• World Islamic Banking Conference
Volvo Cars drops IPO plans on trade tensions

Volvo Cars drops IPO plans on trade tensions

Paris : Volvo Cars and its Chinese owner Geely have postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks. But while Volvo’s plans for a Stockholm listing were delayed indefinitely, Britain’s Aston Martin vowed to push ahead with its own initial public offering.

“We’ve come to the conclusion that the timing is not optimal for an IPO right now,” Volvo Chief Executive Hakan Samuelsson told Reuters. Volvo and its Chinese parent had been discussing an IPO to value the carmaker at between $16 billion and $30 billion, sources previously said. 




MENA Aerospace to take part in air show

MENA Aerospace to take part in air show

MENA Aerospace will be participating in the Bahrain International Air Show 2018 (BIAS 2018) at Sakhir Airbase at exhibition stand E06 and Chalet A36. Strategic partners InterTec and IJM will be well-represented, with top executives fro

Export Bahrain opens

Export Bahrain opens

Bahrain’s SME Development board in cooperation with Tamkeen yesterday launched ‘Export Bahrain’ aimed at strengthening the private sector’s role, promote exports and increase the competitive power of local small

ADGM, CBB in deal to promote fin sector

ADGM, CBB in deal to promote fin sector

Abu Dhabi Global Market (ADGM) and Central Bank of Bahrain (CBB) signed a Memorandum of Understanding (MoU) to promote and facilitate innovation in financial services across the United Arab Emirates and Bahrain. The agreement was signe

CBB to roll out “Open banking”

CBB to roll out “Open banking”

The Central Bank of Bahrain (CBB) will soon roll out an “open banking” initiative based on the idea of interconnecting licensed retail banks and other financial institutions. Draft rules to provide this new innovative servi


Brave CF athletes arrive in Bahrain

Brave CF athletes arrive in Bahrain

Professional fighters who will compete in the 18th edition of Brave Combat Federation will arrive in Bahrain from today. The fight night will be held at the Khalifa Sports City in Isa Town, Bahrain on 16th November. The event will be t

IMMAF head praises KHK Heroes initiative

IMMAF head praises KHK Heroes initiative

2018 IMMAF - WMMAA World Championships of Amateur Mixed Martial Arts is set to create history for showcasing a social cause during the opening ceremony of the event. 2018 World Championships marks the biggest event ever held showcasing

Hamilton wins nail-biting Brazilian GP

Hamilton wins nail-biting Brazilian GP

New five-time world champion Lewis Hamilton steered his Mercedes to a nail-biting victory in yesterday’s Brazilian Grand Prix, a triumph that clinched the constructors championship for a fifth consecutive season for the team. The

MENA Aerospace to take part in air show

MENA Aerospace to take part in air show

MENA Aerospace will be participating in the Bahrain International Air Show 2018 (BIAS 2018) at Sakhir Airbase at exhibition stand E06 and Chalet A36. Strategic partners InterTec and IJM will be well-represented, with top executives fro

Export Bahrain opens

Export Bahrain opens

Bahrain’s SME Development board in cooperation with Tamkeen yesterday launched ‘Export Bahrain’ aimed at strengthening the private sector’s role, promote exports and increase the competitive power of local small

ADGM, CBB in deal to promote fin sector

ADGM, CBB in deal to promote fin sector

Abu Dhabi Global Market (ADGM) and Central Bank of Bahrain (CBB) signed a Memorandum of Understanding (MoU) to promote and facilitate innovation in financial services across the United Arab Emirates and Bahrain. The agreement was signe