BCCI Vice President: Gov’t Delay in Paying Dues to Business Enterprises Causes Huge Losses
First Vice President of Bahrain's Chamber of Commerce and Industry Khalid Al-Najibi said that the issue of owed money to small and medium-sized enterprises by the government has become an obsession to these enterprises, and has greatly affected their work.
Bahraini Banks to Remain under Pressure: Moody’s
Moody’s expected that Bahrain banks would remain under high pressures due to economic factors.
Bahrain: Profits of Listed Banks Amounted to $873 Million
The seven local retail banks listed on the Bahrain Stock Exchange (BSE) posted a net profit of $873 million in the first nine months of 2018.
Standard Chartered Bank to Close 3 Branches in Bahrain, Fears of Dismissing Employees
Media sources said that Standard Chartered Bank of Bahrain announced on Monday (November 12, 2018) its intention to close 3 branches of it, in the Diplomatic Area, Zayed Town and Saar, starting December 20.
Increasing Market Value of National Bank Raises Insurance Profits
The market value of Ahli United Bank (AUB) rose between June 25 and recently by 290.3 million BD, increasing from 1.8 billion to 2.1 billion.
Kuwait Finance House Announces Tying up Phases with Bahrain’s Ahli United Bank
The chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that its potential tie-up with Bahrain's Ahli United Bank will occur on phases.
Construction Company Owned by Foreigners Swindles 2 Million BD from 40 Bahraini Companies
Owners of a contracting company have allegedly fled the country after duping around 40 companies to the tune of thousands of dinars, through giving them cheques without balance, the English-language Bahraini “Daily Tribune” newspaper said.
NBB Denies Imposing Charges on Cash Withdrawals from Savings and Current Accounts
The National Bank of Bahrain (NBB) denied imposing charges on cash withdrawals from savings and current accounts for its customers across banks ATM networks.
Bahrain Development Bank Appoints Indian National Sanjeev Paul as CEO
Board of Directors of Bahrain Development Bank (BDB) announced appointment of Sanjeev Paul as Chief Executive Officer of BDB Group as of May 15, 2018.
First Saudi Arabian-Linked Banks Join Al-Gosaibi Debt Settlement Plan
Two Saudi Arabian-linked banks have become the first lenders with ties to the kingdom to sign a debt settlement plan with Ahmad Hamad al-Gosaibi and Brothers (AHAB), the company’s chief executive said, opening the way for the conglomerate to try to push through a multibillion-dollar deal with creditors.
Jassim Al-Seddiqi Appointed Chairman of Khaleeji Commercial Bank
The Khaleeji Commercial Bank in Bahrain announced the appointment of Jassim Mohammed Al-Seddiqi as Chairman of the Board of Directors.
Al-Salam Bank Says CEO Yousif Abdulla Taqi Resigns Due to “Personal Reasons”
Al-Salam Bank announced on Tuesday (April 3, 2018) the resignation of Group CEO and Board member Yousif Abdulla Taqi.
Reuters: Bahrain to Start Investor Meetings Ahead of Multi-Tranche Dollar Bond Sale
Bahrain has hired BNP Paribas, Citi, Gulf International Bank, National Bank of Bahrain and Standard Chartered to arrange a series of fixed income investor meetings ahead of a potential multi-tranche dollar bond issue, a document from one of the banks showed on Thursday.
Saudi Crown Prince Seeks Solution to Banks' $2.6 Billion Islamic Tax Row
Crown Prince Mohammed bin Salman has directed the Saudi government to resolve a dispute with banks facing higher Islamic tax liabilities, banking sources say, in an attempt to avoid any damage to his push to diversify the economy.
Interests on Personal Loans from Bahrain Banks Expected to Increase
An economic report published by Al-Ayam local newspaper mentioned that interest on personal loans in Bahrain increasingly rose nearly two years ago and it is expected to increase this year.
Ithmaar Bank Suffers from Technical Problem Displaying Customers' Balances Incorrectly
Al-Ayam local newspaper said that Ithmaar Bank suffers from a technical problem that displays the customers' balances incorrectly.
German Watchdog Drops Inquiry into HNA, Qatar over Deutsche Bank
Germany's financial watchdog will take no action after ending an investigation into whether China's HNA and Qatar's royal family were working together on their investments in Deutsche Bank (DBKGn.DE), a person familiar with the matter said.
UAE Asks Banks for Information on 19 Saudis' Accounts
The United Arab Emirates central bank has asked banks and finance companies in the UAE to provide information on the accounts of 19 Saudi citizens, banking sources told Reuters on Thursday.
Reuters: Saudi Banks Freeze Accounts of Suspects Detained in Probe
Saudi Arabian banks have begun freezing the accounts of suspects ensnared in an anti-corruption probe, banking and business sources told Reuters on Monday.
Qatari Riyal under Pressure as Saudi, UAE Banks Delay Qatar Deals
Qatar's currency came under pressure on Tuesday as Gulf Arab commercial banks started holding off on business with Qatari banks because of a diplomatic rift in the region.