Bahrain news

Turbulences in global financial markets will need to be tackled along the way
2 hours ago BIS calls on central banks to hike rates
Mubasher: The Bank for International Settlements on Sunday called on the world's major central banks to increase interest rates. Turbulences in global financial markets will need to be tackled along the way, Reuters reported, citing the BIS, which …
(Photo credit: Radio Free Europe)
12:42 PM Alternative to Qatar demands 'not escalation but parting ways' says UAE minister
Early on Saturday, a top UAE official stated that if Qatar failed to accept the ultimatum issued by Arab states against it, then the alternative would "not [be] escalation but parting ways", Reuters reported. "The alternative is not escalation, …
Lawmakers failed to access their emails away from Westminster
12:02 PM UK lawmakers suffer cyber security attack – AP
Mubasher: One month after the ransomware attack crippled the UK's health service, a new attack was launched against the British parliament on Saturday, The Associated Press reported. Hackers attempted to gain access to email accounts, officials …
The services sector lost 0.67%
23 June 04:48 PM Bahrain Bourse sheds 1.06% in week
Mubasher: The benchmark index of the Bahrain Bourse fell 1.06% or 14.06 points to 1,312.96 points during the week ended Thursday, 22 June. Traded value increased to BHD 2.62 million versus BHD 2.27 million the week before, whereas traded volume …
The report predicted that only nine countries will form half of the world's population by 2050
23 June 04:38 PM UN raises world population forecasts to 9.8bn by 2050
Mubasher: The world's population is expected to grow to 8.6 billion by 2030, 9.8 billion by 2050 and 11.2 billion by 2100, mainly driven by Africa's rising populations, according to The United Nations' (UN) forecasts. The UN adjusted its previous …
The relocation will result in hundreds of jobs leaving London
23 June 03:51 PM EU to relocate 2 agencies from London
Mubasher: The European Union (EU) on Friday announced it would move the European Medicines Agency (EMA) and European Banking Authority (EBA) out of London by the Brexit deadline, set on 30 March 2019, according to BBC News. The EU will hold a …
The banks segment was the only decliner
22 June 02:29 PM BHB closes Thursday in red zone
Mubasher: The benchmark index of the Bahrain Bourse (BHB) closed Thursday’s session 0.03% or 0.44 points lower at 1,312.96 points. The market’s trading value shrank to about BHD 519,450 on Thursday from around BHD 617,930 in the previous session, …
Bahrain Bourse
22 June 11:57 AM BHB announces Eid al-Fitr holiday
Mubasher: Bahrain Bourse (BHB) announced that it will be closed on the three-day Eid al-Fitr vacation, according to a statement issued on Thursday. If Eid al-Fitr will start on Sunday, 25 June, the working hours of the stock market will resume on …
Traders at Dubai's bourse
22 June 10:56 AM GFH stock declines 7%
Dubai – Mubasher: The GFH Financial Group’s stock fell 7.5%, following the decline of Integrated Capital’s stake in the company. GFH’s stock declined by 11:52 am UAE time to AED 1.970, its lowest level since January. The stock saw trading of 83.72 …
Traders at Abu Dhabi's bourse
22 June 08:17 AM GCC bourses likely to see calm trades ahead of Eid Al Fitr - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see calm trading on Thursday as investors are shying away from building new positions ahead of the Eid Al Fitr holiday, amid the decline of oil prices to their ten-month low, …
BKIC acquires 2.24m shares in Takaful International
21 June 04:28 PM BKIC acquires 2.24m shares in Takaful International
Kuwait – Mubasher: Bahrain Kuwaiti Insurance Company (BKIC) announced on Wednesday the conclusion of the unconditional mandatory cash offer to acquire 2.24 million shares or 3.59% of the total shares of Takaful International. BKIC has deposited …
EgyptAir will have four flights per day from Bahrain
21 June 03:29 PM EgyptAir provides 15 flights for returnees from Bahrain
Cairo - Mubasher: EgyptAir has offered 3,400 seats for Egyptians coming from Bahrain through 15 flights at four per day. The chairman and CEO of the Egyptian airlines, Safwat Musallam, said that the extra trips will be available between 22 to 25 …
AUB was the most active stock
21 June 02:14 PM BHB closes Wednesday in red zone
Mubasher: The main index of the Bahrain Bourse (BHB) closed Wednesday’s trading session in the red zone, falling 0.44% or 5.78 points to 1,313.41 points. The market’s turnover grew to about BHD 854,931 on Wednesday from nearly BHD 207,324 in the …
Qatar, the world’s second largest helium producer, has already solved the problem of its helium output suspension
21 June 01:12 PM Qatar able to endure blockade, sanctions - CEO
Doha – Mubasher: Qatar is able to forever face the blockade imposed by some Arab and GCC states as its oil and gas industries will not be negatively impacted, Qatar Petroleum’s (QP) CEO Saad Sherida Al-Kaabi said on Tuesday. "With what we have …
Integrated Capital will remain the beneficial owner of these shares
21 June 10:45 AM Integrated Capital transfers GFH stake to Ajman Bank
Mubasher: Integrated Capital has transferred 21 million of GFH Group’s shares to Ajman Bank, according to a bourse filing by GFH issued on Wednesday. Integrated Capital will remain the beneficial owner of these shares, while its total direct and …
The Minister of Investment met with representatives from British companies operating in Egypt
20 June 06:09 PM Egypt saw $43bn of British investments last decade
Cairo - Mubasher: The Egyptian minister of investment and international cooperation said that the investments of British companies in Egypt reached $43 billion in the last ten years. Sahar Nasr added on Tuesday that British companies expressed …
S&P expects Islamic finance growth to settle at 5% for two years
20 June 05:03 PM Islamic finance assets reach $2trn in 2016 - S&P
Mubasher: A report by Standard and Poor's Global Ratings (S&P) showed that assets of the Islamic finance industry amounted to $2 trillion by the end of 2016. The rating agency expects the industry to continue to grow this year, then lose some …
The banks segment gained 0.50%
20 June 01:40 PM BHB closes Tuesday higher after 4 sessions in red
Mubasher: The main index of the Bahrain Bourse (BHB) closed Tuesday’s trading session higher after it had been declining for four consecutive sessions. The banks segment gained 0.50%, on the back of NBB which levelled up 2.31% to be the only …
Doha is ready to discuss all GCC concerns according to principles that were previously agreed on
20 June 12:15 PM Qatar takes legal action to open flight routes – Minister
Doha – Mubasher: Qatar is currently taking legal procedures to open the routes for Qatari flights, Al Arabiya Channel said via its Twitter account, citing Qatar's minister of foreign affairs Mohammed bin Abdulrahman Al-Thani as saying. Doha is …
Traders at Saudi bourse
20 June 07:58 AM Saudi, UAE stocks attract institutional, foreign liquidity - Analysts
By: Mahmoud Gamal Mubasher: Institutional and foreign traders tended to invest in mid- and small-cap stocks listed on the Saudi and UAE stock markets, pushing them to rise, analysts told Mubasher. The GCC stock markets are expected to see a …
Qatar sees sharp FDI drop in 2016 - UNCTAD
19 June 05:23 PM Qatar sees sharp FDI drop in 2016 - UNCTAD
Doha – Mubasher: Foreign direct investment (FDI) in Qatar dropped during 2016, according to a report issued by the United Nations Conference on Trade and Development (UNCTAD). FDI in the Gulf state reached $774 million in 2016, compared to $1.071 …
The first phase will create around 100 jobs
19 June 04:06 PM Meethaq inks $14m financing deal
Mubasher: Meethaq Islamic Banking, a subsidiary of Bank Muscat, announced signing an agreement with SAFE Alloys LLC to establish a low carbon ferro chrome production plant at Sohar Free Zone. The plant, which will be the first of its kind in the …
The banks segment retreated 0.66%
19 June 02:39 PM BHB closes Monday in red zone
Mubasher: The benchmark index of the Bahrain Bourse (BHB) edged down 0.5% or 6.6 points to close Monday’s trading session at 1,316.52 points. The market’s trading value grew to about BHD 491,230 on Monday from nearly BHD 198,600 in the previous …
Traders at Boursa Kuwait
19 June 08:15 AM GCC stocks’ trend dependent on oil prices - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to suffer further losses on Monday, amid anticipation of the performance of oil prices, which fell to their lowest level since the beginning of this year, analysts told Mubasher. …
The Dolphin pipeline links the Qatari North Dome field with the UAE and Oman
18 June 04:27 PM Qatari gas supply to UAE to continue – SNOC
Abu Dhabi – Mubasher: The natural gas supply from Qatar to the UAE will not stop after the diplomatic rift between Qatar and some Arab and Gulf states, Reuters reported, citing Sharjah National Oil Corporation’s (SNOC) CEO Hatem Al Mosa as saying. …