Manama, A phone call took place today between His Majesty King Hamad bin Isa Al Khalifa, and His Excellency Dr. Abdul Latif Rashid, the President of the Republic of Iraq. The two leaders exchanged congratulations on the approaching of Eid Al Fitr and wishes for many returns of the occasion with more progress and prosperity for their countries and across the Arab and Islamic nations. Source:Bahrain News Agency
Gold extends record rally amid speculative buying
Singapore, Gold prices extended their record rally on Monday, steered by speculative buying and persistent tensions in the Middle East, which overshadowed strong U.S. payrolls number last week. Spot gold was up 0.3% at $2,335.73 per ounce, as of 0646 GMT, after hitting a record high of $2,353.79 earlier in the session. U.S. gold futures gained 0.4% to $2,354.50. Spot silver was up 1.1% at $27.77 per ounce, platinum edged 0.1% higher at $927.78 and palladium gained 0.2% at $1,001.76. Source:Bahrain News Agency
CBB Sukuk Al Salam securities fully subscribed
Manama, The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al Salam Islamic securities, has been Fully Subscribed by 100%. Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries maturity of 91 days. The expected return on the issue, which begins on April 10 and matures on July 10, is 5.90% compared to 5.85% of the previous issue on March 13. The Sukuk Al Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.276 (BH000623H970) of the short-term Sukuk Al Salam series. Source:Bahrain News Agency