Tuesday 3 May 2016
 
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Ithmaar approves plans for new group structure

The shareholders of Ithmaar Bank, a Bahrain-based Islamic retail bank, have approved plans for a new group structure designed to further develop the growth achieved in the core retail banking business, the strategic focus of the bank.

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BCFC approves 45pc cash dividend

Bahrain Commercial Facilities Company (BCFC) shareholders have approved a cash dividend of 45 per cent (45 fils) of the paid up capital of BD7.2 million ($19.09 million), unchanged from 2014, said a report in the Gulf Daily News (GDN),

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World Bank approves $3 billion loan for Egypt

The World Bank has approved a $3 billion loan for Egypt, to be disbursed over the next three years, International Cooperation Minister Sahar Nasr said in a statement on Thursday.   Nasr said the loan had a maturi

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Iran's Guardian Council passes nuclear bill into law

Iran's Guardian Council ratified a bill approving the nuclear deal reached by Tehran and six world powers, state news agency IRNA and other agencies said, allowing the government to implement the agreement.  

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Bahrain Cabinet approves new media law

New regulations governing Bahrain’s media were yesterday (September 21) approved by the Cabinet. The decision covers all outlets providing audio, video, written and electronic news content and complements the existing Publications Law un

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Kuwait increases new refinery cost sharply

Kuwait’s Supreme Petroleum Council has endorsed a request to sharply increase the budget for a new refinery after most of the bids exceeded initial estimates, the oil minister said yesterday. Ali Al Omair said the figure for

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$48m loan to redevelop homes in Bahrain approved

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million. The money will b

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$48m loan to redevelop homes in Bahrain approved

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million. The money will b

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Bahrain’s new-look budget clears final hurdle

Bahrain’s new-look national budget for 2015 and 2016 cleared its final hurdle yesterday (July 5) when it was unanimously approved by the Shura Council. Thirty-eight members voted yes to the new national budget, which will no

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Bahrain parliament approves new-look budget

Bahrain's budget for 2015 and 2016 was narrowly approved by the parliament yesterday (July 2). Twenty-two MPs voted in favour of the new-look budget, which scraped through by just two votes, after a delay of more than six mont

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