Bahrain news

Bahrain’s Central Informatics Organization (CIO) on Sunday reported a 1% year-on-year increase in Bahrain’s inflation rate in June 2017
23 July 03:35 PM Bahrain inflation rises 1% in June
Mubasher: Bahrain’s Central Informatics Organization (CIO) on Sunday reported a 1% year-on-year increase in Bahrain’s inflation rate in June 2017. The country’s consumer price index (CPI) reached a 0.6% month-on-month decline in June against 2% in …
The main index of the Bahrain Bourse (BHB) closed higher on Sunday
23 July 02:39 PM BHB closes Sunday in green
Mubasher: The main index of the Bahrain Bourse (BHB) closed 0.20% or 2.66 points higher on Sunday, reaching 1,323.06 points backed by three leading sectors. The banking sector edged up 0.46%, as Al Salam Bank – Bahrain went up 3.16% and Ahli …
The main index wen up by 0.23% during last week
21 July 06:56 PM Bahrain Bourse gains 3 points in week
By: Inas Bahgat Mubasher: The main index of the Bahrain Bourse ended the week on a rise on the back of the stocks of the industrial and banking sectors, amidst a noticeable rise in liquidity. The main index rose by 0.23% or 3.02 points, in the …
The United Arab Emirates Minister of Energy Suhail Al Mazroui
21 July 04:06 PM UAE hopes oil markets will tighten in H2-17
Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
The Organization of the Petroleum Exporting Countries (OPEC)
21 July 11:34 AM OPEC meeting to review output cut levels - Minister
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
Kuwaiti crude oil prices reached $46.51 per barrel on Thursday
21 July 11:23 AM Kuwait oil up $0.74
Kuwait - Mubasher: The price of Kuwaiti oil went up by 74 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). Prices reached $46.51 per barrel (pb) yesterday, compared to $45.77 pb on the day before, Kuwait News Agency (KUNA) …
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
Batelco on Thursday reported a 13.6% year-on-year drop in profits in Q2-17
20 July 03:36 PM Batelco quarterly profits drops to BHD 13.13m
Mubasher: Bahrain Telecommunications (Batelco) on Thursday reported a 13.6% year-on-year drop in profits in the second quarter of 2017, according to a statement. The Bahrain-listed company achieved a profit of BHD 13.13 million ($34.6 million) in …
The general index inched up 0.10% or 1.37 points to reach the level of 1,320.40.
20 July 01:44 PM BHB closes Thursday higher
Mubasher: The main index of the Bahrain Bourse (BHB) closed Thursday’s trading session in green, bolstered by investment and industry stocks. The general index inched up 0.10% or 1.37 points to reach the level of 1,320.40. The traded volume rose …
UAE Energy Minister Suhail Bin Mohammad Al Mazroui
20 July 09:15 AM UAE has no desire to develop rift with Qatar – Minister
Abu Dhabi – Mubasher: Saudi Arabia, UAE, Bahrain, and Egypt do not want to develop the situation regarding Qatar-Gulf rift, Ypnhap news agency quoted UAE Energy Minister Suhail Bin Mohammad Al Mazroui as saying. “We look forward to resolve Qatar's …
Traders at Boursa Kuwait
20 July 07:51 AM Investors likely to build new positions in GCC stocks
By: Mahmoud Gamal Mubasher: Investors are expected to build up new positions in GCC listed stocks on Thursday, in line with the announcements of first-half financials which are expected to improve amid higher oil prices, analysts told Mubasher. …
By the end of trading on Wednesday, market capitalisation was estimated at BHD 7.83 billion
19 July 04:50 PM BHB closes Wednesday up; liquidity rises
Mubasher: The main index of the Bahrain Bourse (BHB) rose by the end of Wednesday’s trading session, bolstered by investment and industry stocks. The general index levelled up 0.31% or 4.08 points to reach the level of 1,319.03 points. Traded …
The main index of the Bahrain Bourse (BHB) closed near stable on Tuesday
18 July 05:10 PM BHB ends Tuesday near stable despite 3-sector drop
Mubasher: The main index of the Bahrain Bourse (BHB) closed near stable on Tuesday, pressured by the fall of three leading sectors, whereas Aluminium Bahrain’s (Alba) gains offset the decline. The general index inched down 0.03% or 0.40 points to …
Traders at Boursa Kuwait
18 July 07:56 AM GCC stocks tend to invest in low-priced stocks
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to continue their sideways-to-positive performance on Tuesday, amid anticipations of listed blue-chip companies’ financial disclosures for the first half of 2017, analysts told Mubasher. …
Profits reached BHD 16.4 million in the secon quarter of the 2017
17 July 02:22 PM Bahrain and Kuwait Bank profits up 4% in Q2
Mubasher: Bank of Bahrain and Kuwait (BBK) reported a 3.8% increase in profits for the second quarter of the year. The bank said in a statement to the Bahrain Bourse on Wednesday that net profits reached BHD 16.4 million ($43.2 million) compared …
Emirates operates 259 wide-body aircraft to 157 destinations, while flydubai operates 58 Boeing 737s to 95 destinations.
17 July 02:16 PM Emirates to form new partnership with Flydubai
Dubai – Mubasher: Emirates will form a partnership with FlyDubai aimed at allowing the companies to feed passengers onto each other’s flights, according to a statement. The deal will include network collaboration and coordinated scheduling at …
On 5 June, Saudi Arabia, the UAE, Bahrain, and Egypt cut diplomatic ties with Qatar
17 July 01:15 PM UAE calls for international monitoring of Qatar
Abu Dhabi – Mubasher: The issue with Qatar needs international monitoring, Anwar Gargash, the UAE’s minister of state for foreign affairs, told Reuters in a speech to be delivered on Monday in London. "We need a regional solution and international …
Photo Archive
16 July 10:05 PM KFH is world’s biggest in Sukuk issuance - Chairman
Kuwait - Mubasher: The chairman of Kuwait Finance House (KFH) said that the group is the biggest Sukuk issuer in the world, as demand is rising on the sharia-compliant product. Hamad Abdulmohsen Al Marzouk added in a statement issued on Sunday …
The LPG extraction project is expected to begin operation by 2020.
16 July 03:36 PM AUB to take part in $820m loan for Omani gas firm
Mubasher: Ahli United Bank – Bahrain (AUB) on Sunday confirmed its participation in an $820 million financing deal for the Salalah liquefied petroleum gas (LPG) project. The loan will be a joint project with eight local, regional, international …
Traders at Boursa Kuwait
16 July 07:47 AM GCC bourses likely to recover on higher oil prices
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to maintain their gains on Sunday, amid the rise of oil prices and announcement of some positive first-half financials, analysts told Mubasher. Higher oil prices will push portfolio …
Kuwaiti crude oil registered $45.38 per barrel yesterday
15 July 01:32 PM Kuwait oil prices rise $0.86
Kuwait - Mubasher: The price of Kuwaiti oil increased 86 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $45.38 per barrel (pb) Friday up from $44.52 pb on Thursday, as reported by the Kuwait News …
The UAE led the list of the countries that implement infrastructure projects with $427 billion
14 July 06:05 PM UAE, Saudi top states in infrastructure projects – BMI
Mubasher: The UAE led the list of the countries that implement infrastructure projects with $427 billion, according to a report by Business Monitor International (BMI). Saudi Arabia ranked second with a value of $328 billion, while Egypt ranked …
The industrial sector pushed the index up 2.4% as Aluminum Bahrain (Alba) went up 2.47% in a week
14 July 01:39 PM BHB gains 6.53 pts in week
Mubasher: The main index of the Bahrain Bourse (BHB) increased 0.5% or 6.53 points to reach 1,317.38 points in the week ended on Thursday, 13 July, against 1,310.86 points in the previous week. The industrial sector pushed the index up 2.4% as …
By 7:20 am GMT, Brent crude futures edged up 0.02% to $48.43 per barrel (pb)
14 July 11:07 AM Oil prices up, high demand for crude expected on Friday
Mubasher: Oil prices rose during Friday’s trading activities, with investors’ expectations about international growth in demand for crude. By 7:20 am GMT, Brent crude futures edged up 0.02% to $48.43 per barrel (pb). NYMEX crude oil futures inched …
Bank Muscat's operational profits declined 6% to OMR 117.24 million in H1-17
13 July 09:09 AM Bank Muscat profits fall 14% in Q2
Mubasher: Bank Muscat said its profits declined 14.2% year-on-year in the second quarter of 2017, according to a statement. Profits reached OMR 40.08 million ($103.72 million) in Q2-17, compared to OMR 46.72 million ($120.91 million) in Q2-16. In …