Business

Cathay Pacific grounds 48 flights over A350s engine parts failure

Hong Kong’s Cathay Pacific Airways said it has cancelled 48 flights after discovering an engine glitch in one of its A350 aircraft, public broadcaster Radio Television Hong Kong reported Tuesday.

The city’s flag carrier said it identified an engine …

CBB Sukuk Al-Ijara oversubscribed by 396%

Manama, The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 396%.

Subscriptions worth BD 103 million were received for the BD 26 million issue, which …

Bahrain All Share Index marks 1,948.22 points

Manama, Bahrain All Share Index has closed at 1,948.22 points marking a decrease of 0.68 points below the previous closing.

This decrease was due to the drop in the financial sector.

Bahrain Islamic Index has closed at 810.29 points, marking an inc…

Badawi Eyes Boosting Cooperation with Eni During Italy Visit

Minister of Petroleum and Mineral Resources Karim Badawi has held an extensive meeting with Eni CEO Claudio Descalzi during his visit to Italy to explore ways to expand collaboration with the Italian energy giant.

During the talks, Eni has affirmed t…