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Bahrain news

Flights to Los Angeles will be resumed from 22 July
9 July 03:08 PM Emirates airline reopens flights to six more cities
Dubai - Mubasher: Emirates airline on Thursday announced the resumption of services to six more destinations, taking the airline’s network to 58 cities by mid-August, including 20 points in Europe and 24 points in the Asia Pacific region. Flights …
The decision was made after reviewing Brent prices from April to June
9 July 11:08 AM Egypt keeps fuel prices on hold for 3M
Cairo – Mubasher: The Egyptian fuel pricing committee decided to maintain the prices of fuel unchanged for three months until the end of September.  The per-litre prices of 80-octane, 92-octane, and 95-octane gasoline are left at EGP 6.25, EGP …
8 July 04:04 PM United States to leave WHO next year
The United States will withdraw from the World Health Organization (WHO) on 6 July 2021.
The deployment was launched at stc Bahrain’s corporate headquarters
8 July 03:16 PM stc Bahrain rolls out first large-scale indoor 5G deployment
Mubasher: stc Bahrain has launched the first local integrated large-scale indoor 5G commercial deployment, declaring that it has achieved a new milestone in developing an integrated network infrastructure that supports the 5G connectivity. The …
The shipment is expected to take place between 8 and 18 August.
8 July 11:21 AM Egypt buys 230,000 tonnes of Russian wheat
Cairo – Mubasher: The Egyptian General Authority for Supply Commodities (GASC) has purchased 230,000 tonnes of Russian wheat in an international tender on Tuesday, Reuters reported. The shipment is expected to take place between 8 and 18 August. …
7 July 05:30 PM Eurozone expected to see deeper recession than forecast
The euro zone economy will slide deeper into recession in 2020 and recover less in 2021 than previously expected
This is NEOM’s first partnership with leading renewable energy partners
7 July 03:47 PM NEOM, ACWA Power, Air Products ink $5bn agreement
Riyadh - Mubasher: Air Products has signed an agreement with ACWA Power, and NEOM for a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, equally owned by the three partners, will be …
The airline aims to operate nearly 45% of its pre-COVID capacity by August
7 July 12:54 PM Etihad Airways to expand services to 58 cities worldwide
Abu Dhabi - Mubasher: Etihad Airways announced the gradual expansion of normal scheduled services to more cities across its global network following the relaxation of COVID-19 travel restrictions on outbound and inbound travel for citizens and …
The offers will be received on Tuesday 12:00 pm
7 July 10:49 AM Egypt launches int’l wheat tender
Cairo – Mubasher: The Egyptian General Authority for Supply Commodities (GASC) launched on Monday a global tender to import an unspecified amount of wheat during the period from 8 to 18 August, Reuters reported. The offers will be received on …
6 July 05:37 PM Big four auditors in UK to separate practices by mid-2024
The UK's Big Four accounting firms, comprising PwC, Deloitte, KPMG, and EY, will separate their audit practices by June 2024.
The government pays farmers between EGP 670 and EGP 700 per ardeb
6 July 04:33 PM Egypt buys 3.5m tonnes of local wheat since mid-April
By: Mohamed Mowafy Cairo – Mubasher: The Egyptian Holding Company for Silos and Storage has received more than 3.5 million tonnes of wheat from local farmers since the beginning of this season which started in mid-April, the company’s chairman …
6 July 04:27 PM Uber acquires on-demand food delivery app Postmates for $2.65bn
Uber Technologies Inc. has acquired food-delivery service Postmates Inc. for about $2.65 billion in an all-stock transaction.
GCC banks' interest income is expected to decline this year
6 July 11:57 AM GCC banks to witness lower profits in 2020 amid COVID-19
Mubasher: The profits of banks in GCC countries will decrease in 2020 due to the economic contraction amid the coronavirus (COVID-19) pandemic and lower oil prices, Moody's Investors Service said in a report on Monday. Moody's referred that …
Fields in the zone could produce around 500,000 b/d
6 July 11:32 AM Saudi Arabia, Kuwait resume oil output from Al Wafra, Khafji
Mubasher: Saudi Arabia and Kuwait have resumed crude oil production from Al Wafra oilfield on 1 July after it has been halted for five years, the Kuwaiti Ministry of Oil announced on Monday. Meanwhile, crude oil production from Khafji oilfield, …
Aramco raised August prices to all markets
6 July 11:04 AM Saudi Aramco raises August oil prices
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has raised the August official selling prices (OSP) for its Arab light crude oil sold to all markets, Reuters reported on Monday. The oil giant set the August OSP for Asian customers …
5 July 04:12 PM Fujifilm collaborates with GRA, Dr Reddy’s for potential coronavirus drug
Global Response Aid (GRA) and Dr. Reddy’s Laboratories signed an agreement with Japan’s FujiFilm Corporation for the production and distribution of Avigan.
2 July 04:44 PM US initial jobless claims surge 1.427m
The initial jobless claims in the US increased for the first time more than expected by 1.427 million in the week ending on 27 June.
1 July 05:41 PM Asia's economy likely to contract 1.6% in 2020
The IMF expected that Asia's economy will retreat by 1.6% for the first time in history during 2020.
1 July 04:21 PM EasyJet to slash jobs in Berlin, cancel German domestic flights
EasyJet said on Wednesday that it plans to cut jobs and the number of aircraft stationed in Berlin.
Brent crude futures declined 56 cents
1 July 11:31 AM Kuwaiti crude oil increases $1.2 pb on Tuesday
Mubasher: Kuwaiti crude oil prices rose by $1.22 to $36.34 per barrel (pb) on Tuesday, compared to $35.12 on Monday, 29 June, according to Kuwait Petroleum Corporation (KPC). Globally, the crude oil prices fell amid the increasing concerns over …
The price for Octane 91 has been set at SAR 0.98 per litre
1 July 10:45 AM Saudi Aramco adjusts fuel prices after latest VAT hike
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has adjusted the local fuel prices after the decision to increase the value-added tax (VAT) to 15% came into effect on Wednesday.     The oil giant has set the prices for the Octane …
30 June 06:07 PM UK's economy slides to 40-year low in Q1-20
The UK’s economy witnessed the steepest drop since 1979 during the first quarter of 2020 as household spending collapsed to record levels.
The greenback slid to EGP 16.08 for buying at ALEXBANK and Suez Canal Bank
30 June 04:01 PM USD falls against EGP at local banks on Tuesday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound fell by about EGP 0.02 at local banks on Tuesday. The greenback slid to EGP 16.08 for buying and EGP 16.18 for selling at ALEXBANK and Suez Canal Bank. Meanwhile, the USD …
29 June 05:15 PM UK aims to sell GBP 275bn of debt in 5M
The UK is looking to raise a record GBP 275 billion ($340 billion) of government debt from April until the end of August
29 June 05:02 PM BP to sell petrochem business to INEOS for $5bn
London-based BP has approved to sell its global petrochemicals business to INEOS, one of the world's largest chemical producers, at a total of $5 billion.