Ithmaar Holding reports 2020 financials

MANAMA, Feb. 21 -- Ithmaar Holding B.S.C. (Trading symbol: ITHMR), a Bahrain-based holding company, announced its financial results for the year ended 31 December 2020. The announcement, by Ithmaar H... Read More

Middle East insurance sector defies economic slowdown

DUBAI, Feb. 21 -- There were 407 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2020, down from 419 the previous year. An anticipated pandemic-induced dip in activity in... Read More

AIB to launch its first digital banking platform

Manama, Feb. 21 -- Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in Islamic banking to launch the Bank's first digital banking platform. In partnership with Jumio, ... Read More

BNP Paribas appoints Amine Soulami as new head of MEA

Manama, Feb. 21 -- BNP Paribas has appointed Amine Bel Hadj Soulami as Head of BNP Paribas, Middle East and Africa (MEA), succeeding Jacques Michel who becomes Chairman for the region. Jacques report... Read More

Zain Bahrain net profit up 3per cent to BD5.4 million

Manama, Feb. 21 -- Zain Bahrain (BSE: ZAINBH), reported a net profit of BD5.404 million at end of 31st December 2020, representing an annual increase of 3% from BD5.269 million compared to the year en... Read More

Seef Properties' net profit down 53 percent to BD4.53m

Manama, Feb. 21 -- Seef Properties reported a net profit, and comprehensive income attributable to the parent, of BD4.52 million for the year ended 31 December 2020, compared to BD10.93 million for th... Read More

NBB reports a net profit of BD53.3million

Manama, Feb. 18 -- National Bank of Bahrain (NBB) has reported a 44 % decrease in its net profit attributable to equity shareholders to BHD 10.2 million (USD 27.1 million) for the fourth quarter ended... Read More

McLaren Artura makes debut in Bahrain, global markets

Manama, Feb. 17 -- McLaren Automotive, the British creator of luxury, high-performance supercars, has revealed the long-anticipated McLaren Artura on Wednesday in Bahrain, marking the beginning of bot... Read More

IsDB-CIBAFI inks agreements to enhance global Islamic finance industry

Manama, Feb. 15 -- The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has signed Technical Assistance agreements with the... Read More

Bahrain Bourse launches Capital Markets Apprenticeship Programme

Manama, Feb. 15 -- In line with the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to launch the second version of the National Employment Pr... Read More