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Business
Bahrain Development Bank launches $100m Venture Capital Fund of Funds to Support Middle East Startups
Manama, May 10 (BNA): Following instructions from His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and Chairman of the Bahrain Economic Development Board (EDB), the Bahrain Development Bank (BDB) today launched a $100m Venture Capital Fund of Funds aimed at boosting the start-up ecosystem in Bahrain and the Middle East.
2018/05/10 More
Bahrain Bourse daily trading performance
Manama, May 10 (BNA): Bahrain All Share Index has closed at 1,270.74 points marking a decrease of 0.31 points below the previous closing . This decrease was due to the fall in the Commercial Banks Sector.
2018/05/10 More
SICO reports BD 1.42m net profit in Q1
Manama, May 9 (BNA): SICO BSC (c), a leading regional asset manager, brokerage, and investment bank ( licensed as a conventional wholesale bank by the CBB ), announced today that its net profit for the first quarter of 2018 increased by 8 % to BD 1.42 million from BD 1.32 million for the corresponding period of last year.
2018/05/09 More
Kingdom’s first five-star retreat in southwest Bahrain announced by Al Sahel
Manama, May 9 (BNA): Al Sahel Resort today announced the development of a new five-star resort on the southwest coast of Bahrain. The announcement was made at Gateway Gulf, which brought together more than 500 global investors and business leaders in Bahrain to explore ways of unlocking the opportunities being created by the economic transformation in the GCC.
2018/05/09 More
CBB’s monthly issue of treasury bills subscribed
Manama, May 8 (BNA): Central Bank of Bahrain (CBB) announces that the BD 35 million monthly issue of Government Treasury Bills has been subscribed by 100%.
2018/05/09 More
APM Terminals' appointment of underwriter for IPO announced
Manama, May 9 (BNA): The Minister of Transportation and Telecommunications’ His Excellency Engineer Kamal bin Ahmed Mohammed announced that APM Terminals Bahrain B.S.C. (c), the exclusive port operator of the Kingdom’s Khalifa Bin Salman Port, has appointed SICO BSC (c), a leading asset manager, brokerage and investment bank, as its lead manager and underwriter for the company’s initial public offering (IPO). The IPO, which is expected to be launched in late October, will offer 20% of the company’s paid up capital to investors and list on the Bahrain Bourse.
2018/05/09 More
Bahrain Bourse daily trading performance
Manama, May 8 (BNA): Bahrain All Share Index has closed at 1,273.21 points marking a decrease of 5.40 points below the previous closing .
2018/05/08 More
CBB Treasury Bills subscribed
Manama, May 8 (BNA): This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 100%.
2018/05/08 More
Industry Minister chairs meeting
Manama, May 7 (BNA): The Minister of Industry, Commerce and Tourism Zayed R. Alzayani chaired the 28th Joint Economic Committee between the Ministry of Industry, Commerce and Tourism and Bahrain Chamber of Commerce and Industry (BCCI), in the presence of BCCI Chairman Sameer Abdulla Nass and a number of committee members from both sides.
2018/05/07 More
Bahrain Bourse daily trading performance
Manama, May 7 (BNA): Bahrain All Share Index has closed at 1,278.61 points marking an increase of 2.82 points above the previous closing .
2018/05/07 More