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Business

Microsoft invests $1.5 billion in Abu Dhabi’s G42

Abu Dhabi, G42, the leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft today announced a $1.5 billion strategic investment by Microsoft in G42.

The investment will strengthen the two companies’ collaboration in b…

Bahrain All Share Index marks 2,040.09 points

Manama, Bahrain All Share Index has closed at 2,040.09 points, marking a decrease of 0.33 points below the previous closing.

This decrease was due to the drop in the Financial Sector and Real Estate Sector.

Bahrain Islamic Index has closed at 777.3…

CBB Treasury Bills oversubscribed by 111%

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 111%.

The bills, carrying 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…

South Korea, Georgia discuss economic cooperation

Seoul, South Korea and Georgia kicked off another round of talks for a comprehensive economic partnership on trade and supply chains.

The two countries began a three-day session to discuss the envisioned Economic Partnership Agreement (EPA).

The tr…

CBB Sukuk Al Salam securities fully subscribed

Manama, The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al Salam Islamic securities, has been Fully Subscribed by 100%.

Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries maturit…

Gold extends record rally amid speculative buying

Singapore, Gold prices extended their record rally on Monday, steered by speculative buying and persistent tensions in the Middle East, which overshadowed strong U.S. payrolls number last week.

Spot gold was up 0.3% at $2,335.73 per ounce, as of 0646…

Bahrain All Share Index marks 2,020.90 points

Manama, Bahrain All Share Index has closed at 2,020.90 points, marking a decrease of 0.65 points below the previous closing.

This decrease was due to the drop in the communication services sector, the consumer discretionary sector and the financial s…

Turkiye invests 40 million dollars in the Qantara West area

CAIRO, The General Authority for the Suez Canal Economic Zone, in a promising move, signed on Sunday with the Turkish Eroglu Holding Group a contract for the Eroglu (DNM) jeans factory project in the Qantara West industrial zone.

This venture involve…