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Business

Bahrain All Share Index has closed at 1,959.25 points

Bahrain All Share Index has closed at 1,959.25 points marking a decrease of 1.36 points below the previous closing .This decrease was due to the fall in the Financials Sector, Industrials Sector and Real Estate Sector.Bahrain Islamic Index has closed a…

Central Bank of Bahrain signs MoU with Naisbitt King

In the presence of and on the sidelines of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister’s official visit to the United Kingdom (UK), the Central Bank of Bahrain (CBB) signed a Memorandum of Understanding wi…

Oil: Algeria cuts output by further 20,000 bpd in August

Algeria has decided to proceed with a further production cut of 20,000 barrels per day (bpd) for the period of 1-31 August 2023, for the balance and stability of the global oil markets, the ministry of Energy and Mines said Monday in a statement.”As pa…

Kuwait Oil Minister rejects Iranian actions on Al Durra field

Dr. Saad Al Barrak, Kuwait Oil Minister and Minister of State for Economic and Investment Affairs said his country “categorically and totally” rejected Iranian procedures and claims on Al Durra offshore gas field in the neutral zone connecting Kuwait …

CBK issues bonds, tawarruq worth KD 240 million

The Central Bank of Kuwait (CBK) announced Monday new bonds and related tawarruq valued at KD 240 million (around $792 million).The securities bear a return rate of 4.250 per cent and a maturity of three months, according to a CBK statement received b…