National Bank of Bahrain launches online trading platform

Al-Watani Trade was inaugurated on the Bahrain Bourse trading floor during the opening of trade in a ceremony attended by NBB management and staff.
Updated 20 May 2019

National Bank of Bahrain launches online trading platform

National Bank of Bahrain (NBB) has announced the expansion of its digital offering with the launch of Al-Watani Trade, a new online trading platform that allows clients to trade equities and other securities directly on Bahrain Bourse using smart devices.
Al-Watani Trade was inaugurated on the Bahrain Bourse trading floor during the opening of trade in a ceremony attended by NBB management and staff. The service has been developed in collaboration with Mubasher Financial Services and is in line with NBB’s broader efforts to drive digital innovation across the bank and to create online products and services that make banking and managing wealth secure for its customers.
The trading platform offers minimum upfront investment costs and a more simplified way for customers to access the market from wherever they are.
Hussain Al-Hussaini, chief executive — treasury, capital markets and wealth management at NBB, said: “We’re delighted to announce the launch of Al-Watani Trade, providing a state-of-the-art online trading platform for our customers. Digital innovation and making transacting more efficient and seamless for our customers is a priority for NBB and we are excited to bring to the market new platforms that take us further in this direction.
“Al-Watani Trade has a host of features that make trading online simple and efficient. This includes easy account opening and approvals and a host of tools to help support trading success. With Al-Watani Trade, customers get real-time quotes, can buy and sell stocks on the go, access all news and announcements, and benefit from a wide range of analytical tools to help them make smart and well-informed decisions.”
Narjes Farookh Jamal, chief operating officer of Bahrain Bourse, added: “Al-Watani Trade aims to enhance retail investor penetration in the market as the platform aims to provide convenience and flexibility. NBB’s Al-Watani Trade aims to provide a completely new investment experience, in which investors can manage their securities online easily.”


OOCL joins shipping lines at King Abdullah Port

Updated 17 September 2019

OOCL joins shipping lines at King Abdullah Port

OOCL, a Hong Kong-based shipping company, has joined the group of international companies transporting cargo and delivering maritime shipping services to and from King Abdullah Port. This comes with the company’s official launch of operations in the port located in King Abdullah Economic City and the subsequent arrival of containers to the berths.

The move aims at enhancing the trade movement of imports and exports in the Kingdom.

“The addition of OOCL to the list of leading international shipping companies operating in King Abdullah Port is a testament to the trust of key players in the maritime shipping industry, as the port enjoys a strategic location on one of the most important international maritime shipping lanes as well as integrated infrastructure and logistics services,” a press release said.

The port is located near the Industrial Valley, the Bonded and Re-export Zone, and major Saudi cities such as Jeddah, Makkah and Madinah, which together constitute the main commercial center in the Kingdom. King Abdullah Port also enjoys close proximity to Madinat Yanbu’ Al-Sina’iyah, which is witnessing a massive trade movement in the field of petrochemicals, and it is linked to a road network that facilitates the process of transporting goods by land to and from ships to Riyadh, Dammam, and other cities in the Arabian Gulf.

Officially inaugurated last February by Crown Prince Mohammed bin Salman, King Abdullah Port was ranked the second fastest-growing port in the world in 2018 by Alphaliner, a global specialist in data analysis of maritime transport, port capabilities, and the future development of vessels and global maritime routes. The port’s throughput increased from 1.7 million TEU in 2017 to 2.3 million TEU in 2018.

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. It has been listed as the fastest-growing container port and one of the world’s 100 largest ports after less than four years of operation. Ten of the largest shipping lines work at the port to offer integrated services to importers and exporters. The port’s development plan is proceeding at a steady pace with a clear vision to become one of the world’s leading ports, utilizing its advanced facilities and proximity to the Bonded and Re-export Zone and the logistics park.

With state-of-the-art processing facilities, the world’s deepest 18-meter water berths, expanding roll-on/roll-off operations, and a fully integrated Port Community System, King Abdullah Port is capable of receiving today’s diverse mega cargo ships, fulfilling the growing needs of the young and fast-growing population of the Kingdom and the region.