Zawya.com - Bahrain SE News

Holidays weigh on Gulf stocks

Sat, 21 Nov 2009 07:13:14 GMT

Most Gulf stock markets extended losses this week ahead of Eid Al-Adha holidays due to start on Nov. 26, financial analysts said Friday.

KFH-Bahrain Joint Lead Manager and Bookrunner for Landmark Sukuk issue for IFC

Tue, 17 Nov 2009 10:54:11 GMT

Bahrain (KFH-Bahrain) acted as a Joint Lead Manager and a Bookrunner for the US$100m Sukuk issue for the International Finance Corporation (IFC; S&P AAA; Moody's Aaa), the private sector arm of the World Bank Group.

Investcorp To Acquire 20% Stake In Kuwait Gulf Cryo

Sun, 15 Nov 2009 08:54:49 GMT

Investcorp, the asset management firm specialising in alternative investments, announced today that its Gulf Opportunity Fund is to acquire a 20% stake in Gulf Cryo, the Al Huneidi family-owned company that is the leading manufacturer of industrial, medical and specialty gases in the Middle East.

GFH signs $100m murabaha facility with Deutsche Bank

Sun, 15 Nov 2009 08:48:01 GMT

Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank announced it has signed an agreement today with Deutsche Bank for the placement of its second US$ 100 million convertible murabaha facility.

GCC bourses see overvaluation of shares

Sun, 15 Nov 2009 06:28:03 GMT

After reeling under pressure during fourth quarter of 2008 and first quarter of 2009, the GCC markets picked up in the third quarter and continuing the upward march. Despite rise in indices, the DFM, Kuwait and Bahrain bourses recorded drop in their market capitalisation.

Kuwait: Performance of GCC markets 'end in red'

Sat, 14 Nov 2009 09:11:38 GMT

The performance of- GCC markets were depressed during Oct-09 as all GCC markets ended the month in red. Among its peers Kuwait witnessed hardest hit as it declined by 7.2 percent during the month.

Arab bourses volatile pending fresh moving factors

Sat, 14 Nov 2009 07:24:36 GMT

Middle East stock markets reflected mixed performances last week with speculation dominating the scene and investors looking for new clues that help to clarify the foggy picture of the global recovery, financial analysts said Friday.

GFH Q3 Net Loss at $29 Million

Thu, 12 Nov 2009 07:05:41 GMT

Gulf Finance House, or GFH, the leading Middle Eastern Islamic investment bank, on Wednesday announced a net loss of $29 million for the third quarter of 2009, which compares to a profit of $82 million made during the third quarter of 2008.

Kuwait stocks biggest loser in Gulf; TASI gains

Thu, 12 Nov 2009 06:27:25 GMT

Kuwait's stock index posted the biggest decline in the Gulf Arab region on Wednesday as concerns over the outlook of heavyweight Zain clouded investor sentiment.

Moody's: A3 Rating To GIB's SAR2.B Unsubordinated FRNs

Wed, 11 Nov 2009 15:00:42 GMT

Moody's Investors Service has today assigned a rating of A3 to the SAR2.0 billion (Saudi Arabian Riyal) floating-rate notes (FRNs) issued by Gulf International Bank (GIB).

Arig Posts Q3 09 Profit Of $ 16.9M

Wed, 11 Nov 2009 14:29:23 GMT

Arig recorded net profits of US$ 16.9 million for the first nine months of 2009 (loss at 3rd Quarter 2008: US$ 10.8 million) on the back of solid returns from its reinsurance activities and investments.

Khaleeji Commercial Bank Net Profit of BD1.1M for Q3 09

Wed, 11 Nov 2009 13:35:30 GMT

Khaleeji Commercial Bank (KHCB) announced that it has posted a net profit of BD1.1 millions for the last three months ended 30th September 2009 (BD 6.3 Million during the same period in 2008).

Mena equity markets decline by 1.8% on negative global cues

Wed, 11 Nov 2009 07:27:20 GMT

The Middle East and North Africa (Mena) equity markets fell by 1.8 per cent in October reducing year-to-date (YTD) gains to 24 per cent.

NCB Capital: GCC Economic Monthly (Nov-09)

Wed, 11 Nov 2009 05:14:00 GMT

This is a PDF report.

AlBaraka Banking Group Net Profit At $45M In Q3 09

Tue, 10 Nov 2009 14:55:51 GMT

The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C. announced that it had posted a net profit of US$ 45 million in the third quarter of 2009 and US$ 137 million for the first nine months of year 2009.

Investcorp wins $1billion in hedge fund mandates from US institutions

Tue, 10 Nov 2009 06:58:03 GMT

Investcorp, the asset management firm specialising in alternative investments, announced today that it had been appointed to manage two US hedge fund mandates worth a combined $310 million.

Sabic tops list of largest publicly traded GCC firms

Tue, 10 Nov 2009 05:59:56 GMT

Saudi Basic Industries Corporation (Sabic) is at the top of the largest 100 publicly traded Gulf companies in terms of market value at $64 billion (Dh235bn). It is followed by Al Rajhi Bank at $30bn and Saudi Telecommunications Company (STC) at...

United Securities: Monthly GCC Top Picks (09-Nov-09)

Mon, 09 Nov 2009 11:45:00 GMT

This is a PDF report.

Bahrain's Sico posts BD1.6m profit in Q3

Mon, 09 Nov 2009 06:59:24 GMT

Bahrain-based Securities and Investment Company (Sico) announced yesterday a net profit of BD1.6 million (Dh15.58m) for the third quarter this year compared with a loss of BD1.2m for the same period last year.

NBK Capital: MENA in Focus (05-Nov-09)

Thu, 05 Nov 2009 13:03:00 GMT

This is a PDF report.

KAMCO: GCC Equity Markets Monthly Review (Oct-09)

Sun, 01 Nov 2009 10:14:00 GMT

This is a PDF report.

Global: GCC Monthly Market Review (Nov-09)

Sun, 01 Nov 2009 07:17:00 GMT

In continuation of Global Investment House coverage on the GCC markets, we have come out with GCC Market Review ? November 2009.

The performance of GCC markets were depressed during Oct-09 as all GCC markets ended the month in red. Among its peers Kuwait witnessed hardest hit as it declined by 7.2 percent during the month. On the other hand, Saudi market remained quite resilient in terms of monthly change as it witnessed a marginal fall of 0.9 percent during Oct-09. With 3Q2009 earning season was well underway during the month, investors paid close attention to corporate announcements and reshuffled their portfolios accordingly.

On the macro front, the price of oil has risen above US$81 a barrel, a new high for the year, as hopes rise that the global economic recovery is picking up pace. The price of oil has risen in recent weeks, largely on the back of strong company results in the US which have fuelled optimism for the global economic recovery.