Blog Feed: Bahrain News

Oil prices and volatility in the oil market continue to haunt in absence of production increase

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Oil prices and volatility in the oil market are likely to remain strong in the absence of clear production increases. If supply conditions do improve, the tentative ‘beginning of the end’ of the near decade-long energy bull-market could be at han

European football market grows to €16.3 billion

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Despite significant economic headwinds, the European football market grew by 4%, €0.6 billion in revenue terms, to €16.3 billion in 2009/10, according to Deloitte. In its latest report, Deloitte said, all of Europe’s ‘big five’ leagues repo

Court adjourns murder case of Pakistani Abdulla Malik Abdulla

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The first Lower National Safety Court On Thursday heard a number of criminal cases, the Military Prosecutor in a statement posted by the BNA said. In the first case, fifteen suspects stood trial again over charges of murdering the Pakistani national

HM King Hamad congratulates Shaikh Nasser

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His Majesty King Hamad bin Isa Al Khalifa, the Supreme Commander of Bahrain Defence Force, received at Safriya Palace, in the presence of his personal representative Shaikh Abdullah bin Hamad Al Khalifa, Captain Shaikh Nasser bin Hamad Al Khalifa and

Interior Ministry’s Mohammed Saleh hoists Bahraini-Saudi flags at the world’s tallest mountain

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Interior Ministry’s General Directorate of Guards’ Affiliate Corporal Mohammed Saleh waved the flags of Bahrain and Saudi Arabia at top of the Himalayas as a token of love and loyalty to the Kingdom and its wise leadership and an expression of gr

Dr Mirza reviews the status of Energy Centre to be set-up in Manama

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Energy Minister Dr. Abdul Hussain bin Ali Mirza hailed cooperation between the energy sector in Bahrain and the United Nations Development Programme (UNDP) with regard to setting up a centre for energy planning and conservation in the Kingdom. The Mi

Tourism sector in Bahrain is on the rebound

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The tourism sector in Bahrain is getting back to normal with a major surge in inbound tourism being witnessed by the Kingdom, thanks to the efforts of bringing the stability back to normal. Assistant Under-secretary for Exits, Research and Follow up

Interior Minister receives Al Koohji family

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Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa received members of Al Koohji family, led by dignitary Abdulhameed Al Koohiji and MP Isa Al Koohiji. The Interior Minister hailed the key role played by Al Koohiji family in b

US reaffirms its support to Bahrain’s stability

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The US Administration reaffirmed its support for Bahrain’s stability. US Vice President Joe Biden voiced his country’s supportive stance as he received at the White House His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince and Dep

Bahrain withdraws from the F1 Grand Prix 2011 race

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The Kingdom of Bahrain, the pioneer circuit for the F1 Grand Prix in the Middle East, on Friday said that it fully respects the FIA decision about the cancellation of the rescheduled October 30th race in Bahrain. “Whilst Bahrain would have been del

Bahrain flays criticism on Cessation Court’s decision

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Media reports and statements issued by certain international organizations addressed the decision passed by the Court of Cassation in the hearing of 7th January 2013 in the case known as the “Alliance for the Republic”. Those reports contained er

HM King Hamad welcomes residents of Riffa

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His Majesty King Hamad bin Isa Al-Khalifa received at Al-Rawdha Palace residents from Riffa region as part of Royal keenness to reach out to all areas of Bahrain. HM the King’s Personal representative Shaikh Abdulla bin Hamad Al-Khalifa and Shaikh

Lower National Safety Court adjourns six cases

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The first Lower National Safety Court heard six criminal cases, the Military Prosecutor said. In the first case, Abbas Hassan Ali Malallah stood trial over charges of attempted murder and taking part in illegal protests. The hearing was adjourned to

Tourism sector can stimulate the economic activity: BCCI Chief

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Chairman of the Bahrain Chamber of Commerce and Industry (BCCI) Dr. Essam Abdulla Fakhro called upon the need to intensify tourist functions in the coming period in order to take advantage of the summer season. Dr. Fakhro stressed that tourist media

HRH Prince Salman attends Shaikh Nasser’s graduation

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His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander attended the graduation of the Supreme Council for Youth and Sports, President of the Olympic Committee Shaikh Nasser bin Hamad Al Khalifa from the Joint

Dr Mirza holds talks with CEO of Caspian Energy

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Energy Minister Dr. Abdul Hussein bin Ali Mirza held talks with the Chief Executive Officer of the Caspian Energy Consulting Company, Rob Sobhani. Dr. Mirza welcomed Sobhani and discussed with him issues related to energy consulting, as well as the N

Religious dialogue is a key to bridge the social gaps

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The undersecretary for Islamic Affairs at the Ministry of Justice, Islamic and Endowment Affairs Dr Fareed bin Yacoub Al Muftah who headed Bahrain’s delegation participating at the International Religions Dialogue in Hungary affirmed that the confe

Eye on Earth Summit to catalyze global support for enhanced environmental decision making

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Abu Dhabi will host the first Eye on Earth Summit in December in partnership with the United Nations Environment Programme (UNEP). The Summit will focus on the issue of greater access to environmental and societal data. Over the past ten years, Abu D

Minister Energy chairs Tatweer petroleum board meeting

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Dr. Abdul-Hussain bin Ali Mirza, Minister of Energy and Chairman of National Oil and Gas Authority chaired the seventh meeting of the Board of Directors with representatives from Occidental, Mubadala and Nogaholding companies as members of the Board.

StandChart holds Thought Leadership Conference in Egypt

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Standard Chartered organised its First Thought Leadership Conference in Cairo, Egypt. Standard Chartered’s Thought Leadership Conference was attended by Senior Bankers representing the various financial institutions operating in Egypt. The Conferen

Government Commission will present its report on civilian deaths on Feb 14

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Deputy Prime Minister Jawad Salem Al Arrayed and head of the special panel that was formed to find out the reasons that led to events of 14th of February 2011, declared that the committee will continue its work to find out the reasons and circumstanc

A 16-year old boy dies in Bahrain

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A sixteen year old boy pronounced dead when brought for first aid at the emergency of a major hospital on Thursday morning, according to a report. “This morning around 0700, an individual male aged 16 was pronounced dead upon arrival [...]

GCC slams Iran for including Bahrain in 5+1 meeting agenda

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The GCC Secretary-General, Dr. Abdullatif bin Rashid Al-Zayani, rejected Iran’s proposal to include conditions in Syria and the Kingdom of Bahrain on the agenda of its meeting with the G5+1 due to be held by the end of this month [...]

Shaikh Khalid receives EU expert

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Supreme Council for Youth and Sport first deputy chairman and Bahrain Royal Equestrian and Endurance Federation Shaikh Khalid bin Hamad Al-Khalifa received European Commission experts Dr. Sfano Sutiji, Dr Penoint Svorsi and Dr. Fusail, who arrived in

UNCHR delegation to visit Bahrain to assess and review the situation

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Bahrain Government delegation and the United Nation High Commissioner for Human Rights (UNCHR) during a meeting in Geneva on June 3 discussed the recent deplorable unrest which gripped the Kingdom of Bahrain. This was stated by the Social Development

Tamkeen and GOYS join hands for Youth City 2030

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Under the patronage of Chairman of the Supreme Council for Youth and Sport Shaikh Nasser Bin Hamad bin Isa Al Khalifa, GOYS andTamkeen sealed an agreement paving the way for Youth City 2030 for the second consecutive year this month. This comes as pa

Shaikh Abdulla visits Kanoo family

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His Majesty’s personal representative Shaikh Abdulla bin Hamad Al-Khalifa visited Kanoo Majlis on Tuesday as part of ongoing efforts aimed at recognizing the help and support of Bahraini citizen during the recent challenging times. He conveyed Roya

Organisers review Bahrain Air Show arrangements

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The high organizing committee of Bahrain International Air Show (BIAS) 2012 convened under the chairmanship of Shaikh Abdullah bin Hamad Al Khalifa and in the presence of Farnborough International Ltd, the organizing company. Discussions focused on p

Dr Mirza reviews Bahrain-Thai ties

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Energy Minister Dr. Abul Hussain bin Ali Mirza received Thai Ambassador to Bahrain Vichai Varasirikul. During the meeting, Dr. Mirza praised the solidity of the joint relations, and expressed his keenness on the joint cooperation and coordination in

HM King’s media advisor receives Dr. Ali Fuladh

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His Majesty the King’s Advisor for Media Affairs Nabil bin Yaqoob Al Hamer received Dr. Ali Fuladh who presented him with his new publication on pottery, ceramics and gypsum industry in Bahrain. He praised the book which sheds light on some Bahrain

Court adjourns cases of Bahrain Teachers Association

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The first Lower National Safety Court today adjourned the case of Mahdi Isa Abu Dheeb and Jalila Mohammed Ridha Al Salman, from the Bahrain Teachers Society, to June 15, the Military Prosecutor in a statement said. The suspects pleaded not guilty for

Iqra Library opens its door with the help of BBK

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With the generous support of BBK Iqra 2, the second branch of Iqra Library located in Malkeya in the house of the former mayor of Malkeya Village was opened at an event held at the venue. The Board of Trustees of Shaikh Ebrahim Bin Mohammed Al Khalif

Bahrain keen on enhancing co-operation with Kazakhstan in Banking and Finance

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HRH Premier’s Advisor for Economic Affairs Abdulla Hassan Saif on Tuesday said that the Kingdom of Bahrain would explore the various avenues of co-operation with Kazakhstan in the Banking and Finance sector. Saif, who is representing the Kingdom at

Bahrain summons Iranian diplomat, lodges protest

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The Ministry of Foreign Affairs (MOFA), summoned this afternoon the Charge d’Affaires of the Islamic Republic of Iran in the Kingdom of Bahrain, Mehdi Islami and lodged official protest over mischievous statement of Iranian Deputy Foreign Minis

Bahrain’s FM briefs 5+1 FMs about Iran’s mischievous move

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The Minister of Foreign Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, sent a letter to the Foreign Ministers of the five permanent members of the Security Council and the Foreign Minister of the Federal Republic of Germany concerning [...

Unisono Bahrain appoints Head of Digital

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Unisono, Bahrain’s leading independent full-service agency announced the appointment of Ollie Hunt as Head of Digital, responsible for digital and social media strategies focusing on accountable and effective return on investment for our clients. H

Shaikh Abdulla lauds UNIDO role

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His Majesty the King’s Personal Representative President of the Authority of Marine, Environment and Wildlife Protection Shaikh Abdullah bin Hamad Al Khalifa praised the United Nations Industrial Development Organization (UNIDO), for their efforts

Bahrain gets bulk supply of 4500 tonnes Cement on Monday

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On the directives of the Minister of Industry and Commerce Dr Hassan Fakhro to ensure the supply of cement in the Kingdom, 6500 tonnes of cement pumped into the market. In a statement issued by the Ministry of Industry and Commerce said that the step

Interior Minister draws public attention on unlawful rallies

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Interior Minister Lieutenant-General Shaikh Rashid bin Abdulla A-Khalifa issued edict 57 for 2011 stipulating the duties and responsibilities of the committee in charge of organising meetings, marches and rallies. “The panel’s prerogatives are st

HM King Hamad reiterates support to national reforms

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His Majesty King Hamad bin Isa Al-Khalifa reaffirmed his strong resolve to pursue the ongoing national reforms agenda. “We will continue the march of reform and build on the achievements of the last ten years”, he said. He pointed out that the si

MP Othman Sharif gets representation at ILO

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al-Khalifa sent a cable of congratulations to MP Othman Sharif Al-Rayees marking his election in Geneva as representative of the East Asian countries of the International Labour Organisation

Police Chief reports unlawful rallies on Sunday

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Head of Public Security Brigadier Tariq bin Mubarak bin Dayna in a statement said that small groups broke the law on Sunday exploiting Imam Al Hadi mourning ceremony to conduct rallies in which violating political slogans were chanted in some areas o

Shaikh Abdulla bin Hamad continues to visit to Bahraini families

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The personnel representative of His Majesty the King, Shaikh Abdullah bin Hamad Al Khalifa continued his interaction with citizens in different areas in the Kingdom through his visits to families in various governorates. Shaikh Abdullah paid a visit

SCW Chairwoman will patronize RUW graduation

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Under the Patronage of the wife of His Majesty the King and Chairwoman of the Supreme Council for Women (SCW) Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa a graduation ceremony for the 3rd batch of the Royal University for Women (RUW)

Bahraini court awards life sentence in a murder case

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The High Criminal Court sentenced the killer of handball player Saeed Jawhar’s brother to lifetime in jail. The crime was committed last September 10, during Eid Al Fitr, when the 44-year-old victim was stabbed to death during a quarrel with the cu

Thugs attack seven public schools in Bahrain

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A string of attacks on seven public schools on Thursday interrupted the educational activities as thugs forced the staff and pupil to leave the buildings also acts of terror caused huge damage to the infrastructure. Masked outlaws on Thursday broke [

Government fully supports private sector: HRH Premier

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paid a visit to the City Centre Mall, in line with his keenness to reach out to the citizens and meet them, and be reassured that the facilities provided by the government for the trade and economic sectors reflect positively [...]

SULB keen on investing $3b to $5b in mining sector: Chairman SULB

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Bahrain-based world’s first integrated steel company United Steel Company (SULB) said that it was negotiating with four companies seeking to invest between $3 billion to $5 billion in the mining industry. Khalid Al-Qadeeri, Chairman and Managing Di

National Dialogue will be a great healing process for all: Dr Mirza

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The Minister of Energy Dr Abdulhussain bin Ali Mirza affirmed that the national dialogue initiative launched by the country’s monarch during his meeting with journalists and media personnel last week had regained trust within us and our country. Dr

Shaikha Mai visits Armitage museum at St. Petersburg

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As part of her visit to Russia and efforts towards reinforcing cultural relations the Minister of Culture Shaikha Mai bint Mohammed Al Khalifa conducted a visit to “The wonders of the Kingdom of Saudi Arabia archaeology over the centuries”

Cabinet pledges to make the National Dialogue a great success

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His Majesty King Hamad bin Isa Al Khalifa’s directives requesting the Executive and Legislative branches to call for an unconditional National Dialogue was welcomed by the cabinet, said the Cabinet Affairs Minister Kamal bin Ahmed Mohammed followin

National Unity gets deep-rooted after the recent crisis: HRH Premier

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa stressed that national unity has grown stronger after the recent events. “Targeting national unity will further cement it for there is no way but co-existence. Therefore, al

KFH-B supports Think Pink Bahrain

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Kuwait Finance House–Bahrain’s (KFH-B) Ahl Alata’a network announced its support of Think Pink Bahrain’s initiative to install a state-of-the-art MRI scanning facility to assist the Salmaniya Medical Complex in their fight against breast canc

Al Baraka Bank Tunis appoints new GM

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Al Baraka Bank Tunis, a subsidiary banking unit of Bahrain-based Al Baraka Banking Group BSC (ABG), has announced the appointment of Fraj Zaag as General Manager of the Bank Zaaq, a Tunisian nationality, has a Bachelor in Accounting and he is Charter

Elie & Jean signs up with Majaal as new tenant

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First Bahrain, an innovative real estate developer, has signed a new tenancy agreement for its flagship project Majaal Warehouse Company. Elie & Jean Hair Products Accessories Co., the marketing arm of Elie & Jean International Hairdressing

Batelco Human Resources gets GCC acclamation

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Batelco, Bahrain’s leading telecommunications company has won the annual GCC Human Capital Award for Best Talent Management at the 3rd Annual GCC HR Excellence Awards 2011, which took place recently in Dubai. The 3rd Annual GCC HR Excellence Awards

Zain Bahrain brings “No Limits” offer

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Zain Bahrain has pushed the boundaries of telecoms promotions to another height by launching its “No Limits!” promotion. This offer provides a very exciting proposition whereby all Zain customers can make free calls and send free SMS’s to all Z

Illegal protesters unleash violence against police

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The Chief of Public Security Major-General Tariq Hassan Al Hassan announced that over the past 24 hours there have been several incidents of violent attacks on police officers, attacks on citizens, destruction of property and blocking of roads. In ad

China welcomes HM King Hamad’s call for national dialogue

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His Majesty King Hamad bin Isa Al Khalifa’s call for a comprehensive National Dialogue next July 1 has been welcomed by China. In a statement issued on Saturday, the Chinese Foreign Ministry’s Spokesperson Hong Lei also lauded the kingdom’s dec

Bahrain emerges even stronger after unrest: Foreign Minister

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Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al-Khalifa on Saturday said the Kingdom of Bahrain emerged even stronger after a lull of protests in the recent past. Shaikh Khalid expressed these views during a meeting with the US Congressman D

UN got wrong feeds on Bahraini situation: Un Official

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A UN top official recognized misinformation being fed about the Kingdom of Bahrain. “Certain information which we received about the developments in Bahrain were untrue”, UN High Commissioner for Human Rights Navanethem (Navi) Pillay, said. She m

bni unveils e-cargo marine insurance service

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Bahrain National Insurance (bni), a wholly owned subsidiary of Bahrain National Holding Company, has launched its e-cargo service via its web-portal www.bnidirect.com. The service comes as part of bni’s commitment to its clients in providing innova

Oman’s $10b tourism development co Omran eyes Sharjah

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With a portfolio of over $10 billion Omran, the Oman Government’s leading tourism-related investment, development and management company held talks with Sharjah Investment and Development Authority (Shurooq) and exploring avenues of co-operation. S

MEET ICT 2011 opens on June 20 in Bahrain

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The eGovernment Authority signed a strategic partnership agreement for the MEET ICT 2011 conference entitled “The Convergence of ICT Leaders” which will be held under the patronage of Kamal Bin Ahmed Mohammed, Minister of Cabinet Affairs on the 2

Manara to add BD3m phase II and III for Tubli Gardens

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With Tubli Gardens project is proceeding ahead of schedule and more than 35% of the first phase is already completed, Manara plans to launch the phases II and III, according to Dr. Hasan Al-Bastaki, Managing Director Manara Development. “We affirm

Bahrain’s Health Minister Dr Al Balooshi highlights the traumatic impact of the riots on children

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Social Development Minister and Acting Health Minister Dr. Fatima Al-Balooshi highlighted the impact of the recent unrest on children during a forum. Officials representing the Educational Ministry, the Public Prosecution, the Social Development Mini

Police officers are capable of handling the situation with extreme caution: DG Police

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The police officers are capable of handling the various situations with extreme caution when dealing with lawbreakers, according to Director General of the Capital Police Directorate Brigadier Naji Al Hashil. In a statement published by the Bahrain N

Bahrain highlights violence targeting schools

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Bahrain’s efforts to ensure educational services for students and promote their rights and the attempts to drag the schools into violence took a center stage at the UN Headquarters in Geneva. Education Ministry’s media spokesperson Lubna Slaibeek

US Air Force, Pak Air Force to participate in joint exercise

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US Air Force jet-fighters landed at Isa Airbase and will participate in the 2012 Basic Liaison Drill, which is being organized by Bahrain Defense Force (BDF) from April 8 to 18. Pakistan Air Force will also particiapte in these excercises [...]

Cabinet endorses 3000 housing Units initiative

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa chaired at Gudaibiya Palace the cabinet regular weekly meeting gave the go-ahead to the first phase of the housing project in the northern city where the construction of 500 [...]

Aker Solutions to deliver 600 sets of surface wellheads

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Aker Solutions has been awarded a contract by Enerserv W.L.L to deliver 600 sets of surface wellheads and trees to the Awali Oilfield in Bahrain. This is the first surface wellhead contract won by Aker Solutions in Bahrain, which marks [...]

SAMA deposits to reach$700b by 2013: Fitch

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Government deposits at the Saudi Arabian Monetary Agency (SAMA, the central bank), which rose by $52billion or 9% of GDP in 2011, are set to reach$700 billion by 2013, according to Fitch Ratings. Fitch Ratings has also affirmed Saudi Arabia’s [...]

Bahrain announces F1 Grand Prix Visa procedures

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All is set to host Gulf Air Formula 1 Grand Prix between20-22 April 2012 as passengers can only use this visa for entry into Bahrain from 7th April to 22nd April 2012, both days inclusive. The F1 visa is valid [...]

Bahrain will not tolerate any foul play

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The Public Prosecution warned that it would not tolerate any breach of the law or foul play targeting state establishments and the parties that support the economy of these enterprises. This came as Public Prosecutor Dr. Ali bin Fadhl Al-Buainain [...]

HRH Premier issues directives to open new economic zones

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa chaired an economic meeting to discuss ways of reinvigorating the Kingdom’s economic and financial situation amid current challenges. This comes as part of the government’s economic strategy and keen [...]

Thugs attack police patrols with fire bombs

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A group of vandals attacked two on-duty police patrols with Molotov cocktails, the Director General of the Central Governorate Police Directorate said. “Investigations are underway to identify the perpetrators and bring them to justice,” he added. The two police cars [...]

Bahrain remains committed to greater reforms

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Bahrain showed its commitment to reforms by implementing the Bahrain Independent Commission of Inquiry (BICI) recommendations. Information Affairs Authority President Shaikh Fawaz bin Mohammed Al Khalifa voiced the stance as he received a US Congress delegation, in the presence of [...]

Reforms process will continue: HK King Hamad

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His Majesty King Hamad bin Isa Al Khalifa received at Safriya Palace Chairman of the Board of Trustees of the Royal Charity Organisation (RCO) Shaikh Nasser bin Hamad Al Khalifa and several organization officials along with mothers and orphans. The [...]

One to One Hotel – the Village becomes latest business partner to join Etihad Guest Loyalty

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Etihad Guest, the award-winning loyalty programme from Etihad Airways, has announced a new partnership with Abu Dhabi’s unique boutique property One to One Hotel – the Village. The new partnership allows Etihad Guest members to earn Etihad Guest

JDC announces the sale of its stake in Jordan’s CEGCO

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Jordan Dubai Capital (JD Capital), an investment company based in Amman, whose largest shareholders are Dubai International Capital and the Social Security Corporation of Jordan, announced the sale of its controlling stake in the Central Electricity

Fitch assigns Abu Dhabi Commercial Bank ‘A+’; outlook stable

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Fitch Ratings has assigned Abu Dhabi Commercial Bank (ADCB) a long-term foreign currency Issuer Default Rating (IDR) of ‘A+’ with a stable outlook, short-term IDR of ‘F1′, individual rating of ‘C/D’, and support ra

Varicent becomes fastest growing companies in Canada

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Varicent Software Incorporated, the leading innovator and provider of incentive compensation and sales performance management (SPM) solutions, announced today that it has ranked 4th in the 23rd annual PROFIT 200 ranking of Canada’s Fastest-Growing

Lower Safety Court adjourns cases

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The Lower National Safety Court has adjourned the hearing of the case of Ayat Hassan Mohammed to June 6, announced the Military Prosecutor. During the hearing, Ayat Hassan, who was tried over taking part in illegal protests for criminal ends and inci

Minister of Culture signs agreement with Russia

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Within the framework of cultural cooperation between the Kingdom of Bahrain and Russia and with a request from the Russian Culture Ministry the Minister of Culture Shaikha Mai bint Mohammed Al Khalifa conducted a visit to Moscow during which she met

No political prisoners in Bahraini jails: Justice Minister

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The Minister of Justice Islamic Affairs and Endowments Shaikh Khalid bin Ali Al Khalifa denied the existence of any political prisoner or prisoner of opinion in jail stressing that those apprehended were those who had committed criminal actions and a

HM King visits BDF General Command

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His Majesty King Hamad bin Isa Al Khalifa, the BDF Supreme Commander, visited the BDF General Command, accompanied by his personal representative Shaikh Abdullah bin Hamad Al Khalifa. He was received by BDF Commander-in-Chief Field Marshal Shaikh Kha

Philippines government lifts travel ban to Bahrain

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The Philippines government has lifted a travel ban to Bahrain following assuring reports from its embassy that life has turned back to normal, the Philippine Ambassador to Bahrain Corazon Yap-Bahjin told Bahrain News Agency. The Kingdom’s efforts t

Police denies death due to tear gas inhaler

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Capital Governorate Police Director denied news by Al Jazeera that 69-year-old Zeinab Ali Ahmed died of inhaled tear bomb gas. Medical reports have proved that she was suffering from a chronic heart disease, he said adding that her children claimed t

France backs HM King’s call for National Dialogue

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His Majesty King Hamad bin Isa Al-Khalifa’s call to engage a national dialogue on July1 has today won international support. France voiced its support for the dialogue between all Bahraini sections to address the Kingdom’s problems. The French Fo

IAA Chief forms a committee to oversee the Media Centre

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Information Affairs Authority President Shaikh Fawaz bin Mohammed Al-Khalifa issued an edict establishing a committee in charge of the media centre. IAA international relations advisor Shaikh Abdulaziz bin Mubarak Al-Khalifa will chair the panel, whi

BDF C-in-C praises professionalism of forces

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The Commander-in-Chief of the Bahrain Defence Force (BDF) Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa paid an inspection visit to one of BDF’s units in Manama where he was received by senior BDF officers. During the visit, Shaikh Khalifa asse

Bahrain Arab model for SME development becomes a global benchmark

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Bahrain Arab model for entrepreneurship for the SME development has emerged as a global benchmark with over three dozen countries already replicated the model for start-up businesses. The Industry and Commerce Minister Dr. Hassan Fakhro who honoured

Increasing capital spending spurs Europe’s economic recovery, S&P report

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The surge in private sector capital spending that took hold last year in most of Europe’s economies should broaden in the coming 18 months as demand picks up and corporate profitability continues to improve, according to Standard & Poor

Etihad signs MoU with Falcon Aviation

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Etihad Airways, the national airline of the United Arab Emirates, has signed a Memorandum of Understanding (MoU) with Falcon Aviation Services to add the Abu Dhabi-based helicopter charter service to the growing portfolio of preferred partnerships in

Bahrain launches major initiative to monitor and control vessels traffic

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The General Organisation of Sea Ports (GOP) on Wednesday announced the launch of a major initiative to secure and maintain Bahrain’s sovereignty in its territorial waters. The GOP announced the deployment of a new initiative to control and supervis

Naseej’s shareholders back affordable housing projects in Bahrain

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Naseej, the major realty developer, on Wednesday said its shareholders endorsed the Company’s strategic priority to address the affordable housing needs of the Kingdom of Bahrain. This was announced after the second annual general meeting of Naseej

Emerging market’s telecom operators to tap into $200b ICT opportunity

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With information and communications technology (ICT) becomes a $3 trillion industry globally, emerging markets’ telecom operators are set to tap into $200 billion ICT opportunity, according to a report. Delta Partners, the leading telecoms advi

Zain Bahrain network enhancement takes place on Saturday

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Zain Bahrain will be carrying out a major upgrade on its network as part of its continuous efforts to provide the best mobile telecommunications service to its customers. This will take place on Saturday, June 4, 2011. This enhancement process is exp

GFH swings back to black with net profit of $11.9m in Q1

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Bahrain-based Gulf Finance House (GFH) said on Tuesday it swung back to the black in its fiscal first quarter reporting a net profit of $11.9million as compared to $7.5million loss for the same period last year. The bank in a statement announcing fin

Expert urges GCC to reestablish large investment portfolios to fund vital projects

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There is a need for the GCC to pool together huge investment portfolios to fund the ongoing and upcoming common vital projects, according to an economist. “Such investment portfolio becomes more relevant in light of the ongoing soaring competit

HM King renews the call for a National Dialogue in July

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HM King Hamad bin Isa Al Khalifa on Tuesday called upon all segments of the society to participate in the National Dialogue in July to deliberate on all national issues without preconditions. “Dialogue is a national strategic choice to reach the re

Gulf Air reduces carbon emissions by 20000 tons during 2010

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Bahrain’s National carrier Gulf Air, in its continuous efforts towards improving the environment in which it operates, today outlined its corporate social responsibility (CSR) plan and initiatives for 2011. Building on the airline’s existing CSR

VIVA Bahrain brings Manchester United at the doorstep of 33 young footballers

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VIVA Bahrain, the official partner of Manchester United, is looking for 33 of Bahrain’s best young footballers to travel to the Manchester United Soccer School in the UK to live, train and play the United Way. Ibrahim bin Abdulrahman Al-Omar, CEO o

Luck rings in for four May winners of Zain National Mobile Phone and e-Waste Recycling Campaign

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Four lucky winners for the month of May went home with new BlackBerry and Samsung handsets, thanks to their green action of disposing their old and unusable mobile phone safely under the ongoing Zain National Mobile Phone and e-Waste Recycling Campai

Jet Airways partners with AACO

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Jet Airways, India’s premier international airline, has joined AACO as the first Partner Airline of this regional airline association. The partnership which was simultaneously announced in Beirut and Mumbai will provide the Jet Airways and the Arab

HRH Premier pays rich tribute to Bahraini citizens

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa paid tribute to Bahraini citizens for their unity and patriotic stances. HRH Prime Minister received members of the Supreme Committee of the National Unity Gathering led by Dr. Sh

The Lower National Safety Court heard four cases

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In the first case, in which nine people were accused of severing the tongue of an Asian Mo’azzin, spoiling public money , breaking into a house and inciting violent attacks, the court handed over the lawyers the case documents and allowed them

Defending the Kingdom remains a top priority of the BDF: Commander-in-Chief

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BDF Commander-in-Chief Marshal Shaikh Khalifa bin Ahmed Al Khalifa, who chaired on Monday the National Safety Council’s 12th meeting, said that defending the Kingdom would remain an inherent duty of the BDF. He extended thanks and gratitude to

Bahrain implements the WHO Convention on Tobacco: Dr Al Balushi

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The Minister of Social Development and Acting Minister of Health Dr Fatima Al Balushi said that Bahrain would remain fully committed to implementing the WHO Framework Convention on Tobacco Control (WHO FCTC). Dr Al Balushi addressed in her speech mar

Bahrain announces schedule for the bye- elections

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The Minister of Justice and Islamic Affairs issued resolution No. 19 for the year of 2011 on appointing the dates for the bye elections of the House of Representatives constituencies concerned. According to article I Voters whom names are recorded on

Bahrain plans 12 new power stations

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The Kingdom has, so far this year, set up three power generation projects in Mgaba, Salmabad and North of A’ali, with a total cost of BD 15 million. It was announced Energy Minister Dr Abdul Hussein bin Ali Mirza, noting that the country is plannin

Cessation Court receives death penalty cases

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The General Secretary of the Supreme Council of Judiciary Affairs announced that the Court of Cassation’s Technical Office received the case number 75/2011 regarding the execution rule from the National Safety Court of Appeal where the case will un

BNP Paribas CEO Baudouin Prot meets top leadership during historic visit to Qatar

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Baudouin Prot, Chief Executive Officer of BNP Paribas, one of the strongest banks in the world, met with the top leadership during his visit to Qatar on Monday. The visit included private meetings with His Highness, Sheikh Hamad Bin Khalifa Al-Thani,

IDB eyes Jordan’s mega rail project

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The Islamic Development Bank (IDB), is currently studying Jordan’s mega rail project with a view to garnering international financial support to the project the total cost of which is estimated at $45 billion. Once it becomes reality, the project i

UN Goodwill ambassadors arrive in Bahrain

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UN ambassadors of Goodwill Assi El Helani and Nancy Ajram arrived in Bahrain to take part in the 13th Shaikh Khalid bin Hamad Endurance Horse-racing cup for those with special needs being held at Rashid Equestrian and Horse-racing club in [...]

Dr Mirza briefs German Parliament member

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Minister of State for Electricity and Water Affairs Dr. Abdulhussain bin Ali Mirza held talks with member of the German Bundestag’s Committee on Economics and Technology and Chairman of the Working Group on Energy of the Social Democratic Party

NAC serves as cornerstone in democratic strides

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Kingdom of Bahrain celebrates a dear occasion for the homeland and its citizens we are all proud of, which is the issuance of the National Charter Action that was unanimously approved by the people of Bahrain on 14 February 2001. [...]

Arcapita expects hearing in voluntary bankruptcy case

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A Bahrain-based international investment company, Arcapita Bank, announced that it and its debtor affiliates, including Arcapita Investment Holdings Limited, have filed a proposed Joint Plan of Reorganization and related Disclosure Statement in their

UoB to get King Hamad Oasis for S&T

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His Majesty King, Hamad bin Isa Al Khalifa, will announce, during his visit to the University of Bahrain (UoB) on Sunday, the launch of the “King Hamad Oasis for Science and Technology” and the “University Studies Support” pro

HM King to address the nation on Sunday

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His Majesty King Hamad bin Isa Al-Khalifa on Sunday delivers a keynote speech marking the National Day and the 13th Accession Day. HM the King will patronize a ceremony celebrating both national occasions and honour citizens in recognition of their [

HM King honours winners of the 120km WEMC

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The Supreme Commander, His Majesty King Hamad Bin Isa Al Khalifa followed the competitions of the (WMEC) which was held under his patronage, with an initiative from Kingdom of Bahrain for 120 KM through five stages, with the participation of [...]

Decorate your house competition kicks off

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Celebratory decorations have been appearing on buildings across Manama as the capital marks Bahrain’s National Day. The ‘Decorate your house or building’ competition is being organised by the Capital Governorate and also aims to cel

Expatriates invest over BD60m in Bahrain

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The National Action Charter Society and the Federation of Expatriate Associations (BFEA) addressed a joint press conference at the Crowne Plaza Hotel and highlighted the current situation in Bahrain. They urged a safe environment for citizens and res

Bahrain attends Fukushima conference

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Bahrain’ Ambassador to Japan, Dr Khalil Hassan, led the Kingdom’s delegation taking part in the ministerial international conference on nuclear safety being held from December 15 to 17 in Fukushima, Japan. The Japanese government is parti

Police Day celebrations highlight sacrifices of policemen

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The Director of Police Media, Lt-Col Mohammed bin Daina, affirmed that the Bahrain Police Day is an occasion to acknowledge the achievements of policemen and their sacrifices for the safety and stability of Bahrain. This was highlighted during his pa

Alba to reinstate all sacked employees

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Aluminium Bahrain BSC (Alba) announced that the company has notified the United Nations Development Programme (UNDP) that it has appointed the Hay Group, global management consulting firm specialised in the aluminium sector, to conduct a comprehensiv

Alba celebrates Bahrain’s 41st National Day

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Aluminium Bahrain (Alba) provided a tangible demonstration of its pride in being a Bahraini company as company officials along with employees joined together in celebrations held to mark Bahrain’s 41st National Day. Alba’s Chief Executive, Tim Mu

Team Bahrain makes strong comeback in Dubai

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Team Bahrain duo of Mohammed Mattar and Raed Raffii made solid comebacks in Round 6 of the Porsche GT3 Cup Challenge Middle East at the Dubai Autodrome to finish in the top ten. With Raffii starting 11th on the grid [...]

UN Chief terms Dr Congo-Great Lake agreement as a milestone

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The UN Secretary General Ban Ki-moon said that the signing of Dr Congo-Great Lake agreement was an important, historic and a milestone. “But the more important thing would be how to implement those commitments. This agreement has an oversight mecha

Two legs to go for EFG Bank Sailing Arabia-The Tour

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A superb performance through the Strait of Hormuz, framed by the majestic cliffs of Musandam, has put AISM, the pro crew from Dubai in an almost unassailable position at the head of the leader board for EFG Bank Sailing Arabia [...]

VIVA hosts annual sales and customer care day

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VIVA, the Kingdom’s most innovative telecom provider, hosted for the second consecutive year, its Annual Sales & Customer Care Day. The two-day forum held at the Ritz-Carlton saw the attendance of over 600 staff from VIVA’s call centre partner, S

Family businesses serve as vital pillar to economy

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A strong partnership with local family companies create convenient atmosphere for economic growth in the Kingdom of Bahrain, according to a BBK statement. BBK said that it had undertaken to do business and still doing business with several Bahraini a

Batelco opens Lulu Hypermarket Mall Hidd outlet

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Batelco, Bahrain’s leading Telecommunications Company is delighted to announce the opening of a new shop in Hidd, at Lulu Hypermarket Mall. The shop has been designed to meet the highest standard of telecom retailing and provides a wide range of [.

KHCB announces winners of Al Waffer monthly draw

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Khaleeji Commercial Bank (KHCB), one of Bahrain’s fast growing Islamic retail banks recently announced the winners of their Al Waffer draw for the month of January 2013. The draw, held earlier in February at KHCB’s headquarters in Bahrain Financi

National Dialogue runs into snags over Govt role

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The participants of the 4th session of the National Consensus Dialogue, which held this evening at Al-Areen Resort Sakhir on Sunday, questioned the status of the Government as a full-fledged participant in its own right. During the session number of

Police arrests a Bahraini in narcotics case

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The General Director of Northern Governorate Police announced on Sunday arrested a Bahraini, 28, for possessing, selling and planting narcotics at his home on Deraz, He said that investigation led to the suspect, which his home was searched after obt

Cabinet Okays auction of LTE capacity in Bahrain

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The weekly Cabinet meeting which was chaired by Deputy Prime Minister, Shaikh Mohammed bin Mubarak Al Khalifa at Gudaibiya Palace approved the auction of the 4th generation of telecom services to the current telecom operators in Bahrain. The Cabinet

ABIB scoops best Islamic bank in Bahrain award

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Al Baraka Islamic Bank has been named as the Best Islamic Bank in the Kingdom of Bahrain for 2012, through the annual comprehensive referendum conducted by the Foundation of Islamic Finance News. The announcement of this Award was made during [...]

Personal remarks carry no bearing on dialogue outcome

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External statements are not part of the Dialogue and that participants may issue statements, on behalf of their own organisations, outside the Dialogue, according to the unanimous view of the participants of the third session of Dialogue. The third s

Economic uncertainty likely to prevail in 2013

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The year 2012, if nothing else, was a year of pronounced economic uncertainty for many countries around the world and for most of them, this trend will linger into 2013, according to the newly released first-quarter edition of Deloitte’s Global [..

Gulf Air-Egypt Air codeshare partnership enters 8th year

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The codeshare partnership between Gulf Air, the Kingdom of Bahrain’s national carrier, and EGYPTAIR, the flag carrier of Egypt, marked eight successful years since it was formed on 16th February 2005. The codeshare partnership between the two natio

Global loyalty market set to reach $100b

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Global market set to reach $100 billion by 2015, according to an estimate. Experts addressing the En-Gage Loyalty World Middle East 2012, which opened on Wednesday at The Address, Dubai Marina Mall and brought together over 150 leaders in the [...]

Newton Legal Group and Tamkeen ink agreement

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As part of its efforts to develop Bahraini skills and fulfill the needs of the Bahraini private sector, Tamkeen signed an agreement with Newton Legal Group, an international legal firm working with several government establishments in Bahrain, to tra

Bahrain condemns killing of Saudi diplomat in Yemen

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Bahrain strongly condemned the terror attack which caused the death of Saudi Embassy military section officer Khalid Shobeikan Al-Anzi in Sanaa, Yemen. The Foreign Ministry slammed the heinous crime, affirming solidarity with Saudi Arabia in confront

Bahrain’s banking sector contributes 26% to GDP

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With Bahrain maintaining its status as an important financial hub in the Middle East in spite of the challenges it had confronted, the contribution to the GDP reached 26%, according to a senior banker. Bahrain Association of Banks (BAB) Chairman [...

Bahrain remains committed to its Human Rights obligations

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On the sidelines of the Regional Governance Week conference, currently held here under the theme of “Social Accountability in a Changing Region:Actors and Mechanisms,” Human Rights Affairs Minister Dr. Salah bin Ali Abdulrahman met with t

NCC extends its services reach to the hearing-impaired

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Under the patronage of Transportation Minister Kamal bin Ahmed Mohammad, the eGovernment Authority (eGA) has inaugurated the visual contact service that is designed for the hearing-impaired through its National Contact Center (8000 8001). The channel

EU crisis may leave a deep scar on GCC economies

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The European crisis will impact the GCC in a very meaningful way as it is likely to dampen global growth for quite some time, will change the balance in job opportunities and available talent and may lead to social unrest [...]

Bahrain Air appoints BMI Bank as financial advisor

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BMI Bank said that it had been signed on in the capacity of exclusive financial advisor and arranger by Bahrain Air, the first privately owned national carrier of Bahrain for the airlines proposed capital increase. The agreement was signed by [...]

Christopher Hogan to exhibit at BIGS 2013

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An art exhibition and free workshops by world renowned marine abstract artist Christopher Hogan will be among the major highlights of this year’s Bahrain International Garden Show (BIGS) The Australian artist will showcase 20 abstract pieces themed

BlackBerry Z10 is not a gadget but a ‘tool’

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The new BlackBerry Z10 is a complete tool of connectivity with one of the most innovative features as BlackBerry won’t believe in rolling out another gadget, an official at BlackBerry said. “BlackBerry had set a new trend 10 years ago [...]

TRA issues a consultation document

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The Telecommunications Regulatory Authority (TRA) of the Kingdom of Bahrain issued a Consultation Document entitled, ‘Award of Individual Licenses and associated Frequency Licenses for the delivery of mobile telecommunications services in the 900,

Three employees at AIB secure CII certification

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Three employees of Al Baraka Islamic Bank-Bahrain (AIB) have obtained professional insurance certificates from the Chartered Insurance Institute (London). The employees include Miss Sara Alammadi, Ahmed Alnamrooti, Mishal Al-Zayani, following passing

Two women burnt to death in Bahrain

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Two ladies were burnt to death early on Saturday as a result of a fire broke out in a house in Isa Town, in the Central Governorate, the Acting Director General of the Civil Defence Directorate in a statement, said. [...]

National Dialogue kicks off by end of Jan

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State Minister for Information Affairs Samira Rajab, the government’s official Spokesperson, anticipated the National Consensus Dialogue to be held soon, either by end of this month or early in February. “Everything banks on the extent of

BCCI urges to seize national dialogue opportunity

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Bahrain Chamber of Commerce and Industry (BCCI) have called on all national political parties to respond positively to the royal directives to resume the National Consensus Dialogue. BCCI Board Chairman Dr. Essam Fakhro called on those parties to pro

Wood wins Commercial Bank Qatar Masters

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Inspired by Tiger Woods, towering Englishman Chris Wood sank a pressure-packed eagle putt on the last hole to win the $2.5 million Commercial Bank Qatar Masters and record his maiden European Tour victory. Wood, overnight leader by three, closed with

Bahrain continues to support industrial sector

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The Kingdom of Bahrain will continue to support all economic activities particularly industrial and commercial projects which add value to the national economy, the Minister of Industry and Commerce Dr Hassan Fakhro in a statement said. Dr Fakhro, wh

Bank of America forms Global Advisory Council

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Bank of America announced the formation of the Bank of America Global Advisory Council with the appointment of 13 internationally recognized business, academic and public policy leaders. The Global Advisory Council will share expertise and insights o

Iraqis flock to Asiacell share offering

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Asiacell Communications, a leading provider of quality mobile telecommunications services in Iraq with 9.9 million subscribers, confirmed that demand for its shares in Iraq’s first share offer of its kind is high amongst ordinary Iraqis and profess

BCCI votes on new Draft Executive Regulations on Sunday

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Bahrain Chamber of Commerce and Industry (BCCI) holds an Ordinary General Assembly Meeting, in accordance with Article 15 of the Decree Law No: (48) for the year 2012, at 10:00 am on Sunday 27th January 2013 in the Kingdom Hall [...]

Batelco remains upbeat on 2013 despite challenges

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Batelco, which reported $160million net profits and subscribers to 7.8million in 2012, is upbeat about 2013 despite stiff competition in Bahrain and challenges in other markets, according to a top official. Batelco Group CEO Shaikh Mohamed Bin Isa Al

Bapco adheres to highest standards of transparency

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Bahrain’s national oil company, Bapco, reiterated that it follows the highest standards of transparency in business across the board. Referring to the local media reports appeared on January 16 2013, with regard to the discussions of the Representa

Bahrain’s residential market faces deficit

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Despite an overall positive outlook, Bahrain’s residential market to witness substantial undersupply in the affordable homes segment as developers continue to focus on the premium segment of the market, according to Alpen Capital. In terms of residential market, the report [...]

IIFM and ISDA launch Profit Rate Swap

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Bahrain-based the International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association, Inc. (ISDA) have announced the launch of the ISDA/IIFM Mubadalatul Arbaah (Profit Rate Swap) product standard to be used for Islamic hedging purposes. The Mubadalatul Arbaah [...]

Pirated software accounts for 54% of the market

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Microsoft has been working very closely with the authorities to curb the growing using of pirated software which according to estimates accounts for 54% of the market, Country Manager Microsoft Bahrain said. Tareq Hijazi, Country Manager for Microsoft, who was [...]

Mara’ee 2012 concludes on a high note

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Mara’ee Bahrain Animal Production Show 2012 has come to close with a resounding success over the past six days and attracted over 200,000 visitors. This year 161 exhibitors, including 100 international exhibitors from 32 countries, took part in the trade [...]

Bahrain destines to move forward: Justice Minister

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The Minister of justice and Islamic Affairs Shaikh Khalid bin Ali Al Khalifa assured that the priority now for the government, after implementing the recommendations of the Bahrain Independent Commission of Inquiry (BICI), is to continue implementing the visions of [...]

Booz & Co to prepare 2012-16 e-government strategy

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Deputy Premier and Head of the Supreme Committee for Information Technology and Communication Shaikh Mohammed Bin Mubarak Al Khalifa chaired at Gudaibiya Palace the committee’s 34th meeting. He stressed that the committee aims at providing government services via electronic media [...]

Foreign Ministry summons Lebanese envoy

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The Foreign Affairs Ministry summoned the Acting Lebanese Chargé d’Affaires in Bahrain Sami Haddad and handed over to him a protest memorandum regarding the statement delivered by the Speaker of the Lebanese Parliament Nabih Berri as he patronized a photo [...]

BDF Royal Navy concludes joint exercise

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The BDF Royal Navy has concluded the joint tactical military drill (Sword) with participation from US Marines’ Task Force which had begun on March 5, 2012. The exercise aims at brushing up combat skills for the task force contingents, upgrading [...]

IAA President hits back on misleading reports

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Information Affairs Authority (IAA) President Shaikh Fawaz bin Mohammed Al Khalifa hit back on misleading media campaigns by some politically-motivated satellite channels, whose affiliation is already known, which are still targeting Bahrain with false and fabricated news. He harshly criticized [...]

NOGA and AGU sign co-operation agreement

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National Oil and Gas Authority (NOGA) signed a memorandum of understanding (MoU) with the Arabian Gulf University (AGU). Minister of Energy Dr. Abdul Hussain Mirza and Head of the University Dr. Khalid Al Ohali inked the agreement. Dr. Mirza expressed [...]

S&P revises Bahrain’s outlook to stable from negative

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Standard & Poor’s Ratings Services revised its outlook on the Kingdom of Bahrain to stable from negative. At the same time, S&P affirmed its long- and short-term foreign and local currency sovereign credit ratings on Bahrain at BBB/A-2. S&P als

Autumn Fair attracts 21000 female visitors in a day

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Autumn fair 2013 have witnessed turnout of female visitors in a single day with number rising to 21000 during the women only day. The Fair will conclude on 31st January at the Bahrain International Exhibition Centre. “Over 21000 visitors visited [.

Commercial aircraft production to remain robust

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With commercial aircraft production remained high at 1000 aircrafts per year, the global defense industry’s revenue will likely continue to slide as a result of cuts in military spending, while the commercial aircraft industry will likely have reco

Dr. Fakhro holds talks with UNIDO Chief

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Industry and Commerce Minister Dr. Hassan Fakhro held talks with the head of the Investment Office at the United Nations Industrial Development Organization (UNIDO), Dr. Hashim Hussain. Dr. Fakhro commended the efforts played by UNIDO to support smal

Bahrain enjoys strong economic fundamentals: CBB Governor

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The Central Bank of Bahrain (CBB) Governor on Monday welcomed the revised outlook of the Kingdom by Standard & Poor’s from negative to stable and said that the S&P revised stable outlook reflects Bahrain’s strong economic fundamentals. Bahrai

Riffa Social Club gets new premises

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Her Highness Shaikha Lulua bint Khalifa bin Salman Al Khalifa inaugurated the new premises of the Riffa Social Club for Parents managed by the Women Development Society. Her Highness Shaikha Lulua bint Khalifa bin Salman Al Khalifa toured the Club

HM King Hamad lauds Scottish Community’s contribution

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His Majesty King Hamad bin Isa Al Khalifa received at Sakhir Palace the British Ambassador to Bahrain Iain Lindsay who introduced to him the Scottish community in the country. At the outset of the meeting His Majesty welcomed all the [...]

Public Prosecution interrogates 28 thugs

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The Deputy Attorney-General, Mohammed Salah, confirmed that the Public Prosecution began thorough investigation into the case of riots which broke out in Manama last Friday (25 January 2013), adding that the Public Prosecution has interrogated 28 sus

Microsoft launches Imagine Cup 2013 Competition in Oman

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Under the auspices of Information Technology Authority (ITA) and in collaboration with OmanTel, Microsoft announced the launch of its Imagine Cup 2013 Competition in Oman, inviting all students ages 16 to 23 to partake in the world’s premier studen

Bahrain gets Supreme Council for Health

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His Majesty King Hamad bin Isa Al Khalifa has issued the decree stipulated the establishing of the Supreme Council for Health. The Council will be responsible for formulating the policies regarding the total number of beds required for Bahrain and [.

Bahrain one step closer to host F1 Grand Prix 2012

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Both the governing International Automobile Federation (FIA) and commercial supremo Bernie Ecclestone made clear after Tuesday’s anniversary was met with tear gas and petrol bombs that the fourth race of the season remained on track, according to a statement published by the Bahrain News Agency. “The FIA, like many in the diplomatic community in the [...]

Bahrain deports 4 tourist-turned protestors

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An Immigration official on Friday confirmed that in the last 24 hours, four more foreign ‘activists’ participating in unauthorized protests have been deported for lying on immigration forms. Tighe Barry, William James Kelly, Susan “Medea” Benjamin and Elaine Murtagh all obtained visas upon arrival at Bahrain International Airport during the last week. The visas were [...]

GCC Union: a new era of stability, economic prosperity

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His Majesty King Hamad bin Isa Al Khalifa told the GCC leaders that GCC Union would usher in a new era of political stability and economic prosperity in the region. He also cited the formation of the GCC Union as [...]

Creation of Palestinian State echoes at GCC Summit

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HM the King Hamad Bin Isa Al Khalifa on Monday while addressing the GCC leaders at the 33rd GCC Summit being held in Manama urged for a stronger pan-Aran efforts needed for securing an independent Palestinian State with Al-Quds its [...]

HM King Hamad opens 33rd GCC Summit

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His Majesty King Hamad bin Isa Al Khalifa chaired the opening session of the 33rd Summit of the GCC Supreme Council, which started this evening at the Grand Convention Hall at Al-Sakhir Palace, in the presence of the GCC leaders [...]

HM King receives message from Saudi Monarch

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His Majesty King Hamad bin Isa Al Khalifa has received a written message from the Custodian of the Two Holy Mosques King Abdulla bin Abdulaziz Al-Saud. The message was handed over by the Head of the Saudi Delegation to the [...]

Qatari Crown Prince to attend Manama Summit

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. His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, senior Ruling Family members, Speaker of the Representatives Council, Chairman

Amir of Kuwait arrives for Manama Summit

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His Majesty King Hamad bin Isa Al Khalifa was at the forefront of recipients of his brother the Amir of the sisterly State of Kuwait, His Highness Sheikh Sabah Al-Ahmed Al-Jabir Al-Sabah, upon his arrival at the Sakhir Airbase leading [...]

Dubai Ruler heads UAE delegation to Manama Summit

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His Majesty King Hamad bin Isa Al Khalifa received at Al-Sakhir Airbase the UAE Vice-President, Prime Minister and Dubai Ruler Shaikh Mohammed bin Rashid Al-Maktoum who arrived here today to head his country’s delegation to the 33rd Summit of t

Omani Deputy Premier to attend GCC Summit

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His Majesty King Hamad Bin Isa Al Khalifa was in the forefront receiving the Deputy Premier of Omani Cabinet Affairs, Fahd Bin Humoud Al Saieed on behalf of HM Sultan Qaboos Bin Saieed, Sultan of Oman to participate in the [...]

Saudi Crown Prince arrives for Manama Summit

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His Majesty King Hamad bin Isa Al Khalifa on Monday received at Al-Sakhir Airbase the Saudi Crown Prince, Deputy Premier and Defence Minister HRH Prince Salman bin Abdulaziz Al Saud who arrived here today to head his country’s delegation to [..

Sailing Arabia teams arrive in Abu Dhabi

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A strong tail wind has blown the Sailing Arabia – The Tour yachts towards Abu Dhabi with an unexpected speed today, with boats arriving in the early hours of the morning, instead of the evening as anticipated. The nine yachts representing five of the six Gulf States as well as a team from France have [...]

Saboteurs stage illegal protests, rallies on Friday: Police

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Groups of saboteurs took part in unauthorized protests following the funeral of Hussain Al-Baqali, according to a statement published by the Bahrain News Agency quoting Ministry of Interior senior official. They committed acts of rioting and sabotage and blocked roads, using dustbins and hurling iron rods and Molotov cocktails. “Security forces had to intervene and [...]

Al Zayani praises the UNGA for resolution on Syria

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Secretary-General of the Gulf Cooperation Council (GCC) Dr. Abdullatif bin Rashid Al Zayani has praised the UN General Assembly’s endorsement of a resolution introduced by the Arab League on Syria, stressing that it’s a historic decision reflecting the International Community’s rejection of the crimes committed against the brotherly Syrian people, and reaffirming the Syrian regime’s [...]

IAA Chief praises choosing Manama as Capital of Arab Press

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Information Affairs Authority President Shaikh Fawaz bin Mohammed Al Khalifa received the banner of “Manama Capital of Arab Press 2012″ as he received the Arab Youth Media Forum’s ambassador Haitham Yussef and ambassador of the Arabian Gulf Arab Youth Media Forum Khalid Abu Shiba. Shaikh Fawaz hailed choosing Manama the capital of Arab press as [...]

Bahrain to host the 20th MPGC in May

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The Kingdom of Bahrain is set to host the 20the anniversary of Middle East Petroleum and Gas Conference (MPGC) from May 6–8, 2012 under the patronage of HE Dr. Abdulhussain bin Ali Mirza, Minister of Energy-Chairman of National Oil and Gas Authority, and Chairman of BAPCO’s Board. After an 8-year hiatus, MPGC 2012 returns to [...]

BAPCO participates in ASSE-MEC Conference in Bahrain

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BAPCO will participate in the 10th Professional Development Conference and Exhibition (PDC&E) organized by the American Society of Safety Engineers, Middle East Chapter (ASSE-MEC) to be held during February 18-22, 2012. The Risk and Reliability Management Section of Bapco’s Engineering Division are due to present two papers. The first paper, prepared by Ram K Goyal [...]

eGov excellence award nominations close on 20th

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In response to the demand of potential participants and in a bid to allow an opportunity for the maximum number of applications, the registration deadline of the eGovernment Excellence Award 2012 has been extended to 20th February 2012. The award, in its fifth year, is organized under the patronage of His Highness Shaikh Mohammed bin [...]

Sajan becomes ‘Visionary of the Year’

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Rizwan Sajan, Founder and Chairman of the Danube Group, leader in construction, building materials and shop fitting industries, has been named ‘Visionary of the Year’ during the inaugural edition of the Indian CEO Awards held at the Armani Hotel in Dubai. The award was given to Sajan in recognition of his dynamic leadership and strong [...]

Governments take lead on environment related policy initiatives

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Environmental issues are changing the energy and utilities industry as never before, and their influence can only increase, according to a new white paper from Deloitte Middle East entitled “Middle East Energy and Resources, Managing Scarcity for the Future” whitepaper series. “Diversion Ahead”, the new whitepaper, explores the challenges and trends emerging in the energy [...]

Around 20% never takes exercise in Bahrain: Survey

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With majority 84 percent respondents eat breakfast daily in Bahrain, about 20 per cent never take any sort of exercise, according to Zarca Interactive Health and Fitness Trends study for the third quarter 2011. One of the most awaited Health and Fitness Study in the Middle East, Zarca Interactive leading provider of next generation information [...]

Alkabeer forecasts Bahrain’s GDP growth at 1.2%

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According to Alkhabeer Capital, the combined GDP of the GCC region is expected to register a growth in excess of 4% where Qatar will top the list with (7%) followed by Saudi Arabia (4.6%), Kuwait (3%), Oman (2.7%), UAE (2.4%) and Bahrain (1.2%). Alkhabeer Capital, a leading Saudi investment company, has released its latest global [...]

Samsung embarks on a new era of Smart PC evolution

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Samsung Electronics, which enjoys 16.7% of PC market share in Bahrain up from 8.7% in 2011, announced the launch of Samsung ATIV smart PCs at a launch-cum-Press conference held at Crowne Plaza Hotel, on Tuesday. The launch of Samsung ATIV [...]

Four arrested for arson attack on police officer’s residence

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The authorities have rounded up four gangsters for allegedly carrying out arson attack a police officer’s residence in East Ekar. The General Director of Central Governorate Police confirmed the arrests and said that thugs also attacked one of the family members with Molotov resulting in burn injuries in addition to extensive damage to cars and [...]

DIFC further bolsters its position in 2012

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Dubai International Financial Centre (DIFC) reported a strong performance in 2012 with number of employees going up 16% DIFC, the financial and business hub connecting the Middle East, Africa and South Asia’s markets with the developed markets of E

Sukuk issuance to beat $121b figure in 2013

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Fitch Ratings said that strong demand would ensure that sukuk issuance would grow in 2013, mainly in originator-backed, also called asset-based, sukuk structures. The sukuk market is growing rapidly. 2012 global sukuk issuances are expected to hit $1

2013 will see more corporate downgrades: Fitch

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EMEA corporates’ cautious financial strategies are of less and less help in avoiding downgrades, Fitch Ratings says. Downgrades are likely to outnumber upgrades among Fitch-rated EMEA corporates in 2013. The trailing three-month aggregate of re

Clifford Chance advises Nakheel Dh120.9m notes

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Clifford Chance has advised Nakheel PJSC in relation to its issuance of Dh120.9 million, 10% tap certificates due 2016 to its trade creditors under its DhD8.5 billion sukuk programme. This latest issuance brings the total amount issued by Nakheel to

Energy leaders seeks investments in low carbon initiatives

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Energy and finance leaders, who met on Monday to discuss ways to encourage greater private sector investment in renewable energy and low-carbon, climate friendly projects as a tactic to mitigate climate change and diversify the global energy mix, urg

All is set for Commercial Bank Qatar Masters 2013

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Following his first European Tour win of 2013 in South Africa on Sunday, World Number Four Louis Oosthuizen is the second top five players to confirm his participation in the $2.5 million Commercial Bank Qatar Masters, which will be held [...]

Bahrain becomes the first to see 2013 RAV4 launch

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Ebrahim K. Kanoo, the sole distributor of Toyota and Lexus in the Kingdom of Bahrain, announced the launch of the fourth-generation all-new 2013 RAV4 SUV in a joyful event held in Toyota showroom followed by an unveil at Bahrain City [...]

Bahrain to preserve rich heritage of Manama Suq

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Culture Minister Shaikha Mai bint Mohammed Al-Khalifa opened Karim Naseef Ice-cream and Saffron Café in the old Manama Suq. Mohammed bin Fares band staged a musical show as part of the inaugural ceremony. The new outlets are part of the [...]

Rotary Club launches ‘Reduce Diabetes Amongst Children’ initiative

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The Rotary Club Manama on Sunday launched a major campaign aimed at creating awareness about diabetes among the children, the President of the Club told the 24X7 News. The Rotary Club Manama, being a fund raiser in support of different [...]

Sustainable growth trends in focus at MEIF 2013

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With the 9th Annual Middle East Insurance Forum 2013 is set to open on Monday in Bahrain, the experts, insurance gurus and regulators will focus discussions on identifying new strategies to maintain the growth momentum while boosting technical and op

Gulf banks replace EU peers as major acquirers in MENA

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Banks in the oil-rich countries of the Gulf Cooperation Council (GCC) are becoming active buyers again of stakes in banks in the Middle East and North Africa (MENA) and even farther afield, according to a Standard & Poor’s report. As [...]

M&A deal values up 42% to $44.8b in MENA

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Deal values of MENA mergers and acquisitions (M&A) in the region rose from $31.6billion in 2011 to $44.8billion in 2012, an increase of 42%. Deal volume on the other hand fell by 4%, from 416 in 2011 to 398 in [...]

Samsung enjoys 37% market share in Smart TV segment

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Samsung Electronics Co. Ltd. announced that its SMART TV business is strengthening its leadership in Bahrain with 37 percent market share according to the data provided from GFK. Samsung’s TV division posted a growth rate of 95 percent in the [...]

Arab Bank’s net profit up 15% to $352m in 2012

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Arab Bank Group on Sunday in a statement said that its net profit after tax and provisions for the year ended 2012 grew by 15% from $305.9 million in 2011 to $352 million in 2012. Sabih Masri, Chairman of the [...]

Bahrain remains united: HRH Premier

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His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister emphasized that the Kingdom of Bahrain’s national unity remains the cornerstone on which all efforts should be focused as well as community mobility in order to boost and support unity of the Bahraini people who lived and shall always remain to live in [...]

Bahrain on right path of political and economic development

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Bahrain has witnessed many strides of development in economic and political sectors. This was stated by His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister, who received His Royal Highness Prince Salman bin Hamad Al Khalifa Crown Prince and Deputy Supreme Commander, at the Premier’s court on Monday. Both their Royal Highnesses [...]

Bahrain Grand Prix F1 2012 tickets go on sale

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The stage is set for the year’s biggest sporting and social event: the 2012 Formula One Gulf Air Bahrain Grand Prix, taking place April 20 to 22 at Bahrain International Circuit (BIC) in Sakhir. The 60-day countdown to the three-day Formula One extravaganza got underway Monday (February 20). Excitement and anticipation is now building up, [...]

RUW students visit China

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A total of 21 students from the Faculties of Business & Financial Sciences, I.T and Art and Design embarked on a ten day visit to China. They spent five days in Beijing and five days in Hong Kong. The purpose of the visit was to expose students to the booming Chinese economy and cultural feats. [...]

Nimr 6×6 Armoured Patrol Vehicle on display at IAV 2012

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Abu Dhabi-based Nimr Automotive, a subsidiary of Tawazun Holding, is currently exhibiting at the 11th Annual International Armoured Vehicles (IAV) conference and exhibition being held at FIVE, Farnborough, UK (20th to 23rd Feb 2012). The first ever UAE company to appear at International Armoured Vehicles, Nimr develops and manufactures a wide range of interoperable defence [...]

Etisalat subscriber base rises 22% to 167m in 2011

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During a Board Meeting on Tuesday 20th held at Etisalat Head Office in Abu Dhabi, Etisalat’s Board approved the consolidated financial results for fiscal year ended 31 December 2011. The Board members also proposed final dividends at 60 fils par value for fiscal year 2011. The Emirates Telecommunication Corporation – Etisalat, operating in 17 countries [...]

Bahrain offers best health, medical services

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, who inspected the Yousuf Abdulrahman Engineer Health Centre in Isa Town, affirmed the government’s interest to go ahead with its efforts to provide most developed and susta

Bahrain to regulate labour camps, accommodations

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, who chaired at Gudaibiya Palace the weekly cabinet meeting, issued directives to remedy legislative shortcomings to regulate labour accommodation and prevent renting houses which

Dialogue is the only way forward to resolve differences

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Minister of State for Information Affairs, the Official Spokesperson of the Government, Sameera Rajab said that the crisis can’t go on forever, reinforcing that the dialogue is coming and the file is now in the hands of the Minister of [...]

EWA plans major infrastructure projects

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Electricity and Water Authority, CEO, Shaikh Nawaf Bin Ibrahim Al Khalifa, said that since the launch of the reform project of HM King Hamad Bin Isa Al Khalifa and HM’s concern with the infrastructure projects, Electricity and Water Authority has [

eGov Authority hosts workshop on Cyber Law

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The eGovernment Authority (eGA) in close collaboration with the Ministry of Finance Kingdom of Bahrain organized a workshop on Cyber Law where international speakers from the World Bank (USA), United Nations Economic and Social Commission for Western

Alpen Capital India opens its 4th office in Kolkata

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In line with its expansion plans, Alpen Capital India Private Limited announced the opening of its fourth office in India, in the Eastern Indian city of Kolkata. A presence in Kolkata will enable Alpen Capital to tap the vast opportunities [...]

Air Seychelles aircraft to debut with enhanced livery

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Air Seychelles unveiled an exciting new addition to its distinctive, brightly-coloured livery when its second Airbus A330-200 aircraft was delivered. The Air Seychelles name now adorns the underbelly, for brand visibility from the ground while the ai

Bahrain rejects intimidation, threat to expatriates

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His Royal Highness, Prime Minister Prince Khalifa bin Salman Al Khalifa, reiterated rejection of all types of threat and intimidation targeting the expatriate communities in Bahrain, describing those communities as an integral part of the Bahraini so

Minister criticises opposition’s stance on dialogue

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State Minister for Information Affairs, Samira Ibrahim bin Rajab, the government’s official Spokesperson, criticized, in a statement to Asharq Alawsat newspaper, the opposition for misusing a call for a national dialogue and falsely promoting i

Bahrain remains an oasis of law, freedom and tolerance

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The Kingdom of Bahrain, which on Sunday celebrated the 41st National Day with history spanning over two centuries, reaffirmed its commitment to uphold freedom, law, tolerance and democracy. Addressing the Nation, His Majesty King Hamad bin Isa Al Kha

GCC Health Ministers Conference opens on Wednesday

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GCC Ministers of Health Conference in its (74) term kicks off on Wednesday at Sofitel Hotel in Zalaq, in the presence of the ministers of health in the GCC states and Yemen. Under the patronage of the Minister of Health, [...]

WEF names ABG VP as Young Global Leader from Bahrain

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The World Economic Forum has named Ali Adnan Ibrahim (Bahrain), Vice President, Al Baraka Banking Group, among the Young Global Leaders (YGL) Class of 2013. These individuals have been recognized for their professional achievements and commitment to

Bahrain Duty Free shareholders approve financials for 2012

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The shareholders of Bahrain Duty Free have approved the financials for the year 2012 during an AGM held at Gulf Hotel. Bahrain Duty Free total revenue grew by 2.7%, amounting to BD27.5million compared to BD26.8million in 2011. Gross profit increased

Vandals cause extensive damage to public, private property

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Assistant Chief of Security for Operations announced that on Thursday, several villages witnessed acts of domestic terror including the theft and torching of cars, and the street blockades. The cars were torched in the middle of congested roads and t

GCC aviation market remains highly competitive

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The Gulf aviation market remains one of the most competitive markets in the world, a top official at Saudia revealed on Thursday. “The GCC market remained very competitive as all Gulf countries operate by using their countries as a hub [...]

Fitch affirms GIB at A; withdraws GIBUK’s ratings

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Fitch Ratings has affirmed Bahrain-based Gulf International Bank’s (GIB) long-term Issuer default rating (IDR) at A and viability rating (VR) at bbb-. The outlook on the long-term IDR is stable. At the same time, Fitch has affirmed GIB’s

Fitch affirms BBK at BBB- with outlook stable

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Fitch Ratings has affirmed Bahrain-based BBK’s long-term issuer default rating (IDR) at BBB- and viability rating (VR) at bb+. The outlook on the long-term IDR is stable. BBK’s IDRs, Support Rating and Senior Debt rating reflects Fitch

IATA establishes its new office for GCC

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The International Air Transport Association (IATA) announced the conclusion of an agreement with the Government of the United Arab Emirates (UAE) for the establishment of its Gulf Area office in Abu Dhabi, effective June 1, 2013. “We are very pleas

Sri Lanka to open mission in Bahrain

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Undersecretary of Ministry of Foreign Affairs, Ambassador Abdullah Abdullatif Abdullah met with a diplomatic delegation from the friendly Democratic Socialist Republic of Sri Lanka, headed by Ambassador CAHM Wijeratne, on the occasion of Sri Lanka

Bahrain to remove bottlenecks of bureaucracy

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With more emphasis on serving the citizens in better way, the government is working to get rid of tall bureaucracy in all government departments. HRH Prime Minister stressed the need to intensify efforts to eradicate bureaucracy and slow procedures i

Batelco supports Nasser Bin Hamad Al Khalifa 6th Football Tourney

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Batelco, Bahrain’s leading telecommunications provider is a key sponsor of H.H. Nasser Bin Hamad Al Khalifa 6th Football tournament, which is currently taking place at Shaikh Khalifa Sports City and Riffa Club. The Tournament began on March 14 and

Eighth Euromoney Saudi Arabia Conference convenes in May

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Saudi Arabia’s top ministers are gathering in Riyadh in May to ask “Are public finances in the Kingdom sustainable?” This is the focus of the forthcoming eighth Euromoney conference. While prospects for the Kingdom’s economy look very good in

Batelco executives attend the 13th annual UoB Career Day

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Batelco Group General Manager HR and Development Shaikh Ahmed Al Khalifa and Batelco Bahrain General Manager Human Resources Suhaila Alnowakhda along with other Batelco representatives attended the 13th University of Bahrain (UoB) Career Day, which w

Minister for Communications holds talks with ZTE Corp delegation

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State Minister for Communications, Shaikh Fawaz bin Mohammed Al Khalifa, received a high level delegation from ZTE Corporation, one of the top telecom and ICT vendors in the world to discuss opportunities of mutual cooperation. The Minister welcomed

Memac Ogilvy stresses on sustained innovation for future growth

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As part of his regional tour, the Chairman of the Board of Directors and CEO of Memac Ogilvy, Edmond Moutran visited the Bahrain office to express his appreciation of the team’s contribution towards the company’s success and shared his vision [..

Bahrain-Russia private sectors seek better ties

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Industry and Commerce Minister Dr. Hassan Fakhro stressed the importance of coordination and constant follow-up for joint projects and understandings and agreements between the poles of the private sector in Bahrain and Russia. This came during a mee

LPOD announces opening of 2013 season in a style

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Bahrain’s biggest water theme park LPOD opened its doors for another high energy season in a style by offering specially discounted rates to the guests. “From last season we have enjoyed a great increase in our guests, thus for this [...]

Shaikh Mohammed honours HM the King’s Horse Riding Cup winners

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His Majesty King Hamad bin Isa Al Khalifa, deputised the Commander of the National Guard Lieutenant General Shaikh Mohammed bin Isa Al Khalifa to attend the festival of HM the King’s Horse Riding Cup, organised by the Rashid Equestrian and [...]

BMI Bank presents $70,000 to three winners

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“It was a great surprise to receive a call of my unexpected win, and found it difficult to believe. It took me a while to take in the news only after I had reconfirmed it with the bank representative number [...]

VIVA to launch BlackBerry 10 smartphone

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VIVA has launched a registration campaign for the next generation BlackBerry 10, gearing up to the upcoming launch of the fastest and most advanced BlackBerry smartphone yet. VIVA customers can now register in VIVA’s website, www.viva.com.bh, to ge

Police intervenes to restore order in many areas in Bahrain

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The Ministry of Interior (MoI) announced on its twitter account that police forces “confronted a group of terrorists who attacked them with Molotov cocktails and tried to block the Budaiya Road, near Sanabis.”

Bahrain urges Arab countries to elevate human rights record

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Marking the Arab Human Rights Day, Minister of Human Rights Affairs, Dr. Salah Bin Ali Abdul Rahman congratulated the leaders of the Arab states, pointing out that this day is considered a consolidation of the respect for human rights by [...]

BoA reports $0.7b net income for Q4 2012

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Bank of America Corporation reported net income of $0.7 billion, or $0.03 per diluted share, for the fourth quarter of 2012, compared to $2 billion or $0.15 per diluted share in the year-ago period. Revenue, net of interest expense, on [...]

Dar Al Manar for Parents Care visits HRH Princess Sabeeka Park

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A delegation of Dar Al Manar for Parents Care has visited HRH Princess Sabeeka Park in Awali. The visit aimed at providing the guests with an idea on the various facilities and services offered by the park in serving the [...]

Gatehouse Bank completes US acquisition

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Gatehouse Bank plc (Gatehouse), a wholesale Shariah compliant investment bank based in the City of London, has completed the acquisition of a state of the art office building in Salt Lake City, Utah. The deal is expected to return a [...]

Bahrain’s telecom sector is transparent, competitive

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The Kingdom of Bahrain, which was the first to open up its telecom sector for foreign investments and bringing in the most liberal regime, on Wednesday praised by the world’s one of the leading telecom and technology provider Ericsson being [...]

Bahrain’s real estate sector on the rebound

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The Kingdom of Bahrain’s real estate sector is back on the track with investors making investments in all major real estate projects, showing the confidence in Bahrain’s national economy. “Who said real estate in Bahrain is dead,” Nader AlQas

NAC opens a new era for democracy, development

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The adoption of the National Action Charter by 98.4% people in 2001 opened a new era for progress and development. Bahrain will tomorrow (Thursday) celebrate the 12th anniversary of the National Action Charter. His Royal Highness Prime Minister Princ

Dr Mirza holds talks with World Bank delegation

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Minister of State for Electricity and Water Affairs, Dr. Abdul Hussain Bin Ali Mirza received World Bank’s delegation marking its visit to Bahrain, within their field visit to follow-up the projects of raising the lighting efficiency in the residen

Bahrain reinstates 100% public sector employees

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said that all the issues related to the dismissed employees in the governmental bodies under the law of the Civil Service had been settled. Shaikh Khalid highlighted that all the sacked employees have been reinstated, as well as re-hiring the [...]

Celebrate NAC anniversary responsibly: Police Chief

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The Chief of Public Security, Major-General Tariq al Hassan warned the youngsters to celebrate the National Action Charter (NAC) anniversary on Thursday with caution and in responsible manners. He said that NAC anniversary and continuation of nationa

Batelco Group CE honours HM King Golf Trophy winner

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Batelco Group Chief Executive attended the prize presentation following the final of HM King Hamad’s 5th Golf Trophy which took place at The Royal Golf Club, Riffa. Bahrain’s leading Telecommunications Company, Batelco, was the main sponsor for t

Govt gets recognition as a party in National Dialogue

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The participants of the ongoing National Consensus Dialogue during the second session have agreed on Government’s status as a ‘party’ and ongoing deliberations as a ‘dialogue’ and not discussion. During the second session of the National Co

Bahrain Air suspends operations immediately

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Bahrain Air board’s decision to close the airline on Wednesday was even taken by surprise by the country’s aviation sector regulators. To date, CAA, said that outstanding debt from the service providers and fuel supplies reached BD17.1 million as

Bahrain celebrates 12th anniversary of NAC

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The Kingdom of Bahrain’s leadership, government and people celebrate throughout this week the 12th anniversary of the National Action Charter (NAC) which had been almost unanimously endorsed by 98.4%% vote of the Bahraini people in the 2001 nat

Gulf banks eye high debt issuance levels in 2013

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Last year, banks in the Gulf Cooperation Council (GCC) were able to capitalize on investors’ global search for higher yields, and their issuance volumes were substantially higher than in 2011, according to S&P, report. In an article titled R

Tamkeen eases procedures for EDSP

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As part of its continuous efforts to support the private sector and stimulate the growth of Bahraini businesses, especially SMEs, Tamkeen announced that it is dropping one of the eligibility conditions to benefit from its Enterprise Development Suppo

Oosthuizen leads ahead of Commercial Bank Qatar Masters

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World Number Five Louis Oosthuizen is quietly confident he can finally lift the Mother of Pearl Trophy at the end of this week’s US$2.5 million Commercial Bank Qatar Masters, which will tee off at Doha Golf Club on Wednesday. Oosthuizen, [...]

GCC eGov CEOs get insight about quduart e-training

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In line with the 11th meeting of the GCC eGovernment Executive Committee hosted by the Kingdom of Bahrain represented by the eGovernment Authority (eGA), GCC delegates attended AlHekma Society for the Retired’s graduation ceremony of the third batc

Menatelecom signs contract with Huawei Technologies

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Menatelecom, an investment subsidiary of Kuwait Finance House Bahrain (KFH-B) and a regional pioneer in the world of high-speed telecommunications, has signed an official contract with Huawei Technologies to deploy its latest 4G Long Term Evolution (

Gatehouse Bank launches its first Sterling sukuk

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Gatehouse Bank has issued its first real estate backed sukuk, paying a distribution of 3% per annum over a five year term. Investors will earn a return by virtue of having pro-rata ownership of the sukuk assets, which comprise shares [...]

Bahrain renews call for political dialogue with all groups

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Based on the royal directive of His Majesty the King, the Minister of Justice invites representatives of the political societies and independent members of the political community in Bahrain to resume political discussions of which were initiated dur

Charlie Stewart-Cox new GM Cathay Pacific South Asia, MEA

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Cathay Pacific Airways announced that Charlie Stewart-Cox has been appointed as the airline’s General Manager South Asia, Middle East and Africa with effect from 21 January 2013. Stewart-Cox will be responsible for overseeing the business and opera

Kalaam unveils SMEs broadband solution

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Kalaam Telecom launched their Unlimited Broadband packages for small and medium enterprises (SMEs) introducing first time in Bahrain advanced security options bundled with the Internet. The 3-in-1 business broadband solution –Internet, Voice and Se

Bahrain’s hotel registers 7% increase in occupancy

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Bahrain also witnessed positive changes in its hospitality Key Performance Indicators, where the overall occupancy rates increased by 7% year-to-date, according to Ernst and Young report. “This change is due to several expositions taking place in t

Dubai’s real estate sector on the rebound in 2013

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With an increase of 65% in the number of transactions in 2012, the Dubai real estate sector will continue to shift up a gear in 2013, experiencing a broader based recovery on the back of continued economic growth, according to [...]

Clifford Chance advises Sorouh on M&A transactions

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Clifford Chance is advising Sorouh Real Estate PJSC on its proposed merger with Aldar Properties PJSC, terms of which were agreed by their respective boards on 20 January 2013. The merger, which has been unanimously recommended to shareholders, will

EU recession may dissipates; stability remains a far cry: BofA

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Recession seems to be loosening its grip on Europe, but the ongoing stabilization is unlikely to make room for growth. Across the ocean, growth prospects are deteriorating. We expect most of the US fiscal sequester to remain in place, according [...]

Insurance industry generates $4t a year

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The insurance industry plays an important role globally, as it contributes to more than $4 trillion in worldwide revenue, Abdul Rahman Al-Baker, Executive Director of Financial Institutions Supervision, CBB, said. “In addition, the macroeconomic tr

Growth without profit negates sustainability: CBB

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The balance between growth and profitability can only ensure a sustainable model for the insurance sector, according to a senior official at the Central Bank of Bahrain (CBB). “Growth without profitability is unsustainable. Hence the businesses sho

Intercol becomes Alcatel-Lucent partner in Bahrain, Qatar

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Intercol has become Alcatel-Lucent Enterprise’s Premium Partner in Bahrain and Qatar. The recognition comes as a result of high performance and the level of support offered by the company in Qatar and Bahrain to its Alcatel-Lucent Enterprise custom

New risks offer new opportunities in insurance industry

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The new risks, which are confronting the insurance industry, offer new opportunities if we can offer both the right products and the right people for the task, according to Enrico Bertagna, Head of Lloyd’s Southern, Eastern Europe and Africa. In [.

Middle East lags far behind in insurance penetration

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The insurance penetration in the Middle East is currently around 1% which is substantially lower in comparison to other emerging markets, David McLean, CEO MEIF, said. “Let alone developed markets, and this denotes potential for tremendous growth i

President Mursi receives Bahraini delegation

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Bahrain Ambassador to Egypt and Permanent Representative to the Arab League, Shaikh Rashid bin Abdul Rahman Al-Khalifa, conveyed greetings from His Majesty King Hamad bin Isa Al-Khalifa, His Royal Highness Prime Minister Prince Khalifa bin Salman Al-

Almoayyed Motors Ford sales up 50% in 2012

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Almoayyed Motors reported healthy business for the year with 50% sales going up in 2012 compared with 2011, a senior official revealed. Sandeep Mathur, general manager of Almoayyed Motors, on the sidelines of the unveiling of the all-new 2013 Ford [.

KFH-B launches new responsive website

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Kuwait Finance House Bahrain (KFH-B) has successfully redesigned and developed the Bank’s website with the latest Responsive Web Design Technique. The Bank is one of the first Banks to commercially and globally adopt the latest Responsive Web Desig

Etihad Airways net profit up 200% to $42m

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Etihad Airways, reported net profit of $42 million in 2012, up 200 per cent on 2011 ($14 million) in a year which saw strong improvements in revenues, passengers numbers and cost control. Revenue increased 17 per cent to US$4.8 billion [...]

Air Arabia carries 5.3m passengers in 2012

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Air Arabia reported that it carried a record 5,301,484 passengers in 2012, a 13 per cent growth compared to the previous year. The significant growth in passenger numbers is a testimony to the airline’s ambitious network expansion strategy. In 2012

AUB completes sale of its 29.4% stake in Ahli Bank Qatar

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Ahli United Bank BSC (AUB) announced the completion of the sale of its 29.4% stake in Ahli Bank Qatar (ABQ) to the Qatar Foundation for Education, Science and Community Development at a price of QR 60 per share and for [...]

Bahrain’s hospitality sector set to yield 17.4% of GDP

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Healthy hotel pipeline to expand business and leisure product as government infrastructure investment opens up new opportunities for inbound visitor growth; ATM 2013 road show event to bring together key industry players as market picks up The Kingdo

Thugs block Budaiya highway illegally

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Police on Monday evening intervened to restore public order on Budaiya Highway. “A group rioters and saboteurs headed to Manama on Budaiya Highway after Al-Daeh Hussainya, violating the procession route “, Northern Police director general

Dr Jumaa Al Kaabi holds talks with Japanese envoy

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Minister of Municipal Affairs and Urban Planning, Dr. Jumaa Bin Ahmed Al Kaabi, met with Ambassador of Japan to the Kingdom, Shigeki Sumi. Dr. Jumaa praised the considerable efforts done by the Japanese Ambassador in developing the relations between

ABC Group reports $205m profit for 2012

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Arab Banking Corporation (ABC) announced that its consolidated Group net profit for the year ending 2012 was $205 million, compared to $204 million last year. Total operating income amounted to $816 million as against $818 million in the previous yea

BBK yields a record net profit of BD42.3m for 2012

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BBK board of directors on Monday announced a record profit of BD42.4 million for 2012, a 33.3 per cent up compared to BD31.8 million in 2011. Based on the above performance, the Board of Directors has decided to raise its [...]

Bahrain attends council of Arab Justice Ministers meeting

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Bahrain’s Ambassador to Egypt and Permanent Representative to the Arab League, Shaikh Rashid Bin Abdul Rahman Al Khalifa led Bahrain’s delegation to the meeting of the Council of Arab Justice Ministers in its twenty-eighth session, held this

Samsung launches dual SIM Galaxy grand in Bahrain

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Samsung Electronics., Ltd, a global leader in digital media and digital convergence technologies, announced the latest addition to its Galaxy smartphone series – the Samsung Galaxy Grand smartphone powered by Android 4.1.2 JellyBean. An ideal smart

Hala Al Ansari attends AWO meeting in Cairo

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The 11th meeting of The Arab Women Organization (AWO) Executive Council has concluded in Egypt on Monday. Supreme Council for Women (SCW) secretary-general Hala Al-Ansari attended the two-day session in Cairo, Egypt. The session discussed key issues,

France lauds reforms initiated by HM King Hamad

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France paid tribute to His Majesty King Hamad bin Isa Al-Khalifa for his initiative establishing the Bahrain Independent Commission of Inquiry (BICI) in July 2011. French Foreign Ministry spokesman Philippe Lalliot welcomed Bahrain’s decision t

Shaikha Hayat Bint Abdul Aziz Al Khalifa wins special prize

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Shaikha Hayat Bint Abdul Aziz Al Khalifa was selected to win a special honour for her role in enriching the women’s movement during a press conference, where the Board of Trustees of the Award of “Shaikh Mohammed Bin Rashid Al [...]

Prince Khalifa’s vision helps in implementing BICI recommendations

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The approach adopted by the government, Chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman, in implementing the visions of the National Consensus Dialogue and the recommendations of the Bahrain Independent Commission of Inquiry (B

INJAZ Al-Arab amongst top 100 NGOs worldwide

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INJAZ Al-Arab has been acknowledged as one of the world’s most influential and prominent NGOs by the Global Journal for the second consecutive year. The ranking awards dynamic and innovative NGOs across the world for their impact on a social, [...]

Bahrain Life-Makers Club congratulates Shaikh Nasser

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Bahrain Life-Makers Club has praised the official opening of the Bahrain Educational Complex for the children of the brotherly Syrian refugees at Al-Zaatari Camp in Jordan by the Chairman of the Board of Trustees of the Royal Charity Organisation (RC

OIC Secretary General lauds reforms in Bahrain

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Secretary General of the Organisation of Islamic Cooperation (OIC) Prof. Ekmeleddin Ihsanoglu hailed the outstanding efforts of the Bahraini government in implementing the recommendations of Bahrain Independent Commission of Inquiry (BICI). He commen

BBK plans expansion in India by opening 4th branch

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Bahrain-based leading bank, BBK, on Monday said that it was planning to apply for a license for the 4th branch in India in Delhi, according to bank’s top revealed. Murad Ali Murad Chairman board of Directors BBK board of directors, [...]

HH Shaikh Nasser bin Hamad lauds media role

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The Chairman of Supreme Council for Youth and Sports, President of Bahrain Olympic Committee, His Highness Shaikh Nasser Bin Hamad Al Khalifa met with the journalist Fadi Al Omari. HH Shaikh Nasser answered the questions directed to him particularly

Batelco celebrates sales academy graduation

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Batelco, as part of its commitment to training and development has recently held a graduation ceremony to celebrate the success of 54 staff following their successful completion under sales academy training programme. Batelco Sales Academy, forms par

Bahrain hosts GCC eGovernment meeting

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As part of its objectives in supporting networks of cooperation and exchange of experience between the GCC countries, the Kingdom of Bahrain represented by the eGovernment Authority (eGA) hosted the 11th meeting of the GCC eGovernment Committee on 16

Interior Ministry Ombudsman holds talks with AI official

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Interior Ministry Ombudsman Secretary-General Nawaf Mohammed Al-Maawda held talks with London-based Amnesty International deputy-director for the Middle East and North Africa (MENA) deputy-director Hassiba Haj Sahraoui and other officials. Al-Maawda

HM King Hamad visits NAC monument

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His Majesty King Hamad bin Isa Al Khalifa visited the National Action Charter monument accompanied by the Crown Prince, Deputy Supreme Commander His Royal Highness Prince Salman bin Hamad Al Khalifa who were received by the Minister of Education Dr [

HM King lauds military, security officials

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His Majesty King Hamad bin Isa Al-Khalifa paid tribute to the personnel of the BDF, Interior Ministry and National Guard for their efforts to protect Bahrain’s gains, development achievements and citizens’ independence and dignity. HM the

HM King Hamad donates 500 residential cabins for Syrian refugees

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His Majesty King Hamad Bin Isa Al Khalifa issued directives to provide 500 ready residential cabins for the Syrian refugees in Al Zaatari Camp, to help the Syrian brothers due to the hard weather conditions witnessed there during the present [...]

Art remains a strong social network

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has called for the need to adapt the greater message of art to serve national interests, noting that art is one aspect of social interaction and can have the [...]

SIU continues probe into complaints

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Chief Prosecutor and Head of Special Investigations Unit (SIU) Nawaf Abdulla Hamza said that SIU continued investigations into the five complaints it had received in December, 2012, adding that it summoned the complainants and was informed about the

Human rights entities play vital role

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Human Rights Affairs Minister Dr. Salah bin Ali Abdulrahman met with representatives of human rights associations in Bahrain. Dr. Salah welcomed those present and thanked them for accepting his invitation to the meeting. He hailed the crucial role pl

Tamkeen’s financing portfolio reaches BD169.5m

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Tamkeen signed an agreement with the Bahrain Islamic Bank (BiSB) under which it will add BD10 million to its Enterprise Financing Scheme, which it offers in partnership with leading financial institutions in the Kingdom. The additional funds raise the total value of the scheme’s financing portfolio to BD169.5 million. The signing ceremony was held, at [...]

Batelco launches unlimited mobile data packages

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Batelco announced a new concept for its mobile broadband services with the addition of unlimited data packages based on a Fair Usage Policy (FUP). Thanks to this great initiative, Batelco’s mobile broadband customers can enjoy unlimited data and up to 21Mbps bandwidth with rates starting from as low as BD8 per month. Customers will still [...]

Tamkeen extends e-Tendering training programme

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Tamkeen has extended its e-Tendering Training Programme with the aim of training an additional 550 business owners in the fundamentals of e-Tendering. The programme, done in cooperation with the Tender Board, is part of Tamkeen’s objective of delivering accessible business support services to enhance the productivity and growth of enterprises and individuals in Bahrain. The [...]

The East India Company now in Kuwait

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The East India Company is once again expanding its global trade relationships with the exciting news that the first East India Company franchise store will launch in Kuwait in February. Opening on 13 February 2013, this new franchise store will [...]

Seatrade to launch ground-breaking news service

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Seatrade Global will provide breaking international shipping news and in-depth features with no charge to readers. An exciting new media initiative from Seatrade will see the launch of a free online global news service for the shipping industry in Fe

Ban Ki moon on 2nd anniversary of Egyptian revolution

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As Egyptians mark the second anniversary of their revolution, the Secretary-General extends to them his warmest wishes and reiterates the commitment of the United Nations to support the Egyptian people and government in their efforts to build a more

IFSB to conduct workshop in Sudan

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The Islamic Financial Services Board (IFSB) will organise workshops in Khartoum, Sudan on 29 – 31 January 2013. The workshops will focus on Facilitating the Implementation of the IFSB Standards (FIS) on Banking and Takaful. The Banking Workshops wi

EIA witnesses 53% growth in passengers handling

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Erbil International Airport (EIA) witnessed a 53% growth in passenger traffic over the previous year, while cargo tonnage also increased dramatically, with a 54% increase to 27,849 tonnes per annum. The 2012 passenger count brings the total number of

Bahrain urges all political parties to join national dialogue

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The political authority in the Kingdom of Bahrain has called upon on all the political components to resume the national dialogue, considering that national dialogue and national consensus are the only solution to the current problems. Referring to t

EU Parliament members slam report on Bahrain

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Some members of the European Parliament’s delegation who were in Bahrain recently stressed that the Parliament’s issuance of resolutions against Bahrain without reviewing the delegation’s report was not balanced. “We preferred that our report

Bapco organizes a lecture on Business Ethics

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Volunteers from the Bahrain Petroleum Company (BAPCO) and the National Oil and Gas Authority (NOGA) in the inJAz Bahrain Programme presented a series of lectures on social corporate responsibility (CSR) as part of the activities of one of inJAz Bahra

GSMA seeks assurances on Barcelona public transport strike

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The metro and bus workers from TMB, the main public transport operator in the metropolitan area of Barcelona, have announced plans to strike during Mobile World Congress which will be held 27th February through 1st March 2012. The GSMA has senior executives in Barcelona and they have been meeting regularly with government officials from the [...]

Kazan to host investment and FDI Forum

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The organisers of the International Investment Forum KAZANINVEST: Foreign direct investment has announced the details. The event kicks off on March 1, 2012, at Grand Hotel, Kazan, the Republic of Tatarstan will provide an opportunity to participants to discuss the investment attractiveness of Russian regions and action-oriented tools for foreign capital attraction. To promote productive [...]

Oman Ministry of Tourism backs Oman Sail’s SATT

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Oman’s Ministry of Tourism has announced its full support for Team Muscat 2012 in the 2nd Sailing Arabia – The Tour (SATT) sailing regatta which kicked off on February 12, 2012 in the Kingdom of Bahrain. The sponsorship forms part of promotional activities related to Muscat’s selection as the Arab Capital for Tourism in 2012. [...]

Al Hilal Bank unveils the maiden sukuk

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Al Hilal Bank announced the launch of its first sukuk fund, the Al Hilal Global Sukuk Fund. The new offering reaffirms Al Hilal Bank’s full commitment to product and service innovation and its keen interest in strategic segments of the financial services sector. The flagship fixed-income fund’s objective is to generate regular income as well [...]

Enterprise data witnesses incredible growth

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The rapid adoption of mobile devices, various enterprise applications and social media has largely contributed to the unprecedented growth rate of enterprise data, both structured and unstructured, according to a recent study by International Data Corporation (IDC), the premier global market intelligence and advisory firm for the information technology and telecommunications markets. Unstructured data, in [...]

Bahrain to observe ‘safer Internet day 2012’

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The Kingdom of Bahrain will observe for the first time the “International Safer Internet Day”, an international event observed by more than 70 countries round the world on 7th February, 2012. The first meeting of the National Co-ordination Committee for this event was held with the participation of Zain Bahrain, Microsoft, Ministry of Education represented [...]

VIVA signs first E-learning agreement with The British School and iMachines

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VIVA Bahrain signed an agreement with the British School of Bahrain and iMachines to provide reliable high-speed internet connection through cutting edge infrastructure in order to support advanced digital learning for the first time in the Kingdom. Through this agreement VIVA will offer iPads 2 with advanced telecom solutions for BSB students in Bahrain in [...]

Expatriates seek voice in Bahrain’s National Dialogue

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Over 15,000 members of expatriate communities thronged at National Stadium on Friday to show their solidarity with the leadership and the people of Bahrain in an event tiled “Thank You Bahrain.” The event, organised by the Expatriate Association

Bahrain: a model melting pot of different cultures

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The members of the diplomatic corps in Bahrain lauded the idea and quality of hosting Thank You Bahrain festival on Friday at Bahrain National Stadium which was attended by thousands of people from different communities. The participating communities

Over 82% of shareholders ratify BBK financials

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Overwhelming majority of 82% BBK shareholding base unanimously approved the bank’s financial statement for 2012 during annual general assembly held at the Diplomat Radisson Blue on Monday. The shareholders also gave a nod to the board to amend the

UK welcomes resumption of Bahrain’s political dialogue

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The United Kingdom welcomed the resumption of the National Consensus Dialogue in Bahrain in which major political parties are taking part. “We welcome the first meeting of the National Consensus Dialogue that took place on 10th February 2013 in Bah

Arab World enjoys 391m mobile telephone connections

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There has been an average 32 per cent average annual growth in mobile connections in the Arab world in the past 10 years, soaring from 19 million connections in 2002 to 391 million in 2012, according to GSMA report. The [...]

Team BAE Systems wins the first leg of EFG Bank Sailing Arabia

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The first leg of the EFG Bank Sailing Arabia – The Tour was completed in glorious sunshine on Tuesday with crews fighting out a sprint finish due to light winds off the coast of Qatar and throughout the 100 mile [...]

UAE tourism receipts to grow 67% by 2016

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The UAE tourism receipts are forecast to rise by 67% over the next few years. The region is now entering a new era of stability and increased connectivity and expansion of existing infrastructure, according to the organisers of the ATM [...]

GCC closes 2012 with strong IPO yields of $1.69b

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The 2012 IPO market performance in the GCC region, with total of nine IPOs raising $1.684 billion compared to the same number of IPOs in 2011 raising $789 million, increasing significantly by 113% in terms of offering value, according to [...]

Bahrain remains a united family: HRH Premier

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al-Khalifa returned home to a warm welcome following a private visit abroad has urged people to stand firm against all odds and continue to play vital role in the progress and [...]

Turkey terrorism law reduces risk of market access

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Turkey’s adoption of anti-terrorism financing legislation last week reduces the risk of suspension from the Financial Action Task Force (FATF), which could have disrupted access to financial markets for Turkish entities including the sovereign,

Bahrain showcases e-Gov excellence at Summit

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A Ministerial Roundtable held in cooperation with the United Nations at The Government Summit, the first of its kind initiative to promote governmental service excellence, highlighted the success stories of the region, in introducing innovative servi

GCC region lacks sustainable health system

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The current health services model in which the state shoulders most of the direct financial burden and other social costs is unsustainable in the long term, according to a paper presented during a Summit in Dubai. The Government Summit, the [...]

Investors see strong economic growth: BofA

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Confidence in a strong global economic outlook has consolidated while investors have indicated that they see support from current equity valuations after the recent rally, according to the BofA Merrill Lynch Fund Manager Survey for February. A net 59

UAE foreign exports reach $184.6b in 2012

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Foreign exports soared in the first eight months of 2012 with non-oil trade reaching almost $184.6 billion, up $19 billion against the same period in 2011, according to the UAE Federal Customs Authority. Export growth of 49% saw total exports [...]

60% welding industry in the UAE is still manual

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An industry expert has said that 60 per cent of the welding industry in the UAE is still manual, deploying machineries and technologies that are conventional and heavily dependent on human skills and consume more power. This revelation comes on [...]

Machinery worth Dh18b at display at Arabplast 2013

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Machinery worth over Dh18 billion brought into Dubai in 180 containers have been displayed at Arabplast 2013, the Middle East’s premier trade show for rubber, plastics and plastic processing, being held at the Dubai International Exhibition Cen

Middle East carriers’ passenger demand up 10.5%

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Middle East airlines’ passenger demand expanded 10.5% in November 2012 compared to November 2011, second best among the regions, continuing the exceptional growth throughout the year, according to the International Air Transport Association (IATA)

Bahraini court awards life term in rape, robbery case

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The High Criminal Court in its ruling in the case of rape and robbery suffered by lady in the area of Manama, where it condemned that the defendant was guilty and charged him with life imprisonment on charges of raping [...]

Security sans justice negates stability

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Security is not the only guarantor of stability and without justice there can be no freedom, and without freedom there can be no true security, His Royal Highness Prince Salman Bin Hamad Al Khalifa, the Crown Prince and Deputy Supreme [...]

Bahrain plans integrated health services

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has issued directives to build more health centres in Muharraq so as to create, along with the King Hamad University Hospital, an integrated health system that meets the present [

Bahrain’s parliamentary delegation to visit EU

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A Parliamentary delegation will pay an official visit to the European Parliament in March 2013 to discuss cooperation. Parliament Chairman Khalifa bin Ahmed Al-Dhahrani today confirmed the forthcoming visit, which followed an invitation from the EU P

Bahrain’s First distributes housing units to women

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Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, Wife of His Majesty the King and President of the Supreme Council for Women (SCW), patronized this morning the announcement ceremony of starting construction of the first model of Massakin

Bahrain unveils plans to preserve rich heritage

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Culture Minister Shaikha Mai bint Mohammed Al Khalifa during a Press conference at Bahrain National Museum underlined the importance of ongoing initiatives aimed at preserving the rich national heritage. She stressed that Manama Old Souq Facelift Pro

Bahrain defends its Human Rights record at UN

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Bahrain Permanent Representative to the Geneva-based UN Office and international organisations Dr. Yusuf Abdulkarim Bucheeri responded to the joint declaration presented by the Swiss ambassador on behalf of 44 countries. He criticized the statement w

CFA Institute launches Claritas programme

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CFA Institute announced the launch of the Claritas Investment Certificate (Claritas) programme. Claritas will complement CFA Institute’s existing CFA Program which awards the Chartered Financial Analyst (CFA) designation. However it will not focus

BMB distributes $20.7m to investors since 2009

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Bahrain Middle East Bank (BMB) announced the distribution of $1.46 million to its investors across various investment holdings for the quarter ending 31 December 2012, thereby taking aggregate total distributed since new management take-over in 2009

13 suspects face trial in car warehouse arson attack

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Thirteen suspects, four in custody and nine still at large, have been referred to the High Criminal Court for trial after investigations into an arson attack on a car warehouse, last November in Sitra, were completed by the Public Prosecution, [...]

Bahrain seeks better ties in banking and finance with UK

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His Majesty King Hamad bin Isa Al Khalifa, received at Al Sakheer Palace the Lord Mayor of London Alderman Roger Gifford, on visit to the Kingdom of Bahrain. HM the King praised the deep-rooted historic relations bonding both countries, especially [.

Netizen Holdings launches speeed.com

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In partnership with Netizen Holdings WLL; owner of a selection of internationally renowned websites and applications such as kooora.com one of the top sports’ websites worldwide, Speeed.com the new website specializing in automotive and motor sport

Jet Airways sells Heathrow slots to Etihad for $70m

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Etihad Airways on Wednesday said that it had concluded a transaction with Jet Airways to purchase the Indian carrier’s three pairs of Heathrow slots for $70 million. The purchase is part of a sale and lease back agreement signed on [...]

Gulf Air achieves ISO Certification

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Bahrain’s national carrier Gulf Air has begun the New Year with a major achievement by earning the prestigious ISO certification for its information security management system. By winning this global recognition, the airline has proved once again i

Tamkeen reaches out wider community segments

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As part of its community outreach initiative, representatives from Tamkeen visited Ebrahim Al-Doy Majlis and Al-Shakoora Youth Club where they explained to the attendees Tamkeen’s role in supporting enterprises and Bahrainis, and highlighted the va

Financial stock to tumble in 2013; likely to reverse 2012 gains

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Financial stocks will have a rough time in 2013, reversing the gains of 2012, according to Blackstone latest report. “Intense competition in commercial and investment banking, together with low trading volumes, puts pressure on profits. Layoffs con

EDB achieves a major success in attracting FDIs in 2012

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The Kingdom of Bahrain has continued to secure significant foreign investment throughout 2012, with forty international businesses establishing operations in the Kingdom as a result of direct outreach activities carried out by the Bahrain Economic De

BIA caters over 8.4m passengers in 2012

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Bahrain International Airport (BIA) reported a significant increase in passenger traffic with an 8.8% jump during 2012 in comparison with 2011. BIA registered 8,479,884 total passengers between January and December last year. “The healthy year-end

ABIB-eXtra joins hands for new promotion for Taqseet Card

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Al Baraka Islamic Bank (ABIB) launched new promotional campaign for Taqseet Card, which received a high demand from the public in collaboration with eXtra, the owning company of the largest and fastest growing Middle East retailer of electronic devic

British Airways welcomes New Year with special fares

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British Airways is getting the year off to a good start with special fares to Europe and North America from Bahrain. The sale, which runs until 31 January 2013, allows for travel from 8 January 2013 until 31 May 2013 [...]

BIGS: a window of opportunity to invest in agriculture sector

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The 9th Bahrain International Garden Show (BIGS) which opened on Wednesday is showcasing the huge potential of investments in agriculture sector of Bahrain and beyond. The 9th Bahrain International Garden Show (BIGS) opened on Wednesday and will last

Bahrain’s First Lady opens BIGS 2013

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Her Royal Highness Princess Sabeeka bint Ibrahim Al-Khalifa, wife of His Majesty the King and President of the Supreme Council for Women, also head of the National Initiative for Agricultural Development (NIAD) officially opened the ninth Bahrain Int

National Dialogue progresses in right direction

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The official spokesperson of the National Consensus Dialogue Isa Abdulrahman affirmed that the dialogue was progressing in a positive way and that there was a positive spirit along with agreement among participating sides. In response to reporters

Debate on finalising agenda for National Dialogue continues

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The fifth session of the National Consensus Dialogue has been held at Al-Areen Resort in Sukhair. “The participants have approved the format of the sessions in a bid to facilitate the multi-party dialogue,” Official Spokesperson Isa Abdulrahman s

Mechanism of legal framework for Dialogue discussed

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During the Wednesday’s session of the National Consensus Dialogue witnessed the presentation of a document, submitted by the coalition of societies, proposing mechanisms for the regulation and facilitation of the Dialogue process. ‪ The six socie

Iran sponsors terror cells in Bahrain: Minister

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The terror cell which had been busted by the security authorities in Bahrain has had direct links with the Iranian National Guards. It was revealed by the Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa during a meeting wit

A Bahraini Court awards 10-years jail to seven suspects

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The High Criminal Court issued a verdict for 20 suspects, including a Health Ministry employee. It sentenced seven convicts to ten years in Jail and acquitted 13, on charges of attempted murder of security officers in Sitra and setting ablaze [...]

Bahrain honours Istanbul Protocol

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The Public Prosecution organized a lecture on the investigation of torture allegations and cruelty in accordance with the Istanbul’s protocols, as part of the Bahrain Independent Commission of Inquiry (BICI) implementation of reforms. The lecture w

Autumn Fair attracts 20 countries

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The annual Autumn Fair 2013 will open on the morning of Wednesday, 23rd to 31st January 2013 at the Bahrain International Exhibition and Convention Centre. Held under the patronage of Dr. Hassan Fakhro, Minister of Industry and Commerce Chairman of [

Malaysia among world’s top retirement havens

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Making retirement plans soon and thinking of living overseas? Well, consider Malaysia as an exotic but highly affordable option. Malaysia has been recognised by InternationalLiving.com’s newly released annual global retirement Index 2013 as among t

Borouge eyes 700% increase in production capacity

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Borouge, a leading provider of innovative, value creating plastics solutions, will expand its production capacity under the “Borouge 3” project to reach 4.5 million tonnes by the end of 2013. Investment in this ambitious expansion project that wi

Bahrain Polytechnic to probe into financial scam

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Bahrain Polytechnic issued a statement in reply to what has been published in many local newspapers today regarding the recommendations of the parliamentary Financial and Economic Affairs Committee concerning irregularities included in the National F

HM King Hamad: Humanitarian Personality of the Year

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His Majesty King Hamad bin Isa Al Khalifa has won the title of Humanitarian Personality of the Year with absolute majority of votes in a recent poll conducted by the Kuwaiti daily newspaper (Al-Sharq) in which tens of thousands took [...]

370 delegates from 32 countries attend Manama Dialogue

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Over the years, the IISS Manama Dialogue has emerged as a vital platform for promoting international co-operation on matters of security and stability in this region, according to Dr John Chipman, Managing Director and CEO of the IISS. In his [...]

Palestine issue serves as a key in resolving all issues

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If we can solve the Palestine issue in the Middle East then we can solve all our problems in the region, according to Qatar’s Foreign Minister. Addressing the 8th IISS Regional Security Summit, the Manama Dialogue 2012 titled Priorities for [...]

Syrian conflict turns into a full-fledge war: US

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Charles Ruppersberger, Ranking Member, Permanent Select Committee on Intelligence, US House of Representatives, said that the Syrian civil conflict has transformed into a full out war. “We are in a pivotal time in the Middle East. We’ve enter

US warns of nuclear arms proliferation in Middle East

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Iran’s pursuit of a nuclear weapons capability, which continues to move forward despite sanctions and other disruptions, could finally be realized, setting off a nuclear arms race in this region, according the US Senator John McKain, said. Sena

US official slams Israeli settlement activities

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The Israeli settlement activity continues to corrode and undermine hopes for the only workable solution i.e. two states for two peoples, a viable Palestine and a secure Israel, a senior US diplomat said. Addressing the 8th IISS Regional Security Summ

Bahrain-France enjoys cordial, time-tested ties

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State Minister for Information Affairs, Samira bint Ibrahim bin Rajab, the government’s official Spokesperson, stressed deep-rooted relations between Bahrain and France and the kingdom’s keen interest to cement ties with countries all ove

Dialogue is the only option to reach consensus

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Foreign Minister, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, while addressing the 8th IISS Regional Security Summit, the Manama Dialogue 2012, reiterated the government’s strong belief in dialogue as the optimum way to solve problems and

IISS helps in addressing elvolving security challenges

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The Kingdom of Bahrain has been keenly aware of the importance of meetings such as Manama Dialogue in addressing the ever-evolving security landscape in the region, His Majesty King Hamad Bin Isa Al Khalifa, told the heads of the IISS [...]

Minister assures support to private sector

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Industry and Commerce Minister Dr. Hassan Fakhro confirmed government and Ministry keenness to encourage investors and support their efforts to revive the tourism and commerce sector in the Kingdom, referring in this regard to the large facilities pr

BJA attends AUJ meet in Cairo

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. The conference includes between 150 to 200 working members representing the journalists in 20 Arab countries, and observers from 15 international organizations interested in the press and freedom of opinion and expression, including the Arab League

Bahrain launches old age benefit cards

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Social Development Minister Dr. Fatima Mohammed Al Balushi in a press conference shed light on the procedures to be taken to issue the Elderly Card through which senior citizens enjoy a massive 50 per cent reduction of fees on a [...]

LG unveils its first OLED TV with curved screen

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LG Electronics (LG) demonstrated its continued OLED TV market leadership with a revolutionary curved model, the EA9800, shown for the first time here today at the 2013 International CES. Featuring proprietary WRGB technology, the incredibly thin disp

Merrill Lynch officials hold talks with Minister

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Industry and Commerce Minister Dr. Hassan Fakhro received Resident Director of Merrill Lynch Bank Johnathan Cross accompanied with Vice President Nitesh Agarwal. They discussed a number of issues related to economic matters and related to investment

Emirates further strengthens its sales position in Bahrain

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With the opening of the new state-of-the-art new customer sales offices in the financial district of Seef in Bahrain, Emirates is well positioned to serve the existing client base as well as to enhance its market share through a quality service. The senior team of Emirates which specially flew in to mark this occasion believes [...]

EWA hosts National Day programme

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Under the patronage of the Minister of Electricity and Water Affairs, Dr. Abdul Hussain Bin Ali Mirza, the Authority organized a ceremony coinciding with the country’s celebrations marking the National Day and the 13th Anniversary of His Majesty Ki

HM King holds talks with US General Martin Dempsey

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His Majesty King Hamad bin Isa Al-Khalifa, received Chairman of the Joint Chiefs of Staff US Army, General Martin E. Dempsey, and discussed with him regional developments, deep-rooted historic relations and means of promoting military cooperation. Hi

IAA reinstates 26 dismissed employees

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The Minister of State for Information Affairs and Government’s official spokesperson Samira Bin Rajab said that the dismissed government employees during the regretful incidents in the country during February and March 2011 have been reinstated

KFH-B CEO hosts employees at Durrat Al Bahrain

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KFH-Bahrain’s Social Committee organized a Family Fun Day Out at Durrat Al Bahrain for its employees and their families, with a variety of recreational programmes aimed to create a fun-filled atmosphere. They enjoyed tug of war, beach volleybal

Bahrain Ambassador to US hosts National Day reception

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Bahrain Ambassador to the United States Huda Nonoo hosted a reception at the Ritz Carlton Hotel in Washington marking Bahrain’s 41st National Day and the 13th anniversary of the anniversary of His Majesty King Hamad bin Isa Al-Khalifa. Senior U

Ruler of Dubai arrives in Bahrain

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His Majesty King Hamad Bin Isa Al Khalifa was at the forefront to receive his brother the UAE Vice President, Prime Minister and Ruler of Dubai His Highness Shaikh Mohammed Bin Rashid Al Maktoum upon his arrival to the Kingdom [...]

Capital Governor opens Bahrain Police Day programme

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Capital Governor, Shaikh Hesham bin Abdulrahman Al Khalifa, attended, in the presence of the Director-General of the Capital Governorate Police, a function marking the Bahrain Police Day. The event, held at the Seef Mall, was part of the Interior Min

Bahrain’s envoy in Japan hosts reception

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The Bahraini Embassy in Japan has hosted at the Empirical Hotel here a reception to mark the National Day and the 13th Anniversary of His Majesty King Hamad bin Isa Al Khalifa’s Accession to the Throne. Bahraini Ambassador to Japan [...]

All segments of society should be part of dialogue

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A spokesman for the Court of the Crown Prince has reaffirmed His Royal Highness Prince Salman bin Hamad Al-Kahlifa’s view that any future dialogue must represent all sections of Bahraini society. The comments follow His Royal Highness’s s

Bahraini Ambassador hosts national day event in Brussels

Published on 0000-00-00 00:00:00

Bahraini Ambassador to Belgium Ahmed Mohammed Yousif Aldoseri hosted a reception on the occasion of the National Day of the Kingdom of Bahrain and the Anniversary of His Majesty King Hamad bin Isa Al Khalifa’s Accession to the Throne. The [...]

Bahrain’s Ambassador in UK hosts National Day reception

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The Bahraini Ambassador to the UK Alice Thomas Samaan has hosted a reception to mark the National Day of Bahrain and the 13th Anniversary of His Majesty King Hamad bin Isa Al Khalifa’s Accession to the Throne. Guests, including Under-secretary [...

Countdown for 2013 F1 Gulf Air Bahrain Grand Prix

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With the official kick start of 60-day countdown for the region’s biggest sporting event the 2013 Formula 1 Gulf Air Bahrain Grand Prix, the Bahrain International Circuit is expecting 100,000 spectators during weekend of the event. The countdown wa

EK Kanoo: the best Cyclo distributor in region

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Ebrahim K. Kanoo, the sole distributor of Cyclo products in the Kingdom of Bahrain, on Monday honoured as being the best distributor of Cyclo by the Chairman of Cyclo, the US-based leading manufacturers of high quality products. EK Kanoo is [...]

Batelco to host Tech Show Expo

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Batelco, the Kingdom’s leading Communications Solutions provider has announced that it is hosting its first technology exhibition, Batelco Tech Show to give visitors from the youth segment an insight into the latest technologies from a variety of v

Batelco warns about hoax calls, messages

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Batelco, the Kingdom’s leading telecommunications provider, has issued a warning to its mobile customers to be on the alert regarding a spate of fraudulent calls and text messages informing them that they have won prizes including significant amoun

eGA signs agreement with VIVA for Bahrain.bh portal

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In line within its strategic objective to reinforce the partnership between the public and private sectors, the eGovernment Authority (eGA) announced a new collaboration with VIVA Bahrain through the launch of its prepaid broadband and mobile recharg

Al-Basta Market opens its doors for public

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Al-Basta Market, a joint initiative between Tamkeen and the Southern Governorate, is set to open its doors to the public on Friday 22nd February. The initiative aims to spur trade activity in the area by establishing a modern and fully-equipped [...]

Saudi hospitality sector set to reach $18b

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A rise in the number of pilgrims visiting the Kingdom for Hajj and Umrah, are boosting domestic tourism growth, with Saudi residents making 22.5 million overnight trips per annum. Tourism receipts for Hajj and Umrah currently account for around 3% [.

BIC plans open track day for Friday

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A full day’s programme of fun and excitement has been lined up for Bahrain International Circuit’s (BIC) Open Track Day, which takes taking place this Friday (February 24, 2012) at ‘The Home of Motorsport in the Middle East’ in Sakhir. In this widely popular event, members of the public will have the chance to take [...]

Cabinet backs call for National Dialogue in Bahrain

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The cabinet on Sunday during its weekly meeting chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa at Gudaibiya Palace hailed the royal call to resume the National Consensus Dialogue to tackle political issues and build

BIA welcomes over 20,000 fans during Gulf Cup

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Bahrain International Airport (BIA) reported a significant increase in passenger traffic during the Gulf Cup Tournament 2013 which is the biennial Football competition for the Arabian Gulf nations held between 4th and 18th January. More than 20,000 f

Commercial real estate market to reach $1t

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With Asia Pacific region leads investment growth since crisis, the commercial real estate direct investment volume set to be doubled to $1 trillion by 2030, according to a new report by Jones Lang LaSalle. A new report by Jones Lang [...]

Bahrain offers attractive investment climate

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The Kingdom of Bahrain with a strategic location offers attractive investment environment in addition to infrastructure, alluding to the role of global investments institutions in enhancing the national economy, the Minister of Industry and Commerce

BHB and CFA host course on ethical investment

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Bahrain Bourse (BHB) organized a course on Ethical Decision Making In Investment and was attended by 40 participants from listed companies. The Ethical Decision Making course, conducted by Michael McMillan, CFA, Director of Ethics and Professional St

SIU reveals details of death of an 8-year old child

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Special Investigations Unit (SIU), Head Nawaf Abdullah Hamaza, on Sunday said that the public prosecution was alerted by the Exhibition road police station that a female citizen had reported the death of her 8-year-old child due to inhaling tear gas

Tamkeen forms strategic partnership with Aon Hewitt

Published on 0000-00-00 00:00:00

Tamkeen formed a strategic partnership with Aon Hewitt, the global human resource consulting and outsourcing solutions business of Aon Corporation, to launch a pioneering research initiative, Qudurat, within Bahrain’s private sector. Qudurat has been conceptualized by Aon Hewitt to be the first and largest research study of its kind in the GCC, dedicated to the [...]

Need to balance between oil and renewable energy

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Despite the GCC accounts for around 54% of the world’s conventional oil reserves and around 40% of global natural gas reserves, the inevitability of our one day reaching a peak oil stage is undeniable, making the search for renewable and [...]

Bapco’s WWTP project completes 1m man-hours sans a single LTI

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Employees of BAPCO and contractors working on the Waste Water Treatment Plant Project (WWTP) completed one million man-hours without a single Lost time injury (LTI). This is an outstanding worth commending achievement especially since a project of this kind involves handling and management of additional hazards and other environment issues. Despite these challenges, the project [...]

Abraaj Group appoints new MD

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The Abraaj Group, a leading private equity investor operating in global growth markets, announced the appointment of Sarah Alexander as a Managing Director. Alexander joins the Group from the Emerging Markets Private Equity Association (EMPEA), where

PMU organises a workshop

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Prince Mohammad Bin Fahd University (PMU) hosted the first Prince Naif Chair for Youth Development Workshop in its campus. Vice Rector for Business Affairs and Development, Dr. Adel Al-Saleh welcomed participants from KSA universities and secondary schools. Focused on awareness about new methods and techniques applied to enhance skills in youths, this workshop had orientation [...]

KSAALT hosts annual conference

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The Kingdom of Saudi Arabia Association of Language Teachers (KSAALT) held the 3rd Annual Mini Conference under the auspices of Prince Mohammad Bin Fahd University (PMU) in Holiday Inn Resort, Al- Khobar. Language educators from around the Kingdom participated in it. This one-day conference themed at “Effective Teaching in the ESL Classroom,” welcomed more than [...]

UK perception gets more clearer about Bahrain

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Advisor to His Majesty the King for Diplomatic Affairs and President of the Bahrain Centre for Strategic and International Studies and Energy, Dr. Mohammed Abdul Ghaffar stressed that the British’s view of events in Bahrain has changed after understanding the reality of the situation, stressing that the British Government doesn’t support violence. In a statement [...]

Alpen Capital among top 100 companies

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Alpen Capital was honoured as one of the top 100 companies by World Finance in their 2013 World Finance 100 list. The World Finance 100 celebrated those who have reached the pinnacle of achievement across a wide variety of fields [...]

UAE-Iraq vying for 21st GCC Cup title

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The 21st Gulf Cup final between the UAE and Iraq will be “the best match of the tournament”, according to the opposing national teams’ head coaches. UAE tactician Mahdi Ali and Iraq coach Hakeem Shaker expressed similar opinions abo

Qatar Airways grounds its Boeing 787 fleet

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Following instructions by both the Federal Aviation Administration (FAA) in the United States and Qatar’s Civil Aviation Authority, Qatar Airways is implementing the Airworthiness Directive issued by the FAA for all operators of the Boeing 787

Dr Mirza holds talks with Baker-McKenzie officials

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Minister of State for Electricity and Water Affairs, Dr. Abdul Hussein bin Ali Mirza, received in his office the legal advisor of and partner in the London-based Baker-McKenzie Legal Consultancy, Marc Vive-Ray accompanied with the company’s Bah

GCC banks’ loan portfolio to surge in 2013: Fitch

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The outlook for most banks in the Gulf Cooperation Council (GCC)/Middle East region is stable, largely driven by the probability of sovereign support, according to Fitch. Fitch expects loan growth to increase in 2013, as confidence improves and infra

Iran’s Nuclear Programme remains suspicious: British Ambassador

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The British ambassador in the Kingdom of Bahrain Iain Lindsay said that his country remained suspicious about the Iranian nuclear ambitions. The Ambassador also accused Iran of supporting terrorism, and seeking to destabilize the region through Hezbollah and vassal militias in Iraq and pinpointed Iran’s negative role in Afghanistan in addition to violation of human [...]

Pankooshis conducts Juice Fest

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The Organics Cafe and Pankooshi’s Weight Loss Center held ‘Juice Fest’ at the Organics Café’s premises in Seef Mall on Saturday. Budoor Al Ansari, owner of Pankooshi’s, Bahrain’s first weight loss and detox resort spoke about the

AfDB issues pricing for $1b global benchmark issue

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The African Development Bank, AfDB rated Aaa/AAA/AAA, priced a $1 billion fixed rate US Dollar Global benchmark due 15th March 2018. The deal pays a coupon of 0.875% and a spread of 5 basis points over Mid-Swaps, equivalent to 20.45 [...]

Gulf Air reopens voluntary retirement scheme

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Gulf Air on Saturday announced the re-opening of the Voluntary Retirement Scheme (VRS) for employees offering an enhanced benefits package. The move follows a series of high-level discussions involving the airline’s board of directors and managemen

Etihad reports profit second year in a row

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Etihad Airways, the national airline of the United Arab Emirates, was profitable again in 2012. The airline’s President and Chief Executive, James Hogan, made the announcement during his keynote address at the Global Airfinance Conference in Dublin

Global economy to remain stalled in 2013

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Only 36% of CEOs worldwide are ‘very confident’ of their company’s growth prospects in the next 12 months, according to PwC’s 16th Annual Global CEO Survey. That’s down from 40% who were ‘very confident’ of short term growth

Expo City will reshape Bahrain’s MICE sector

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The planned state-of-the-art Expo City in Sakhir will enable Bahrain to host mega events as part of the Kingdom’s strategy to become hub of MICE in the region, a senior Minister revealed on Wednesday. Minister of Industry and Commerce Dr. [...]

EMEA corporates to limit cash erosion in 2013

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EMEA corporate issuers will focus on measures to limit cash erosion in 2013 as challenging market conditions continue, Fitch Ratings says. Defensive tactics will include limiting spending on expansionary capex, dividends and M&A, with issuers primari

Alpen Capital unveils Burj Khalifa structure

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Alpen Capital partnered with Dubai Cares to unveil a very limited miniature structure of the world’s tallest monument, The Burj Khalifa, called the “Burj of Giving”, at a special ceremony organized in partnership with The Ara Gallery and Emaar

Manchester United stars at Commercial Bank Qatar Masters

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Wayne Rooney, Ryan Giggs and Paul Scholes were among a group of Manchester United players watching some of the world’s top golfers in the first round of the Commercial Bank Qatar Masters. The English football giants have been training at [...]

SPE Middle East UGAS will open in Muscat

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The 2013 SPE Middle East Unconventional Gas Conference and Exhibition (UGAS) will take place 28−30 January 2013 at the Al Bustan Palace in Muscat, Sultanate of Oman. After three successful events in the Middle East, the fourth unconventional gas ev

UK welcomes Bahrain’s national dialogue call

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Foreign Office Minister for the Middle East and North Africa, Alistair Burt encouraged all sides to seize opportunity for genuine dialogue in Bahrain. “I welcome the announcement by the Government of Bahrain that the Minister of Justice will be mee

Huawei invests $28m in Bahrain regional office

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Huawei, one of the 500 largest companies in the world, chosen Bahrain as its regional headquarters, it currently has 500 employees and has invested $28 million in its Bahrain office. The company also has further plans to expand operations in [...]

Batelco unveils new contact centre

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Batelco, the Kingdom’s leading telecommunications company, in line with its ongoing commitment to enhance its customers’ communication experiences has invested in a powerful new operations platform for its Contact Centre. The new system offers fa

Ithmaar merges with First Leasing Bank

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Bahrain-based Islamic retail bank, Ithmaar Bank, announced on Saturday that it had merged with one of its Bahrain-based associates, First Leasing Bank. The merger, which increased Ithmaar Bank’s paid up share capital to $758 million, enhances Ithma

BMI Bank signs BD5m financing facility with Majaal

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A Bahrain-based retail and commercial banking major, BMI Bank, signed BD5 million financing agreement with Majaal Warehouse Company (Majaal), the leading provider of warehousing and industrial facilities for Small to Medium sized Enterprises (SMEs) i

Bahrain Duty Free net profit up 17% to BD 6.4m

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Bahrain Duty Free Shop Complex BSC (BDFS) reported a net profit attributable to its equity shareholders of BD 6.4 million for the year ended 31 December 2012. This represents an increase of 17.4% over 2011. Total revenue grew by 2.7% [...]

Silah Gulf launches new e-Commerce solution

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Silah Gulf (Silah), a multi-award winning business process outsourcing (BPO) and customer experience provider serving the GCC region, has launched a new e-Commerce solution. Silah now offers the ability to conduct secured transactions ranging from bi

Bapco honors reverse osmosis plant team

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The Bahrain Petroleum Company (Bapco) is treading on the path of awarding its employees for their great efforts and encourages them to present more. The Refining, Maintenance and Engineering Divisions honored Reverse Osmosis (RO) Plant team to recogn

Tenmou extends support to start-up businesses

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Tenmou, Bahrain’s first business angels, has announced details of three more start-ups who have received an investment boost to commence full business operations. The announcement was made by Sami Jalal, the Chairman of Tenmou, at a media roundtabl

KFH-B hails HM King’s support to Joint Arab Bourse

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Kuwait Finance House – Bahrain (KFH-B) extended its gratitude to His Majesty King Hamad bin Isa Al-Khalifa, on his initiative of hosting the headquarters of the Joint Arab Bourse and granting a plot of land to construct the planned HQ [...]

Communications guru, John Gray to visit Bahrain

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Decision makers and the businesses community in Bahrain will have the opportunity in February to meet with the very famous US author who wrote about the relations between the men and women in the workplace. Dr. John Gray, the author [...]

A Bahraini stands trial for attacking Police Station

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A Bahraini accused of attacking Sitra Police Station appeared before the High Criminal Court on December 30, 2012, to face charges. “Ahmed Ridha Ahmed Humaidan was arrested a day earlier (December 29, 2012) at City Centre”, Central Governorate Ch

Ban Ki-moon welcomes Bahrain’s dialogue initiative

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Ban Ki-moon, the UN Secretary-General welcomes the initiative of King Hamad bin Issa Al-Khalifa of Bahrain to convene a political dialogue and the affirmative response from six opposition societies and other societies. The Secretary-General has consi

Garcia, Kaymer shine at Commercial Bank Qatar Masters

Published on 0000-00-00 00:00:00

Spanish legend Sergio Garcia shot a bogey-free six-under-par 66 to share the halfway lead in the Commercial Bank Qatar Masters with German star Martin Kaymer, Marcus Fraser of Australia and Ricardo Santos of Portugal. Kaymer and Fraser each shot 67 [

Lahore Grammer School presents a theatrical performance

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The Embassy of Pakistan in Bahrain presented a theatrical performance titled “Earth in Water, Water in Earth” with collaboration of Lahore Grammar School, Pakistan at the National Museum Cultural Hall. Shaikha Hind Bint Salman Al Khalifa Presiden

Ban Ki-moon calls for action to save innocent lives in Syria

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Ban Ki-moon, the UN Secretary-General, on Thursday called upon the global community to act decisively to stop the ongoing bloodshed in Syria where death toll had already reached over 60,000 since the uprising. In his address at World Economic Forum [

Team Golf edge Al Sadd in Commercial Bank Qatar masters

Published on 0000-00-00 00:00:00

Henrik Stenson and four fellow European Tour golfers edged Al Sadd youngsters 8-7 in a fun-filled football penalty shootout after Thursday’s second round of the Commercial Bank Qatar Masters at Doha Golf Club. Stenson and fellow Swede Alexander Nor

SCW unveils Women Development Strategy for 2013-22

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His Majesty King Hamad bin Isa Al Khalifa received at Sakhir Palace, the King and President of the Supreme Council for Women (SCW) Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, SCW members and the Secretary-General of the Council’

HM King lauds role of talented Bahrainis

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His Majesty King Hamad bin Isa Al Khalifa received at Sakhir Palace the Chairman of the Supreme Council for Youth and Sports and President of the Bahrain Olympic Committee Shaikh Nasser bin Hamad Al Khalifa who introduced to His Majesty [...]

Bahrain celebrates Eid Milad-e-Nabi

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The Kingdom of Bahrain on Thursday joined the Islamic Nation in celebrating the Prophet’s birthday (PBUH). The directorate of Religious Affairs, an offshoot of the Ministry of Justice, Islamic Affairs and Endowments, hosted an annual ceremony i

Combined revenues of top 20 money league clubs reach $6.1b

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The combined revenues of the world’s 20 highest earning football clubs have grown 10% on the previous year to reach €4.8billion ($6.1billion) in 2011/12, according to the 16th edition of the Football Money League from Deloitte, the business advis

Etihad Airways employ 41 Omani nationals

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Etihad Airways, the national airline of the United Arab Emirates, has welcomed 41 Omani Guest Service Agents to its Airport Operations Department as part of its on-going recruitment drive in Oman launched in 2012. Guest Service Agents are responsible

Bahrain hosts GCC met and climate change conference

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The Ministry of Transportation Civil Aviation Affairs Meteorological Directorate today kicked off the Third Meeting of the GCC Standing Committee on Meteorology and Climate Change, hosted by the Kingdom of Bahrain. The meeting held over two days from

London Olympics boost 14% revenues of UK businesses

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UK organisations reporting a growth in business since the London 2012 Olympic and Paralympic Games say they boosted revenue by an average of 14 per cent. Those who expect that to carry over into 2013 also predict an 11 per [...]

International Peace Institute to open office in Bahrain

Published on 0000-00-00 00:00:00

The International Peace Institute (IPI) announced to open an office in the Kingdom of Bahrain. Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al-Khalifa on Thursday signed an agreement in this regard with IPI President Terje Rod-Larsen. The mi

A Bahraini Court jails Cop for seven years

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Chief Prosecutor, Head of the Special Investigation Unit, Nawaf Abdullah Hamza stated that the third high criminal court has issued its ruling to punish the accused policemen to seven years in prison in a case of beating to death of [...]

GCC economies remain unaffected despite economic upheaval

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Despite the world’s financial crisis, economic growth in the GCC countries surged from 4.2% in 2010, to 5% in 2011, thanks to the strong economic fundamentals of the regional states, according to the Advisor to His Majesty the King for Diplomatic Affairs and BCSISE President Dr. Muhammad bin Abdul Ghaffar. Quoting report he said the [...]

LG Electronics to roll out OLED TV

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LG Electronics (LG) will begin accepting pre-orders for its eagerly-awaited 55-inch class (54.6-inch diagonal) WRGB OLED TV (Model 55EM9700) in South Korea this month with deliveries scheduled to begin next month. Other markets where the revolutionar

Bahrain-Oman draws in opening match of Gulf Cup

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Bahrain on Saturday evening drew with Oman 0-0 in the opening match of the 21st Gulf Football Cup which opened at the Bahrain National Stadium and runs until January 18. Both teams secured one point each in the match was [...]

Capital Governor opens Photography/Arts Competition

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The Governor of the Capital Governorate, Shaikh Hisham bin Abdulrahman Al Khalifa, inaugurated constituencies in the Photographic Arts Show/Contest organized by Ras Ruman Youth Center in association with al-Najma Sports and Cultural Club themed (Mana

BMI Bank offers $1.8m awards through Ayadi

Published on 0000-00-00 00:00:00

Following the unparalleled success achieved by Ayadi Savings Scheme in 2012, BMI Bank has enhanced Ayadi Saving’s scheme with an increased prize pool of $1.8 million in 2013. With the new revamped prize structure, BMI Bank’s Ayadi Savings Scheme

Bahrain remains an oasis of security: HRH PM

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His Royal Highness, Prime Minister Prince Khalifa bin Salman Al Khalifa, has affirmed that Bahrain has been, and will remain an oasis of security and stability thanks to the government’s sound policies to maintain law and order through providin

Batelco Group’s customer base up 18% to 7.8m in 2012

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Batleco Group reported a healthy growth in its customer base of 18% in 2012 across six markets where it operates. EBITDA for the year was BD101.8million, representing 33% margin, versus EBITDA of BD126 million for 2011. The decline was attributed [..

Oman as preferred investment destination

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Thomson Reuters, will discuss Oman’s leading position as a preferred investment destination for Sukuk during an upcoming forum set to take place under the patronage of the Capital Market Authority of the Sultanate of Oman (CMA) on February 24, 2013

MENA IT market set to reach $38b

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Dubai Internet City (DIC), the MENA region’s largest ICT hub, pledged its support to the foremost gathering of CIOs and senior IT executives in the region, the 6th IDC CIO Summit. DIC, home to more than 1,400 companies from all [...]

Authorities confirm arson attacks on ATM, four showrooms

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A bomb went off on Monday at a commercial bank’s ATM in Sanad, Central Governorate Public Prosecution Chief Ali Al-Shewikh said, adding that initial investigations, based on eyewitnesses, revealed that the perpetrator was disguised in a woman&#

BKIC posts BD4.2m net profit for 2012

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Abdulla Buhindi Chairman of Bahrain Kuwait Insurance Company (BKIC) announced that the board of directors has proposed a cash dividend of 30% (30 fils per share) to the shareholders subject to the approval at the Annual General Meeting. “BKIC has [

SICO’s net profit up 500% to BD2.74m in 2012

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Bahrain-based regional investment bank, Securities and Investment Company (SICO), said that its net profit grew more than five-fold to BD2.74 million in 2012 compared to BD488000 in 2011. SICO said its operating income increased to BD 7.35 million (2

The Sharjah Light Festival 2013 kicks off

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The Sharjah Light Festival 2013 kicks off with sparkling display at the opening ceremony held under the patronage of Dr Sheikh Sultan Bin Mohammed Al Qasimi, member of supreme council and Ruler of Sharjah, formally giving green light to nine [...]

UAE becomes first country to export dairy products EU

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The Emirates Industry for Camel Milk and Products (EICMP), producer of the leading camel milk products ‘Camelicious’, announced that the UAE and Dubai have received final approval from the European Commission as per Commission Regulation (EU) No

Bahrain’s economic outlook remains positive

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With the positive financials reported by the major banking institutions, the economic outlook of Bahrain is likely to be positive in 2013, thanks to the robust economic indicators, a top official at the BMI Bank on Wednesday, said. Jamal Al-Hazeem [.

Construction boom to continue in oil-rich MENA

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The oil-rich MENA construction sector will continue to be supported by government spending with another year of solid economic performance ahead for the region’s oil exporters rated by Fitch (Bahrain, Kuwait and Saudi Arabia and the two members

Ithmaar Bank Bahrain wins UN award

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Ithmaar Bank helped earn the Kingdom of Bahrain pride of place among the world’s most technologically developed countries by winning a prestigious United Nations (UN) based award. Bahrain is the only country in the Gulf Cooperative Council (GCC) re

Big data to drive $34b in IT spending globally

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Big data is forecast to drive $34 billion of worldwide IT spending in 2013, according to EMC and IDC, meanwhile, the ‘digital universe’ will reach 40 zettabytes (ZB) by 2020, an amount that exceeds previous forecasts by 5 ZBs, resulting [...]

BKIC scoops Institutional Excellence Award 2013

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Major achievements, innovations and excellence in the regional insurance industry were recognised at the 9th Annual Middle East Insurance Forum (MEIF 2013) award ceremony held yesterday at the Gulf Hotel in the Kingdom of Bahrain. The annual MEIF Ins

Bapco refinery crude run hits new record

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Bapco Refinery achieved a record monthly crude run in January 2013. The Refinery achieved the highest average monthly record of 271,800 barrels per day of crude run, surpassing its previous highest record of 271,300 barrels per day in November 2011.

Bapco achieves 1m employee hours without LTI

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Proving its strong safety standards and safety first culture, Bapco employees and contractors have achieved another milestone in vocational safety by completing a total of one million employee-hours without a Lost Time Injury (LTI) on Thursday 31 Jan

LCF announces Zain Rising Stars evening

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This year, LCF with the support of Zain Telecom, through its “RISING STARS” programme of networking events is helping to inspire school leavers and undergraduates to consider a more entrepreneurial approach to entering the work market. En

Michael W Smith to perform in Bahrain

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Michael W Smith will perform in Bahrain in an event dubbed as “one voice-a prayer for peace” and organized jointly by the Christian community in Bahrain and Ta’Ayoush-Bahrain Society of Tolerance and Coexistence of Religions. The concert is sch

BFX cumulative trading turnover tops $52b mark

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The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, on Sunday said that it has achieved a major milestone with its total cumulative trading turnover crossing the $50 billion mark on

Cabinet condemns the acts of sabotage, violence

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The Cabinet has condemned in the strongest terms the terrorist practices undertaken by some saboteurs and denounced the attempts to escalate and instigate violence, noting that the use of force and firearms to attacks security forces is alien to the

Thwart attempts of division of society: HRH PM

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received at Gudaibiya palace senior officials, in the presence of Chairman of the Supreme Council for Islamic Affairs Shaikh Abdulla bin Khalid Al Khalifa, Speaker of the Represen

Scores of people attend funeral of policeman

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Thousands of citizens and residents led by Minister of Interior, Shaikh Rashid Bin Abdullah Al Khalifa, Minister of Justice, Islamic Affairs and Endowments, Shaikh Khalid Bin Ali Al Khalifa, Governor of Southern Governorate, Shaikh Abdullah Bin Rashi

HM Majesty visits Bahrain Royal Air Force HQs

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His Majesty King Hamad bin Isa Al-Khalifa, the Supreme Commander, visited the Royal Bahraini Air Defence Force (RBADF) and was received by BDF Commander-in-Chief Marshal Shaikh Khalifa bin Ahmed Al-Khalifa. HM the King inspected the Guard of Honour a

Investigation in Salmabad explosive factory case conclude

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Senior Public Attorney Abdurrahman Al-Sayyed stated that the Public Prosecution has completed investigations regarding the annals of discovering the explosives factory in Salmabad area and some accomplices who had manufactured and used explosives in

Bahrain-Thailand enjoys friendly ties: HRH Premier

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, who received at his court the Vice President of the Senate of Thailand Surachai Liengboonlertchai, lauded the fruitful relations bonding the two friendly countries at all levels

Bahrain offers unparallel advantages to businesses

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The Kingdom of Bahrain, a banking and financial centre in the Middle East, offers unparallel advantages to the investors, new businesses, thanks to the strong fundamentals and advanced infrastructure. This was the crux of the discussion during the qu

80% of Cos in region to focus on innovation

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Companies in the region are more inclined than ever to adopt innovation in order to achieve business goals and growth sustainably, according to PwC’s Middle East Innovation Survey. The survey revealed that there is a clear call for organizations to

Lord Malloch-Brown to open Euromoney Bahrain Conference

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Euromoney Conferences have announced two international speakers will be joining the line-up of participants in the up-coming Euromoney Bahrain Conference 2013. The conference will take place at the Ritz Carlton Hotel and Spa on the 5th and 6th of Mar

Bahrain joins growing band of GAC Trace-certified Cos

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Leading shipping and logistics company GAC Bahrain has become the latest GAC Company to have its commitment to ethical business practices confirmed with certification by TRACE International. TRACE International Inc. is a non-profit membership associa

Gulf economies upbeat on growth sans structural changes

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The Gulf economies remain insulated from economic and political turbulence in the broader MENA region, and globally, according to Standard & Poor’s Ratings Services. This is the crux of a report titled “The Gulf Economies Are Going Strong

Fitch affirms SEC at AA- with outlook stable

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Fitch Ratings has affirmed Saudi Electricity Company’s (SEC) long-term issuer default rating (IDR) and senior unsecured rating at AA’. The outlook on the long-term IDR is stable. Fitch has also affirmed SEC’s Sukuk issues at AA-.

KFH-B and SIO to offer loans at competitive rates

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A memorandum of understanding (MoU) was signed between Kuwait Finance House – Bahrain (KFHB) and the Social Insurance Organisation (SIO) to provide government employees with shari’a compliant financing facilities. “The aim of the agreement is t

Over-regulation, central banks fails to fix economies

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Increasing financial-market regulation and state intervention in the banking sector are not a lasting answer to the 2008 financial crisis, according to a report. “Over the last four years, for example, internationally operating banks have had to in

Mobile telephony poses serious security threats

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Executives at the world’s largest Technology, Media and Telecommunications (TMT) companies have replaced compliance with implementing a 2013 security strategy and roadmap as the number one driver for improving information security, according to the

GIB yearly net income up 13% to $117.9m

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Gulf International Bank (GIB) recorded consolidated net income after tax of $117.9 million being $13.4 million or 13 per cent up on the prior year. Net income after tax in the fourth quarter was $20.9 million compared to $19.9 million [...]

Fitch affirms SHB at A- with outlook stable

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Fitch Ratings has affirmed Saudi Hollandi Bank’s (SHB) long-term issuer default rating (IDR) at A- with a stable outlook and viability rating (VR) at bbb. SHB’s IDRs, Support Rating and Support Rating Floor reflect Fitch’s view that

African property markets poise for strong growth

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Demand for high quality commercial and residential property continues to grow across Africa on the back of the continent’s sustained strong economic growth and rising wealth, according to Knight Frank’s newly released Africa Report 2013. Africa i

Shaikh Khalid chairs GCC FM’s meeting today

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Under the Chairmanship of the Foreign Minister, Shaikh Khalid Bin Ahmed Bin Mohammed Al Khalifa, GCC foreign ministers will hold their complementary meeting in its (125) session tomorrow evening, Sunday 23 December 2012, at Ritz Carlton Hotel, to pre

Yemeni Foreign Minister arrive ahead GCC Summit

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Yemeni Foreign Minister Dr Abu Bakr Al-Qirbi arrived in Bahrain to attend the joint GCC-Yemeni ministerial meeting, scheduled to be held tomorrow (Sunday). He was welcomed on his arrival by Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al-Kha

Omani Foreign Minister arrives in Bahrain

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Omani Minister Responsible for Foreign Affairs, Yusuf bin Alawi bin Abdullah, arrived in Bahrain to attend the 125th complementary ministerial meeting, ahead of the 33rd GCC Summit, scheduled to be held on Monday and Tuesday December 24-25. He was we

BMB repays $17.4m legacy obligation

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Bahrain Middle East Bank on Sunday announced the full repayment of $ 17.4 million legacy debt obligation, with interest, as inherited by the present management who took charge of the institution’s affairs in early 2009 “The Bank’s journey of re

Alba sets a new production record in 2012

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Aluminium Bahrain (Alba) said that it had achieved another landmark by setting the record in production in 2012 with production reaching 890,217 metric tonnes per annum (mtpa), up 8,907 metric tonnes from the 881,310 mtpa produced in 2011. A ceremony

Amex launches major promotion for UAE

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American Express Middle East announced details of the second edition of its highly successful “Experience UAE” campaign, offering Card members in the UAE a wide range of benefits and privileges simply by using their American Express Card. Running

Arab region needs 22,000 jobs per day

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The Arab world must add 22,000 new jobs per day until 2020 and manufacturing is a key sector which can accelerate the growth and development needed to tackle this challenge, according to the IMF study. The MIT Arab Alumni Association [...]

Mountain Dew launches Loyalty Card

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Mountain Dew has launched one of the most innovative consumer-loyalty programmes in the region. In line with the brand’s initiative to encourage people to live freer, take risks, have fun and live their lives to the fullest, Mountain Dew has [...]

Global plastic consumption to reach 540m tons

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The world will consume 540 million tons of plastic in 2020, according to the organizers of Arabplast 2013, the Middle East’s premier trade show for rubber, plastics and petrochemicals. The figure was only 7 million tons in 1960, 196 million [..

Bahrain plans speedy licences for businesses

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has instructed all concerned sides to adopt measures and decisions that can attract more investments into the kingdom, especially regarding speedy completions of transactions and

Bahraini MP gets elected to Arab League top slot

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Bahrain’s MP Dr Abdulnasser Janahi was selected Secretary General of the Arab Parliament during the 9th Parliament’s Office meeting held at the Arab League headquarters yesterday. Arab Parliament president Ahmed Mohammed Al Jarwan said ca

Saboteurs attack 87th school in Bahrain

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A group of saboteurs have broken into Tubli Primary School for Girls and destroyed several equipment. “The latest attack brings the number of targeted schools to 16 since the beginning of the new academic year”, the Ministry of Education said [..

ALESCO honours Bahrain’s Education Minister

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On the sidelines of its 21st General Conference, held here recently, the Arab League Educational, Cultural and Scientific Organisation (ALECSO) honoured Education Minister Dr. Majid bin Ali Al Nuaimi in recognition of the tremendous efforts he exerte

UN Special Rapporteur on torture delays visit to Bahrain

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The Special Rapporteur on torture and other cruel, inhuman or degrading treatment or punishment at the UN Office of the High Commissioner for Human Rights has requested to postpone a visit to Bahrain in February, 2013, at the invitation of [...]

Palestine marks 48th anniversary of Revolution

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A ceremony marking the 48th anniversary of the Palestinian Revolution was held today. The Palestinian Embassy initiated the event in the presence of officials representing the Ministry of Foreign Affairs, the United Nations, the Parliament, the Shura

Telecom Minister commends technical staff efforts

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Minister of State for Telecommunications Shaikh Fawaz bin Mohammed Al-Khalifa honoured the technical affairs and operations director Mohammed Tayeb Mahmoud and Telecommunications Regulatory Authority (TRA) legal affairs officer Ahmed Abdulla Al-Absi

Vacancies Bank posts 9100 jobs in 2012

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Labor Ministry Undersecretary, Sabah Al-Dossary, announced that the 10th Job Market Show due to be launched this morning will provide 2400 new job opportunities for jobseekers, pointing out that the total number of vacant jobs available on the Vacanc

Physical disability can’t eclipse talent

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Minister of State for Information Affairs, Samira Ibrahim Bin Rajab met with Shura Council member, Munira Isa Bin Hindi, and the Director General of “Shiraiba” for media services, technical production and distribution, who presented a copy of the

Religious leaders should play a positive role

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Interior Minister Lieutenant General Shaikh Rashid bin Abdullah Al Khalifa in the presence of the Public Security Chief, held talks with religious scholars and clerics led by Shaikh Ibrahim bin Abdullah Al Sa’ad. He welcomed them, thanking them

Over 2400 new job opportunities for Bahrainis

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Labour Minister Jamil bin Mohammed Ali Humaidan, who opened the 10th Career Expo at Hamad Town Secondary School for Girls on Tuesday, highlighted the importance of new job opportunities for Bahrainis which estimated at 2400. The three-day exhibition

HM King Hamad gets briefing on e-Royal Family Tree

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His Majesty King Hamad bin Isa Al Khalifa visited Shaikh Salman bin Ahmed Al Fateh Fort in Riffa, accompanied by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa and His Royal Highness Prince Salman bin Hamad Al-Khalifa, [...]

International Conference on Sickle Cell opens in Bahrain

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A world sickle cell conference opened in Bahrain under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al-Khalifa. The three-day global health event, the first of its kind in the Middle East, will run until Thursday [...]

A banker remanded in custody for stealing BD90,000

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A bank employee, accused of siphoning of BD 90,000, has been remanded in custody for seven days pending investigation. “The suspect stands accused of stealing over BD90000 from the ATM machine of the bank branch where he works,” Muharraq Acting [

SIU investigates 35 cases of deaths of 2011

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As part of ongoing process on implementing the recommendations of BICI Report with regard to 2011 unrest, the Special Investigative Unit said that it had initiated investigation into 35 deaths related to 2011 unrest. SIU said that it had also [...]

BMI Bank swings back into profitability in 2012

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Bahrain-based BMI Bank retail and commercial banking institution swung back into profitability after five years announcing a net profit of $1.3million for the fiscal year ended 31st December 2012 as compared to a net loss of $9 million during the [..

Dr Zakriya Hijres becomes CEO at GBCORP

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Global Banking Corporation (GBCORP) announced the appointment of Dr. Zakaria Ahmed Hejris as Chief Executive Officer. Dr. Zakaria holds a Ph.D. in Economic Development from the University of Durham, United Kingdom. He also obtained a Master’s D

Batelco Group reports BD60m net profits for 2012

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Batelco Group, the regional telecommunications operator of reference with operations across six countries, reported sound financials for 2012 with net profits of BD60million and gross revenues of BD304.7million. The board of directors recommended cas

Insurance sector’s gross premiums reach BD184m in Q3

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The Central Bank of Bahrain (CBB) on Tuesday said the Bahrain insurance market posted a growth during the third quarter of 2012 with gross premiums increasing around 9 per cent over the same period of 2011 to register BD184.11 million [...]

HM King Hamad lauds role of both houses of parliament

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His Majesty King Hamad bin Isa Al Khalifa received at Sakhir Palace the Speaker of the Representatives Council Khalifa bin Ahmed Al Dhahrani and the Chairman of the Shura Council Ali bin Saleh Al Saleh their deputies and the Representatives [...]

24 suspects face trial for murdering a policeman

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The first attorney Abdulrahman Al Sayed said that the Public Prosecution had completed its investigations in the case of the murder of a policeman and attempted murder of another that took place October 2012 in Eker area. The public prosecution [...]

Italian opera Rigoletto enthrals audience at National Theatre

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The Bahrain National Theatre presented to its audience the famed Italian opera, Rigoletto as the first event of Manama being the Capital of Arab Tourism 2013. The Minister of Culture Shaikha Mai bint Mohammed Al Khalifa, who attended the event, [...]

HM King Hamad receives NATO delegation

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His Majesty King Hamad bin Isa Al Khalifa received at Sakhir Palace the British ambassador to Bahrain Iain Lindsay accompanied by a parliamentary delegation from the military and security affairs committee at NATO led by Sir John Stanley on the [...]

Seef Mall brings National Geographic’s augmented reality

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The New Year will see Seef Mall reinforcing its commitment to bringing unique and exciting experiences to Bahrain. The Mall, in cooperation with the National Geographic Channel, is launching the Kingdom’s very first spectacular world of augmented r

Banking remains backbone of the economy

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Industry and Commerce Minister Dr. Hassan Fakhro confirmed the government and Ministry appreciation for all banking and financial institutions in the Kingdom of Bahrain that played an influential role in supporting and enhancing the banking sector in

Minister Fakhro makes surprise visit to markets

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Industry and Commerce Minister, Dr. Hassan Fakhro, accompanied with Ministry officials visited Manama central market for meat in addition to Ramez Store, And Waitrose supermarket in Amwaj, where he was briefed on selling, buying and distribution of e

Bahrain achieves remarkable economic goals

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has asserted that the government has achieved innumerable landmark economic achievements despite the regional and global economic and political situations, which has consolidated the kingdom’s position in this regard. “The Kingdom has succeeded, as usual, to overcome all those conditions and emerge stronger thanks [...]

Bahrain’s Grand Prix 2012 may fetch $500m: BIC Chief

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Bahrain International Circuit (BIC), the first racing track in the Middle East, is set to host the 8th Grand Prix from April 20 to 22nd with expected revenue of $300 million to $500 million, according to a top official at the BIC. Shaikh Salman bin Isa Al Khalifa, Chief Executive at BIC, told the Press [...]

GIFORUM to attract 500 delegates

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Bahrain-headquartered The Firm (TF), an international private members club and marketplace for business development and intrapreneurship, announced that the Global Intrapreneurship Forum (GIFORUM) 2012 is set to take place in Bahrain from May 27-28 at the Gulf Hotel. GIFORUM 2012 will be the first global conference of its kind dedicated to supporting the growth and [...]

BMI Bank expands acceptance of Diners Club Card

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Bahraini retail and commercial banking institution, BMI Bank signed a strategic and exclusive service agreement with CrediMax, the leading credit card acquirer in the Kingdom of Bahrain, to utilize their Point of Sales (POS) machines as well as payment gateways amongst its approved merchants to accept and authorize the Bank’s credit card product Diners Club [...]

Batelco Hearts & Minds Committee greets pilgrims

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Batelco Hearts & Minds Committee took the initiative to distribute Batelco bottled water to Pilgrims on King Fahad Causeway on their way to Mecca. The Hearts & Minds committee members, who work in various fields and departments within Batelco, volunt

Alistair Burt hails implementation of BICI

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UK Minister in charge of Middle Eastern and North African Affairs, Alistair Burt hailed the establishment of the Bahrain Independent Commission of Inquiry (BICI). He described the formation of the probe panel as a positive and unprecedented response

Shaikh Nasser holds talks with senior Turkish official

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Chairman of the Board of Trustees of the Royal Charity Organization, His Highness Shaikh Nasser Bin Hamad Al Khalifa received the representative of the Turkish Premiership Muhammet Donmez, in presence of the Director of United Nations High Commission

Bahrain takes part in Arab GfD initiative

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State Minister for Follow-up Affairs Mohammed bin Ibrahim Al Mutawa took part in a high-profile meeting of the Steering Group of The Good Governance for Development (GfD) in Arab Countries Initiative, hosted by Paris. He also took part in a [...]

SCW continues to check violence against women

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Supreme Council for Women, (SCW) Secretary General Hala Al-Ansari described violence against women as the council’s top priority since its inception. Speaking at a press conference to mark the International Day for the Elimination of Violence again

Bahrain to attend UNDP regional meeting in Cairo

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Human Rights Minister, Dr. Salah bin Ali Abdulrahman, will take part in a conference that will be organized by the United Nations Development Programme (UNDP)’s Regional Office for Arab States in the Egyptian capital, Cairo, from November 26 to 29.

Indian foreign office receives BICI report

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Bahraini Ambassador to India, Mohammed Ghassan Shaikhu, who met with the Indian Foreign Ministry’s Assistant Undersecretary for the GCC A. R. Ghanshyam, presented him with a copy of the follow-up report detailing the implementation of the Bahrain I

Legislators slam foreign interference in Bahrain

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Members of the House of Representatives and parliamentarians criticized blatant interference by some countries and political organizations in the Kingdom of Bahrain’s internal affairs. The members rejected such interference and disrespect of our national sovereignty and independence which could further aggravates the political situation in the region. MPs also revealed that such objectionable actions fully [...]

GIB reports $104.5m yearly profit

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The Board of Directors of Gulf International Bank (GIB or the Bank) recorded consolidated net income after tax of $104.5 million being $4.1 million or 4 per cent up on the prior year. Net income after tax in the fourth quarter was $19.9 million compared to $14.3 million in the fourth quarter of 2010. GIB [...]

GPIC produces a record 1.57m tonnes Ammonia

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The Gulf Petrochemical Industries Complex (GPIC) set a new annual record of producing 1.575 million tonnes of Ammonia, Urea and Methanol, which is the highest annual output since the launch of the Company. The Urea plant achieved an annual record of 673,681 tonnes of production during 2011, which was the highest output since it went [...]

Team Bahrain’s Mattar clinches 1st position

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Team Bahrain’s Mohammed Mattar claimed his first podium position in Round 8 in the Porsche GT3 Cup Challenge Middle East at Reem International Circuit. After starting seventh on the15 car grid in Round 8, Mattar produced two stunning laps towards [

UK bank sets a benchmark in corporate responsibility

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Gatehouse Bank (Gatehouse), a Kuwaiti-owned Shariah compliant wholesale investment bank based in the City of London and regulated by the FSA, is supporting a UK youth mentoring initiative called Mosaic, as it launches a national business competition

Bahraini Abdulla Al-Muharraqi wins regional award

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Bahraini painter, Abdulla Al-Muharraqi, has been awarded the prestigious Artistic Creativity prize at the Fikr 11 Conference under the theme “Citizens and Government: Future Vision”. The conference will be held in Dubai on November 26-27,

IAA receives state-of-the-art OB Van

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The first new cutting-edge OB Van arrived at the Information Affairs Authority (IAA), as per an agreement signed with the Turkish Pals Electronic, which consists in buying three high-tech vehicles for external telecasting, operating with the High Def

National Dialogue first session attracts 30 delegates

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The first session of the National Consensus Dialogue is set to start at Al Areen Resort with the participation of at least 30 delegates both from the Government and political parties. The Minister of Justice, Islamic Affairs and Endowments Shaikh [..

Basic commodities should be affordable: HRH Premier

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, who chaired at Gudaibiya Palace the cabinet regular weekly meeting, issued directives to ensure basic commodities and services are provided at affordable prices. HRH directed the Industry and Commerce Ministry, to continue its inspection and supervisory campaigns to keep prices under control and within [...]

HM King’s initiatives help Bahrain to win global accolade: HRH Premier

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His Majesty King Hamad bin Isa Al Khalifa has laid the foundation for an institutional framework that paved the way for wider popular participation and helped the Kingdom earning a regional and international respect, His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa said. “Such framework has been a catalyst of reform and [...]

Security and stability serve as vital pillar for business: BCCI Chief

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Chairman of the Bahrain Chamber of Commerce and Industry Dr. Essam Fakhro stressed that the development process will accomplish its goals only through the achievement of security and stability and to stop all forms of violence and terrorism. Dr. Fakhroo called on the Ministry of Interior to increase security around the economic sites and commercial [...]

Bahraini music remains focal point in Spring of Culture: Shaikha Mai

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The Minister of Culture Shaikha Mai bint Mohammed Al Khalifa affirmed that the participation by Bahraini bands had its place in the Spring of Culture this year as was done in previous years, highlighting the participation of Mohammed bin Faris youth band during the Spring Culture in 2007. Moreover, she also indicated the great interest [...]

Liverpool wins World’s top port status

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Liverpool, United Kingdom, has beaten off stiff competition to be named the world’s top port. Peel Ports, which runs the Port of Liverpool and the linked Manchester Ship Canal, has won Port Authority of the Year for “its operations in [...]

Politicians, activists MPs back Interior Minister’s resolution

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A large number of politicians, activists, MPs and members of the Shura Council as well as citizens from all segments of the Bahraini community praised the resolution issued by Interior Minister, Lt General Shaikh Rashid bin Abdullah Al Khalifa, in [.

Govt not targeting any specific political society

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Minister of Justice, Islamic Affairs and Endowments, Shaikh Khalid bin Ali Al Khalifa, dismissed the existence of any blacklist targeting political opposition societies, pointing out that violations do not become legitimized through aging. The Minist

MENA online travel bookings to reach $15.8b by 2014

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ATM 2013 technology seminar series to highlight increasing shift away from traditional channels with internet bookings expected to grow by another $5.4 billion accounting for 22% of all travel bookings within two years The topic of online versus trad

Injaz Bahrain’s entrepreneurs to vie for best Co award in Doha

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INJAZ Al-Arab will host its 6th annual INJAZ Al-Arab Young Arab Entrepreneurs Competition in Doha, Qatar on November 4th- 6th, held under the patronage of the Qatar Foundation. The competition will see students from 13 countries across the MENA regio

BBK hosts awareness campaign about breast cancer

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BBK, Bahrain’s pioneer in retail and commercial banking, organized a gathering to create awareness of breast cancer at its’ Head Office in Manama. The gathering showed BBK’s commitment to the health care of its employees and those within the co

GCC education sector excels globally

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GCC strides are the outcome of the wisdom of its leaders, the work of its governments and determination of its peoples to bring about progress and development, His Royal Highness Prime Minister Prince Khalifa bin Salman said, adding that GCC [...]

Islamic values serve as vital pillar to social fabric

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Undersecretary of Islamic Affairs, Dr. Farid Ben-Yacoob Al Moftah asserted the importance of religious events and their role in strengthening community relations, referring to the content of these historic events, which have historic depth that is ro

Ban on demonstrations is temporary

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Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa discussed the recent decision to temporarily ban rallies and gatherings until security and stability are restored. He said the goal of the temporary ban is to protect national

Faisal Private Bank to become family office

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Bahrain-based retail banking major, Ithmaar Bank, is set to convert the banking licence of its wholly-owned Swiss-based subsidiary, Faisal Private Bank in to a family office. The announcement, by Ithmaar Bank Chief Executive Officer and Member of the

EFG Bank Sailing Arabia kicks off on 10th

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At Amwaj Marina, one of Bahrain’s premier locations for yachting, the local community and sailing enthusiasts on February 10th will witness a flutter of activity as the nine teams competing in EFG Bank Sailing Arabia – The Tour, a grueling [...]

Thugs continue to disrupt civil order for sixth day

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The security forces intervened to disperse groups of saboteurs who sowed chaos following the mourning observed for a rioter killed in Al-Daih. “The thugs targeted public facilities, blocked Budaiya Highway with lamp-posts, rocks and garbage bin

Bahrain busts a foreign-funded terror cell

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Public Security Chief Major General Tariq Hassan Al-Hassan revealed details of the terror cell which was first announced by the Interior Minister earlier this week. The timely action has averted possible attacks on civil and military installations in

Bahrain to host International eGov Forum 2013

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Final preparations are underway for hosting Bahrain International eGovernment Forum 2013, which will be held under the patronage of His Highness Shaikh Mohammed bin Mubarak Al Khalifa Deputy Prime Minister Chairman of the Supreme Committee for Inform

AUB reports record net profit of $335m for 2012

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Ahli United Bank (AUB) reported a net profit, attributable to its equity shareholders, of $335.7 million for the year ended 31 December 2012. This represents an 8.1% increase over the 2011 result. The last quarter of 2012 contributed $78.6 million [.

AAOIFI-Ernst & Young to offer core banking certification

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Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and Ernst &Young have entered into an exclusive agreement to carry out certification of financial software products or core banking systems for Islamic banking and finan

BCCI-Ports Affairs holds coordination meeting

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A coordination meeting between the Ministry of Transportation’s Ports and Maritime Affairs (PMA) and the Bahrain Chamber of Commerce and Industry was held at the PMA’s offices. The meeting was led by Hassan Ali Al-Majid, Director Genreal for Port

Batelco offers LG Nexus 4 Smartphone from Google

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Batelco, Bahrain’s leading telecommunications company welcomes the all new LG Nexus 4, the new Smartphone from Google, which is now available exclusively at Batelco Retail Shops. To celebrate the occasion and ensure the best deals for its customers

Batelco installations target by thugs

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Batelco Group General Manager Media Relations Ahmed Al Janahi confirmed that its main Service Node at Sitra has been damaged in a fire set by malicious persons, in the early hours of Saturday morning. “The damage has caused severe degradation [...]

MENA internet users reach 72m

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The MENA region has recorded a remarkable 2500% increase in its internet users over the past 10 years, according to the latest research by Arabnet and Discover Digital Arabia. With 72 million internet users and a mobile penetration rate of [...]

Thailand’s Northeast gives major tourism boost

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Long overlooked by the international tourism industry, Thailand’s northeastern region, called “Isan” by Thais, is being given a major boost with the Tourism Authority of Thailand (TAT) collaborating with travel trade partners to promote the des

Solidarity opens 6th outlet in Bahrain

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Solidarity General Takaful, a subsidiary of one of the largest Takaful groups in the world, Solidarity Group Holding, has opened its sixth Insurance Services Centre in Al Hamala last week. The Insurance Services Center was inaugurated by Mr. Abdul Ra

Dubai registers 1.1m vehicles in 2012

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Ahmed Hashim Bahrozyan, CEO, Licensing Agency, Roads and Transport Authority said that more than 1,137,750 vehicles were registered in Dubai in 2012. The annual renewals of registrations of new cars would require additional vehicle testing and regist

Bahrain continues to support the commercial sector

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Within its continuous strive to support consumers’ needs of products and goods; the Industry and Commerce Minister Dr. Hassan Fakhro visited a number of car dealers including Toyota, Nissan, Honda Mazda and Mercedes. During the visit, which was acc

Pakistan’s top singer dies during transit in Bahrain

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Renowned Pakistani singer, Kaneez Raza Mehnaz, known as Mehnaz Begum, passed away during transit at the Bahrain International Airport (BIA) on Saturday. She was 55. Family sources confirmed that she was travelling by Gulf Air, national carrier of Bah

Sabre remains on the path of growth in 2011

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Sabre Travel Network Middle East (STNME), a global technology company serving travel suppliers and agencies, witnessed a strong growth across all Middle East and North Africa (MENA) markets in 2011. A market leader in most GCC countries, Sabre signed partnership [...]

Bapco’s Platformer-Unifiner shutdown kicks off today

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The planned turnarounds of the Platformer-Unifiner units started on April 01st, 2012 for a period of 30 days. The Platformer-Unifiner shutdown has been scheduled to follow immediately after the No.1 Visbreaker and Ker Rerun units (1VBU / KRU) which are [...]

Dr Mirza patronises annual arts competition

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Bapco thanked the Minister of Energy, Chairman of National Oil & Gas Authority (NOGA) and Chairman of Bapco’s Board of Directors, Dr. A.Hussain Bin Ali Mirza, for his valued support to Bapco’s activities & events, especially Bapco’s First Annual Art [...]

Islamic debt issuance reaches $37.1b in 2012

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Islamic debt issuance reached $37.1 billion from 91 issues during 2012, an increase of 11% from 2011, and marking the all-time strongest year for Islamic debt activity, according to a report. “The global top Islamic debt issuer nation during 2012 [

HP partners with Bahrain’s eGA

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HP announced that Bahrain’s eGovernment Authority (eGA) will boost its ability to deliver projects on-time and on-budget with HP Project Portfolio Management software. Under an agreement with Zayani Infosystems Middle East, the eGovernment Authorit

Deloitte bolsters its strategy consulting practice

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Deloitte has acquired substantially all of the business of Monitor, one of the world’s leading strategy consulting firms. This transaction combines Monitor’s highly-influential brand, strong thought leadership and top-notch talent with Deloitte

Luxembourg-based shariah-compliant funds reaches $5.1b

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Luxembourg ranks fifth worldwide by number of Shariah compliant funds and the number of Middle East-based managers launching investment funds in Luxembourg has increased constantly. There are 41 regulated Shariah compliant investment funds domiciled

Recovery of global economy embedded with risks

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With some visible signs of recovery in 2013, but the global economy still faces risks, according to a latest report by Barclays. Barclays which issued its January 2013 edition of Compass, a monthly flagship of Wealth and Investment Management researc

Egypt faces serious shortage of FX: Fitch

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Egypt’s new exchange rate regime has brought greater transparency and a depreciation of the pound but also highlights a serious shortage of foreign exchange, according to Fitch Ratings. For the system to work, confidence needs to be restored qu

BMI Bank upgrades eBanking services

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BMI Bank announced the launch of an upgraded eBanking service for its retail customers. Available to BMI Bank customers including all of its credit card holders, the new version uses best-in-class technology and will now allow customers to register f

eXtra eyes $250m of Bahrain electronics market

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Saudi Arabia-based one of the leading electronics groups in the Middle East is eyeing $250 million of Bahrain’s total $600 million annual electronics and appliances market, according to a senior official at the company. “Annual $600 million elect

GPCA board elects Mohamed Al Mady as Chairman

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Mohamed Al-Mady, Vice Chairman and Chief Executive Officer of SABIC, has been re-elected as Chairman of the Gulf Petrochemicals and Chemicals Association (GPCA), the region’s leading trade association dedicated to the downstream industry in the Middle East. The unanimous decision [...]

Human Rights Watch statement on Bahrain is ‘irresponsible’

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Ministry of Human Rights and Social Development expressed its disappointment on the inappropriate evaluation and the preconceived judgment issued by Human Rights Watch in its statement dated March 28, 2012, entitled “Bahrain: the vital reform commitments that have not been [...]

Bahrain’s delegation to IPU exposes false case of Iran

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The Parliamentary delegation at the Arab and Islamic countries meeting in its 126 session of the International Parliamentary Union was able to foil a suggestion submitted by Iran in placing the Kingdom of Bahrain on the list of countries engulfed [...]

LMRA nabs group of Asian hackers

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A group of Asians accused of hacking the electronic system of the Labour Market Regulatory Authority (LMRA) have appeared before the Public Prosecutor to face charges. The hackers used an LMRA employee’s pseudonym and password and cancelled the violations committed [...]

A young Bahrain died due to profuse bleeding

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Results of a post mortem into the death of a young man from Salmabad have been released. The coroner who conducted the autopsy concluded that the death was caused by a recent single live gunshot to the pelvis. According to [...]

GCC News Agencies meeting concludes

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Directors of the GCC News Agencies concluded their 15th meeting at the GCC General-Secretariat headquarters in Riyadh, in the presence of GCC Assistant Secretary-General for Culture and Information Affairs Khalid Al-Ghassani. During the meeting, Saudi Press Agency (SPA) director Abdulla [...]

Dr Fakhro receives BBK team

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Industry and Commerce Minister and Bahrain Society for Child Development Chairman Dr. Hassan Abdulla Fakhro received Bank of Bahrain and Kuwait Chief Executive Officer Abdulkarim Bucheeri who presented a cheque towards supporting the activities and programmes of the association. BBK [...]

Aracpita exists from London housing facilities

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Bahrain-based Arcapita Bank announced the sale of its and its investors’ 80 per cent interest in five senior housing facilities in suburban London. The acquirer was Healthcare REIT, Inc., a publically traded real estate investment trust based in Oh

GCC equities favourite for high-yields in 2013

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Short of a geopolitical shock or a possible spillover of the Arab Spring into the area, GCC equities are likely to offer significant value to its investors due to attractive valuations and high dividend yields, according to Alkhabeer Capital 2013 [..

Autumn shopping bonanza kicks off on 23rd

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The Autumn Fair, Bahrain’s largest and most popular annual consumer products exhibition, is returning to the Bahrain International Exhibition and Convention Centre from 23– 1 January 2013. The exhibition is held under the patronage of Dr. Hassan

Bahrain Airport Company signs up for BIAS 2014

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Bahrain Airport Company (BAC) announced its participation in the 2014 Bahrain International Air Show during a visit to the Middle East Business Aviation (MEBA) conference that took place at Al Maktoum International Airport in Dubai (UAE). Attending t

Nabeel takes over as Manager OSS at Alba

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Aluminium Bahrain (Alba) Chief Executive, Tim Murray announced the appointment of Nabeel Ebrahim Al-Jallabi as Manager of Operation Support Services. A Bahraini national, Al Jallabi joined Alba in 1993 and since then held various senior positions in

Batelco needs to retain its domestic postpaid clientele

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Fitch Ratings, which has affirmed Bahrain-based Bahrain Telecommunications Company (Batelco) long-term foreign currency issuer default rating (IDR) at BBB- with outlook on the IDR stable, said the company needs to retain its domestic postpaid market

IMF’s $4.8b loan provides stability to Egypt

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An IMF agreement for a loan to Egypt provides stability, confidence and international support for fiscal consolidation and structural reform, according to Fitch. “We listed progress toward an IMF agreement as one of the factors that could help

Bahrain’s banks on the right track of growth

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The banking and financial sector is treading on the right path of growth and development and the 2013 will be a good year, a senior banker said. “At BBK we have seen a record profit for 2012, and we expect [...]

Banks are almost 10 times more likely to fail than five years ago: Fitch

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Banks are almost 10 times more likely to fail than they are to default over a five-year period, according to Fitch data for the past 20 years. “The difference has been the role that governments have played in supporting failed banks,” Fit

Al Mazaya plans to focus on revenue-generating assets in 2011: Chairman

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Al Mazaya Holding is continuing to make strides in its plan to complete and deliver all its current real estate projects despite challenges related to both the real estate markets and investors, and the company has commenced operating its income gene

Fakhro toured Ramez and Muharraq central markets

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Industry and Commerce Minister continues his series visits to market and retail outlets in order to determine the latest market development and enhance control on market, Dr. Hassan Fakhro inspected yesterday morning Muharraq Central Market as well a

The Ritz-Carlton Hotel Company sets aside $2b for 5-year expansion plan

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With estimated investments of $2 billion, the Ritz-Carlton Hotel Company announced a major expansion and development initiative taking the total number of properties in its portfolio to over 100 around the world by 2016. Ranging from Morocco to Mexic

Middle East’s first Apple Premium Reseller store opens doors for business in Bahrain

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Industry and Commerce Minister Dr. Hassan Fakhro praised all efforts made by the private sector to stimulate the economic activity in the Kingdom of Bahrain. The Minister, who opened the first Apple Premium Reseller store at Seef Mall, said private s

BCCI supports UoB with BD160,000 donation

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The Bahrain Chamber of Commerce and Industry (BCCI) donated more than BD 160, 000 to the University of Bahrain (UoB) to help rehabilitate the buildings that were damaged as result of the regretful incidents took place in March. The move was revealed

Probe committee absolves 571 sacked employees from charges

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A probe committee headed by the Minister Labour has absolved 571 employees from charges of absenteeism and recommended their reinstatement to their respective jobs. “A batch of 571 sacked employees has been reinstated into their jobs for lack o

The Shaikh Nasser Youth Creativity Award goes global

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The Shaikh Nasser Award for Youth Creativity is to go global in its third edition. Supreme Council for Youth and Sport (SCYS) Chairman and Bahrain Olympic Committee (BOC) President Shaikh Nasser bin Hamad Al-Khalifa launched the new-look prize. This

A Museum traces history of the Ruling Family opens

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A Museum showcasing the history of the Ruling Family inaugurated by the Minister of Culture Shaikha Mai bint Mohammed Al Khalifa at Shaikh Salman bin Ahmed Al Fateh Fort in Riffa. The event comes as part of choosing Manama, the [...]

HM King lauds investment credentials of Bahrain

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His Majesty King Hamad bin Isa Al-Khalifa, who received at Al-Sakhir Palace Pine-Bridge Investment Company Chairman Lord Mervin Davis and Pine-Bridge owner Richard Li Tzar Kai, also Chief Executive Officer of Special Investment of Hong Kong-based Pac

HM King meets with members of Judicial Authority

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His Majesty King Hamad bin Isa Al Khalifa received at Al Sakhir Palace Deputy Chairman of Supreme Judicial Council and President of the Court of Cassation Shaikh Khalifa bin Rashid Al Khalifa, Attorney General Dr. Ali bin Fadhl Al Buainain, [...]

Media delegation visits Bahrain’s oldest School

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A delegation of 25 media persons from 21 countries paid a visit to the old building of Al Hidaya Al Khalifia Boys Secondary School where they listened to a briefing on the history of regular education in Bahrain dating back [...]

Epoc Messe Frankfurt supports Sail Arabia 2013

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Leading German international trade fair and conference organiser Epoc Messe Frankfurt is making its splash into the mainstream of sport event sponsorship by signing on as the exclusive sponsor of a young team of sailors for the upcoming Sailing Arabi

TravelerVIP.com secures $1m seed funding

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TravelerVIP.com in a statement said that it had secured $1m seed funding. Founded in Dubai in 2012, TravelerVIP.com is a unique hotel booking website that turns ordinary online reservations into a VIP experience for consumers in the region. This inve

BoA transfers a business wing to Julius Baer Group

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Bank of America Corporation has announced that all pre-conditions necessary to allow principal closing of the sale of its International Wealth Management business based outside the United States have been met. As a result, ownership of Merrill Lynch

Over 400 benefits from Tamkeen’s Mohasabha initiative

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KPMG Fakhro, one of the service providers for Tamkeen’s ”Mohasaba” programme, achieved a significant milestone of serving more than 400 SMEs in the Kingdom of Bahrain since the beginning of the programme in January, 2010. As per this leading pr

Religious harmony, tolerance must prevail: UN Chief

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Religious harmony, tolerance and respect of each other’s faith serve as a cornerstone for the greater peace and prosperity globally. In his message the UN Secretary General Ban Ki moon said that for billions of people around the world, faith [...]

UN releases the breakdown of Syria $1.5b aid pledges

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The international community pledged more than US$1.5 billion in humanitarian aid to Syria on 30 January, in the most successful fundraising conference in UN history – meant to meet the needs of two UN appeals: The host of the conference, [...]

Malabar Gold opens 2nd outlet in Bahrain

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Malabar Gold and Diamonds announced the opening of its 2nd outlet in Bahrain located a Lulu Hypermarket Riffa. Othman Sharif Al Rayees, Treasurer at the Bahrain Chamber of Commerce and Industry, who is also acting CEO of the BCCI and [...]

Saudi Arabia absorbs 88% new jobs in petrochemical sector

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The Gulf petrochemicals sector added 34,564 jobs between 2010 and 2011, an increase of 11%, according to new research by the Gulf Petrochemicals and Chemicals Association (GPCA). And 88% of the new positions went to Saudi nationals. According to a [.

Prince Salman reiterates to bring the country back on track

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His Royal Highness Prince, Salman bin Hamad Al-Khalifa, Deputy of His Majesty the King, and Crown Prince stressed resolve to make the national interest a top priority and undertake steps to address the aftermath of recent events in Bahrain. Receiving

BCCI Chief slams GFBTU for distorting national image

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Chairman of the Bahrain Chamber of Commerce and Industry (BCCI) Dr. Essam Abdulla Fakhro expressed deep regret over the continuous attempts of the General Federation of Bahrain Trade Unions (GFBTU) to distort the kingdom’s image and cause harm

HM King seeks effective participation of people in transparent manner in the National Dialogue

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With Bahrain is gearing up for the National Dialogue scheduled to kick start from July 1, Parliament Chairman Khalifa bin Ahmed Al-Dhahrani has been appointed by Royal Order to chair the dialogue and moderate the sessions. HM King Hamad on Saturday u

Labour Minister briefs DG ILO on steps taken by Bahrain to tackle the issue of sacked employees

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Labour Minister Jameel bin Mohammed Ali Humaidan met with International Labour Organisation’s DG Juan Somavia on the sidelines of the 100th ILO session, being held in Geneva, Switzerland. He gave an update on positive developments which reflect

Bahrain to launch new Visa Forms from 1st July

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The General Directorate for Nationality, Passports and Residence Affairs will launch a new application form on July1. The initiative follows directives from Interior Ministry Undersecretary for Nationality, Passports and Residence Affairs Shaikh Rash

Over 4000 attends Al Wefaq gathering

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The General Director of Northern Governorate police station said that Al Wefaq Society organized a gathering in Saar attended by around 4000 men and women. The director in reply to what was reported by some news agencies affirmed that that gathering

HRH Princess Sabeeka patronises Shaikha Hessa Girls’ School’s graduation ceremony

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Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa wife of His Majesty the King and Chairwoman of the Supreme Council for Women (SCW) deputized the Deputy Chairwoman of the SCW Dr Shaikha Mariam bint Hasan Al Khalifa to attend the fourth Sha

Two Columbians detained at BIA for carrying fake Italian travel documents

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The authorities at the Bahrain International Airport on Saturday arrested two Columbian nationals for carrying forged Italian travel documents. The assistant undersecretary for Exits, Search and Follow-up at the General Directorate of Nationality, Pa

GCC calls to consider alternative energy instead of peaceful nuclear energy

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The Kingdom of Saudi Arabia plans to join the nuclear energy club used for peaceful purposes as part of its economic programmes which focus on developing this sector and activating its role in raising the rate of GDP. According to a top official, Sau

RAK Petroleum Chairman becomes new Chairman of Norwegian Oil Producer DNO

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Shareholders at the DNO International during annual general assembly held on Saturday in Oslo elected Bijan Mossavar-Rahmani as the company’s new Chairman. Mossavar-Rahmani is Chairman of the Board and CEO of RAK Petroleum Public Company Limited, t

AllWorld Network and Arcapita launch GCC Fast Growth 100

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Anne Habiby, co-founder of AllWorld Network and Atif Abdulmalik, the CEO of Arcapita launched the GCC Fast Growth 100 (GCC100), as a pioneering and prominent programme to find and rank the fastest growing private companies of the GCC, the companies c

Bapco hosts Chevron Operational Excellence focused review

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Bahrain Petroleum Company (Bapco), one of the major contributors to the national economy of the Kingdom, is treading on a right path of improvement and enhancement of its operations in order to satisfy its obligation towards the Kingdom of Bahrain. [

Finance Minister holds talks with Lord Green, Michael Roger Gifford

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Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, the Minister in Charge of the Oil and Gas Affairs, met separately British Minister of State for Trade and Investment Lord Green and the Mayor of London Lord Michael Roger Gifford. They [...]

Al Khayyat Investments to focus on healthcare, retail, education, real estate and automobiles

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Al Khayyat Investments LLC (AKI), a leading Dubai holding company that represents more than 200 top international brands across the Middle East, has unveiled the strategy for 2011 with aggressive focus on healthcare, retail, education, real estate an

Jeddah real estate market benefiting from stimulus spending

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Jeddah’s real estate market is benefiting from the Saudi government’s recently announced 500 billion riyal financial stimulus package and massive public sector infrastructure investments according to Jones Lang LaSalle’s latest report ‘Jeddah

ECG enhances its participation in global and Mena energy markets through United Safety

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Bahrain-based Energy Capital Group (ECG), a private global investment firm focused on energy and energy-related corporate investments, announced that United Safety, in which the firm owns a majority stake, has achieved further international growth an

Fitch makes senior BRM appointment to lead new regional office

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Fitch Ratings has announced that Stephen de Stadler, Managing Director, has been appointed to the newly created post of Regional Business Leader for Middle East and Sub-Saharan Africa following a strategic decision to combine the oversight and manage

Zain Bahrain translates summer free time into summer F.U.N

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One of the most unique mentorship programmes, the Zain Bahrain Future University Network (F.U.N), which promises university undergraduates an opportunity to gain valuable real-life workplace experience, has opened its doors once again for summer trai

New management at helms of affairs at TAIB Bank

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TAIB Bank appointed a new management team, to begin a significant restructuring of the bank, has been officially approved by the Central Bank of Bahrain as permanent appointments. Sohail Sultan, TAIB’s new Chief Executive Officer has over 20 years

No holidays for Ministers

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All ministers’ holidays were called off by the Cabinet under the directives of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, for the national consensus dialogue period. Under the directives of His Royal Highness Prime

The IAA informs the BCC over misleading archive footage

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The Information Affairs Authority has notified the BBC news channel after broadcasting a news report without indicating that it’s archival material, leading viewers to believe that it covers fresh protests in Bahrain. The channel broadcast a news r

HRH the Premier affirms role of media

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His Royal Highness the Prime Minister Prince Khalifa bin Salman Al Khalifa affirmed the importance of media in present times and the real power it forms if utilized in a productive and effective manner towards enlightening the public opinion. HRH the

BDF Commander-in-Chief receives GCC Secretary General

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BDF Commander-in-Chief Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa received the GCC Secretary General Dr. Abdullatif bin Rashid Al Zayani. He praised the honourable stance of the GCC member states regarding the recent unfortunate incidents in B

Ayat Hassan Mohammed sentenced to one year imprisonment

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The Lower National Safety Court sentenced Ayat Hassan Mohammed, who was charged of taking part in illegal protests for criminal ends and inciting the hatred of the ruling system, to one year imprisonment, stated the Military Prosecutor. Ali Yussef Ha

HM King Hamad issues five laws

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His Majesty King Hamad bin Isa Al Khalifa issued Law 10 for this year endorsing the today additional protocol of Non-Proliferation of Nuclear Weapons (NPT) agreement signed between kingdom and the International Atomic Energy Agency (IAEA) in December

Cessation Court adjourns hearing of policemen murder cases till Sept 26

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Bahrain’s Cessation Court of Appeals postponed the hearing of the appeals trial of the two sentenced to death for alleged role in murder of two policemen to the 26th September 2011. The National Safety Court of First Instance had issued a verdict o

IAA President seeks greater co-operation between Bahrain-Egypt in media

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President of the Information Affairs Authority (IAA) Shaikh Fawaz bin Mohammed Al Khalifa continued his efforts in reinforcing media cooperation between the Kingdom of Bahrain and Egypt through visiting various official and private media establishmen

The 5th GCC Public Relations Forum concludes on Wednesday

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The three-day the 5th GCC Public Relations Forum will be concluded on Wednesday. Held under the patronage of the Minister of Social Development and acting Minister of Health Dr Fatima Al Balushi the event was organized by the Bahrain Public Relations

Remote Aircraft Apron project opens at end of July

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Ministry of Works’ Undersecretary, Nayef Omar Al-Kalali, announced that completion and operation of the Remote Aircraft Apron project at Bahrain International is progressing according to plan 4 stands out of 9 have been handed over to the Airport a

Summer Festival 3 will spread a message of hope, love and optimism

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Bahrain’s Summer Festival 3 aims at spreading a message of hope, love and optimism in the kingdom, the region and beyond, organisers. The third annual event from July 1 to 31 includes events and activities that aim to bring joy and happiness to

Deputy Premier receives RCSI President

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Deputy Premier Shaikh Khalid bin Abdulla Al Khalifa received the President of Royal College of Surgeons in Ireland (RCSI) Medical University of Bahrain Dr. Faisal bin Ridha Al Musawi and a number of officials who extended their sincere thanks and gra

Court releases one suspect on health grounds

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The Lower National Safety Court released one suspect for health reasons, the Military Prosecutor said. The suspect, who was also banned from travelling, stood trial, along with other 12 suspects, over kidnapping a policeman, inciting criminal acts an

Interior Minister holds talks with Posner

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The Minister of Interior Lt Gen. Shaikh Rashid bin Abdullah Al Khalifa received the Assistant Secretary of State for the Bureau of Democracy, Human Rights and Labor Michael H. Posner in the presence of the Head of Public Security Brigadier Tariq bin

Bahrain to sue The Independent for publishing defamatory reports

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Bahrain has decided to sue the British Independent newspaper for repeatedly publishing wrong and defamatory information to tarnish its image. The Information Affairs Authority has commissioned a UK-based legal firm to file a case against the British

Bahrain’s FM attends 119th GCC Ministerial Meeting

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GCC Ministers’ of Foreign Affairs began this evening the 119th GCC Ministerial meeting sessions in Jeddah, Saudi Arabia. At the outset of the meeting the UAE Minister of Foreign Affairs and current session chairman Shaikh Abdullah bin Zayed Al Nahy

Bahrainis witness the darkest lunar eclipse of the century

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Bahrain witnessed perhaps the darkest lunar eclipse of the century on Wednesday night with a rare view of full moon covered by the shade of earth. This was believed to be the century’s longest and darkest total lunar eclipse as the moon wrapped

Unlimited calls for VIVA customers

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Bahrain’s first telecom provider to offer unlimited mobile services, VIVA, is now offering its customers the ability to talk to each other for free all day, every day. For a limited promotional period, customers can enjoy unlimited calls to other V

Zain honours winners

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Zain Bahrain gave away prizes to lucky winners of the past couple of weeks in the Zain Broadband Fair as they won a range of prizes from Playstation to laptops, smartphone handsets, three months free rentals and Zain Entertainer booklets at the Zain

Severe punishment demanded in Al Mrissi’s murder case

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The First Lower National Safety Court on Wednesday heard six criminal cases, according to the Military Prosecutor. In the first case, in which five people were accused of hiding in two suspects’ houses, the court adjourned it to next Wednesday, Jun

US administration fully backs upcoming National Dialogue in Bahrain

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US Assistant Secretary of State for the Bureau of Democracy, Human Rights and Labour Michael H. Posner voiced his country’s support during a press conference held at the US Embassy in Manama. The US stance came in the aftermath of His Majesty King

Batelco-Kingdom Holding Consortium one step closer of acquiring 25% stake in Zain KSA

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The Batelco-Kingdom Holding Consortium, is one step closer to the acquisition of 25% stake in the Zain KSA. The Consortium was granted access to Zain Saudi’s records thus ensuring the deal can progress to the final stages, according to a statem

Elaf Bank gets nod from Malaysian authorities to open branch office in Kuala Lumpur

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Bahrain-based Elaf Bank, licensed by the Central Bank of Bahrain to operate as a wholesale Islamic bank with a paid-up capital of $200 million, has been granted a license by the Ministry of Finance Malaysia to open a branch office under the Malaysia

Dr Mirza lauds the role of media in development of the national economy

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His Excellency Dr. Abdul Hussain bin Ali Mirza, Minister of Energy, who at his offices located at the National Oil and Gas Authority (NOGA) received Mahmood Rafique, founding Editor of 24X7 News (www.twentyfoursevennews.com), lauded the media role in

Sabre opens new office in Alexandria

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Sabre Travel Network Middle East (STNME), has officially opened a new office in Alexandria, Egypt. The centrally located office, in the prestigious Kafr Abdou area, is equipped with modern facilities to support the agency community and the company’

AUB’s Adel El-Labban wins the Euromoney Award

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Ahli United Bank received a double honour at the 2011 Euromoney Awards for Excellence at the special ceremony held in Dubai. In addition to AUB being named “Best Bank in Bahrain 2011” for the sixth consecutive year, AUB’s Group CEO and Managing

Clifford Chance advises FGB on $900m loan

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The Abu Dhabi office of Clifford Chance advised First Gulf Bank (FGB), a major leading financial institution headquartered in Abu Dhabi, UAE, on a new three-year $900 million senior unsecured term loan facility with a group of international banks. Th

Batelco honours long-serving employees

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Bahrain’s leading Telecommunications Company, held a long service awards ceremony at the Sofitel Bahrain Thalassa Sea & Spa Hotel, to honour 153 members of staff who have been with Batelco for up to 35 years. The awards were presented for [...]

eGovernment Authority emerges the best in ME

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In an international ceremony held recently in Chiang Mai, Thailand; FutureGov Award 2012 awarded Bahrain’s eGovernment Authority the Public Sector Organization of the Year in the Middle East Award. The Authority celebrated as the sole Arab nation t

Bahrain Grand Prix officially off from the 2011 F1 Calendar

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Bahrain is officially off from the 2011 F1 Racing Calendar following the unanimous decision during a voting on the issue by the FIA’s Motor Sports Council. The cancellation the Bahrain Grand Prix was confirmed by the Motorsport’s world go

Mobile advertising revenues to reach $3.3b in 2011

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Worldwide mobile advertising revenue forecast is set to reach $3.3 billion in 2011, more than double the $1.6 billion generated in 2010, according to Gartner, Inc. Worldwide revenue will reach $20.6 billion by 2015, but not all types of mobile advert

StanChart scoops twin Euromoney awards

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Standard Chartered has been named “Best Investment Bank in the Middle East” and “Best Project Finance House” by pre-eminent international finance magazine Euromoney. The awards were presented at the 2011 Euromoney Middle East Awards for Excel

TID Company set to pay KD82m as part of restructuring plan

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The Investment Dar Company’s restructuring plan will kick off by the end of this month paving the way for the company to pay approximately KD82 million. This amount will be paid out in the first year which will go to individual investors and sm

BBK inaugurates its 16th branch in Seef District

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BBK, Bahrain’s pioneer in retail and commercial banking, has opened its sixteenth Branch located in CrediMax new building in Seef district. CrediMax is a fully owned subsidiary of BBK, specialized in credit cards, both issuing cards and acquiring p

Three women booked for occupying the UN House

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General Director of Capital Governorate Police has said that after receiving a complaint from the United Nation House in Bahrain about three ladies who entered its headquarter on Wednesday and after the end of the working hours refused to leave when

Policies need to steer away from unbalanced growth: IMF

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The global economy has turned the corner from the great recession. However, securing the transition from recovery to expansion will require a concerted effort at addressing diverse challenges, according to IMF. The key fiscal priority for major advan

Growth continues to be strong in emerging and developing economies: IMF

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Growth in most emerging and developing economies continues to be strong. Growth in many advanced economies is still weak, considering the depth of the recession. In addition, the mild slowdown observed in the second quarter of 2011 is not reassuring,

Bahrain’s economy shows resilience during crisis

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Despite recent events, the economic fundamentals have been remained strong through economic challenges in the past and those would ensure a sustained growth. This was stated by Talal Alzain Chief Executive officer of Bahrain Mumtalakat Holding Compan

Second Edition of Youth City 2030 kicks off on Saturday

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The second edition of the Youth City2030 will open on June18 at the Bahrain International Exhibition and Convention Centre. Supreme Council for Youth and Sport Chairman and Bahrain Olympic Committee President Shaikh Nasser bin Hamad Al-Khalifa will p

National Dialogue preparations in top gear

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With the necessary preparations are getting final shape to host the national dialogue starting from July 1st, Parliament Speaker and National Consensus Dialogue Chairman Khalifa Al-Dhahrani started extending invitations to political associations, NGO

Over 800 experts, scientists and policy makers to attend MEPEC 2011

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As many as 800 delegates from all five continents are set to attend the 1st Middle East Process Engineering Conference and Exhibition 2011 (MEPEC 2011) in Bahrain in October this year, the organizers say. Organized by Saudi Arabian Section of the Ame

Minister of Energy recognizes BANAGAS achievements

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Minister of Energy Dr. Abdul Hussain bin Ali Mirza praised Dr. Shaikh Mohammed bin Khalifa Al Khalifa, General Manager of the Bahrain National Gas Company (BANAGAS) during his visit to the Minister’s office at the NOGA headquarters on the occas

Al Wefaq notifies authorities for Friday gathering

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Director of the Central governorate police station affirmed that the gathering to be held by Al Wefaq Society has been notified about in accordance with the law. He said that the society had presented a request to organize this gathering through the

Shaikh Khalid bin Hamad weds Saudi monarch’s daughter

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His Majesty the King’s son Shaikh Khalid bin Hamad bin Isa Al Khalifa married the daughter of Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz Al Saud. A ceremony was held in Riyadh on Thursday during which he signed the marriage cont

GCC should remain united to face all challenges: HRH Premier

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The landmark achievements of the Gulf Cooperation Council (GCC) are the result of the GCC leaders’ wise policies which have proved effective in safeguarding the region’s security and stability amid the growing regional and global challeng

Bahrain saves 40% in electricity bills through public awareness campaigns

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Growing global demand for energy-efficient and ecologically friendly lighting solutions is positively impacting the market for light emitting diode (LED) and compact fluorescent lamps (CFL) powered lamps and installations. This demand is being furthe

Shaikh Nasser opens the Youth City 2030

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President of the Supreme Council for Youth and Sports and President of the Bahrain Olympic Committee Shaikh Nasser bin Hamad Al Khalifa attended the activities of the Youth City 2030 in its second consecutive edition that is being organized by the Ge

Work at BD5.68m project Prince Khalifa bin Salman Park project on the right track

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Municipalities Affairs and Urban Planning Minister Dr. Juma’a Al Ka’abi paid an inspection visit to Prince Khalifa bin Salman Park project in Hidd. He was accompanied by parliament First Deputy Chairman Ghanim Fadhl Al Buainin, Muharraq Municipal

Bahrain prohibits afternoon labour work in July and August

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Undersecretary of the Ministry of Labour Subah Salem Al Dossari announced that the ministry will begin as of first of July activating the ministerial order on the prohibition of working during noon time for labourers, from 12 noon to four pm during t

Bahrain to lift curbs from a political society

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Action Society (Wa’ad) in which it expressed keenness to promote security, stability and national unity and take part in the comprehensive National Consensus Dialogue due to start on July 1. The ministry praised Wa’ad’s supportive s

Majority of Energy Companies do not have business continuity plans: Deloitte

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The majority of Energy Companies do not have a business continuity management strategy or plan, according to Deloitte survey. Deloitte 2010 Energy and Resources (E&R) global security survey titled ‘Continuing the Journey’, revealed that inve

Bahraini wins $250,000 Jackpot from BMI

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BMI Bank, announced the lucky winner of its Ayadi December grand prize draw, rewarding Bahraini business man Mohammed Murtadha with $250,000. “When I received the call to inform me that I had won I could not believe my ears. It [...]

S&P lowers ratings on three Egyptian banks

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Standard & Poor’s Ratings Services said today that it has lowered its long- and short-term counterparty credit ratings on the National Bank of Egypt (NBE), Banque Misr (BM), and Commercial International Bank (Egypt) S.A.E. (CIB) to ‘B-/C&

GOYS Chief highlights importance of GCC digital media

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The president of the General Organization for Youth and Sports (GOYS), Hesham Mohammed Al-Jowder, emphasized the role of objective TV programmes in enhancing the spirit of youths, advancing the media sector and contributing in terms of expertise and

OIC denounces Israeli plan of 1240 new settlements

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The Organization of Islamic Cooperation (OIC)’s security-general, Professor Ekmeleddin Ihsanoglu, has strongly denounced the approval of the Israeli occupation authorities to build 1240 new settlement units on Palestinian territories occupied s

Bahrain Summer Festival tickets go on sale

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Tickets for the third annual Bahrain Summer festival will go on sale starting from tomorrow, June 21st. The tickets are available to the general public exclusively through the festival kiosk in Bahrain City Center until the end of the festival on Jul

MEET ICT 2011 kicks off today

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Under the patronage of Kamal bin Ahmed Mohammed, Minister of Cabinet Affairs, the two-day MEET ICT 2011 kicks off on Monday under the slogan “The Convergence of ICT Leaders” at Crowne Plaza Hotel. The Conference draws participation of more than 3

HRH Premier holds talks with Philippines President’s Special Envoy

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al-Khalifa received at Gudaibiya Palace Philippines President’s Special Envoy to the GCC Dr. Amabel Aguiluz, who conveyed greetings from Philippines President Benigno Aquino and wishes

Captain Shaikh Nasser promoted to the rank of colonel; appointed BDF Royal Guard Commander

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His Majesty King Hamad bin Isa Al Khalifa issued decree 29/M for 2011 promoting Captain Shaikh Nasser bin Hamad Al Khalifa to the rank of colonel with effect from June 16, 2011. Colonel Shaikh Nasser was appointed as BDF Royal Guard Commander with ef

Objectivity holds highest esteem in reporting: HRH Premier

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The Cabinet called upon the international community to be more accurate and refer to official sides when dealing with sensitive issues such as human rights and labour conditions, asserting that taking information from un-authorised sides may generate

Royal Court mourns the demise of Ibrahim Humaidan

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The Royal Court mourned the demise of the Chairman of the Constitutional Court Ibrahim Mohammed Hassan Humaidan. The demised was one of the country’s loyal men who had served his country with honesty and devotion taking up several posts the last of

‘There is no US peace initiative to salvage the stalled ME peace process’

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A senior Palestinian official denied Israeli press reports about a new US initiative to salvage the stalled Middle East peace process and indicated that the plan for seeking international recognition of an independent Palestinian state unilaterally m

The first half proves quite volatile for the equity markets: Dexia

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The first half of 2011 has been quite volatile and equity markets now need some time to digest all this and find some solid ground again, according to Dexia Asset Management. “Fundamentally, valuations and corporate profitability remain the key

Alba exceeds its projected targets in first half of 2011: Chairman Alba

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Despite the unfolding events in the region, Aluminium Bahrain (Alba) is upbeat to achieve a healthy financial performance for the first half of 2011, surpassing current growth targets and remain confident of maintaining a positive outlook for the res

TRA announces the number portability for mobile and fixed lines telephony

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The Telecommunications Regulatory Authority (TRA) announced that Number Portability will be available to consumers starting from July 17 for mobile telephony and two months later for fixed telephony. This announcement comes following the appointment

Central Bank assures enough liquidity for the Bahrain’s banking system

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The Central Bank of Bahrain (CBB) on Monday assured the availability of the liquidity, among other things, to keep the smooth functioning of the banking system of the financial capital of the Middle East This was announced during the CBB Board of Dir

Explosive growth of social networking fuels changes in the political landscape of the region

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Ubaidly Al Ubaidly Head of Organizing Committee MEET ICT 2011 in his opening speech highlighted the explosive growth of social networking and how this phenomenon is changing the political landscapes across the Middle East. In the beginning of year 20

MEET ICT 2011 Conference and Expo reinforces Bahrain’s position as emerging ICT Hub: Minister

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Bahrain on Monday hosted over 300 delegates and 28 exhibitors from across the region, reinforcing Kingdom’s position as rapidly emerging ICT hub in the region. The two-day MEET ICT 2011 Conference and Expo opened by Kamal bin Ahmed Mohammed, Mi

BNA Chief holds talks with NNA head

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Director of the Bahrain News Agency (BNA) Mohanned Suleiman with his Lebanese National News Agency (NNA) counterpart Laure Sleiman Saab, currently on a visit to the kingdom to take part in the 40th General Assembly of the Federation of Arab [...]

Prince Salman honours Military graduates

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On behalf of His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, attended at the Shaikh Isa Royal Military College the graduation ceremony of the 20th [...]

Arab News Agencies’ need to be objective

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The General Assembly of the Federation of Arab News Agencies (FANA) thanked the Government of the Kingdom of Bahrain represented by the State Minister of Information Affairs, Samira Bint Rajab for inviting all the Arab News Agencies to attend the [..

Women Gateway Portal gets Zain Bahrain support

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As part of its commitment to supporting the strengthening of women’s causes and initiatives, Zain Bahrain has announced that it will sponsor Bahrain Business Women Society in the popular women’s portal www.womengateway.com which serves as an info

Nuclear power plants to meet 25% annual growth in electricity demand in the Middle East between 2010-15: Deloitte

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Nuclear power plants to meet 25% annual growth in electricity demand in the Middle East between 2010-15: Deloitte In the latest Deloitte periodical publication, ‘Middle East Point of View’ which hosts independent analysis and views from experts,

Saudi economy to expand 5.9% in 2011: Fitch

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With the projection of economic growth of 5.9% this year, the banking sector of Saudi Arabia is stable, indicating that it has limited expectations of changes in the banks’ long-term issuer default ratings (IDRs) in the near to medium term, acc

StanChart hosts conference on working capital management

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Standard Chartered hosted a client conference to discuss trends and issues in liquidity management in Bahrain. The event was attended by over 25 senior finance and treasury representatives of the Bank’s clients. “The event comes at an ideal t

Alba launches the Code of Conduct

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Alba’s top executive announced a formal launch of Code of Conduct during a ceremony on Tuesday. The Code of Conduct provides a set of expectations explaining how Alba conducts business and interacts with external bodies The Code of Conduct sets

Etihad launches new kids’ packs

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Etihad Airways, the Abu Dhabi-based national airline of the United Arab Emirates, has launched new kids’ packs, custom-designed to keep children content and entertained when flying with the airline. The launch of the new kits is well timed with the

MEET ICT 2011 conference concludes with a resounding success

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The Information and Communication Technology Conference MEET ICT 2011 concluded on Tuesday, at the Crowne Plaza Hotel. Held under the patronage of Kamal bin Ahmed Mohammed, Minister of Cabinet Affairs, this year, MEET ICT 2011 conference included lar

National Safety Court heard seven cases

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The National Safety Court heard seven criminal cases, the Military Prosecutor in a statement said. In the first case, Sadeq Taher Ibrahim stood trial over attempted murder, protesting illegally and inciting the hatred of the ruling system. The court

National Dialogue remains a key to achieve greater national unity: HRH Prince Salman

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The National Consensus Dialogue is the key to success in fostering unity and bringing Bahrain back on the fast track. This was stated by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander as he received a

Bahraini delegation extends inivitation to Congressman Jesse Jackson Jr.

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Bahrain’s parliamentary delegation currently visiting the United States, led by Chairman of the Committee on Foreign Affairs, Defence and National Security at the Bahrain Shura Council, Dr. Salah Ali, said that the National Dialogue which will

Bahrain’s telecom sector remains strong performer

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The market indicators of the telecoms sector in Bahrain have show excellent growth, especially in light of the global economic downturn during that period, according to the TRA stats for Q2 of 2012. Shaikh Fawaz Bin Mohammed Al Khalifa, Minister [...

Diplomat Jauhar Saleem becomes new Ambassador of Pakistan in Bahrain

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A career Diplomat Jauhar Saleem has become new Ambassador of Pakistan in Bahrain. The newly appointed envoy took over the charge from the Charge d’Affaires Aurangzeb on Thursday for a full three-year term. Ambassador Saleem’s last posting

Government remains committed to maintain the writ of law in the country: IAA

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The forthcoming National Dialogue will be an opportunity once again to unite the country and emerge with a broad consensus that will see further progress in political, social and economic reforms initiated by His Majesty King Hamad bin Isa Al Khalifa

Bahrain’s insurance market shows resilience to the recent unrest: Central Bank

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Despite the unfolding events in the Middle East in general and in the Kingdom of Bahrain specific, the Insurance sector showed sustained patterns of growth during the first quarter of 2011, according to statistics released by the Central Bank of Bahr

Islamic Science Rediscovered to revisit the US

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‘Islamic Science Rediscovered’ also known as ‘Sultans of Science’, the global traveling exhibition created by Dubai and Cape Town based, MTE Studios returns to the United States following a popular demand. Originally started at the Ibn Ba

Over $234b SMBs gets HP tech boost

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With the total size of $234 billion small and midsize businesses will get a new boost from the HP new solutions. HP solutions are based on advanced technology and an expanded entrepreneur program to enable small and midsize businesses (SMBs) to drive

ABG donates $400,000 to the UoB

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Reflecting its deep belief in the importance of national responsibility towards the nation and the society, Bahrain-based Al Baraka Banking Group (ABG) has donated the University of Bahrain of $400,000 to support ongoing rehabilitation of the univers

harman house unveils new JBL ‘on-air’ wireless airplay speaker dock in Bahrain

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‘harman house’, the leading retail chain in home, professional and car infotainment, is taking the hassle out of connecting a cable between your iPod and a speaker, with the launch of the new JBL ‘On-Air’ Wireless AirPlay speaker dock. The re

Markaz Fixed Income Fund yields 2.48% YTD

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Kuwait Financial Centre (Markaz), one of the Middle East’s leading investment banking and asset management companies, announced the performance of Markaz Fixed Income Fund which had a positive return of 2.48% YTD, despite the current political unre

Qatar Airways places $2.1b order for GE90-115B-powered Boeing 777-300ERs

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Qatar Airways has ordered six GE90-115B-powered Boeing 777-300ERs. The engine deal is valued at more than $350million list price. “Qatar Airways currently operates 25 GE90-powered Boeing 777 with an additional 15 aircraft on order,” said Kevi

Jazeera Airways expands CFM56-5B-powered A320 Fleet with $80 million engine order

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Jazeera Airways has placed an order for CFM56-5B engines to power four brand new Airbus A320 aircraft scheduled to be delivered to the airline between 2012 and 2014. The engine order is valued at $80 million at list price. Jazeera Airways, which bega

Saar Central advocates reef protection in Bahrain

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Saar Central, an 82 villa luxury residential development in the Kingdom of Bahrain, in line with their ethos to support environmental causes around the island, has pledged its support for Reef Arabia. Reef Arabia, the first authorized supplier of art

Fire victims blame Pakistan embassy for doing ‘too little’

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Over twenty survivors of the Manama apartment fire, which killed at least 13 labourers from Bangladesh out of total 60 expatriate workers living in that building, blamed Pakistan embassy for showing cold shouldered response and doing nothing for them

Minister Fakhro visits local markets

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Within the framework of weekly follow up the Ministry of Industry and Commerce led by the Minister Dr. Hassan Fakhro to local markets in order to check markets movement in the Kingdom, the Minister and a number of ministry’s officials [...]

LG Cool Summer Promotion becomes an instant hit

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The LG Cool Summer Promotion is spreading its magic all over Bahrain. The customers receive a raffle coupon on every BD 10 spent under this promotion. This promotion is running for the period 23rd June 2011 to 28th July 2011. The promotion is unique

LG offers washing machines with 10 years warranty

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To celebrate an impressive five years as the runaway market leader in home appliances, LG Electronics are rewarding their loyal customers by offering a unique 10 year warranty on Inverter Direct Drive Motor washing machines to all its customers in th

CitiFX Pro voted best retail FX platform

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The readers of Profit and Loss, a leading UK magazine following the global currency and derivatives markets, have given Citi’s CitiFX Pro their “Reader’s Choice” Digital Markets Awards for margin FX trading. In the bank provider categories, C

Avenue Car Rental gets 50 Hyundai cars

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Avenue Car Rental and Leasing, subsidiary of A. Dadabai Group of Companies WLL, purchased a mix of 50 units of Hyundai Hatchbacks and Sedans to meet the new and retained customer’s spot rentals and long term lease requirements. Avenue’s purchase

eGov Authority gets ISO 9001: 2008 quality management certification

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The eGovernment Authority recently received the ISO 9001:2008 Quality Management Systems standards certification after passing an independent evaluation conducted by BUREAU VERITAS certification, the official accreditation organization. The ISO 9001:

Zain honours winners of Zainers talk more

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Muneera Mohammed AlJowder, Rania Hubaishi, Edward Machado, Baqer Charagh, Niklas Lillelund, Ruthnalyn Conde, Abedali Khayer, Reyadh Al Yaqoob, Mazhar Ali, Mariam Yousif, Mohammed Al Khayat, Seth Larson, Sam Mathew, Jaser Selwanes, Haya Al Baz, Yaser

Bapco organizes a successful scientific seminar on eclipse

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Bapco hosted a scientific seminar on eclipse at Bapco Club in Awali, as part of its ongoing efforts to boost scientific research in Bahrain. The seminar was held in collaboration with the Physics Department of University of Bahrain and the Informatio

Megan Fox unveils LG Electronics Cinema 3D TV in the ME

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More than 3,500 people attended LG Electronics’ highly anticipated Middle East launch of its next-generation CINEMA 3D TV at Ferrari World, Abu Dhabi in the presence of Hollywood actress, Megan Fox, the female lead of the Transformers films: Reveng

National Dialogue invitation expires today

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Parliament Speaker and Chairman of the Bahrain National Dialogue Khalifa Al Dhahrani announced that Sunday evening (June 26th, 2011) would be the last day for receiving the views and names of the participants in the upcoming National Dialogue. The pr

Mohannad bags highest votes in BJA polls

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Bahrain News Agency (BNA) acting director Mohannad Suleiman, who bagged the highest votes on Saturday during the BJA elections, extended his deepest thanks and appreciation to members of the Bahrain Journalists Association (BJA) for electing him as b

Police launches probe into an alleged murder case

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Chief of Public Security Major-General Tariq Al Hassan on Saturday said that the Operations Headquarters at the Ministry of Interior received a report at 2:30 AM related to the admission of an injured person at Bahrain International Hospital. Ahmed Ismael [...]

Bahrain presents proposal to GCC Olympics heads

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President of the Supreme Council for Youth and Sports and President of the Bahrain Olympic Committee Shaikh Nasser bin Hamad Al Khalifa presented Bahrain’s proposal at the GCC Olympic Heads Committee that included assigning the executive office of the committee [...]

Countdown begins for eGovernment Forum 2012

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The countdown has begun for the launch of the fifth Bahrain International eGovernment Forum 2012 which will be held from 8th to 11th April, 2012 under the patronage of His Highness Shaikh Mohammed bin Mubarak Al Khalifa, Deputy Prime Minister, [...]

Bahrain-Arab European Institute co-operation discussed

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Culture Minister Shaikha Mai bint Mohamed Al-Khalifa received Spain-based Arab European Institute director-general and discussed exchanging expertise and openness on diverse cultures in the world to enrich human thought. The two sides discussed the programmes and activities of the Manama [...]

ICG lauds Bahrain’s reforms

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International Crisis Group deputy director for the Middle East and North Africa Joost Hiltermann paid tribute to His Majesty King Hamad bin Isa Al-Khalifa for the landmark reform he had undertaken. He also hailed the implementation of the recommendations cited [...]

Manama Human Rights Centre launched

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Manama Human Rights Centre was alunched at the Marina Club in the presence of its members, founders and a group of youth interested in human rights issues. The centre’s president Bassam Al Abdullah affirmed during his welcoming speech that the [...]

ILO dismisses complaint against Bahrain on dismissed workers

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Director General of the International Labour Organization (ILO) Juan Somavia has welcomed and expressed delight at the Kingdom’s resolve to solve the issue of dismissed workers seriously, expressing hope and confidence that the file will be finalized as soon as [...]

Shaikh Nasser receives by Prince Nawaf

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President of the Supreme Council for Youth and Sports and President of the Bahrain Olympic Committee Shaikh Nasser bin Hamad Al Khalifa received the General Director of Youth and President of the Saudi Olympic Committee Prince Nawaf bin Faisal bin [...]

Al Wefaq walks away from the National Dialogue?

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Bahrain’s main opposition party Al Wefaq has failed to accept the invitation extended by the Chairman the National Dialogue Parliament Speaker Khalifa Al Dhahrani. There was no official statement issued by Al Wefaq despite the expiry of the deadlin

Chairman of the National Dialogue receives over 150 topics for debates

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Parliament Speaker and Chairman of the Bahrain National Dialogue Khalifa bin Ahmed Al Dhahrani announced that the chairmanship of the National Dialogue has received more than 150 views and issues for the National Dialogue. He added that the participa

Bahrain’s economy is on the rebound: BCCI Chairman

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Chairman of the Bahrain Chamber of Commerce and Industry (BCCI) Dr. Issam Abdulla Fakhro expressed optimism that the Kingdom’s economic sectors will be boosted in the coming period with the start of the National Consensus Dialogue. He also said

National Dialogue is a historic opportunity: HRH Premier

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This is a common goal which requires everybody, who will take part in the dialogue, to participate effectively and place the national interest above anything else. This was stated by HRH the Prime Minister during the weekly cabinet meeting and highli

Rawabi launches new range of products

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Rawabi, Next Generation Network Solutions, the Bahrain-based telecommunications provider of customized network solutions, will launch a wide range of products which will potentially cater to business organizations of any size and background. From SME

KFHB CEO Abdulhakeem Alkhayyat hosts staff

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Kuwait Finance House Bahrain (KFH-B) held its regular full day out with the Bank’s Managing Director and CEO at Durrat Al Bahrain. Each month, 20 randomly picked staff from the bank is given an opportunity to spend a full day out of the office with

KESC commissions first turbine of the 560 MW BQ 2 flagship project

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The Karachi Electric Supply Company (KESC) has successfully synchronized first of the three gas turbines of the 560 MW Bin Qasim Power Station-II and plans to start commercial operation after completion of commissioning tests. To sustain commercial o

BBK donates BD 5,000 to Al Manar for Parents’ Care

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In line with their strategic initiatives for a brighter community, BBK presented a cheque of BD 5,000 as a gesture of their support towards Al Manar for Parents’ Care. The cheque was handed over by Abdulkarim Bucheery, Chief Executive of BBK to Sha

Manara Developments launches phase-I Wahat Almuharraq Project

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Manara Developments launched Wahat Almuharraq project which is comprised of 47 villas designed to suit the needs of middle income families, bringing together spectacular design, superb quality, and an ideal location. “Wahat Almuharraq” is moving

SMBs become hot target for cybercriminals

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News coverage on Internet security breaches is dominated by large companies and government, but SMBs are a favourite target for cybercriminals, according to Symantec. The report suggested that hackers and cybercriminals do target SMBs as they tend to

Bahrain’s 3-way Islamic banks’ merger concludes

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The Kingdom of Bahrain, the Islamic banking hub, witnessed the completion of three-way Islamic banking merger. Kuwait Finance House-Bahrain (KFH-B) on Monday confirmed the closing of the merger between three Bahrain-based Islamic banks namely Elaf Ba

A Bahraini court upholds the sentences in terror plot case

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Attorney General, Abdulrahman Al-Sayyad, said that the Cassation Court issued verdicts in the appeals submitted by convicts of the “terror plot” case, accepting the appeals in form and upholding the previous rulings. He added that charges

HRH Premier orders all possible help for fire victims

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has issued directives to the concerned authorities to ensure all help to the injured and the families of the fire victims. Thirteen workers were burnt to death on Friday [...]

Bahrain to host the joint Arab Bourse

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Bahrain Ambassador to Saudi Arabia Shaikh Humood bin Abdulla Al-Khalifa announced the move following directives from His Majesty King Hamad bin Isa Al-Khalifa. HM the King has also granted a land plot to construct the planned Arab Bourse headquarters

Emiratis to travel free to watch Bahrain-UAE match

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President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued directives to allocate airplanes to operate flights to carry football fans to Bahrain to support the UAE national football team in the semi-final game of the 21st Gulf Cup of [...]

Minister Fakhro visits The Walk

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The Ministry of Industry and Commerce Dr. Hassan Fakhro visited The Walk in Riffa in order to check the movement in such utilities the Kingdom. During his visit, Dr. Fakhro was received by Amal Al Murbati the CEO of Seven [...]

GCC pipeline networks need over 5.3m tons of steel pipes

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Arabia Essen Welding & Cutting, Tekno Arabia and Tube Arabia, the 3-in-1 show, concluded with strong industry support for forming an Arab Tubes and Pipes Association. Organizers of the shows said that with the additional pipeline networks in GCC requ

Etihad carries 33,802 passengers in a day

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Etihad Airways has started the New Year by setting a record for the number of passengers carried across its worldwide network in a single day. The record was set on Saturday 5 January 2013 when 33,802 passengers flew with the [...]

Bahrainis capable of surmounting all challenges

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has asserted that the will of the Bahraini people is mightier than all challenges, voicing full confidence in the Bahraini citizens’ ability to safeguard national interests,

Bahrain to attract $45b investments by 2017

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As for the future of investments in Bahrain, estimates by the Unified Arab Economic Report and projections by the International Monetary Fund show that in the next five years between 2013 and 2017, total investments in Bahrain are expected to [...]

Dr Saad Al Barrak highlights essentials of leadership

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Addressing the Tamkeen Conference at the opening day of the two-day event keynote speakers of Tamkeen Expo 2013 Dr. Saad Al Barrak, ILA Group Chairman, and Rama Chakaki, Co-founder and CEO of Dubai-based Baraka Ventures, discussed the role of entrepr

Bahrain is moving towards excellence, prosperity

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Bahrain is taking steady and sure steps toward further progress and prosperity under the reform initiatives of His Majesty the King and the astute guidance of HRH the Crown Prince Salman bin Hamad Al Khalifa, Chairman of the Economic Development [...

Dubai realty sector shows signs of optimism

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Dubai real estate market is witnessing a selective recovery as optimism has returned over the second half of 2012, according to Jones Lang LaSalle Q4-2012 Dubai real estate report. “2012 ended with a flurry of new project announcements as increased

UAE emerges as leader in pipes and tubes industry

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One fifth of the UAE’s tubes and pipes requirements are met internally and the UAE has built strong capabilities that has placed the country as a serious competitor to international companies in terms of quality and prices, according to industry [.

Tamkeen Chairman lauds private sector role

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Tamkeen Chairman Shaikh Mohammed bin Essa Al Khalifa on Monday lauded the role of the private sector in the economic development of the country. Shaikh Mohammed, who accompanied by senior officials of Tamkeen and participants opened the exhibition at

Global spending on digital info and entertainment products to reach $2.1t

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In 2010, consumers globally spent $2 trillion on digital information and entertainment products and services, and this will increase to $2.8 trillion by 2015, according to Gartner, Inc. worldwide consumer spending on digital information and entertain

Yellow metal still dominates the demand: Bank Sarasin

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With the European debt crisis showing no signs of abating, and on-going concerns about the US government’s sovereign credit rating, gold prices have continued to rise driven by investor demand, according to Bank Sarasin, report. Slowing global econ

BIA’s annual passengers handling capacity to reach 13.5m

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With launch of the BD4.4 million expansion of Bahrain International Airport, the passenger handling capacity will get 50% increase from the current nine million to 13.5 million a year, a top official at the Bahrain Airport Company (BAC), said. BAC, a

Sakana Busaiteen housing project is on the right track: CEO

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Bahrain-based Sakana Holistic Housing Solutions, the Islamic mortgage finance provider announced that phase one of “Sakana Busaiteen” residential housing project progress is on track and scheduled for handover next month. “Sakana Busaiteen” p

Hamad Al Zayani gets elected as new President AmCham Bahrain

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The American Chamber of Commerce in Bahrain (AmCham) during its annual general assembly unanimously elected Hamid Rashid Al Zayani was elected as the new President of AmCham, Bahrain. The meeting also approved the other agenda and programme for the y

Bahraini banks upbeat on better half-yearly yields in 2011: BAB CEO

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Abdulkareem Bucheery, the Chairman Bahrain Association of Banks (BAB), on Tuesday said that Bahraini banks would produce better half-yearly results at end of June, thanks to the level of rising optimism in the market and consolidation of the business

National Safety Court has the jurisdiction to hear cases

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The National Safety Courts will continue hearing the cases referred to it before the lifting of the State of National Safety on June 1 until final verdicts are issued, as indicated by Article (13) of Royal Decree (18) for 2011, the Military Prosecuto

Bahrain is set to host MEOS 2011 in September

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Energy Minister Dr. Abdul Hussein bin Ali Mirza, said that the world’s premier oil and gas show MEOS 2011 would be held under the auspices of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa from September 25 to 28 at the Bahr

GCC Food Sector Outlook positive: Alpen Capital

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With the combined GDP of GCC to reach $1.8 trillion in 2015 from $1.1 trillion in 2010, the growth and outlook of the food sector remains a very important issue for this region, according to a senior official at Alpen Capital. “Although these count

Dr Fakhro, Jameel Humaidan meets US Trade Rep. Ron Kirk

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Industry and Commerce Minister Dr. Hassan Abdulla Fakhro and the minister of Labour Jameel Mohammed Ali Humaidan met with US Trade Representative Ron Kirk in Washington DC, in a presence with Ambassador of the kingdom of Bahrain in the US Huda Nunu a

Lower National Safety court adjourns two cases

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The First Lower National Safety Court heard two cases, the Military Prosecutor, in a statement said. In the first case, Hadi Ahmed Hassan Makki stood trial over charges of hiding crime tools, inciting the hatred of the ruling system and protesting il

HRH Premier receives officials and citizens

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa asserted that the honourable national stances voiced by all segments of the Bahraini society will be recorded in the kingdom’s history in golden letters. “Those stance

Interior Minister urges public security to be vigilant and prepared for challenges

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Interior Minister Lieutenant General Shaikh Rashid bin Abdulla Al-Khalifa on Monday inspected the Public Security line at the Special Forces’ Square. Present were Public Security Chief Major-General Taraq Mubarak bin Daina and Special Forces Co

BDF Commander-in-Chief patronises symposium

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Under the patronage of Commander-in-Chief of the Bahrain Defence Force (BDF) Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa, the BDF Directorate of National Safety organized, at the Isa Royal Military College, a symposium on “the Arab Penins

HRH Premier meets citizens from Central Governorate

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa described today the unfortunate events Bahrain has passed through as a clear derailing off the Bahraini values of peace, co-existence and tolerance. “There have been pitfalls of

Ithmaar remains proactive in 2011 despite challenges

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Ithmaar Bank remains firmly committed both to its shareholder and to Bahrain, and has delivered on the promises it made last year by significantly increasing its income and dramatically expanding its retail banking network despite the unprecedented challenges of 2011. [...]

SmartShow Ltd appoints Bahraini Co as ME rep

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SmartShow Ltd, the creators of ShowGizmo (the mobile app platform for events, tradeshows and conferences), has appointed Bahrain based Megan MacLeod as Middle East Representative, alongside John Quinn from the UAE, to represent the company throughout the region. “We identified [...]

UNCHR will be a part of Bahrain’s fact finding mission

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His Majesty King Hamad bin Isa Al Khalifa on Wednesday announced to set up a fact finding mission to look into the unfortunate events of February and March by including the broad spectrum of organizations including the office of the United Nations Hi

Extremism will not be allowed to hijack reforms: HM King

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His Majesty King Hamad bin Isa Al Khalifa, on Wednesday underlined the importance of national unity, cohesion and support to the ongoing reforms in the country. His Majesty in his speech while chairing an extraordinary cabinet meeting at Al Sakhir Pa

Over 300 to attend the opening session of the National Dialogue

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The National Dialogue, which was called for by His Majesty King Hamad bin Isa Al Khalifa, will kick off on July 2nd, 2011 (Saturday) with the participation of more than 300 figures, representing all segments of the Bahraini community. Participants we

White House welcomes move for setting up an independent commission

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Deputy Spokesman Mark Toner welcomed the announcement by His Majesty King Hamad bin Isa Al Khalifa for establishing an independent committee to investigate the events surrounding recent protests in Bahrain. Toner added that this decision to appoint a

Ambassadors get briefing on HM King’s speech at Foreign Office

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Foreign Ministry Undersecretary Abdulla Abdullatif Abdulla received ambassadors and updated them on the keynote address of His Majesty King Hamad bin Isa Al-Khalifa in the extraordinary Cabinet, which was held on June 29 meeting at Al-Sakhir Palace.

National Dialogue remains a key to achieve national consensus for peaceful coexistence: Official

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The objectives of dialogue will help in identifying the various points of views, to research and survey the various views and scenarios available, and to find a compromise ground shared by all, according to the official spokesman for the National Dia

NIKE raises FY15 revenue target to $28-30b

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NIKE, on Thursday presented an overview of its fiscal 2011 results by reviewing progress on key strategic initiatives to achieve sustainable, profitable long-term growth across its global portfolio of brands. During an investor meeting at its world h

Fitch affirms SABIC at ‘A+’ with outlook stable

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Fitch Ratings has affirmed Saudi Basic Industries Corporation’s (SABIC) long-term issuer default rating (IDR) at ‘A+’, senior unsecured rating at ‘A+’ and Short-term IDR at ‘F1′. The outlook on the long-term

IDB spends $3.8b spent on projects in 2010

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Saudi Minister of Finance, Dr. Ibrahim Alassaf on Thursday chaired the opening ceremony of the working session of the 36th Annual Meeting of the IDB Board of Governors, which was held under the patronage of Custodian of the Two Holy Mosques. The Mini

Al Saqafa board calls on Ambassador Jauhar Saleem

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Al Saqafa, the Pakistan Association’s new board, headed by the Chairman, Syed Altaf Azim, 5th from left, called on Jauhar Saleem, 4th from left, new Ambassador of Pakistan. Mujtaba Barlas, Vice Chairman, Imtiaz Ahmed Syed, General Secretary, Muhamm

GPIC completes the 1st Responsible Care RC 14001 successfully

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In line with directives issued by Shaikh Isa bin Ali Al Khalifa, the Chairman of the Gulf Petrochemical Industries Company’s (GPIC) and the commitments of the GPIC Board of Directors towards continuous improvements and progress, GPIC has implemente

Germany welcomes Bahrain’s dialogue initiative

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The royal directives of His Majesty King Hamad bin Isa Al Khalifa to resume the National Consensus Dialogue have been hailed by Germany. Germany encourages all sides to accept this call and take part immediately in this process, the German [...]

A youngster dies of a head injury

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The Health Ministry confirmed that the deceased Mahmood Isa Mohammed Abd Ali was admitted to Salmaniya Medical Complex (SMC) on February 15. He was suffering from dizziness and a wound in his head after reportedly falling in the bathroom, according [

Batelco hosts the first ever tech expo

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Batelco, the Kingdom’s leading Communications Solutions provider is hosting its first technology exhibition, Batelco Tech Show to give visitors an insight into the latest technologies from a variety of vendors, plus exclusive benefits and discounts

Human Rights Minister meets with his Egyptian counterpart

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Human Rights Affairs Minister Dr. Salah bin Ali Abdulrahman met Head of Egypt’s National Council for Human Rights (NCHR) Hassan Al Ghiryani, in the presence of NCHR Secretary General Dr. Abdullah Al Asha’al. They discussed issues of mutua

Police arrests four in attempted murder case

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Four suspects, accused of attempted murder of a street cleaner in Adliya and forming a terrorist group, will appear before the High Criminal Court for trial on March 17, Chief Prosecutor Ahmed Mohammed Bujiri said. The suspects were arrested, after [

Bahrain will never bow to terror: NUA Chief

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Thousands of Bahrainis rallied to mark the second anniversary of the National Unity Assembly (NUA). NUA chairman Shaikh Abdullatif Al-Mahmoud addressed the massive gathering, slamming parties which seek to exploit loopholes and seek the assistance of

HM King extends thanks for massive show of solidarity

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His Majesty King Hamad bin Isa Al-Khalifa extended thanks and appreciation to the participants in the massive gathering, which was held this evening in Arad, Muharraq, to mark the second anniversary of the National Unity Assembly. HM the King took [.

HRH Premier lauds patriotic stances

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His Royal Highness Prime Minister, Prince Khalifa bin Salman Al Khalifa, praised the hounourable patriotic stances voiced by the Bahraini people during various national occasions. HRH Premier greeted the participants in the national unity rally held

$1t Islamic finance industry eyes liquid markets

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Islamic Finance a $1 trillion industry growing at over 15% annually is seeking evolved screening methodologies and deeper sector coverage in order to benchmark and create funds and investment vehicles to tap into this increasingly liquid markets, acc

Bahrain issues eight licenses to new banks: CBB

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With Bahrain’s gross domestic product is likely to see a steady growth of 3% in 2011, the Kingdom has issued eight licenses to the new entities to start operations in Bahrain, according to a top official at the Central Bank of Bahrain. In an interv

Al Baraka Bank Algeria to get new HQs

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Al Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group BSC (ABG), announced the signing of contracts for the establishment of the bank’s headquarters in the Algerian capital. The contracts were signed in Istanbul, Turkey i

BMI Bank supports IMF/WB meetings

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Bahraini retail and commercial banking institution, BMI Bank announced its sponsorship of the Banks in Bahrain reception at the 2011 International Monetary Fund/World Bank Conference to be held in Washington D.C. on the 24th of September 2011. The ev

Zain honours winners of e-waste recycling inititaive

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Four lucky winners for the month of June went home with new BlackBerry handsets, thanks to their green action of disposing their old and unusable mobile phone safely under the ongoing Zain National Mobile Phone and e-Waste Recycling Campaign. They ar

Bahrain Air starts Istanbul flights

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Bahrain Air, the second national carrier of the Kingdom of Bahrain, announced the start of direct flights to the commercial capital of Turkey, Istanbul. Bahrain Air will operate four flights a week this summer season to Istanbul’s Sabiha Gokcen Int

Overwhelming majority of 94% attends the opening session of Bahrain’s National Dialogue

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With the participation of 94 per cent out of 300 invited delegates by the Chairman of the National Dialogue, the Kingdom of Bahrain entered into a new era of greater transparency and democracy by seeking consensus on national issues through discussio

HRH Prince Salman holds talks with French President Sarkozy

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His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince and Deputy Supreme Commander, met with French President Nicolas Sarkozy at The Élysée Palace, in the presence of Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al-Khalifa. H

Gulf Air extends its wings to Copenhagen

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Gulf Air, the national carrier of the Kingdom of Bahrain, commenced its services to Copenhagen, the capital of Denmark. The inaugural flight took off from Bahrain International Airport at 1:30 am landing at Copenhagen at 7:30 am. “With the commence

European Union welcomes setting up a fact finding mission

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EU High Representative for Foreign Affairs and Security Catherine Ashton, the High Representative of the European and Vice-President of the EU Commission welcomed the move to set up a fact finding mission in Bahrain. “I welcome the establishment of

Al Hawaj Salmaniya remains open for 12 hours

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Starting from February 1st, Al Hawaj flagship store in Salmaniya will remain open for 12 hours from 9am to 9pm daily, it was announced by the Group Chairman during a Press conference. Al Hawaj Group Chairman and Managing Director Jawad [...]

Terror blast targets on duty police officers

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al-Khalifa condemned the terror blast which targeted security forces on Budaiya Highway, leaving a number of policemen injured whilst on duty to protect people’s lives and maintain nationa

Microsoft unveils Office 365 Home Premium

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Microsoft Corp. announced worldwide availability of Office 365 Home Premium, a reinvention of the company’s flagship Office product line for consumers. Office 365 Home Premium is a cloud service designed for busy households and people juggling ever

EMEA capital goods M&A likely to rise

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Philips’ sale of its consumer electronic business to Funai Electric on Tuesday is a prime example of EMEA capital goods companies shedding units to refocus their portfolio on higher-return businesses, Fitch Ratings says. Disposals like this are

Public Prosecution initiates investigation

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The Public Prosecution said on its “twitter” account that it was investigating into the case of the deceased Mahmoud Al-Jaziri since his injury and admission into the hospital. In this regard, Head of the special investigation unit in the case [.

Police confirms death of a young Bahraini

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Director General of Metropolitan Police said that the main operations control room received at 6am in the morning February 22, 2013 a communication from Salmaniya Hospital of the death of Mahmoud Isa Mohammed, who was admitted to hospital by his [...

NBB ATM in Sitra becomes the latest target

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The automated teller machine (ATM) of National Bank of Bahrain (NBB) in Sitra burnt to ashes after an alleged arson attack by unknown thugs on Friday late evening, eye witnesses confirm. There were at least three ATMs were attacked in [...]

KFH-B launches 6th mentorship programme

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KFH-Bahrain, in association with InJaz Bahrain, announced the launch of the 6th Annual Bahrain Sophia Antipolis Mentorship Programme. The Programme is a joint initiative between Kuwait Finance House-Bahrain and InJaz Bahrain, a non-profit youth devel

Interior Ministry warns for holding illegal protests

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Official Spokesman of the Interior Ministry Brigadier Tareq Al Hassan stated that a number of unlicensed demonstrations took place in the kingdom recently with the participation of a few numbers, asserting that security forces have dealt with them ac

Majority of GCC businesses embrace social media

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Get social, get selling is a new approach adopted by the overwhelming majority of 66% businesses in the GCC which opened up a new era for the social networking across the board. The last year has seen half of companies in the Gulf successfully use so

Lack of strategy costs millions to realty sector in the GCC

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GCC real estate businesses collectively lose a significant amount of money by not adopting a strategic approach to communications planning, according to a study. “Our study estimates that money could be saved if more internal research was carried o

Murabaha transactions take center stage at workshop

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The Central Bank of Bahrain (CBB) and the Bahrain Financial Exchange (BFX) hosted a workshop at the CBB premises in the Diplomatic Area in which all Islamic bank licensees were invited to attend this workshop. The workshop focused on e-Tayseer which

‘Bahrain remains an important financial centre in the GCC’

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Standard & Poor’s on Monday its latest report said that Bahrain would remain an important financial center in the GCC despite some challenges being faced from the peer Gulf States Dubai and Qatar. Answering a question how Bahrain can regai

BBK-Markaz Fund-I produces robust performance

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BBK, Bahrain’s pioneer in retail and commercial banking, has declared the robust liquidation performance of ‘BBK – Markaz-I US Industrial Realty Fund’. BBK- Markaz-I was one of a real estate investment project established in 2002 by BBK and K

Middle East lacks talent for its energy and utilities sectors

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The scarcity of Middle Eastern nationals in meaningful employment in the energy and utilities sector is beginning to be urgently addressed by governments in the GCC countries, according to Kenneth McKellar, partner and Middle East Energy and Resource

Alba Chairman attends the National Dialogue

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The Chairman of Alba’s Board of Directors, Mahmood Hashim Al Kooheji will represent Alba at the National Dialogue whose sessions officially commenced on Saturday, July 2, 2011. He expressed appreciation to His Majesty King Hamad bin Isa Al Khalifa

BMI Bank appoints Eyad Yousif Sater as GM

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BMI Bank announced a key appointment of an experienced Bahraini banker Eyad Yousif Sater as the new General Manager, Support Services. Eyad, who joins BMI Bank from his previous position as Head of National Bank of Bahrain’s international branch in

LMRA to ease Bahrainisation quota restrictions

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LMRA Chief Executive Officer Osama Abdulla Al-Absi, who chaired a tripartite committee meeting in charge of reviewing the rate of Bahrainisation, announced that the percentage of Bahrainisation would be reconsidered following directives from the poli

Bahrain pledges $20m support for Syria

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Representing His Majesty King Hamad bin Isa Al-Khalifa, His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince and Deputy Supreme Commander attended the opening session of the International Humanitarian Pledging Conference for Syria, hel

Batelco to launch the BlackBerry Z10 smartphone

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Batelco announced to launch the new BlackBerry Z10 smartphone powered by BlackBerry 10 in Bahrain. The new BlackBerry Z10 is the first smartphone based on the re-designed, re-engineered and re-invented BlackBerry 10 platform, giving customers a power

KFH-B launches Sarat real estate financing

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KFH-Bahrain announced the launch of real estate finance for land buyers at Diyar Al Muharraq’s new Sarat residential plots. Khalid Rafea, Executive Manager and Head of Banking Group at KFH-Bahrain commented “the Bank is committed to provi

Tharawat sukuk fund yields 9.44% return in 2012

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Bahrain-based Tharawat Investment House (Tharawat) announced 5.06% profit returns of Tharawat Sukuk Fund for the second half of 2012, achieving a total return of 9.44% in 2012, and a cumulative return of 21.98% since its inception in February 2010. T

Arab countries urge to take firm political stands

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa and his Egyptian counterpart Dr. Essam Sharaf called upon Arab countries to unify their political stances, enhance their partnership and achieve complementarities between them. Th

Bahrain assures full support to Egypt

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Bahrain paid a rich tribute to Egypt for its sincere supportive stance during the recent deplorable events in the Kingdom. His Majesty King Hamad bin Isa Al-Khalifa expressed his deep appreciation as he received at Al-Safriya Palace Egytian Prime Min

Bahrain’s National Dialogue is a positive step

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Dr. Hala Sulabeekh from National Dialogue Society described the National Dialogue as a positive step for a brighter future of the Kingdom of Bahrain, hailing the active and positive participation of the social session which included 60 members repres

Planning Ministry establishment seen as crucial

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A leading Bahraini businessman Yousuf Mish’al emphasized that the economic axis during the session of national consensus dialogue witnessed proposals of views and visions related to boosting economic competitiveness and focused on the significance

National Dialogue gets underway with high hopes

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The first sessions of the National Consensus Dialogue, called by His Majesty King Hamad bin Isa Al Khalifa to usher in a new phase of national work that will help shape the Kingdom’s future which kick started on Tuesday. The dialogue represents a c

All is set for Bahrain’s National Dialogue

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All is set for the Bahrain’s National Dialogue which will address four main themes, namely: political, economic, social and human rights under which 15 listed sub-themes, according to Bahrain’s National Dialogue spokesman Isa Abdul Rahman. He add

Public rivets eyes on the outcome of the National Dialogue

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With the first session of the National Dialogue kicks off on Tuesday, the public is riveting its eyes on the outcome of this important national debate aimed at ironing out the differences, if any, among the various segments of the society. On the day

Bapco holds training on ICS, crises management

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Bapco, represented by its FH&S department, has recently approached various organizations including Chevron for the introduction of Incident Command System (ICS). The approach is in line with Bapco directives to review its Emergency Response System an

Ambassador Krajeski hails US-Bahrain economic ties

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US Ambassador to Bahrain, Thomas Krajeski, hailed distinguished economic relations between Bahrain and the USA which have been made stronger by the Free Trade Agreement (FTA). Speaking at a meeting at Bait Al Tijjar with board members of Bahrain Cham

Bahrain seeks consensus on politics sans violence

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Bahrain needs a popular and sustainable national consensus based on rejection of violence or attempts to cover it or justify it in order to keep the wheel of reforms, democracy and development march moving, Kingdom’s Human Rights Minister told an [

GCC Manama Summit will address crucial issues

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GCC Secretary General Dr. Abdullatif bin Rashid Al Zayani said that the forthcoming GCC Summit on 24th and 25th in Manama, derives its special importance from the crucial issues on its agenda, including progress of joint work between the member [...]

Ambassador Lindsay hails UK-Bahrain ties

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HMA, Iain Lindsay, British Ambassador to Bahrain, hailed bilateral relations between the two nations at the Bahrain British Business Forum (BBBF) Christmas Lunch meeting held at the Intercontinental Regency Hotel in Bahrain. The meeting was chaired b

Microsoft continues to support IT sector

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Microsoft, which hosted an event in Bahrain in collaboration with their cloud computing strategic partner HP and the participation of the Kingdom’s IT professionals representing the key enterprises in Bahrain, said it would continue provide latest

Palestine envoy lauds rare collection at Oil Museum

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As part of its constant endeavors to foster the concept of corporate social responsibility (CSR) and its continued desire to enhance mutual ties with varies establishments & organizations of the society, the Palestinian Ambassador to the Kingdom of B

Bahrain Toyota achieves global recognition

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Toyota Material Handling Division at Ebrahim K. Kanoo received the Sales and Customer Support Excellent Performance 2011 Award, during the annual Toyota Material Handling International Distributor Conference which was held in Yokohama, Japan. Hisham

DHL hosts gala evening to mark national day

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DHL Express, the International Specialists and world’s leading logistics company, hosted a musical gala evening for its customers and Bahrain’s VIPs marking the National Day of Bahrain. The highlight of the evening will be a performance by Egypti

Global Oil & Gas transactions decline in 1H

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Global Oil and Gas transactions have suffered a modest decline in both deal count and total value in the first half of 2012. However, increasing merger & acquisition (M&A) interest by MENA-based energy and petroleum (E&P) companies and investors has

ASSE-MEC honours BAPCO

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BAPCO was honoured at 10th Professional Development Conference and Exhibition organized by the American Society of Safety Engineers, the Middle East Chapter (ASSE-MEC), and held in the Kingdom of Bahrain from 18-22 February 2012, under the patronage of HE the Minister of the Interior HE Shaikh Rashid bin Abdullah Al-Khalifa in presence of key officials [...]

Fitch downgrades Jordanian banks

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Fitch Ratings has downgraded Jordan-based Bank of Jordan (BOJ), Jordan Islamic Bank (JIB), The Housing Bank for Trade and Finance (HBTF), and Cairo Amman Bank’s (CABK) Support Ratings to ’4′ from ’3′. The Support Rating Floor for BOJ and JIB has been revised to ‘B+’ from ‘BB-’. These rating actions reflect a weakening in the [...]

Bahraini team performs better during leg 4 of SATT

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Leg four of Sailing Arabia – the Tour was frustratingly slow for the nine-boat fleet but despite a lack of wind for most of the leg, the battle on the water was no less tense. Arriving in daylight for the first time since the tour began, the fleet entered Omani waters in the early hours [...]

Public welfare remains government’s top priority

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa affirmed that the government’s initiatives to develop vital facilities are going on so as to achieve citizens’ welfare cater to their needs and press ahead with growth and development. He pointed out, during an inspection visit to King Hamad University Hospital today, that optimizing [...]

LMRA chief discusses private clinics’ needs

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LMRA CEO Osama Abdullah Al-Absi discussed the needs of private clinics during a meeting, held at the Authority’s Head Office with the Health Sector and Medical Services Committee in Bahrain Chamber of Commerce and Industry (BCCI), and chaired by Dr. Khalid Al-Awadhi and attended by Dr. Hanan Marefi, Dr. Aysha Matar and Dr. Tariq Saeed. [...]

HRH Premier lauds efforts of patriotic citizens

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His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister received a number of participants of Al-Fateh Gathering and thanked them for their genuinely patriotic feelings. HRH the Prime Minister reiterated support to all gatherings which seek to consolidate national unity, and standing with any awakening which raises awareness and emotions towards the [...]

Consumer technology continues growth trends in 2012

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Demand for consumer technology will continue to advance in 2012 with record numbers of smartphones and tablets likely to be sold and demand from emerging markets, including the Middle East, for lower-cost televisions and computers boosting volumes, according to the predictions of Deloitte’s annual report on top technology trends for 2012, “Despite this upward trend [...]

BIC thanks Bassioni for supporting Bahrain Grand Prix 2012

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The board and executive management at Bahrain International Circuit (BIC) thanked Professor Mahmoud Cherif Bassiouni for his support of the 2012 Formula One Gulf Air Bahrain Grand Prix. Professor Bassiouni, Chairman of the Bahrain Independent Commission of Inquiry (BICI), sent a letter dated February 19, 2012, to Zayed Rashid Al Zayani, Chairman of the Board [...]

BNH reports BD3.3m net profit for 2011

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The Board of Directors of Bahrain National Holding Company (BNH) reported Group’s positive consolidated results for the year 2011 with net profit of BD3.3 million compared to BD3.8 million for the same period last year. BNH Group in a statement said that despite the decrease in net profits, primarily due to lower investment returns, the [...]

A.M. Best gets nod to open office at DIFC

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A.M. Best has obtained the necessary approvals to establish within the Dubai International Financial Centre in Dubai, UAE. The new office will operate as A.M. Best MENA, South and Central Asia, servicing clients throughout the region and developing new relationships to grow its insurance ratings franchise. Rating analytics will continue to be performed by teams [...]

Shaikh Khalid meets with Hillary Clinton

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Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al-Khalifa today met US Secretary of State Dr. Hillary Clinton, on the sidelines of the International Friends of Syria, and discussed the Syrian issue and latest Arab, regional and international developments. The two sides also discussed strong bilateral relations and ways of boosting cooperation in all fields. [...]

SIU to be set up at Attorney General’s Office

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The National Commission (NC) charged with overseeing the recommendations cited in the Bahrain Independent Commission of Inquiry (BICI) has received confirmation that the Attorney General will shortly announce the framework of an independent special investigations unit to be established within the office of the Attorney General and charged with the responsibility of determining accountability in [...]

Etisalat sues Swan Telecom Promoters

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The Emirates Telecommunications Corporation (Etisalat) has issued proceedings in the Indian Courts against Balwa, Goenka and Majestic Infracon Pvt Ltd for fraud and misrepresentation. Etisalat’s case is that it was induced into its investment in the company that was then Swan, without any disclosure of the matters that are now alleged by the CBI and [...]

Etihad Airways organises a road-show in London, NY

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The roadshows, held in New York and London, attracted several hundred bankers from some of the world’s largest financial institutions. Business interest in the financial affairs of Etihad Airways has surged in the wake of the airline’s historic 2011 profit announcement and equity investments in other airlines. Earlier this month the national carrier of the [...]

Dr. Fakhro praises StanChart Bank role in Bahrain

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Industry and Commerce Minister Dr. Hassan Fakhro confirmed what have been accomplished by banking sector in the Kingdom of Bahrain in enhancing economic growth and stimulate investment movement in this sector, in addition to attracting more foreign investment in Bahrain. This came during a meeting with the Minister yesterday morning with CEO of Standard Charted [...]

Kofi Anan becomes special envoy on Syria

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The United Nations has announced that the United Nations Secretary-General Ban Ki-moon and Secretary-General of the League of Arab States Nabil Elaraby appointed former UN Secretary-General Kofi Annan as the Joint Special Envoy of the United Nations and the League of Arab States on the Syrian crisis, in accordance with the General Assembly resolution A/RES/66/253 [...]

Bahrain’s FM attends Friends of Syria Conference

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The Minister of Foreign Affairs Shaikh Khalid bin Ahmed bin Mohamed Al-Khalifa participated in the International Friends of Syria Conference in Tunis. The meeting comes within the framework of Arab and international efforts to solve the Syrian crisis. This in addition to a framework Plan set by Arab countries to bring peace and stability to [...]

Expo City project on the right track

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In the context of following up the project of the planned Sakhir-based Expo City, Industry and Commerce Minister Dr. Hassan Fakhro received Bahrain Mumtalakat Holding Company Chief Executive Officer Talal Al-Zain and Bahrain Exhibition and Convention Authority (BECA) CEO Hassan Jaafar. During the meeting, they discussed the current arrangements for implementing this project, in line [...]

ABG net income up 10% to $212m in 2011

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Bahrain-based leading Islamic banking group, Al Baraka Banking Group (ABG), reported a net income of $212 million in 2011, an increase of 10% on the income achieved in 2010. Total assets increased by 8%, total financing and investments by 4%, deposits including equity of investment account-holders by 8% at the end of December 2011 in [...]

Kuwait honours Bahrain’s eGovernment Authority

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State of Kuwait has honored the Bahrain eGovernment Authority (eGA) for its vital contributions to the eGovernment and ICT fields. The honoring ceremony took place during the 18th Waqfi Forum, which was organized by Awqaf Public Foundation in Kuwait, under the patronage of His Highness the Crown Prince Shaikh Nawaf Al Ahmad Al Jaber Al [...]

Cathay Pacific honours Bahrain Airport Company

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Cathay Pacific Airways Country Manager Bahrain and Saudi Arabia Daniel Cheung presented the Betsy memento to Bahrain Airport Company Vice President Commercial and Marketing Mohamed Khalil for the support during the year 2011. The honouring ceremony was attended by Shawqi Al Bin Mohammed Airport Manager Cathay Pacific Airways, left, Syed Sohail Ali Assistant Manager Online [...]

Around 1185 cases of National Safety Court shelved

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Bahrain’s Supreme Judicial Council on Saturday announced that the committee set up to implement Bahrain’s Independent Commission of Inquiry (BICI) recommendations has completed its work regarding the implementation of recommendation No. 1720 included in BICI report. The committee revealed that 165 conviction verdicts were handed down by the National Safety Courts to 502 convicts. The [...]

Final stage is set for SATT sailing teams

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The participating teams in the Sailing Arabia – The Tour (SATT) were officially welcomed into Omani waters during the official prize giving ceremony for leg four of the tour. The event was held under the patronage of Her Excellency Maitha Bint Saif Al Mahrouqi, Undersecretary at the Ministry of Tourism where the Omani flagged Team [...]

Tamkeen enhances EDSP to 25,00 enterprises

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Business owners in Bahrain are set to benefit from a number of major enhancements to Tamkeen’s Enterprise Development Support Programme. The flagship programme, which seeks to improve the productivity and efficiency of Bahrain-based enterprises, comes as part of Tamkeen’s efforts to deliver accessible business support services. With 2,500 enterprises targeted to benefit from the programme [...]

Sharjah-German Business Council discuss cooperation

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Sharjah Investment and Development Authority (Shurooq) held a meeting with the German-Emirati Joint Council for Industry and commerce at the Authority’s headquarters in Al Qasba, during which means of activating joint cooperation in investment between Sharjah and Germany were discussed. The meeting was attended by Shurooq delegation led by Marwan bin Jassim Al Sarkal, CEO [...]

Fitch revises ratings on four Tunisian leasing Cos

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Fitch Ratings has revised Tunisie Leasing, Arab Tunisian Lease, Compagnie Internationale de Leasing and Attijari Leasing’s subordinated debt issues’ National Long-term ratings. Fitch’s review is part of a broad review of Fitch-rated subordinated debts. All the four Tunisian leasing companies’ rated subordinated debt issues are Lower Tier 2 issues. Tunisie Leasing, Arab Tunisian Lease, Compagnie [...]

Sharjah Islamic Bank wins award

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Sharjah Islamic Bank has won recently the ‘Best Structure Award’ under the Islamic banks category and received a Certificate of Excellence by Pan Arab Web Awards 2012. Pan Arab Web Awards was created to recognize excellence in web design, development and web ownership skills to showcase their creativity in a competition for the best website [...]

Etihad to launch non-stop flight to Washington

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Etihad Airways announced the launch of non-stop daily flights to Washington, D.C., the airline’s fourth destination in North America, from March 31 2013, subject to regulatory approvals. The Washington region is home to America’s second largest market flying to the Middle East, after New York. Etihad Airways’ new service will link D.C. with Abu Dhabi, [...]

Emirates adds 2000 additional seats weekly to Newcastle

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Emirates, is set to add more than 2,000 seats a week to and from Newcastle when it introduces a larger aircraft on its daily flight to Dubai from 1st September. A 428-seat Boeing 777-300ER, the longest aircraft to ever operate from Newcastle, will replace a 278-seat Airbus A330-200 on the route – a capacity increase [...]

Dr Fakhro makes surprise visits to major markets, malls

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In line with the directives of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa to keep commodity prices in an affordable bracket, the Minister of Industry and Commerce Dr Hassan Fakhro continued weekly visits to the all major markets, malls and major retail outlets. Continue with its efforts to enhance control and [...]

World’s first green broadband Co debuts in Bahrain

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The Kingdom of Bahrain, which was the first country in the region to deregulate its telecommunication sector, becomes the first country in the world to have the green broadband company. This was announced by the George El Aily, Chief Operating Officer and Co-founder of Greenisis, during a ceremony attended by the President of the Information [...]

RUW takes a field trip to Belguim and France

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Dr. Vivien Exartier, Assistant Professor of Business and Financial Sciences and International Programs Officer and Dr.Jameela Mukhaimer, Dean of Student Affairs accompanied 12 students from different departments at the Royal University for Women to France and Belgium on a 10 days educational trip. They attended several briefings, visited public and government institutions, universities and companies [...]

Over 2000 delegates to attend GEO 2012

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The Bahrain International Exhibition and Convention Centre is set to play host to a critical exchange of professional insights and technological innovations aimed at maximising the discovery of oil and gas during the 10th Middle East Geosciences Conference and Exhibition (GEO 2012). As geoscientists strive towards innovative solutions to meet rising global hydrocarbon demand in [...]

Bahrain, China to bolster commercial ties

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Finance Minister Shaikh Ahmad bin Mohammed Al Khalifa met with the Deputy Governor of Nanchia at the People’s Republic of China Lee Roy and his accompanied delegation, along with representatives of the privates sector of the petrochemicals, textiles, clothing and food industries. During the meeting, both sides discussed the ways of developing the bilateral relations [...]

BCCI Chief seeks reinstatement of sacked employees

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The Bahrain Chamber of Commerce and Industry (BCCI) Chairman Dr. Esam Abdullah Fakhro announced the reinstatement of dismissed staff sacked in the aftermath of the unfortunate events that occurred in the Kingdom of Bahrain last year, in compliance with the directives of His Majesty King Hamad bin Isa Al Khalifa, and in response to the [...]

Bahrain remains one family: HRH Premier

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received at the Gudaibiya Palace on Sunday, in the presence of the Chairman of the Supreme Council for Islamic Affairs Shaikh Abdullah Bin Khalid Al Khalifa and the Shura and Representatives Councils’ Chairmen Ali bin Saleh Al Saleh and Khalifa bin Ahmed Al Dhahrani, [...]

Public funds expediency must be a priority: HRH Premier

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His Royal Highness the Prime Minister Prince Khalifa issued directives for controlling the public expenditures, curbing waste and saving consumption as well as boosting control over and optimization of usage of human and financial resources and seeking to increase of economic growth up to highest standards and implementing procedures capable of containment of global economic [...]

Interior Minister rejects foreign interference

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Minister of Interior Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa rejected any foreign interfere in Bahrain’s internal affairs on any pretext. Minister of Interior, who received number of personalities who at his weekly majlis which is open for public in order to constantly communicate with all the various segments of the community, said highlighted the [...]

Six Bahraini women die in traffic accident

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The General Director of Traffic has said that six Bahraini women died in an accident on Shaikh Isa bin Salman Highway on Saturday night. He said that the Directorate received a call at 9:55pm informing about an accident on Avenue 27 linked to Shaikh Isa bin Salman Highway. The Traffic patrols rushed to the scene [...]

Fire gutted nine warehouses in Central Market

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Acting Director of the Civil Defense said that fire fighting units were able to extinguish a fire that broke out on Monday morning in several storage facilities at the central market allegedly due to electric short-circuit. The official said that the operation headquarters receive a call at 8:30 am following which the civil defense units [...]

Dr Fakhro hold talks with MAF official

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Minister of Industry and Commerce Dr. Hassan Abdullah Fakhro received Majid Al Futtaim Group’s Regional Director of Business Development in Bahrain and Qatar Khalid Al Ajmi. The Minister expressed the Government’s and the Ministry of Industry and Commerce’s welcome of all investors, particularly those who contribute in one way or another to boosting the economic [...]

Minister Energy opens 66 KV Power Plant

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Minister of Energy, Dr. Abdul Hussain Bin Ali Mirza inaugurated 66KV Bahrain International Investment Power Plant. Dr. Mirza reviewed the power plant’s sections and components including transformers, high and low voltage breakers, control systems and modern equipment supplied, and was briefed by Deputy Chief executive for planning and projects about the construction stages, power capacity [...]

Sailing Arabia race 2012 finishes in a style in Oman

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After 15 days, 1408 kilometres and seven ports, the nine competing teams in Sailing Arabia – the Tour reached their final destination in Muscat, Oman today (February 27), where the French on Courrier Dunkerque were crowned Sailing Arabia – the Tour Champions, 2012. Under the Patronage of His Highness Sayyid Harib bin Thuwani al Said, [...]

Bahrain finishes Sailing Arabia race at 7th position

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The Kingdom of Bahrain one of the nine teams which took part in the Sailing Arabia-The Tour 2011 (SATT 2012) finished in an overall 7th position, a good performance by the inexperienced and young members of the team. The SATT 2012 represented six nations, have visited four countries on the tour, starting in Bahrain on [...]

Works Ministry becomes first to conduct public survey

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Assistant Undersecretary Ahmed A.Aziz Al Khayat, who spearheaded the survey project, termed the initiative to get the pulse of satisfaction first of its kind in Bahrain. “In our previous meetings with you and your colleagues on this subject, you expressed an interest in knowing the results of our Public Survey, which as His Excellency has [...]

Works Ministry achieves major milestones in 2011

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Essam Khalaf, Minister of Works, on Monday said that despite the overall slowdown in 2011, the Ministry of Works had carried out major projects across the Kingdom beating the 2010 tenders’ figures by 40%. Engineer Esam briefing media at his offices said that 2012 was also kicked off in an aggressive manner with nine tenders [...]

Nass Corporation turnover reaches BD88m

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Nass Corporation Board of Directors in a meeting Monday reviewed and approved the financial results of the company for the year ended 31st December 2011. Announcing the results the Nass Corporation B.S.C., Deputy Chairman, Samir Abdulla Nass said that the company had achieved a gross turnover of BD 88.756 million (BD 107.576 million for 2010) [...]

Elaf Bank CEO Dr El Jaroudi resigns

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Bahrain-headquartered and branch office in Malaysia Elaf Bank, a wholesale Islamic bank licensed by the Central Bank of Bahrain (CBB), announced that Chief Executive Officer Dr. Jamil El Jaroudi will depart at the end of this month to pursue other opportunities. Dr El Jaroudi has been running Elaf Bank since its inception in 2007 and [...]

KFH-B offers training to a group of InJAz

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Kuwait Finance House–Bahrain (KFH-B) welcomed a group of students from the University of Bahrain participating in inJAz Bahrain’s ‘Company’ programme, an initiative that enables students to acquire well-informed understanding of the work environment and instil entrepreneurial skills in them. The students were placed in various departments throughout the Bank during a two-week internship programme. The [...]

Tharawat-IIB acquires 49% stake in Hungry Bunny

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Tharawat Investment House (Tharawat), a Bahrain-based Islamic investment house specialized in providing and management of alternative investment business and International Investment Bank (IIB) announced the completion of a 49% acquisition of the Hun

Bahraini delegation attends 51st Bangkok Gems & Jewelry Show

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Industry and Commerce Minister Dr. Hassan Fakhro participated in the opening ceremony of the 51st Bangkok Gems and Jewelry during the official visit by the Bahraini economic delegation to Thailand. During the opening, the Minister and the accompanyin

Bahrain-Thai seeks close co-operation in trade, investments

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Dr. Hassan Fakhro Minister of Industry and Commerce stressed on the importance of continuing to support the directions carried out by the private sector and investors from both Bahrain and Thailand to institute their ambitions with the establishment

Financial services remain a vital link between Bahrain-UK

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The Central Bank Governor, (CBB), Rasheed M. Al Maraj, who received on Tuesday Rt Hon the Lord Mayor of the City of London Alderman Roger Gifford and his accompanying delegation currently visiting the Kingdom, said that the financial services sector

YK Almoayyed & Sons introduces Nissan Sentra

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YK Almoayyed & Sons, exclusive distributors of Nissan in Bahrain, unveiled the Sentra, adding a new dimension to their lead role in the market in the premium compact sedan segment. The Japanese carmaker’s newest premium compact sedan model, which w

Entry to any country is purely a sovereign decision

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The Assistant Undersecretary of Legal Affairs at the Ministry of Interior affirmed on Tuesday that each sovereign country decides whom to allow inside their borders independently. The Assistant Undersecretary denied reports that the Bahraini Governme

Bahrain upholds human rights through legal framework

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The Kingdom of Bahrain affirmed that it would continue its move toward the protection of human rights via a national legal environment based on the sovereignty of the law and democratic practice. Moreover, all practices and policies are aimed towards

BIGS 2013 attracts record number of exhibitors

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Under the patronage of His Majesty King Hamad Bin Isa Al Khalifa and with a generous support from the Wife of HM the King, the Chairperson of the Supreme Council for Women, and Chairperson of the Advisory Council of the [...]

Shaikh Fawaz attends GSMA Ministerial Meet in Barcelona

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State Minister for Communications Sheikh Fawaz bin Mohammed Al Khalifa and a high level delegation participated in the 2013 GSMA Ministerial Programme in Barcelona, Spain on Tuesday. The GSMA Ministerial Program is being held on the sidelines of the

BMI Bank wins three Pan Arab Banking Web Awards

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Bahraini retail and commercial banking institution, BMI Bank announced that it had won a record number of three awards at the 3rd Pan Arab Banking Web Awards held in Beirut, Lebanon. BMI Bank received the Best Technical Award, Best Creativity Award as well as the Best Structure Award for its sites under the group site [...]

Zain Group shines at Mobile Congress in Barcelona

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Zain Group announced its participation at the Mobile World Congress, which officially opened in Barcelona, in the presence of telecommunications and ICT leaders from across the world. Zain is actively participating in the conference, organized by the GSMA, and is represented by a high-level delegation led by Zain Group CEO, Nabeel Bin Salamah and a [...]

BBK signs loan facility with WJ Towell Group of Oman

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BBK, Bahrain’s pioneer in retail and commercial banking, has recently arranged and underwritten term loan and working capital facilities for the WJ Towell Group, one of the leading business groups in the Sultanate of Oman. The agreement between the two parties for these credit facilities was recently signed at a ceremony in the month of [...]

Dr Fakhro bids farewell to Dr Abdulla Mansour

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The Ministry of Industry and Commerce organized an honouring ceremony in recognition to the great efforts made by undersecretary of Commerce Affairs Dr. Abdulla Mansour, where industry and Commerce Minister Dr. Hassan Fakhro honoured him on the occasion of his retirement. Dr. Fakhro confirmed Ministry keen to honor all hard working employees who spent serving [...]

ICICI Prudential scoops Gulf Lipper Fund Awards 2012

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ICICI Prudential scooped two Group awards at the Gulf Lipper Fund Awards 2012, which was held at the Jumeirah Emirates Towers hotel in Dubai. India-based ICICI Prudential was honoured with the Best Fund Group Overall and the Best Bond Fund Group in the Gulf region in recognition of its strong risk-adjusted performance and returns. Other [...]

SICO reports operating income of BD4.63m for 2011

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Bahrain-based regional investment bank, Securities & Investment Company (SICO), announced operating income for 2011 was BD 4.63 million compared with BD 7.85 million for the previous year. The bank said its net profit declined to BD 488,000 from BD 3.785 million in 2010. Basic earnings per share fell to fils 1.145 versus fils 8.9 in [...]

Etisalat selects Jasper Wireless

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Etisalat has selected Jasper Wireless, the leading connected devices platform for machine-to-machine (M2M) and consumer electronics, during the MWC 2012 to wirelessly connect machine-to-machine (M2M) and consumer electronics devices across Etisalat’s mobile network properties. Etisalat will use the Jasper Wireless platform to accelerate market entry of new categories of connected devices on its network and [...]

Etisalat tops the ladder among UAE’s top 50 Cos

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Etisalat ranked first among the most 50 powerful companies in the UAE, based on its market value and financial performance, according to a study conducted by the Arabian Business Group. Etisalat’s market`s value reached AED 75.6 billion, doubling the value of the winning company in second rank. The companies were evaluated based on their market [...]

Barclays Wealth bolsters its team in Africa

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Barclays Wealth, a leading global wealth manager, announced the appointment of Philippe Hofer as Managing Director and Market Head for Africa Offshore within International Private Bank, Europe Middle East and Africa (IPB EMEA). Based in Geneva, Philippe will have a dual reporting line into Nomkhita Nqweni, Market Manager, Africa, and Patrick Ramsey, Head of Barclays [...]

Bahrain’s Public Prosecution gets Investigations Unit

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The Attorney General announced today that it has completed the formation of a special investigatory unit within the office of the Public Prosecution that is dedicated to determining accountability for the events of last year. The BICI recommended establishing a national, independent and impartial mechanism to determine the accountability of those who have committed unlawful [...]

Leading bankers attend Tamkeen briefing

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Tamkeen as part of its continued public consultations regarding its 2012 Operational Plan, met with the Banking and Finance Sector to share and discuss the plan. As per the 2012 Operational Plan, BD 107 million has been allocated for Tamkeen’s nearly 180 projects and programmes, with 20 new initiatives slated for launch during the current [...]

StandChart PLC reports $6.7b operating profit

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Standard Chartered PLC has announced a ninth consecutive year of record profits and income in 2011. Its continued performance is underpinned by strong capital and liquidity and multiple sources of income across the faster-growing markets of Asia, Africa and the Middle East. Income was up 10 per cent to $17.64 billion and operating profit increased [...]

Adnan Yousif to lead Al Baraka Sudan Board

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Al Baraka Bank Sudan, one of the banking units of Al Baraka Banking Group, (ABG) announced that the Board of the Bank has elected Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group as Chairman of the Board of Directors to succeed late Othman Ahmed Suleiman. The Board of Directors also announced [...]

Middle East passengers traffic up 14.5% in Jan

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The Middle East airlines recorded double-digit traffic growth in January, posting a 14.5% increase, according to latest figures. This was by far the largest rate of growth for any region and represents a return to the rates experienced in 2010. Capacity rose 10.6%. Load factor climbed 2.7 points to 78.5%, among the highest of the [...]

Dr Fakhro holds talks with Japanese delegation

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Industry and Commerce Minister Dr. Hassan Fakhro held talks with the visiting head of the Japanese delegation Deputy Director-General at Manufacturing Industries Bureau, Ministry of Economy, Trade and Industry Satoshi Miyamoto accompanied with Assistant Director Nobuyuki Matsumoto in the presence of Japanese Ambassador Shigeki Sumi and Commercial Attaché Hiroyuki Mitsui. The Minister welcomed the delegation, [...]

Barclays capital launches special research coverage

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Barclays Capital announced the launch of Special Opportunities Equity Research coverage. The coverage team will provide fundamental research on select companies that predominantly reside in the small- and mid-capitalization space. The team will provide a stock rating, price target and earnings per share estimate for each company under coverage. The Special Opportunities team, led by [...]

Minister Industry and Commerce chairs SMEs meeting

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Industry and Commerce Minister Dr Hassan Fakhro presided over the first committee meeting to follow up problems and constraints that face small and medium enterprises, in light of Ministers Council decree number “2145-09” to assign the ministry of Industry and Commerce to follow up small and medium problems in cooperation and coordination with relevant authorities. [...]

BBK honours star workers for 2011

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BBK announced the 2011 winners of the STAR Service Excellence Award, within the category of the Best employee in each frontline role within its Retail Banking Division for 2011. All Retail Banking employees who had direct contact with customers throughout 2011, had the chance to vie for this honuor, where the key criteria are Excellence [...]

GIB wins two Global Finance Magazine awards

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New York-based Global Finance magazine has announced the winners of its World’s Best Investment Banks Awards for 2012. Gulf International Bank (GIB) has won two awards i.e. Best Equity Bank in the Middle East and Best Investment Bank in Bahrain. The editors, with input from industry experts, used a series of criteria to arrive at [...]

ASRY spends $7m on training of the staff

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The Arab Shipbuilding and Repair Yard (ASRY) achieved a major milestone in trading and development of the staff with spending around $7 million on the training, thanks to the company’s five year initiative. One of ASRY’s specific initiatives in this period of reinvestment was the commitment to Bahrainization directed by the Board of Directors under [...]

Etihad Airways launches direct flight Shanghai

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Etihad Airways, the national airline of the United Arab Emirates (UAE), has commenced scheduled flights between its hub in Abu Dhabi and Shanghai, China. The airline will initially operate five weekly Airbus A330-300 services to Shanghai’s main international airport, Pudong (PVG), with commitments to a daily schedule from April 15. The President and Chief Executive [...]

Bapco and EDB discuss mutual beneficial plans

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Bahrain Petroleum Company (Bapco) received an eight member delegation from the Bahrain Economic Development Board (EDB). The EDB is a dynamic public agency with an overall responsibility for formulating and overseeing the economic development strategy of Bahrain, and for creating the right climate to attract direct investment into the Kingdom. Bapco’s delegation was led by [...]

US Ambassador visits Bapco and the Refinery

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Thomas C. Krajeski, the US Ambassador to the Kingdom of Bahrain visited BAPCO and upon arrival, he was received by the Chief Executive, Gordon Smith and a number of Bapco’s senior management members. Smith thanked the US Ambassador for visiting Bapco and conveyed to him greetings and best wishes of Minister of Energy, Chairman of [...]

Sakana benefits from Tamkeen’s career programme

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Sakana Holistic Housing Solutions announced that its employees are benefitting from the Career Progression Programme offered by Tamkeen across various fields such as Human Resources, Marketing, Finance and Accounting. Khalid Al Balushi, Assistant Manager Human Resources and Administration successfully completed Diploma in Human Resource Practice (HRP) from Chartered Institute of Personnel Development UK through Tamkeen’s [...]

Bahrain implements BICI recommendations on time

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The Government of Bahrain has submitted its report on implementation of the BICI recommendations to the National Commission on Wednesday, who in turn announced that most recommendations were fully implemented. A few remaining recommendations require additional legislation and further development, such as addressing professional standards for the media, developing education programs promoting tolerance, compensating those [...]

Etisalat: the most powerful company in UAE: Forbes

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Etisalat received a prestigious award from Forbes Middle East for being the most powerful company in the UAE. The award was received by Ali Al Ahmed, Chief Corporate Communications Officer, Etisalat UAE on behalf of His Excellency Mohammad Omran, Etisalat chairman at a ceremony held under the patronage of His Highness Sheikh Mohammed bin Rashid [...]

BIBF Specific Council holds first meeting for year 2012

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The Specific Council for Vocational Training (Banking Sector) held its first meeting for the year 2012 chaired by Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain. The Chairman welcomed the new council members. The Council reviewed all activities and progress of the Bahrain Institute of Banking and Finance (BIBF) as well as [...]

Emirates touches down in Seattle

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Emirates launched the first direct air bridge between the Middle East and America’s Northwest, as its inaugural service from Dubai departed for Seattle-Tacoma International Airport. With two dynamic and fast-growing regions now more closely linked, Emirates’ Seattle service will generate a host of economic benefits; from boosting imports and exports to creating new markets for [...]

GFH turnaround plan yields positive results

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Bahrain’s one of the oldest investment banks, Gulf Finance House (GFH), on Thursday announced a net profit of $381,000 for 2011 compared with the loss of $349million in 2010. Announcing the financials for the year ending 31 December 2011, the bank said it returned to profitability despite a challenging year underscored by shortfalls in market [...]

Bahrain to launch the Universal Periodic Review

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The Ministry for Human Rights and Social Development launched the Second National Report on the Universal Periodic Review (UPR) of Bahrain’s Human Rights, which will be presented before the Human Rights Council on the 5th of March 2012. The report was prepared in compliance with the standards of preparing National Reports to the Universal Periodic [...]

Bahrain’s Human Rights Minister meets Navi Pillai

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On the sidelines of the high-level part of the nineteenth session held by the United Nations Human Rights Council (UNHRC), Minister of Human Rights and Social Development, Dr. Fatima bint Mohammed Al-Balooshi met with UN Human Rights Council Commissioner, Navitham Pillai. Both sides reviewed cooperation between the Ministry and the High Commission in the field [...]

Customs revenues reach BD103m in 2011

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Bahrain Customs revenues reached BD103.3 million in 2011. Customs Affairs President Shaikh Mohammed bin Khalifa Al Khalifa released the annual figures, describing the dividends as citing that remarkable despite last year’s February-March unrest. The Customs Affairs President highlighted the development projects currently underway thanks to the directives and the support of the Interior Minister Lieutenant-General [...]

Saboteurs attack anti-narcotics force: Police

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Two people allegedly involved in selling hashish have been arrested in Sitra. “Police caught the suspected drug dealers following a tip-off”, General Directorate of Criminal Investigation Directorate of Forensic Science director general said. Two officers and an anti-drug squad policeman suffered minor injuries as the suspects’ resisted arrest, deliberately smashing their car into the patrol [...]

Bahrain’s Education Minister takes part in GEF in Dubai

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Education Minister Dr. Majid bin Ali Al Nuaimi has attended the opening session of the fifth edition of the Global Education Forum (GEF) themed: “Teaching and Learning in the Knowledge and Technology Era” and the Gulf Educational Supplies Exhibition, held under the auspices of the UAE Vice-President, Premier and Dubai Ruler Shaikh Mohammed bin Rashid [...]

Speaker Parliament to lead Bahrain delegation to IPU

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Chairman of the Representatives Council Khalifa bin Ahmed Al Dhahrani will head the Parliamentary Delegation to the 18th Conference of the Arab Inter-Parliamentary Union (IPU) due to hosted by Kuwait from March 4 to 6. The delegation includes MPs Abdulla Al-Dusary, Ahmed Bahzad, Jassim Al Saidi, Hamad Al Nuaimi, Abdulhakim Al Shammari and Adnan Al [...]

Bahrain’s Spring of Culture Festival kicks off

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A spectacular entertainment with star-studded acts from across the globe will light up Bahrain as part of the Spring of Culture Festival that opened on Thursday. The festival kicked off at the Bahrain National Museum with a tribute performance to Arab world’s legendary singer Umm Kulthum. Organisers have promised a rich and diverse programme with [...]

Shaikh Salman participates in the Porsche GT3 Cup in Qatar

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Shaikh Salman bin Isa Al Khalifa, one of the region’s busiest and most influential motor racing figures, swaps his lead role at Bahrain International Circuit this weekend for a rare appearance behind the wheel in the Porsche GT3 Cup Challenge Middle East in Qatar. The BIC Chief Executive is in a record line-up of 18 [...]

Human Rights Minister meets with Mauritanian Commissioner

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Dr. Al-Balooshi met with Mauritanian Commissioner for human rights and relations with civil society institutions Mohamed Ould Abdallah Ould Khatra and Mauritanian Permanent Representative and Head of the Arab Group Sheikh Ahmed Ould Zahaf. Talks focused issues featuring on the agenda of the 19th (UNHRC) session and the need to coordinate pan-Arab stances. Dr. Al-Balooshi [...]

Dr Al Balooshi meets with her Tunisian counterpart

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Human Rights and Social Development Minister Dr. Fatima bint Mohammed Al-Balooshi met with Tunisian Human Rights and Transitional Justice Minister Samir Dilou and discussed the ways promoting bilateral relations. The meeting was on the sidelines of the 19th session of the UN Human Rights Council (UNHRC). Dr. Al-Balooshi outlined human rights developments in the Kingdom, [...]

CFO optimism plummets to a two-year low in Q4

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Global CFO optimism is wavering, according to a recent study by Deloitte entitled ‘Q4 2011 Global CFO Signals Report’. Conducted on a semi-annual basis for the past two years in the Middle Eastern region, the Deloitte CFO survey is the only report for major corporate users of capital that gauges attitudes towards the general economic [...]

Batelco unveils new SimSim packages

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Batelco has announced a one month special offer for its prepaid SimSim customers. Up until March 29th, SimSim customers can avail of a great deal for more saving of money that gives them the opportunity to add up to 145 local minutes of call time to all operators with special reduced rates for as low [...]

Minister carries out visits to check local markets

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As part of ongoing campaign aimed at ensuring the supply chain and pricing of the commodities, the Minister of Industry and Commerce Dr Hassan Fakhro carried out visits to the major markets and malls on Saturday. The Minister along with his top members of the team visited Al Jazeera Supermarket, Lebanese Center as well as [...]

Minister Energy opens GEO 2012 on Sunday

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Over 2,000 oil and gas professionals will converge at the Bahrain International Exhibition and Convention Centre on Sunday for the conference opening session of the 10th Middle East Geosciences Conference and Exhibition (GEO 2012). The associated 14,000 square metre exhibition of oil and gas exploration industry products and services will open in a separate ceremony [...]

Emirates celebrates Boeing’s 1,000th 777

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Emirates, celebrated the unveiling of the 1,000th Boeing 777 during a special event at the manufacturer’s plant in Everett, Washington State. Emirates is the world’s largest operator of the Boeing 777 and the landmark aircraft will become the 102nd to join the airline’s 777 fleet when it is delivered later this month. The factory celebration [...]

Zain Bahrain’s e-waste campaign enters its 2nd year

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The unique and very successful Zain National Mobile Phone and e-Waste Recycling Campaign which was flagged off in March 2011 enters its second year and the company’s commitment to making a difference in the environment as strong as ever. The campaign was the first ever to offer the public an opportunity to safely dispose old [...]

Etisalat wins three top GSMA awards

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Etisalat, a leading telecommunications company with operations in 17 markets across the Middle East, Africa and Asia, has won three of the sector’s most prestigious international awards at Mobile World Congress, the global event held annually in Barcelona, Spain. Etisalat received two GSMA Global Mobile Awards in the ‘Best Mobile Health Innovation’ and ‘mWomen Best [...]

Bahrain puts the record straight over AI decision

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In response to Amnesty’s cancellation of its visit to Bahrain, the government of Bahrain wishes to provide the following clarification to representatives of international non-governmental organisations wishing to come to Bahrain for the purposes of their work. As in other countries, Bahrain has a visa regime to govern the entry of all visitors to the [...]

Felix Air touches down at Bahrain International Airport

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Felix Airways announced the arrival of its inaugural direct flight to Bahrain from the city of Aden as a ceremony was held at the Bahrain International Airport to mark this historic occasion. The ceremony was attended by Felix Air’s Chief Executive Graham Henderson, Vice Ambassador of Yemen and a number of officials from Bahrain Airport [...]

English Premier League Trophy arrives in Bahrain

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VIVA Bahrain, official partner of Manchester United, welcomed the English Premier League Trophy and United legend Andrew Cole as hundreds of football enthusiasts across the country got the chance to meet Manchester United legend Andrew Cole and have their picture taken with the famous English Premier League Trophy at the Bahrain City Centre. The event [...]

Zain to bring Windows Phone devices to the MENA

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During the Mobile World Congress held last week in Barcelona, Zain Group entered into an agreement with Microsoft Middle East and Africa to bring Windows Phone devices to the Middle East and North Africa (MENA). The planned launch of Windows Phone software later this year, jointly with smartphone devices from selected manufacturers, will target business [...]

KHCB continues network expansion in Bahrain

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Khaleeji Commercial Bank, which held its Annual General Meeting for the financial year 2012, said that it continued expansion in Bahrain as part of the bank’s strategy to reach its customers. “The year 2011, which was the 7th successive year since the Bank commenced operations, was full of challenges. The economic environment and business market [...]

Bahrain’s Dadabhai signs GDS agreement with Travelport

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Global travel services provider Travelport has signed a multi-year global distribution system (GDS) deal with Bahrain-based Dadabhai Travel. The Manama-based agency is a long-standing partner of Travelport and under the terms of the renewed agreement, has committed to increase its bookings through Travelport’s Galileo platform. According to Dadabhai, this heightened commitment is a sign of [...]

BMI Bank launches Salaf Plus range of loans

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BMI Bank announced the launch of its new range of loans offering eligible customers the opportunity to receive the highest loan amount in the market at the lowest possible monthly installment through the introduction of a balloon payment on maturity. The Salaf Plus auto, mortgage and personal loans will complement the Bank’s existing loan bouquet [...]

Optimism on growth prospects retruns

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There is some optimism regarding growth prospects for 2012 among Middle East intermediaries and investors, according to the latest poll carried out by Invesco Asset Management Limited. The results of the poll conducted during Invesco’s sixth annual Dubai Investment meeting, which was attended by 329 intermediaries, reveal that more than two fifths (38%) of the [...]

GEO 2012 kicks off in Bahrain

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With the participation of over 2000 delegates and experts, the 10th Middle East Geosciences Conference and Exhibition (GEO 2012), themed “The Future of Geosciences in the Middle East”, kicked off on Sunday. The event will run till March 7 at Bahrain International Exhibition and Convention Centre, got underway today in Bahrain under the auspices of [...]

US Navy conducts search and rescue for Iranian mariners

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Coastal patrol craft USS Firebolt (PC 10) and the US Coast Guard Cutter Maui (WPB 1304), assigned to Commander, Task Force (CTF) 55, conducted a search and rescue mission for survivors of a capsized Iranian cargo dhow, in the North Arabian Gulf. At approximately 11 a.m. local time, on March 3, Firebolt spotted a life [...]

Bahrain’s cabinet condemns attacks on police

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Deputy Premier Shaikh Mohammed bin Mubarak Al Khalifa, who chaired the Cabinet regular weekly meeting at the Gudaibiya Palace on Sunday, condemned, in the strongest terms, the targeting of security officers and citizens. The Cabinet also denounced all instigative calls to violate laws and regulations and exploitation of religious platforms to undermine the deep-rooted Bahraini [...]

Batelco launches Galaxy Nexus in Bahrain

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Batelco, the Kingdom’s leading mobile services provider, is delighted to announce the launch of GALAXY Nexus in the Kingdom’s market. GALAXY Nexus is the world’s first smartphone running Android 4.0, Ice Cream Sandwich, the latest release of the Android. Other GALAXY Nexus features include a 4.65” HD Super AMOLED display technology at 720p resolution, a [...]

VIVA emerges as a strong telecom brand

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VIVA Bahrain, the third entrant in the mobile telephony two years ago, claimed to have created a strong brand by setting a new benchmark in innovation and competitiveness in the telecom market of Bahrain. Ulaiyan Al Wetaid, VIVA CEO on Sunday said that VIVA would continue to invest in infrastructure, products and services as part [...]

The 4th KIPCE opens in Kuwait on 10th

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The fourth edition of the Kuwait International Petroleum Conference and Exhibition (KIPCE) takes place 10–12 December 2012 at the Hilton Kuwait Resort, Kuwait, with the theme “People and Innovative Technologies to Unleash Challenging Hydrocarbon

Team Bahrain duo get to grips with Abu Dhabi circuit

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Team Bahrain duo of Mohammed Mattar and Raed Raffii roared into action in Abu Dhabi as testing got under way ahead of Rounds 3 and 4 in the Porsche GT3 Cup Challenge Middle East, the region’s most exciting and professional [...]

Syrian crisis to dominate the Manama Dialogue 2012

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Top government leaders, diplomats and policy makers are set to meet on Friday to address hardest issues of the day at The 8th IISS Regional Security Summit, The Manama Dialogue, with opening session to focus on Syria. “At a challenging [...]

CMA and ICT Middle East sign training agreement

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International Compliance Training Middle East (ICT Middle East), one of the region’s leading providers of professional trainings in the field of compliance and anti-money laundering, has announced their involvement in a significant new training agreement. ICT Middle East will deliver two certificated programmes in Anti-Money Laundering and in Compliance. Both programmes are aimed at professionals [...]

Batelco participates in UoB Career Day

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Batelco Bahrain Chief Executive, Rashid Abdulla, and General Manager Human Resources Suhaila Alnowakhda along with other Batelco representatives attended the opening of the 12th University of Bahrain (UoB) Career Day, which was held under the patronage of UoB President Dr. Ebrahim Mohammed Janahi. The opening, which was held at the University campus in Sakhir, saw [...]

Tamkeen to launch Youth Awards

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As part of its efforts to foster and develop entrepreneurship in Bahrain, Tamkeen will launch the “Mashroo3i” Youth Business Awards. The pioneering initiative will enable Bahrain’s budding entrepreneurs to showcase their creative business ideas in a nation-wide competition. Bahrainis from the age of 16 to 23 will be eligible to enter the competition, which will [...]

Gulf Air renews IT partnership with Microsoft

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The national carrier of the Kingdom of Bahrain Gulf Air announced the renewal of its strategic IT partnership with IT giant Microsoft with the signing of ‘Enterprise Agreement.’ Under the agreement, signed between Samer Majali, Chief Executive Officer of Gulf Air and Tareq Hijazi, Country Manager for Microsoft in the Kingdom of Bahrain and Sultanate [...]

BMI Bank launches promotion on its credit cards

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Bahrain’s BMI Bank announced the launch of a refreshed ‘swipe to spin and win’ promotion on its range of credit cards including its Diners Club card. The campaign, which runs from 1st March 2012 to 31st December 2012 (excluding 1st July to 21st August 2012 when the Bank will run an independent promotion), is open [...]

Air Arabia takes delivery of 2012 first aircraft

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Air Arabia, has taken delivery of its first A320 aircraft in 2012, bringing its total fleet to 30 aircraft. Air Arabia has now received nine of the 44 A320 aircraft it has ordered from Airbus in 2007. Air Arabia expects a total of six aircraft will be delivered in 2012. Once completed in 2016, the [...]

Fitch affirms Riyad Bank at A+ with a stable outlook

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Fitch Ratings has affirmed Saudi Arabia-based Riyad Bank’s (RB) long-term issuer default rating (IDR) at ‘A+’ with a stable outlook and its Viability Rating (VR) at ‘a’. RB’s Long- and Short-term IDRs, Support Rating and Support Rating Floor reflect the extremely high probability that support would be forthcoming from the Saudi authorities if required, given [...]

Euromoney hosts private banking conference

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Representatives from a wide range of financial institutions, including the Central Bank of Bahrain (CBB), the OECD, Credit Suisse, Investcorp, UBS, National Bank of Bahrain, Ahli United Bank, Arcapita, Arab Bank, Premier Group, Mumtalakat, DBS, Bank of Tokyo Mitsubishi, BNP Paribas, Citi and Goldman Sachs will take part in a special event focused on private [...]

VIVA doubles broadband data for customers

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VIVA Bahrain announced in a press conference the launch of a special broadband promotion offering exclusive internet packages with double the data allowance to all post-paid customers and 50% extra data allowance on recharge to all prepaid customers. New post-paid and prepaid customers subscribing before 31st of March will benefit from this offer from the [...]

Zain Bahrain joins Microsoft Imagine Cup 2012

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Microsoft announced that Zain Bahrain has entered in an official agreement to support youth as they compete in the Bahrain round of the world’s premier student technology competition, Imagine Cup 2012. Now in its tenth year, the competition will provide students of Bahrain an opportunity to ‘Imagine a world where technology helps solve the toughest [...]

Bahrain Centre for Excellence results announced

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Minister of State for Follow Up Affairs, Mohammed bin Ibrahim Al Mutawa, and Minister of State for Defence Affairs, Sheikh Mohammed bin Abdullah Al Khalifa, announced results of the 3rd Arbitration of the Bahrain Centre of Excellence, on the performa

University of Bahrain marks Annual Women Day

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University of Bahrain hosted a ceremony marking the annual Woman’s day, which falls on December 1. Deputy Premier’s Bureau Chief, Supreme Council for Women (SCW) member, Bahrain Olympic Committee and Bahrain Table Tennis Association Chairperson S

Dr Salah holds talks with UN Human Rights Chief

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Human Rights Affairs Minister Dr. Salah bin Ali Abdulrahman received a delegation from the UN Office of the High Commissioner for Human Rights led by Frej Fennich, Head of the Middle East and North Africa section and hailed the positive [...]

Telecommunication serves as vital pillar of the economy

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His Majesty King Hamad bin Isa Al-Khalifa today received at Al-Safriya Palace, in the presence of His Royal Highness Prime Minister Prince Khalifa bin Salman Al-Khalifa, newly-appointed Minister of State for Telecommunications Affairs Shaikh Fawaz bi

Dialogue serves as a key to regional security

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Minister of Foreign Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, emphasized that the safeguarding of Gulf security and stability is a pivotal issue in international strategy, and a collective responsibility which calls for encouragement

Minister opens new Schlumberger Bahrain oilfield services base

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Shaikh Ahmed bin Mohammed Al Khalifa, Minister of Finance and Minister in Charge of Oil and Gas Affairs inaugurated the state-of-the-art Bahrain Oilfield Services Base of Schlumberger in Jebel Al Dukhan, Kingdom of Bahrain on Thursday. The inaugurati

Bermuda generates interest for sukuk issuers

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Bermuda, one of the leading financial centers, is keen on attracting the Islamic finance and likely to see its maiden sukuk launch next year. Business Bermuda, an organisation working with Bermuda-resident companies and government to develop and prom

AAPG and SEG to join forces for Middle East office

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The American Association of Petroleum Geologists (AAPG) and the Society of Exploration Geophysicists (SEG) will bring together the combined knowledge of the two largest geosciences societies in the world to open a joint office in Dubai, UAE. The joint office will facilitate service provision to members in the Middle East, India and North Africa and [...]

Nass Corp brings unique motor-grader

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NASS Commercial, a division of Nass Corporation completed the delivery of a shipment of a new Series B generation CASE Motor-grader to Bahrain. A special ceremony was held at Nass Commercial’s Service Center and the CASE Grader 885B was delivered to the clients, Waheed Ebrahim and Samad Assiri, Managing Directors of Globalco Company in front [...]

Cluttons launches new networking event in Bahrain

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Cluttons has brought a new networking event platform to the Kingdom of Bahrain. The first BRED event aimed to shine the spotlight on to professional experts and industry spokespeople – brining like-minded property professional together and encouraging industry dialogue, demonstrating Clutton’s commitment to the development and progression of the property industry in the region. Highlights [...]

Global Takaful industry could reach $25b

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The global takaful industry has witnessed tremendous growth and strong performance over the last several years with recent reports indicating that the industry could hit the $25 billion mark provided that the current growth trajectory is maintained. David McLean, Chief Executive of the World Takaful Conference ahead of 7th Annual World Takaful Conference (WTC 2012) [...]

Bahrain’s business climate outlook positive

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Bahrain being the banking and financial center enjoys a strong business outlook for 2012, a senior official at Citibank Bahrain said. Navneet Kampani, Consumer Banking Head Citibank Bahrain, who announced the launch of the new PremierMiles Visa Credit Card, said that challenging conditions have always been part of businesses in each territory but Citibank would [...]

Bahrain hosts 415 banks and financial institutions

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The Kingdom of Bahrain has sustained growth patterns in attracting financial institutions in 2011 despite some challenging business climate across the region. The Economic Development Board in a statement confirmed that the number of financial institutions registered in Bahrain continued to rise last year, reaching 415 by the end of January 2012, up from 403 [...]

NBB plans GCC wide expansion

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National Bank of Bahrain is planning to open branches across GCC as part of its strategy to enhance the business base across the region, a top official at the bank’s board revealed. Chairman of the bank’s board Farouk Yousuf Khalil Almoayyed, on the sidelines of the annual ordinary general meeting of the shareholders of NBB, [...]

Bahrain welcomes ethical investments: CBB Governor

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Rasheed M. Al-Maraj, Governor, Central Bank of Bahrain (CBB) on Wednesday lauded Bahrain’s stringent regulatory regime and said it would continue to welcome ethical investments. Highlighting the scope of regulation, the CBB Governor explicitly said that global capital flows would continue to be critical for Bahrain. “We are a small nation; we have an open [...]

Euro debt and oil prices won’t hamper growth

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While equity markets may consolidate following the powerful rally since the beginning of the year, the euro debt crisis or rising oil prices not to throttle stock markets’ brighter prospects, according to Bank Sarasin. In the March edition of its Global Snapshot Monthly, Bank Sarasin predicts that better economic conditions will fuel investors’ risk appetites, [...]

BKIC and ICICI sign agreement

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Bahrain Kuwait Insurance signed an agreement with ICICI Bank (Bahrain branch), India’s largest private sector bank, for the distribution of its general insurance products targeting primarily the Indian expatriate community in Bahrain. The agreement was signed by Ebrahim Al Rayes, Chief Executive Officer of BKIC and Vikash Sharma, Country Head of ICICI Bank in the [...]

Saudi economy is led by three major Cos

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The Saudi economy is currently led by three major companies namely Aramco, SABIC, and Electricity Company. These companies have an influential role in the process of development, according to Omar Al Juraifani, an economic and financial analyst, said. However, he added, the efforts by local investors willing to stimulate the small and medium-sized enterprise sector [...]

National Commission terms media, education reforms a significant step

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The National Commission completed the review of all Government actions taken to implement the Bahrain Independent Commission of Inquiry (BICI) recommendations and found that actions taken to reform media and education are significant steps towards national reconciliation. The Media Reform Plan (MRP) received from the Government, whose implementation is currently in progress was found to [...]

Etisalat’s ICT vision to fuel region’s economic growth

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Etisalat has set out its vision for creating an appropriate investment environment to enable information and communication technology to drive economic growth in the Arab world. “The mobile industry’s contribution to socio-economic growth can be amplified with appropriate regulations that support a multiplier effect in ICT investment,” Etisalat chairman Mohammed Omran told the ITU Connect [...]

HM King Hamad holds talks with Prince Al-Hassan

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His Royal Highness Prince Al-Hassan bin Talal on Wednesday arrived on a visit to Bahrain in the company of his son His Royal Highness Prince Rashid bin Al-Hassan bin Talal. They were welcomed at the airport by National Guard Commander Major-General His Highness Shaikh Mohammed bin Isa Al-Khalifa, Education Minister Dr. Majid bin Ali Al-Nuaimi, [...]

Settlement initiative doesn’t contravene with legal system

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Minister of Justice, Islamic Affairs and Endowments, Shaikh Khalid Bin Ali Al Khalifa said that the initiative of civil settlement, per which compensation will be paid directly to the affected people in a consensual manner, will not interfere with the right of those who choose to resort to civil courts. In an interview published by [...]

Enerflex gets nod to open office in Bahrain

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The Economic Development Board’s (EDB) CEO Shaikh Mohammed bin Isa Al Khalifa welcomed the US-based Enerflex Corporation’s announcement of its intention to open a branch office in Bahrain after the company was awarded a services contract with Petroleum Development Company. Enerflex (US-Inc.) is a leading company specialized in the domain of gas pressure and maintenance [...]

Upper House lauds Tamkeen role

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Members of the Shura Council praised the efforts of the Labour Fund (Tamkeen) to improve the working conditions of the national workforce in the domestic market. They also valued its sustainable efforts in presenting ambitious programmes and projects to create job opportunities for Bahrain job seekers and rehabilitate them. The Shura members also appreciated the [...]

Shaikh Fawaz briefs The Times, The Independent Editors

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Information Affairs Authority President Shaikh Fawaz bin Mohammed Al-Khalifa paid a work visit to the UK as part of efforts to reach out to different media enterprises and benefit from their expertise. He met with the Times Editor-in-Chief James Harding, in the presence of Bahrain Ambassador to London Alice Samaan, Bahrain International Circuit chairman Zayed [...]

Police urges to use alternative route during opposition rally

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The General Directorate of Traffic has appealed to drivers using Budaiya Highway to go through alternative roads and avenues during the opposition rally on Friday. An authorized rally will be held from Diraz to the entrance of Al-Muqsha’a Village, from 3pm until 6 pm. “The measure aims at ensuring the smooth flow of traffic”, Traffic [...]

Prince Hassan bin Talal visits think tank

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His Royal Highness Prince Al-Hassan bin Talal visited the Bahrain Centre for Strategic, International and Energy Studies where he was welcomed by the Minister of Education Dr. Majid bin Ali Al-Nuaimi and a number of officials. Prince Al-Hassan toured the centre and was given a brief presentation on the support the center receives from His [...]

Public Prosecutor issues statement in SMC case

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Following the Attorney General’s statement on 5 March 2012, the public prosecutor in charge of the case involving medical professionals only called witnesses evidence against the accused who stand charged with the most serious criminal violations. Echoing the Attorney General’s earlier statement, Al-Sayyed said that the acts of the remaining accused, such as breaching patient [...]

Standard Chartered bags 11 awards

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Standard Chartered has won 11 awards in the EMEA Finance Achievement Awards 2011, the fifth straight year that the bank has been a recipient of multiple awards from EMEA Finance. SCB will be feted during EMEA Finance’s fifth annual Achievement Awards Charity Dinner on June 21, 2012 in London. In the Sovereigns and Supras DCM [...]

Abu Dhabi likely to be best if Hormuz Strait closes

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Abu Dhabi will become the oil producing member of the Gulf Cooperation Council that is best insulated from a closure of the Strait of Hormuz, once the Habshan-Fujairah pipeline is fully operational later this year, according to Fitch Ratings. In January, the UAE’s energy minister said that the pipeline, designed to transport 1.5mbd, should hopefully [...]

$252m cash windfall for Alba shareholders

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The shareholders of ALBA have approved the payment of the cash dividend of $252million equivalent to 67% of the nominal value of the company’s shares. The dividends will be payable from March 15, 2012 to Alba’s shareholders of record as of March 8, 2012. Aluminium Bahrain (Alba) AGM was held on Thursday at the Gulf [...]

Ayadi first quarterly winner gets $100,000

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BMI Bank Bahrain awarded a total amount of $100,000 to Bahraini Alawi Saeed Sharaf in Ayadi’s first quarterly draw of the year. Alawi received the grand prize from Eyad Sater, General Manager – Support Services, BMI Bank at a ceremony conducted at the Banks’ headquarters at the Bahrain World Trade Centre. “I was overjoyed when [...]

MTE Studios to host ‘Build a City’ at Riyadh Science Oasis

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Young science centre visitors can be builders for a day at the MTE Studios every time they visit the latest attraction ‘BUILD A CITY’ exhibition on construction, which will open at Riyadh Science Oasis (RSO) in Al Othaim Mall in Rabwah from March 10 through June 10, 2012. Getting into little hard hats and construction [...]

Solid growth forecast for Bahrain and GCC

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The Gulf Co-operation Council’s economic health remains in a good shape despite the economic upheavals but the downside risks remain, according to reports. In latest reports released by Euromoney Conferences confirmed that despite a troubled global economy, the GCC’s financial sector continues to grow. The Gulf Financial Centres statistical survey carried out by Euromoney Conferences [...]

Shahnaz wins global accolade at Forum Asia

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Shahnaz Husain, pioneer and leader of the Ayurvedic beauty movement has been honoured with “Asia’s Leading Woman in Business” Award by Women in Leadership Forum Asia. Shahnaz has taken India’s herbal heritage worldwide with a crusader’s zeal. Today, she heads the largest organization of its kind in the world, with a global network of franchise [...]

KHCB announces the winner of $50,000

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Bahrain-based Islamic bank Khaleeji Commercial Bank (KHCB), announced the winner of the Al Waffer Grand Prize $50,000 and other winners in the Grand Draw held at the Bank’s main branch in Bahrain Financial Harbour. The draw was attended by members from the Bank’s management team and staff in addition to a representative from the Ministry [...]

Zain Group chooses NeuString’s OptiPrizer Software

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Zain Group has agreed with Dubai-based NeuString to utilize its ‘OptiPrizer’ predictive analytics software across seven Middle East markets to improve the cost and quality of roaming services. Neustring’s OptiPrizer software helps to increase profit margins through accurate and actionable analytics of individual customer’s activity, giving the operator an unprecedented ability to control, forecast and [...]

Al Baraka Algeria operating income up 6% to $110.7m

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Al Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group (ABG), said that it continued to achieve excellent financial results in 2011 with net income of the Bank increased by 18%, assets by 9%, investments and financings by 4% and customer deposits by 14%. The Bank has also opened more branches in [...]

Bahrain is victimof Western media bias

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Demonstrators for the most part acted within accordance of the laws, except for a few isolated incidents of vandalism and rock throwing. The official also revealed that the media advisor of His Majesty King Hamad Bin Isa Al-Khalifa recent revelations of progressive talks was an encouraging sign that common ground might be reached in order [...]

Royal Court hails freedom of expression

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The Royal Court hailed the civilized expression of opinion which held during the rallies held respectively at Al-Fateh and in the Northern Governorate. “What happened today in both rallies stands as clear evidence and a source of pride for all Bahrainis”, it said. In a statement issued on Friday, it reaffirmed the directives of His [...]

Bahrain increases Sports budget 150% to BD6.12m

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The budget allocated for sports associations for 2012 has soared by a record 150% to top BD6.12 million, up from BD2.725 million last year. The Bahrain Olympic Committee (BOC) unveiled the all-time high budget in a press conference held today. BOC Chief Executive Officer Shaikh Khalid bin Abdulla Al-Khalifa and Secretary-general Shaikh Ahmed bin Hamad [...]

Jordan’s Prince Al-Hasaan raps up Bahrain visit

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His Royal Highness Prince Al-Hassan bin Talal on Friday left Bahrain in the company of his son HRH Prince Rashid bin Al-Hassan bin Talal, following a visit during which he met His Majesty King Hamad bin Isa Al-Khalifa. He was seen off at the airport by National Guard Commander Major-General HH Shaikh Mohammed bin Isa [...]

Multi-party dialogue in Bahrain imminent: Minister

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The advisor to His Majesty King on Media Affairs, Nabeel bin Yacub Al Hamer said the national multilateral dialogue engaging all components of Bahraini society would be held soon. “All parties have expressed the desire to put an end to the brewing crisis”, the Bahrain News Agency quoting Al Hamer, said. Bahraini daily Al-Ayam quoted [...]

Royal Bahrain Air Force will conduct joint air exercise

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The Royal Bahraini Air Force (RBAF) will carry out a joint air exercise from April 8 to 18 with an unprecedented participation of 22 warplanes from brotherly and friendly countries. RBAF held a final meeting to assess preparations for the “Main Connection 2012″ air drill which was attended by representatives from Saudi Arabia, the UAE, [...]

Accidents in aviation reach new low in 2011: IAA

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The International Air Transport Association (IATA) announced that the 2011 accident rate for Western-built jets was the lowest in aviation history, surpassing the previous mark set in 2010. The 2011 global accident rate, measured in hull losses per million flights of Western-built jets, was 0.37, the equivalent of one accident every 2.7 million flights. This [...]

BMS to host International Leadership Conference 2012

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Bahrain Management Society is set to organise the annual International Leadership Conference (ILC 2012) under the theme “Enforcing Regional Competitiveness through Leadership, Critical Thinking and Innovation”. The President of the Board of Directors of, Dr. Adel Hamad said that the event would be held under the auspices of His Excellency Dr. Abdul Hussain bin Ali [...]

IDB will host Business Forum in Nigeria

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Under the Patronage of Goodluck Jonathan GCFR, President of the Federal Republic of Nigeria, the Islamic Development Bank (IsDB) Group, based in Jeddah, Saudi Arabia, will host a two day business forum under the title ‘IsDB Group-Nigeria Business Forum’ in cooperation with the Federal Ministry of Finance of Nigeria and the Nigerian National Investment Promotion [...]

Attorney General pursuing only most serious Medics cases

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The Public Prosecutor in charge of the criminal cases involving a group of medics facing charges from events that took place in and around Salmaniya Medical Complex (SMC) last year, has stated he would only be presenting evidence for a small number of accused involved in the most serious criminal violations. As indicated by the [...]

Tamkeen CEO gets briefing from NIIT officials

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A delegation from Tamkeen (Labour Fund), led by Tamkeen Chief Executive Mahmood Al-Kooheji, visited the National Institute of Industrial Training (NIIT) to discuss the milestones achieved by the programmes provided under the Tamkeen-NIIT partnership. The visit comes as part of Tamkeen’s continuous cooperation with leading training service providers aimed at empowering Bahraini individuals and enhancing [...]

Bahrain to host Intl Conference on pipelines operations

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Best Practice Pipeline Bahrain will host the 1st International Conference and Exhibition on Best Practices in Pipeline Operations and Integrity Management. The three-day event will open on March 19 at the Gulf International Centre for Conferences, under the patronage of Energy Minister Dr. Abdul Hussain bin Ali Mirza. The event, which will take place at [...]

Arab League official denies claims about Bahrain

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Advisor to the Secretary-General of the Arab League for Arab Affairs Ambassador Talal Al Amine denied categorically that he had promised the delegation of the Egyptian Revolutionary Groups, during his meeting with them last Sunday, to include the events of Bahrain in the agenda of 23rd Arab Summit, due to be hosted by Baghdad later [...]

Arab League lauds HM King’s proposal to setup Arab HR body

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The Ministerial Council of the Arab League has welcomed the initiative of His Majesty King Hamad bin Isa Al Khalifa to establish an Arab Human Rights Tribunal, whose by-law will be discussed by an Arab Committee of expert during a meeting to be hosted by Manama. This came as the 137th Session of the Arab [...]

Bahrain MPs meets with their Belgian counterparts

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Second Deputy Chairwoman of the Shura Council and head of the parliamentary delegation taking part in the Crans Montana Forum, currently Head here, Dr. Bahiya Jawad Al Jishi highlighted the importance of enhancing parliamentary coordination between at international gatherings and conferences so as to serve Arab and global issues and develop cooperation between parliaments and [...]

Youssef Al Kareh to head Solidarity General Takaful

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Youssef Al Kareh has been appointed General Manager of Solidarity General Takaful “SGT”, a subsidiary of Solidarity Group Holding, one of the largest Takaful companies in the world. Al Kareh was formerly Acting General Manager at SGT, and has been with Solidarity Group since his appointment as Head of Risk Management at the beginning of [...]

BNH participates in the 12th UoB Careers Day

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Bahrain National Holding Company has participated in the Annual Careers Day held at the University of Bahrain at Sakhir campus. The “Career Day” is an ongoing initiative of The University of Bahrain that is designed to help students raise their awareness about the job market and better understand their future career options. BNH’s participation comes [...]

Youth unemployment reaches 60% in Tunisia, Egypt

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The unemployment rates reached at alarming 25% in the Middle East and North Africa with pockets youth unemployment reaching 60% in countries like Egypt and Tunisia, an expert warned. Badr Jafar, the Co-Initiator of the Pearl Initiative, the GCC-based, private-sector led organization promoting good governance, transparency and corporate responsibility, and President of Crescent Petroleum, delivered [...]

Parliament Speaker calls for green projects

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Representatives Council Chairman Khalifa Al Dhahrani assured parliament support to green industries and environmental projects. He was speaking as he received Director General of the UN Industrial Development Organisation (UNIDO) Dr. Kandeh K. Yumkella. He underscored the parliament’s keen interest to pass legislations aimed at promoting projects to preserve the environment, which comply with international [...]

Bahrain’s Sovereign Fund scores high in transparency

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Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of the Kingdom of Bahrain, has maintained its high ranking for transparency in the independent Linaburg-Maduell Transparency Index issued by the Sovereign Wealth Funds Institute (SWFI). Placed in the top tier of its global peers, the ranking reinforces the institution’s commitment to the highest standards of corporate [...]

Human Rights Minister holds talks with ILO official

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Minister of Human Rights and Social Development Dr. Fatima Al-Balooshi received the International Labour Organization’s (ILO’s) International Labour Standards Directress Cleopatra Doumbia-Henry. Dr. Al-Balooshi discussed the role of the MoHRSD within the government sector, and made a brief presentation on major projects and initiatives the Ministry has adopted in the area of human rights and [...]

Shaikh Nasser issues directive for Mayadeen Magazine

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President of the Supreme Council of Youth and Sports cum Chairman of the Bahraini Olympics Committee His Highness Shaikh Nasser bin Hamad Al Khalifa instructed the preparation of a marketing plan for Mayadeen Magazine. The first edition of the magazine was published in cooperation between HH Shaikh Nasser’s Press Office and the Information Center, which [...]

Bahrain Customs foils attempt to smuggle SR1m

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Bahrain International Airport customs officers have been able to foil smuggling more than one million Saudi Riyals out of the Kingdom. Initial details revealed that a customs officer stopped an Indian traveller at the inspection hall while trying to leave Bahrain. After searching him around, he was found hiding SR 1,064,900 in his suitcase. The [...]

Bahrain to generate energy from household waste

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The Bahrain Cabinet on Sunday endorsed licensing a foreign company specialized in generating electricity from recycled household wastes, with special emphasis on the need to adhere to the nature-friendly requirements. According to the Energy Minister Dr. Abdul Hussein bin Ali Mirza, a maximum of 32 megawatt will be produced within the project, which will help [...]

Bahrain Sharks vie for regional titles with DHL support

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DHL has sponsored the Bahrain Sharks Hockey Team enabling their participation in two key regional tournaments. The team, which will be led by Bahraini Captain Tamer Fakhro will head to Doha on the 8th – 10th of March to participate in the 7th annual CNA-Q Desert Cup and then to Dubai to participate in the [...]

International Safety Council President visits BAPCO

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The President of the International Safety Council has praised Bapco’s support for its initiatives in establishing occupational safety culture and fostering the efforts aimed at enhancing safety standards at industrial organizations worldwide. This

Alba’s value-added sales up in 2012

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Aluminium Bahrain (Alba) on Sunday said that it had closed 2012 with value-added sales up at an average of 65% versus 62% in 2011 while (VA) sales for Q4 2012 represented 64% of the total shipments as compared to 52% [...]

Sakina Bint Hussain School students visits Oil Museum

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A group of students from Sakina bint Husain Primary School for Girls visited the Oil Museum and HRH Princess Sabeeka Park in Awali. The visit is part of the ongoing efforts of the Bahrain Petroleum Company (Bapco) to foster mutual [...]

Bahrain is first to establish a hospital in Somalia

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Chairman of the Royal Charity Organization Shaikh Nasser bin Hamad Al Khalifa said that Bahrain had become the first country to establish a developmental project in the Republic of Somalia. Bahrain is establishing a hospital in Mogadishu. He added th

Investigation in Gudaibiya explosion case concludes

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Public attorney Abdulrahman Al Sayed said that the public prosecution had completed its investigations on the terrorist explosive attack incident that took place February 2012 in Gudaibiya area and claimed the life of one pedestrian. The public prose

Fifteen face legal action for disturbing public order

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The Public Prosecution ordered fifteen rioters, including a woman, to stay into custody for 30 days pending investigation. “They are accused of rioting in Manama on last Friday (January18) in Manama following calls posted on the social media we

Bahrain to implement national occupational standards

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With the signing of the “National Occupational Standards” project convention between the Ministry of Labour and the Supreme Council for Vocational Training and German Society for International cooperation (GIZ) in October 2012, the Project entere

Singer Mehnaz’s body arrives in Karachi on Monday

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Arrangements have been finalised to repatriate the body of Mehnaz Begum through Gulf Air flight GF752 which departs Bahrain International Airport for Karachi at 12.55am on Monday, the officials have confirmed. Mehnaz Begum died of natural causes duri

Bahrain ensures basic amenities to all citizens

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has affirmed the government’s keenness to provide the citizens across the Kingdom with sufficient services, issuing instructions to expand government services and facilities

Bahrain to complete infrastructure projects at priority

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, who chaired at the Gudaibiya Palace the regular weekly cabinet meeting, issued directives to complete the infrastructure and development projects at a priority. Concerning govern

Sabre unveils next-generation web-based booking system

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Bahrain-headquartered Sabre Travel Network Middle East (Sabre), a global technology company serving travel suppliers and agencies, has announced the launch of an online booking engine for travel agencies to establish and grow their online business. The new web booking engine which provides travellers easy way to shop and book travel online by browsing the users’ [...]

Arab League Secretary General lauds HM King’s reforms

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Secretary-General of the Arab League Dr. Nabil Al Arabi held talks with the Bahraini Ambassador to Egypt and its Permanent Representative to the Arab League Shaikh Rashid bin Abdulrahman Al Khalifa. Dr. Al Arabi lauded the reform march launched by His Majesty King Hamad bin Isa Al Khalifa, praising the crucial role played by the [...]

Shura member holds talks with Heritage Foundation official

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Shura Council Financial and Economic chairperson Dr. Aisha Salim Mubarak met Ambassador Terry Millar, director of the Centre for International Trade and Economics and the Mark A. Kolokotrones Fellow in Economic Freedom at the Heritage Foundation. She highlighted Bahrain’s drive to develop economic legislations, attract foreign investments and promote growth. She also reaffirmed Bahrain’s resolve [...]

Dr Al Balushi reviews status of ‘One Unity’ campaign

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Human Rights and Social Development Minister Dr. Fatima Mohammed Al Blushi chaired a meeting with the undersecretaries of the ministries in charge of the “One Unity” campaign to boost national reconciliation. She stressed that national initiatives to achieve reconciliation among all social segments are not exclusive to particular individuals or parties but every person is [...]

Bahrain’s sky to witness beautiful astronomical phenomenon

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Bahrain’s sky will witness the most beautiful astronomical phenomenon this Wednesday in the distinctive planetary conjunction of Venus and Jupiter reaching its closest point, despite being vastly far from one another in space, the two planets will appear a few degrees apart. The distance between them in their alignment with Earth would be something around [...]

Bahrain’s Prime Minister holds talks with his Thai counterpart

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His Royal Highness the Prime Minister Prince Khalifa bin Salman Al Khalifa met with Thai Prime Minister Yingluck Shinawatra. During the meeting stages of the progressive Bahraini-Thai relationships and comprehensive, advanced bilateral cooperation were discussed. The meeting also discussed regional and international issues of mutual concern. HRH the Premier emphasized the Kingdom of Bahrain’s keenness [...]

Bahrain assures support to Somalia

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The Royal Charity Organization’s Board of Trustees President His Highness Shaikh Nasser bin Hamad Al Khalifa emphasized the Kingdom of Bahrain’s support to the brotherly people of the Republic of Somalia in compliance with the directives of His Majesty King Hamad bin Isa Al Khalifa Monarch of the Kingdom of Bahrain who is the Honorary [...]

Bahrain is capable to become regional hub for green technology

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UNIDO’s General Director Dr. Kamdehkolleh Yumkella affirmed that Kingdom of Bahrain was positioned to become a regional headquarters for green technologies that would serve Middle East countries and North Africa towards supporting sustainable growth and development. Dr Yumkella said the preference for Bahrain to host the headquarters was due to its historical constituents, hospitality and [...]

Prince Salman hosts weekly majlis

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His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince and Deputy Supreme Commander hosted his weekly majlis at Riffa Palace. Members of the Ruling Family, senior officials, ministers, dignitaries, Shura Council members, MPs, municipal councilors, clerics, economic and social figures, academics, national and Arab intellectual and media figures, diplomats and prominent ladies attended. They [...]

HM King praises UN efforts for creating sustainable projects

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His Majesty King Hamad bin Isa Al Khalifa Monarch of the Kingdom of Bahrain received in Al-Safriya Palace the United Nations Industrial Development Organization’s (UNIDO) General Director Dr. Kamdehkolleh Yumkella in the presence of HM the King’s Personal Representative and the Public Commission for the Protection of Marine Resources, the Environment and Wildlife’s President His [...]

BCCI launches campaign to stir activity at Manama Souq

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Bahrain Chamber of Commerce and Industry (BCCI) on Tuesday spearheaded a major campaign to create a buzz at the traditional Manama Souq during the upcoming F1 Grand Prix 2012 in April in Bahrain. The Chairman of the BCCI board Dr Esam Abdulla Fakhro and board members of the Chamber along with the Chairman of the [...]

Authorities detain Arab women at airport

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The Director General of Ports stated that the efforts of the Police Directorate of Bahrain International Airport resulted in arresting an Arab woman after stealing 8 thousand Saudi Riyals from one of the exchange companies at the airport. He explained that a communication received at the Airport’s Police Directorate that an exchange company at the [...]

IAA slams disgruntled elements for smearing propaganda

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The Kingdom of Bahrain pledged to continue its adopted open media policy. “The media doors remain open to embrace diverse opinions, political and intellectual orientations”, the Information Affairs Authority said, stressing diversity, impartiality, objectivity, respect of responsible freedom of opinion, in line with the legislative strides and atmosphere of political openness under the reform project [...]

Over 101 exhibitors take part in Green Technology Forum

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The number of pavilions at the Bahrain International Green Technologies Forum has exceeded 101, the organizing committee today announced. The pavilions belong to ministries and government departments, in addition to companies from China, Taiwan, South Korea, Japan, France, Egypt, Malaysia, Saudi Arabia and the UAE. The BIGTF organizing committee said that the number of pavilion [...]

IAA Bahrain member wins EMBA scholarship

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Mahmood Rafique, Member of International Advertising Association (IAA) Bahrain Chapter, has been selected to receive the Executive MBA in Creative Leadership at the Berlin School of Creative Leadership at Steinbeis University Berlin. Starting on March 18th, Mahmood will participate in the part-time business management degree programme entitled “Executive Master of Business Administration in Creative Leadership” [...]

IATA seeks strong partnerships across the Air Cargo Chain

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The International Air Transport Association (IATA) advocated strong partnerships across the air cargo value chain to address an industry agenda to enhance safety, security, sustainability and competitiveness. “Air cargo is critical to the global economy. By value, over 35% of goods traded internationally are handled by air. But this accounts for just 0.5% of global [...]

Zain KSA appoints Fraser Curley as new CEO

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The Board of Directors of Mobile Telecommunications Company Saudi Arabia (Zain KSA) approved the appointment of Fraser Curley as Chief Executive Officer, taking over from Khalid Al-Omar who retires following a career of over 26 years within Zain Group and the successful completion of his objectives in Saudi Arabia. Khalid Al-Omar became Managing Director and [...]

UAE tourism to generate $19.9b in 2012

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The direct contribution of travel and tourism to the UAE GDP is expected to hit $19.9 billion this year , or 6.1%, compared with $16.6 billion, or 6.6%, in 2009, according to the World Travel & Tourism Council. Flush with petrodollars, with oil prices consistently above $120 a barrel, the United Arab Emirates, Saudi Arabia [...]

Abraaj Capital, PIF closes $50m Fund

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Abraaj Capital, Palestine Investment Fund (PIF), Bank of Palestine (BoP), Cisco and the European Investment Bank (EIB) jointly announced the first close of the Palestine Growth Capital Fund, which will provide private equity growth capital investments and management support to high growth small and mid-cap companies (SMCs) in Palestine. The announcement was made today during [...]

GFH clarifies KSE statement on bank’s financials

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The statement issued by GFH on Tuesday and attributable to Dr. Haider Majali Chief Strategy Officer/Corporate Secretary of the bank aimed at clarifying the misleading and misunderstood statement made by the Kuwait Stock Exchange on its website on Monday which according to the banks caused a quite stir about bank’s financials. “With reference to the [...]

Over 400 journalists covering GCC Summit

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The 33rd GCC Summit, which will officially kick off on Monday, will be covered by over 400 journalists and media representatives from GCC and across the world, the Minister revealed on Monday. The State Minister for Information Sameera Rajab, who [..

GCC Summit fosters the existing ties

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Shura Council Chairman Ali bin Saleh Al Saleh affirmed that the 33rd session of the GCC Leaders Supreme Council, which will convene in Manama tomorrow, will contribute to further boosting the GCC joint march. This march, he added, “is progressi

GCC economic integration tops the 33rd Summit agenda

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The preparatory session chaired by the Foreign Minister of Bahrain Shaikh Khalid, on Sunday submitted to the two-day GCC summit a number of recommendations which stress the need to implement the GCC decisions regarding the provisions stipulated in th

GCC is moving in the right direction of Union

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa emphasized that the process of joint GCC co-operation is moving in the right direction towards further strengthened security and economic integration that would pave the way for i

GCC Chief congratulates HM King for hosting Summit

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GCC Secretary General, Abdullatif Bin Rashid Al Zayani conveyed his utmost heart felt congratulations for His Majesty King Hamad Bin Isa Al Khalifa on chairing the Thirty Third GCC Supreme Council’s Summit, praising HM’s wisdom and insight which

GCC Summit serves as vital pillar to region’s integrity

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, during the cabinet meeting said that the forthcoming Manama Summit is much awaited amid the on-going regional and global challenges the entity is currently facing and in light of

Arab Writers’ Union meet opens in Manama

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The 25th conference of the Arab Writers’ Union opened in the King of Bahrain. Culture Minister Shaikha Mai bint Mohammed Al-Khalifa patronised the opening ceremony, in the presence of His Majesty’s Advisor for Media Affairs Nabeel bin Yac

Gulf Air Grand Prix brings $500m economic benefits

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Shaikh Salman bin Isa Al Khalifa, the CEO of the Bahrain International Circuit (BIC), reiterated that the Gulf Air Bahrain Grand Prix would bring numerous economic benefits by creating a number of jobs which will brighten the economic outlook for [...]

Gulf Credit Partners completes 1st transaction

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Gulf Credit Partners, the regional credit business which was launched by Gulf Capital, has successfully completed its first financing transaction for a locally based company SES FZCO (SES). SES is a leading provider of temporary and medium term energy solutions [...]

Al Baraka Bank Egypt net income slips by 7% in 2011

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Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group BSC (ABG), said that it had achieved a 54% increase in net operating income in year 2011. “Total assets also increased by nine percent, financing and investments [...]

Dr Hassan Fakhro visits Bahrain Investors’ Centre

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Within the framework of his keenness to follow up progress in various sectors of the Ministry, and to stand on the developments of mobility and achievement especially front offices and services directly related with reviewers, Industry and Commerce Minister Dr. [...]

Dr. Fakhro holds talks with BCCI Chairman

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Industry and Commerce Minister Dr. Hassan Fakhro held talks with the Chairman of Bahrain Chamber of Industry and Commerce Dr. Essam Fakhro. During the meeting, they reviewed a number of issues and common topic of interest between BCCI and the [...]

Bahrain gets state-of-the-art science centre

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Bahrain’s Ministry of Human Rights and Social Development has appointed MTE Studios to run operations of the Bahrain Science Centre which is slated to open soon to public. Experts in Science Centre and Museums operations and management, the company has [...]

KFH-B sponsors the Men’s ITF Futures Tennis Tournament

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Kuwait Finance House–Bahrain (KFH-B), announced its sponsorship of the first-ever ITF Future Tennis Tournament, being held in the Kingdom of Bahrain between March 26 to April 7, at the Bahrain Tennis Club (BTC) courts in Juffair. The two week tournament [...]

Unisono holds ‘Madmen’ Night

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Unisono held a Madmen inspired night at its headquarters in Sanabis where industry peers and clients where able to network and enjoy some 50’s style hospitality and entertaining clips from the early days of advertising. “Events are a great way [...]

Hedge funds make gains in February rally

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Hedge funds made money in February’s broad market rally and in the absence of significant macro events, according to Man’s monthly Hedge Fund Overview research which analyses the industry using several data sources. The HFRI Fund of Funds Composite was [...]

Dr Mirza chairs Tatweer AGM

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Dr. Abdul-Hussain bin Ali Mirza chaired the shareholders general assembly for Tatweer Petroleum Company which was held in the company’s main office. The meeting was attended by representatives of the shareholders; nogaholding, Mubadala and Occidental Petroleum companies. The meeting’s agenda [...]

BMB pays $2.3m dividends for Q1

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Bahrain Middle East Bank today (B.S.C) announced the distribution of $ 2.3million to its private equity Investors for the quarter ending 31 March 2012 – thereby taking aggregate distributed since the New Management take-over to $17.7 million. “We are pleased [...]

Sakana launches business referral scheme

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Bahrain-based Sakana Holistic Housing Solutions, the Islamic mortgage finance provider recently hosted a networking dinner for Bahrain real estate service providers at Crowne Plaza Hotel. During the event, Sakana announced launch of “Business Partner Referral Rewards Program” for real estate [...]

Dr Fakhro receives Merrill Lynch team

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Industry and Commerce Minister Dr. Hassan Fakhro received Resident Director of Merrill Lynch Bank Johnathan Cross accompanied with Vice President Nitesh Agarwal. During the Meeting, they discussed a number of issues related to economic matters and related to investment and [...]

Royal Thai Navy assumes command of CTF 151

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Rear Admiral Tanin Likitawong, Royal Thai Navy, relieved Commodore Aage Buur Jensen, Royal Danish Navy, as Commander Combined Task Force (CTF) 151, during a change of command ceremony onboard USS Halsey (DDG 97), Muscat, Omanon Thursday. The ceremony concluded the [...]

Global Aerospace Summit 2012 opens on 16th April

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Global Aerospace Summit 2012 (The Summit) announced the agenda for the Summit taking place at St. Regis Hotel, Abu Dhabi on 16-17 April 2012 has now been finalized. Tony Tyler, IATA Director General, will deliver a State of the Industry [...]

IFSB adopts Liquidity Risk Management, Stress Testing principles

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The Council of the Islamic Financial Services Board (IFSB) has approved the adoption of two new Guiding Principles in its 20th Meeting held in Bahrain Manama on Thursday. The two documents are IFSB-12: Guiding Principles on Liquidity Risk Management for [...]

Standard Chartered hosts EMTA Forum

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Standard Chartered Bank hosted the Emerging Markets Traders Association’s (EMTA) forum in Dubai. The event was attended by more than 100 Bank clients comprising top executives and traders from the region. The Dubai forum is part of the Trader’s association [...]

IFSB admits five new members

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The Council of the Islamic Financial Services Board (IFSB) has resolved on Thursday to admit two new regulatory and supervisory authorities into the IFSB membership – one as a full member and the other as an associate member. Three new [...]

Bahrain’s tourism and retail sectors show growth

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Despite a challenging year Seef Properties showed an increase in its leasing business, showing the resilience of the business model put in place by the board of the company, a top official at the company said. “Bahain’s tourism, retail and [...]

GFH on the right path of profitability, growth

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Bahrain-based Gulf Finance House (GFH) on Thursday reiterated that it had achieved a turnaround by returning t profitability and 2011 and the bank would continue on the path of sustainability and growth, a senior official at the board said. Addressing [...]

Air Arabia triples Dammam frequency

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Air Arabia, the Middle East and North Africa’s first and largest low cost carrier (LCC) announced the launch of additional daily flight to Dammam in Saudi Arabia. With the launch of the additional service, Air Arabia now operates three daily [...]

AIWF & ABCC co-host London Forum

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The Arab International Women’s Forum (AIWF), a non-profit organisation founded in London in 2001 that serves as a voice for Arab women leaders, co-hosted two events with the Arab-British Chamber of Commerce (ABCC) at the Chamber’s Headquarters in Central London [...]

Azzam clinches double victory at BIC

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Ramez Azzam of Canada and Clemens Schmid from Austria overcame gloomy weather conditions on Friday (March 30) to shine brightly in Sakhir as Speed Weekend flagged off in exciting fashion at Bahrain International Circuit (BIC). Azzam captured a double pole [...]

Dr Hassan Fakhro visits Gulf Hotel

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In line with his keen interest to follow up closely on the latest economic development in the kingdom, industry and Commerce Minister Dr. Hassan Abdulla Fakhro has paid a visit to the Gulf Hotel. Upon arrival, the Minister and his [...]

National Hotels Company pays BD1m as dividend

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The National Hotels’ Company has resolved to distribute 10% of its capital in cash dividends i.e. BD 1 million to its shareholders. The company decided to allocate BD 245,000 i.e. 10% of the year’s profits into the legal reserve account, [...]

Bahrain’s hospitality sector braces for F1 Grand Prix

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The hospitality industry in Bahrain seems upbeat on the return of the Gulf Air Formula One Grand Prix to Bahrain, according to a report published by the Bahrain News Agency (BNA) on Friday. The report maintains a positive sentiment prevails [...]

Saudi Monarch holds talks with Hillary Clinton

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The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud received at his palace the US Secretary of State Hillary Clinton and her accompanying delegation, currently on a visit to Saudi Arabia. According to the Saudi Press [...]

Shaikh Nasser to attend GCC Olympics meet in Saudi

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Supreme Council for Youth and Sport Chairman and Bahrain Olympic Committee President Shaikh Nasser bin Hamad Al-Khalifa arrived in Jeddah, Saudi Arabia, to lead Bahrain’s delegation to the meeting of the GCC Olympic committees’ chiefs. He was welcomed on arrival [...]

Misleading info damages Bahrain’s image

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State Minister for Information Affairs, Sameera Ibrahim bin Rajab, the government’s official Spokesperson, criticized fallacies disseminated about Bahrain, describing them as bearing no iota of truth and misleading to the public opinion. She sa

Bahrain honours outstanding workers

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His Majesty King Hamad bin Isa Al Khalifa delegated Labour Minister Jameel bin Mohammed Ali Humaidan to attend the 27th edition of the annual honouring ceremony, held under HM’s patronage at the Crowne Plaza Hotel. During the ceremony, the Labo

Arab News Agencies conference to identify challenges

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The Director General of the Saudi News Agency (SPA), Abdullah Bin Fahd Al Hussain stressed that the 40th conference of the General Assembly of the Federation of Arab News Agencies currently held in Manama comes in the framework of a [...]

UN-based media organization launches UNEARTH News

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Award-winning MediaGlobal News, an independent news organization based at United Nations Headquarters in New York City, announced the online launch of UNEARTH News, a new and distinct voice reporting on the human dimensions of climate change, and the

Bahrain expects 7.2% salary rise in 2012

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In the backdrop of an average salary rise in GCC of 6.7%, Bahrain expects 7.2% pay increase in 2012, according to the GCC Aon Hewitt survey. Data from the latest Salary Increase Survey (SIS) from Aon Hewitt, the global human [...]

NCC responds to 150,000th call

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The National Contact Centre (NCC) for the Kingdom of Bahrain celebrated a major milestone by responding to its 150,000th caller. Silah Gulf (Silah), a multi-award winning business process outsourcing (BPO) and customer experience provider, operates the 8000 8001 hotline. In [...]

TIC brings John Hopkins Medicine services in Bahrain

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Bahrain-based one of the oldest takaful companies in the region, Takaful International, hosted a medical seminar in cooperation with Anadolu Medical Center. The visiting Anadolu Medical Center held meetings with the professionals, government officials and prospective clients who can benefit [...]

Action Libya opens its doors for business

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Action Bahrain, an independent, full-service public relations consultancy, has announced the opening of an office in Tripoli, Libya in response to growing demand from existing and prospective clients. The Action network now covers the whole North Africa region and Action [...]

Abdulla Yousif Fakhro & Sons sign up with CBRE

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Abdulla Yousif Fakhro & Sons and CBRE signed an agreement appointing CBRE to manage and lease the Fakhro Tower, a prestigious new commercial office complex in Dana, Manama. Nearing completion, the tower extends 30 storeys and provides 19,000 square meters [...]

IGI Holdings reports $23.2m net profits

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International General Insurance Holdings Limited (IGIH) reported net earnings of $23.2 million for 2011, an increase of 35.05% compared to $17.2 million for the 2010 fiscal year. “Marking our 10th anniversary, I am very pleased to announce our record earnings. [...]

Tamkeen-AIESEC start third intake for training

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Tamkeen and AIESEC in Bahrain are currently accepting applications for the Global Internship Programme, now in its third cycle. The Tamkeen-AISEC partnership is in line with Tamkeen’s ongoing efforts to support human capital development in line with labour market requirements. [...]

StandChart eyes 20m NRIs investors

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Standard Chartered has launched the NRI 3-in-1 Account, a complete investment solution for non-resident Indians (NRI) to access Indian investment markets. Indian investors collectively account for the third highest investor base in the world with over 20 million investors. Standard [...]

Kuwait reveals $274b realty projects for 2012

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Kuwait is positioning itself as one of the Middle East and North African (MENA) region’s emerging construction markets with over 267 projects worth $274 billion underway for 2012, according to a report from CPH World Media, a leading business research [...]

Saudi Arabia emerges pivotal for foreign investors

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With speculation growing that Saudi Arabia might loosen restrictions on foreign investment in its stock market, the oil-rich country could present global investors with a play on rising middle-class spending that is surprisingly similar to developing Asia, according to an [...]

EMEA aerospace, defence sector likely to boost buybacks

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EMEA-based aerospace and defence companies are likely to increase their returns to shareholders in 2013, particularly via share buybacks, according to Fitch Ratings. “This is due to strong cash generation last year and limited growth in capex or M&

BKIC plans regional expansion to bolster business

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Abdulla Buhindi Chairman of Bahrain Kuwait Insurance Company (BKIC) on Tuesday said that the company’s regional expansion plans including opening up a new branch in Qatar was on the right track. Buhindi, was talking to reporters on the sidelines of

Investors lack of confidence bites banking profits

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Investors’ lack of confidence is impacting banking industry’s profitability and overall business performance, a senior banker revealed on Tuesday. “The positive investment climate and investors’ confidence serve as vital pillar to move the bu

Carbon constraints could negatively impact global oil sector

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An increasingly carbon-constrained world could pose formidable challenges for the global oil sector, according to a new report by Standard & Poor’s Ratings Services and Carbon Tracker Initiative. The report, ‘What A Carbon-Constrained Future Coul

Basel III remains a major challenge for financial sector

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Within the regulatory framework, Basel III continues to be a major topic of discussion throughout the financial industry, Rasheed M. Al-Maraj, Governor, Central Bank of Bahrain (CBB) told the participants of the Euromoney Bahrain Conference 2013 on T

CFOs remain cautious on aggressive capital spending

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CFO optimism has rebounded from historic lows in many countries as several political and economic uncertainties have been resolved or eased, according to findings of Deloitte’s Q4 Global CFO Signals survey. However, many chief financial officers (C

A Bahraini Court awards 5-year jail in money laundering case

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The High Criminal Court of the Kingdom of Bahrain issued a ruling on a money laundering case against . Majid Al-Refai was convicted of money laundering and fraud and was sentenced to 5-year imprisonment and fine of BD100, 000. Al-Refai [...]

Alpen Capital launches Saudi Arabia operations

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Alpen Capital Saudi Arabia has been licensed by the Capital Markets Authority (CMA) to conduct “arranging” and “advising” activities in the Kingdom of Saudi Arabia. Alpen Capital will be establishing its first office in Saudi Arabia in the ci

AAOIFI wins Islamic finance industry award

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Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has been awarded being the Most Outstanding Standard Setting Body by Islamic Finance News, an industry publication. The award was presented to AAOIFI at a ceremony in Du

Bahrain’s economy on the right path of growth

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Over 350 leading bankers, financiers, regulators and investment experts from across the region gathered in Bahrain on Tuesday to attend the annual Euromoney Bahrain conference, co-hosted by the Bahrain Economic Development Board. The Kingdom’s

The eGov Authority to host workshop on Cyber Law and PPP

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The eGovernment Authority in collaboration with United Nations ESCWA will organize the first specialized workshop on the sidelines of Bahrain International eGovernment Forum 2012 on Monday 9th April at Ritz Carlton Hotel, Al Noor Ballroom The Cyber Law and Public [...]

IFRS 9 changes financial reporting landscape: Deloitte

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The latest changes to International Financial Reporting Standards (IFRS), adapted and used in over 100 nations across the world including most countries in the Middle East, will change the financial reporting landscape in an extensive way, according to Deloitte. The [...]

Bahrain’s evolving job market brings enormous challenges: Expert

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The changing face of the global labour market heightens the need for educators to guide students in their course selections and encourage them to weigh up how today’s choices could impact tomorrow’s job prospects, according to the Director of the [...]

F1 Grand Prix brings $200m as direct impact to businesses

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Bahrain’s business community should maximise their share of the spotlight when the 2012 Formula 1 Gulf Air Bahrain Grand Prix takes place on April 20-21-22. This was the message of Bahrain International Circuit (BIC) Chief Executive Shaikh Salman bin Isa [...]

Weight loss, low hemoglobin for hunger striker: Official

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Authorities have released information regarding the care of Abdulhadi Al Khawaja who is currently incarcerated at Jau Prison for his alleged role in an attempt to overthrow the Government early last year. Al Khawaja’s family has said that he is [...]

HM King Hamad to pay historic visit to Japan

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His Majesty King Hamad bin Isa Al-Khalifa is expected to pay an historic visit to Japan. Information Affairs Authority President Shaikh Fawaz bin Mohammed Al-Khalifa received a Japanese media delegation representing NHK TV Channel and Shimbun newspaper, ahead of HM [...]

Interior Minister visits Special Forces HQ

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His Excellency Minister of Interior Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa visited on Tuesday the Special Security Forces Command in Safrah. He conveyed to officers and other ranks the greetings of His Majesty King Hamad bin Isa Al Khalifa [...]

Ministry of Interior slams Al Wefaq speech

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The Assistant Undersecretary of Legal Affairs at the Ministry of Interior has condemned what was mentioned in the speech of the General Secretary of Al-Wefaq National Islamic Society on Saturday March 31, and highlighted that hailing the recent incidents disunites [...]

Bahrain is a key ally of US: Congressman

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US Congressman described Bahrain as key strategic ally in the region. “Bahrain has always been a friend of the US over the past years”, US Representative Jim Hims, quoted saying by the Bahrain News Agency (BNA). He stressed the growing [...]

HRH Premier ensures better living standards

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His Royal Highness the Prime Minister Shaikh Khalifa bin Salman Al Khalifa has instructed the concerned sides to continue implementing government’s development projects, especially those aiming to upgrade the standards of living of the citizens and the quality of the [...]

Princess Sabeeka opens geriatric wards

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Her Royal Highness Princess Sabeeka bint Ibrahim Al-Khalifa, Wife of His Majesty King Hamad and President of the Supreme Council for Women patronized the opening of two geriatric wards at Muharraq-based Maternity Hospital and the Elderly House. The new facilities [...]

Bahrain attends UN meet on human trafficking

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The UN General Assembly President held on the l an interactive forum on human trafficking, at the initiative of delegations of Bahrain, UAE, Belarus, Portugal, and Philippines. The forum was held in the headquarters of the UN in New York [...]

HM King receives Japanese envoy, businessmen

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His Majesty King Hamad bin Isa Al Khalifa received at Al-Safriya Palace Japanese Ambassador to Bahrain Shigeki Sumi who introduced to him a number of Japanese businessmen residing in the Kingdom as well as Bahrain-Japan Business and Friendship Society President [...]

HM King Hamad briefs Japanese media

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His Majesty King Hamad bin Isa Al Khalifa, received at Saferiya palace, a Japanese media delegation. The delegation included representatives from Radio and TV, Japanese TV NHK, Japanese News Agency, Asahi Shimbun newspaper, and the Nikkei newspaper. The delegation conducted [...]

BNP Paribas Chief holds talks with Finance Minister

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Finance Minister Shaikh Ahmed bin Mohammed Al-Khalifa met BNP Paribas Chairman Baudouin Prot and discussed key financial, banking and business issues. The minister hailed the outstanding status of PNB Paribas – being one of the pioneering banks in the world. [...]

BNP Paribas Chairman concludes Middle East visit

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BNP Paribas’ Chairman, Baudouin Prot has completed a visit to the Middle East Region, where he took the opportunity to meet with key clients, government officials, decision makers, management and staff. During his three-day tour of the Middle East Region, [...]

ABG net income up 11% to $235m in 2012

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The Bahrain based leading Islamic banking major Al Baraka Banking Group (ABG) has achieved a net income of $235 million in 2012, an increase of 11% on the income achieved in 2011. The Group’s total assets increased by 11%, total [...]

Etihad-Kenya airways signs strategic partnership

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Etihad Airways, the national airline of the United Arab Emirates (UAE), is to expand significantly its reach across Africa after signing a strategic commercial partnership agreement with Kenya Airways, the national flag carrier of Kenya. Etihad Airwa

Bahrain’s hospitality sector shows robust growth

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The hospitality sector in Bahrain has bounced back much strongly than expected in the post 2011 slowdown which further reaffirmed country’s position as an emerging tourism hub in the region, a top hotelier revealed. Avsar Koc, Regional Director of Sales [...]

Gulf Air inducts 5th Tamkeen trained female crew

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Gulf Air, the national carrier of the Kingdom of Bahrain and Tamkeen, welcomed the fifth group of seven all-Bahraini female cabin crew to the Gulf Air family. In a graduation ceremony held at Elite Resort and Spa, attended by family [...]

Bapco organizes musical event in Awali

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Bapco organized a musical event at Awali in collaboration of the Life Of Music Institute. The event was held on the sidelines of the closing ceremony of Bapco’s First Annual Arts Competition, which was held under the patronage of HE [...]

Tamkeen receives “Ladies First International”

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Tamkeen received a delegation from “Ladies First International”, a worldwide women network headquartered in France, as part of the delegation’s current visit to the Kingdom from April 2 – 6. The delegation was introduced to the wide range of Tamkeen’s [...]

Gulf Air signs agreement with GOSI

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Gulf Air, the national carrier of the Kingdom of Bahrain, has recently signed a partnership agreement with Social Insurance Organization (GOSI) in Bahrain that allows discounts to senior citizens, i.e., pensioners, and their immediate family members when travelling on Gulf [...]

SPE-Bahrain organises presentation on Fiber-Optic

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The SPE-Bahrain organised a presentation entitled “E&P Applications of Fiber-Optic Technologies” as part of the Distinguished Lecturer Programme, arranged by SPE International. The presentation was delivered by Dennis Dria, petroleum technology advisor for Myden Energy Consulting. The presentation was held at [...]

Bahrain tops in global IT ranking

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The Kingdom of Bahrain has been ranked top in the region in the World Economic Forum’s (WEF) Global Information Technology Report, produced in cooperation with INSEAD. The Kingdom has also improved its position within the top 30 global economies, climbing [...]

Finance Minister rules out closing down of Gulf Air

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Minister of Finance Shaikh Ahmed bin Mohammed Al Khalifa emphasized that he had not given any statement to the effect that there was any government intention to shut down Gulf Air. The Minister said that the statement attributed to him [...]

GCC banks’ revenues up 7% in 2011

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The banking industry in the Middle East experienced a healthy revenue growth of seven percent in 2011, after revenues had stagnated the year before. Subsequently, profits also increased significantly in 2011 and reached the highest level since the all-time high [...]

Lufthansa carries 40000 passengers from Bahrain

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The year 2012 has been the most successful year for Europe’s leading carrier in Bahrain. More than 40000 passengers chose to fly with Lufthansa to and from Germany and beyond, an increase of more than 50 per cent compared to [...]

Bond yields to remain low: Barclays

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The structural demand for safe haven assets will remain high, thus keeping bond yields low relative to historic norms. Diminishing demand for safe havens associated with slower official reserve accumulation will likely be offset by demand from banks

A high time to buy US dollar amid impressive performance

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Buy the US dollar stepping back from the short-term noise; one of the more impressive performances in recent months has been that of the US dollar, according to the BofA Merrill Lynch report. “No longer correlated with volatility, the US [...]

Bahrain’s First Lady chairs SCW 5th meeting

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The Supreme Council for Women (SCW) has extended sincere thanks and gratitude to His Majesty King Hamad bin Isa Al Khalifa for approving the National Plan to Implement the National Strategy for the Advancement of the Bahraini, praising the Royal [...

Bahrain briefs Kuwait Fund on housing sector

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The Minister of Housing, Bassam Al Hamer, affirmed that the ministry and the Kuwait Arab Economic Development Fund delegation had reached agreements and agreed on a number of organizational issues related to housing projects. This comes as part of Ku

HRT brings Spanish hopes to Bahrain

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HRT Formula 1 Team arrives for the 2012 Formula 1 Gulf Air Bahrain Grand Prix aiming to take another step towards competitiveness for this uniquely Spanish racing outfit. As the second of the three all-new teams that made their Formula [...]

eGov Forum 2012 kicks off on Sunday

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His Highness Shaikh Mohammed bin Mubarak Al Khalifa, Deputy Prime Minister, Chairman of the Supreme Committee for Information and Communication Technology (SCICT), opens the fifth Bahrain International eGovernment Forum 2012 on Sunday at the Ritz-Carlton Hotel, Bahrain. During the inaugural [...]

Joint Air Force exercise begins on Sunday

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The Basic Liaison Drill 2012, organised by Bahrain Defence Force, will commence on Sunday with an unprecedented participation of 100 jet-fighters from ten sisterly and friendly countries. The military exercise is part of the Royal Bahraini Air Force (RBAF) training [...]

Alba supports charity

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Aluminium Bahrain (Alba) donated BD 5,000 to the Bahrain Society for Children with Behavioural and Communication Difficulties. The Chairman of Alba’s Board of Directors, Mahmood Hashim Al Kooheji presented the cheque on Alba’s behalf to the Board Member of the [...]

NBB honours long-serving employees

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NBB honoured 14 of its staff members with special awards in recognition for their long and continuous service. These members have been with the Bank for at least 10 years, while some have been serving the Bank for over 35 [...]

STC Group CEO Saud Al-Daweesh steps down

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Following a long standing career with STC, Group CEO Saud Al-Daweesh hands in his notice to retire leaving a track record of achievements and contribution to the largest telecommunications group in the region. In a statement issued on Tadawul, STC [...]

RUW hosts Intl Women Day

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Under the patronage of Prof. Mazin Juma President of Royal university for women and Dr. Jameela Mukhaimer Dean of students affairs, Royal University for women (office of Students affairs) organized the International women’s a day celebration and seminar. The programme [...]

Govt remains committed to hospitality sector

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Industry and Commerce Minister Dr. Hassan Fakhro confirmed government’s keen to hotel sector, which is one of the most important foundation of tourism and the main artery of tourism industry in the Kingdom. This came during his visit with a [...]

Home Owner Association serves as vital tool

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The Bahraini Government has introduced a legislation empowering all Freehold Owners to get together and form their Home Owner Association (HOA) so they can take control of the Common Areas of their buildings. All commercial contracts, power bills, insurances, public [...]

Vice Chairman Pakistan Club bids farewell to embassy staff

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Vice Chairman Pakistan Club Mohamed Afzal Bhatti hosted a farewell party for the outgoing Labour Attache at Pakistan embassy Rana Rafiq, who is leaving Bahrain after three and half years serving at the embassy. The dinner was attended by about [...]

GCC economic growth forecast to beat developed economies

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The GCC economies are growing at a faster rate than advanced and overall world economies and are closely following the growth of emerging economies. The GCC is forecast to grow by 4.6 per cent in 2013, compared with 1.5 per [...]

GCC media lags behind its global peers

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Minister of State for Information Affairs, Samira Ibrahim Bint Rajab stressed that the most dangerous challenge facing the GCC states is the weak media, highlighting that the Gulf media still doesn’t have the elements of modern and contemporary med

Smart phones emerge best buys in holidays

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Smart phones may be among retailers’ strongest allies this holiday season in the US, according to Deloitte’s annual holiday survey of consumer spending intentions and trends. Half (50 percent) of consumers surveyed own smartphones, and nearly 7 i

Bahrain navigates through difficult times in 2012

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While 2012 may have been marked by an ongoing political stalemate and effects from regional and local unrest, Bahrain managed to overcome negative pressures and produce solid growth for 2012, according to Oxford Business Group latest Economic Update.

Tamkeen partners with Global Intrapreneurship Forum

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The Firm (TF), an international private members club and marketplace for business development and intrapreneurship, announced Tamkeen, as the “Intrapreneurship Partner” for the Global Intrapreneurship Forum 2012 to be held in Bahrain on May 27-282012 at the Gulf Hotel. The [...]

Tamkeen gives insight about its programmes

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As part of its ongoing efforts to support and develop Bahrainis and directly engage with its target audiences, Tamkeen recently held an open meeting with more than 50 people in MP Abdulhakim Al Shemmari’s weekly majlis in Adliya to shed [...]

Bapco’s new board convenes a meeting

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Dr. Abdul-Hussain bin Ali Mirza, Minister of Energy, Chairman of The National Oil and Gas Authority, the first meeting of the new Board of Directors of Bapco was held 2012 at Al Dar, Awali. The meeting was chaired by Adel [...]

Prince Salman slams provocative rhetoric

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HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander emphasized the need to disallow anyone whomsoever from exploiting religion for the purpose of abusing anyone else whether through political rhetoric or resorting to violence or provocations [...]

Religious leaders should play constructive role

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The Ministry of Justice, Islamic Affairs and Endowments asserted the significant role and responsibilities of religious speeches in preaching the message Islam and consolidate fraternal bonds and national unity. The Ministry regretted the incitement of violence and fostering of hatred [...]

Bahrain’s Cabinet slams acts of sabotage, rioting

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The cabinet on Sunday condemened in the strongest terms the acts of sabotage, rioting and targeting of public and private property and security personnel, stressing that those illegal practices are widely denounced by both official and public sides. The Cabinet [...]

BCCI launches probe into allegations against CE

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The annual general assembly of the Bahrain Chamber of Commerce and Industry on Sunday formed a committee to probe into the allegations levelled by some members against the Chief Executive of the BCCI Ebrahim Allangawi. The members who push the [...]

BCCI reinstates two sacked board members

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The Bahrain Chamber of Commerce and Industry (BCCI) members during a general assembly meeting on Sunday unanimously reinstated two sacked directors namely Adel Hassan Alaali, Second Vice Chairman and Ebrahim Abdali Isa Aldaaysi. The decision on Sunday means that two [...]

Bahrain embarks on a new eGov strategy 2016

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The Kingdom of Bahrain on Sunday announced the launch of the eGovernment strategy 2016, a step seen as a vital in keeping Bahrain abreast with dynamic changes taking place in the global ICT sector. His Highness Shaikh Mohammed bin Mubarak [...]

Bahrain jumps to 7th slot in eGov services from 62nd

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Mohammad Ali Al Qaed, the Chief Executive of the eGovernment Authority, who highlighted the achievements and accomplishments of the Kingdom since the establishment of Bahrain’s eGovernment programme such as availing 230 eServices and four channels that did not exist before. [...]

Arab news agencies need to work together

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Director of Lebanon’s National News Agency (NAA) Laure Suleiman stressed the importance of the Federation of Arab News Agencies (FANA) conference, describing such meetings as an opportunity to coordinate work among the Arab news agencies. Such

Search for terror blast in Bahrain hurts seven policemen

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The Chief of Public Security Major-General Tariq Al Hassan confirmed a terror explosion in Al Ekar village at 7:17 PM on Monday that targeted the safety of policemen who were on duty at the entrance of the village that witnesses [...]

BDF C-in-C holds talks with Pakistani Defence delegation

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The BDF Commander-in-Chief Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa met with a Pakistani delegation comprising a number of officers from the Pakistan Defense College who are currently visiting the Kingdom of Bahrain. The Commander-in-Chief welcomed the Pakistani delegation [...]

Detainees get medical facilities of Intl standards

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Interior Ministry Inspector General Brigadier Ibrahim Habib Al-Ghaith affirmed on Monday that Abdulhadi Al Khawaja is in good health but that he had been transferred from the Public Security Clinic to the Bahrain Defence Force Hospital because the latter is [...]

HRH Prince Salman holds talks with HRH Premier Prince Khalifa

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Deputy of HM the King Crown Prince His Royal Highness Prince Salman bin Hamad Al Khalifa received at his weekly Majlis at Riffa Palace senior members of the ruling family, dignitaries, ministers, members of the Shura and Representatives Councils, municipal [...]

eGov strategy 2016 heralds a new era for ICT

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Chief Executive of the eGovernment Authority said that the new strategy for the years 2012-2016 aims to achieve excellence in the future generation of government services, encourage innovation and effective participation with the community and boost entrepreneurship. He said in [...]

International delegates praise Bahrain’s ICT excellence

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International delegates currently taking part in the Bahrain International eGovernment Forum 2012, being held from April 9 to 11th, praised Bahrain’s eGovernment efforts in developing its services provided to the country’s citizens and residence; as well as its keenness in [...]

Bahrain IT Expo generates great interest

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The activities of Bahrain IT Expo 2012 being held the Ritz-Carlton Hotel Al Ghazal Ballroom with participation of over 50 exhibitors from public and private sectors, and will continue for till Wednesday 11th of April 2012. The IT Expo 2012 [...]

Delegates attend ‘Cyber Law, Social Media workshops

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The first batch of the Bahrain International eGovernment Forum workshops were commenced on Monday, starting with the eGovernment Authority’s workshop ‘Cyber Law and Public Private Partnership’ as well as the ‘Social Media Hands-On’ workshop organized by Bahrain’s Social Media Club. [...]

Bone scanning sessions at Lulu Riffa

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Anlene is urging women across Bahrain to take control of their bone health and attend one of its free bones scanning sessions taking place daily until Sunday 15 April in Lulu Hypermarket-Riffa, Bahrain. The free service is being offered from [...]

Bahrain to host 4th annual Food and Hospitality Expo

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Under the patronage of His Royal Highness Prince Khalifa bin Salman Al-Khalifa, Prime Minister of the Kingdom of Bahrain with mass support from His Excellency Dr. Hassan Abdulla Fakhro, Minister of Industry and Commerce, the Bahrain Exhibition and Convention Authority [...]

Bahrain eyes next generation excellence in ICT

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Building on the solid foundations of the previous period (2007-2010), the new eGovernment strategy aspires to achieve next generation government excellence by delivering high-quality services effectively, besides encouraging innovation, advocating proactive public engagement, nurturing entrepreneurship and collaborating with all stakeholders, [...]

Foreign investments don’t fly out of UAE

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Despite a recession the investments remained in the country, showing the confidence of investors in the UAE economy, an expert said. The start of 2012 has seen an emergence of a relatively positive economic outlook for the future of Dubai [...]

Air Arabia shareholders approves 6% dividend

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The shareholders of Air Arabia during the Annual General Meeting (AGM) on Tuesday approved the distribution of a six per cent cash dividend was approved. During the AGM, the assembly approved the report of the company’s auditors for the financial [...]

Sahara Force Team arrives for F1 Bahrain

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In 1991, the entrepreneurial ex-racer turned junior race team boss Eddie Jordan pulled together a dedicated little team and built a fabulous Formula One car with a mix of charisma and blarney. He inadvertently launched the career of Michael Schumacher, [...]

LaSalle advises on a major realty deal at DIFC

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Jones Lang LaSalle, the world’s leading real estate investment and advisory firm today announced that it has advised the seller on the successful disposition of a large prime commercial asset located within Dubai International Financial Centre in Dubai, UAE. Building [...]

GFH signs MoU with a consortium of banks

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Royal Ranches Marrakech (RRM), and Bahrain-based Gulf Finance House (GFH), signed a memorandum of understanding (MOU) with the consortium of banks led by Banque Marocaine de Commerce Exteriur (BMCE) to receive the second tranche of an existing facility to resume [...]

Zain Bahrain supports ICT awareness at eGov Forum

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Zain Bahrain, one of the platinum sponsors of the Bahrain International e-Government Forum 2012 participated as exhibitor at the event which was held at The Ritz Carlton. The forum was conducted under the patronage of Shaikh Mohamed bin Mubarak Al [...]

Takaful Industry to reach $25b by 2015

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In the backdrop of the projected growth of takaful industry of reaching $25b by 2015, the Takaful industry has witnessed significant internationalization in the last decade with the industry rapidly expanding its footprint beyond the traditional high-growth markets of the GCC [...]

Bahrain is safe to host F1 Grand Prix: British Cop

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John Yates, former assistant commissioner in the London Metropolitan Police Service, and current adviser to Bahrain’s police on Tuesday said that 95% Bahrain is safe and the Government already assured maintaining secure environment during F1 Grand Prix 2012 kicks off [...]

AWRIS distributes $123m as dividend since inception

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The Bahrain Based Arab War Risks Insurance Syndicate (AWRIS) on Tuesday said that it had distributed $123million as a dividend to its shareholders since the inception of the company. He was speaking after the launch of AWARIS new offices opened [...]

Bahrain’s King attends official banquet in Tokyo

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His Majesty King Hamad bin Isa Al Khalifa attended here a dinner banquet hosted by the Japanese Prime Minister Yoshihiko Noda in his honour. HM the King exchanged cordial talks with the Japanese Prime Minister and senior officials on the [...]

Bahrain’s King holds talks with Japanese Premier

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His Majesty King Hamad bin Isa Al Khalifa and the Japanese Prime Minister Yoshihiko Noda held official talks, in the presence of the two countries’ delegations. On arrival at the headquarters of the Japanese Cabinet, HM the King was welcomed [...]

HM King rules out one-party rule in Bahrain

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His Majesty King Hamad bin Isa Al-Khalifa reaffirmed his desire to build a Bahraini society free from any unilateral domination. He pointed out his efforts to promote democracy ever since he launched the reform project, citing the final report of [...]

MOFA briefs Diplomatic Corps on Bahrain blast

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Ministry of Foreign Affairs (MOFA) Undersecretary Ambassador Abdullah Abdulatif Abdullah met with ambassadors from Arab and foreign countries. The undersecretary briefed the ambassadors on the latest developments in the Kingdom of Bahrain and the terrorist explosion that occurred on Monday [...]

No security fears among F1 teams about Bahrain GP

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Bernie Ecclestone said that Formula 1 teams have not shown any security worries regarding Bahrain F1 competition, which is organized for 20-22 April 2012. He added that there are no signs to abandon this year’s race would be held as [...]

Police arrests 11 for ransacking a store

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Eleven suspects, in the case of vandalizing a 24-hrs market in Riffa, were arrested, revealed by the Chief of Public Security Major General Tariq Al Hassan. Major General Al Hassan said that on Tuesday police forces were able to arrest [...]

Bahraini students display a Smart Robot at IT Expo 2012

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In line with Bahrain IT Expo 2012, the Bahraini team, consisting of seven male and female students from Creativity Private School, displayed Smart Robot project which they have created based on an ultra sound censor technique. The project attracted expo [...]

eGov Forum 2012 concludes on a high note

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With the closure of the Bahrain International eGovernment Forum 2012, being under the patronage of His Highness Shaikh Mohammed bin Mubarak Al Khalifa, Deputy Prime Minister, Chairman of the Supreme Committee for Information and Communication Technology (SCICT); IT enthusiasts, experts, [...]

Real estate transactions volume to reach $400b

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Despite the continuing economic uncertainty, the 2012 transactional volumes are likely to be at $400 billion, according to Jones Lang LaSalle Capital Markets Research. Preliminary direct commercial property transaction volume figures released on Wednesday by Jones Lang LaSalle Capital Markets [...]

Williams F1 team carries high hopes at Bahrain GP

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It scarcely seems credible that these words belong in the same sentence, but in 2011, Williams scored just five world championship points. As a result of this nadir, some 15 years after it last achieved a world championship title, an [...]

Deputy Premier opens 19th Al Ayam Festival

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Deputy Premier, His Highness, Shaikh Mohammed bin Mubarak Al Khalifa, inaugurated the 19th Al-Ayam Cultural Festival organized by Al-Ayam Publishing Corporation at the Bahrain International Exhibition and Convention Center in the presence of the Spea

SMC MENA Chapter on the way

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A social media club for the Middle East and North Africa (MENA) is set to open its doors. This was announced by the SMC Bahrain Chapter President Ali Sabkar. Educational, training and consultancy programmes will be available for over 48 [...]

Dr Mirza opens 220KV Power Plant

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Minister of State for Electricity and Water Affairs, Dr. Abdulhussein bin Ali Mirza, has launched one of the key power plants with 220 KV capacity constructed in order to serve various investment and development projects in the southern region, in [.

Bahrain denies Americans’ role in Al Eker blast

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Bahrain tonight denied arresting two US residents along with the saboteurs and thugs accused of plotting the terror blast which targeted policemen at Al-Ekar Village. It issued a statement refuting baseless allegations posted on social media sites and on media [...]

Bahrain issues advisory to its citizens in US, Mexico

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The Ministry of Foreign Affairs has advised all citizens who are located in the Gulf of California, both in the US or Mexican coastlines which were hit by a series of earthquakes, to exercise caution and follow safety instructions issued [...]

Interior Minister holds talks with Tim Figures

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Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa received Head of Aviation Security of the Aviation Directorate of the UK Department of Transport Tim Figures and reviewed cooperation, especially exchanging expertise between the two friendly countries. Issues of mutual [...]

GCC Permanent Rep in Geneva condemns blast in Bahrain

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Geneva-based GCC Permanent Representatives strongly condemned at the terror bomb blast which injured policemen whilst on duty last Monday at Al-Ekar village. They addressed a joint letter in this regard to the UN Human Rights High Commission and the UN [...]

Etihad Airways seals agreement with Kanoo Travel

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Etihad Airways, the national airline of the United Arab Emirates, has signed a strategic partnership with Kanoo Travel to open four joint retail locations in Dubai. The new partnership will allow Etihad Airways to better serve the needs of travellers [...]

Loud bang at Exhibition Ave causes panic

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A loud sound heard in an open ground. On examination 2 cars were found with minor damage. Investigation launched, according to the Ministry of Interior message on Twitter. The eye witnesses confirmed that total three cars parked in an open [...]

HM King Hamad visits Japanese Parliament

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HM King Hamad bin Isa Al Khalifa paid a visit to the Japanese Parliament where he was welcomed by Japanese Parliament Speaker Takahiro Yokomichi. HM the King held a meeting with Japanese Parliament Speaker and his deputy and affirmed Bahrain’s [...]

Bahrain F1 Grand Prix should go ahead: Bernie Ecclestone

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President and CEO of Formula One Management and Formula One Administration, Bernie Ecclestone insisted that the much debated Bahrain Grand Prix will go ahead, as the issue overshadowed the lead-up to the Shanghai race. Bernie said that the race is [...]

Italy condemns bombing incident in Bahrain

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The Italian Government on Thursday condemned the bombing incident of Al Eker which left seven security personnel injured four of them seriously. “Italy strongly condemned the bomb attack in Bahrain or doesn’t condone any act of violence for that matter,” [...]

Arab countries face security, safety and economic challenges

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Despite the developmental achievement attained by the Arab counties during the past period, the Arab world is still facing regional and international challenges affecting the security, safety and economies of its nations, the Union of Arab Banks (UAB) in a [...]

Naheed Asghar Ali passes away

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Ms Naheed Asghar Ali, wife of prominent businessman and a leading community leader Chaudhary Mohammad Akram, passed away on Friday. Few months back, she was diagnosed with a cancer and since then she had been receiving treatment in Bahrain and [...]

BIC welcomes FIA statement

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Bahrain International Circuit (BIC) welcomed the statement which the FIA has issued regarding next week’s Gulf Air Bahrain Grand Prix, together with the clarification provided by the Commercial Rights Holder, following recent media speculations. BIC has been clear throughout recent [...]

Bahrain’s King arrives in Bangkok for talks

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His Majesty King Hamad bin Isa Al Khalifa arrived in Bangkok on a visit to Thailand during which he will meet Crown Prince Maha Vajiralongkorn and Prime Minister Yingluck Shinawatra to discuss solid ties of friendship binding both countries, regional [...]

HM King Hamad wraps up Japanese visit

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His Majesty King Hamad bin Isa Al Khalifa left Tokyo International Airport (Haneda) wrapping up an official visit to Japan at an invitation from Japan’s Emperor Akihito. HM the King held discussions with the Emperor of Japan on strong bilateral [...]

Bahrain F1 Grand Prix will go ahead: FIA

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The Bahrain Formula One will go ahead as scheduled, it was confirmed by the FIA. In a statement issued on Friday, the governing International Automobile Federation (FIA) said that it was “satisfied that all the proper security measures are in [...]

StanChart takes center stage at BME Awards

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Standard Chartered said that its SME Banking Business was recognised as the ‘Best SME Internet Banking provider and Best SME Foreign Exchange Service Provider’ for 2012 by Banker Middle East, a leading regional banking and finance publication. The Bank received [...]

GP2 series offer non-stop thrill at BIC

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Bahrain’s motorsport fans will be able to enjoy twice the action in the GP2 Series this month at Bahrain International Circuit (BIC) in Sakhir. Back-to-back rounds in GP2’s 2012 championship will be held at “The Home of Motorsport in the [...]

High demand of tickets for F1 Grand Prix

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Tickets to this year’s Formula One Gulf Air Bahrain Grand Prix continue to be in high demand. The countdown to the highly anticipated race weekend is in its final week, and Bahrain International Circuit (BIC) is now all geared up [...]

BBK hosts series of lectures at RUW

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BBK supported a series of lectures organized by the faculty of Business and Financial Sciences of the Royal University for Women. The series of lectures was divided into several sessions; BBK’s Chief Executive A. Karim Bucheery was the guest speaker, [...]

UN Secretary General condemns El Aker bomb blast

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The Secretary-General condemns the bomb attack which recently took place in the vicinity of the village of Eker, Bahrain, injuring several policemen. In a statement he also remained concerned by the excessive use of force against protestors which continues to [...]

KFH-B launches Libshara Savings Account

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KFH-Bahrain announced the launch of the Libshara Savings Account; an Islamic Shari’a compliant scheme that offers customers the chance to win 75 cash prizes every month plus one of two grand prize “luxury villas” “We are delighted to offer our [...]

Mercedes-AMG PETRONAS team eyes good results

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Mercedes-Benz is a grandee name in motor sport, with the first Mercedes having been built as a bespoke racing machine in 1901 that set a standard of success for future generations. Among the marque’s many achievements are Grand Prix victories [...]

Dr. Fakhro met with the President of Kinoshita Pearl

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Industry and Commerce Minister Dr. Hassan Fakhro met with the President of Kinoshita Pearl Akira Kinoshita on the sidelines of the official visit by His Majesty King Hamad bin Isa Al Khalifa to Japan. During the meeting which was held [...]

Dr. Fakhro meets with CEO of Toppan Forms

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Within the framework of the official visit of His Majesty King Hamad bin Isa Al Khalifa to Japan, Industry and Commerce Minister Dr. Hassan Fakhro met with President and CEO of Toppan Forms Shu Sakurai, Senior Managing Director Toshira Masuda [...]

Bahiraini Expo unveils in Tokyo

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Speaking at the launching of a Bahrain Exhibition in Tokyo which was held in conjunction with the Bahrain Japan Economic Forum, Dr. Hassan A. Fakhro, Minister of Industry of Commerce, Kingdom of Bahrain, expressed his pleasure at the general interest [...]

Dr Mirza receives ISO-9001:2008 QC

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Energy Minister Dr. Abdulhussain bin Ali Mirza received National Oil and Gas Authority (NOGA) Secretary-General and Head of NOGA Quality Committee Dr. Ahmed Ali- Al-Sharyan marking the renewal of ISO-9001:2008 Quality Certification for 2012. World leading certification agency Det Norske [...]

Bahrain’s King holds talks with Thai CP

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His Majesty King Hamad bin Isa Al Khalifa met in Sukutai Palace Thai Crown Prince, Prince Maha Vajiralongkorn, in the presence of his wife, and discussed with him strong and growing Bahraini-Thai relations in various areas. HM the King expressed [...]

Govt remains committed to serve citizens

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, who visited Muharraq where he was received with cheers of love and loyalty, assured his keenness to keep in touch with citizens, reach out to their needs and follow-up [...]

Batelco blocks SMS code misused by a TV Channel

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Batelco announced that the Company had immediately blocked a premium SMS Code for sending text messages, which was being used improperly by a TV channel, without Batelco’s consent. Following a brief investigation today it was discovered that the premium SMS [...]

Ban Ki-moon meets with Kofi Annan

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The UN Secretary-General Ban Ki-moon met with the Joint Special Envoy of the United Nations and the League of Arab States for Syria, Kofi Annan, on Saturday evening in Geneva, Switzerland. They had an in-depth exchange of views based on [...]

Bahrain-Japan discusses co-operation in labour sector

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Foreign Affairs Ministry’s Undersecretary Abdulla Abdullatif Abdulla, currently on a visit to Japan, met here with the Health, Labour and Welfare Assistant Minister for International Affairs, Yoshihiro Senoo, and Keidanren (Japan Business Federatio

Police arrests four terrorists

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The Interior Ministry confirmed that it had arrested four terrorists and seized the weapons they had allegedly used on Friday evening in firing at the security officers in Karzakan, adding that search for the rest is continuing. Public Security Chief

Bahrain-Japan explores ways to bolster ties

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Foreign Affairs Ministry’s Undersecretary Abdulla Abdullatif Abdulla, held meetings during a visit to Japan with Vice-Minister for Foreign Affairs, Chikao Kawai, Economy, Trade and Industry Vice-Minister for International Affairs, Nobuhiko Sasaki,

Syria’s Assad may lose power to Opposition in 2013

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Syrian President Bashar Al Assad will lose power to the opposition who will rebuild the country with significant international support, according to Wikistrat and the Diplomatic Courier latest report. Wikistrat and the Diplomatic Courier made public

BDF Commander in Chief attends joint Air Force Exercise

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The BDF Commander-in-Chief Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa attended this morning part of the activities of the Joint Basic Liaison Drill 2012 implemented by the Bahrain Royal Air force with participation from a number of air forces [...]

BCCI Committee on National Unity meets

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The National Unity Initiative’s work team confirmed the importance of working for unity and nation-building, stressing the importance of fostering the spirit of brotherhood among different components of the Bahraini community. This came at the team’s second meeting held lately [...]

Solidarity opens Insurance Services Centre in Seef

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Solidarity General Takaful Company, a subsidiary of one of the largest Takaful Group’s in the world, Solidarity Group Holding, has inaugurated its new main Insurance Services Centre in Seef District. The Insurance Services Center was inaugurated by Abdul Rahman Al-Baker, [...]

KFH-B becomes the 1st to get ISO 27001 Certification

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Kuwait Finance House–Bahrain (KFH-B) Data Centre has been awarded the information security certification ISO 27001, following a stringent audit by an international certification body. It is the first Islamic bank in the Kingdom to achieve this milestone. The ISO certificate [...]

BMI Bank launches eStatement service

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BMI Bank launched of a new eStatement service for its customers providing them added value, anywhere/anytime convenience and a higher level of security through a password protected file that is sent to them via a secure email. The service, available [...]

F1 Grand Prix in Bahrain is stamp of confidence: Cabinet

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The Cabinet welcomed the decision of the FIA for hosting the Formula One Grand Prix Championship in the Kingdom of Bahrain, which according to Cabinet, reflects confidence in the atmospheres of security and stability which qualify the Kingdom of Bahrain [...]

His Majesty King Hamad holds talks with Thai Premier

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His Majesty King Hamad bin Isa Al Khalifa received at his residence in the Thai capital Bangkok Thai Prime Minister Yingluck Shinawatra. HM the King welcomed the upcoming visit of the Thai premier to Bahrain, accompanied by a high profile [...]

GCC FMs to discuss Iranian President’s visit to Abu Musa

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The 39th GCC Foreign Ministers meeting in Doha on Tuesday will discuss and take a united stance on the provocative visit by the Iranian President Mahmoud Ahmadinejad last Wednesday to the Emirati Island Abu Musa, which had been occupied by [...]

BBK’s net profit reaches BD12m in Q1

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BBK Bank reported net profit of BD12 million in for the 1st quarter of 2012, with a growth of 3% compared to BD 11.7 million for the same period of last year. The Bank’s Board of Directors in its meeting [...]

Middle East debt issuance doubles to $11b in Q1

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Debt issuance nearly doubled to $11 billion and M&A reached $4.9 billion, whilst equity capital market issuances and banking fees fell to almost $1 billion and $91 million respectively,” according to Thomson Reuters Q1 2012 regional investment banking review. Thomson [...]

ACHR to discuss Bahrain’s first report on human rights

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Bahrain will take part in the meeting of the Cairo-based Arab Commission for Human Rights (ACHR) which will review and discuss the Kingdom’s first report on its implementation of the provisions of the Arab Charter of Human Rights. Human Rights [...

Authorities detain protesters, hunt continues for law offenders

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The General Director of the Northern Governorate Police reports that a large group of rioters created chaos on Saturday evening by blocking roads, knocking down lampposts, throwing stones and iron bars and pouring oil on the roads in Budaiya. A [...]

Silah to train, employ 100 Bahrainis

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Tamkeen signed an agreement with Silah Gulf (Silah) to train and employ 100 Bahraini secondary school and university graduates in the company. The agreement is part of Tamkeen’s Employment Support scheme, which helps private sector companies identify their employment requirements [...]

Gulf Air signs code-share with Safi Airways

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Gulf Air, the national carrier of the Kingdom of Bahrain, has signed a code-share agreement with Afghanistan’s international carrier Safi Airways on its Kabul–Bahrain route as of 23rd April 2012. Under the code-share agreement signed recently, both airlines will be [...]

Key players discuss challenges face by Takaful

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More than 350 key players and thought leaders in the global Takaful industry attended the opening ceremony of the two day of the 7th Annual World Takaful Conference (WTC 2012). “The Shari-ah compliant insurance industry has witnessed significant internationalization in [...]

Joint Air Force excercise wins praise

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Basic Liaison Drill 2012 (BLD 2012) is currently carried out by Bahrain Defense Force (BDF) and represented by the Bahraini Royal Air Force (BRAF) and continuing until April 18, enjoys a wide participation of sisterly and friendly States, who have [...]

Air Chief rules out speculations about joint exercise

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Bahrain Royal Air Force (BRAF) Commander ruled out sending political or military notices to any party through holding the Basic Liaison Drill 2012 (BLD 2012) in Bahrain. BRAF Commander told Al-Ayam newspaper that the participation of countries from outside of [...]

Govt offers over 100,000 housing units: HRH Premier

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The Government has provided over 100,000 housing services, including housing units, loans and flats, in the past four decades, emphasizing that the BD3billion-projects reflect the government’s strong resolve to ensure the Bahraini citizens better living and stable family conditions. This [...]

Foreign Minister holds talks with Richard N. Haass

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Minister of Foreign Affairs Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa received met with the US Council the US Council on Foreign Relations Chairman Richard N. Haass at the Ministry’s premises. The council is a non-partisan organization. During the [...]

Two terrorists enter Bahrain embassy in London

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Bahrain’s Foreign Ministry on Monday announced that two terrorists had climbed onto the roof of the London-based Bahrain embassy from a neighbouring building at 1.30 pm (London Time). The Embassy informed the British Foreign Office, asking speedy measures to be [...]

Saudi Arabia tops the ladder with 188% mobile penetration

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Saudi Arabia occupied the first rank among the countries with the highest proportion of mobile phone users in the world with a ratio of 188%, followed by Vietnam and Oman in the second and third places respectively, according to a [...]

Zain and Viva vie for TMT Finance Middle East 2012 Awards

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The Telecom Deal of the Year short list for the TMT Finance Middle East 2012 Awards have been announced highlighting over $10billion of successful merger and financing activity by the region’s leading telecom operators over the past year. Saudi Telecom [...]

BJA condemns attacks on press photographers

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Bahrain Journalists Association (BJA) has voiced its deep concerns over repeated attacks targeting press photographers. In a statement it condemned the heinous aggression perpetrated by rioters and saboteurs on the photographer of the Information Aff

National dialogue continues despite spate of fatal violence

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The Lower House Speaker, Khalifa bin Ahmed Al Dhahrani condemned the acts of violence and chaos that targeted disrupting security and stability. Al Dhahrani stressed that these actions were also aimed at affecting citizens and the country’s int

Upper House condemns violence in Bahrain

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The Shura council showed its great concern over the regretful incidents that occurred during the past two days in country that led to the loss of lives both from the security forces and citizens. It also extended its condolences to [...]

HM King’s call for national dialogue backs by Arab Parliament

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The Arab Parliament paid tribute to His Majesty King Hamad bin Isa Al-Khalifa for his call to resume the national dialogue and tackle pending political issues. “HM King Hamad’s wisdom in dealing with recent events has been acknowledged re

Bahrain-Malaysia reviews economic, investment ties

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HRH Premier’s Court Chief Shaikh Husam bin Isa Al-Khalifa received Malaysian Embassy Charge d’ Affaires Mohammed Shah Hafiz and discussed means of bolstering bilateral cooperation. Shaikh Husam hailed steadily-growing relations in all fie

Minister makes surprise visits to markets

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Industry and Commerce Minister Dr. Hassan Fakhro visited Waitrose Supermarket and Al Osra Supermarket in Amwaj and Movenpic Hotel. During his visit to Waitrose Supermarket in Amwaj, Naithen briefed the minister the availability of different materials

Dr. Fakhro lauds female employees at Bahrain Women Day

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Dr. Hassan Fakhro, Industry and Commerce Minister, honored a number of outstanding female employees representing all departments. The ceremony was in line with Kingdom’s celebrations of Bahrain Women day. During the ceremony Dr. Hassan Fakhro distr

Pakistan community adds new colour to Bahrain National Day

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Over 500 Pakistan community members and Bahraini guests attended a colourful ceremony held at the Pakistan Club premises marking the 41st National Day and the His Majesty King Hamad bin Isa Al Khalifa’s 13th anniversary of Accession to Throne. The

Holiday Factory enters Saudi travel and tourism market

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Holiday Factory, the first real package tour operator in the GCC has launched in KSA and promises to offer exciting and incredibly affordable holiday package deals for Saudi residents. After successful establishment in the UAE market, the company now

Fitch affirms Industrial Bank of Kuwait at A+

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Fitch Ratings has affirmed Industrial Bank of Kuwait’s (IBK)’s long-term issuer default rating (IDR) at A+ with a stable outlook. IBK’s IDRs, Support Rating and Support Rating Floor reflect Fitch’s view of the extremely high p

Dr Fakhro honours long serving employees

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In an atmosphere of friendship and fraternal interdependence of social, the Ministry of Industry and Commerce honored the employees who have completed thirty, twenty and ten years under the patronage of Dr. Hassan Fakhro, Minister of Industry and Com

Samsung brings Smart TVs to Bahrain

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The future of Smart TV is here – Samsung Gulf Electronics, a market leader in consumer electronics, launched the 2012 Samsung Smart TV lineup in Bahrain. The new Smart TV lineup is set to redefine the way in which consumers [...]

Dr Mirza patronises the event on the risk management

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Under the auspices of Minister of Energy Dr. Abdul Hussain bin Ali Mirza, the Kingdom of Bahrain’s National Oil and Gas (NOGA) Holding Company conducts a specialized training program under the title “Awareness on Risk Management and Sustainability of Business [...]

F1 teams and drivers start arriving in Bahrain

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Formula 1 drivers and team members have begun arriving in the Kingdom ahead of this weekend’s Gulf Air Bahrain Grand Prix. Sauber ace Sergio Perez and Williams Talent Bruno Senna were the first two Formula One drivers to touch down [...]

Bahrain Grand Prix is a sign of pride for all Bahrain

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His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, who visited the Bahrain International Circuit (BIC) and inspected ongoing preparations ahead of the Bahrain International Grand Prix, said that F1 Grand Prix was a [...]

Gulf Air brings F1 cargo for Bahrain Grand Prix

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Gulf Air, the national carrier of the Kingdom of Bahrain and the title sponsor of the Bahrain Grand Prix races since its inception 2004, will be transporting over 15000 kgs of cargo material that are required by the F1 teams [...]

Bahrain’s 4th annual Food & Hospitality Expo 2012 opens

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His Royal Highness Prince Khalifa bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain delegated Industry and Commerce Minister Chairman of the Board of Directors of Bahrain Convention and Exhibition Center Dr. Hassan Fakhro to open the 4th [...]

Reuters launches new model to assess credit risk

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Thomson Reuters, the world’s leading supplier of intelligent information for businesses and professionals, today announced that it has introduced the StarMine SmartRatios Credit Risk Model to assess the credit risk of publicly traded companies. The SmartRatios model is an intuitive [...]

Tenmou plans 1st MENA Angel Investors Conference

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Tenmou, Bahrain’s first business angel company is hosting the first MENA Angel Investors Conference at The Ritz- Carlton Hotel on 19th April 2012. The conference will focus on an exchange of experiences in seed and early stage investments between the [...]

JP Morgan honours KFH-B with Quality Certificate

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Kuwait Finance House–Bahrain (KFH-B) was awarded the J.P. Morgan ‘Outstanding Payments Quality Certificate 2011’, in recognition of its superior high-quality performance and commitment to quality achieved by the Bank in the area of fund transfer. J.P. Morgan Chase awards the [...]

bni announces winners of F1 tickets winners

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In line with bni’s commitment to its customers, Bahrain National Insurance (bni), a wholly owned subsidiary of Bahrain National Holding Company (BNH), announced the winners of its ‘Insure & Win’ raffle draw campaign. The raffle was held on April 16th, [...]

HRH Premier orders private jet, medical team for crash victims

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His Royal Highness, Prime Minister Prince Khalifa bin Salman Al-Khalifa, directed concerned authorities to dispatch a private plane and a qualified medical team from the health ministry to fly home citizens whose bus was involved in a fatal accident

Three Bahraini killed, over 50 injured in bus crash in Saudi

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Three Bahraini girls were killed and around fifty other pilgrims were injured in a fatal accident involving their bus near the Madinah City in Saudi Arabia. Bahrain Ambassador to Saudi Arabia Shaikh Humood bin Abdulla Al-Khalifa said that the Saudi [

Advanced Global Trading – Reducing carbon footprint: an easy 10 steps recipe

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Advanced Global Trading: With the global warming poses a major challenge to the dwellers of the planet, the question of how to reduce the carbon footprint in 2013 becomes more relevant than ever. Charles Stephenson CEO of Dubai-headquartered global i

Fitch affirms QNB at A+ upon acquisition announcement

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Fitch Ratings has affirmed Qatar National Bank’s (QNB) long-term issuer default rating (IDR) at A’ with a stable outlook and viability rating (VR) at ‘a’, following its agreement to acquire a 77.17% stake in National Societe G

Saudi banks can spur lending in 2012: Fitch

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Saudi Arabian banks have plenty of scope to fund loan growth in 2012 as the sector relaxes the cautious approach to lending that has dominated in the last few years, according to Fitch Ratings Rising deposits and several years of [...]

Global Finance Industry on the brink of reinvention

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For the first time since the 1930’s, the global finance services industry is on the edge of reinvention, according to a Deloitte report entitled ‘Evolving in response to global re-regulation’. With numerous global regulations surfacing, such as International Financial Reporting [...]

Works Minister unveils blue print of development

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Essam bin Abdulla Khalaf, Bahrain’s Minister of Works, revealed details of upgrades to Bahrain’s roads and infrastructure at a lunch meeting of the Bahrain British Business Forum (BBBF) at the Diplomat Radisson Blu Hotel in Manama. The Minister outlined his [...]

Ayadi $60,000 jackpot wins by a Bahraini housewife

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BMI Bank announced three lucky winners in Ayadi’s April monthly prize draw of $70,000. The first prize winner of $ 60,000 was Maha Al Hajraf while the two other monthly winners, Rabab Mohammed and Alemash Daredia were awarded $5,000 cash [...]

Batelco, Qtel inks agreement

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Following the successful partnership agreement signed between Batelco and Qtel both sides have concluded a memorandum of understanding (MoU). This MoU complements the previous partnership agreement and is in line with Batelco’s ambitious strategy that aims to extend the company’s [...]

BBK offers mortgage financing for Jeyoun project

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BBK signed an agreement with ALARGAN Bahrain to provide mortgage finance to ease the process of payments for clients interested in purchasing property in ALARGAN Bahrain’s latest real estate project, Jeyoun. The project’s units were first introduced for sale in [...]

Banks restrict ATM cash withdrawal to BD200 during F1

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Banks in Bahrain have restricted the amount to BD 200 for one time cash withdrawal through ATMs per day as part of pre cautionary measures and to be more vigilant during the F1 Grand Prix season. “The withdrawal restriction goes [...]

Bahrain F1 Grand Prix 2012 takes off on Friday

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The stage is set for the 2012 Formula One Gulf Air Bahrain Grand Prix, taking place this weekend at Bahrain International Circuit (BIC) in Sakhir. Drivers, team personnel, officials and fans continued to fly into the kingdom Wednesday ahead of [...]

Yuvi to attend Bahrain F1 Grand Prix

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Celebrated cricketer and the Man of the Tournament in Cricket’s World Cup 2011 Yuvraj Singh will be in Bahrain to attend the F1 Grand Prix starting on April 20th. Singh, who recently came back from the USA after getting the [...]

‘Security’ a non-issue for Bahrain F1 Grand Prix: Chairman

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With all security measures are in place, the Kingdom of Bahrain’s 8th Grand Prix will kick off on 20th April with an expected turnout of 80,000 plus this year. The Chairman of the Bahrain International Circuit Zayed Al Zayani told [...]

Batelco to sponsor MEET ICT 2012

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Batelco, the Kingdom’s leading Business Communications Solutions provider has announced its Diamond Sponsorship for MEET ICT 2012 which will be held at the Bahrain International Exhibition Centre (BIEC) from December 10 to 12, 2012. MEET ICT 2012,

IFIs sustain growth despite global economic upheaval

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Despite the challenging global economic environment, leading Islamic financial institutions have been able to sustain their growth ambitions, according to an expert. “The industry, with its increasingly international footprint, continues to demonst

KFH-B deploys advanced ETHIX core solution

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Kuwait Finance House–Bahrain (KFH-B) signed an agreement with International Turnkey Systems (ITS) Group to deploy ETHIX Core Solution for Islamic Banking which will contribute towards maintaining the Bank’s leadership position in the banking indu

Solidarity opens largest Insurance Centre in Muharraq

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Solidarity General Takaful, a subsidiary of one of the largest Takaful groups in the world, Solidarity Group Holding, has opened its largest Insurance Services Centre in Muharraq. The Insurance Services Center was inaugurated by Abdul Rahman Al-Baker

All is set to host WCIT 2012 in UAE next month

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The UAE, through the Telecommunications Regulatory Authority (TRA) of the UAE, will be hosting for the first time in the Middle East the World Conference on International Telecommunications (WCIT), taking place from 3-14 December 2012 at the Dubai Wo

American Airlines announces Lima, Peru and Seoul flights

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American Airlines will begin new daily international service from Dallas/Fort Worth (DFW) International Airport to Lima, Peru and to Seoul, South Korea, starting in the spring of 2013. American will serve Incheon International Airport in Seoul with B

Israel, Palestine must adhere to 2-states principle: UN SG

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Palestine and Israel must adhere to the agreement and at the same time, the underlying issues must be addressed by both parties through negotiations, according to the Secretary General of the United Nations. In his remarks at inauguration ceremony of

Solidarity Day with Palestine People on 29th

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In line with the United Nations declaration of 29 November of each year as the International Day of Solidarity with the Palestinian People, the Embassy of the State of Palestine with the support of the UN Country Team (UNCT) and [...]

A bomb planted in garbage bin explodes in Manama

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A home-made bomb planted in a garbage bin today exploded in Adliya, The Interior Ministry announced on its twitter account. However, no casualties were reported following the minor blast. The security authorities rushed to the scene of the explosion

F1 Gulf Air Grand Prix weekend begins

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The long wait is over; the region’s biggest sporting and social spectacle is finally here! The 2012 Formula One Gulf Air Bahrain Grand Prix flags off Friday (April 20) with tens of thousands of fans expected to flock to Bahrain [...]

Force India was not targeted by rioters: IAA

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On Wednesday evening, four members of the Force India team were traveling between the Bahrain International Circuit and Manama, according to Information Affairs Authority (IAA) statement. They drove through an isolated incident involving a handful of illegal protestors acting violently [...]

Thugs arrest not related to F1 Grand Prix: Police Chief

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Reacting to reports by some news agencies about arrests before the hosting of Formula One Grand Prix, Chief of Public Security Major-General Tariq Al Hassan said on Thursday that as part of the police duty to enforce the law, a [...]

Imam-e-Ka’aba Dr Al-Sudais pays tribute to HM King Hamad

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Makkah Grand Mosque Imam, and Khatib, Dr Sheikh Abdul Rahman Al-Sudais, paid tribute to His Majesty King Hamad bin Isa Al-Khalifa for his pioneering role to stave off seditions and dangers as well as his dedication to serve Islam and [...]

Prince Salman holds talks with Commander CENTCOM

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His Royal Highness, Prince Salman bin Hamad Al-Khalifa, Crown Prince and Deputy Supreme Commander, met in Riffa Palace with General James N. Mattis, Commander of US Central Command (CENTCOM), who is in Bahrain as a member of the US delegation [...]

Reforms elevates Kingdom’s status globally

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HRH the Prime Minister lauded Bahrain’s reform steps as well as political, economic and social achievements in the prosperous era of HM the King, which have boosted the Kingdom’s status at the regional and international level. His Royal H

Foreign Minister attends Arab Peace Initiative talks

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Foreign Minister, Shaikh Khalid bin Ahmed bin Mohammed Al-Khalifa, took part in Doha in the ministerial meeting of the Arab Peace Initiative Committee, in the presence of Palestinian President Mahmoud Abbas, to follow-up regional developments as well

Bahrain guarantees freedom, human rights for everyone

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Human Rights Affairs Minister, Dr. Salah bin Ali bin Abdulrahman, said that the Human Rights Day was an annual opportunity for countries and governments to review their achievements and decisions in the field of human rights, adding that countries wh

Deputy PM reviews ties with Michael Posner

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Deputy Prime Minister, Shaikh Mohammed bin Mubarak Al Khalifa, held talks with US Assistant Secretary of State for Democracy, Human Rights and Labour Michael Posner, on the occasion of his visit to Bahrain to take part in the 8th IISS [...]

Bhoja Air crash claims 127 lives in Pakistan

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A passenger jet carrying 127 people on board has crashed into wheat fields near the Pakistani capital Islamabad as it tried to land in bad weather, according to the reports emerged from Islamabad on late afternoon Friday. The officials at [...]

Prince Salman says Bahrain’s F1 a “Force for Good”

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His Royal Highness Prince Salman bin Hamad Al Khalifa Crown Prince of Bahrain, who visited the Bahrain International Circuit (BIC) on Friday accompanied by Bernie Ecclestone Formula One Chief Executive, said that F1 Grand Prix 2012 is a ‘Force for [...]

F1 boss brush asides rumours about F1 team pullout

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Bernie Ecclestone, Formula One Chief Executive, said that the Bahrain Grand Prix kicks off on Friday as planned and with all teams participating, according to Information Affairs Authority, (IAA) statement. “I have no knowledge of any teams planning to withdraw [...]

Bahrain F1 Grand Prix kicks off amidst tight security

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Gulf Air F1 Grand Prix Bahrain kicked off on Friday amidst tight security measures put in place by the authorities in and around the Bahrain International Circuit (BIC) in Sakhir. The Government repeatedly said that there was no security issue [...]

Overwhelming majority backs Bahrain’s F1 Grand Prix

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Overwhelming majority of 85% of people living in Bahrain back the Gulf Air Bahrain Grand Prix, according to a survey conducted this week by Nielsen, an independent global provider of information and insights, on behalf of the Bahrain Economic Development [...]

Top consumer products companies sale reach $2.82t

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The top 250 consumer product companies generated combined sales of more than $2.82 trillion in 2010, a significant increase over 2009, when sales totalled $2.57 trillion. Emerging markets present highest growth opportunities for consumer products in 2012, according to the [...]

Prince Salman visits Bahrain International Circuit

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Prince Salman bin Hamad Al Khalifa, the Crown Prince of Bahrain on Friday visited the Bahrain International Circuit (BIC) accompanied by the Bernie Ecclestone, Formula One Chief Executive on the day one of F1 Grand Prix 2012. The Chairman of [...]

Bahrain’s ICT excellence wins praise at UN ICT meet

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In response to an invitation by the United Nations Organization, Mr. Mohammad Ali Al Qaed, the eGovernment Authority Chief Executive Officer participated in a high-level meeting held in Hong Kong, China; where participants discussed issues relating Information and Communication Technology [...]

HM King welcomes start of Grand Prix

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His Majesty King Hamad bin Isa Al Khalifa on Sunday welcomed the start to the Bahrain Grand Prix and confirmed his Government was committed to further reconciliation and reform in the kingdom. His Majesty will on Sunday attend the climax [...]

F1 is a landmark achievement for Bahrain: Prince Salman

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His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince and Deputy Supreme Commander, hailed guests and citizens for showing keenness on attending the Bahrain Grand Prix. “This race is a landmark achievement for Bahrain. Bahrainis have taken pride over [...]

Sebastian Vettel took Pole Position

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Twice World champion Sebastian Vettel took pole position for the first time this season on Saturday, edging out McLaren’s Lewis Hamilton at the Gulf Air Bahrain Grand Prix. The race will be held on Sunday April 22 at the Bahrain [...]

Bahraini authorities initiate inquiry into a homicide case

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The Ministry of Interior of the Government of Bahrain can confirm that the body of a man was found in the village of Shakhoura this morning at 8.10am on Saturday 21st April 2012, according to a statement issued by Information [...]

Vettel tops qualifying session at Bahrain F1 Grand Prix

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Sebastian Vettel of Germany from Red Bull Racing team on Saturday topped the qualifying session for the F1 Grand Prix 2012 being held at Bahrain International Circuit Al Sakhir: Picture by Sohail Ali. The other two toppers are Lewis Hamilton [...]

LMFAO concert at BIC cancelled

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The much-awaited concert and perhaps the one of the most attractive features for the youngsters and families to enjoy during the Bahrain F1 Grand Prix 2012 has been cancelled, according to a statement issued by the Bahrain International Circuit on [...]

Mercedes’ Nico tops the ladder in third practice session

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Mark Webber at third place in 3rd Practice on Saturday: Picture Sohail Ali Mercedes’ Nico Rosberg won the third practice session at the Bahrain International Circuit (BIC) on Saturday with the best lap time of 1:33:254 ahead of qualifying round [...]

Bahrain Grand Prix is one of the best: F1 teams reps

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The team representatives of Force India, Ferrari, Lotus, McLaren, Mercedes and Red Bull told a press conference that Bahrain F1 Grand Prix is one the best organised races. Team representatives who addressed the Press conference include Bob FERNLEY (Force India), [...]

Labour Minister holds talks with Michael Posner

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Minister of Labour, and Chairman of the Labour Market Regulatory Authority, Jameel Bin Mohammed Ali Humaidan, held talks with Michael Posner Assistant Secretary of State for the Bureau of Democracy, Human Rights, and Labor During the meeting, both si

Saudi Arabia tops Islamic banking with $207b assets

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The Islamic banking industry in Saudi Arabia, with an estimated $207 billion of Islamic assets, has been ranked first in 2011. Malaysia ranked second with total assets of $106 billion in 2011 and UAE ranked third with total assets of [...]

Islamic banking needs transformation, new mindset

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With total assets reaching $1.8 trillion, the Islamic financial industry does not require change but it requires both a transformation and a new mindset, Rasheed M. Al-Maraj, Governor, Central Bank of Bahrain, told the global audience at the World Is

Alba selects Dubal DX+ for its Line 6

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Aluminium Bahrain (Alba) has selected Dubal DX+ technology to be used in the Line 6 bankable feasibility study. Alba has initiated the Bankable Feasibility Study to determine the viability of the sixth potline expansion project which is expected to a

Giedo had a storming sprint race in Bahrain: Caterham Racing

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Caterham Racing’s Giedo van der Garde had a storming sprint race today in Bahrain, working his way through the field from P23 on the grid up to ninth position at the chequered flag and only narrowly missing out on a [...]

Caterham F1 team finds Bahrain GP an interesting race

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Vitaly Petrov, car 21, chassis CT01-#2: “That was a really interesting race, particularly at the start when there was a lot of overtaking and it was good to be right in the middle of the early battles. We made some [...]

Bahrain race proves tough for Ferrari team

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Only eight points in the bag for Scuderia Ferrari come the end of the Bahrain Grand Prix, the fourth round of this year’s World Championship. For the first time this season, both F2012s finished in the top ten: seventh was [...]

F1 Village offers non-stop entertainment to thousands

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Those attending the 2012 Formula One Gulf Air Bahrain Grand Prix on Sunday enjoyed plenty of fun and excitement off of the race track in the F1 Village vending area. Loads of activities were on hand, and several of Formula [...]

Valsecchi, Azzam and Siedler claim victories in support races

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Davide Valsecchi and Ramez Azzam each claimed a superb double in their respective championships Sunday while Norbert Siedler was also triumphant. Valsecchi won a dramatic sprint race in the GP2 Series while Azzam captured race two in the WGA Supercars [...]

Bahrain hosts a successful Grand Prix: Chairman BIC

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Bahrain’s F1 Grand Prix was a resounding success, a top official at the Bahrain International Circuit said. “I would first of all like to congratulate Sebastian Vettel and the rest of the Red Bull team on an outstanding victory today [...]

ABC’s Q1 profit increases 13% to $54m

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Bahrain-based Arab Banking Corporation (ABC) reported consolidated group net profit, for the first quarter of 2012, of $54 million, 13% higher than the first quarter of last year. Operating revenues rose to $214 million, 9% growth over the first quarter [...]

GIB arranges SR500m sukuk for Ajil Cayman

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GIB Capital, acting as joint lead manager and joint book runner with Riyad Capital, has successfully closed Ajil Financial Services Company’s privately placed SR500 million Sukuk, issued via Ajil Cayman – a limited liability special-purpose company incorporated in the Cayman [...]

Vettel tops the ladder in 2012 FIA World Championship standings

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With a stunning win at the Bahrain F1 Grand Prix on Sunday at the Bahrain International Circuit at Sakhir, Red Bull’s Sebastian Vettel now at the top ladder of the 2012 FIA World Championship standings. Grand Prix motor racing thundered [...]

Bahrain’s ‘to be or not to be’ Grand Prix concludes

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Bahrain’s much controversial F1 Grand Prix 2012 final race is taking place at the Bahrain International Circuit Sakhir today, thanks to the vision of the FIA leadership and especially of Formula One Chief Executive Bernie Ecclestone who insisted to see [...]

ICD scoops WIBC Institutional Excellence Award 2012

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The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), Saudi Arabia has won the the WIBC Institutional Excellence Award 2012 at the Gala Dinner held at the [...]

Representatives of 45 countries to attend AIM in Dubai

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The regional leading emerging market economic forum AIM 2012, will take place in Dubai between 1-3 May at the Dubai International Convention and Exhibition Centre with 4000 participants from 45 countries. The list of countries includes 15 African countries, 11 [...]

Etisalat profit grew to Dh3.430b in Q1 of 2012

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Etisalat, the leading telecommunications group that delivers innovative solutions to help transform the communities in which it operates to accelerate social development and economic growth, today announced a Group profit of Dh3.430 billion and a net profit after government royalty [...]

Takaful Re hosts 4th Family Takaful Workshop

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Takaful Re, one of the leading Re-Takaful providers in the region, announced the finalization of its 4th Family Takaful Workshop. The workshop, which took place at Millennium Plaza Hotel, Dubai, tackled various topics including the Malaysian Experience in Family Takaful; [...]

BA didn’t get papers of people facing deportation

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British Airways on Monday said that it was unable to board three British facing deportation on Sunday evening at the Bahrain International Airport because the airline didn’t get the required papers. “We did not receive the correct paperwork from the [...]

AUB profit surges 6.6% in Q1 to $82.4m

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Bahrain-based Ahli United Bank (AUB) reported a net profit, attributable to its equity shareholders, of $82.4 million for the quarter ended 31 March 2012, a 6.6% increase over the same period in 2011 (Q1/2011: $77.3 million). The resultant Earnings per [...]

Information State Minister to represent media in Parliament

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Minister of State for Information Affairs Samira Rajab said that her appointment does not mean the return of the old Information Ministry, cancelled by His Majesty King Hamad bin Isa Al Khalifa in 2010. In a statement to London-based Al-Sharq [...]

Formation of GCC Police Force on the cards

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Representatives of GCC Ministries of Interior held a meeting this morning in Bahrain to study the establishment of a GCC police force. Chairman of the meeting Major-General Mohammed bin Saleh Al-Shehri gave a speech welcoming the attendants, considering this meeting [...]

Bahrain emerges stronger in post 2011 events

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa on Tuesday said that hosting regular and successive functions in the Kingdom was a living proof that it the Kingdom had emerged stronger than before, thanks to the determination [...]

KFH-B staff spends day out with CEO

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Kuwait Finance House–Bahrain (KFH-B) organised a full day out with the Bank’s Managing Director and CEO. Each month, 20 randomly selected staff from the Bank is given an opportunity to spend a full day out of the office with Abdulhakeem [...]

Gatehouse realises £34.4m in UK realty investment

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Gatehouse Bank plc (Gatehouse), a London-based wholesale Shariah compliant investment bank, announced the successful delivery of its realised investment in UK real estate, through the sale of a two properties as part of a UK student accommodation portfolio in a [...]

Bahrain’s broadband witnesses improvement in Q1

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Bahrain’s broadband service witnessed an improvement in the first quarter of the year, according to TRA. The Telecommunications Regulatory Authority (TRA) has released its quarter 1 of 2012 broadband analysis report on the quality of fixed 2Mbps Broadband residential services [...]

Moody’s reaffirms GIB’s credit rating

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The international credit rating agency Moody’s Investors Service has reaffirmed Gulf International Bank’s (GIB) long-term and short-term foreign currency deposit ratings of A3 and P-2 respectively. Moody’s explained in its report that GIB’s solid capital base; high liquidity and improving [...]

UAE gets 1st financial services association

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A group of leading financial institutions in the United Arab Emirates have established the Financial Services Association (UAE), the first of its kind; a non-profit policy development and trade association for the financial services sector in the UAE. Such associations [...]

Islamic banks enhance risk management capacity

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In light of the ongoing global financial climate, most world markets and sectors continue to be adversely impacted, including the Islamic Finance sector, which is currently facing regulatory and practice-related reforms. A report recently published by the Deloitte Middle East [...]

Dr Fakhro lauds private sector’s role to stimulate the economy

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Industry and Commerce Minister Dr. Hassan Fakhro, who opened the state-of-the-art Samsung Display Centre at Al Hawaj Salmaniya, confirmed Government and Ministry support to all initiatives and steps carried out by national companies and investors aimed to revitalize the commercial [...]

Michael Venus takes over as Etihad’s Corporate Affairs VP

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Etihad Airways, the national airline of the UAE, announced that Michael Venus will take charge of the company’s Corporate Affairs department. Michael, who has been the airline’s Head of International Media Relations since June 2011, has been appointed Vice President [...]

Free flow of commerce vital for the global economy: Admiral Fox

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The free flow of commerce is vital to the global economy. Mines pose a threat to all maritime traffic, regardless of nationality or purpose; we can, and will, respond to any threats or disruptive behavior by those who wish to [...]

IDB and Malaysia to host Investment Forum

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The Islamic Development Bank Group and Malaysia will jointly organize the Malaysia-IDBG Investment Forum from 9-11 May 2012, at JW Marriott Hotel, in Kuala Lumpur, under the auspices of Haji Mohamed Najib bin Tunsari Haji Abdul Razak, the Prime Minister [...]

Explosion targets and injures four policemen

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The General Directorate of the Northern Governorate Police has announced that an explosion targeting police officers occurred in Duraz at 10:35PM on Tuesday (April 24th), according to Information Affairs Authority statement. “The explosion seems to have been aimed at injuring [...]

Microsoft honours the winners of Bahrain Imagine Cup

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Microsoft announced the top three winning teams participating at the Bahrain Imagine Cup 2012 Local competition held at Isa Cultural Center in Juffair, under the patronage of eGovernment Authority CEO Mohamed Ali Al Qaed, with the support of Zain Bahrain. [...]

Dr. Fakhro Chairs 16th Joint Committee Meeting

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Industry and Commerce Minister Dr. Hassan Fakhro commended the cooperation of authorities and institutions participating in the 16th Joint Committee to facilitate the procedures and transaction in both industrial and commercial sectors. He also expressed appreciation to investors, traders, accountants [...]

Court to examine 300 witnesses in SMC Doctors’ case

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General Lower Court Attorney Ahmed Al Doseri declared regarding Salmaniya Medical Complex doctors’ crimes that the attorney had already called to hear for about 300 witnesses consisting facts witnesses, victims and those affected by the crimes committed by the accused [...]

HM King highlights media role in contemporary world

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His Majesty King Hamad bin Isa Al-Khalifa urged the media to be upgraded, stressing its growing importance in our contemporary world. He also highlighted the necessity to promote the culture of human rights, underlining Bahrain’s strides in this regard-being signatory [...]

Bahraini youths are Kingdom’s future

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His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, said that Bahraini youths are real assets of the Kingdom’s future. “Youths’ adherence to national fundamentals and strong patriotic belonging have strengthened our belief in [...]

Bahrain sets a new benchmark in environment conservation

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His Majesty King Hamad bin Isa Al Khalifa, Monarch of the Kingdom of Bahrain, has deputized His Highness Shaikh Abdullah bin Hamad Al-Khalifa, the Personal Representative of His Majesty the King and President of the Public Commission for Protection of [...]

First Motors unveils Hyundai HPAP

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First Motors, the authorized dealers of Hyundai in the kingdom of Bahrain announced the introduction of the Hyundai Premium Assurance Program (HPAP) that assures customers of getting the best value for their purchase. The new programme offers Genesis and Centennial [...]

BIC 2000 set to amuse fans during weekend

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The seventh and final round of the 2011/2012 BIC 2,000cc Challenge takes place this weekend (Friday and Saturday, April 27 and 28) at Bahrain International Circuit (BIC), “The Home of Motorsport in the Middle East”. It will be held in [...]

Leadership can raise 16% company valuation

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Market perceptions of leaders move share prices – and a new report from Deloitte, entitled The Leadership Premium, reveals just how much. Based on a survey of leading market analysts globally, the report finds that the quality of senior leadership—including [...]

WGA Supercars Champs honoured

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Bahrain International Circuit (BIC) hosted an end-of-season awards party in honour of the winners, participants and sponsors of the 2011/2012 WGA Supercars Middle East Championship. The event was held at Al Riffa Ballroom of InterContinental Regency Hotel in Manama. BIC [...]

BisB posts $1.4m net profit for Q1

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Bahrain Islamic Bank, reported a net profit of BD543, 000 ($1.4 million) in first quarter of this year compared with BD1.5m for the same period last year. Operating profit was BD2m compared with BD2.5m last time and the bank has [...]

Attackers on security officials face legal consequences

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, who visited the security officers and the Bahraini family who were injured in a cowardly criminal act perpetrated by some terrorists, said conspiracy to divide the society would not [...]

HM King holds talks with Prince Bander

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His Majesty King Hamad bin Isa Al Khalifa received at Safriya Palace, in the Presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, Prince Faisal bin Bandar bin Sultan Al Saud on [...]

HM King lauds BIC for hosting successful F1 race

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His Majesty King Hamad bin Isa Al Khalifa lauded the tremendous success of F1 Gulf Air Bahrain Grand Prix 2012, describing it as honourable achievement for all Bahrainis who worked hard to ensure success of the international sporting event. HM [...]

Bahrain’s Monarch receives Douglas J. Katz

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His Majesty King Hamad Bin Isa Al Khalifa, the Bahraini Monarch, received at Safriya Palace, the Vice-President of the American Bahraini Friendship Society, Douglas J. Katz, who is currently visiting Bahrain His Majesty the King expressed his pride with the [...]

Batelco Group remains resilient on profitability in Q1

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Batelco Group, the regional telecommunications operator of reference with operations across six countries, on Thursday said that it had realised BD16.1million net profit in first quarter of the year. The Group Chairman said that the Q1 results was marked by [...]

Bahrain’s First Lady patronises regional conference

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Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa will patronise the opening ceremony of the regional conference themed “Pre-historic eras, early dawn of civilizations in the Arab region”, organized by the Ministry of Culture from April 28th to May [...]

Bahrain backs UAE over row with Iran

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Minister of State for Foreign Affairs Ghanim bin Fadhl Al-Buainain reaffirmed Bahrain’s support for the civilised and peaceful approach adopted by the UAE to resolve the issue of the three occupied islands, either through direct negotiation or amicably via international [...]

Kellogg starts final 2000CC weekend leading the pack

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In the BIC 2,000cc Challenge, Stephen Kellogg continued his fine dominance of the 2011/2012 season with a brilliant start to this year’s final meeting. Driving a Honda CIVIC, Kellogg clinched pole position for the weekend’s first race after clocking a [...]

Valsecchi maintains winning spree in Bahrain

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Davide Valsecchi continued his winning ways in the GP2 Series at Bahrain International Circuit (BIC) on Friday. Racing at “The Home of Motorsport in the Middle East” for the second successive week, Valsecchi captured his third win in a row [...]

Municipal Conference concludes on a high note

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The 7th Municipal Work Conference and Exhibition which held in Bahrain adopted 20 recommendations. Shaikh Mohammed bin Ahmed Al Khalifa, Director General of the Manama Municipality said that the formation of the local observatory for enhancing governance and administration. Chairman [...]

Bahrain’s economy shows resilience in 2011

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The economies of Bahrain, Jordan, Oman and Kuwait show strength during 2011, according to The Russell Frontier Index. The Russell Frontier Index (RFI) represents the investable frontier equity market and its segments comprehensively. In the Middle East it captures the [...]

Dubai World acquires remaining stake in Atlantis

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Istithmar World PJSC (Istithmar World), a subsidiary of Dubai World, confirmed the completion of the purchase of Kerzner International Holdings Limited’s (‘KIHL’) 50% interest in Atlantis, The Palm in Dubai (‘The Atlantis’; ‘The Resort’) for $250 million, thus becoming the [...]

Government remains vigilant on prices: Minister

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Industry and Commerce Minister Dr. Hassan Fakhro confirmed government and Ministry follow up for all developments of local market and the prices movement especially food and consumers goods that increases in demand by consumers, pointing the positive role played by [...]

Over $215b projects take center stage at Petrotech 2012

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With 145 projects are in the pipeline worth $215 billion, over 3,000 downstream oil and gas professionals are set to converge in Bahrain from 20–23 May for the 8th Edition of the Middle East Refining and Petrochemicals Conference and Exhibition [...]

Bahrain City Centre achieves major milestones in 2011

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Bahrain City Centre, the Kingdom’s leading lifestyle destination recently hosted their Annual General Meeting (AGM) which reviewed past highlights of 2011. Hosted in the casual settings of Wahooo! Waterpark, the venue was well-suited to the event’s theme: ‘Catch the Wave [...]

Bapco gets new board for three years term

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A new board of directors has been announced in Bapco with effect from 1st April 2012 upon a NOGA Resolution No.6 of 2012 dated 26th March 2012, issued by Dr. Abdulhussain bin Ali Mirza, Minister of Energy and Chairman of [...]

Dillmann gets historic first GP2 victory

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Tom Dillmann capped a memorable GP2 Series weekend at Bahrain International Circuit (BIC) yesterday by winning his first-ever race in the highly acclaimed Formula One feeder series. Dillmann triumphed in a thrilling GP2 Sprint to mark the completion of round [...]

Birkin claims brilliant double; Kellogg clinches title

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Tim Birkin driving a Honda Integra came away with twice the reason to celebrate in the BIC 2,000cc Challenge season finale. Heading into the opening seven-lap event, championship leader Stephen Kellogg had captured pole position during Friday’s qualifying, but stewards [...]

Bahrain Bourse honours TradeQuest challengers

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In the presence of Rasheed Al Maraj, Governor of the Central Bank of Bahrain and Afnan Rashid Al Zayani, Vice Chairman of Bahrain Bourse (BHB), the final TradeQuest Awards Ceremony was held on Saturday. Forty six students who took part [...]

BTI fresh graduates get 400 jobs

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Under-secretary for Resources and Services at the Education Ministry Hesham bin Abdulaziz Al Khalifa has opened the Professions Week, 2012, organized by the Bahrain Training Institute (BTI), with the participation of 23 companies, institutions and agencies specialised in commerce, industry, [...]

First Motors launches HPAP

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First Motors, the authorized dealers of Hyundai in Bahrain, announced the introduction of the Hyundai Premium Assurance Programme (HPAP) that assures customers of getting the best value for their purchase. The new programme offers Genesis and Centennial owners a range [...]

‘Bravery in business pays off’

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Bizladies Bahrain Chapter met for their monthly event at Unisono Headquarters where Founding Partner and CEO Amy Morgan made a presentation on the topic of ‘Bravery in Business’. Over 30 senior business ladies attended the event, which is the second [...]

BBK remains upbeat on expansion in Kuwait, India

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BBK is treading on the right path of business with regional expansion including setting up two new joint ventures in Kuwait and opening of two new offshore branches in India, according to a top official at the BBK. A. Karim [...]

Emerging economies take center stage at AIM in Dubai

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With expected number of delegates reaching 4000 including 30 ministers and 45 official delegations, the huge opportunities in emerging markets are likely take centre stage during the 2nd Annual Investment Meeting 2012. The organizing committees of the Annual Investment Meeting [...]

Bapco hosts farewell reception for JVROC

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Bapco hosted the Chevron Joint Venture Refining Operating Committee (JVROC) Meeting which was attended by executives of Chevron’s Joint Venture refineries led by Chevron President of Manufacturing, Gary Yesavage. Following completion of the two days of intensive meetings, Bapco hosted [...]

DHL Express’ global CEO meets MENA Managers

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DHL Express Global CEO Ken Allen arrived in Bahrain and met with the Country Managers of the Middle East and North Africa (MENA) markets to discuss the state of business in the region and opportunities for further growth. The meeting [...]

Al-Khawaja not force-fed at the hospital

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The claims about the volunteer hunger striker Abdulhadi Al Khawaja that he was being force-fed in the hospital have been categorically denied by the authorities, according to a statement issued by the Information Affairs Authority (IAA). A spokesperson for Bahrain [...]

Diyar Homes’sales kick off on May 5th

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Diyar Homes on Sunday announced the commencement of viewing the Diyar Homes mock-up villas will start on April 29th and sales will start on 5th May at 8am. Diyar Homes offers most of the design requirements for Bahraini family tastes [...]

GIB reports net income of $31.8m in Q1

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Bahrain-headquartered Gulf International Bank (GIB) reported consolidated net income, after tax, of $31.8 million for the three months ended on 31st March 2012, 23% or $6 million up on the comparable prior year period. “We are pleased to report continued [...]

BFX achieves trade turnover of $1b in value

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The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA), has achieved a major milestone with the cumulative (single-side) trading turnover value crossing the $1 billion mark on the 24th of April 2012. [...]

EU Parliament member misrepresents facts about her visit

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Interior Ministry Assistant Undersecretary for Nationality, Passports and Residence announced that Ana Gomez, a member of the European Parliament, provided information that raised the suspicions of Bahrain airport officials upon her arrival in the country. “When the airport officials questioned [...]

Batelco Group gets new Group CFO

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Batelco Group announced the appointment of Marco Regnier as Group Chief Financial 0fficer (CFO) with effect 1 May 2012. Regnier joins the Group from Tunis-based Tunisie Telecom, a subsidiary of Emirates International Telecommunications Ltd (EITL), where he was CFO for [...]

ALBA takes all 319 sacked employees back

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Aluminium Bahrain B.S.C. (Alba) marked the celebrations of the International Labour Day with an announcement that – as of May 1, 2012 – almost 220 employees have returned to work and all 319 reinstated employees are now on the company’s [...]

Saudi mobile penetration reaches 200%; still growing

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At nearly 200% mobile penetration, the Saudi mobile market should be close to maturity, but surprisingly it is still growing, despite possible slowing in H212, according to Fitch. The main growth engine is demand for mobile broadband services, which has [...]

HRH Sheikh Mohammed opens Arabian Travel Market

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HRH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, on Monday officially inaugurated Arabian Travel Market (ATM) 2012, in the presence of senior government officials, leaders of the regional and international travel industry [...]

HM King opens the largest IPP in Bahrain

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His Majesty King Hamad bin Isa Al Khalifa, in the presence of HRH the Prime Minister, Prince Khalifa bin Salman Al Khalifa, on Monday officially opened Bahrain’s largest Independent Power Plant (IPP) in the country Al-Dur Power and Water Plant. [...]

Malaysian power giant MCB buys 40% stake in HPC

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Investment agreements involving a new strategic partner in Hidd Power Company (HPC) were signed earlier at the premises of the Ministry of Finance between the Government of Bahrain and the Malaysian independent power producer Malakoff Corporation Berhad (MCB). Through its [...]

Bahrain’s Crown Prince visits Samsung HQs

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His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince paid a visit to Samsung headquarters in Seoul, where he was received by the Vice President of the company Hyuk Sun-Kim and a number of senior officials. Sun-Kim [...]

Prince Salman arrives in Seoul for talks

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His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, accompanied by His Royal Highness’s son His Highness Shaikh Mohammed bin Salman bin Hamad Al Khalifa, arrived in the Korean Capital, Seoul, in an official [...]

Bahrain’s domestic credit grows 15.9 % at end of Q1

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Bahrain’s domestic credit market bounced back at end of first of the year with growth of 15.9 per cent comparable with the Q1 of the last year, according to the statistics released by the Central Bank of Bahrain on Monday. [...]

Shard Tower London opens on July 5th

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Sheikh Abdullah Bin Saoud Al Thani, Governor of Qatar Central Bank and Chairman of the Board of Directors of the Shard Funding Limited announced that the inauguration of Shard Tower in London will be on July 5th 2012. The tower [...]

Dubai hotels’ revenues up 24% in Q1

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Dubai’s Department of Tourism and Commerce Marketing (DTCM) has released the Q1 2012 key performance indicators for the emirate’s rapidly expanding hotel industry, which showed a 9% increase in guest numbers, 24% increase in revenues, 22% jump in guest nights [...]

Qatar Airways to launch Iraq, Mynamar flights

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Launch dates for flights into Myanmar and Iraq have been announced at Arabian Travel Market as part of Qatar Airways’ update on 2012 route schedules, with capacity hikes also being introduced to a number of other international destinations from the [...]

Japan picks ATM New Frontiers Award

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Arabian Travel Market (ATM) announced that Japan had been honoured with the New Frontiers Award 2012. Last year’s recipient Chile attended the Arabian Travel Market 2012 to present the award to Daisuke Matsunaga, Consul-General, Japanese Embassy in Dubai alongside Mark [...]

Etihad Airways confirms 2.987% stake in Aer Lingus

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Etihad Airways confirmed that it had acquired a 2.987 per cent stake in Aer Lingus. The airline said the purchase reflected its desire to forge a commercial partnership with the Irish national carrier. Etihad Airways believes a possible partnership could [...]

HM King opens 20th Heritage Festival today

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His MajestyKing Hamad bin Isa Al-Khalifa patronizes the opening ceremony of the 20th Heritage Festival on Wednesday. The Culture Ministry is holding the 20th edition at the Bahrain International Exhibition and Convention Centre. The Royal patronage reflects HM the King’s [...]

Bahrain and Korea keen on bolstering ties in vital areas

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His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince and Deputy Supreme Commander hailed strong relations bonding Bahrain and South Korea, pointing out in this regard projects and fruitful programmes in the industrial and technical sectors. He stressed the [...]

Political dust must settle down in Bahrain: Bankers

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The political dust must settle down in Bahrain to keep the wheel of businesses moving without any interruption, leading bankers said. Leading bankers and regulators during the Meet the Press hosted by the Bankers Association of Bahrain (BAB) told the [...]

Banks can’t do business in a vacuum: CEO SCB

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Banks cannot do business in isolation or a vacuum and this part of the world never been immune to the global economic upheaval started in 2008, according to a senior banker. CEO at the Standard Chartered Bank Bahrain, Hassan Jarrar [...]

Risks continue to haunt the banks: CBB Advisor

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There is a need of stringent regulations covering the entire spectrum of risk management tools for the banking industry, according to a senior banker. Richard Ellis, a senior banker and now Advisor to the Central Bank of Bahrain (CBB) was [...]

‘Bahrain is a land of love, peace & fraternity’

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BAHRAIN should be protected by its citizens and what is happening isn’t correct, Her Highness Shaikha Lulwa bint Khalifa Al Khalifa, said. Shaikha Lulwa, daughter of the HRH the Prime Minister Prince Khalifa bin Salman Al Khalifa, condemned the terror [...]

LG to implement electronic licensing project in Bahrain

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On the sidelines of the Crown Prince, HRH Prince Salman Bin Hamad Al Khalifa’s visit to Korea leading a large trade delegation, Bahrain e-Government Authority signed a contract with the Korean electronics giant LG to implement a project to develop [...]

Bahrain calls for GCC Union

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Bahrain on Wednesday stressed the importance of embarking on phase the GCC Union. Interior Minister Lieutenant-General Shaikh Rashid bin Abdulla Al-Khalifa described the move as inevitable amid mounting regional and international challenges. In a statement to Saudi Press Agency, Lt-General [...]

HM King lauds Bahrain as a tolerant society

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His Majesty King Hamad bin Isa Al-Khalifa received at Al-Safriya Palace priests representing 16 churches in Bahrain, who came to express thanks and gratitude to HM for the freedom and security enjoyed by churches in Bahrain. HM King praised the [...]

Shaikh Nasser opens 20th Heritage Festival

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His Majesty King Hamad bin Isa Al-Khalifa deputized Supreme Council for Youth and sport Chairman and Bahrain Olympic Committee President Shaikh Nasser bin Hamad Al-Khalifa to open the 20 Heritage Festival. The expo is being organized by the Ministry of [...]

GCC-India trade reaches $88.8b in 2010

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Bilateral merchandise trade between India and the GCC has grown substantially over the last decade with CAGR of 35.9% over 2001–10 to $88.8 billion, according to Alpen Capital. Trade intensity between the regions has also risen led by numerous bilateral [...]

BMI Bank assets up 20% to $1.8b in Q1

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Bahraini retail and commercial banking institution, BMI Bank, on Wednesday said that its total assets stood at $1.8 billion at end of March 2012, a 20% up over the $1.5 billion recorded at the end of March last year. “The [...]

Bapco launches smart fuel cards

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The Bahrain Petroleum Company (Bapco) introduced new smart fuel card called Sadeem, a card that can be used for purchasing fuel at Bapco fuel selling points across the Kingdom. “Sadeem, meaning galaxy or a cloud of energy, is a payment [...]

Diyar Homes’ mock-up villas become instant hit

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Diyar Homes has witnessed a tremendous number of visitors who came to view the mock-up villas and to receive more details about the homes and the different available designs. Potential buyers came to visit Diyar Homes after its announcement of [...]

ME airlines’ demand up 20.9% in March: IATA

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Middle East airlines’ demand jumped 20.9% on a 12.4% rise in capacity, propelling load factors to 78.7%, according to the International Air Transport Association (IATA) announced global traffic results for March. “This was the largest rate of growth for any [...]

Shaikh Fawaz opens Bahrain Press Club

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In line with His Majesty King Hamad bin Isa Al Khalifa’s directives, President of the Information Affairs Authority (IAA) Shaikh Fawaz bin Mohammed Al Khalifa inaugurated the Bahrain Press Club. On the occasion, Shaikh Fawaz said that the club, whose [...]

Bahrain’s King endorses constitutional amendments

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His Majesty King Hamad bin Isa Al Khalifa on Thursday endorsed the constitutional amendments put forward by the National Dialogue participants, paving the way for the Kingdom to enter into a new era on reconciliation and development. Hi Majesty patronised [...]

CBB requires SMS notification from the banks

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The Central Bank of Bahrain (CBB) on Thursday issued directive requiring from the banks to notify the customers through short messaging service (SMS) about each financial transaction at the ATMs or point of sales. The CBB said the new directives [...]

Al Rumaihi takes up new senior role at BCC

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Duaij Khalifa Al Rumaihi has been promoted as the new Senior Manager at the Bahrain City Centre, the leading shopping and lifestyle destination in the Kingdom. “A Bahraini national, Duaij is a significant contributor to the local community; with over [...]

Freedom of Press costs 62 lives in 2011

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With freedom of expression is seen as one of most precious rights of humans, the saviours of this basic right were hit hard as 62 journalists were killed in 2011 while performing their professional obligations. The world is celebrating the [...]

Region’s hospitality sector bounces back

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The region’s hospitality sector is back on the track of progress and development which can be gauged through of the Arabian Travel Market 2012. Visitor numbers up 7-10% on 2011 figures with new impetus driven by regional industry performance and [...]

ABIB launches SMS Banking

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In line with its continuous effort to enhance banking services to customers, Al Baraka Islamic Bank announced the launch of the new SMS Banking Service aimed at improving customer satisfaction through saving time and effort using the latest modern technologies. [...]

ABG’s four subsidiaries win awards

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Four subsidiaries of the Bahrain based leading Islamic banking group Al Baraka Banking Group (ABG) received the “Best Islamic Bank” Award of 2012, as part of the annual awards that the Global Finance Magazine, which is specialized in banking and [...]

‘Fill your car tank with one swipe’

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Now motor riders in Bahrain can fill their car tanks by swiping the smart fuel card, thanks to Bapco which announced the launch of the new card called Sadeem. The innovative smart fuel card was launched at a ceremony held [...]

A BD20m new Muharraq Shopping Mall on the way

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A brand new BD20 million new Community Shopping Mall will open its door for businesses in 18-months time, it was announced on Thursday. Shaikh Abdulla bin Khalifa Al Khalifa, Chairman of Seef Properties, 50% and single largest stakeholder in the [...]

Bahrain lauds role of GCC Ministers of Labours’ Council

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Labour Minister Jamil bin Mohammed Ali Humaidan hailed the pivotal role played by the Executive Bureau of the GCC Ministers of Labour and Social Affairs Council in carrying out projects and programmes aimed at boosting relations and cooperation among the [...]

Constitutional amendments will bring political stability

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During a workshop organized by Bahrain Institute for Political Development (BIPD),  on the impact of constitutional amendments on the political system, as the first session which aims to promote the culture of democracy, Chairwoman of Legislative and Legal Affairs’ Committee [...]

BCCI hails constitutional amendments

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Bahrain Chamber of Commerce and Industry (BCCI) hailed HM the King’s ratification of the constitutional amendments project which has been approved by the legislative power. BCCI Chairman Dr. Essam Abdullah Fakhro considered the royal endorsement of the amendments, as it [...]

Bahrain Journalists’ Association elects new board today

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The Bahrain Journalists Association will tomorrow hold its annual meeting at nine o’clock at Beit Al-Tejjar to elect its new board and discuss latest developments. Ten candidates are in the fray to secure a seat in the new-look. Osama Al-Majid [...]

Finance Minister to attend GCC Meet

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Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa will leave for Saudi Arabia on Saturday leading Bahrain’s delegation to the 93rd meeting of the GCC Financial and Economic Committee, to be held at the headquarters of the GCC Secretariat-General. The [...]

Shaikh Khalid receives Japanese Deputy Defence Minister

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Rapid Intervention Force Acting Commander Lieutenant Shaikh Khalid bin Hamad Al Khalifa received in his office at the Royal Guard Japanese Deputy Defence Minister Mitsu Shimojo and his accompanying delegation. Lt. Shaikh Khalid welcomed the Japanese Deputy Defence Minister’s visit [...]

Regulations serve as vital pillar for petrochemical industry

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Achieving operational excellence throughout the supply chain industry with emphasis on best practice in environment, health, safety and security will be the central theme of the fourth Gulf Petrochemical and Chemical Association (GPCA) Supply Chain Conference in Dubai on May [...]

Dr Mirza opens Oil and Gas Show on Monday

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Minister Energy and Chairman NOGA, Dr. Abdul Hussain bin Ali Mirza to Open the Middle East’s longest running annual oil conference on May 7, 2012 Presidents of international oil companies, senior government officials and heads of national oil companies in [...]

‘The Bizz 2012’ takes place in Doha

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One of the world’s most important business awards, THE BIZZ 2012, will be handed out on September 16 in a gala ceremony at the Sharq Village Hotel & Spa in the city of Doha, Qatar. This ceremony is the latest [...]

Authorities start tearing down dangerous structures

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Manama Municipality starts to demolish the abandoned and ramshackle buildings in Manama, in implementation of the Monitoring Committee for Abandoned and Ramshackle buildings’ decisions, in coordination with the Gulf Company and with cooperation with the concerned government institutions.

Culture Ministry and St. Petersburg Museum ink agreement

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An agreement was signed on Saturday between the Culture Ministry in Bahrain and the State Hermitage Museum in Saint Petersburg in Russia, in line with the Kingdom’s keen interest to enhance cultural exchange with other countries.

GCC continues to co-operate in telecom sector

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The delegations participating in the GCC Technical Telecommunications’ meeting stressed the need to continue holding coordinating meetings between the member states to discuss the mutual interactions between them on the cell-phone networks.

VIVA Bahrain wins ‘growth story of the year’ award

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Leading telecom operator, VIVA Bahrain was awarded the prestigious “Growth Story of the Year” at the TMT Finance Middle East 2012 Awards in Dubai for its outstanding achievements during 2011.

BJA AGM adjourns for want of quorum

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The annual general assembly of the Bahrain Journalists’ Association (BJA) have been adjourned on Saturday, till May 19th, for want of quorum, the BJA in a statement said. The BJA in a statement confirmed that during its Ordinary General Assembly, [...]

IFEX is welcome to visit Bahrain

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The Ministry of Human Rights and Social Development in a statement assured that it had entertained the requests of more than 10 international NGOs to visit Bahrain and would continue to do so in future as well.

Terrorists target four police officials with bomb

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In an unabated spate of violence against the security officials by the saboteurs, four police officers have been targeted by bomb leaving one of them seriously injured, the police chief announced.

RUW conducts lecture on traditional dress

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Royal University for Women hosted two important events organized by the Ministry of Culture. The first event was a guest lecture on the ‘History of Traditional Dress on and the second event was a ‘Workshop on Traditional Dress Designing Skills’ [...]

Unisono launches TV & Radio Department

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Unisono announced the launch of its TV and Radio Division. The division is to be headed by Julia Klein who has over 25 years of experience in the film and television industry.

Ithmaar supports AAOIFI conference 2012

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In line with its long standing commitment to playing a real and meaningful role in supporting the development of Bahrain’s banking and finance industry, Ithmaar Bank once again extended its support for a major Accounting and Auditing Organisation for Islamic [...]

ALBA sales reach $496m in Q1

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Aluminium Bahrain (ALBA) on Sunday said that its first quarter sales reach $496 million with net profit $57 million. Alba said its results were impacted by lower LME levels and higher gas costs, however, it maintained sound cash flow of [...]

Decent earning, home are goals for youngsters

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Earning a fair wage and owning a home are now the two highest priorities for young people in the Middle East – displacing “living in a democracy” as the greatest aspiration of regional youth, according to the findings of the [...]

Over 36% males are overweight in Bahrain

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VLCC honoured three Bahrain-based “Good Health Ambassadors” who have undergone the scientific and healthy VLCC weight loss programme to fight obesity and transform their lives.

Porsche revenues up 32.4% in Q1

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Dr. Ing. h.c. F. Porsche AG, Stuttgart, has got the new financial year off to a flying start. The company managed to increase sales, revenue and operating profit significantly in the first quarter of 2012.

Cabinet slams nefarious media campaigns against Bahrain

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His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa described Bahrain’s growth, prosperity, security and stability as a prime concern, stressing resolve to stand firm against threats to national security.

Sky News Arabia goes live in Abu Dhabi

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Sky News Arabia, the multi-platform 24-hour Arabic rolling news channel, broadcast for the first time to over 50 million homes across the Middle East and North Africa, went live at 7pm Bahrain’s local time on Sunday. A joint venture between [...]

Rajab faces charges including inciting violence, defamation

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Senior District Attorney Abdulrahman Al-Sayyed announced  that Nabeel Ahmed Abdul Rasul Rajab had appeared before the Lower Criminal Court to face charges of inciting illegal rallies and marches online by using social networking websites. The activist was arrested at the [...]

Batelco and Gulf Air ink agreement

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Bahrain’s leading integrated communications services provider and Gulf Air, the Kingdom’s National airline, have signed a Memorandum of Understanding (MoU) that will deliver great benefits to customers of both Bahraini companies. The historic signing agreement between two of Bahrain’s leading [...]

Bahrain-US ties will be major highlight during America Week

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The deep-rooted fraternal ties between the United States and the Kingdom of Bahrain will be a major highlight during the first America Week to be held in Bahrain, according to the US envoy.

UAB to organise a workshop on Basel III

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The Union of Arab Banks (UAB) will organize a specialized banking workshop, conducted in English, titled practical Implementation of Liquidity Risk Management and the Internal Capital Adequacy Assessment Process (ICAAP) According to Basel III Requirements” at the Bahrain Institute for [...]

Bahrain-Turkey trade increases 150% to $250m

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The First Deputy Chairman of Bahrain Chamber of Commerce and Industry, Ibrahim Mohammed Ali Zainal met at Bait Al Tojar with the Chairman of the Board of Directors of the Turkish Al-Madar co., Al-Madar Abdullah, and the Turkish businessman, Turan [...]

Upper House condemns terrorist attack on security officials

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Shura Council during a meeting headed by The Shura Council’s Chairman Ali bin Saleh Al-Saleh condemned the terrorist acts that threatened the lives of a number of security personnel in the village of Bani Jamra during carrying out their national [...]

HM King visits BDF General Command

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His Majesty King Hamad bin Isa Al Khalifa paid a visit to Bahrain Defense Force’s General Command. HM the King was received upon arrival by the BDF’s Commander-in-Chief Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa, the Minister of State [...]

Etihad appoints new GM Oman

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Etihad Airways has appointed Mahfood Al Harthy as its new General Manager for Oman. Mahfood joins Etihad Airways from Gulf Air where he held a number of senior sales positions in Bahrain, Indonesia, the South Pacific, Sri Lanka, the Maldives, [...]

Al Baraka Banking Group sponsors AAOIFI Conference

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Bahrain-based leading Islamic banking group Al Baraka Banking Group (ABG), announced that, as part of its leading role in supporting the development of the Islamic financial industry and in continuation of its past participations, it sponsored as a platinum partner, [...]

KFH-B gold sponsor of the AAOIFI Conference

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Kuwait Finance House-Bahrain (KFH-B) announced its Gold sponsorship of the Annual Shari’a Conference, which is currently taking place on 7th and 8th of May 2012 at the Diplomat Hotel.

F1 for Oil and & Gas industry in the Middle East kicks off

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Dubbed as the F1 for the oil and gas industry in the Middle East, the 20th Middle East Petroleum and Gas Conference 2012 (MEPGC) kicked off in Manama on Monday at the Ritz Carlton Hotel and Spa.

Saudi-Bahrain MoU a major step towards GCC Union

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Rotana Group’s agreement with Bahrain is a major step towards GCC Union which shows growing co-operation among the states including the transfer of expertise, investments and knowledge, an official told the 24X7 News.

S&P affirms Saudi Arabia at AA-/A-1+; outlook stable

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Standard & Poor’s Ratings Services has affirmed its long- and short-term foreign and local currency sovereign credit ratings on the Kingdom of Saudi Arabia at ‘AA-/A-1+’. The outlook is stable.

Fitch affirms Commercial Bank of Qatar at A

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Fitch Ratings has affirmed Commercial Bank of Qatar’s (CBQ) long-term issuer default rating (IDR) at ‘A’ and short-term IDR at ‘F1′. The outlook on the long-term IDR is stable.

Fitch affirms QIIB at A-; outlook stable

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Fitch Ratings has affirmed Qatar International Islamic Bank’s (QIIB) long-term issuer default rating (IDR) at ‘A-’ with a stable outlook. QIIB’s IDRs are support-driven and reflect Fitch’s opinion of an extremely high probability of support from the Qatari authorities if [...]

KHCB supports AAOIFI 11th Annual Conference

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Bahrain-based Khaleeji Commercial Bank (KHCB) has supported the AAOIFI’s 11th Annual Conference which concluded on Tuesday. Under the patronage of Shaikh Ebrahim Bin Khalifa Al Khalifa, Chairman and Board of Trustees of AAOIFI, the conference was held at the Diplomat [...]

Bahrain continues to attract investments: Dr. Fakhro

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The Kingdom of Bahrain continues to attract the investments, thanks to the attractive investment climate in the country, according to the Minister Dr Hassan Fakhro.

Bahrain Cheque Truncation System goes live on 13th

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The Central Bank of Bahrain (CBB) and the BENEFIT Company (BENEFIT) announced that the new Bahrain Cheque Truncation System (BCTS) will commence operations on 13th May, 2012. BCTS will replace the current paper based cheque clearing system in the Kingdom [...]

Bahrain has plenty of talent for soccer: Lee Sharpe

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Lee Sharpe, Manchester United Legend on Tuesday underlined the importance coaching, learning techniques and continuation of training for young soccer players in Bahrain. Manchester United legend highlighted the potential and talent among youngsters and lauded the initiative of VIVA which [...]

Zain revenues reach $1.2b in Q1

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Zain Group in a statement said its revenues reached $1.2 billion and net income $255 million at end of the first quarter of the year, the company in a statement said.

Batelco brings ‘Avaya office-in-a-box solution’

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Batelco introduced the Avaya Office-In-a-Box Solution for the first time in Bahrain which had been successfully showcased at the Bahrain International e-Government Forum.

KFH-B launches Direct Debit

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Kuwait Finance House-Bahrain (KFH-B) announced its participation in the Direct Debit service of The BENEFIT Company. This automated mechanism allows for settlement of utility, telephone bills and any other payments that are made on a regular basis by KFH-B customers. [...]

Healthy outlook for GCC oil-exporting economies

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Economic prospects for oil-exporting economies in the Gulf Cooperation Council (GCC) look healthier over the next few years than in the initial phase of the global financial crisis in 2008-2009, according to a report published by Standard & Poor’s titled [...]

ME Oil & Gas sector faces shortage of talent

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In a Deloitte report entitled the Talent Edge 2020: Redrafting talent strategies for the uneven recovery, experts focused on the oil and gas sector, to gauge the talent trends in the growing industry. Of the key findings, the majority of [...]

IPO activity shows signs of recovery in the GCC

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Initial Public Offering (IPO) activity began to show early signs of recovery towards the end of Q1 2012 in the six nation Gulf Corporation Council (GCC) stock markets. Investor confidence began to return to markets with share price levels generally [...]

StanChart holds workshop on working capital management

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In line with its continuous efforts to deepen its client relationships and understanding, Standard Chartered held a client event to discuss trends, solutions and challenges in working capital and its effective management, leveraging technology. The event was held in Bahrain [...]

Prince Heinrich of Liechtenstein to address BFBA

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Bahrain Family Business Association under the Chairmanship of Khalid Kanoo is organizing a seminar on Sunday, 13th May 2012 at 8.00 pm at The K Hotel, Juffair. Prince Heinrich von und zu Liechtenstein will be the Chief Guest and keynote [...]

No country tolerates sabotage and terrorism

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Bahrain on Wednesday vowed to stave off subversive attempts aimed at undermining its security and stability. “No country in the world can tolerate sabotage and terror seeking to destabilize the country and terrorize people”, His Royal Highness Prime Minister Prince Khalifa [...]

Bahrain plans $8b refinery expansion: Minister

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The Kingdom of Bahrain which was the first nation in the GCC to drill the oil in 1932 has achieved many strides in the development of the oil and gas sector in the past eight decades and now plans $8billion [...]

SICO swings back into the black in Q1

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Bahrain-based Securities & Investment Company (SICO) reported a net profit of BD1.351 million for the first quarter of 2012 compared to a loss of BD 627,000 for the same period of the previous year. 

GFH hosts investors to MEDZ project in India

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Senior management and key investors of Gulf Finance House BSC (GFH), the Bahrain-based Islamic investment bank, led by Acting Chief Executive Officer Hisham Alrayes, visited the Mumbai Economic Development Zone (MEDZ) project site in India. 

Sudanese President hails Bahrain reforms

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The Sudanese President Omar Al Bashir met with a delegation of Bahrain’s Council of Representatives chaired by the Second Deputy Chairman, Adel Al Ma’awda, where he expressed the support of the Sudanese government and its people of all the procedures [...]

Bahrain-Turkey seeks co-operation in security

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Interior Minister Lieutenant General Shaikh Rashid bin Abdullah Al Khalifa held a discussion session with his Turkish counterpart Idris Naim Shahin. The Turkish minister hailed Lt. General Shaikh Rashid’s visit to Turkey and its significance in bolstering bilateral cooperation, describing [...]

Saudi envoys lauds the leadership of King Abdulla

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Saudi Ambassador to Bahrain Dr. Abdul Mohsen bin Fahd Al-Mark praised to the Custodian of the Two Holey Mosques King Abdullah bin Abdulaziz Al Saud, the Crown Prince and the Saudi Royal family and extended his congratulations and blessings on [...]

Apex appeal court reviews SMC doctors’ case

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The Supreme Appeal court reviewed the case of the suspects related to the taking over of Salmaniya Medical Complex (SMC) during which the defense presented its appeal. Meanwhile, the public prosecution had previously presented its case against those charged providing [...]

Bahrain reaffirms backing Palestine membership at UN

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The Kingdom of Bahrain reaffirmed the vitality of the Non-Alignment Movement (NAM) solidarity and unity in forging a peaceful and secure world, rejected resort to force in dispute settlement and destabilization of regional security and stability. The Kingdom called to [...]

Pakistan-Bahrain enjoys historical ties: Minister

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Minister of State for Foreign Affairs Ghanim bin Fadhul Al-Buainain received member of the Senate of Pakistan Professor Sajid Mir. The Minister of State welcomed the Pakistani Senate’s member and commended the historical relations between the two friendly countries, pointed [...]

HM King bestows US Admiral Fox with highest medal

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His Majesty King Hamad bin Isa Al Khalifa received at Al-Safriya Palace outgoing US Naval Forces Central Command and Fifth Fleet Commander Admiral Mark I Fox. HM the King lauded his distinguished efforts in boosting historic bilateral relations mainly in [...]

Bahrain remains committed to welfare of its citizen

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During his meeting with a number of US Congressmen, His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince confirmed Bahrain’s seriousness in continuing the path of reform, to achieve citizen’s aspirations. HRH said that the latest steps [...]

IFIs seek boards to get tough on risk management

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Overwhelming majority of 63% of Islamic Financial Institutions (IFIs) believe that strong commitment from boards, sharia’a supervisory boards and management is required to improve risk management in Islamic Finance, according to the findings of a survey. Deloitte Islamic Finance Knowledge [...]

ABC Islamic Bank reports $1.6m net profit in Q1

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ABC Islamic Bank announced a net profit of $1.6 million for the first quarter of 2012. A higher net profit of $3 million for the first quarter of last year was mainly due to a one-off revenue item of $1.3 [...]

Feltman attends Ambassador Nunu’s reception

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The Bahraini Ambassador in Washington Huda Nonoo organized a reception at the embassy’s building in honor of members of the Bahraini-American Business Council on the occasion of the fifth anniversary of the establishment of the Council. Ambassador Nonoo, in her [...]

Shaikha Mai delivers a lecture in Jordan

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On the sidelines of her visit to Jordan, the Minister of Culture Shaikha Mai bint Mohammed Al Khalifa delivered, at the Royal Cultural Centre in Amman a lecture, in which she talked about the allure of Manama as the Capital [...]

Batelco announces upgrade

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Batelco, Bahrain’s leading telecommunications provider is in the process of enhancing both upload and download speeds for Mobile Broadband as part of the Company’s ongoing strategy to enhance its networks and keep them on par with the highest international standards. [...]

BMI Bank sponsors IMF/World Bank Tokyo meet

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BMI Bank announced the renewal of its key sponsorship of the ‘Banks in Bahrain’ reception at the 2012 joint International Monetary Fund/World Bank Conference to be held in Tokyo on the 13th of October 2012. The event, hosted by the [...]

CBB hosts the University of Wales students’ delegation

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The Central Bank of Bahrain hosted a group of 27 students studying the Banking law and Practice module of Year II of the University of Wales Validated Diploma Programme at the BIBF. These Year II students will be traveling to [...]

Dubai to host world’s largest Airport Show

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Organised by Reed Exhibitions Middle East, the 12th edition of Airport Show will be held from the 22nd to the 24th of May, 2012 at the Dubai International Convention and Exhibition Centre (DICEC) under the patronage of His Highness Sheikh [...]

German Parliamentary delegation due to arrive Bahrain

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Chairman of the Foreign Affairs, Defence and National Security at the Shura Council Dr. Shaikh Khalid bin Khalifa Al Khalifa has welcomed the forthcoming visit of a German parliamentary delegation to the kingdom, lauding the outstanding Bahraini-German relations and the [...]

Democracy is ongoing process in Bahrain: Prince Salman

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His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, said democracy is an ongoing process that requires time, hard work and a realistic vision. “We, in Bahrain, are working diligently to achieve that while [...]

Thai Premier starts historic visit of Bahrain

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The Thai Premier Yingluck Shinawatra arrives in Manama on Sunday on an official visit to the Kingdom on the invitation of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa. This will be first visit of Thai Premier [...]

Bahrain-US remains strategic allies: Congressman

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A veteran US congressman highlighted the importance of the strong strategic alliance between the US and the Kingdom of Bahrain. “There is no doubt that both countries are strong allies”, U.S. Representative (R) for Indiana’s 5th Congressional District Dan Burton [...]

GCC Union tops the agenda during meet

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The GCC leaders will hold their 14th consultative meeting in Riyadh next Monday under the chairmanship of Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, the President of the current session of the GCC Supreme Council. [...]

Bahrain finalises audit of public accounts for 2011

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Bahrain’s Auditor-General, who heads the National Audit Court, Hassan Khalifa Al-Jalahma, announced the completion of the audit of the accounts of the ministries and other government entities for the year ended 31st December 2011. The “Consolidated Final Account of the [...]

Bahraini authorities keep an eye on prices, supply chain

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Industry and Commerce Minister Dr. Hassan Fakhro on Saturday reaffirmed the Ministry’s keenness on following up all developments of local market and the prices trends, especially food and consumers commodities that, pointing out the positive role played by traders and [...]

Around 98% businesses use fixed broadband services

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With all medium and large businesses in Bahrain having access to the internet, 98% of those businesses use a fixed line broadband service, according to Bahrain’s Telecommunication Regulatory Authority (TRA), survey. Of those businesses accessing the internet, 53% have a [...]

IAA Chief receives media code of ethics

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In line with the Kingdom’s efforts to promote the media to next stage, Information Affairs Authority (IAA) President Shaikh Fawaz bin Mohammed Al-Khalifa received a draft Audio-Visual Media Code of Ethics as well as code of media honour. He met [...]

Bahrain-US continues security co-operation

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His Royal Highness Crown Prince, Deputy Supreme Commander Prince Salman bin Hamad Al Khalifa highlighted the strong ties existing between the Kingdom of Bahrain and the United States indicating the importance of the continuation of joint military cooperation between the [...]

Preserving stability, national interests is collective duty