The five-year sukuk was oversubscribed 2.5 times with a total book size exceeding $750m
The total number of coronavirus cases in Kuwait tally five while Bahrain has registered eight cases of the Covid-19 virus
All passengers entering Bahrain will be tested at arrivals
Its global multifamily property portfolio is currently valued at approximately $2.3bn
Bahrain reported a citizen who had arrived from Iran as its first case of the coronavirus infection while Kuwait reported three confirmed cases of the virus
The Bahraini investment firm posted net income worth $48m for H1 FY20, slipping 17 per cent compared to $58m for H1 FY19
The deadline has been moved from December 20 to December 26 to enforce better compliance
The digital bank is to be introduced across the MENA region
The fund – MEC Ventures – will invest across sectors such as e-commerce, fintech, and technology ecosystem enablers
The three Gulf Arab states cut diplomatic and trade ties with Qatar in June 2017
Saudi Aramco is working toward an IPO that may raise $40bn
Following the deal, Investcorp will hold 14 per cent equity and a board seat in the Indian apparel company
10,000 to 14,000 volunteers are also needed for testing
The issuance comes amid a sudden surge in debt sales by frontier and emerging sovereigns
Featuring a sunken Boeing 747, Dive Bahrain is now open
Khalid Humaidan, EDB’s board member, has been appointed as its new CEO
Latest InterNations Expat Insider Survey of 64 different countries also ranks Kuwait last
Tensions have risen between Israel and Lebanon’s Hezbollah movement
Investcorp is giving up its wholesale banking license in Bahrain to convert itself into a holding company
Khalid al-Rumaihi replaces Mahmood Alkooheji, who was CEO since Mumtalakat was established in 2006
The kingdom said it is “well ahead of its projected deficit reduction schedule”
The Federal Reserve lowered US interest rates for the first time in over a decade
Two of them were convicted for crimes including using an assault rifle to kill a police officer in 2017
The 50:50 joint venture will help in “delivering connectivity and data centre services across the region”, du said
Covering an area of over 100,000 square metres, the dive site will have a 70-metre long decommissioned Boeing 747 as its centerpiece
The deal marks Investcorp’s largest US real estate portfolio acquired in the past decade
The foreign company must have signed, or be in the final stages of signing, an agreement with the government
The country has warned against following and circulating “inflammatory” social media accounts that promote “sedition”
Mumtalakat’s revenue totalled $5.5bn in 2018, up 38 per cent over the previous year
The fiscal adjustment programme is linked to a $10bn bailout received from its Gulf allies