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  • GCC markets to deliver negative performance, amid political tensions, Analysts

    February 7, 2016 3:29 AM 9

    Mubasher: Financial analysts have expected that GCC stock markets will witness a negative performance at the outset of trading this week, namely after Saudi Arabia declared military intervention in Syria. Portfolio managers are likely to liquidate at a net realizable value, although they tended to selectively purchase during the late period, encouraged

  • EU economy continues growth for 4th year

    February 4, 2016 11:37 AM 8

    Mubasher: The European economy continued its moderate rise for the fourth straight year, boosted by consumption, according to a statement from the European Commission. Europe recorded this modest growth at a time most several global economies suffer difficulties due to major challenges and growth risks. EU economic growth will likely hit 1.7% this year, compared

  • Bahrain’s stock market closes in red zone

    February 4, 2016 10:46 AM 9

    Mubasher: The main index of Bahrain Bourse retreated 0.37% or 4.33 points to close at 1,177.14 points on Thursday. Bahrain Islamic Index inched 0.34% up or 2.61 points to 763.85 points. The market’s liquidity rose to about BHD 840,140 while trading volume decreased to 2.5 million shares. Arab Banking Group led the losers as it slid 6% hitting the investment

  • BHB’s benchmark down on Alba, AUB

    February 3, 2016 10:21 AM 12

    Mubasher: Bahrain Bourse (BHB) ended Wednesday’s trading session in the red zone, dragged by Alba and AUB stocks. The main index levelled 0.69% or 8.2 points down to 1,181.47 points. Also Bahrain Islamic Index dropped 1.4% or 10.9 points to close at 761.24 points. Alba was the top loser with a 5.4% decline to BHD 0.350, dragging the industrial sector

  • AUB offers £20m investment in new UK fund

    February 3, 2016 5:17 AM 8

    Ahli United Bank (AUB) has announced a subscription of more than £20 million for a new investment fund ‘Prime London Residential Development Fund II’ which is operated by Savills Investment Management. Thus, the fund’s total equity was raised for to over £80 million for investment in greater London residential development opportunities, in line with Savills

  • Bahraini shares resume bull run, fueled by Alba, Al Salam

    February 2, 2016 11:00 AM 11

    The main index bounced off the red territory it hit yesterday to close today’s session 0.51% or six points higher to 1,189.65 points. Coming in first, Alba grew 6.32% to BHD0.370, leading the industrial sector to top the advancers as it went up 6.08%. Al Salam Bank also surged by 4.82% to BHD 0.087, pushing the commercial banks sector to rise 0.13%. Yet, Bank of Bahrain

  • European shares trim losses on bullish economic data

    February 2, 2016 10:37 AM 8

    Mubasher: European shares trimmed their losses in Tuesday's early trading, boosted by positive economic data. The EU's unemployment rate was 9.0% in December 2015, stable compared to November 2015, and down from 9.9% in December 2014. Producer Price Index in December declined 0.8% compared to forecasts of 0.6% and previous reading of 0.2%, according

  • EU inflation data stays below estimates

    February 2, 2016 10:16 AM 7

    Mubasher: Producer Price Index monthly fell by 0.8% during last December, 2% worse than expected, while slipped 0.2% a month earlier, Eurostat office mentioned in a statement issued on Tuesday. On an annual basis, the index dropped by 3% at December, 0.2% higher than estimates, while fell 3.2% by the earlier month. EU inflation still does not meet the figures

  • GFH Capital pays semi-annual dividends

    February 1, 2016 12:00 PM 14

    GFH Capital (GFH) has recently distributed semi-annual dividends for a number of investments and funds, based on the company’s progressive dividend distribution policy, according to a statement. The dividends were paid to investors of GFH funds including investments in UAE’s Philadelphia Private School and Sheffield Private School, Saudi Arabia’s Event

  • Investcorp seals Veritext sale to U.S. firm

    February 1, 2016 8:16 AM 9

    Mubasher: Investcorp announced on Monday that it has completed the sale of Veritext Holdings to the US private equity firm Pamplona Capital Management, according to a bourse statement. Since acquired by the Bahraini provider and manager of alternative investment products, U.S. Veritext completed 16 acquisitions and expanded its presence to two new markets