Bahrain news

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28 April 08:30 PM US oil rigs rise for 15 week in row
Mubasher: The number of US oil-rig count has increased last week, according to data revealed by Baker Hughes on Friday. Oil rigs added nine to reach 697 rigs, up from 572 rigs last week. Brent crude futures grew 0.31% to the level of $51.98 per …
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28 April 11:14 AM Oil prices rise on Friday
Mubasher: Crude oil prices went up on Friday, but it tends to record weekly losses for the second week in a row. Oil prices were supported by OPEC Secretary-General Mohammad Barkindo, who said on Thursday that the oil market was moving towards a …
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27 April 04:50 PM Shuaa shrinks stake in Bahraini bank
Mubasher: Shuaa Capital has reduced its stake in Bahrain-based Khaleeji Commercial Bank to stand at 13.9%, according to a bourse statement issue don Thursday. The bank has executed two selling transactions on Shuaa’s stake, with a total of about …
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27 April 04:27 PM BHB falls in week amid lower liquidity
Mubasher: The main index of Bahrain Bourse (BHB) edged down 0.17% or 2.27 points week-on-week to reach 1,332.16 points by the week ended on 27 April. The tourism segment led decliners this week with a fall of 3.64%, dragged by Banader Hotels which …
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27 April 03:16 PM BMMI posts lower profits in Q1
Mubasher: Bahrain Maritime and Mercantile International (BMMI) posted a decline of 39.1% in profits to BHD 1.65 million ($4.3 million) in the first quarter of 2017 as compared to BHD 2.71 million ($7.1 million) in the same period of 2016. Earnings …
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27 April 01:40 PM BHB closes Thursday in red
Mubasher: The benchmark index of the Bahrain Bourse (BHB) closed Thursday’s session 0.14% or 1.87 points lower at 1,332.16 points. The industrial segment lost 0.46%, dragged by Alba which retreated 0.48%. The insurance sector levelled down 1.58%, …
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27 April 10:15 AM Bahrain Middle East profits fall 5% in Q1
Mubasher: Bahrain Middle East Bank on Thursday reported a decline in its net profits for the first quarter of 2017, compared to figures from the same period last year. The Bahrain-listed bank logged $1.41 million in profits in Q1-17, down 5% …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
27 April 07:43 AM GCC blue chips likely to attract investments
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to see a sideways-to-bullish performance on Thursday as most stocks technically reached attractive price levels, analysts told Mubasher. Most investors tended to trade on blue chip …
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26 April 04:14 PM Bahrain hotel sector to see $10bn investments
Mubasher: The hotel and restaurant segment in Bahrain will be endorsed by the establishment of 15 new five- and four-star hotels as well as beachfront resorts worth $10 billion during the coming five years. The hotel sector has recently witnessed …
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26 April 02:30 PM Moody’s affirms Bahrain credit rating
Mubasher: Moody’s Investors Service affirmed the government of Bahrain's credit rating at "Ba2" with a "Negative" outlook, according to a recent report. The rating is endorsed by Bahrain’s high wealth levels, a diversified economy, and the …
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26 April 01:31 PM Bahrain Bourse closes Wednesday in red
Mubasher: The main index of the Bahrain Bourse (BHB) closed Wednesday’s trading session 0.19% or 2.58 points lower at 1,334.03 points. The market’s turnover stood at nearly BHD 496,600 after the trading volume amounted to 2.56 million shares. The …
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26 April 01:01 PM Al-Falih, Novak to meet over oil prices support – Agency
Riyadh – Mubasher: Saudi minister of energy Khalid Al-Falih is planning to meet the Russian minister of energy Alexander Novak within the next two weeks to discuss the agreement between OPEC and non-OPEC members to support oil prices, Reuters …
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26 April 10:42 AM Commercial Facilities Q1 profits up 4.4%
Mubasher: Bahrain Commercial Facilities achieved a growth of 4.4% in profits during the first quarter of 2017 compared to the same period in 2016. Profits increased to BHD 4.7 million ($12.4 million) in Q1-17 from BHD 4.5 million ($11.8 million) …
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26 April 10:26 AM Bahrain Islamic Bank Q1 profits decline 65.7%
Mubasher: Bahrain Islamic Bank posted a drop of 65.7% in profits during the first quarter of 2017 as compared to the same quarter in 2016. Earnings shrank to BHD 583,000 ($1.5 million) in Q1-17 from BHD 1.7 million ($4.4 million) in Q1-16, …
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26 April 09:49 AM Inovest Q1 profits jump 156.3%
Mubasher: Inovest Group achieved a surge of 156.3% in profits during the first quarter of 2017 as compared to the same period in 2016. The company, which is listed on both Boursa Kuwait and the Bahrain Bourse (BHB), reported a profit of $8.2 …
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26 April 07:57 AM Gulf bourses likely to hold ground Wednesday
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to try to hold at their current levels on Wednesday despite lower-than-expected quarterly financials of some companies, in line with the rise of global stocks to record highs, …
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25 April 05:16 PM Egypt to permit visas to residents of Arab countries
By: Amr Adel Dubai - Mubasher: The chairman of the Egyptian Tourism Promotion Authority (TPA), Hesham El-Demeiry, said on Tuesday that Egypt is considering a decision that will grant entry visas for foreigners who are residents of Arab countries …
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25 April 01:54 PM Bahrain Bourse closes in green with surge in volumes
Mubasher: The Bahrain Bourse ended Tuesday’s trading session in green, as traded volumes saw a noticeable rise compared to the levels of yesterday. The Bahrain All Shares Index (BSEX) went up by 0.08%, gaining 1.04 points, and closed at the level …
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25 April 11:50 AM Bahrain's Investcorp opens office in Singapore
Mubasher: Investcorp on Tuesday announced inaugurating its office in Singapore with the attendance of its executive chairman Mohammed Alardhi. The Singapore office is the company's first in Asia and follows the integration of the Investcorp Credit …
A project by Bahrain Family Leisure (Photo credit: Company website)
25 April 10:58 AM Family Leisure turns a profit in Q1
Mubasher: Bahrain Family Leisure reported turning profitable in the first three months of 2017 against losses in the same period in 2016. The Bahraini company posted BHD 37,750 (99,170) in Q1-17, against BHD 802,930 ($2.1 million) in the year-ago …
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25 April 08:04 AM Late blue-chip financials disclosures delays GCC market recovery – Analysts
By: Mahmoud Gamal Dubai – Mubasher: The ongoing state of anticipation seen in GCC bourses is likely to continue on Tuesday as investors fear a delay in first quarter financial disclosures, analysts told Mubasher. On Monday, GCC stock markets saw …
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24 April 03:11 PM GFH Capital discloses quarterly dividends
Mubasher: GFH Capital, a subsidiary of GFH Financial Group, recently distributed quarterly dividends on its entitled stockholders in a number of investments and funds, according to a recent press release. The cash dividends ranged from 8% to 11%, …
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24 April 02:20 PM BBK reports higher profits in Q1
Mubasher: Bank of Bahrain and Kuwait (BBK) achieved a growth of 8% in profits during the first quarter of 2017 when compared to the same period of 2016. The earnings increased to BHD 15.76 million ($41.54 million) in Q1-17 from BHD 14.59 million …
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24 April 02:15 PM BHB closes Monday in red zone
Mubasher: The benchmark index of Bahrain Bourse (BHB) ended Monday’s trading session 0.08% or 1.08 points lower at 1,335.56 points. The market’s turnover shrank to about BHD 287,660 after the trading volume decreased to 1.28 million shares. The …
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24 April 01:54 PM Investcorp enlarges investments in US
Mubasher: Investcorp on Monday said that its US-based real estate arm has invested in an industrial portfolio of properties in Chicago and Boston for a total value of nearly $160 million.  This portfolio includes six real estate assets with an …