Category: Industry

Dollar Falls on US Rate Cut Expectations

The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected start to a US easing cycle that markets are betting may begin with an outsized rate cut.

The euro hovered around $1.1123 in the Asia session, not far from the…

Read More

Oil Extends Gains on US Output Concerns

Oil prices extended gains on Tuesday as the market eyed US output concerns in the aftermath of Hurricane Francine and expectations of lower US crude stockpiles.

Brent crude futures for November rose 16 cents, or 0.2% at $72.91 a barrel at 0120 GMT. U…

Read More

CBB 12-month Treasury Bills issue no.120 oversubscribed

Manama, This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 192%.

The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is September…

Read More

Oil Extends Gains on US Output Concerns

Oil prices extended gains on Tuesday as the market eyed US output concerns in the aftermath of Hurricane Francine and expectations of lower US crude stockpiles.

Brent crude futures for November rose 16 cents, or 0.2% at $72.91 a barrel at 0120 GMT. U…

Read More