Tag: Bahrain
Bahrain’s GFH Financial Group posts $60.75 million in H1 2024
Earnings per share for the January-June period rose to $1.70, up from $1.55 in H1 2023, marking a 9.7% increase
Gulf International Bank posts $41 million in Q2 2024
The bank’s total assets at the end of the first half were $45.7 billion, a 3% decrease from $47.1 billion in December 2023
Al Ansari to acquire Bahrain’s BFC Group Holdings for $200 million
The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region
Bahrain’s BENEFIT records $77.1 billion in electronic transactions in 2023
The electronic fund transfer system (EFTS) on all channels witnessed substantial growth to BHD 29 billion in 2023
AFS, Xpence partner to innovate SME finance in Bahrain
The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector
Central Bank of Bahrain issues new ESG reporting framework
The framework provides listed companies with guidelines on the reporting requirements for ESG factors.
Bahrain’s GFH Financial Group posts $78.9 million in nine-month profit
The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022.
Bahrain issues new licenses to expand scope of family offices
The regulations were developed to suit the business models of family offices that provide services to multiple wealthy families.
Mastercard, BIBF collaborate to boost financial inclusion
The BIBF will work with Mastercard Academy to design and deliver customised and scalable digital and physical learning courses.
Bahrain’s Al Salam Bank increases stake in Algerian unit
Al Salam Bank plans to further support its Algerian unit to accelerate its growth and capture new pockets of opportunities