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CBB issues rules on Insurance Aggregators

Manama, Aug. 19 -- The Central Bank of Bahrain ("CBB") issued the final rules on "insurance aggregators." "The introduction of insurance aggregator rules is a first step for the CBB towards "Insurete... Read More


Ithmaar Holding net profit up 24 percent to $13.03m for 1H

MANAMA, Aug. 7 -- Ithmaar Holding reported a net profit of US$13.03 million for the six-month period ended 30 June 2019, a 20.4 percent increase compared to the net profit of US$10.82 million reported... Read More


ABG net income reaches $56m in 1H

Manama, Aug. 7 -- Al Baraka Banking Group BSC (ABG), a leading Global Islamic Banking Group with its headquarters in the Kingdom of Bahrain, achieved a net income attributable to shareholders of US$ 5... Read More


Ithmaar Bank upgrading, relocating Muharraq branch

MANAMA, Aug. 7 -- Ithmaar Bank, a Bahrain-based Islamic retail bank, announced that it is upgrading and relocating its Muharraq branch to a new, better and more accessible location with ample parking ... Read More


Alba to focus on safety, people and community

MANAMA, Aug. 7 -- Aluminium Bahrain B.S.C (Alba) has welcomed Ali Al Baqali, a Bahraini-national, as its Acting Chief Executive Officer. Al Baqali has been a part of the Alba family for more than two ... Read More


Health & Hygiene eyes 54m GCC population for its anti-bacterial solutions

Manama, Aug. 4 -- With current healthcare expenditure projected to reach US$104.6 billion by 2022, the innovative antimicrobial products will be crucial for protecting the 54 million people in GCC. H... Read More


Ithmaar Holding to voluntarily de-list from Boursa Kuwait

MANAMA, Aug. 4 -- Ithmaar Holding, a Bahrain-based holding company that is licenced and regulated as a Category 1 Investment Firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse,... Read More


GCC IPOs fetch $866m in 1H 2019

Dubai/Manama, Aug. 1 -- A slight increase in IPO activity marked the second quarter of this year, with two companies listing on Saudi Arabia's Tadawul. Both the UAE's promising pipeline and Tadawul st... Read More


Bahrain's Central Bank cuts key interest rate

Manama, Aug. 1 -- The Central Bank of Bahrain (CBB) has decided to cut its key policy interest rate by 25 basis points. The CBB cut its key policy interest rate on the one-week deposit facility from ... Read More


BCFC launches the 1st clean energy finance initiative

MANAMA, July 31 -- Bahrain Commercial Facilities Company (BFTC) has launched the Sustainable Energy Finance Initiative (The Sun) for the first time in the Kingdom. On the sidelines of the Press confe... Read More