Friday 18 April 2014
 
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CBB

CBB issues F1 10th anniversary coin, medal

The Central Bank of Bahrain (CBB) has issued a coin and silver medal to celebrate the 10th anniversary of the launch of Formula 1 in the kingdom, which will be held this year from April 4 to 6.   The silver medal

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Consolidation push paying off for Bahrain banks

The Central Bank of Bahrain (CBB) has encouraged banking consolidation, which to date has resulted in the merger of 10 banks, creating stronger and well-capitalised financial institutions, said CBB Governor Rasheed Al Maraj. Al Ma

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Fake notes fears allayed in Bahrain

Fears that counterfeit bank notes are in circulation have been allayed by the Central Bank of Bahrain (CBB). It issued a statement yesterday in response to public concern about the “soundness of notes” in the system, s

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CBB unveils new rules for microfinance firms

The Central Bank of Bahrain (CBB) has released a new set of rules specifically tailored for microfinance institutions.   The rules for microfinance institutions are part of the Volume 5 of the CBB Rulebook, developed specific

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Bahrain central bank issues new disclosure rules

All licensed financial institutions in Bahrain will be required to publicly disclose their risk profile, risk management, capital adequacy, capital instruments and remuneration practices, under new rules by the Central Bank of Bahrain (CBB).

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Experts to discuss Takaful stability in ME

More than 250 leading players, key regulators and thought leaders in the regional Islamic insurance industry will be in Bahrain for a major conference where new ways to tackle fundamental challenges in the regional Takaful industry will be discu

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Bahrain banks' profit balloons to $1bn in Q1

The combined net profits of Bahrain’s banks nearly doubled to $1.1 billion in the first three months of this year, compared to $427 million in cumulative profits during the same period last year, said a report. The rebound i

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NextCare wins new Bahrain licence

  The Central Bank of Bahrain (CBB) has granted a licence to NextCare Holding to establish NextCare Bahrain.   NextCare Holding, which was incorporated in Bahrain with a paid up capital of $8 millio

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Bahraini banks ‘unaffected by cyber attacks’

No Bahraini bank has been affected by cyber attacks, the Central Bank of Bahrain (CBB) said yesterday, referring to $45 million stolen recently from two banks in the Middle East. CBB was highlighting the fraud at the UAE-based Nat

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Bahrain Islamic banking assets up 13pc

The total assets of Islamic banks in Bahrain have increased 13 per cent at the end of last year – up from 4 per cent in 2003, said Islamic Banks and Financial Institutions general council secretary general Dr Omar Al Hafiz.

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