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Despite somber mood, Pakistanis mark Bahrain National Day

12/19/2014 21:54:12 PM

MANAMA: Despite somber mood over the tragedy in Peshawar, around 2500 Pakistani community members took part in the Bahrain national day celebrations held at the Andalus Garden under the patronage of the Capital Governor. Shaikh Hisham bin Abdulrahman > read more

Pyongyang’s attack on Sony proves its cyber warfare capability

12/19/2014 21:19:00 PM

The attack on Sony highlights North Korea’s ability to mobilise cyber warfare in support of its foreign policy goals, according to new analysis from Neil Ashdown, Deputy Head of Asia Analysis at IHS Country Risk. “Even if the attack did [R > read more

Fitch affirms Kuwait at AA; outlook stable

12/19/2014 20:22:30 PM

London: Fitch Ratings has affirmed Kuwait’s long-term foreign and local currency issuer default ratings (IDR) at AA. The outlooks are stable. The country ceiling has been affirmed at AA+ and the short-term foreign currency IDR at F1+. “Ku > read more

Fitch revises Bahrain’s outlook to negative

12/19/2014 20:20:22 PM

London: Fitch Ratings has revised the outlooks on Bahrain’s long-term foreign and local currency issuer default ratings (IDR) to negative from stable and affirmed the IDRs at BBB and BBB+, respectively. The issue ratings on Bahrain’s seni > read more

China’s non-nuclear emphasis yields disquiet

12/19/2014 20:17:34 PM

MANAMA: China’s lack of ambition to become a nuclear superpower, while ostensibly comforting, presents a special set of challenges for crisis-stability in North-East Asia, according to a new publication from the International Institute for Strategi > read more

Mumtalakat outlook revises to negative

12/19/2014 20:15:48 PM

DUBAI: Standard & Poor’s Ratings Services revised its outlook on Bahrain-based Mumtalakat Holding Co. (Mumtalakat) to negative from stable. At the same time, S&P affirmed its BBB/A-2 long- and short-term foreign and local currency issuer credit > read more

Defence spending to be flat globally

12/19/2014 20:12:20 PM

LONDON: Defence spending is forecast to flat-line globally over the next two years as fiscal constraints among oil producing states in the Middle East and North Africa remove a key source of growth. The new analysis, released by IHS Inc. […] > read more

Fitch maintains stable rating for all GCC banks

12/18/2014 16:38:43 PM

Fitch Ratings has maintained stable rating outlooks on all banks in the Gulf Cooperation Council (GCC), largely driven by the probability of sovereign support. Regional unrest has had a negative impact on rating Outlooks in other countries in the Mid > read more

Emir of Kuwait honors the CEO of eGA

12/18/2014 16:33:09 PM

Manama: His Royal Highness, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of the State of Kuwait, honored the eGovernment Authority (eGA) CEO Mohammed Ali Al Qaed at the 14th edition of Sheikh Salem Al-Ali Al-Sabah Informatics Award 2014 for the > read more

Oil prices, policies and politics to dominate MEA ratings

12/18/2014 16:29:48 PM

Falling oil prices, the policy response of oil exporters, reform momentum and politics, will be the main influence on ratings in the Middle East and Africa (MEA) in 2015, according to Fitch Ratings in its 2015 Outlook for the region. […] > read more

Dh35b worth of shares traded on DFM

12/18/2014 15:55:51 PM

DUBAI: Bahrain Bourse (BHB) signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFM) to introduce an electronic system that represents a significant advance in the method of share transfer between the two exchanges, by enabling in > read more

Huawei sells over 20m Honor units worth $3b

12/18/2014 15:12:48 PM

MANAMA: Huawei announced the launch of the newest additions to its flagship device line-up, showcasing the Honor 6 Plus Smartphone alongside the Spree 4X smartphone and its Honor TV Box. The past year saw phenomenal growth within the Honor category, > read more

Easy Taxi reduces Taxi roaming time by 20%

12/18/2014 15:06:56 PM

Jeddah: The Ministry of Transport in Saudi Arabia has issued a new law that forces taxi firms to install communication and tracking systems in their vehicles in order to reduce and eventually stop the roaming of cabs in the streets. […] > read more

OPEC’s inaction may bring oil prices to $50+/bbl

12/18/2014 15:04:10 PM

With OPEC giving up on its mission of “ensuring the stabilization of oil markets” last week and allowing the market to “balance itself”, the cartel has entered a new era, according to BofA Merrill Lynch Global Research. “The first c > read more

S&P affirms BB+ rating on Batelco; outlook stable

12/18/2014 14:57:00 PM

DUBAI: Standard & Poor’s Ratings Services has affirmed its BB+ long-term corporate credit rating on Bahrain-based telecommunications incumbent Bahrain Telecommunications Co. (Batelco). The outlook remains stable. At the same time, S&P affirmed > read more

Bahrain enjoys competitive mobile, broadband market

12/18/2014 12:10:20 PM

Seef District: Significant competition has been developed in Bahrain in the last years, notably for broadband and mobile services, according to TRA’s SMR. “Consumers in Bahrain have today, in general, a wide range of choices for telecommunication > read more

Majid Al Futtaim Ventures invests in Beam Wallet

12/18/2014 12:09:11 PM

DUBAI: Beam Wallet, a revolutionary mobile commerce and rewards platform developed and launched in the UAE in 2012, has announced a landmark investment from Majid Al Futtaim Ventures. The partnership marks a first-time entry into the fast growing tec > read more

Tax landscape is changing drastically: Expert

12/17/2014 19:12:32 PM

DOHA: The tax landscape is changing drastically across the globe and businesses should get acquainted themselves with the changing tax systems, according to an expert. “The tax landscape is changing drastically across the globe and companies who ar > read more

Bahrain backs Pakistan to fight terrorism

12/17/2014 17:09:55 PM

MANAMA: The Kingdom of Bahrain called for stern action to confront the danger of terrorism in all its forms and manifestations, regardless of its motives or goals, and dry up its financing sources, emphasising that such acts are alien to […] > read more

LMRA becomes an integrated online services centre

12/15/2014 15:05:02 PM

MANAMA: The LMRA in 2014 transformed itself into an integrated online services centre from a conventional services centre which provides centralized services within the concept of the Single Transaction, according to a top official at the LMRA. The L > read more

Bahrain urges to step up efforts to cut terrorist financing

12/15/2014 14:59:15 PM

MANAMA: Bahrain Cabinet on Monday reviewed the efforts exerted to cut off and dry up sources of funding of terrorism, noting that such endeavours have revealed some terrorists exploited the financial aid and allowances provided by the government for > read more

Bahrain backs creation of a Palestinian State, Al Quds as capital

12/15/2014 14:49:39 PM

MANAMA: His Majesty King Hamad bin Isa Al Khalifa reiterated Bahrain’s support for creation on an independent Palestinian State with Al Quds as its Capital. “The Palestinian cause will remain our main cause And we affirm the importance of fin > read more

Housing Ministry starts distribution of 40,000 housing units

12/15/2014 14:40:36 PM

MANAMA: The Ministry of Housing has started distributing social housing units to eligible citizens, according to the Minister. “In line with the Royal directives on the allocation of housing units for eligible citizens in the completed projects, un > read more

Bahrain-UK Military pact reflective of long-term ties

12/15/2014 14:32:47 PM

MANAMA: The military agreement signed recently by Bahrain and the UK is part of decades-long outstanding relations between the two countries, according to Information Affairs Minister. Addressing the post-Cabinet press conference Information Affairs > read more

Bahrain serves as gateway to $1.5t GCC economy

12/14/2014 05:42:49 AM

MANAMA: The Kingdom of Bahrain serves as a gateway to the $1.5 trillion GCC economy for the Russian companies, according to the Minister. “Bahrain’s strategic location, friendly investment climate and allowing 100% foreign businesses remain a key > read more

Russia-GCC trade, industrial dialogue becomes annual event

12/14/2014 05:20:23 AM

MANAMA: The first two day forum and exhibition on Trade and industrial dialogue Russia – Gulf Cooperation Council which opened on Sunday in Bahrain becomes annual event, according to the organisers. “The Russia-GCC Forum will be an annual meeting > read more

1st Arab-Asia Business Forum concludes on a high note

12/13/2014 10:37:29 AM

MANAMA: The first Arab Asia Business Partnership which was inaugurated by Under-Secretary for trade affairs at Ministry of Commerce and Industry Nader Khalil Almoayyed concluded with a great success. The three-day meeting was held at the Bahrain Inte > read more

Bahrain plans to develop media sector

12/13/2014 10:31:25 AM

MANAMA: His Majesty’s Personal Representative, President of the High Information and Telecommunications Authority, His Highness Shaikh Abdulla bin Hamad Al-Khalifa stressed the necessity of developing the media sector, underlining its crucial r > read more

Russia-GCC Industrial Dialogue opens on Sunday

12/13/2014 10:27:28 AM

MANAMA: The two day forum and exhibition on “Trade and industrial dialogue Russia – Gulf Cooperation Council” opens on Sunday in Bahrain. The purpose of the Forum is the expansion and diversification of trade and economic cooperation of Rus > read more

Syrian forces remain soft on Islamic State

12/13/2014 10:20:52 AM

The new findings reveal that Syrian forces fail to target Islamic State or vice versa. “If we look through the IHS JTIC database for this year, we see that just six percent of 982 Syrian counterterrorism operations targeted the Islamic [… > read more

Low oil prices become worst nightmare for oil producers

12/13/2014 10:13:12 AM

London: Weaker oil prices should drive worse-than-expected full-year results for major oil and gas producers, according to Fitch Ratings. “How these companies choose to rethink capex, opex and shareholder remuneration plans in response to falling p > read more

Infrastructure development remains crucial for economy

12/13/2014 10:05:22 AM

Al Sakhir Palace: His Majesty King Hamad bin Isa Al Khalifa has applauded the outstanding and deep-rooted relations bonding the Kingdom and the United Arab Emirates (UAE) and Kuwaiti and the steadily-growing cooperation with them. HM the King affirme > read more

Qatar Petroleum International sponsors 8th IPTC

12/13/2014 09:58:27 AM

Kuala Lumpur, Malaysia: Qatar Petroleum International sponsored the 8th International Petroleum Technology Conference (IPTC) held in Kuala Lumpur, Malaysia. Themed ‘Inspiring Technology, Transforming Our Future’, the conference returned to Malays > read more

Bahrain-Russia keen on bolstering ties

12/13/2014 09:56:37 AM

MANAMA: Industry and Commerce Minister Zayed bin Rashed Al Zayani held talks with Russian Ambassador to the Kingdom Victor Smirnov and discussed the ways and means of enhancing trade, commercial and investment ties. The Minister expressed leadership > read more

AWC hails Hala Jamal’s appointment at Riffa Association

12/13/2014 09:54:02 AM

Riffa: The Arab Women’s Council (AWC) has honoured Dr. Hala Jamal, head of Riffa Women’s Cultural Association (RWCA), Bahrain, among a group of Arab females activists from the Arab Gulf, Lebanon and Jordan for their outstanding leadership, ma > read more to launch its operations on 16th

12/13/2014 09:50:43 AM

Manama: an online e- coupon store is all ready to start its operations in the Middle East from Bahrain. “This venture is going to revolutionize shopping in Bahrain as its going to increase customers into the retail outlets. Gone [̷ > read more

Adnan Yousif applauds educational achievements of employees

12/08/2014 01:24:35 AM

Manama: Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group received Saber Mohammed Alebrahim, who gave him a copy of his master degree’s research in business administration from the University of Bahrain, which dealt w > read more

Jamal al Hazeem CEO BMI Bank steps down

12/07/2014 13:10:21 PM

Manama: BMI Bank, a subsidiary of Al Salam Bank – Bahrain (ASBB), announced that Jamal Al-Hazeem, Director and Chief Executive Officer of the Bank had stepped down. Jamal, a veteran Bahraini Banker who took on the helm of BMI Bank […] > read more

Bahrain’s 17-member new cabinet takes oath

12/07/2014 12:55:45 PM

MANAMA: HRH the Prime Minister, Prime Minister Prince Khalifa bin Salman Al Khalifa and the Deputy Premiers and the Ministers took the official oath before HM King Hamad. Earlier His Majesty King Hamad bin Isa Al Khalifa received at Al-Sakhir [… > read more

HM King urges cabinet to intensify field work

12/07/2014 12:44:37 PM

MANAMA: His Majesty King Hamad bin Isa Al Khalifa, said the Kingdom was on the eve of a new and fourth legislative term requiring the government and the legislative branch to work together to achieve a decent life, security and […] > read more

Canadian FM seeks robust response against Russia

12/07/2014 06:47:56 AM

MANAMA: John Baird, Minister of Foreign Affairs Canada condemned the Russian aggression in Ukraine and demanded a collective response to such acts. The Canadian Foreign Minister was speaking during a session titled Collective Approaches to Current Se > read more

British Defence Secretary vows to fight extremism

12/07/2014 06:19:01 AM

MANAMA: Michael Fallon, Secretary of State for Defence, UK, told the audience during the IISS 10th Manama Dialogue that Britain would work with its allies to fight extremism which poses a great threat to the global peace and security. “Our [… > read more

Despite capability Iran don’t want nuclear bomb

12/07/2014 05:52:15 AM

MANAMA: Islamic Republic of Iran has had the capability to develop a nuclear weapon but never intends to seek weapons of mass destructions, according to an Iranian expert. “There no doubt about the nuclear enrichment capabilities of the Iranian lab > read more

Bahrain to host British Royal Naval facility at Mina Salman

12/06/2014 06:48:54 AM

MANAMA: Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa and the British Foreign Secretary Philip Hammond sealed the military deal, aiming to develop a British Royal Navy facility at the base of the Bahrain Defence Force (BDF) in Mina Salman. [ > read more

Religiously inspired extremism poses a real threat

12/06/2014 06:40:40 AM

MANAMA: His Royal Highness, Prince Salman bin Hamad Al-Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister of Bahrain said that religiously inspired extremism poses a real threat to the entire region., The Crown Prince cal > read more

State sponsored terrorism poses a real threat: FM

12/06/2014 06:29:53 AM

MANAMA: Foreign Minister, Shaikh Khalid bin Ahmed bin Mohamed Al Khalifa, told the delegates of the Manama Dialogue 2014 warned the global community to step up efforts to fight what he described a well funded equipped with sophisticated weapons terro > read more

ISIS, military co-operation tops Manama Dialogue

12/05/2014 12:33:18 PM

MANAMA: The experts and political elite who are in Bahrain, over the two days, will tackle the key security issues and threats posed by the emergence of the ISIS during the sessions at the 10th Manama Dialogue which kicked off […] > read more

Ambassador John to head IISS Middle East operations

12/05/2014 12:22:15 PM

Manama: The International Institute for Strategic Studies (IISS) announced the appointment of Sir John Jenkins as Executive Director of the IISS Middle East, based in Manama, Bahrain, as of 27 January 2015. Sir John serves at present as the UK [̷ > read more

Falling oil prices may impact GCC sovereign ratings

12/05/2014 12:12:42 PM

Standard & Poor’s Ratings Services revised its outlook on the Kingdom of Saudi Arabia to stable from positive. At the same time, the AA-/A-1+ long- and short-term foreign and local currency sovereign credit ratings on the Kingdom were affirmed. > read more

The 10th IISS Manama Dialogue kicks off

12/05/2014 11:56:30 AM

Manama: With the key note address by His Royal Highness Crown Prince, Deputy Supreme Commander at the BDF and the First Deputy Premier, Prince Salman bin Hamad Al Khalifa, the 10th IISS Manama opened on Friday at the Ritz Carlton […] > read more

Bahrain Bourse-Zain Bahrain inks listing agreement

12/04/2014 15:51:36 PM

MANAMA: Bahrain Bourse and Zain Bahrain signed listing agreement on Thursday by Chairmen of Bahrain Bourse Yousuf Abdulla Humood and Zain Bahrain Shaikh Ahmed bin Ali Al Khalifa. The signing was held in the presence of a number of BHB’s […] > read more

eGA enjoys 44% women employees

12/04/2014 15:33:37 PM

Manama: Coinciding with the Bahraini Women’s Day commemoration, eGovernment Authority (eGA) honoured its female employees, highlighting the important role of women in society and their significant influence in the development and cultural advanceme > read more

UAE Interior Minister warns not to thwart security

12/04/2014 15:21:39 PM

Abu Dhabi: Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, said that the security and police forces arrested the suspected veiled (Niqabi) woman for the brutal murder of the American teacher, I [… > read more

Global Sukuk market to reach $907b

12/04/2014 14:51:38 PM

MANAMA: Total global outstanding sukuk stands at $241 billion, with around $110 billion sukuk issued in 2014. Global outstanding sukuk is expected to grow to $907 billion by 2020, according to a report. For the first nine months of 2014 […] > read more

Batelco appoints 1st female at top slot

12/04/2014 13:11:13 PM

Manama: Batelco Chairman Shaikh Hamad Bin Abdulla Al Khalifa announced the appointment of Mrs. Muna Al Hashemi as acting CEO Bahrain opereations. Mrs. Al Hashemi takes over the lead role for the company’s Bahrain operations from Group CEO Alan Whel > read more

Elian rolls out ground breaking client due diligence app

12/02/2014 10:20:44 AM

London: Elian has launched a ground breaking app that provides a paperless alternative to certified true copies for individual client due diligence (CDD) purposes. The app, called IDCheck, is one of two services being launched by Elian Due Diligence > read more

Fitch affirms five Bahraini banks’ ratings

12/02/2014 10:12:03 AM

London: Fitch Ratings has affirmed National Bank of Bahrain’s (NBB) and BBK B.S.C.’s (BBK) long-term issuer default ratings (IDRs) at BBB. Fitch has also affirmed Arab Banking Corporation’s (ABC) IDR at BBB-; Ahli United Bank B.S.C. > read more

Markaz sponsors Accounting & Auditing Conference

12/02/2014 10:06:43 AM

Kuwait: Kuwait Financial Centre “Markaz” announced its sponsorship for the Fourth International Conference for Accounting and Auditing under the slogan of “Reality – Challenges – Visions”. The conference will be held under the patronage o > read more

Plummet in oil prices takes its toll on equities

12/02/2014 09:57:01 AM

MANAMA: With the plummet in oil prices, Middle East equities have suffered, according to S&P Dow Jones Indices. The S&P Pan Arab Composite Large Mid Cap fell by over 6%, giving back over a third of its year-to-date gains. Energy […] > read more

National Bank of Kazakhstan gets AAOIFI membership

12/02/2014 09:50:51 AM

MANAMA: The National Bank of Kazakhstan, the central bank and financial services regulator of the Republic of Kazakhstan, got the membership of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). The signing ceremony mar > read more

Low oil prices pose a challenge GCC economies

12/02/2014 09:38:30 AM

MANAMA: Low oil prices, driven by weaker demand, increased supply and a more powerful US dollar, posing significant challenges to GCC markets, according to the findings of a new report by ICAEW. The latest Economic Insight report warns the impact [&# > read more

Bahrain clarifies article attributed to Foreign Minister

12/02/2014 09:18:32 AM

MANAMA: The Ministry of Foreign Affairs clarified the article published by the Financial Times titled “Gulf led states launch joint command to counter ISIS and Iran” published on November 30, which attributed to Shaikh Khalid bin Ahmed bi > read more

Thai Premier congratulates his Bahraini counterpart

12/02/2014 09:04:11 AM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has received a cable of congratulations from the Thai Prime Minister Prayuth Chan-ocha on Prince Khalifa’s reappointment as Prime Minister. Also the Chairman of the Bahr > read more

Islamic banking industry urges to review its business models

12/02/2014 08:43:40 AM

MANAMA: The transformation of global financial markets in recent years has resulted in a new paradigm which has challenged banking institutions to re-think their business strategies and models, the Governor of CBB Rasheed Mohammed Al Maraj, said on T > read more

Bahrain to introduce harsh penalties for child abuse

12/01/2014 08:43:47 AM

MANAMA: The Cabinet discussed the memorandum presented by HE the Deputy Prime Minister, and the President of the Ministerial Committee for Legal Affairs, on amending Article (320) of the Penal Code. “The amendment aims to tighten penalties on whoev > read more

Bahrain terror blast leaves two policemen injured

11/25/2014 23:51:29 PM

MANAMA: The General Director of Northern Governorate Police announced Tuesday that an explosion in the Deraz area injured two on-duty policemen. Both policemen received minor injuries and were transported to hospital for treatment. The initial invest > read more

Citizens urged to take part in elections

11/25/2014 23:49:47 PM

MANAMA: Unregistered citizens wishing to feature on the electoral lists have been urged to report to the supervisory centre in their respective governorate to stamp their passports. Legislation and Legal Opinion Commission President, High Elections C > read more

Overseas Bahrainis cast their ballot in 2nd round

11/25/2014 23:46:27 PM

MANAMA: Overseas Bahrainis cast their votes at the embassies and consulates in the second round of elections on Tuesday. Legislation and Legal Opinion Commission President, High Elections Committee Executive Director Abdulla bin Hassan Al-Bouainain e > read more

ADIB arranges $420m financing for Zakher Marine Intl

11/25/2014 15:55:35 PM

Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has signed an agreement with Zakher Marine International Inc. to arrange a $420 million (AED 1.55 billion) financing for its new ship-building program includ > read more

Iran seems more flexible over its nuclear issue

11/25/2014 15:50:07 PM

London: Motivation within Iran to reach a deal is high as banking and financial sanctions continue to hurt Iran’s economy, despite partial sanctions relief that has allowed Iran to repatriate revenues from oil sales. A deal for Iran would serve [&# > read more

Low oil prices pose risk to Bahrain’s sovereign rating

11/25/2014 15:02:41 PM

London: The vulnerability of the sovereign credit profiles of net oil exporters, as shown by their fiscal breakeven oil prices, suggests that these sovereigns fall into three categories, according to Fitch Ratings. “Lower oil prices will primarily > read more

Bapco conducts oil spill response exercise

11/25/2014 15:00:53 PM

Manama: The Bahrain Petroleum Company (Bapco) has conducted a Table Top and Boom Deployment Exercise for the Oil Spill Response Team in cooperation with Oil Spill Response Limited (OSRL), an international industry cooperative. The objective of the ex > read more

Islamic finance yet to tap major potential markets

11/25/2014 09:47:54 AM

MANANA: Islamic finance is set to play a much more prominent role in the wider economies of both the traditional OIC markets as well as new countries who are exploring the potential of Islamic finance in their markets, such as […] > read more

Bapco achieves yet another milestone in safety

11/25/2014 09:37:45 AM

Manama: The Bahrain Petroleum Company (Bapco) and contractor employees have recently achieved a record safety figure in completing five million hours without a Lost Time Injury (LTI). This is the third milestone achieved this year and is equivalent o > read more

StanChart eyes Guinness World’s record on UAE’s National Day

11/24/2014 13:32:12 PM

UAE: As part of the 43rd National Day celebration, Standard Chartered will attempt to break a new world record by making the world’s largest mosaic of the UAE flag from 6,000 footballs. The event will take place on Thursday, November […] > read more

Etihad to minimize the impact of flights disruptions

11/24/2014 13:27:30 PM

Abu Dhabi: Etihad Airways continued to restore its flight schedule this afternoon, following serious disruptions caused by the fog closure of Abu Dhabi Airport in the morning, and expects to resume normal operations within the next 24 hours. Despite > read more

Middle East enjoys the least demanding tax framework

11/24/2014 13:23:16 PM

Dubai: The Middle East continues to be the least demanding tax framework, with an average total tax rate of 24%, 16.8 average numbers of payments and an average time to comply of 160 hours, according to a study. “Only 15% […] > read more

Bahrain-Spain explores avenues of co-operation

11/24/2014 13:08:21 PM

MANAMA: Industry and Commerce Minister, Dr. Hassan Fakhro, reaffirmed government’s aspiration to bring projects that translate these trends and shows as a concrete reality as soon as possible, noting the significant role played by leadership in bot > read more

Dr. Fakhro says new projects will strengthen economy

11/24/2014 12:52:42 PM

MANAMA: Industry and Commerce Minister Dr. Hassan Fakhro praised the initiatives and steps undertaken by Bahraini businessmen and investors in developing economic projects with high added value to the national economy, pointing to the influential rol > read more

Bahrain parliamentary elections voters turnout tops 52.6%

11/24/2014 12:34:22 PM

MANAMA: As the counting of ballots in the parliamentary elections finished, the voters turnout even go higher from earlier announcement of 51.5% to 52.6%, according to a top official. “The final voter turnout rate topped 52.6% in the parliamentary > read more

AFS to process ABC Jordan credit cards

11/24/2014 09:11:03 AM

Manama: Arab Banking Corporation (ABC) Jordan, a subsidiary of Bahrain-based Arab Banking Corporation switched its credit card processing of credit cards to Arab Financial Services (AFS) platform. This will enable ABC Jordan to have access to AFS’s > read more

Menatelecom offers iPhone 6, iphone 6 plus packages

11/24/2014 09:08:44 AM

Manama: Menatelecom, the most powerful broadband provider in the Kingdom of Bahrain has announced the arrival of the new iPhone 6 and iPhone 6 plus and it is available at all branches. In addition to testing and subscribing to the […] > read more

Bahrain: 40% less cost for financial services business in GCC

11/24/2014 08:34:41 AM

MANANA: The Kingdom of Bahrain, the financial and banking hub in the Middle East, emerges the most competitive among its GCC peers in terms of operating financial services businesses. A new report released by KPMG concludes that Bahrain has one [R > read more

Al Baraka Bank Egypt’s net income up 41% to $24m

11/24/2014 07:46:40 AM

Manama: Al Baraka Bank Egypt, a subsidiary of Al Baraka Banking Group B.S.C. (ABG), announced that the bank’s net income for the first nine months of 2014 reached 168 million LE (approximately $24 million), increasing remarkably by 41% compared to > read more

Bahrain records 51.5% turnout in parliamentary elections

11/22/2014 15:04:05 PM

Manama: The Kingdom of Bahrain has rewritten a new political history at the end of the fourth parliamentary elections to elect 40-member lower house on Saturday with turnout reaching 51.5 per cent, according to the Justice Minister. “Bahrain has ac > read more

Etihad Airways becomes longest title sponsor for F1 Grand Prix

11/22/2014 13:21:04 PM

Abu Dhabi: Etihad Airways has extended its title sponsorship of the Formula 1 Abu Dhabi Grand Prix to become one of the longest title sponsors in F1 history. The airline has been the title sponsor of the Middle East’s biggest […] > read more

Ministry of Interior ensures uninterrupted elections in Bahrain

11/22/2014 13:08:10 PM

MANAMA: The Interior Ministry on Saturday played down the rhetoric of some quarters on heavy security presence in Bahrain saying that the Ministry had adhered and fulfilled its responsibility by protecting the security and general order surrounding t > read more

Al Wefaq downplays record turnout expectations in Bahrain polls

11/22/2014 13:00:54 PM

MANAMA: Al Wefaq, which is pulled out from the elections 2014, on Saturday rejected the election authority’s claims that there will be a record turnout during the polling for the election 2014 set to close in few minutes. Bahrainis are […] > read more

Bahrain media distorts Saar election turnout: NGO claims

11/22/2014 10:26:08 AM

MANAMA: As the polling for the parliamentary and municipal elections getting to close in less than an hour, the official spokesperson of Integrity Coalition for Election Observation (Integrity) refuted the claims of one of the newspapers that there w > read more

BNA server remains down for over 20 hours

11/22/2014 09:49:05 AM

Manama: With thousands of users desperately trying to log into the Bahrain News Agency (BNA) portal to get an up-to-date information about elections 2014, the BNA server has been continuously denying access at least for the past one day. Bahrain [ > read more

Batelco emerges as preferred point of presence globally

11/22/2014 07:29:00 AM

Manama: Batelco, the Kingdom’s leading integrated communications services provider, is employing its vast experience and knowledge to expand its varied services to businesses of all sectors around the globe. Batelco, a Middle East regional partner > read more

Report warns UAE’s rising taxes as burgeoning burden

11/22/2014 04:20:40 AM

Manama: A rebounding property market and rising education fees can erode benefits of zero income tax for professional expats in the United Arab Emirates, according to Economist Intelligence Unit new report. “New rules have put property purchase out > read more

No cameras, mobile phones inside the polling booths

11/21/2014 13:37:48 PM

Manama: With all arrangements have been in place to host fair, free and impartial elections in Bahrain, cameras and mobile phones will not be allowed in the polling booths. “As part of a pre cautionary measure to ensure the polls […] > read more

Historic welcome accorded to HRH Prince Khalifa

11/21/2014 13:36:39 PM

MANAMA: Thousands of people from all walks of life accorded a historic welcome to HRH Prince Khalifa, the Prime Minister who returned from abroad after a medical checkup. Festivities and joy prevailed in the Kingdom to mark the return of […] > read more

Hotel outlets closure may cause BD10m loss in revenue

11/16/2014 10:53:12 AM

MANAMA: The owners of the four-star properties in Bahrain on Sunday said that closure of all entertainment outlets in case of violation of rules may cause loss of five per cent in revenues. These views were expressed by the management […] > read more

IIFM launches collateralized Murabahah document

11/16/2014 09:43:29 AM

Manama: Bahrain based International Islamic Financial Market (IIFM); a global standard-setting body for Islamic finance announced the launch of the IIFM Master Collateralized Murabahah Agreement. The global standard document is accompanied by an Oper > read more

Bahrain joins global community in fight against Ebola

11/16/2014 09:29:55 AM

Manama: The Kingdom of Bahrain on Sunday pledged to support the global fight against Ebola virus which had already claimed 5000 lives in West Africa. The Cabinet meeting chaired by HH Shaikh Mohammed bin Mubarak Al Khalifa, Deputy Premier, in [… > read more

Bahrain’s employment figures up 3.6% in Q3

11/16/2014 09:26:33 AM

Manama: The Kingdom of Bahrain’s employment figures show that in the third quarter over 3.6% jobs were created compared to the previous quarter. The State Minister of Information Affairs Sameera Rajab told the post Cabinet meeting briefing that the > read more

Zero tolerance to incidents of sabotaging of elections

11/16/2014 09:20:08 AM

Manama: The Council of Ministers in its meeting on Sunday urged all citizens to participate in the upcoming parliamentary and municipal elections 2014 and assured that Government would not allow anyone to take away this inherent right of citizens. Th > read more

Bahrain says no to smuggling of subsidized petroleum products

11/16/2014 07:54:16 AM

Manama: The State Minister of Information Affairs Sameera Rajab told the post Cabinet meeting briefing that the Cabinet discussed the memorandum presented by His Excellency the Minister of Finance, the Minister in Charge of Oil and Gas Affairs, on th > read more

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