The Bahrain All-Share Index declined 0.78% to 1,138.32, as financials weighed on the Manama-based gauge. On a year-to-date basis, the measure fell back in the red zone (off half a percentage point). Islamic financial institution Ithmaar Bank plummeted 9.38% to $0.145. Bahrain Telecommunications, known as Batelco, added 0.42% to reach BD0.48. On May 20, Batelco and Omantel signed a partnership agreement. Building on existing agreements, this partnership will allow bi-lateral Data IP Services to be sold between Bahrain and Oman, as well as providing one-stop-shop transit services to Batelco's and Omantel's carrier partners, enabling both parties to extend corporate VPN solutions between their respective markets.
Qatar Chamber gets ‘nod’ for QR2bn venture
Qatar Chamber (QC) received preliminary approval from concerned authorities to establish its ambitious QR2bn private company. Expected to emerge as a key driver in the transformation of Qatar’s indus
QE index inches up
Qatari stocks showed marginal gains last week as the country’s main index inched up 14.04 points (0.14 percent) to 10,389.10.
The trading value (of over QR1.58bn), though, declined over t
Dubai World arm sells Atlantis
A unit of Dubai World has sold its Atlantis resort, which sits on a palm tree-shaped island in the Gulf, in an asset shuffle between state entities to help the group meet huge debt repayments after