Bahrain Financial News

Ajmera Realty & Infra India, one of India's leading real estate companies, have rewarded its shareholders handsomely as they consistently hit new record highs with each passing month. Over the past year, the stock has surged by nearly 190%, rising from ₹276.90 to the current market price of ₹802.60 per share. Notably, it has posted positive gains for 9 out of the last 12 months, with January and February showing the highest monthly returns of 31.53% and 26.28%, respectively.

heaviest rain ever recorded there after a deluge flooded out Dubai International Airport, disrupting flights through the world’s busiest airfield for international travel.The state-run WAM news agency called the rain Tuesday “a historic weather event” that surpassed “anything documented since the start of data collection in 1949.” That’s before the discovery of crude oil in this energy-rich nation then part of a British protectorate known as the Trucial States.Rain also fell in Bahrain, Oman, Qatar and Saudi Arabia. However, the rains were acute across the UAE.One reason may have been “cloud seeding,” in which small planes operated by the government fly through clouds burning special salt flares.

India is a cricket-crazy country and perhaps it's no surprise that bookings are coming in thick and fast for the upcoming T20 World Cup 2024 to be held in the US and West Indies this June. But it's not just cricket. Indian sports fans are travelling the world to watch their favourite sporting events across categories like never before, buoyed by rising disposable incomes, travel companies said. Rajeev Kale, president and country head for holidays, MICE and Visa at Thomas Cook (India), said that besides the demand for the T20 World Cup from both leisure and corporate customers, the company is seeing high interest for Wimbledon in London, as well as Formula One races in Abu Dhabi, Singapore and Bahrain throughout the year. The company's data indicates an uptick of 25-30% in bookings for key global sporting events this year, he said. «Besides corporate incentives, head honchos from India Inc and HNI-UHNI leisure travellers, our data reveals strong demand emerging from younger audiences as well who are keen to tick off their bucket lists,» Kale said.

Live: Eid-al-Fitr 2024 moon sighting Highlights: India to celebrate Eid on April 11 except THESE places Whereas Kerala, Ladakh, and Jammu & Kashmir, witnessed the crescent on April 9, due to this these states celebrated Eid on April 10 together with the Muslims in Saudi Arabia, UAE, Oman, Qatar, Kuwait, Bahrain, Egypt, Turkey, Iran, USA, United Kingdom and other countries in the Middle East and West. Also Read | Eid-al-Fitr 2024: Wish your friends and family 'Eid Mubarak' with these quotes, WhatsApp messages Banks closed for 14 days across states; check the state-wise list of bank holidays in April.

Ferrari's Carlos Sainz has ended Red Bull's Formula 1 winning streak when the Spaniard took advantage of Max Verstappen's early retirement to win the Australian Grand Prix just two weeks after missing the previous race in Saudi Arabia due to an emergency appendectomy. Sainz, who started on the front row alongside Verstappen, kept his place into turn one, but passed the Dutchman on lap two at turn nine for the lead and took control once his rival retired two laps later with a fiery mechanical failure. Verstappen had won the first two F1 races of the season in Bahrain and Saudi Arabia and was on a nine-race winning streak.

For many years now, the Middle East has been the home to a growing sense of economic dynamism and an increasing appetite for the latest investment opportunity.

For many years now, the Middle East has been the home to a growing sense of economic dynamism and an increasing appetite for the latest investment opportunity.

State Bank of India is likely to shift its centralised global back office and some other foreign exchange related departments from Kolkata to Mumbai, the country's financial capital, in yet another move to centralize operations. The back office was set up in 2015 in the City of Joy when Anundhati Bhattacharya was the chairperson of the bank. The back office works 22x7 to cater to customers in Sydney, Bahrain, Hong Kong, London and New York. The bank has not formally announced the move but started preparing grounds for it, three people aware of the development said.

The Middle East franchisee of Starbucks has begun firing some 2,000 staff at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip

Bahrain, 1,200 MT to Mauritius and 550 MT to Bhutan through National Cooperative Exports Limited. The government last year, imposed a ban on onion exports till March 31 to meet domestic demand and stabilise its wholesale prices but it allows a specified quantity to be exported to friendly nations. In a separate notification, the Director General of Foreign Trade (DGFT) also amended the timelines and procedures for registration of import of yellow peas under the Import Monitoring System (IMS) for consignments which will arrive at the Indian ports after March 31, 2024.

Ramadan started on March 24 and finished on April 21. In countries like United Arab Emirates, Bahrain, Kuwait, Lebanon, Oman, Pakistan, Saudi Arabia, UK, US, Turkey, Maldives, Ramadan is likely to start on 11 March. In India, Bangladesh, Indonesia, Egypt, Ramadan is likely to start from 12 March, a report by Hindustan Times has states.

FanCode, the leading sports destination in India, has announced that it will serve as Formula 1's official broadcast partner in the country for the 2024 and 2025 seasons. Indian fans can watch the longest-ever F1 season, featuring 24 races starting February 29 in Bahrain, on FanCode across various devices like smart TVs, mobile phones, and tablets. FanCode will provide comprehensive coverage of Formula 1 races, including practice sessions, qualifying sessions, F1 Sprint events, and Grand Prix throughout the season.

streaming service, FanCode, on Monday announced that it has inked an exclusive partnership deal with Formula 1®, becoming the sole broadcast partner for the premiere motorsports race in India for the 2024 and 2025 seasons. This also marks the company's entry in a new sport, going beyond cricket, football and hockey among others. The announcement comes as Formula 1® gears up for its longest-ever season, featuring a staggering 24 races set to commence on February 29 in Bahrain. Indian fans can be a part of live action via FanCode's coverage, which includes all practice and qualifying sessions, F1 Sprint events and Grands Prix throughout the season, available across multiple devices, including smart TVs, mobile phones and tablets.

By Phil Stewart and Idrees Ali

US forces and the United Kingdom Armed Forces, with the support of several other countries, conducted strikes against 18 Houthi targets in Iranian-backed Houthi terrorist-controlled areas of Yemen, according to the US Central Command. The joint strikes, with support from Australia, Bahrain, Canada, Denmark, the Netherlands, and New Zealand, were conducted on Saturday at 11:50 pm. CENTCOM shared on X, stating, «On Feb. 24, at approximately 11:50 p.m. (Sanaa Yemen time), U.S. Central Command forces alongside UK Armed Forces, and with support from Australia, Bahrain, Canada, Denmark, the Netherlands, and New Zealand, conducted strikes against 18 Houthi targets in Iranian-backed Houthi terrorist-controlled areas of Yemen.»

Houthi sites in Yemen on Saturday, according to officials. As reported by Reuters, this marks the latest in a series of military operations against the Iran-backed group, which has been implicated in ongoing attacks on shipping in the region.

Formula 1 season began this week and there was Christian Horner, the head of Red Bull Racing, still leading his team as it begins its bid for a fourth consecutive championship. Horner was also front and center a week ago at Red Bull's launch of its 2024 car — a virtual highlight reel of the success Horner has built since he became team principal in 2005. Make no mistake, the longest-tenured team leader in the F1 paddock knows how to win: Red Bull has won six constructors' championships and seven drivers' championships under Horner. But as he continues with «business as normal» — Horner's own words at the launch last week — nobody else can figure out how he has remained on the job during an internal investigation into allegations of inappropriate conduct that parent company Red Bull announced on Feb. 5.

Bangladesh, Mauritius, Bahrain and Bhutan till March 31. «We have allowed export of 50,000 tonnes of onion to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes of Bahrain and 560 tonnes to Bhutan with immediate effect,» Consumer Affairs Secretary Rohit Kumar Singh told PTI. Traders are allowed to export this quantity till March 31. The modalities are being worked out, he said. Singh said the decision has been taken following a recommendation from the external affairs ministry.

NTA) has announced that the National Eligibility cum Entrance Test for Undergraduate (NEET-UG) will be conducted at exam centres in 14 foreign cities on May 5. This decision comes after requests from aspirants, as the initial information bulletin for the exam did not mention centres outside India. «It has been decided that the exam will also be conducted in 14 foreign cities in 12 countries,» said NTA Senior Director (Exams) Sadhna Parashar. According to NTA Senior Director (Exams) Sadhna Parashar, the exam will be conducted in 12 countries, including cities like Dubai, Abu Dhabi, Sharjah (UAE), Kuwait City (Kuwait), Bangkok (Thailand), Colombo (Sri Lanka), Doha (Qatar), Kathmandu (Nepal), Kuala Lumpur (Malaysia), Lagos (Nigeria), Manama (Bahrain), Muscat (Oman), Riyadh (Saudi Arabia), and Singapore.

irregularities in the February 8 polls, clearing the way for the formation of a coalition government to end the political uncertainty in the country. The apex court also imposed a fine on the petitioner, a former army officer, over his failure to appear before the court. Retired Brigadier Ali Khan last week urged the apex court to order new elections within 30 days to be held under the direct supervision and oversight of the judiciary «to ensure fairness, transparency and accountability». He had also sought a stay order to stop the formation of a new government till the case was decided.

India has allowed exports of onions on government-to-government basis to some countries, on recommendation of the Ministry of External Affairs, said people aware of the matter. One of the persons said a limited quantity of onion exports has been allowed for bilateral purposes though no decision has been taken on lifting a complete ban on onion exports. Details of the exporting agency could not be ascertained. Another person said the government has permitted exports of onions in limited quantities to Bangladesh, Sri Lanka, Mauritius, Bahrain, Bhutan and Nepal, among others.