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Bahrain news

15 April 03:36 PM CNG car sales in India up on rising fuel prices
15 April 01:44 PM Eastern Europe’s construction industry likely to grow 3.6% in 2021
The activities in oil-exporting coutries are expected to recover in 2021
15 April 01:33 PM IMF expects MENA real GDP to grow 4% in 2021
Mubasher: The International Monetary Fund (IMF) has upgraded its outlook for the real gross domestic product (GDP) growth in the MENA region to 4% in 2021, compared to its October projection of 3.2%. The real GDP growth of the GCC countries is …
15 April 01:14 PM Dell to get up to $9.7bn following VMWare stake spinoff
Mubasher: Dell Technologies Inc plans to spin off its 81% equity ownership in cloud computing and virtualization software firm VMware.
Online shopping has become more of a long-term behavior change
13 April 03:18 PM Online shopping in KSA, UAE likely to grow during Ramadan – Report
Riyadh – Mubasher: A greater surge in online shopping is expected to be witnessed during the month of Ramadan, which has just started today on 13 April, a recent survey Checkout.com unveiled. Online spending by consumers in the UAE and Saudi …
Central Bank of Egypt - (Photo Archive)
11 April 01:47 PM CBE to introduce instant payment module, soft POS in 2021 - Deputy Governor
By: Marina Gamil Cairo – Mubasher: The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalising regulations, and introduce a soft point of sale (POS) system that allows the use of mobile phones as …
The shareholders also agreed on paying bonus shares
6 April 03:58 PM GFH's OGM approves $42m cash dividend, bonus share distribution
Mubasher: The ordinary general meeting (OGM) of GFH Financial Group has approved a cash dividend and bonus share distribution of $42 million. The cash dividend payout for all ordinary shares stands at 1.86% of the share nominal value or $0.0049, …
CEO of Mubasher Media, Assem El-Bassal
4 April 04:49 PM Du aims to turn beginners into professional investors – Mubasher Media CEO
Cairo – Mubasher: The coronavirus (COVID-19) pandemic and its negative implications on the global economy have highlighted the urgent need for platforms that help investors protect their funds, take wise investment decisions, and pursue …
The aggregate net profit of the GCC listed banks plunged by 32.2% YoY
1 April 01:48 PM GCC banking sector's profits record seven-year low in 2020
Mubasher: The net profits of the GCC banking sector hit their lowest levels in seven years, affected by the decline of profits in the fourth quarter (Q4) by almost a third on a quarterly basis to $5.3 billion due to higher provisions, according …
Assem El-Bassal, CEO of Mubasher Media - (Photo Archive)
29 March 05:49 PM Mubasher Media supports investors, plans expansion – CEO Assem El-Bassal
Riyadh – Mubasher: The CEO of Mubasher Media, Assem El-Bassal, said on Monday that the company is working on covering the main aspects across major sectors, led by the investors’ sector, by providing a perfect electronic environment for investors …
Mubasher seeks to enable beginners to become professional traders - (Photo Archive)
29 March 04:39 PM Mubasher's vision in line with Egypt's efforts to support investment plans - Rashad
Riyadh - Mubasher: The vision of Mubasher is in line with Egypt's efforts to support citizens' savings and investment plans and enable individuals and youth to further benefit from non-banking financial activities, according to …
The Arab markets haven’t witnessed sharp fluctuations during the crisis
29 March 04:25 PM Arab markets successfully managed COVID-19 crisis thanks to central banks - Abul-Gheit
Riyadh – Mubasher: The leaderships of Arab stock markets have shown great resilience in dealing with the repercussions of the coronavirus (COVID-19) pandemic, Ahmed Abul-Gheit, Secretary-General of the Arab League, said on Monday. The Arab markets …
Mohamed Farid, Chairman of the Egyptian Exchange - (Photo Archive)
29 March 02:15 PM Arab markets have 1,662 listed companies with $3.1trn in capital - EGX Chairman
Cairo – Mubasher: The Arab Federation of Exchanges (AFE) now has 21 members, representing 17 stock and commodity exchanges, four clearing companies, and several securities brokerage companies in the Arab region, the Chairman of the Egyptian …
Financial systems saw great changes during 2020 - (Photo Archive)
29 March 02:13 PM Arab markets lost $350bn at the pandemic's beginning - El-Dokany
Riyadh – Mubasher: Arab stock markets lost around $350 billion in market capitalisation in the first six weeks of the coronavirus (COVID-19) outbreak, according to the Secretary-General of the Arab Federation of Exchanges (AFE), Rami El-Dokany. …
Eng. Mohammed Al Ballaa, Chairman, Mubasher Financial Group
29 March 01:47 PM We aim at increasing investors in Arab markets - Mubasher Chairman
Riyadh – Mubasher: The Chairman of Mubasher Financial Group, Eng. Mohammed Al Ballaa, said on Monday that the use of financial technology (FinTech) has played a significant role in the success and growth of Mubasher companies. More than 10 years …
AFE Saudi Arabia 2021 will be held on 29-30 March
25 March 03:09 PM Saudi Arabia to host Arab Exchanges Federation Conference next week: Tadawul
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul), in partnership with the Arab Federation of Exchanges (AFE), is hosting the AFE Annual Conference Saudi Arabia 2021 from 29 to 30 March. The conference aims at creating a platform for …
Users can track their stocks through the Du Invest app
25 March 01:40 PM Mubasher provides e-payment methods for investors via Du app
Cairo – Mubasher: The Vice Chairperson of Mubasher Capital Holding for Financial Investments, Ehab Rashad, said that Egyptian expatriates have shown interest in investing in their homeland and are always looking for investment options. Mubasher …
Photo Archive
24 March 04:30 PM GFH inks agreement with Bahrain Bourse, CBB to join Murabaha service
Mubasher: GFH Financial Group has entered into an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB) to provide its clients with the Murabaha service. Launched by BHB in May 2020, the Murabaha service will be offered through …
Photo Archive
24 March 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 …
18 March 03:32 PM Google to invest $7bn in US offices, data centres
Google plans to invest more than $7 billion in offices and data centres across the US in 2021.
The cash dividend payout stands at one share for every 20 shares
18 March 11:29 AM Al Salam Bank's OGM nods to 5% dividends for 2020
Mubasher: The shareholders of Al Salam Bank – Bahrain have agreed to distribute cash dividends, equivalent to 5% of the paid-up share capital, for 2020. The cash dividend payout stands at one share for every 20 shares, aggregating at a total …
Mubasher has invested more than EGP 360 million in launching its new Du brand
17 March 05:16 PM Du Invest offers investment, savings schemes to individuals, institutions
Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, has launched a new investment platform that helps individuals of all income classes to invest their savings. Mubasher has invested …
Almarai will finance the acquisition from its operating cash flow
16 March 11:34 AM Almarai acquires Bakemart in UAE, Bahrain for AED 93.5m
Riyadh - Mubasher: Almarai Company has signed a sale and purchase agreement to acquire all shares in Bakemart UAE and Bakemart Bahrain for an enterprise value of AED 93.5 million ($25.5 million) Bakemart's businesses focus on the manufacturing and …
11 March 03:21 PM BMW 2020 profit falls on pandemic impact, despite China-lead rebound
BMW said its operating profit for 2020 fell due to the COVID-19 pandemic.
Issuances of green bonds will renew their momentum in 2021
11 March 01:57 PM Financial institutions to record 30% higher sustainable bond issuance in 2021 - Moody's
Mubasher: The issuances of green, social, and sustainability bonds by global financial institutions and development banks will reach around $300 billion in 2021, Moody's Investors Service referred in its report published on Thursday. This amount …