Business

Binaa Al Bahrain Begins Operations, Announces Bayview Launch

Manama: Binaa Al Bahrain officially commenced operations and announced the upcoming launch of its flagship residential development, Bayview, set to open later this month in Bahrain Bay. This milestone reflects Bahrain’s ongoing drive toward integrated…

OPEC Predicts Reduced Non-OPEC+ Oil Supply Growth in 2025

Vienna: The Organisation of the Petroleum Exporting Countries (OPEC) has revised its forecast for oil supply growth from the United States and other non-OPEC+ producers in 2025, highlighting reduced capital expenditure due to the recent decline in oil…

CBB Sukuk Al Ijara Oversubscribed by 258%

Manama: The Central Bank of Bahrain (CBB) has announced that the monthly issue of its short-term Islamic leasing (Ijara) Sukuk has been oversubscribed by 258%. The total subscriptions reached BD 67.134 million for a BD 26 million issue, which has a ma…

Bahrain Stock Indices Rise Amid Sector Gains

Manama: Bahrain’s stock market indices saw an uptick as the Bahrain All Share Index closed at 1,902.67 points, reflecting an increase of 10.40 points from its previous closing. This rise was attributed to positive performances in the communication ser…