Bahrain news

22 January 11:28 PM Oil goes down at Tuesday’s settlement on slower global growth
Mubasher: Oil futures settled down on Tuesday, as the IMF lowered its expectation regarding the growth of the global economy.
22 January 10:41 PM Gold settles higher on Tuesday
Mubasher: Gold settled up on Tuesday, as tensions rise between the US and China, threatening the possibility of reaching a trade agreement.
The report was published ahead of MEDLAB 2019
22 January 07:43 PM MENA’s clinical laboratory services market hits $10bn – Report
Dubai - Mubasher: The clinical laboratory services market in the Middle East & North Africa Region (MENA) is estimated at $8-$10 billion with a major increase in doctor’s decisions based on laboratory test results, according to a report released …
22 January 07:06 PM Halliburton swings into profit in Q4
Halliburton turned to profit in the fourth quarter of 2018, while its total revenue declined marginally.
22 January 07:00 PM Al Baraka Bank–Egypt names new chairman
Mubasher: The board of Al Baraka Bank–Egypt has elected Ibrahim Al-Shamsi as a new chairman, to succeed Adnan Ahmad Youssef, who was appointed to the position in 2008.
22 January 06:09 PM Gas futures fall 9% on slower global growth fears
Gas future prices dropped by more than 9% on Tuesday, as worries mounted over a global economic slowdown.
22 January 05:29 PM Gulf nations to bolster Pakistani economy with $30bn loans, investments
Prime Minister Imran Khan turned to Arab Gulf nations to shore up the economy.
EGP mixed against FX currencies Tuesday
22 January 04:02 PM EGP mixed against FX currencies Tuesday
Cairo – Mubasher: The performance of the Egyptian pound was mixed on Tuesday against foreign currencies at national and private banks. Misr Iran Development Bank (MIDB) offered the highest US dollar rate at EGP 17.9 for buying and EGP 17.98 for …
22 January 02:49 PM India’s solid economic growth, regulatory reforms to boost insurance sector
India’s insurance and reinsurance sectors would grow strongly thanks to a robust economy and evolving regulations, Moody’s Investor Service said in a new report.
22 January 02:05 PM Global financial system risks remain modest despite uncertainty – Moody’s
As global financial markets are facing risks amid mounting volatility and market turbulence, the threat level to the overall financial system remains mild.
22 January 01:32 PM German business morale improves in January
German economic confidence saw an improvement in January, survey data showed on Tuesday.
22 January 12:59 PM Updated UK jobless rate ticks lower in 3M
The number of working people increased between the three months ended August 2018 and the three months ended November 2018.
22 January 12:35 PM Gold stabilises early Tuesday as stronger dollar curbs safe-haven appetite
Gold prices steadied earlier on Tuesday, but a strong US dollar kept a lid on gains for the precious metal.
22 January 12:14 PM UAE denies Boeing 747 landing on Fujairah Corniche
22 January 12:00 PM Oil falls on fears of China economic weakness spread
Oil prices dropped on Tuesday amid signs that an economic slowdown in China would spread, as worries mounted over the future fuel demand.
22 January 09:51 AM UAE stocks top GCC peers – Analysis
The UAE-listed stocks are currently the best financially and technically in the region in terms of investments attraction
21 January 06:57 PM IMF downgrades global growth forecast for 2019, 2020
The International Monetary Fund lowered its world economic growth projections for this year and next, due to weakness in Europe and some emerging markets.
21 January 05:18 PM No-deal Brexit can be avoided – German economy minister
A scenario in which the UK leaves the European Union without a trade deal could be avoided.
21 January 05:02 PM Copper drops on soft Chinese data
Copper prices on Monday fell as Chinese data confirming market worries that growth in the world’s second largest economy is losing momentum.
21 January 04:31 PM Japan resumes oil imports from Iran
Japanese refiners have loaded Iranian crude onto carriers, resuming imports from Tehran after ceasing purchases due to the US sanctions.
Warba Bank is still in negotiations with Bahrain's Ahli United Bank and Ahli United Bank - Kuwait to purchase their shares in KMEFIC.
21 January 04:14 PM Talks in progress over acquiring 74% stake in KMEFIC - Warba Bank
Mubasher: Warba Bank is still in negotiations with Bahrain's Ahli United Bank (AUB) and Ahli United Bank - Kuwait (AUB Kuwait) to purchase their shares in Kuwait and Middle East Financial Investment (KMEFIC). No final agreement has been reached …
21 January 03:14 PM German producer prices decline to 7M low in December
Germany’s producer prices retreated to a seven-month trough in December 2018, official figures showed on Monday.
21 January 03:10 PM Growing tourist demand to boost Saudi hotel sector – Savills
Saudi Arabia's hotel sector is expected to continue positive performance in the coming period, Savills said in a recent report
21 January 02:44 PM Germany bans Iranian airline from airspace
Germany prevented an Iranian airline accused of transporting weaponry and advisers to support President Bashar Al-Asad's forces in Syrian civil war.
21 January 02:21 PM Facebook to limit WhatsApp text forwarding to 5 recipients
Facebook’s WhatsApp messenger would limit the number of recipients to whom a user can forward a message to five.