This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 138%.

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 10th October 2018 and the maturity date is 9th January 2019.

The"...

7ewar Forum, the first of its kind in Bahrain, is the latest youth initiative to be launched by the Rotary Club of Adliya. The initiative will consist of a series of discussion panel and workshop events held on a quarterly basis with the purpose of facilitating meaningful dialogue between young professionals (Millennials) and senior management (Generation X and Baby-Boomers). Attendees will come from a variety of companies and industries in Bahrain in order to discuss key workplace topics. Each 7ewar will have a different"...

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2018.

For the nine months ended 30 September 2018, Net Profit reached QAR10.8 billion (USD3.0 billion), up by 6% compared to same period last year, despite the impact of the Turkish Lira devaluation.

Total"...

Al Salam Bank-Bahrain (the Group or Bank), one of the pioneering Shari’a-compliant banks in the Kingdom, held a ceremony at the Four Seasons Bahrain Hotel for Her Highness Shaikha Hessa bint Khalifa Al Khalifa, former Chairperson of the Board of Directors of the Group and Mr. Yousif Taqi, former CEO of the Group, in recognition of their outstanding efforts in serving the Bank over the past years, which has contributed to supporting the Bank’s growth and strengthened its position in the financial and banking sector.

Ahli United Bank B.S.C.(AUB) is pleased to advise the planned re-organization of the Bank as it sets to create two separate legal entities, one entity to remain focused on the domestic retail and corporate banking business and the other entity to concentrate on the offshore wholesale banking business and investments.

AUB currently holds a retail banking license in Bahrain and conducts both onshore (primarily comprising of Bahrain domestic business)"...

Al Baraka Turk Participation Bank, one of the subsidiary banking units of Al Baraka Banking Group (ABG) is pleased to announce that it has successfully finalized the issuance of a TL 250 million lease certificate (sukuk) through its subsidiary, Bereket Varlık Kiralama Şirketi. While the targeted amount of the issuance was TL 200 million, the demand for the certificates, which have a maturity of 98 days, was 1.68 times oversubscribed and the issuance was closed at TL 250 million. 75% of the issuance was subscribed to by"...

Manama, Oct. 7 (BNA): As part of its commitment to encourage real estate investment, Khaleeji Commercial Bank (KHCB) has announced signing an 'escrow agency agreement' for Al Bareh project, developed by Diyar Al Muharraq.

The signing ceremony was attended by the CEO of KHCB, Sattam Sulaiman Al Gosaibi and Dr. Maher Abdulaziz Al Shaer, CEO of Diyar Al Muharraq.

GFH Financial Group, the Bahraini Sharia-compliant investment company, said it got 'conditional approval' from the central bank on an offer to sell its real estate portfolio.

The Manama-based company has received a $1 billion (Dh3.67bn) offer to sell its property portfolio, GFH said in a statement to the Dubai Financial Market on Sunday, where its shares are traded. It expects to receive an upfront payment ranging from $259 million to $380m,"...

Treasury investors appear to be coming to grips with just how strong America’s economy is. The past week may be the one that blew the lid off yields in the world’s largest bond market, with the 10-year benchmark climbing the most in almost two years on Wednesday and the selling pressure showing little sign of reversing since. Traders are responding to a seemingly critical mass of evidence in favor of higher rates, including near-record service industry growth, and a 48-year low unemployment rate.
The move"...

Mastercard, a leading technology company in the global payments industry, recently welcomed ten startups to its Start Path program at the Mastercard Connecting Tomorrow Forum in Barcelona as part of its efforts to drive the startup ecosystem.

Mastercard Start Path is the company’s global initiative to provide startups with the operational support and commercial access needed to scale. The program brings together a global network of innovators"...