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  • Bitcoin poses challenges to central banks

    September 17, 2017 1:21 PM 1

    Abu Dhabi – Mubasher: Arab Monetary Fund (AMF) chairman Abdulrahman Al Hamidy said on Sunday that the recent massive use of virtual currencies poses challenges to the central banks of Arab countries. The trading value of the Bitcoin has reached about $100 billion in 2017, Al Hamidy noted during an Abu Dhabi event held by the AMF. At the level of cross-border

  • Bahrain to host 32nd International Aluminium Conference

    September 17, 2017 12:55 PM

    Manama, Sep. 17 (BNA): Aluminium Bahrain B.S.C (Alba), the Bahrain-based world’s leading aluminium smelter, is a key partner and a host sponsor of the 32nd International Aluminium Conference. The conference which will be hosted in the Kingdom of Bahrain on September 25 -27 will feature a number of key speakers, thought leaders and aluminium experts including

  • Malaysia certifies UAE Halal Products System

    September 17, 2017 6:56 AM

    Abu Dhabi, Sep. 17 (BNA): The United Arab Emirates (UAE) has received Malaysia's recognition of the 'UAE Halal Products Control System', national certificates and the national Halal mark, which will facilitate the trade of UAE halal products and ensure acceptance in Malaysian markets, as well as markets that accept Malaysian halal systems certification

  • GPIC Chairman lauds company efforts

    September 16, 2017 10:24 AM

    Manama, Sep. 16 (BNA): The Gulf Petrochemical Industries Company (GPIC) Chairman and National Oil and Gas Authority (NOGA) Secretary General Dr. Ahmed Al Sharayan lauded the company’s dedication in preparing for the upcoming Gulf Petrochemical and Chemical Association (GPCA) Eighth Annual Conference in Bahrain. The event will be held under the patronage

  • UAE ranks 1st between Arab states in attracting DFI during 2016 – Ministry

    September 16, 2017 10:17 AM 1

    Dubai – Mubasher: The UAE ranked first between the Arab countries in attracting the direct foreign investments (DFI) during 2016, through acquiring 29% of them, at a value of $9 billion, according to analytical study by the UAE Ministry of Economy. The DFI’s inflows to the UAE increased 2.2% to reach $9 billion during 2016, compared to $8.8 billion during

  • Bahrain offers BHD 40bn real estate projects in Cityscape

    September 14, 2017 12:11 PM 1

    Abu Dhabi – Mubasher: The Bahrain wing in Cityscape Global 2017 exhibit, ended Wednesday, offered BHD 40.3 billion projects in the real estate sector. Cityscape Global represented an important marketing window for Bahraini real estate projects, which totalled BHD 95.4 billion. The Bahrain wing exhibited many projects, including Bahrain Bay, Diyar Al Muharraq

  • GFH to gain $2.3m from property exit

    September 13, 2017 1:45 PM 3

    Mubasher: Gulf Finance House Group (GFH) expects the exit from a real estate portfolio in Atlanta to have a positive effect on the results of the third quarter of 2017 and forecasts a 13.6% return from the deal. Liquid income from the divestiture will amount to $2.3 million, GFH, which is listed on the Bahrain Bourse, Boursa Kuwait, and the Dubai Financial

  • $32bn construction deals tendered in GCC – Report

    September 13, 2017 12:05 PM 3

    Dubai – Mubasher: The value of tenders for urban construction projects in the GCC region stood at $32 billion, the Arab Brazilian Chamber of Commerce (ABCC) stated in a report. Tenders for 801 urban construction projects worth a combined value of $32 billion are being tendered in the region the ABCC said, forecasting that the value of regional construction

  • GFH unit exits over $43m investments in US

    September 12, 2017 10:09 AM 5

    Mubasher: GFH Financial Group said that its subsidiary, GFH Capital, in the UAE has exited a real estate portfolio in Atlanta City, in the US. The deal is worth more than $43 million, according to a bourse statement issued on Tuesday. GFH clarified that it has acquired this real estate portfolio three years ago, and that the success of this exiting deal is attributed

  • KSA, UAE consider extending oil cuts

    September 11, 2017 4:13 PM 4

    Riyadh – Mubasher: Saudi Arabia’s energy minister Khalid Al Falih and his UAE counterpart Suhail Al Mazroui on Monday agreed on considering the extension of oil supply cuts beyond March 2018 depending on market fundamentals. During their meeting in Astana, Al Falih and Al Mazroui discussed oil market dynamics and "expressed satisfaction with improving