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JIB net profits up 12 percent US$ 55.2m 1H

MANAMA, July 31 -- Jordan Islamic Bank (JIB), one of the banking units of Al Baraka Banking Group B.S.C, has reported net profits before tax amounted to about US$55.2 million compared to about US$49.4... Read More


Total size of Ijarah Sukuk at Bahrain Bourse reaches BD982m

MANAMA, July 31 -- Bahrain Bourse Lists 15 Treasury Bill Issues and Short-Term Islamic Lease (Ijarah) Sukuk worth BD982 million. Bahrain Bourse (BHB) announced on Wednesday, 31st of July 2019 the lis... Read More


Seef Properties reports net profit of BD4.72m for 1H, 2019

Manama, July 31 -- Seef Properties announced its interim financial results for the period ended 30 June 2019, including the financial results of the second quarter of 2019. The Company achieved net p... Read More


iGA equips public sector with new a new cyber security system

Manama, July 31 -- The Information & eGovernment Authority (iGA) presented an overview of an Advanced Endpoint Protection Solution during the 4th Cyber Hawks Meeting. The event was organized by iGA, ... Read More


Bahrain plans 250megawatts clean energy by 2025

MANAMA, July 31 -- In line with national strategy to shift towards clean energy the Kingdom of Bahrain is targeting to meet 5 per cent or 250megawatt renewable energy by 2025. "The Kingdom's the lead... Read More


Zain Bahrain six month's net profit up 9 per cent to BD2.5m

Manama, July 31 -- Zain Bahrain reported a net profit of BD2.533 million (US$6.701 million) for the six months ending 30 June 2019, representing a 9% increase year-on-year (Y-o-Y) from BD2.332 million... Read More


Military alliances, use of technology is vital for peace and security

MANAMA, July 29 -- Military alliances and use of technology continue to serve as a key to the peace, security and stability of the region, says a senior official. H.E. Dr Shaikh Abdulla bin Ahmed Al ... Read More


Twenty-eight cos with market cap of $1.3t step up to new level of climate ambition

Bahrain, July 29 -- Twenty-eight companies with a total market capitalization of $1.3 trillion are stepping up to set a new level of climate ambition in response to a call-to-action campaign ahead of ... Read More


NBB-BENEFIT forms partnership to offer direct debt facility

Manama, July 28 -- National Bank of Bahrain (NBB) today announced the signing of an MOU with BENEFIT Company to offer a market leading Direct Debit Solution to its Business Customers. The service off... Read More


IIRA reaffirms the credit ratings of ABG

Manama, July 28 -- Islamic International Rating Agency (IIRA) has reaffirmed the international scale credit ratings assigned to Al Baraka Banking Group (ABG) at BBB+ / A3 (long term / short term) and ... Read More