NBB reports 34% jump in Q2 net profit
In a statement, NBB said that the increase in net profit is mainly due to strong business fundamentals reflected through higher net interest income attributable to higher loan volumes across all the group’s key segments and higher other income from the treasury and capital markets activities. The 2022 results have also benefitted from lower […]
HRH the Deputy King meets with the Group CEO of Vitol
The Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa, today met with the Group Chief Executive Officer of Vitol, Russell Hardy, at Riffa Palace. His Royal Highness emphasised the importance of investing in the energy sector to support other economic sectors, in line with the Kingdom’s goals of comprehensive development, led […]
50 businesses advance to Beban season two
Bahrain’s first entrepreneurship-themed reality show produced by Hope Ventures and Hope Fund investment arm Beban concluded the first phase of its two-week boot camp for the 100 shortlisted entrepreneurs of more than 200 submitted applications for season two. Phase one presented the 100 entrepreneurs and their promising businesses to get shortlisted and be part of […]
Ambassador to Czech Republic participates in investment forum
Bahraini Ambassador to Czech Republic residing in Berlin Abdullah Abdullatif Abdullah participated in the Investment Forum between the GCC countries and the Czech Republic. Managing Director of Bahrain Mumtalakat Holding Company Raed Fakhri was present. Foreign Affairs Minister Jan Lipavsky and Deputy Prime Minister and Czech Regional Development Minister Ivan Bartos emphasized the importance […]
Bahrain Bourse heads Arab Federation of Capital Markets Delegation meetings with London Stock Exchange Group
Bahrain Bourse headed a delegation from the Arab Federation of Capital Markets (AFCM) during an official visit to the London Stock Exchange on May 26-27.The event was hosted by the London Stock Exchange Group (LSEG), and attended by more than 19 delegates from the Arab Federation of Capital Markets to support AFCM’s cooperation development with […]
Investments in Bahrain’s telecom sector reach $2.08bln
Transportation and Telecommunication Ministry said that Bahrain has a strong digital infrastructure that supports the growth of the digital economy within the government’s priorities and vision, which was translated in the Fifth National Telecommunications Plan. The ministry noted that Bahrain is among the first countries to achieve comprehensive coverage of 5G services with high download […]
Bahrain’s Solidarity reports 13% increase in net profit
Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has announced a net profit attributed to shareholders’ fund of BD875,000 for the first quarter of 2022 against a net profit of BD773,000 for the corresponding previous period, representing 13 per cent increase. The earning per share has also increased to 6.77 fils for the quarter compared […]
HRH the Crown Prince and Prime Minister meets the Founder and CEO of Binance
His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today met with the Founder and Chief Executive Officer of Binance, Chanpeng Zhao, at Riffa Palace. His Royal Highness highlighted that the Kingdom’s financial services and digital technology sector continues to develop and has created quality opportunities for Bahraini citizens. […]
Investcorp in exclusive talks to buy AC Milan: sources
Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, sources said on Friday, in what would be the first takeover of a top Italian team by Middle East investors. One source close to the talks told Reuters the deal to buy the seven-times European champions from current owners […]
Investcorp launches North America infrastructure investment platform
Investcorp, a leading global alternative investment firm, today announced the launch of a private infrastructure investment business in North America. The new platform will apply the firm’s global expertise and track record in real estate and private equity to make investments in critical infrastructure companies and projects across North America. Michael Ryder has joined Investcorp […]
