Latest news with #BHB
Daily Tribune
03-07-2025
- Business
- Daily Tribune
Subscription opens for 41st Issue of Government Development Bond
Bahrain Bourse (BHB) announced yesterday that Bahraini and Non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Development Bond Issue 41 (BHD 250 million). The bond issued by the CBB on behalf of the Government of Bahrain can be bought by executing orders through registered brokers at Bahrain Bourse. Investors will be able to trade the Bond on the secondary market at BHB once listed, which is expected to be on 24th July 2025. Bahrain Bourse specified that the subscription period through the registered brokers is effective on Wednesday until Thursday. The subscription will be open on Wednesday from 9:30 am until 1:00 pm and on Thursday from 9:30 am until 11:00 am. The minimum subscription size is 500 bond per subscriber. The BHD 250 million Bond issued at a par value of BHD 1 each on the 9th of July 2025 for a period of 4 years maturing on the 9th of July 2029. The annual fixed return on these securities is 6.25%, and will be paid bi-annually on 9th of January and 9th of July every year throughout the period of this issue, commencing on 9th of January 2026 up to and including the Maturity Date. The Central Bank of Bahrain issued the Government Development Bond on behalf of the Government of Bahrain. The Government of Bahrain directly guarantees the Bond securities.
The Star
27-06-2025
- General
- The Star
Bangladesh strives to revive near-extinct Mughal-era muslin
FILE PHOTO: In this picture taken on January 8, 2022, a weaver uses a handloom to make traditional muslin garments at the Dhakai Muslin Project facility in Narayanganj. - AFP DHAKA: Bangladesh is undertaking a national effort to revive its legendary Dhaka muslin fabric, once hailed as "woven air" for its ethereal lightness and intricate craftsmanship during the Mughal era. The tradition of Dhaka muslin weaving, which was exported worldwide, from the Middle East to Europe, vanished nearly two centuries ago due to colonial suppression and the extinction of the rare cotton plant Phuti Karpas. Fortunately, it is now the focus of a determined revival project. Authorities have successfully rediscovered and cultivated Phuti Karpas, a native species once grown exclusively in the Dhaka region. "This project officially began at the end of 2018," said Md. Ayub Ali, project director of the Reviving the Technology of Muslin. He told Xinhua recently that the first phase of the project focused on restoring Dhaka muslin sarees by rediscovering their yarn and fabric-making techniques, as well as reviving the cultivation of Phuti Karpas, the key ingredient of Dhaka muslin. He noted that the team has successfully reproduced yarn with a 750 thread count, and that local artisans are now being trained to master the traditional techniques used to create muslin sarees. Officials said both artisans and researchers have painstakingly worked to relearn the incredibly complex spinning and weaving techniques required to produce authentic muslin. This involves spinning ultra-fine yarns historically reaching 300-500 or more and weaving them on traditional handlooms. Weavers carried out this task with their supple fingers and enviable eyesight. Achia Begum, one of the project's weavers, described the challenges of working with such delicate yarn. "We used to rub garlic on our hands at night to keep them soft in the morning, so we could handle the fine threads more easily," she said, adding "the cotton yarn is so soft and thin. so that this work requires enormous patience." Begum said that "I feel proud to be part of reviving something I've only heard about since childhood and read about in books." Mohsina Akhter, now a supervisor at the Dhaka muslin weaving center, said it took her two years to learn the technique. After excelling during training, she became both a trainer and a supervisor. "I trained 11 new weavers, many of whom had never seen muslin before. It was difficult, but now they can all work independently," she said. The Bangladesh Handloom Board (BHB), under the Ministry of Textiles and Jute, plays a key role in funding the revival project, as well as overseeing cultivation, research and training programmes. BHB Chairman Abu Ahmed Siddique said, "muslin has deep historical roots, dating back to the Middle Ages. Dhaka cotton was famous worldwide, and our weavers were once prosperous. But British colonisation, mass production of yarn and restrictive trade policies devastated the industry." Siddique emphasised two key reasons for reviving muslin. "Firstly, we want to dig out our history and to revive our history," Siddique said, saying "It is a very glorious history of Dhaka and Bangladesh. Still Bangladesh is thriving in exporting garments. So why don't we dig out and restore our history and let the world know what kind of sophistication was available in this part." "Secondly, we are looking for fusion so that we can involve our investors and our modern technology with the ancient one," he said. The second phase began in 2023, focusing on conducting extensive research to ensure the sustainability of the revived muslin production process and to promote the private sector's participation. Siddique noted that muslin was never confined to the elite, it was worn by people of all classes. "Now, we are working to revive the original muslin and let the world rediscover its elegance," he said. - Xinhua
Daily Tribune
15-05-2025
- Business
- Daily Tribune
Al Noor International School honours students for Tradequest success
Al Noor International School held a ceremony on its Annual Day, April 22nd, to recognize students who excelled in the TradeQuest competition organized by the Bahrain Bourse (BHB). The event was attended by the School Chairman, Ali Hasan, the Director, Dr. Muhammad Mashood, and the Principal Abdul Rahman Alkoheji, along with school officials and teachers. Al Noor International School distinguished itself in the TradeQuest competition by securing second place in the private schools category, competing against ten other schools.
Biz Bahrain
12-05-2025
- Business
- Biz Bahrain
Bahrain Bourse in Collaboration with INJAZ Bahrain Concludes the 2024-2025 Smart Investor Program
Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain, in collaboration with INJAZ Bahrain, concluded the 2024-2025 Smart Investor Program with an Awards Ceremony held on Sunday, 11th May 2025. The event was attended by Her Highness Shaikha Hessa Bint Khalifa Al Khalifa, Chairperson of INJAZ Bahrain alongside senior officials from the Ministry of Education, Board members and the executive management of both entities, school coordinators, and participating students. Now in its seventh consecutive year, the Smart Investor Program continues to serve as a key national initiative aimed at strengthening financial literacy among young learners. Delivered through engaging, activity-based learning, the program introduces foundational concepts in personal finance, including budgeting, saving, and financial planning, empowering students with practical knowledge for real-world financial decision-making. The program's success underscores Bahrain Bourse and INJAZ Bahrain's ongoing commitment to fostering a financially savvy and responsible generation. This year's edition of the academic year culminated in the Smart Investor National Competition, designed to test students' comprehension and application of financial concepts. A total of 48 teams competed in a two-phased selection process. In the first stage, students submitted short videos creatively illustrating one of the core financial concepts of the Smart Investor Program. The second stage required teams to conceptualize a mobile application designed to support financial planning. The ceremony concluded with the announcement of the top three winning teams across both school categories. For the government schools category, the first-place award was presented to Aamina Bent Wahab Primary Girls School, the second-place award to Hamad Town Primary Girls School, and the third-place award to Al Mustaqbal Primary Girls School. For the private schools category, the first-place award was presented to Al Hekma International School, the second-place award to Modern Knowledge Schools, and the third-place award to Al Raja School. Additionally, the 'Best Video' award from the first stage of the competition was presented to Moza Bint Hamad Al Khalifa Comprehensive School for the government schools category and Canadian School Bahrain for the private schools category. 'The Smart Investor Program reflects our shared vision to nurture financially informed and empowered youth who are ready to take on the challenges of the future. Each year, the students raise the bar with their creativity and insight. We are proud to support this initiative, in collaboration with Bahrain Bourse, that bridges classroom learning with practical life skills, reinforcing the values of responsibility, foresight, and innovation. This year's milestone also marks INJAZ Bahrain's 20th Anniversary, further emphasizing our shared commitment to empowering Bahrain's youth through education and practical skills development.' Commenting on the impact of the program, Shaikh Khalifa bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse stated, 'The Smart Investor Program continues to serve as a catalyst in embedding financial literacy among youth, laying the foundation for a well-informed and resilient future generation. Through sustained partnerships with INJAZ Bahrain and the Ministry of Education, we continue to foster a generation that values informed financial choices. The level of commitment and creativity demonstrated by the students this year reflects the enduring impact of the program.' Bahrain Bourse and INJAZ Bahrain extended their sincere gratitude to the Ministry of Education for its crucial role in the successful implementation of the program. Appreciation was also extended to the program sponsors for the 2024-2025 academic year: Ahli United Bank (Gold Sponsor), Bank ABC, and National Bank of Kuwait (Silver Sponsors), whose contributions continue to drive meaningful educational outcomes.
Biz Bahrain
07-05-2025
- Business
- Biz Bahrain
Bahrain Bourse and The BIBF Kick-off the Second Edition of Board Mentorship Program
Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain, in collaboration with the Bahrain Institute of Banking and Finance (BIBF), announced the kick-off of the second edition of the Board Mentorship Program, further reinforcing its commitment to fostering governance excellence and board leadership across Bahrain's corporate landscape. The kick-off was attended by the Executive Management of Bahrain Bourse and the BIBF, alongside the selected participants from 19 institutions. Following a rigorous selection process, 21 high-caliber professionals from diverse sectors were admitted into the program, each demonstrating the acumen and potential to assume future board positions. The second edition builds upon the strong foundation laid in the inaugural cohort, which was launched in May 2024. The continuation of the program reflects the shared vision of BHB and BIBF to ensure the sustained development of a strong pipeline of qualified board candidates. Mrs. Marwa Almaskati, Senior Director of Partnership Development, Sustainability & Communications at Bahrain Bourse, stated, 'Initiatives such as the Board Mentorship Program are central to our efforts in raising the standards of corporate governance across Bahrain. By identifying and cultivating board-ready talent, we are not only supporting individual growth but also reinforcing the integrity and resilience of the wider capital market. The success of the first edition reaffirmed the value of this initiative, and we are pleased to see it evolve into a key pillar of Bahrain Bourse's ongoing governance development efforts.' 'This program represents a significant step forward in our mission to equip emerging leaders with the expertise needed for strategic decision-making and governance. It is a privilege to collaborate with Bahrain Bourse in developing future board members who will bring both insight and leadership to the boardroom. We look forward to seeing their continued influence as they shape and contribute to the future of the industry,' added Mrs. Anood Abbas, the Head of Leadership and Management Centre at the BIBF. It is noteworthy that Bahrain Bourse announced the 2nd edition of the program in February 2025. The program aims to equip participants with the necessary knowledge and expertise required to prepare them for leadership roles on corporate boards and enable them to lead their respective organizations to success and sustainability through governance excellence. The program spans across 32 training hours over 5 weeks conducted by international trainers and industry experts and is designed to equip participants with comprehensive insights and expertise to assume potential Board positions. The program concludes with a Board Factual Simulation to assess the candidates' capabilities in dealing with Board decisions and review steps needed to strengthen those capabilities.
