Category: Industry

CBB Treasury Bills oversubscribed by 101%

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 101%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.

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Yemen: $20 million in losses at Hodeidah port

Sanaa – Ma’an – The material damage caused by the Israeli attack on the port of Hodeidah in western Yemen amounted to about $20 million, excluding oil losses, according to an official at the strategic seaport.

Israel launched an attack on the Houthi-…

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Dollar jumps against shekel, trades at 3.71

Bethlehem Ma’an – Following the recent events in the north, and against the backdrop of growing fears of a security escalation in anticipation of an Israeli response in Lebanon, the dollar and the euro are recording a jump against the shekel.

The dol…

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Gold Prices Rise on Hopes of US Interest Rate Cut

Gold prices went up on Monday amid expectations of a US rate cut in September and rising geopolitical tensions in the Middle East.

Spot gold was up 0.5% at $2,397.65 per ounce. US gold futures climbed 0.7% to $2,396.70.

The US central bank’s Federal…

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