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Bahrain’s GFH Financial Group lists $300m sukuk on Nasdaq Dubai

The five-year sukuk was oversubscribed 2.5 times with a total book size exceeding $750m

Coronavirus update: Kuwait, Bahrain report additional cases

The total number of coronavirus cases in Kuwait tally five while Bahrain has registered eight cases of the Covid-19 virus

Bahrain suspends all flights from Dubai and Sharjah for 48 hours

All passengers entering Bahrain will be tested at arrivals

Bahrain’s Investcorp acquires two US properties for $164m

Its global multifamily property portfolio is currently valued at approximately $2.3bn

Coronavirus update: Kuwait, Bahrain confirm first cases

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

Bahrain’s Investcorp posts 17% drop in half-yearly net profit

The Bahraini investment firm posted net income worth $48m for H1 FY20, slipping 17 per cent compared to $58m for H1 FY19

Bahrain extends VAT registration deadline for third phase

The deadline has been moved from December 20 to December 26 to enforce better compliance

Bahrain’s Bank ABC launches digital, mobile-only bank

The digital bank is to be introduced across the MENA region

Bahrain bank, China firm create $50m venture capital fund for Middle East tech market

The fund – MEC Ventures – will invest across sectors such as e-commerce, fintech, and technology ecosystem enablers

Saudi, UAE and Bahrain to attend Gulf Cup in Qatar

The three Gulf Arab states cut diplomatic and trade ties with Qatar in June 2017

Kuwait, Bahrain wealth funds to consider investing in Saudi Aramco IPO

Saudi Aramco is working toward an IPO that may raise $40bn

Bahrain’s Investcorp leads $11.2m funding in Indian startup Bewakoof

Following the deal, Investcorp will hold 14 per cent equity and a board seat in the Indian apparel company

New $1.1bn terminal at Bahrain Airport to open in March 2020 – crown prince

10,000 to 14,000 volunteers are also needed for testing

Bahrain taps bond market for first time since $10bn bailout package

The issuance comes amid a sudden surge in debt sales by frontier and emerging sovereigns

Watch: World’s largest underwater theme park opens in Bahrain

Featuring a sunken Boeing 747, Dive Bahrain is now open

Bahrain Economic Development Board appoints new CEO

Khalid Humaidan, EDB’s board member, has been appointed as its new CEO

Bahrain emerges as top Middle East destination for expats – survey

Latest InterNations Expat Insider Survey of 64 different countries also ranks Kuwait last

Bahrain instructs citizens to leave Lebanon over security incidents

Tensions have risen between Israel and Lebanon’s Hezbollah movement

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain’s Investcorp posts 5% rise in annual net profit

Investcorp is giving up its wholesale banking license in Bahrain to convert itself into a holding company

Bahrain’s sovereign wealth fund appoints new CEO

Khalid al-Rumaihi replaces Mahmood Alkooheji, who was CEO since Mumtalakat was established in 2006

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain budget deficit narrows in first half of 2019

The kingdom said it is “well ahead of its projected deficit reduction schedule”

Different Arab money

Saudi, UAE, Bahrain cut interest rates after Fed

The Federal Reserve lowered US interest rates for the first time in over a decade

Bahrain executes three men in two separate cases

Two of them were convicted for crimes including using an assault rifle to kill a police officer in 2017

UAE telco du, Bahrain’s Batelco to form infrastructure platform

The 50:50 joint venture will help in “delivering connectivity and data centre services across the region”, du said

Bahrain launches first phase of ‘world’s largest’ underwater theme park

Covering an area of over 100,000 square metres, the dive site will have a 70-metre long decommissioned Boeing 747 as its centerpiece

Bahrain’s Investcorp acquires 11 US properties for $370m

The deal marks Investcorp’s largest US real estate portfolio acquired in the past decade

Bahrain to allow foreign firms to take 100% stakes in oil, natural gas extraction projects

The foreign company must have signed, or be in the final stages of signing, an agreement with the government

Bahrain says following ‘biased’ social media accounts could result in legal action

The country has warned against following and circulating “inflammatory” social media accounts that promote “sedition”

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain wealth fund Mumtalakat’s 2018 profit falls 73.5%

Mumtalakat’s revenue totalled $5.5bn in 2018, up 38 per cent over the previous year

Bahrain misses key fiscal adjustment goals with 2019-2020 budget

The fiscal adjustment programme is linked to a $10bn bailout received from its Gulf allies