Business & Finance

Bahrain All Share Index marks 1,941.10 points

Manama, Bahrain All Share Index has closed at 1,941.10 points, marking an increase of 6.95 points above the previous closing.

This increase was due to the rise in the communication services sector, the financial sector and the material sector.

Bahra…

Oil prices fall after surprise increase in US crude inventories

Oil prices fell on Wednesday after a report showed an unexpected rise in US crude inventories, while concerns about a possible widening conflict in the Middle East on production eased slightly.

Brent crude futures fell 41 cents, or 0.5 %, to $80.28 …

Mashat, EU Amb Review Cooperation Files

Minister of Planning, Economic Development and International Cooperation Rania Mashat discussed with Head of the European Union Delegation to Egypt, Ambassador Christian Berger, bilateral cooperation in the coming period as well as the implementation …

European stocks rise as traders wait for US inflation data

Paris, European shares rose in early trade on Wednesday after data pointing to softer inflation helped markets recover from last week’s meltdown, while traders hoped that U.S. inflation data later in the session would also be benign.

New Zealand’s ce…

Oil prices rise more than three percent at settlement

Baghdad, Oil prices rose more than three percent at settlement, Monday, to continue their gains for the fifth consecutive session amid increasing risks of supply disruptions.

Brent crude futures rose $2.64, or 3.3 percent, to $82.30 a barrel at settl…

Egypt to build around 250,000 new hotel rooms to promote tourism

Egypt is currently working to build 200,000-250,000 new hotel rooms as part of its target to attract 30 million tourists by 2028, Prime Minister Mostafa Madbouly said on Sunday during the cabinet’s meeting at its premises in New Alamein.

Madbouly add…

Eroglu Garment invests $40m in new apparel factory in SCZone

Eroglu Garment, a subsidiary of the Turkish Eroglu Global Holding Group, has announced the establishment of a new ready-made garment factory in the Qantara West industrial zone of the Suez Canal Economic Zone (SCZone), marking a significant investment…

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