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Bahrain Bank BBK May Price 5-Year Benchmark Dollar Bond Tuesday

BBK has returned to the market in its first debt issue since 2010 to refinance an existing $500 million bond maturing in October.

Bahrain’s GFH Proposes Capital Cut, No Dividend For 2014

The firm plans to reduce the number of shares by 40 per cent instead of cutting their nominal value.

Bahrain Detains Student, Teachers Over Koranic Recitation To Music

Footage allegedly showing the student reciting Koranic verses while a teacher played an instrument to accompany him were posted on social media.

Inmates Injured In Clashes At Bahrain Prison -Rights Group

The rights group said that the disturbance at the prison was sparked by an assault by security guards on family members trying to visit relatives held at the remote facility.

Bahrain Refinery Expansion To Cost Some $5bn, Online By 2019

The increase in refinery’s capacity according to the current plan is from 260,000 barrels per day to 360,000, the minister said.

Bahrain Says Will Address Audit Report On $1bn Spending Violations

A report by a state audit body alleged BD400 million of public funds had been wasted by government departments and state-linked firms.

Bahrain To Investigate Alleged Waste Of $1.1bn Of Public Money

The National Audit Court (NAC) produced the figure in its 2013/14 report, a local daily reported.

Bahrain’s Sheikh Salman Set To Win Asian Football Presidency Unopposed

Sheikh Salman will also secure himself a term as vice-president of soccer’s world governing body FIFA.

Bank of Khartoum To Open First Gulf Branch In Bahrain

Bank of Khartoum has applied for a branch licence and is hoping to finalise the process of obtaining it within weeks.

Four Seasons Bahrain Officially Opens

Luxury operator’s arrival further stokes competition in the Kingdom’s five-star sphere

Bahrain Charges 17 Bombing Suspects

The group had set off bombs in the island kingdom’s Maqaba, Al-Janabiya, Budaiya and Qarya vilages.

Bahrain Sentences Three Men To Death For Killing Policeman

The ruling is the latest in a series of strict penalties handed down to those accused of seeking to destabilise the Western-allied kingdom.

Bahrain Banks On Infrastructure, Private Sector To Ride Out Cheap Oil

Experts say that Bahrain had managed to diversify its economy enough in recent years to make lower oil prices less damaging.

Bahrain’s GFH Plans $230m Sukuk Issue In 2015 To Fund Acquisitions

The bank is borrowing from financial markets again as it recovers from a debt restructuring.

Bahrain Central Bank Chief: Lending To Pick Up After Slump

The plunge in oil prices is not hurting liquidity in the banking system, Rasheed al-Maraj said.

Bomb Damages Bahrain Mosque As Police Detain “Terrorist Cell”

The explosion appeared to have partially destroyed the roof of the Muqsha village mosque, west of Manama.

Bahrain’s Al Baraka Says Q4 Net Income Up 12.5%

The bank made a net attributable profit of $36 million for the last quarter of 2014.

Bahrain Launches Criminal Investigation Against Main Opposition Group

The Interior Ministry accuse the al-Wefaq group of trying to undermine national security.

Bahrain’s Batelco Q4 Net Profit Rises 22%

The former monopoly has now posted rising profits in four of the past six quarters.

Bahrain Sends Warplanes To Jordan To Fight ISIL

The country did not say how many aircraft or what kind were sent.

Bahrain Confirms Six-Month Sentence For Opposition Official

Jameel Kadhim was sentenced on charges of making false allegations that undermined national elections.

Bahrain Puts Off Rights Activist’s Appeal Hearing To March 4

As founder of the Bahrain Center for Human Rights, Rajab took a leading role in demonstrations led by Bahrain’s Shi’ite Muslim community in 2011.

Aluminium Bahrain Posts 153% Q4 Profit Leap But Cuts Dividend

The company made a net profit of BHD34.6 million in the three months to December 31, up from BHD13.7 million in the prior-year period, it said in an emailed statement.

Bahrain Confirms Suspension Of Al-Waleed’s Alarab News Channel

Bahrain’s statement was the first official comment since the new Alarab channel was shut down.

Bahrain Petroleum Inks Rare Term Deal For Low Sulphur Diesel

Bapco signed a January to December 2015 term contract with Emirates National Oil Company (ENOC), traders said.

Bahrain Begins Legal Process To Set Up Central Sharia Board

A country-level approach could help limit differences between products, speed the design of new products and boost investor confidence.

Prince Alwaleed’s Alarab Channel Goes Off-Air Soon After Launch

The Bahrain-based channel said that programming ceased because of “technical and administrative reasons”.

Investcorp Eyeing U.S. Growth, Falling Euro For Buys

The firm is best known in the global space for listing luxury goods brands, such as Gucci and Tiffany & Co, but has been increasingly branching out into other sectors.

Bahrain’s Investcorp H1 Net Profit Rises 5%

The Bahrain-based company made a net income of $45.3 million in the second half of 2014.

Saudi Prince Alwaleed-Backed Alarab News Channel Launches

The 24-hour Arabic language news channel, based in Bahrain, will have a specific focus on Saudi affairs.