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1-10 results from 1000 for query «bahrain»

October 17, 2018 10:52 AM GCC members raise holdings in US T-bills

Mubasher: GCC member states have raised their holdings of US treasuries and bonds by a combined 0.9% to $285.574 billion in August from $283 billion in July. Globally, China continued to take the lead on US treasury holdings. Kuwait came in second on the list in terms of holdings with $43.6 billion, up 1.6% month-on-month in August from $42.9 billion

October 16, 2018 9:04 AM GFH stock rises despite BHB’s downward performance on Tuesday

Mubasher: The stock of GFH Financial Group registered a rise despite the decline of Bahrain Bourse (BHB) on Tuesday. By 11:30 am Bahrain time, GFH gained 1.45%, hitting the highest trading volume of 1.48 million shares at a value of about KWD 518,700. Ten transactions were registered on GFH's stock at a valued of $0.350 per share. The benchmark index

October 11, 2018 11:14 AM Saudi Arabia grants Bahrain $25bn as part of GCC Development Programme

Mubasher: The Bahraini government has signed a $25 million cooperation agreements with the Saudi Fund for Development (SFD) as part of the GCC Development Programme. The first deal entailed constructing new roads which will be extended to Al Lawzi Housing at a value of $14.4 million. The second contract will include raising the financing for establishing 6

October 11, 2018 9:17 AM Aramco, Bapco to implement 112km oil pipeline

Mubasher: State-owned Saudi Aramco and Bahrain Petroleum (Bapco) have announced commissioning a 112km oil pipeline in an effort to meet the Bahraini state-run firm’s burgeoning energy demand. The AB-4 pipeline, which is a joint venture between the two state-owned oil firms, will transport oil from Abqaiq Plants facility to Bapco’s refinery. Set to meet supply

October 10, 2018 7:57 AM GFH intends to raise AUM to $15bn – Al Rayes

Mubasher: GFH Financial Group is planning to increase its assets under management (AUM) to $15 billion from $6.5 billion, the CEO of GFH Hisham Al Rayes said. Al Rayes confirmed GFH’s intention to invest in high-liquidity assets in the US where the Bahraini financial group has current investments estimated at $600 million, CNBC Arabia reported. The step of raising 2

October 9, 2018 11:01 PM Supreme Council of Health orders for best treatment to victims

MANAMA: His Excellency Dr Sheikh Mohammed bin Abdullah Al Khalifa, the President of the Supreme Council of Health issued directives to the Ministry of Health and hospitals to provide maximum means of medical care for the injured in the tragic incident of collapse residential building in the Salmaniya area. His Excellency praised the efforts of emergency 3

October 9, 2018 1:05 PM UAE tops GCC trade exchange with Saudi Arabia in July – GASTAT

Riyadh – Mubasher: The UAE acquired about 72% of Saudi Arabia’s trade exchange with the GCC with SAR 5.26 billion ($1.4 billion) in July, Mubasher reported, citing the General Authority for Statistics’ (GASTAT) data. Trade exchange between the two GCC nations registered a SAR 2.42 billion surplus for the UAE after Saudi Arabia’s exports stood at SAR 1.42 billion 3

October 9, 2018 11:39 AM Al Baraka Turk closes a TL250m Sukuk

MANAMA: Al Baraka Turk Participation Bank, one of the subsidiary banking units of Al Baraka Banking Group (ABG) has successfully finalized the issuance of a TL 250 million lease certificate (sukuk) through its subsidiary, Bereket Varlık Kiralama Şirketi. While the targeted amount of the issuance was TL 200 million, the demand for the certificates, which 2

October 8, 2018 2:10 PM Al Baraka Turk issues $40m sukuk

Mubasher: Al Baraka Banking Group – Turkey (Al Baraka Turk), has issued leasing certificates, sukuk, at a total value of 250 million Turkish Lira ($40.6 million). Al Baraka Turk, which is listed on Nasdaq Dubai and Bahrain Bourse (BHB), has issued the sukuk through Bereket Varlık Kiralama Şirketi, according to a recent statement. The target amount of this sukuk 2

October 7, 2018 1:32 PM Six Kuwaiti banks likely to record KWD 614m profits in 9M

Mubasher: A total profit of KWD 613.9 million ($2 billion) is expected to be recorded by six Kuwaiti banks in the first nine months of 2018, capital market Mohamad Manea Al Ajami told Mubasher. The six banks are forecast to register an 18% increase in earnings in the nine-month period ended on 30 September 2018 compared to the same period last year when the banks 2