Bahrain Bourse Lists Bd125m Ijara Securities
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8 BUSINESS Monday, July 24, 2017 Monday, July 24, 2017 BUSINESS 9 The fact is that automobiles from the BMW Thai operator to open hotel in Bahrain Saudi makes first offer of domestic sukuk group are not manipulated and comply hailand-based Dusit International has signed a hotel Dubai with the relevant legal requirements. This IMF cuts Saudi growth forecast Tmanagement agreement with Al Manzil Hospitality audi Arabia’s government made its first offer of riyal- of course also applies to diesel automobiles. Beirut over oil prices and the austerity measures are welcomed the government’s on Friday. It cautioned the Saudi Arabia’s plan to remove Group to operate the dusitD2 Seef Bahrain, scheduled to Sdenominated Islamic bonds to investors, auctioning sukuk This is confirmed by the audi Arabia’s economy will structural reforms the country weighing on Saudi Arabia’s direction, which it said would government to monitor the energy subsidies, encouraging open in Manama next year. The new with maturities of five, seven and relevant results from Sstall in 2017 with growth is undertaking to reduce its economy, which contracted in help the fiscal deficit “narrow impact of the fiscal measures a “more gradual phasing of hotel will be the company’s first 10 years. Five-year sukuk were tests by national and “close to zero” due to lower reliance on crude, it said in a the first quarter for the first substantially in the coming and to “make corrections if the price increases to allow hotel in Bahrain but the company offered at yields in a range of 2.90 international authorities.” oil revenue, the International statement on Friday concluding time since 2009—illustrating years.” needed.” households and businesses said it has plans to open a further to 3.00 per cent, seven-year at Monetary Fund (IMF) said. its Article-IV consultation. the scale of the challenge “Non oil growth is expected Saudi Arabia’s fiscal deficit more time to adjust.” five properties in the Gulf region. 3.25-3.35pc, and 10-year at 3.55- The fund lowered its 2017 The IMF also lowered its facing the country’s new heir, to pick up this year and is expected to narrow to 9.3pc It also said the kingdom’s The dusitD2 Seef Bahrain will 3.65pc. Saudi commercial bankers -German luxury carmaker, BMW growth forecast to 0.1 per cent non-oil growth projection to crown prince Mohammed bin overall growth is expected to of gross domestic product in exchange-rate peg to the comprise 195 rooms. (Arabian expect an issue of about 10 billion from 0.4pc, citing production 1.7pc from 2.1pc—compared Salman, as he implements his strengthen over the medium 2017 and to just under 1pc by dollar “remains appropriate Business) riyals ($2.7bn). (Reuters) cuts by the Organisation of with actual growth of 0.2pc in blueprint for a transition away term as structural reforms are 2022, from 17.2pc in 2016, the given the structure” of the Petroleum Exporting 2016. from oil dependency. implemented,” the IMF board fund said. the economy. (LiveMint/ Countries (Opec), uncertainty Lower oil prices and Even so, the fund said it said in the statement released The IMF said it commended Bloomberg) BMW denies collusion on diesel emissions Bahrain Bourse Gang held for stealing Berlin erman luxury carmaker BMW yesterday denied anyG collusion with industry rivals on emissions from its diesel engines, saying lists BD125m 50New Delhi million litres oftracking andoil detection. More none of its models had been olice in Rajasthan have than 30 trucks have been “manipulated” or violated KPMG in Pcracked a criminal seized, with numbers likely to industry regulations. Bahrain syndicate accused of grow, police said. As revelations about announced the smuggling more than 50 The oil was sold to two polluting exhaust continue to Representative picture million litres of crude oil small factory owners nearby, buffet Germany’s all-important the weekly, as did Mercedes- launch of its Ijara securities who stockpiled the crude in Benz maker Daimler. inside water tankers from auto sector, the Munich- new corporate The Learning Hub has been designed to allow busi- underground tanks before According to the report, India’s largest onshore oilfield, based giant sought to distance training nesses and organizations to create customized cours- selling it on to clients across carmakers held “innumerable an official said yesterday. itself from what it called the es, which match specific learning objectives, including India. meetings” from 2006 onwards portal, KPMG The theft at the Cairn “scandalisation of diesel developing accompanying classroom training and mod- The stolen oil was used in about diesel exhaust processing India oilfield went undetected motors”. Learning Hub, ules in Arabic for nearly six years until road construction and diesel “The fact is that automobiles systems designed to reduce which offers police in the western desert production, police said. from the BMW group are emissions of harmful nitrogen state arrested 25 people this In February, police in not manipulated and comply oxides (NOx). online training Manama is issued at a par value of who will feed them into the week for involvement in Uttar Pradesh arrested nearly with the relevant legal Carmakers agreed to install modules to KPMG Learning Hub features a variety of online training ahrain Bourse announced BD1 each on 17th July trading system. The system the sophisticated smuggling a dozen people accused of requirements,” the company only small tanks of a treatment organisations modules and assessments, which can be completed in Byesterday the listing of 2017 for a period of 3 years will automatically match network. stealing $15.5 million worth said in a statement. solution, AdBlue, used to any location with internet access, at any time. Courses the Government Islamic ending on 17th July 2020. the orders in accordance to Local media reported $7.75 of petroleum from a high Der Spiegel magazine had convert the gases into harmless across all completed on the KPMG learning hub are eligible for Lease (Ijara) Securities The annual fixed return on the price priority then time (sukuk) – Issue No. 24. these securities is 4.20 per priority, with a minimum of million worth of oil could Representative picture pressure refinery pipeline in reported Friday that German water and nitrogen, as larger sectors. Continuous Professional Development (CPD) points. have been stolen in total the northern state. carmakers Volkswagen, Audi, tanks would have been more The securities were listed cent, and will be paid every BD400 per transaction in the from the oilfield run by a chief Gangandeep Singla. authorised to carry water -- a The gang had purchased Porsche, BMW and Daimler expensive. by the CBB on behalf of the six months on 17th July primary market. subsidiary of British mining “The company suspected byproduct in oil exploration land adjacent to the refinery had secretly worked together The size of the AdBlue Government of Bahrain and 17th January every year Following the listing of giant Vedanta Resources. something fishy was -- from exploration sites for and dug a tunnel to tap the from the 1990s onwards on tanks agreed on was too through registered brokers at throughout the period of this this issue, the number of More than 75 people, happening and complained to dumping but some of the pipeline owned by state-run issues including polluting small to clean exhaust gases Bahrain Bourse. The sukuk issue. conventional bonds and many drivers and contractors us, and during investigations tankers were filled with crude Hindustan Petroleum. India emissions from diesel vehicles. by the necessary amount -- will be traded under the As of Monday, investors sukuk issues listed on BHB working at the oilfield, are still we found this was an instead. imports nearly 82 percent of Volkswagen had reported the “laying the foundations for symbol GILS24.SUK starting will be able to sell and buy reached 14 issues with an The interactive courses will wanted in connection with organised ring,” he said. The drivers were disabling its crude oil to meet its energy cartel to German competition the diesel scandal,” Spiegel today. the sukuk by placing their approximate total value of cover a broad spectrum the heists, said district police He said the drivers were their GPS devices to avoid requirements. (AFP) authorities in a letter seen by reported. The BD125 million sukuk orders through the brokers US$6.416 billion. of industry specific topics, including anti-money laun- dering, anti-bribery and cor- ruption, Islamic banking and finance, risk management, IT Lava-like rocks believed to be melted nuclear fuel have been spotted inside Japan’s stricken Fukushima reactor by an underwater robot. The and data analytics. three-day investigation using the small, remote controlled underwater robot, which is about the size of a loaf of bread, ended Saturday. The Japanese gov- Large amounts of the solidified lumps and deposit ernment said in were spotted for the first time by the robot on the December that it KPMG Learning Hub also floor of the primary containment vessel under- expects total costs hosts a range of personal neath the core of Fukushima’s No. 3 reactor, the To take decades. including compensa- development courses Tokyo Electric Power Co (TEPCO) said. Locating the fuel debris tion, decommissioning for business leaders, and is a key part of the decom- and decontamination ‘soft skills’ training mod- missioning process for the to reach 21.5 trillion ules for all, including plant, which is expected yen ($192.5 billion) in business negotiation and The images were the first “highly likely” sight- to take decades. time management. Total cost a process likely to take ing of melted fuel since the 2011 disaster, at least four decades when a massive undersea earthquake sent a $192.5 billion as high radiation levels huge wave barrelling into Japan’s northeast coast, slow operations.