BUSINESS | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Alibaba's shares surge as Jack Ma reappears

AFP | Beijing  The Daily Tribune – www.newsofbahrain.com Shares in internet giant Alibaba soared more than eight per cent Wednesday after billionaire founder Jack Ma made his first public appearance since November, end...

GIB capital named best debt house for Saudi, Bahrain

Agencies | Riyadh The Daily Tribune – www.newsofbahrain.com GIB Capital, the Riyadh-based investment banking and asset management arm of Gulf International Bank – Saudi Arabia, has been named Best Debt House, Saudi Arabia and Best Debt...

AIB announces new scheme with over BD1 million in cash prizes

TDT | Manama The Daily Tribune – www.newsofbahrain.com Al Baraka Islamic Bank (AIB) has unveiled a new scheme of alBarakat account, launched in January 2021 with prizes amounting to more than BD1,000,000 for more than 600 winners. Th...

Value of local Bahrain product exports increases

TDT | Manama The Daily Tribune – www.newsofbahrain.com Bahrain’s value of exports of national origin has increased by 12% to reach BD599 million during the fourth quarter of 2020, up from BD532 million for the same period of the previo...

Emirates, Etihad to pilot virus 'travel pass'

AFP | Dubai The Daily Tribune – www.newsofbahrain.com Emirates and Etihad, two of the Middle East's biggest airlines, said Tuesday they would be among the first companies to test an application that allows pre-travel verification of coronavi...

Silah Gulf, Cisco join hands

TDT | Manama The Daily Tribune – www.newsofbahrain.com Silah Gulf has announced the “ground-breaking” launch of a Cisco Unified Contact Center Enterprise (Cisco UCCE), which the company said, “is one of the most advanced Co...

Alba promotes 199 employees

TDT | Manama The Daily Tribune – www.newsofbahrain.com Aluminium Bahrain (Alba) - the world’s largest aluminium smelter ex-China – announced the promotion of 199 national employees across various departments during the second wee...

Investcorp names Frances Fragos Townsend to board

TDT | Manama The Daily Tribune – www.newsofbahrain.com Investcorp yesterday announced the appointment of Frances Fragos Townsend to its Board of Directors, effective immediately. Investcorp’s board now has 15 directors, 10 of w...

Bahrain Bourse announces Investor Satisfaction Survey results

TDT | Manama The Daily Tribune – wwwnewsofbahrain.com In line with Bahrain Bourse’s efforts to enhance investor communication outreach, and enhance transparency and efficiency in Bahrain’s capital market, Bahrain Bourse announced...

Samsung chief jailed for 2.5 years over corruption scandal

AFP | Seoul The Daily Tribune – www.newsofbahrain.com The de facto chief of South Korea's Samsung business empire was convicted Monday over a huge corruption scandal and jailed for two and a half years, in a ruling that deprives the tech gia...

Ithmaar Bank names Thimaar millionaire

TDT | Manama The Daily Tribune – www.newsofbahrain.com A recent university graduate has won the US$1,000,000 Thimaar Grand Prize of the Ithmaar Bank. The Thimaar Grand Prize draw was held remotely at the Bank’s headquarters in ...

GFH buys LuLu anchored Mall in Hidd City

TDT | Manama The Daily Tribune – www.newsofbahrain.com GFH Financial Group (GFH) has expanded its presence in the retail sector by acquiring 80% of Hidd Mall alongside a strategic investor. The 46,000 m2 mall, located in the fast-gro...

BDB names Abdulrahman Buheji as Head of Credit

TDT | Manama The Daily Tribune – wwwnewsofbahrain.com BDB has announced the appointment of Abdulrahman Abdulla Buheji as Head of Credit, and as a member of the bank’s management committee. Before joining BDB, Abdulrahman held t...

Israel’s Biggest Banks to Cooperate With Bahrain Lender

TDT | Manama The Daily Tribune – wwwnewsofbahrain.com Israel’s two largest lenders have each signed memorandums of understanding with the National Bank of Bahrain to facilitate business dealings between the countries. Bank Leum...

Do not disclose banking data: Bahrain Association of Banks

TDT | Manama The Daily Tribune – www.newsofbahrain.com Consumers should never disclose their personal or banking data in any way except when necessary and through reliable channels, said the Bahrain Association of Banks. All should “re...

Batelco Chairman honours Chairman’s Award winners

TDT | Manana The Daily Tribune – www.newsofbahrain.com Batelco Chairman Shaikh Abdulla bin Khalifa Al Khalifa rewarded the winners of the Batelco Chairman’s Award during the annual Town Hall at Batelco’s headquarters in Hamala....

Family Microfinance House opens branch in Budaiya

TDT | Manana The Daily Tribune – www.newsofbahrain.com The Family Microfinance House (formerly the Family Bank) opened a new branch in Budaiya yesterday. Minister of Labour and Social Development, and Family House for Microfinance ch...