debt with an …
Bahrain Cinema’s board recommended a cash dividend of 50% for FY16 (Photo Credit: Mubasher)
27 February 03:39 PM Bahrain Cinema Q4 profits plunge 40.1%
Mubasher: Bahrain Cinema reported a drop of 40.1% in profits during the fourth quarter of 2016 when compared to the same period of 2015. Earnings shrank to BHD 850,000 ($2.2 million) in Q4-16 from BHD 1.42 million ($3.6 million) in Q4-15, …
BBK’s profits during the fiscal year stood at BHD 56.41 million (Photo Credit: Mubasher)
27 February 03:20 PM BBK posts higher profits in Q4
Mubasher: Bank of Bahrain and Kuwait (BBK) posted an increase of 1.7% in profits during the fourth quarter of 2016, as compared to the corresponding period of the previous year. Earnings rose to BHD 13.17 million ($33.8 million) in Q4-16 from BHD …
NBK's stock ended Monday’s session 1.35% lower at Boursa Kuwait (Photo Credit: Mubasher)
27 February 02:57 PM NBK Bahrain Q4 profits rise 14.3%
Mubasher: The National Bank of Kuwait – Bahrain (NBK Bahrain) achieved growth of 14.3% in profits during fiscal year 2016 as compared to the same period of 2015. Earnings increased to BHD 73.42 million ($188.61 million) in FY16 from BHD 64.21 …
Ithmaar achieved a net profit of $13.8 million in FY16 (Photo Credit: Mubasher)
27 February 01:57 PM Ithmaar Holding Q4 losses shrink 94.9%
Mubasher: Ithmaar Holding registered a decline of 94.9% in losses to total $2.93 million during the fourth quarter of 2016 from $57.79 million in the same period of the previous year. During fiscal year 2016, Ithmaar achieved a net profit of $13.8 …
Photo Credit: Mubasher
27 February 01:30 PM BHB in green at Monday’s close
Mubasher: The main index of the Bahrain Bourse (BHB) ended Monday’s trading session 0.03% or 0.39 points higher, closing at 1,349.75 points. The banks sector retreated 0.65% to head the decliners, dragged by Al Salam Bank and Ahli United Bank …
Photo Credit: Mubasher
27 February 11:16 AM Nass suffers losses in Q4; dividends proposed
Mubasher: Nass Corporation suffered losses of BHD 952,000 ($2.4 million) in the fourth quarter of 2016 against BHD 1.195 million ($3.1 million) worth profits in the corresponding period of 2015. During fiscal year 2016, Nass recorded a growth of …
Photo Credit: Mubasher
27 February 10:16 AM Car Parks Q4 financials turn profitable
Mubasher: Bahrain Car Parks Co achieved profits worth about BHD 194,360 ($499,290) during the fourth quarter of 2016, versus losses of around BHD 14,860 ($38,170) during the same period a year ago. During the fiscal year, earnings shrank by 6.13% …
Traders at Bahrain Bourse (Photo Credit: Arabianeye-Reuters)
27 February 09:25 AM Investcorp buys stake in consulting firm
Mubasher: Investcorp has completed the acquisition of a stake in AlixPartners, according to a statement. The Bahrain-listed firm bought the stake alongside a consortium of investors like AlixPartners' founder Jay Alix. AlixPartners’ managing …
Traders at DFM (Photo Credit: Arabianeye-Reuters)
27 February 06:09 AM Gulf exchanges need new liquidity – Analysts
By: Mahmoud Gamal Mubasher: Most Gulf markets need the entry of new liquidity to be able to break important resistance levels on Monday, amid the control of speculations and the decline of oil prices, capital market analyst Ahmed Akl told …
Earnings increased to BHD 600,000 in FY16 (Photo Credit: Mubasher)
26 February 03:50 PM Ship Repairing posts higher profits in Q4
Mubasher: The Bahrain Ship Repairing and Engineering Company achieved a growth of 53.9% in profits during the fourth quarter of 2016 as compared to the same period a year ago. Earnings increased to BHD 600,000 ($1.53 million) in Q4-16 from BHD …
Photo Credit: Mubasher
26 February 03:08 PM Gulf Investment Q4 financials turn profitable
Mubasher: United Gulf Investment Corporation achieved profits worth BHD 1.08 million ($2.76 million) during the fourth quarter of 2016 against losses of BHD 2.95 million ($7.54 million) in the same quarter of 2015. During fiscal year 2016, the …
(Photo Credit: Mubasher
26 February 01:45 PM Bahrain Bourse ends Sunday in green
Mubasher: The main index of the Bahrain Bourse (BHB) levelled up by 0.06% or 0.83 points, closing at 1,350.14 points on Sunday. The industrial segment ended the session 1.36% higher, on the back of Alba which gained 1.43%. BHB’s services sector …
Board members recommended 30% cash dividends (Photo Credit: Mubasher)
26 February 11:24 AM Bahrain Kuwait Insurance Q4 profits down; dividends proposed
Mubasher: Bahrain Kuwait Insurance posted a drop of 20.9% in profits during the fourth quarter of 2016 as compared to the same period a year ago. Earnings shrank to BHD 757,000 ($1.9 million) in Q4-16 from BHD 957,000 ($2.4 million) in Q4-15, …
Gold prices are expected to decline to 1,220-1,200 points (Photo Credit: Arabianeye-Reuters)
26 February 06:17 AM US dollar likely to strengthen; gold prices to decline
By: Mahmoud Gamal Mubasher: The US dollar is expected to rise this week, amid anticipations of strong economic data that will increase the possibility of a rate hike by the US Federal Reserve next month; thus, pushing gold prices down. The US …
Traders at the Abu Dhabi Securities Exchange (ADX) (Photo Credit: Arabianeye-Reuters)
26 February 05:52 AM Investors likely to buy GCC stocks ahead of dividends
By: Mahmoud Gamal Mubasher: Most Gulf stock markets are expected to rise as portfolio investors will increase their positions, in line with the volatility of global stock and oil markets, analysts told Mubasher. Portfolio investors are likely to …
Omani crude oil reached $53.43 per barrel - (Photo Credit: Arabianeye-Reuters)
25 February 04:07 PM Oman oil down 12 cents
Mubasher: The price of Oman oil for April delivery decreased by 12 cents per barrel, according to the Dubai Mercantile Exchange (DME). Omani crude registered $53.43 per barrel (pb) on Friday, compared to $54.44 pb on Thursday. It’s worth noting …
Kuwait Crude Oil registered $52.71 per barrel on Friday - (Photo Credit: Arabaineye-Reuters)
25 February 12:28 PM Kuwait oil down 23 cents
Kuwait - Mubasher: The price of Kuwaiti oil barrel dropped 23 cents, Kuwait Petroleum Corporation (KPC) said Saturday. Kuwait crude reached $52.71 per barrel (pb) on Friday compared to $52.94 last Thursday, Kuwait News Agency (KUNA) reported. In …
(Photo credit: Arabianeye-Reuters)
24 February 02:39 PM Oman oil down 12 cents in Friday's trades
Mubasher: The price per barrel of Omani oil declined on Friday, according to data released by the Dubai Mercantile Exchange (DME). Omani oil for April delivery declined to $55.54 pb, compared to its closing price of $55.66 pb on Thursday. …
(Photo credit: Arabianeye-Reuters)
24 February 10:53 AM Oil prices down Friday after US data
Mubasher: The prices of oil declined on Friday after economic data showed a rise in US oil and natural gas stockpiles. Brent crude (for April delivery) decreased 0.18% to $56.4 per barrel. Late Thursday, the Energy Information Administration (EIA) …
Photo Credit: Arabianeye-Reuters
23 February 03:33 PM Investcorp buys property worth $400m in US
Mubasher: Investcorp Bank said that its real estate arm in the US acquired three residential buildings with a value of $400 million, according to a recent statement. During the past 18 months, the bank’s real estate investments in the US reached …
Turnover leaped to BHD 1.1 million (Photo Credit: Arabianeye-Reuters)
23 February 01:48 PM BHB in green at Thursday’s close
Mubasher: The main index of Bahrain Bourse (BHB) rose 0.49% or 6.56 points to close at 1,349.31 points on Thursday. The investment sector went up 0.69% on the back of top gainer GFH Financial Group which rose by 2.6%. The banks sector levelled up …
Mubasher Info said that Bahrain Kuwaiti Insurance signed a MoU with Bahrain Islamic Bank (Photo Credit: Arabianeye-Reuters)
23 February 11:00 AM Bahrain Islamic Bank confirms takeover news
Mubasher: Bahrain Islamic Bank confirmed on Thursday the news published on Mubasher Info website which said that the bank had signed a memorandum of understanding (MoU) with Bahrain Kuwaiti Insurance, which is listed on both Bahrain Bourse and …
(Photo credit: Arabianeye - Reuters)
23 February 07:15 AM Gold rises after Fed's minutes
By: Mahmoud Gamal Mubasher: Gold prices increased on Thursday, after the US Federal Reserve showed lack of clarity on the new Trump administration's economic programme. By 04:05 GMT, Spot gold inched up 0.25% to $1,237.5 per ounce. US gold futures …
(Photo credit: Arabianeye - Reuters)
23 February 06:20 AM GCC markets' investors repurchase blue chips – Analysts
By: Mahmoud Gamal Mubasher: GCC short- and medium-term investors returned to purchasing leading stocks after the rise of Saudi and Emirati shares. Analysts expected that most of the GCC markets would extend their fluctuating performance that tends …