Business

Abdullah bin Adel Fakhro, Minister of Industry and Commerce, received Omani-Bahraini Friendship Association President Rudaina bint Amer Al Hajariya.The meeting discussed enhancing economic and trade cooperation and reviewed plans and programs.The minis…

The US dollar on Thursday stood at KD 0.307 while the Euro dropped by 0.32 percent to KD 0.330, compared with Wednesday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin that the British sterling pound went down by 0.64 percent to KD …

Central Bank of Bahrain (CBB) announces that the BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 237%.The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of Bahrain.The issue date of the bill…

Bahrain all share index closed at 1,949.71 points marking an increase of 1.90 points above the previous closing.This increase was due to the raise in the and materials sector.Bahrain Islamic index has closed at 716.75 points marking an increase of 0.54…

This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 173%.The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of Bahrain.The issue date of the bills …

Basra crude closed down, but recorded its first weekly gains in a month.Basra Heavy crude closed in its last session on Friday, down by 6 cents, to reach $72.03, but it recorded a weekly gain of $1.29, or 1.82%.While Basra Intermediate crude closed dow…

Kuwait Projects Company (KIPCO) announced profits worth KD 5.12 million (about USD 15.5 million) in Q1 2023, compared with KD 3.2 million (USD 9.6 million) in the same time period of 2022, a raise of 59 percent.In a statement published on Boursa Kuwai…