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  • Bahrain Bourse gains 3 points in week

    July 21, 2017 3:56 PM

    Mubasher: The main index of the Bahrain Bourse ended the week on a rise on the back of the stocks of the industrial and banking sectors, amidst a noticeable rise in liquidity. The main index rose by 0.23% or 3.02 points, in the week that ended on 20 July, to the level of 1,320.4 points. Traded volumes reached 40 million shares compared with 11 million

  • IMF approves EUR1.5bn loan for Greece

    July 21, 2017 8:13 AM

    Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF receives assurances from European partners on debt sustainability and provided that the economic program remains

  • Batelco quarterly profits drops to BHD 13.13m

    July 20, 2017 12:36 PM 2

    Mubasher: Bahrain Telecommunications (Batelco) on Thursday reported a 13.6% year-on-year drop in profits in the second quarter of 2017, according to a statement. The Bahrain-listed company achieved a profit of BHD 13.13 million ($34.6 million) in Q2-17 against BHD 15.20 million ($40.04 million) in Q2-16. Batelco attributed the decline in profits to the 1% shortfall

  • Investors likely to build new positions in GCC stocks

    July 20, 2017 4:51 AM 2

    Mubasher: Investors are expected to build up new positions in GCC listed stocks on Thursday, in line with the announcements of first-half financials which are expected to improve amid higher oil prices, analysts told Mubasher. The GCC stock markets are expected to recover amid anticipation for the remaining first-half financial results, financial analyst

  • BHB closes Wednesday up; liquidity rises

    July 19, 2017 1:50 PM 2

    Mubasher: The main index of the Bahrain Bourse (BHB) rose by the end of Wednesday’s trading session, bolstered by investment and industry stocks. The general index levelled up 0.31% or 4.08 points to reach the level of 1,319.03 points. Traded volume rose to 3.95 million shares on Wednesday from 3.18 million shares on Tuesday, while liquidity soared BHD 1.03 million

  • Emirates to form new partnership with Flydubai

    July 17, 2017 11:16 AM 6

    Dubai – Mubasher: Emirates will form a partnership with FlyDubai aimed at allowing the companies to feed passengers onto each other’s flights, according to a statement. The deal will include network collaboration and coordinated scheduling at Dubai International Airport. It will be rolled out from the fourth quarter starting with enhanced code-sharing

  • AUB to take part in $820m loan for Omani gas firm

    July 16, 2017 12:36 PM 5

    Mubasher: Ahli United Bank – Bahrain (AUB) on Sunday confirmed its participation in an $820 million financing deal for the Salalah liquefied petroleum gas (LPG) project. The loan will be a joint project with eight local, regional, international banks, AUB revealed in a statement, but did not specify its share in the loan. Last week, Oman’s Ministry of Oil and Gas announced

  • UAE, Saudi top states in infrastructure projects – BMI

    July 14, 2017 3:05 PM 4

    Mubasher: The UAE led the list of the countries that implement infrastructure projects with $427 billion, according to a report by Business Monitor International (BMI). Saudi Arabia ranked second with a value of $328 billion, while Egypt ranked third with $160 billion, the report added. Qatar came in fourth, followed by Kuwait, Iraq, Algeria, Oman, Jordan

  • BHB gains 6.53 pts in week

    July 14, 2017 10:39 AM 7

    Mubasher: The main index of the Bahrain Bourse (BHB) increased 0.5% or 6.53 points to reach 1,317.38 points in the week ended on Thursday, 13 July, against 1,310.86 points in the previous week. The industrial sector pushed the index up 2.4% as Aluminum Bahrain (Alba) went up 2.47% in a week. The investment sector levelled up 1.27% after Inovest surged

  • Oil prices up, increased demand for crude expected on Friday

    July 14, 2017 8:07 AM 4

    Mubasher: Oil prices rose during Friday’s trading activities, with investors’ expectations about international growth in demand for crude. By 7:20 am GMT, Brent crude futures edged up 0.02% to $48.43 per barrel (pb). The International Energy Agency (IEA) in its monthly report on Thursday has raised the estimate for crude’s demand by 100,000 barrels per day (bpd)