BUSINESS NEWS
Bahrain EDB hosts delegation from Monaco spearheading bilateral investment opportunities
Manama, Bahrain Economic Development Board (Bahrain EDB) is set to host a high-level delegation from the Principality of Monaco, led by Frédéric Genta, the Secretary of Attractiveness, Development and Digital at the Government of Monaco on a two-day v…
Alba achieves First Fire of M701JAC Gas Turbine
Manama, Aluminium Bahrain B.S.C. (Alba) announced a significant milestone towards the commercial operation of its Power Station 5 (PS 5) Block 4 Project with the First Fire of the Mitsubishi Power M701JAC Gas Turbine (GT).
This achievement marks a ke…
ADQ, Oman Investment Authority launch $180 million technology-focused fund to bolster digital economy
Abu Dhabi, ADQ, an Abu Dhabi-based investment and holding company, today announced the launch of a US$180 million technology-focused fund, Jasoor Fund (the Fund), with Oman Investment Authority (OIA) represented by ITHCA Group. This commitment is part…
PIF and stc Group Sign Definitive Agreements to Form Region’s Largest Telecom Tower Company
Riyadh: The Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) announced today the signing of definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL) from stc Group. TAW…
CBB Treasury Bills oversubscribed by 221%
Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 221%.
The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom
Jeddah’s King Abdulaziz International Airport’s Operational Figures Proof of Successful Umrah Season Plans
Jeddah: Jeddah Airports Company (JEDCO) issued a recent press release detailing the operational performance of King Abdulaziz International Airport (KAIA), in Jeddah, during the peak Umrah season.
The season, coinciding with the holy month of Ramadan…
Bahrain All Share Index marks 2,016.40 points
Manama, Bahrain All Share Index has closed at 2,016.40 points, marking a decrease of 0.54 points below the previous closing.
This decrease was due to the drop in the Financial Sector and Industrials Sector.
Bahrain Islamic Index has closed at 762.93…