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Bahrain news

4 hours ago Arabica coffee prices hit highest level in seven years
4 hours ago UK retail sales grow at softer pace in July
UK retail sales recorded a slight growth slowdown in July after hitting an almost three-year high in June.
26 July 01:19 PM Bitcoin hits highest level since May
The Bahraini bank offered to acquire Blom Bank Egypt for EGP 22.33 per share
26 July 11:43 AM EGX reveals details of Bank ABC's MTO for Blom Bank Egypt
Cairo - Mubasher: The Egyptian Exchange (EGX) revealed the details of the mandatory tender offer (MTO) submitted by Bahrain's Arab Banking Corporation (Bank ABC) to purchase up to 300 million shares or 100% of Blom Bank Egypt. The Bahraini bank …
Airline is currently reconnecting all passengers - (Photo Archive)
22 July 12:45 PM Gulf Air confirms ground incident at Dubai airport
Mubasher: Gulf Air confirmed that a ground incident involving one of its aeroplanes took place at the Dubai International Airport on Thursday, Bahrain News Agency (BNA) reported. The Bahraini carrier’s aircraft was impacted on the tail by a plane …
21 July 03:44 PM Johnson & Johnson expects $2.5bn in COVID-19 sales in 2021
Johnson & Johnson has expected to record $2.5 billion in the sales of its coronavirus (COVID-19) vaccine.
This decision is part of the government's efforts to tackle the COVID-19 repercussions
21 July 12:05 PM Saudi Arabia extends validity of permits, visas for expats until 31 August
Riyadh - Mubasher: The Saudi General Directorate of Passports has automatically extended the validity of residence permits and visas for expatriates outside the Kingdom until 31 August 2021, according to the Saudi Press Agency (SPA). In line with …
21 July 11:10 AM Central banks, wealth funds shifting to greener investments
COVID-19 is accelerating the transition of central banks and wealth funds to greener investments.
21 July 10:07 AM World Bank deploys $157bn to fight COVID-19 impacts
The World Bank has allocated over $157 billion to face the health, economic, and social impacts of COVID-19.
20 July 02:21 PM CO2 emissions to surge to record levels in 2023
The global carbon dioxide (CO2) emissions are set to surge to record levels in 2023.
Kuwait Investment Authority has occupied the third position
20 July 11:57 AM SWFI lists four Arab sovereign wealth funds among world's top ten funds in July 2021
Mubasher: A total of four Arab sovereign wealth funds are listed among the world's top ten sovereign wealth funds in July 2021, with combined assets of $2.074 trillion, according to the recent data by the Sovereign Wealth Fund Institute (SWFI). …
Ipsen seeks to launch direct operations and offer innovative treatments
19 July 09:52 AM France's Ipsen opens regional office in Dubai to expand direct operations in MEA
UAE - Mubasher: Ipsen, a French biopharmaceutical group, has opened its first regional office in the Middle East and Africa (MEA), which is headquartered in Dubai. Through its new regional office, Ipsen seeks to launch direct operations and offer …
The offer includes the purchase of up to 300 million shares for EGP 22.33 apiece
18 July 03:47 PM FRA approves Bank ABC's MTO for Blom Bank Egypt
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a mandatory tender offer (MTO) submitted by Bahrain's Arab Banking Corporation (Bank ABC) to acquire Blom Bank Egypt.  The offer includes the purchase …
The MTO includes the acquisition of 300 million shares for EGP 22.33 apiece
13 July 04:10 PM FRA considers Bank ABC's MTO for Blom Bank Egypt
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) said that Bahrain's Arab Banking Corporation (Bank ABC) submitted a draft mandatory tender offering (MTO) to acquire 300 million shares or 100% of the issued capital of Blom Bank …
The Hajj season this year will witness a digitised journey from start to finish
13 July 01:37 PM How pilgrims benefit from digitisation when performing Hajj
By: Ingy ElSafy Mubasher: The COVID-19 pandemic has brought technology-enhanced methods that help authorities implement social distancing to preserve the health of people. Saudi Arabia will provide a digital Hajj (Muslim pilgrimage) this year and …
Gulf Customer Experience has been valued at $15.797 million
11 July 03:36 PM Raya Contact Center to acquire 85% of Gulf Customer Experience
Cairo - Mubasher: The board of directors of Raya Contact Center approved the acquisition of 85% of Bahrain's Gulf Customer Experience, amounting to 335,829 shares. The share purchase agreement and all other contracts related to the transaction …
The transaction was completed in partnership with Student Quarters
11 July 11:03 AM GFH acquires $100m student housing portfolio in US
Dubai – Mubasher: GFH Financial Group has inked an agreement to acquire a $100 million student housing portfolio, affiliated to top-rated universities in the US. The transaction was completed in partnership with Student Quarters, an Atlanta-based …
The offer is subject to the approval of all necessary regulatory
8 July 02:04 PM GFH in talks with Khaleeji Commercial Bank for voluntary takeover offer
Dubai – Mubasher: GFH Financial Group is still in talks with Khaleeji Commercial Bank (KHCB) regarding a potential voluntary takeover offer for the bank's issued shares. The offer is subject to the approval of all necessary regulatory, board, and …
Majority of GCC consumers likely to opt for digital banking services
6 July 05:22 PM Majority of GCC consumers likely to opt for digital banking services
Mubasher: The majority of GCC consumers, about 85% of respondents to a survey, would currently opt for digital banking services rather than visiting a bank branch, according to a paper by Backbase with YouGov. With the appetite accelerating more …
Saudi Arabia’s NCB Capital topped the list with $50.4 billion in AUM
6 July 03:43 PM Saudi Arabia dominates Forbes Middle East’s 2021 asset managers list
Mubasher: A total of 16 Saudi Arabia companies have been included in Forbes Middle East’s 30 Biggest Asset Managers 2021 list, representing more than 50% of the list. The 30 asset managers in the region posted a cumulative $258.2 billion in assets …
Oil prices closed at $75 per barrel at the end of June
6 July 02:11 PM GCC markets continue to see gains on higher oil prices – Markaz
Mubasher: The S&P GCC Composite index, a comprehensive benchmark covering stocks from the six Gulf markets, gained last June for the eighth consecutive month as oil prices continued to rise, with Brent crude remaining above $70 per barrel …
Ithmaar Holding and BBK have not agreed on terms and conditions
6 July 11:38 AM Ithmaar Holding's asset sale to BBK cancelled
Mubasher: The sale of certain assets in Bahrain-based Ithmaar Holding to Bank of Bahrain and Kuwait (BBK) has been cancelled, as both parties have not reached amicable terms and conditions. Following preliminary due diligence and discussions, …
GACA issued a circular to all airlines operating in Saudi Arabia
4 July 03:48 PM Saudi Arabia suspends flights to three destinations on COVID variant
Riyadh – Mubasher: Saudi Arabia’s General Authority of Civil Aviation (GACA) has suspended direct and indirect travel of citizens to the UAE, Ethiopia, and Vietnam without obtaining prior permission from the concerned authorities due to the …
MENA’s ESG market currently represents 1.3% of 2021's global issuance
4 July 02:35 PM Green finance in MENA reaches $6.4bn in H1, exceeds global growth rate
Mubasher: Green and sustainability-linked debt issuances in the MENA region amounted to $6.4 billion in value during the first half (H1) of 2021, exceeding the global growth rate, according to a report by Bloomberg on Sunday. The region’s green …
4 July 01:33 PM Hitachi ABB to change name to Hitachi Energy
Mubasher: Hitachi ABB Power Grids will change its name to Hitachi Energy from October 2021, coinciding with its first-year anniversary.