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  • Al Baraka Banking Group B.S.C. (BARKA) Annual General Meeting (AGM) & Extraordinary General Meeting (EGM) Results

    March 20, 2017 12:12 PM 13

    The AGM & EGM of Al Baraka Banking Group B.S.C. (BARKA) were held on Monday 20/3/2017 at 1:00 p.m. with a quorum of 84.51%. Both the AGM & EGM approved their proposed agendas including the distribution of Cash Dividends equivalent to 1% amounting to 1 US cent per share and Bonus Shares of 5% i.e. 1 shares for every 20 shares. Hence, Al Baraka Banking

  • BHB falls at Monday’s close

    March 20, 2017 10:38 AM 17

    Mubasher: The benchmark index of the Bahrain Bourse (BHB) went down 0.22% or 2.97 points to 1,374.22 points on Monday. The services sector retreated 0.71%, dragged by Batelco and Zain which lost 1.45% and 1.05%, respectively. Meanwhile, the investment segment retreated 0.18%, dragged by United Gulf Bank which fell 6.82%. BHB’s turnover shrank to about

  • Egypt receives two oil shipments from Saudi Aramco

    March 19, 2017 5:40 PM 27

    Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources announced on Sunday that Egypt has received two diesel shipments from Saudi Aramco on Friday and Saturday. The minister remarks were made on the sidelines of an energy conference held in Cairo. The petroleum ministry announced last Wednesday that an agreement with Saudi Aramco

  • Inovest amends date of dividend distribution

    March 19, 2017 1:31 PM 8

    Mubasher: Inovest Company set the date for cash dividends distribution to Tuesday, 21 March 2017, according to a company statement. “The amendment of the date is out of our hands”, the company added in its statement to the Boursa Kuwait and Bahrain Bourse (BHB). Inovest’s ordinary general meeting (OGM) approved on 5 March distributing cash dividends

  • Oil to see more declines on higher US output

    March 19, 2017 3:40 AM 11

    Mubasher: Oil price is expected to fell below $50 this week with increased US inventories, according to analysts. Last week Brent crude oil shed 0.76% to $51.76 per barrel; US crude also lost 0.6% to $48.78 per barrel. Baker Hughes Oilfield Services on Friday announced that the number of the US oil rigs grew by 5 to reach a total of 631 in the week ended

  • Gold to rise, US dollar to decline on slow rate – Analysts

    March 19, 2017 3:38 AM 6

    Mubasher: US Fed's late hints about the slowdown of increasing the interest rate this year will encourage investors to buy gold this week and push the US dollar to more declines, according to analysts. On Wednesday, the US Fed decided to raise interest rates to between 0.75% and 1.00%. The fed's latest hints concerning tightening its financial policy

  • BHB index closes Thursday higher

    March 16, 2017 10:24 AM 23

    Mubasher: The benchmark index of the Bahrain Bourse (BHB) gained 0.30% or 4.07 points to close at 1,374.63 points on Thursday. The industrial sector topped gainers with 1.02%, on the back of Alba which rose 1.05%. Meanwhile, the services segment was the only decliner with 0.38%, dragged by Seef which fell 3.67%. BHB’s turnover increased to BHD 2.07 million

  • Gold prices rise despite Fed decision

    March 16, 2017 3:32 AM 15

    Mubasher: Gold prices rose early Thursday despite an increase in the value of the US dollar after the Federal Reserve Bank decided to increase interest rates by 0.25%. By 03:10 am GMT, spot gold grew 1.97% to $1,224.35 an ounce, while silver added 3.16% to $17.457 an ounce. On Wednesday, the US Fed decided to raise interest rates to between 0.75% and 1.00%. The Fed's

  • Adel Al Hosani raises stake in GFH

    March 15, 2017 11:37 AM 16

    Dubai – Mubasher: Adel Ibrahim Al Hosani raised its stake in GFH Financial Group from 5.88% to 5.95%, according to data by the Dubai Financial Market (DFM). The shareholder had also increased its stake in the company on Tuesday from 5.35% to 5.88%. In late February, Adel Ibrahim Al Hosani has become one of the major shareholders in GFH after acquiring

  • Sukuk Al-Ijara issue 139 fully subscribed

    March 15, 2017 8:52 AM 18

    Manama, Mar. 15 (BNA): The monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been subscribed by 100%, announced the Central Bank of Bahrain (CBB). Subscriptions worth BD 26 million were received for the BD 26 million issue, which carries a maturity of 182 days. The expected return on the issue, which begins on 16th March 2017 and matures