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Bahrain Bourse Preparing Islamic Product Range – CEO

The bourse plans to launch a novel equity-based murabaha financing tool and Islamic real estate investment trusts.

Zain Arm Draws Weak Demand For First Bahraini IPO Since 2010

Money raised from the offering will be used to fund upgrades of its network infrastructure as well as expand its super-fast 4G LTE offering in the kingdom.

Bahrain To Detain, Question Activist Nabeel Rajab For One Week

Rajab was freed in May after two years in jail on charges of organising and participating in illegal protests.

Bahrain Summons Activist Over Critical Tweets – Ministry

The Ministry said that Nabeel Rajab was summoned for questioning on Wednesday “regarding tweets posted on his Twitter account that denigrated government institutions”.

Mondelez Plans $90m Biscuit Plant In Bahrain

The new plant will create about 300 jobs, the company said.

Bahrain Court Revokes Citizenship Of Nine Over Arms Smuggling

BNA news agency said the court found the nine men – who are all Bahraini-born Shi’ites – guilty of smuggling weapons, including explosives, into the country in a case that dates back to 2013.

Saudi Telecom’s Bahrain Unit Bets On Data To Boost Revenue

Viva said the launch of its next-generation mobile network – which allows web download speeds several times faster than its predecessor 3G – will help boost its revenues.

Bahrain To Implement New Visa Policy From October 2014

The new policy will allow citizens from 66 countries to receive visas upon arrival in Bahrain, while visitors from another 36 countries will be eligible for e-visas.

UAE, Saudi, Bahrain Confirm Role In Strikes Against Islamic State In Syria

A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.

Bahrain, GCC Send Air Force To Attack “Terrorist” Sites

The statement was the first comment from a GCC state since the United States launched air and missile strikes in Syria for the first time on Tuesday.

Bahrain Steel Closes $340m Loan Facility

The seven-year financing is split between a $300 million loan with an amortising structure and a $40 million revolving credit facility.

Bahrain Says Parties Find Common Ground But Shi’ites Say Demands Not Met

Bahrain has been shaken by persistent unrest since 2011.

Zain Bahrain Extends IPO Subscription Period By Two Weeks

No reason was given in the statement for the extension, which moves the closing date for investors to buy shares in the initial public offer to September 30.

Aluminium Bahrain May Look Into Additional Listing In Saudi

Since listing in November 2010 on Bahrain’s index, Alba stock has struggled.

Bahrain’s Investcorp Buys U.S. Real Estate Assets For Around $250m

The properties are in Durham, North Carolina, Seattle in Washington, and Jacksonville in Florida, the company said in a statement.

Islamic Lender Turkiye Finans Eyes Presence In Bahrain

No details were given on the timeframe to start operations or what type of licence was being sought to establish in Bahrain.

Bahrain Set To Raise $1.25bn From 30-Year Bond Sale

Final guidance was given at 6.00 per cent while initial guidance had been 6.00-6.125 per cent.

Bahrain To Get Vote Of Confidence With First 30-Year Bond Issue

Market participants with direct knowledge of the deal said that Bahrain would be able to issue its first 30-year debt by taking advantage of good sentiment towards the Gulf in general.

Bahrain’s GFH Acquires Properties In The US

The acquired portfolio will consist of two multi-family residential properties in Houston and one in Atlanta, GFH said.

Bahrain Postpones Trial Of Prominent Human Rights Activist

Maryam al-Khawaja has been charged with entering the country illegally, assaulting a policewoman and insulting King Hamad.

Head Of Bahrain Telecom Operator’s Domestic Unit Resigns

Rashid Abdulla stepped down after 40 years with the company.

Bahrain Batelco Says India Ex-Partner Is Bankrupt, Seeks $212m Owed

Chinnakannan Sivasankaran, the chairman of Chennai-based Siva, filed for bankruptcy in the Seychelles after a British court in June ordered him to pay the money to Batelco’s subsidiary BMIC.

Bahrain Detains Shi’ite Rights Activist On Arrival At Airport

Charges against the detained rights activist Maryam al-Khawaja include insulting Bahrain’s king, and assaulting a policewoman at the airport, her mother said.

Bahrain To Meet Investors Ahead Of Potential Sovereign Bond

Bahrain last sold a sovereign bond in July 2013, when it completed a $1.5 billion deal with a ten-year lifespan.

Bahrain’s Gulf Finance House Gets $105m Facility From Kuwait Finance

The facility will help GFH redeem two syndicated debt facilities and allow the release of some major assets.

Bahrain Sentences 14 To Life In Jail For Killing Policeman Last Year

The 14 were convicted of premeditated murder and intent to use violence against members of the security forces.

Bahraini Bank ABC Upsizes Loan Facility To $750m

Funds from the loan will be used for general corporate lending purposes, it said.

Bahrain’s Al Baraka Bank Posts 3.8% Rise In Q2 Net Profit

The bank made a net attributable profit of $43.8 million for the three months to June 30, it said in a statement.

Bahrain Bans Three Clerics From Preaching; Opposition Condemns Move

Bahrain has forbidden Sheikh Kamel al-Hashemi, Adel al-Hamad and Mohammed al-Mansi to preach in and around the capital Manama.

Bahrain Accuses Qatar Of Luring Citizens To Switch Nationality

Bahrain News Agency quoted a senior official as saying that Qatar had “targeted specific families and singled out a particular category of people” with no consideration to Bahraini laws.