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Subscriptions worth BHD 20 million were received for the BHD 20 million issue, which carries a maturity of 182 days.

The expected return on the issue, which begins on 17 January 2013 and matures on 18 July 2013, is 1.03 per cent.

The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

This is issue No.89 (BH000P268112) of the short-term Sukuk Al-Ijara series.

Bahrain Telecommunication Company (Batelco) is looking to re-enter India through acquisition of a telcom company, according to a media report here. According to daily 'The National', Batelco CEO Sheikh Mohamed bin Isa Al Khalifa stated that the company is not interested in participating in the upcoming 2G spectrum auctions in India to secure licences and set up a new joint venture in India. However, it is planning to enter India again by investing in existing telcos, Read more [...]

Investcorp completes the sale of CCC Information Services Inc. to Leonard Green Partners, L.P. ACTIVE PERIOD OF SALES RESULTS IN OVER $1 BILLION OF DISTRIBUTION PROCEEDS FOR INVESTORS Bahrain, January 15, 2013 - Investcorp, a global provider and manager of alternative investment products, today confirmed that it has successfully completed the sale of CCC Information Services ("CCC" or "the Company") to Leonard Green Partners, L.P. CCC Read more [...]

Gulf Industry Fair 2013, being held from 15 to 17 January 2013 under the patronage of the Prime Minister HRH Prince Khalifa bin Salman Al Khalifa, caters to the fast-growing industrial sectors of Bahrain, the Eastern Province of Saudi Arabia and the northern Gulf.According to organisers Hilal Conferences Exhibitions (HCE), the Fair provides the ideal networking opportunity for specialist industrial product and service providers, distributors and agencies - representing the aluminium, energy Read more [...]

Bahrain Telecommunication Company (Batelco) is looking to re-enter India through the acquisition of a telecom company. According to The National, Batelco CEO Sheikh Mohamed bin Isa Al Khalifa said that the company is not interested in participating in the upcoming 2G spectrum auctions in India to secure licences and set up a new joint venture in India. However, it is planning to enter India again by investing in existing telcos. Batelco had formed a special purpose vehicle with Dubai-based Read more [...]

MANAMA — Former Asian champion Iraq can take another step toward a fourth Gulf Cup triumph and shatter host Bahrain’s hopes of a first title when the two meet in Tuesday’s semifinals. Iraq topped its preliminary group with three wins from three games, scoring five goals, while goalkeeper Noor Sabri has yet to concede. Coach Read more [...]

KUWAIT: Bahraini authorities released a Kuwaiti citizen several days after he was apprehended on charges of fanning insurgency in the island kingdom. Kuwaiti MP Khalid Al-Shatty who broke the news expressed gratitude to the “great Kuwaiti diplomatic efforts led by Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khalid Al-Sabah” which led to citizen Hassan Karam’s release. Verdict overruled The Appeals Court overruled a court order sentencing former MP Musallam Al-Barrak Read more [...]