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24 March 2021 01:08 PM CITC approves merging Zain KSA, Mobily telecom towers under new entity
Riyadh - Mubasher: Mobile Telecommunications Company Saudi Arabia (Zain KSA) has received in-principle approval from the board of Communications and Information Technology Commission (CITC) on the application submitted by Zain KSA, Etihad Etisalat …
Markets Regulations
The Danube hypermarket is expected to open in the fourth quarter of 2021.
9 December 2020 09:46 AM BinDawood’s Danube to open first international branch in Bahrain
Riyadh – Mubasher: Danube Company for Foodstuffs and Commodities, a 99%-owned subsidiary of Saudi Arabia's BinDawood Holding, has signed a lease agreement with a leading integrated real estate development company in Bahrain to open a Danube …
Companies Investments
Batelco annual general meeting 2020 - (Photo Archive)
9 June 2020 09:34 AM Batelco, NSSA sign MoU to boost cooperation
Mubasher: Bahrain's leading digital solutions provider, Bahrain Telecommunication Company (Batelco), announced the signing of a Memorandum of Understanding (MoU) with the Bahrain National Space Science Agency (NSSA) to ease further discussions …
Companies Investments
The agreement carries a maturity period up to two years
19 April 2020 04:47 PM Seef Properties concludes BHD 4.5m Murabaha facility deal with AUB
Mubasher: Seef Properties has concluded a Sharia-compliant Murabaha facility agreement worth BHD 4.5 million with Bahrain’s Ahli United Bank (AUB) to finance working capital requirements. The agreement carries a maturity period up to two years, …
Companies Investments
Total assets increased to BHD 992.9 million
20 February 2020 07:48 PM Batelco’s profit rises 3% YoY in 2019
Mubasher: Bahrain Telecommunication Company (Batelco) has posted a 3% year-on-year profit increase during the fiscal year 2019. The company’s net profit attributed to shareholders rose to BHD 51.6 million ($136.9 million) last year, compared to …
Financial Results
Batelco is keen on launching the latest 5G technologies
5 February 2020 05:54 PM Batelco teams up with du to launch 5G int’l roaming in UAE
Mubasher: Bahrain’s leading digital solutions provider Batelco announced its partnership with Emirates Integrated Telecommunications Company (du) to deliver 5G international roaming services in the UAE. Making Batelco the first Bahraini operator …
Companies Investments
Chief Global Business Officer, Adel Al Daylami
9 January 2020 04:46 PM Batelco boosts global connectivity solutions via ‘Google Cloud Interconnect’
Mubasher: Bahrain’s leading digital solutions provider, Batelco, has unveiled 'Google Cloud Interconnect', a new development that strengthens the company’s cloud services and bolsters its global connectivity solutions through a secure, reliable, …
Companies Investments
Batelco's official at the new branch
29 December 2019 03:40 PM Batelco inaugurates new retail branch in Saar Mall
Mubasher: Bahrain Telecommunication Company (Batelco) has opened a new retail branch in Saar Mall to meet the various needs of customers and the area’s residents. The inauguration was attended by the Northern Governor, Ali bin Al Shaikh Abdul …
Companies Investments
Part of the signing ceremony
26 November 2019 07:00 PM Khaleeji Commercial Bank arranges $67.8m loan for Liwan project
Mubasher: Bahrain’s Lama Real Estate has signed an agreement with Khaleeji Commercial Bank to arrange a loan to finance Lama’s Liwan project. The BHD 25.5 million ($67.81 million) loan will be arranged in collaboration with Kuwait Finance House – …
Companies Investments
Zain Bahrain Ceremony
11 November 2019 02:39 PM Zain to introduce 5G network in Bahrain
Mubasher: Bahrain is among the first countries in the world to offer commercial 5G network services, Bahrain News Agency (BNA) reported. “We are pleased to see Zain Bahrain deploying the 5G network and its commitment in adopting the latest …
Companies Investments
Manama-IX is a neutral internet exchange platform
17 September 2019 05:10 PM Manama-IX internet exchange platform welcomes global networks
Mubasher: Bahrain Telecommunication Company (Batelco) has announced that internet traffic exchange platform Manama-IX is ready to enable businesses to interconnect with local, regional, and global networks through its integrated platform, …
Company News
Operating profits increased to BHD 40.9m in H1
25 July 2019 05:42 PM Batelco posts $90.2m profit in H1-19; Board approves cash dividends
Mubasher: Bahrain Telecommunication Company (Batelco) has reported an 18% year-on-year profit increase during the first six months of 2019, recording  BHD 34 million ($90.2 million). The company’s revenue went up by 1% year-on-year to BHD 201.7 …
Financial Results
Each company will hold a 50% stake in the JV
24 June 2019 09:06 AM Du inks JV deal with Bahrain’s Batelco
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du), listed on the Dubai Financial Market (DFM), on Monday announced it has signed a joint venture (JV) agreement with Bahrain Telecommunication Company (Batelco). Upon the …
Company News
This partnership offers flexible and reliable data connectivity
18 June 2019 04:57 PM Batelco boosts partnership with Tata Communications
Mubasher: The leading digital communications solutions provider Batelco has extended its partnership with Tata Communications, a leading global digital infrastructure Indian provider. This partnership offers flexible and reliable data connectivity …
Companies Investments
Batelco is committed to supporting the kingdom’s vision for the digital economy
9 June 2019 01:11 PM Batelco to deliver commercial 5G services for first time in Bahrain
Mubasher: Bahrain Telecommunications (Batelco) announced the commercial launch of fifth generation (5G) wireless technology services in Bahrain. The kingdom’s leading digital solutions provider will be the first in Bahrain to provide commercial 5G …
Macroeconomics
Loss per share reached 3.31 fils in Q1-19
14 May 2019 11:20 PM Nass Corporation turns to loss in Q1
Mubasher: Nass Corporation turned to loss during the first quarter of 2019, recording BHD 711,000 ($1.88 million) Loss per share reached 3.31 fils in Q1-19 versus 2.37 fils in the year-ago period, according to a bourse statement released on …
Financial Results
Earnings per share declined to 18.11 fils in Q1-19
14 May 2019 09:00 PM Bahrain Duty Free reports $6.8m profit in Q1
Mubasher: Bahrain Duty Free Shop Complex Company’s profit decreased by 6.5% year-on-year in the first quarter of 2019, recording BHD 2.57 million ($6.82 million). Earnings per share declined to 18.11 fils in Q1-19 versus 19.38 fils in the year-ago …
Financial Results
The legal split announcement was made during a press conference
14 May 2019 10:20 AM Batelco announces legal split to two independent entities
Mubasher: The transportation and telecommunications minister of Bahrain, Eng. Kamal bin Ahmed Mohamed, has announced the completion of Bahrain Telecommunications (Batelco)’s legal separation process as part of implementing the fourth National …
Ministries
Operating income declined to BHD 2.71 million in Q1
8 May 2019 03:15 PM APM Terminals logs BHD 2m profit in Q1
Mubasher: APM Terminals Bahrain posted an 18.9% year-on-year fall in its profits for the first quarter of 2019. Net profits stood at BHD 2.389 million in Q1-19, compared to BHD 2.944 million in Q1-18, according to the company’s filing to Bahrain …
Financial Results
The rise in Q1-19 profits was attributed to a 1.72% growth in revenues
2 May 2019 04:38 PM Batelco logs BHD 14.6m profit in Q1 on higher revenues
Mubasher: Bahrain Telecommunication Company (Batelco) reported an 11.4% year-on-year increase in profits during the first quarter of 2019, boosted by higher revenues. Batelco’s profits reached BHD 14.61 million ($39.06 million) in Q1-19, compared …
Financial Results
The firm’s profits reached BHD 1.72 million in Q1-19
2 May 2019 11:05 AM Zain Bahrain logs 55% profit rise in Q1
Mubasher: Zain Bahrain reported a 55% year-on-year growth in profits attributable to shareholders during the first quarter of 2019. The telecom firm’s profits reached BHD 1.72 million in Q1-19, up from BHD 1.11 million during Q1-18, according to a …
Financial Results
Batelco's Maha Abdulrahman and Gulf Air’s Vincent Coste
14 April 2019 02:37 PM Batelco, Gulf Air renew partnership agreement for 3 years
Mubasher: Batelco and Gulf Air, the national carrier in Bahrain, have renewed their partnership agreement for a three-year period to provide Batelco’s Al Dana Club members and high valued customers with superior benefits. This partnership between …
Companies Investments
Shares of QualityNet will be transferred to Viva
9 April 2019 03:30 PM Batelco inks deal with Viva to sell Kuwait’s QualityNet
Mubasher: Batelco has signed a share purchase agreement (SPA) with Kuwait Telecommunications Company (Viva) to sell its 90% share of its Kuwait subsidiary, QualityNet General Trading and Contracting Company. Bahrain-based regional …
Companies Investments
The new company aims to reach 1.4 million homes and businesses
3 April 2019 01:49 PM Batelco’s unit, Jordanian Electric ink partnership deal
Mubasher: Bahrain Telecommunication Company’s (Batelco) Jordanian unit, Umniah, on Wednesday announced signing a partnership agreement with Jordanian Electric Power Co. (JEPCO). Under the deal, a new company will be established for setting up the …
Companies Investments
Seef Properties’s profits amounted to BHD 10.913 million during 2018
1 April 2019 01:21 PM Seef Properties OKs 15 fils/shr dividends for FY18
Mubasher: Seef Properties’s general assembly has approved to distribute 15 fils per share as cash dividends to shareholders for the full fiscal year 2018. Dividends represent 15% of the company’s paid-up capital, according to a statement to …
Cash Dividends