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Bahrain’s real estate sector set to grow 5% to 7%

03/03/2015 07:36:18 AM

MANAMA: With new tenancy laws came into effect from February 7th, the real estate sector is set to grow 5% to 7% in 2015, according to head of Real Estate at the BCCI. “The new tenancy laws will serve as […] > read more

Maiden GIIC Forum concludes on a high note

03/03/2015 07:01:05 AM

Manama: The 1st Global Islamic Investment Gateway (GIIG) forum, which held in the Kingdom of Bahrain, concluded on Tuesday. Over the past two days experts, regulators and bankers tackled many issues being confronted by the global economy and the inve > read more

ICD-Afreximbank to help African debt/sukuk market

03/03/2015 06:51:17 AM

MANAMA: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed an agreement with the African Export-Import Bank (Afreximbank) to cooperate in the develop > read more

flydubai net profit up 12.3% to $68m

03/03/2015 06:43:44 AM

Dubai: flydubai reported a net profit of AED 250 million (USD 68 million) an increase of 12.3% compared to 2013 with total revenue of AED 4.4 billion ($1.2 billion) for the 12-month period, ending 31 December. Last year saw flydubai, […] > read more

Financial landscape is changing from West to East

03/03/2015 04:30:56 AM

MANAMA: The financial landscape has changed significantly after the global financial crisis which was at least partly caused by excessive dependence on debt and speculation, according to CBB Governor. “Demographics are also changing. People under a > read more

Stable, inclusive growth becomes a biggest challenge

03/03/2015 04:27:51 AM

MANAMA: The world is looking for sustainable, ethical and inclusive economic growth, thanks to the global financial crisis of 2007-8, according to CBB Chief. “Islamic economics and finance, if practiced in the right spirit, provides an ideal altern > read more

OIC food and Agriculture sector worth $118b

03/03/2015 04:25:50 AM

MANAMA: Food and Agriculture is the second largest OIC sector cluster. Sector exports were $118 billion in 2013 representing 8% of global exports and grew 42% CAGR from 2009 to 2013, according to a report. Thompson Reuters, the world’s leading > read more

Bahrain ranks 18th in OIC in Islamic markets index

03/03/2015 04:25:01 AM

Manama: Bahrain has been ranked 18th in the 2015 Islamic Growth Markets Investment Index in terms of investment potential within the OIC umbrella. Thompson Reuters, the world’s leading provider of intelligent information for businesses and prof > read more

Experts deliberate on $6.7t OIC economies

03/02/2015 07:34:24 AM

Manama: Over 300 experts and delegates who attended the opening day of the 1st Global Islamic Investment Gateway (GIIG) Forum deliberated upon the challenges and opportunities faced by the $6.7trillion OIC economies. Attendees included representative > read more

Islamic banks’ profit can exceed $10b

03/02/2015 07:33:37 AM

Manama: The growing financial markets of the Organisation Islamic Cooperation (OIC) represent unprecedented investment opportunities anywhere according to one of the main sponsors of the two-day Global Islamic Investment Gateway (GIIG), which opened > read more

Falling oil prices make GCC economies more resilient

02/24/2015 00:06:26 AM

MANAMA: The GCC economies have emerged more resilient amid falling oil prices in the recent months, according to Chief Economist at the EDB. “The GCC economies have started focusing on the structural reforms and diversification of their economies t > read more

Five gets 15-years jail for blowing up a car

02/23/2015 14:22:40 PM

MANAMA: Five defendants accused of blowing up a car in Adliya were sentenced on Monday to 15 years in jail by the High Criminal Court, Advocate General and Chief of the Terror Crime Prosecution Ahmed Al Hammadi said. Three defendants […] > read more

Security, stability remains crucial for economic development

02/23/2015 13:39:28 PM

GUDAIBIA PALACE: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa said that security and stability should be the focus of the Governmnet stressing that citizens should feel they are well protected, adding that development cannot > read more

Bahrain on the right path of development, progress

02/23/2015 13:37:58 PM

GUDAIBIA PALACE: The Kingdom of Bahrain under the wise leadership of His Majesty King is treading on the right path of development. This was the crux of the meeting between Deputy King His Royal Highness Prince Salman bin Hamad Al […] > read more

Bahrain to crackdown on ghost CRs, ghost workers

02/23/2015 13:35:03 PM

GUDAIBIA PALACE: A high-powered committee has been set up to regulate the issue of ghost commercial registrations (CRs) in order to put a lid on illegal workers. The Committee will also look into accommodation of illegal workers, especially bachelors > read more

Court upholds 15-year term for attempted murder

02/23/2015 13:17:58 PM

MANAMA: Terror Crime Prosecution President Advocate General Ahmed Al-Hammadi said the first instance of the Criminal Court of Appeal ruled in the attempted murder of on-duty policemen, dismissing the appeal filed by three convicts and upholding the 1 > read more

Police arrests a fugitive for hiding a bomb in Mosque

02/23/2015 13:16:26 PM

MANAMA: The General Director of Criminal Investigation and Forensic Science announced on Monday the arrest of a fugitive who told police that he hid a home-made bomb inside a toilet in a mosque in Muqsha village. The bomb squad arrived […] > read more

Minister applauds executive-legislature co-operation

02/23/2015 13:15:15 PM

MANAMA: Information Affairs Minister Isa Abdulrahman Al-Hammadi has underlined the cooperation between the executive and legislative branches in preparing the general budget for the two fiscal years 2015 and 2016. He said at the post-Cabinet press co > read more

Bahrain unveils major public transport project

02/23/2015 12:58:03 PM

Gudaibia Palace: The Kingdom of Bahrain has embarked on a major public transport initiative with the official launch of the new public bus service set for April 1st 2015, the Minister told Cabinet on Monday. Kamal bin Ahmed Mohammed, Minister [… > read more

AUB reports a record net profit of $482m

02/22/2015 12:01:37 PM

MANAMA: Bahrain-headquartered Ahli United Bank B.S.C. (AUB) posted a record net profit of $482.5 million for the year 2014, a growth of 31.7% compared with net profit of $366.5 million in 2013. The bank said that the profit was attributable […] > read more

GFH seeks re-financing for Villamar project, Sukuk

02/20/2015 01:30:35 AM

MANAMA: Bahrain-based Gulf Finance House (GFH) confirmed the signing of agreements with Gulf Holding Company and Al-Rajhi Bank for providing financing towards the completion of Villamar Project and restructuring of the existing Sukuk facility. GFH wa > read more

S&P downgrades GIB rating one notch to stable

02/20/2015 01:28:54 AM

PARIS: Standard & Poor’s Ratings Services revised its outlook on Bahrain-based Gulf International Bank (GIB) to stable from positive. S&P affirmed its BBB+/A-2 long- and short-term counterparty ratings on the bank. The rating action primarily r > read more

Canon rolls out a new lineup of printers in Bahrain

02/20/2015 01:27:11 AM

Manama: Canon Middle East, a leader in imaging and business solutions, strengthened its product portfolio in Bahrain by unveiling the latest ranges of its inkjet printers – the MAXIFY series and i-SENSYS laser series at a special event held at > read more

G V Mani takes over CEO of Copal Amba

02/18/2015 03:47:08 AM

NEW YORK: Moody’s Corporation (NYSE:MCO) has named G V Mani as Chief Executive Officer of its Copal Amba unit. Copal Amba is a leading provider of offshore research and analytics services to the global financial and corporate sectors. “We are [&# > read more

Bahrain Duty Free net profit up 32.7% to $22.7m

02/18/2015 03:35:04 AM

Muharraq: Bahrain Duty Free Shop Complex in a statement said that it had posted a net profit of $22.7million compared to previous year’s earnings of $17.1million representing an increase of 32.7%. Basic earnings per share saw an increase of 35. > read more

TRA plans to stop ghost pre-paid mobile connections

02/18/2015 02:54:44 AM

Seef District: The Kingdom of Bahrain’s telecom regulator on Wednesday said that it was planning stiff regulations aimed at combating the ghost pre-paid mobile connections. Telecommunications Regulatory Authority (TRA) Bahrain announces that it has > read more

Police seize arms cache from terrorists’ hideout

02/18/2015 00:46:34 AM

Manama: The General Director of Northern Governorate Police announced on Tuesday the discovery of a weapons cache in a house that is still under construction in A’ali. The house was being used by terrorists as a hiding place to store […] > read more

Photo expo: a glimpse of Bahrain’s aviation history

02/17/2015 23:28:16 PM

Manama: In line with its commitment to showcase the aviation legacy of the Kingdom of Bahrain to an international audience and continuously enhance the passenger experience, Bahrain Airport Company (BAC), the managing body and operator of Bahrain Int > read more

Bahrain bans promoting loyalty chain schemes

02/17/2015 23:18:54 PM

Seef: The Minister of Industry and Commerce has issued an order banning and selling products through pyramid scheme and network marketing. The action was a part of the initiative to discourage the promotion pf loyalty chain schemes for making profit. > read more

TRA revokes Hawar Telecom license

02/17/2015 22:16:13 PM

Seef: Telecommunications Regulatory Authority (TRA) has revoked Hawar Telecom license. Further to the Telecommunications Regulatory Authority (“TRA”)’s notice published on 25 December 2014 in the Official Gazette and on TRA website, asking for > read more

Think before making investments in Oil & gas exploration

02/17/2015 22:13:16 PM

JOHANNESBURG, South-Africa: Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil & gas industr > read more

UoB recycling project wins $5000 award

02/17/2015 22:07:39 PM

Manama: The Coca-Cola Foundation, in partnership with INJAZ Al-Arab, have declared the winners of the sixth edition of the ‘Ripples of Happiness’ program from a wide variety of projects submitted by hundreds of Arab youth across Middle East. Amon > read more

Tamkeen launches graphic designing training initiative

02/17/2015 21:51:04 PM

Manama: As part of its efforts to develop the skills and capabilities of Bahrainis in line with labour market needs, the second phase of Tamkeen’s graphic design training programme recently commenced with more than 17 Bahrainis set to be served [&# > read more

Libya: an ideal place for Islamic State operations

02/17/2015 21:47:03 PM

Libya can be a launching pad for operations into Algeria, Tunisia, and Egypt, which is where the weight of the population is located, according to an analysis on the Islamic State in Libya by Firas Abi Ali, Head of Middle […] > read more

Uncertain future for Europe amid Greece-EU deadlock

02/17/2015 21:41:00 PM

The collapse of talks between the newly elected Government in Greece and European Union has raised many questions about the future of the Europe, according to analyses on the political and economic outlook for Greece. The most recent collapse in [ > read more

Ayadi offers 4 luxury villas, cash prizes of $1.97m

02/17/2015 21:28:36 PM

MANAMA: Al Salam Bank – Bahrain announced the launch of new opportunities for Ayadi Saving’s scheme for the year 2015, with bigger rewards for customers to win every month. Following the business combination with BMI Bank, a subsidiary of Al > read more

Batelco achieves good financials from abroad

02/16/2015 10:22:34 AM

Hamala: Batelco Group is making progress in its expansion with ongoing ability to make progress in some very tough competitive markets resulting in good financial results and growth in customer numbers, according to Batelco Group CEO, Alan Whelan, sa > read more

Batelco reports BD49.3profits, seeks operational excellence

02/16/2015 09:52:35 AM

HAMALA: Batelco Group (Ticker: BATELCO), the regional Telecommunications Group which reported consolidated net profit of BD49.3 million in 2014 said it would continue to seek operational excellence. “We are very pleased to announce this sound set o > read more

Now follow @bahrainbourse

02/16/2015 09:30:44 AM

Bahrain Bourse (BHB) launched its official account on Instagram. The account aims to enhance communication with the Bourse’s individual and corporate clients, and goes in line with the emerging new technology of social media networking and the > read more

Batelco’s consolidated net profit up 13% to BD49.3m

02/16/2015 08:40:16 AM

Manama: Batelco Group (Ticker: BATELCO), the regional Telecommunications Group with operations across 14 countries, said its profits were up 13% over 2013 to BD49.3 million in 2014. The Group announced its results for the twelve-months ended 31 Decem > read more

BCCI seeks special status for Asian traders, businessmen

02/16/2015 02:05:41 AM

MANAMA: The Kingdom of Bahrain being a trading hub in the region enjoys very strong ties with the Asian traders and businesses and this is a right to further develop this strategic relationship to a next level, according to a […] > read more

Women play pivotal role in Bahrain’s banking sector

02/15/2015 06:44:24 AM

MANAMA: Over the past five decades, women play a significant role in the Kingdom’s financial services industry, according to the CBB Governor. “We at the CBB are delighted that the Supreme Council for Women has named 2015 as the year [… > read more

Tamkeen’s enterprise support program yields positive results

02/15/2015 06:28:19 AM

Manama: Tamkeen’s board of Directors held its first regular meeting of 2015 reviewed audited financial statements, discussed and approved Tamkeen’s 2015 – 2017 strategy and reviewed the progress of the revamped Enterprise Support programme. “ > read more

Thugs use ma’atem as launching pad for attacking policemen

02/15/2015 06:20:03 AM

MANAMA: The General Director of Capital Governorate Police announced Saturday that evidence indicated that the Hussainiya (worshiping place) in Abubaham that caught fire, was the starting point used by thugs who were preparing to attack policemen wit > read more

Bapco on the right track of achieving excellence

02/15/2015 06:16:50 AM

MANAMA: Bapco is well on its way to achieving its goal of world class operational excellence performance. It is now time to move from project implementation mode to embedding OE in the whole organization, according to the findings of a […] > read more

Arab Federation of Exchanges seeks market integration

02/15/2015 06:08:37 AM

MANAMA: The Arab Federation of Exchanges (AFE) Equities Summit 2015 to be hosted by Bahrain Bourse aims at helping in developing the Arab financial markets, and improving the integration and liquidity of those markets. The conference also aims to dev > read more

Role of financial sector in Bahrain’s development in spotlight

02/15/2015 06:00:51 AM

MANAMA: The fourth annual GCC Financial Forum which will be held on 24-25 February in Bahrain will host over 500 delegates to analyse the changing dynamics of the region’s financial services and the role the financial sector plays in Bahrain’s [& > read more

GCC petrochemicals industry attracts $220.3b investments

02/15/2015 05:56:07 AM

MANAMA: The petrochemical industry which is 59.6% of the manufacturing industries has attracted $220.3 billion investments, according to GOIC statistics. The Gulf Organization for Industrial Consulting (GOIC) in a report said that the petrochemicals > read more

Saudi Arabia’s negative outlook due to fiscal weakening

02/13/2015 13:30:50 PM

MANAMA: S&P says that its negative outlook on Saudi Arabia reflects agency’s view that Saudi Arabia’s general government fiscal position is weakening. “We could lower the ratings over the next two years if the government’s liquid asse > read more

Bahrain Government’s deficit widens 8% of GDP

02/13/2015 13:08:50 PM

MANAMA: As a result of sharp decline in oil prices, Bahrain’s Government’s deficit widening to 8% of GDP in 2015, compared with our previous estimate of 4%, and compared with a surplus that averaged 1% of GDP over 2007-2013, according [… > read more

Global investors eye $6.7t OIC economies

02/13/2015 12:12:46 PM

Dubai: The escalating interest from international investors in the Islamic markets due to the large growing young population and the growth in $6.7 trillion Organization of Islamic Conference (OIC) economies, which has reached $6.7 trillion in GDP in > read more

Calls to subvert security unlawful, punishable

02/11/2015 13:24:26 PM

MANAMA: The Kingdom of Bahrain is gearing up for the 14th anniversary of the National Action Charter. The Ministry of Interior stressed the importance of avoiding anything which may disrupt security and subvert public order. Any subversive call to di > read more

UAE’s Child Protection wins praise in World Congress

02/11/2015 13:23:14 PM

Abu Dhabi, United Arab Emirates: Organizers and participants at the World Congress on Juvenile Justice praised the UAE participation, and commended the country’s experience related to child protection and juvenile delinquency prevention programs. T > read more

Falling oil prices pose a threat to sovereign ratings

02/11/2015 13:21:09 PM

FRANKFURT: Sharply lower prices for oil will have ramifications for many countries, in Standard & Poor’s Ratings Services’ view. This is according to a report published today titled “Plummeting Prices Weigh On Ratings For Some Oil E > read more

BBK-Jaguar Land Rover (JLR) inks agreement

02/10/2015 13:51:12 PM

Manama: BBK signed an agreement with Jaguar Land Rover Middle East and North Africa (JLR MENA). BBK’s agreement will pave the way for a financial services cooperation agreement with (JLR MENA) whereby the bank will provide JLR-branded financial ser > read more

A Bahraini teacher wins Ayadi’s luxurious home

02/10/2015 13:49:40 PM

Bahrain: BMI Bank, a subsidiary of Al Salam Bank – Bahrain, awarded a three-bedroom Diyar Homes Villa to Fatema Yusuf Marhoon as Ayadi’s final 2014 grand prize winner. Additionally, five lucky students – Hasan Ali Al Qarooni, Ahmed Ismaeel > read more

GFC obtains SAMA license in Saudi Arabia

02/10/2015 13:47:26 PM

UAE: Gulf Finance Corporation in Saudi Arabia, a wholly-owned subsidiary of SHUAA Capital and a provider of Sharia-compliant finance to small and medium sized enterprises (SMEs) in Saudi Arabia, announced today that is has obtained a new operating li > read more

bni launches door to door service for customers

02/10/2015 13:44:40 PM

Manama: Bahrain National Insurance (bni) a subsidiary of Bahrain National Holding (BNH) has announced the launch of its new and unique motor insurance 24/7 Door to Door service. The new service features a number of pick up and delivery services, [ > read more

GCC healthcare growth fuels by expatriates

02/10/2015 13:43:30 PM

MANAMA: Rapidly growing populations and per capita incomes, rising life expectancies, a high incidence of lifestyle-related diseases, and ambitious medical infrastructure projects are driving health care industry growth in the Middle East’s Gulf Co > read more

SWIFT offers data platforms to local communities

02/10/2015 13:40:59 PM

Brussels: SWIFT announces that it is making its global reference data platform available for national reference data collection and maintenance services, building on the foundations of its successful payments reference data platform, SWIFTRef. The SW > read more

Venture Capital industry set to grow 500%

02/10/2015 13:39:22 PM

Kuwait/Dubai: The Venture Capital industry in the Middle East and North Africa region is set to grow five-fold in the next three years, according to Dany Farha, CEO of BECO Capital, a regional Venture Capital firm focused on technology investments [& > read more

Seef Properties eye two more shopping malls

02/10/2015 13:17:34 PM

MUHARRAQ: The Seef Properties which opened its 3rd shopping mall in Muharraq is looking to build two more malls in next three years, according to Robert Addison, General Manager Seef Properties. “As part of the five-year business strategy there > read more

A BD20m Seef Mall Muharraq opens doors for business

02/10/2015 12:56:23 PM

MUHARRAQ: The BD 20million Seef Mall Muahrraq has opened its door for business on 31st January bringing a completely new shopping-cum-grocery experience for the people of that area. The new venture of the Seef Properties which is also Bahrain’s fir > read more

Bahrain Cabinet backs the suspension of Al Arab TV

02/09/2015 21:31:00 PM

Gudaibia Palace: The Cabinet on Monday approved the suspension on Al Arab TV Channel citing cogent reasons. The cabinet approved a recommendation by the High Authority for Information and Communication (HAIC) on the suspension of Al-Arab Satellite TV > read more

Gulf Capital closes Dh850m revolver credit facility

02/05/2015 15:54:02 PM

Abu Dhabi: Gulf Capital, one of the most active and diversified alternative asset managers in the Gulf region, announced today that it has successfully closed an AED 850 million syndicated revolving credit facility lead arranged by two of the leading > read more

Bitcoin & Altcoin transactions shrink to $30b

02/05/2015 15:51:59 PM

Hampshire, UK: A new report from Juniper Research has found that the value of all cryptocurrency transactions will fall sharply this year to just over $30 billion, compared with over $71 billion in 2014. The report, ‘The Future of Cryptocurrenc > read more

King Hamad award for agricultural development

02/05/2015 15:49:08 PM

MANAMA: King Hamad Award for Agricultural Development has been launched in line with an initiative by Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, Wife of His Majesty the King and President of the Advisory Panel for the National [R > read more

Kingdom witnesses landmark development: HRH PM

02/05/2015 15:46:33 PM

Gudaibiya Palace: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received at the Gudaibiya Palace His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Premier. The > read more

Bahrain-Kuwait enjoys deep-rooted fraternal ties

02/05/2015 15:43:42 PM

Al-Safriah Palace: His Majesty King Hamad bin Isa Al Khalifa, at Al-Safriah Palace, received Chairman of Foundation of Abdulaziz Al-Babtain’s Prize for Poetic Creativity, and Kuwait University political sociology Professor Dr. Mohammad Ghanim Al-Ru > read more

Bahrain: a historic meeting point of Civilizations

02/05/2015 15:41:52 PM

Al Safriya Palace: Bahrain has always been –and still is- a meeting point for civilisations and a land on which people from all religions and sects live in tolerance and love, away from extremism and fanaticism, noting that such features […] > read more

Executive-legislative enjoys excellent working relationship

02/05/2015 15:39:20 PM

MANAMA: Shura Council Chairman Ali bin Saleh Al-Saleh received Council of Representatives President Ahmed bin Ibrahim Al-Mulla in the wake of the Government Action Plan (GAP) endorsement. Al-Saleh stressed constructive cooperation between the Higher > read more

Media plays a pivotal role in Bahrain’s development

02/05/2015 15:37:32 PM

Riffa Palace: The High Authority for Information and Communication (HAIC) convened at Riffa Palace for a session chaired by His Majesty’s Personal Representative and (HAIC) President His Highness Shaikh Abdulla bin Hamad Al-Khalifa, in the pres > read more

BBK’s total cash prizes reach $22.5m for Al Hayrat

02/05/2015 15:23:08 PM

Manama: Al Hayrat is BBK’s unique savings account that presents exciting opportunities for customers to win prizes while they save. Today, BBK made the announcement that everyone has been waiting for – the Second Al Hayrat Instant Millionaire > read more

Russian Air Force flights over Europe triple in one year

02/05/2015 15:16:27 PM

The number of Russian Air Force operations has markedly increased over recent months, according to Konrad Muzyka, IHS Jane’s Military Capabilities Analyst. “This is confirmed by reported NATO data, which illustrated that in 2014 the Alliance airc > read more

S&P revises Takaful Re outlook negative

01/30/2015 14:25:18 PM

LONDON: Standard & Poor’s Ratings Services said that it revised to negative from stable the outlook on Dubai- based reinsurer Takaful Re Ltd. (TRL). At the same time, we affirmed our ‘BBB’ insurer financial strength and counterparty > read more

Bahrain-Australia to cement trade, investment ties

01/30/2015 14:24:00 PM

MANAMA: Chairman of Bahrain Chamber of Commerce and Industry Khaled Al Moayyed alongside 1st Vice-Chairman Othman Al Rayyes held talks with the outgoing Australian Ambassador Neil Hawkins based in Saudi Arabia at the Chairman’s office in Bait Al Ti > read more

ABIB further expands its ATM network

01/30/2015 14:22:19 PM

MANAMA: Al Baraka Islamic Bank B.S.C (c) announced the installment of a new ATM in the American Mission Hospital in the Central Manama. This step reflects the implementation of the Bank’s ambitious plan to cover all centers and major areas [ > read more

Iraqi Shia militia spotted with Iranian Abrams tank

01/30/2015 14:11:32 PM

In an apparent reflection of the growing power of Iraq’s pro-Iranian militias, an M1A1 Abrams tank has been spotted in videos showing a large convoy of vehicles operated by Kataib Hizbullah, according to Jeremy Binnie, Middle East Editor of IHS > read more

President Obama to present $585b DoD budget

01/30/2015 14:08:31 PM

Indications are that President Obama will submit his FY16 President’s Budget Request (PBR) to Congress on 2 February 2015 for the annual legislative review. IHS Jane’s Defence Budgets expects that the FY16 base budget will be submitted above the > read more

Bahrain’s eGA emerges as the best entity

01/30/2015 14:03:19 PM

Manama: The 2nd UN study tour to Bahrain concluded representing 21 states, organized and funded by the United Nations Department of Economic and Social Affairs (UNDESA) with an aim at maximizing benefits from Bahrain’s experience in eGovernment, an > read more

Al-Dakhil takes over as new GM of Al Arabia Channel

01/30/2015 13:58:44 PM

Dubai: In a statement released today, MBC Group’s Chairman Sheikh Waleed Al-Ibrahim announced the appointment of Turki Al-Dakhil as the new General Manager of Al Arabiya News Channel. Al-Dakhil succeeds Dr. Adel Altoraifi who has just been announce > read more

UK-IDB to setup $20m Arab Women’s Enterprise Fund

01/30/2015 13:55:41 PM

Jeddah, KSA: A Memorandum of Understanding (MoU) was signed at the Head Office in London of the United Kingdom’s Department for International Development (DFID) with the Islamic Development Bank (IDB) to establish an Arab Women’s Enterprise Fund > read more

Minister applauds efforts of Consumer Society

01/30/2015 13:50:45 PM

MANAMA: The Minister of Industry and Commerce Zayed R. Alzayani held talks with the President of Bahrain Consumer Protection Society Abdulla Al Jeeb in presence of Vice president Tariq Al Aujan and Mohammed Al Hamran. Aljeeb reviewed the arrangements > read more

Minister receives outgoing Australian Ambassador

01/30/2015 13:48:25 PM

MANAMA: The Minister of Industry and Commerce Zayed R. Alzayani received outgoing Australian Ambassador to the Kingdom of Bahrain residence in Riyadh Neil Hawkins. The Minister praised the great efforts undertaken by the Ambassador during his mission > read more

Gulf Air’s 10-year fleet expansion plan soon

01/27/2015 23:36:43 PM

Muharraq: Gulf Air, the national carrier of the Kingdom of Bahrain, will get a 10-year fleet and destination expansion plan by the end of next month, according to the CEO. “The Consultant Committee which is currently assessing the airline’s 10-ye > read more

Gulf Air completes $20m upgrade of A-330 fleet

01/27/2015 22:30:34 PM

Muharraq: Gulf Air, the national carrier of the Kingdom of Bahrain, announced the completion of its $20million retrofit of its four-A330 fleet. The project which started in early 2014 finished in almost ten months not only bringing a new state-of-the > read more

Real estate values at Dubai Marina to climb 28%

01/27/2015 15:27:15 PM

Dubai: A new wave of transport, retail and leisure facilities at Dubai Marina is continuing to drive buyer demand at the popular beachside location, where prices have risen by 28%, to AED 1,670 psf in the past five years, according […] > read more

Batelco-Palo Alto Networks hosts workshop

01/27/2015 15:23:50 PM

Manama: Batelco, the Kingdom’s leading telecommunications solutions provider in partnership with Palo Alto Networks, held a successful Next-Generation Security Workshop on Thursday 15th January. The workshop tapped into critical security aspects li > read more

Non-US investor can enjoy minimum US tax

01/27/2015 15:19:07 PM

DUBAI: Many wealthy foreigners considering their options for investment, permanent residency or citizenship in the US are concerned about the US tax policy. Many have heard of the US income tax on worldwide income, but in reality, astute advisors can > read more

Investors eye US equities, real estate

01/27/2015 15:10:39 PM

Global investors have put some of their cash to work in spite of a more downbeat assessment of global growth and corporate profits, according to the BofA Merrill Lynch, Fund Manager Survey, for January. Investors have regained a muted risk […] > read more

Trowers & Hamlins advises Jordan on LNG project

01/27/2015 14:56:43 PM

Amman: Together with Navigant, Mapstone and Tractebel Engineering, international law firm Trowers & Hamlins is pleased to have advised the Ministry of Energy and Mineral Resources of Jordan on a liquefied natural gas (LNG) sale and purchase agreement > read more

Majid Al Futtaim revenues up 11% to Dh25b

01/27/2015 14:55:25 PM

Dubai: Majid Al Futtaim, reported strong results with revenues up 11% to Dhs 25 billion at end of its financial year. Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, today […] > read more

Police investigating on presence of foreigners

01/27/2015 14:25:30 PM

MANAMA: The General Director of Criminal Investigation and Forensic Science announced on Tuesday that as part of the responsibility to protect public security, an investigation has been launched regarding the presence of a number of foreigners in Der > read more

Morocco to replicate Bahrain’s Islamic banking model

01/27/2015 14:23:32 PM

Manama: Bahrain being one of the pioneering countries in Islamic finance in the world has always been keen to share experience with others, according to the top official at the Central bank of Bahrain (CBB). “It is our pleasure to […] > read more

Revenues of top 20 football clubs reach $8b

01/26/2015 07:56:19 AM

Revenue for the world’s 20 highest earning clubs reached $8.4 billion last season, up over $1 billion on the previous year, according to the 18th edition of the Football Money League from Deloitte, the business advisory firm. The influence of [R > read more

Bahrain’s e-Gov excellence applauds 21 nations

01/26/2015 07:53:48 AM

Manama: Kingdom of Bahrain represented by eGovernment Authority (eGA) hosted the 2nd study tour of the UN delegation representing 21 States in a visit for one week, organized and funded by the United Nations Department of Economic and Social Affairs > read more

GCC employers must think long-term to counter talent crunch

01/26/2015 07:50:28 AM

GCC companies have for years enjoyed a rich pool of expatriate talent to choose from, a trend that has contributed significantly to the region’s strong growth. However, with economic recovery in the West, many expatriates are staying at or returnin > read more

New laws may impact Bahrain’s tenancy market negatively

01/26/2015 07:48:55 AM

Manama: Early next month, the government of Bahrain is expected to introduce new obligatory tenancy registration procedures, which will aid in the maturing of the market, however the proposed rent increases at renewal threaten to obstruct the residen > read more

Batelco continues its fiber optic network expansion

01/26/2015 07:21:24 AM

Manama: Batelco, the Kingdom’s only provider of Broadband over a fiber network continues to expand its network to reach more and more customers all over Bahrain. As part of its Fiber Network programme, Batelco is now providing Superfast Broaband ov > read more

Batelco pumps millions in enhanced mobile networks

01/26/2015 07:20:27 AM

Manama: Batelco, Bahrain’s leading communications solutions provider annually invests millions of dinars to deliver new technologies and services. Currently Batelco is rolling out its fibre network across the Kingdom to deliver Super-Fast fixed Bro > read more

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