Manama: The Central Bank of Bahrain (CBB) announced that the monthly issue of the short-term Islamic Ijara Murabaha Sukuk has been oversubscribed by 154%. Subscriptions totaling BD 46.303 million were received for the BD 30 million issue, which carrie…
Brussels: Sales of electric and hybrid cars in the European Union (EU) continued to grow in May, with battery electric vehicle sales increasing by 43% compared with the same month last year, according to the European Automobile Manufacturers’ Associat…
Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 135%. The bills, which carry a maturity of 91 days, have been issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bah…
Manama: Bahrain All Share Index has closed at 2,030.77 points, marking an increase of 0.73 points above the previous closing. This rise was driven by gains in the financials sector and the industrials sector.
According to Bahrain News Agency, the Ba…
Manama: Oil prices declined on Monday as Brent crude fell $1.68, or 2.09%, to $78.89 a barrel by 0633 GMT. Prices had previously climbed to $82.30, marking a significant drop in the market.
According to Bahrain News Agency, U.S. West Texas Intermedia…
London: European stocks traded in a narrow range on Friday as investors continued to shy away from higher-risk assets. The pan-European STOXX 600 index fell by 0.1%, with losses in mining and utilities shares offsetting gains in the energy and defense…
Asian stocks declined on friday: while markets in mainland China, Hong Kong, and Taiwan remained closed for the Dragon Boat Festival holiday.
According to Bahrain News Agency, Japan’s Nikkei 225 index fluctuated between gains and losses before endin…
Manama: Gold prices edged lower on Friday and were on track for a third consecutive weekly decline, weighed by a stronger US dollar and hawkish signals from the US Federal Reserve. Spot gold fell 0.5% to USD 4,189.26 per ounce.
According to Bahrain …
Tokyo: The Japanese yen hovered near its lowest level in four decades on Friday as markets awaited possible intervention by authorities to support the currency. The yen rose 0.1% against the US dollar to 161.205, after falling to a two-year low in the…
Manama: Oil prices declined on Friday amid expectations of increased supplies entering the market. Brent crude futures fell by 54 cents, or 0.68%, to USD 78.31 per barrel. US West Texas Intermediate crude declined by 46 cents, or 0.60%, to USD 76.14 p…