A delegation from Al Salam Bank-Bahrain (ASBB) headed by Group CEO Rafik Nayed met with the President of the Republic of Seychelles, His Excellency Danny Faure, during his first state visit to the Kingdom of Bahrain. They discussed the ongoing progress at Al Salam Bank-Seychelles (ASBS), a joint venture between ASBB and the Seychelles Pension Fund (SPF), and its contribution to the development of the domestic financial services industry in the Seychelles.

Mr."...

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 184%.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.

The issue date of the bills is 22nd January 2020 and the maturity date is 22nd April 2020.

The"...

Ithmaar Bank, a Bahrain-based Islamic retail bank, presented its second ever $1 million grand prize of its Thimaar loyalty scheme to Bahraini mother of five, Mariam Mohammed Abdulla Al Eid.

Al Eid won the prize draw for December and received her cash prize from Ithmaar Bank chief executive officer Ahmed Abdul Rahim and deputy chief executive officer - Banking Group Abdul Hakeem Al Mutawa at a ceremony held at The Avenues Mall.

In attendance were other Thimaar winners as well as Ithmaar Bank general"...

The Arabian Business Community (ABC) Bahrain has recorded a record 1,641,082 million referrals to businesses in Bahrain during 2019.

The portal, which has now established itself as the leading business reference resource for anyone looking for contact and business information about companies in the Kingdom, provides a unique promotional service which helps companies promote themselves to potential buyers of their products and services.

“In"...

Esterad Investment Company (Esterad) is pleased to announce the sale of its investments in United Cement Company (UCC) amounting to BD 2.3 million to Saudi Cement Company.

The sale transaction is expected to reflect positively in the financial statements of the company during fourth quarter of 2019.

Esterad was one of the first companies in the Kingdom of Bahrain that"...

Bank of America reported its fourth-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200115005410/en/

• Bank of America newsroom at https://newsroom.bankofamerica.com
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Kuwait Finance House – Bahrain, a leading Islamic bank in the Kingdom, has revamped its mobile application “KFH Jazeel Banking”, the first integrated Fintech digital banking platform in the Kingdom of Bahrain, with an aim to place customer needs and experience as a key element in product development. The revamp of the application comes in line with KFH-Bahrain’s strategy to support the FinTech sector in the Kingdom of Bahrain.

One"...

CrediMax received for the 8th consecutive year the PCI DSS Level 1 certification by the renowned PCI certification body and the largest QSA Company in GCC, SISA Information Security WLL. This certificate further consolidates CrediMax’s commitment in applying the highest security standards across all its policies, operations and procedures.

For more details on CrediMax Products and Services, please call 17117117 or visit

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Al Salam Bank-Bahrain officially opened its newest branch at Al Raya Mall in Riffa in the presence of the Executive Director of Banking Supervision at the Central Bank of Bahrain (CBB) Mr. Khalid Hamad Abdulrahman, Group CEO Mr. Rafik Nayed, Deputy CEO Mr. Anwar Murad and other key members of the Executive Management.

The Bahrain National Football Team players were among the VIP guests, and were each awarded BD 1,000 which went towards Danat Savings"...