Category Archives: Market

Chinese e-commerce giants report booming Singles Day sales

Beijing, Chinese e-commerce giants Alibaba and JD.com reported a total of more than $50 billion in sales on Monday in the first half of Singles Day, an annual marketing event that is the worldAEuros s busiest online shopping day.

Singles …

NBR holds two interactive VAT workshops for representatives working in the wholesale and retail sectors

Manama, The National Bureau for Revenue (NBR) held two interactive workshops for professionals working in the wholesale and retail sectors, recapping general and sector specific VAT concepts, including invoicing and filing.

Following a question-and-answer session, 60 attendees representing 43 enterprises …

Bahrain among the first countries to rollout 5G network, says minister

Manama, Bahrain is among the first countries globally to offer commercial 5G network services and consumers will reap the benefits of this technology in a rapidly changing global telecommunication landscape.

Kamal bin Ahmed Mohammed, Minister of Transportation and Telecommunications, was …

Emirates Group announces $320 million profit

Dubai, The Emirates Group said its revenue for the first six months of 2019-20 was $14.5 billion, down 2% from $ 14.8 billion during the same period last year.

This slight revenue decline was due mainly to planned capacity reductions …

Investcorp, Everbright enhance partnership

Manama, Investcorp, a leading global provider and manager of alternative investment products, and China Everbright Limited, a leading Hong Kong based alternative investment firm in Greater China, have announced a new milestone in their existing partnership by combining their investment …

Batelco announces 2019 Q3 financial results

Manama: Batelco today announced its financial results for the first nine months of 2019 (the period) and for the third quarter of 2019, the three-month period ended 30 September 2019 (Q3).

Batelco announced net profit attributable to equity holders of …

Saudi Stock Exchange Index Advances, to Closes Higher, at 7653.21 points

Riyadh, The main Saudi Stock Exchange Index closed the trading up 62.88 points to close, at 7653.21 points, with transactions worth more than SR 2.2 billion.

The number of shares traded were more than 92 million shares, with more than …