Bahrain News
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Updated 3 hours, 8 minutes ago
The following table shows cargo volumes at Bahrain International Airport for March from data provided the kingdom’s Civil Aviation Affairs.
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Elena Ambrosiadou, co-founder of Ikos Asset Management Ltd., won a U.K. court case brought by her estranged husband, Martin Coward, over who owns the computer software that runs the hedge fund’s trading platform.
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Qatar’s central bank governor said his country hasn’t changed its support for pegging the riyal to the U.S. dollar after Reuters reported that the bank’s director of research urged a more flexible exchange rate.
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GlassPoint Solar Inc.’s completion of the first Middle Eastern solar plant that makes steam to extract crude from aging oilfields, on time and under budget, will help encourage orders in the region for the producer’s technology.
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Dubai’s benchmark stock index rose for a ninth day in its longest winning streak in more than two years on investor optimism the emirate is recovering from a property crash and restructuring debt. Abu Dhabi’s gauge gained.
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Bahrain must urgently cut spending or risk unsustainable public debt as its fiscal deficit widens and oil prices decline, according to the International Monetary Fund.
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Arcapita Bank BSC, an Islamic- compliant fund manager, won court permission to borrow $350 million from Goldman Sachs International to finance its exit from bankruptcy.
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Investment Dar Co., a shareholder in luxury carmaker Aston Martin, is offering some of its assets to creditors as the Kuwaiti company restructures debt.
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Arcapita Bank BSC, an Islamic- compliant fund manager, will consider a revised offer for a bankruptcy-exit loan from Fortress Credit Corp. to compete with a proposal from Goldman Sachs International.
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Dubai’s benchmark stock index, the world’s best-performing gauge this quarter, rose to the highest level since 2009 on bets a tourism recovery will help boost corporate earnings. Israeli shares dropped for a third day.
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