-
Construction Costs in Manama, Muharraq Raised within Agreement among Contractors
2018-08-07
Local newspaper reported that construction costs in Manama and Muharraq have been rising, quoting people who plan to start new construction projects. Sources pointed their fingers to an agreement amongst contractors to increase prices in the aforementioned areas.
-
Bahrain Kuwait Insurance to Merge Its Branches with Takaful International after Acquiring Most of its Shares
2018-08-06
Bahrain Kuwait Insurance is currently considering merging its branches and some supportive services with Takaful International has acquired 77.25% in Takaful International, the chairman of Bahrain Kuwait Insurance Murad Ali Mohamed Murad said.
-
BTEA Opens Registration to Vatel Hotel and Tourism Business School
2018-08-06
Bahrain Tourism and Exhibitions Authority (BTEA) announced the commencement of registration to the ‘Vatel Hotel and Tourism Business School’. Chief Executive Officer of BTEA said that “a total of 25 students will be selected to enroll in the school, furthermore, the students will be matched with jobs that meet their academic qualifications.”
-
Reuters: Bahrain Government Rejects Parliament's Subsidy Reform Plan
2018-08-05
Bahrain’s government has rejected parliament’s proposals to reform allowances paid to Bahrainis squeezed by years of austerity on the grounds that they would break government spending caps, lawmakers said.
-
100 BD worth of Due Government Bonds Written off
2018-08-05
Bahrain Bourse announced writing off the 10th issuance of government bonds by the Central Bank of Bahrain on behalf of the Government from its lists starting Sunday, August 5, 2018.
-
Moody's Downgrades Bahrain's Rating, Expects Its Debt Burden to Rise to 100% of GDP
2018-08-04
Rating agency Moody's downgraded on Thursday the government of Bahrain's long-term issuer ratings to B2 from B1 and maintained the negative outlook. Moody's expected Bahrain's debt burden to rise to around 100% of GDP
-
Bahrain Stock Exchange Index Continues to Decline by 0.36 Percent
2018-08-04
The general index of the Bahrain bourse closed Wednesday (August 1, 2018) with a limited decline, falling to 1353.45 points against 1358.35 points, losing 0.36 percent, i.e. 4.90 points, shrinking index gains since the beginning of the year to 1.63 percent.
-
Increasing Market Value of National Bank Raises Insurance Profits
2018-08-03
The market value of Ahli United Bank (AUB) rose between June 25 and recently by 290.3 million BD, increasing from 1.8 billion to 2.1 billion.
-
Osoul Company Says It Doesn't Manage All Pension Fund's Money, Refuses to Reveal Size of Written off Investments
2018-08-02
Osoul Investment Company (the investment arm of public authority for social insurance) said that it manages part of assets of pension fund of the Public Authority for Social Insurance.
-
Bahrain Family Leisure Company Loses BD 777 Thousand
2018-08-02
Bahrain Family Leisure Company suffered losses in the second quarter of 2018 of about BD 777.1 thousand, versus BD 473.3 profit in the same period in 2017.
-
Government of Bahrain Managed to Borrow BD 185 Million
2018-08-02
Central Bank of Bahrain (CBB) said it managed to borrow 185 million on behalf of the Government of Bahrain. The bank said that the Government Development Bonds issued by the CBB on behalf of the Government of the Kingdom of Bahrain were covered.
-
Oil Prices on Rise, Analysts Expect Jump to $100
2018-08-02
Oil prices rose on Monday, despite increase of crude oil drilling platforms in the United States, a news agency reported.
-
Government Payments via eProtals Increased BD 50 Million Compared to 2017
2018-07-30
Information and eGovernment Authority (iGA) said that its epayment amount exceeded BD 50 million in the period from January until June 2018, versus the same period in 2017. This means an increase of 74 %.
-
“Tamkeen” Launches Program to Provide Unemployed with Practical Experience in Private-Sector Institutions
2018-07-26
Tamkeen has launched its Internship Scheme to provide interns with opportunity to gain practical experience through a training period with an institution in the Kingdom of Bahrain.
-
Investable wealth in Bahrain to Reach $54 billion by 2022
2018-07-26
Investable wealth in Bahrain is expected to grow at a compound annual growth rate (CAGR) of 4 per cent by 2022, said a new report by The Boston Consulting Group (BCG).
-
Tender Board: 1892 Tenders Awarded in 2017, Worth 156% More in Value than 2016
2018-07-25
The annual report released by the Tender Board said that the total number of opened tenders reached 1091 in 2017, up by 9.2% from the previous year. In response, 5208 bids were submitted, to which 1892 tenders were awarded worth BHD 3.75 billion in total value.
-
Alba Announces BD 62.9 Million Net Income for First Half of 2018
2018-07-25
Alba generated a Net Income of BD 29.1 million (US$ 77.4 million) in the second quarter of 2018 versus BD 17.7 million or the same period in 2017 up by 65% Year-over-Year (YoY).
-
Bahrain is Least Gulf States to Invest in US Bonds
2018-07-24
The US Treasury data showed that Bahrain is the least state among GCC states that invests in US Treasury.
-
Mumtalakat Invests $10.6 Billion around World
2018-07-24
Sovereign Wealth Fund Institute data showed that Mumtalakat “Bahrain’s investment arm” invests about $10.6 billion around the world. The institute’s data stated that the sovereign fund in Bahrain occupied the 38th rank among the largest sovereign wealth funds in the world.
-
Kuwait Finance House Announces Tying up Phases with Bahrain’s Ahli United Bank
2018-07-24
The chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that its potential tie-up with Bahrain's Ahli United Bank will occur on phases.