Business & Finance

Basra crude records losses for the fifth week in a row

Basra crude “heavy and medium” recorded losses for the fifth week in a row, at a time when global oil prices recorded the first gains after four weeks of losses.

Basra heavy crude closed in its last session yesterday, Friday, up 79 cents to reach $ 7…

Egypt, Latvia discuss cooperation in digital transformation

Communications and Information Technology Minister Amr Talaat had a meeting with Latvian Ambassador in Cairo Andris Razans to discuss promoting cooperation between the two sides in the areas of Digital transformation (DT).

Source : State Information…

Oil prices edge higher

Singapore, Oil prices recovered in Asian trading on Wednesday, but gains were capped by weak demand.

Brent crude futures rose 17 cents, or 0.16%, to $76.60 a barrel by 0615 GMT. U.S. West Texas Intermediate crude rose 17 cents, or 0.23%, to $73.37.

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CBB Treasury Bills oversubscribed by 215%

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 215%.

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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