Bahrain Financial News

Mukta Arts Ltd. has entered into an agreement with Saudi Arabia-based Al-Othaim Investment Company to establish and operate cinemas across the Kingdom of Saudi Arabia through its Bahrain subsidiary, Mukta A2 Multiplex W.L.L. The partnership highlights the synergies between the real estate footprint of the Al-Othaim group and the experience of Mukta A2 Cinemas across the value chain in the movie exhibition business, Mukta said in a statement.

By Roxanne Liu and Kane Wu

Israel-Hamas war in Gaza, European Union High Representative for Foreign Affairs and Security Policy Josep Borrell said on Monday that he will visit multiple Middle Eastern countries to discuss humanitarian access and assistance in the war-torn region. He asserted that the ongoing situation in Gaza needs two-state solutions and can only be achieved through dialogue. Taking to X, the EU official said, «I will travel to Israel, Palestine, Bahrain, Saudi Arabia, Qatar and Jordan this week to discuss humanitarian access and assistance and political issues with regional leaders. We need a political horizon looking towards the two-state solution.

Check all the latest Israel-Hamas war LIVE Updates hereSaudi Arabia, considered as the de-facto leader of the Muslim world, along with its neighbour the United Arab Emirates, was among the countries that blocked a proposal moved at the Islamic-Arab summit to snap all ties with Israel, reports said.The proposal was to sever all diplomatic and economic relations with Tel Aviv, deny Arab airspace to Israeli flights and that the oil-producing Muslim countries should “threaten to use oil as a means of leverage" to achieve a ceasefire in Gaza, The Times of Israel reported Ehud Ya’ari, the Arab affairs analyst of Israeli news platform Channel 12, as saying.The proposal was shot down by Saudi Arabia, the UAE, Jordan, Egypt, Bahrain, Sudan, Morocco, Mauritania and Djibouti, Ya’ari reportedly added. Read the complete story.The World Health Organisation (WHO) on Sunday, November 12 reported that it has lost contact with Al-Shifa Hospital in Gaza City, ANI reported.Al-Shifa Hospital has received international attention after reports of individuals fleeing the hospital being allegedly shot, wounded, or killed.

By Md Manzer Hussain

The Times of Israel said, citing the claim made by Ehud Ya’ari, the Arab affairs analyst of Israeli news platform Channel 12. The proposal was shot down by Saudi Arabia, the UAE, Jordan, Egypt, Bahrain, Sudan, Morocco, Mauritania and Djibouti, Ya’ari reportedly said. Livemint could not independently verify the development.

Gulf countries with one visa, just like Schengen countries! In a bid to simplify travel logistics and boost tourism, the Gulf Cooperation Council (GCC) countries have recently approved a unified tourist visa that will allow people to travel across member states such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. This was announced by GCC President Sayyed Hamoud bin Faisal Al Busaidi during the 40th meeting of the Interior Ministers.

Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.

Bob Stewart has been found guilty of a racially aggravated public order offence after telling an activist to «go back to Bahrain» during a confrontation. The veteran MP, who had vehemently denied any racist intent, was fined £600 and instructed to pay an additional £835 in legal costs.

war-torn Israel on Friday. The United States and other countries are looking at "a variety of possible permutations" for the future of the Gaza Strip if Hamas militants are removed from control. 1) Secretary of State Antony Blinken will head back to Israel on Friday.

Gaza. By the time Israel issued its denial, though, details had ceased to matter. The catastrophe had sparked protests in the West Bank and Jordan, and as far away as Tunisia.

WASHINGTON (Reuters) -Palestinian Islamist group Hamas' Oct. 7 attack on Israel that killed about 1,400 people aimed to disrupt a potential normalization of ties between Israel and Saudi Arabia sought by Riyadh, U.S. President Joe Biden said on Friday.

Anti-Palestine’ comments on social media. The hospital administration took to microblogging site X to inform that Dr. Sunil Rao's employment had been terminated in view of the tweets he posted allegedly favouring Israel, who has been relentlessly bombarding Gaza in retaliation to the Hamas attack of the 7 October weekend.

Gaza’s al-Ahli hospital on October 17th, which killed hundreds of people. Israel later denied that it was carrying out air strikes in the area; the explosion, it said, was caused by a misfired rocket launched by Islamic Jihad, another militant group in Gaza. By the time Israel issued its denial, though, details had ceased to matter.

Israel-Hamas war. If the war escalates further and spreads to other countries, it will shoot up crude oil prices and also deal a severe blow to the global economy which is already struggling thanks to continuous rate hikes due to a sharp rise in inflation led by the Russia-Ukraine war in the post Covid-19 pandemic world. "Top US officials warned on Sunday that the war could escalate into a wider conflict across the Middle East.

Investing.com — U.S. Secretary of State Antony Blinken seeks to limit the extent of the conflict in the Middle East, while the focus on Wall Street turns to the new quarterly corporate earnings season. Rite Aid has filed for bankruptcy while crude prices consolidate after recent hefty gains.

Israel-Hamas war dragged on to the sixth day, many countries, including India, are making arrangements to repatriate their citizens from Israel. In a show of solidarity, US Secretary of State has arrived in Israel.

JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase was “executed seamlessly with satisfactory response times,” according to a statement. 

GVK Coal Developers (Singapore) Pte Ltd and associated companies opened in the High Court here on Tuesday. Judge Dame Clare Moulder presided over the hearing at the Commercial Court division to hear the case brought by Bank of Baroda (acting by its Ras Al Khaimah branch), Bank of India (London branch), Canara Bank (London branch), ICICI Bank Ltd (acting by its Bahrain, Dubai and Off-Shore Banking branches), Indian Overseas Bank (Corporate Branch, India) and Axis Bank Ltd.

Shoogloo Group launches its new venture Broadband.asia in India, Singapore, UAE, Saudi Arabia, Kuwait, Bahrain, and Qatar. Broadband.asia, a one-of-a-kind online comparison website, is designed to filter, select, and compare broadband plans based on users’ preferences. By personalizing broadband plans, Broadband.asia helps consumers meet their internet demands. Users can now search for plans available in their area, decide on the price range and features to find an internet plan that meets all their needs.

UAE food industry said that huge demand is there in the Middle East countries for chicken, dairy, basmati rice, frozen marine goods and wheat products from New Delhi. The UAE industry has sought the support of the Indian government in smooth certification processes, more coordination with Agricultural & Processed Food Products Export Development Authority (APEDA), and harmonisation of standards. They also said that high quality packaging of Indian products would help boost New Delhi players to increase exports of food and food products in countries like Bahrain, Kuwait, the Sultanate of Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).