May 7th, 2019 | 0 commentsEagle Hills Diyar, the developer of Bahrain’s iconic waterfront project Marassi Al Bahrain, said it has signed an agreement with a syndicate of banks from UAE and Bahrain for $374 million to finance the construction of Marassi Galleria, Address Hotel and Vida Hotel. The syndicated financing underscores the banks’ confidence in the strengt...
May 7th, 2019 | 0 commentsThe Bahrain Economic Development Board (EDB) has signed a memorandum of understanding (MoU) with the Istanbul Development Agency (IDA) for co-operation on the development of start-up ecosystems in their respective countries. The MoU was signed by Pakiza Abdulrahman, manager of Business Development - Startup at the EDB and Fatih Piskin, se...
May 7th, 2019 | 0 commentsBahrain Islamic Bank (BisB) posted a slight decrease of 1.9% in profits attributed to shareholders during the first quarter of 2019 compared to the same period a year ago. The bank’s profits attributed to shareholders declined to BHD 2.19 million in Q1-19 from BHD 2.15 million in Q1-18, according to a bourse disclosure on Sunday. Gross in...
April 30th, 2019 | 0 commentsHis Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier, sent a cable of condolences to Vietnamese President Nguyễn Phú Trọng on the demise of former Vietnamese President Le Duc Anh. He prayed to Almighty God to have mercy on the deceased and bless his family and the Vietnames...
April 30th, 2019 | 0 commentsHis Majesty King Hamad bin Isa Al-Khalifa has today received, at his residence in Paris, French Minister of the Economy and Finance Bruno Le Maire, marking his visit to France. He discussed with the French minister joint cooperation and the consolidation of promising economic, financial, banking and investment opportunities that su...
April 30th, 2019 | 0 commentsBusiness Development Forums & Expo (BDFEX) 2019, the inaugural downstream and local content oil and gas and petrochemical industry forum, ended on a successful note with the signing of five MoUs with Saudi corporations. As per the contracts, these Saudi entities will launch several projects in GCC, particularly in Bahrain. During the...
April 30th, 2019 | 0 commentsThe Bahraini business delegation accompanying His Majesty King Hamad bin Isa Al Khalifa on his visit to France signed 12 agreements and memoranda of understanding worth $2 billion with French companies and institutions. The agreements were signed with the aim of strengthening bilateral economic relations between the two countries and incr...
April 24th, 2019 | 0 commentsBahrain All Share Index has closed at 1,438.31 points marking a decrease of 4.47 points below the previous closing . This decrease was due to the fall in the Commercial Banks Sector, Investment Sector and Insurance Sector. Bahrain lslamic Index has closed at 802.06 points marking a decrease of 14.58 points below the previous closing ....
April 24th, 2019 | 0 commentsHis Majesty King Hamad bin Isa Al-Khalifa today held a session of talks with Hungarian President János Áder on bolstering joint cooperation in all fields, focusing also on regional and international developments of mutual interest. HM the King thanked President Áder for the warm welcome and kind hospitality, lauding good bilateral...
April 24th, 2019 | 0 commentsThe Central Bank of Bahrain (CBB) on Tuesday announced that the BHD 100 million ($265.22 million) government treasury bills issuance No. 56 was subscribed. The bills will mature in 12 months with a 3.91% yield, the CBB added. The bills are issued by the central bank on behalf of the Bahraini government. -Mubasher
