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

11/24/2014 13:32:12 PM

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

Etihad to minimize the impact of flights disruptions

11/24/2014 13:27:30 PM

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

Middle East enjoys the least demanding tax framework

11/24/2014 13:23:16 PM

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

Bahrain-Spain explores avenues of co-operation

11/24/2014 13:08:21 PM

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

Dr. Fakhro says new projects will strengthen economy

11/24/2014 12:52:42 PM

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

Bahrain parliamentary elections voters turnout tops 52.6%

11/24/2014 12:34:22 PM

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

AFS to process ABC Jordan credit cards

11/24/2014 09:11:03 AM

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

Menatelecom offers iPhone 6, iphone 6 plus packages

11/24/2014 09:08:44 AM

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

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

11/24/2014 08:34:41 AM

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

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

11/24/2014 07:46:40 AM

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

Bahrain records 51.5% turnout in parliamentary elections

11/22/2014 15:04:05 PM

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

Etihad Airways becomes longest title sponsor for F1 Grand Prix

11/22/2014 13:21:04 PM

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

Ministry of Interior ensures uninterrupted elections in Bahrain

11/22/2014 13:08:10 PM

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

Al Wefaq downplays record turnout expectations in Bahrain polls

11/22/2014 13:00:54 PM

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

Bahrain media distorts Saar election turnout: NGO claims

11/22/2014 10:26:08 AM

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

BNA server remains down for over 20 hours

11/22/2014 09:49:05 AM

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

Batelco emerges as preferred point of presence globally

11/22/2014 07:29:00 AM

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

Report warns UAE’s rising taxes as burgeoning burden

11/22/2014 04:20:40 AM

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

No cameras, mobile phones inside the polling booths

11/21/2014 13:37:48 PM

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

Historic welcome accorded to HRH Prince Khalifa

11/21/2014 13:36:39 PM

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

Hotel outlets closure may cause BD10m loss in revenue

11/16/2014 10:53:12 AM

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

IIFM launches collateralized Murabahah document

11/16/2014 09:43:29 AM

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

Bahrain joins global community in fight against Ebola

11/16/2014 09:29:55 AM

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

Bahrain’s employment figures up 3.6% in Q3

11/16/2014 09:26:33 AM

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

Zero tolerance to incidents of sabotaging of elections

11/16/2014 09:20:08 AM

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

Bahrain says no to smuggling of subsidized petroleum products

11/16/2014 07:54:16 AM

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

GFH embarks on a new era of low risk investment approach

11/16/2014 07:35:37 AM

Manama: GFH, the Bahrain based Islamic investment bank, which on Sunday announced its rebranding said it was bidding farewell to high risk investments as part of its new strategy as being diligent, honest and smart institution in 2015 and beyond. [&# > read more

ABG’s Turkish subsidiary reaps healthy crop at end of Q3

11/16/2014 06:10:06 AM

Manama: Al Baraka Turk Participation Bank, a subsidiary banking unit of Bahrain headquartered Al Baraka Banking Group (ABG), said its operating income was up 27% to TRY 1.3 billion for the first nine months of 2014 compared to the same […] > read more

Dr. Fakhro applauds private sector contribution to economy

11/15/2014 15:01:17 PM

Manama: Industry and Commerce Minister Dr. Hassan Fakhro expressed government’s appreciation for all efforts undertaken by the private sector and its cooperation with the public sector in order to provide consumers’ requirements, noting in th > read more

Dr. Fakhro says private sector serves as engine of growth

11/15/2014 14:59:35 PM

Manama: Industry and Commerce Minister Dr. Hassan Fakhro praised all efforts and initiatives made by the private sector in order to enhance Kingdom position on commercial and investment level, alluding government and Ministry support to each step tha > read more

Minister assures support to global projects

11/15/2014 13:14:14 PM

Manama: Industry and Commerce Minister Dr. Hassan Fakhro affirmed Government’s continuous support to all global service projects that operate in the country, pointing to the government’s keenness to provide all aspects of support and assistan > read more

AmCham appoints two members to its board

11/15/2014 13:07:27 PM

Manama: American Chamber Bahrain announced the appointment of two new board members, David Caston, who serves as Tamimi Group Commercial Division Business Development Manager, and Zahraa Taher, Managing Director of FinMark Communications. “AmCham c > read more

Bahrain’s mobile penetration reaches 183% to 2.41m

11/15/2014 12:55:47 PM

Seef District, Kingdom of Bahrain: There has been surge in mobile telephone penetration in Bahrain reaching 183% at the end of Q3 with total number of 2.41 million mobile subscriptions, according to the Telecommunications Regulatory Authority’s > read more

Police arrests suspects in Zallaq arson incident

11/13/2014 17:26:46 PM

Manama: The General Director of Southern Governorate Police announced the arrest of two suspects in connection with a gas station arson attack in Zallaq on Thursday morning. The initial investigation indicated the identity of the suspects who set fir > read more

Police launches investigation into bank fire incident at Seef

11/13/2014 17:23:56 PM

The General Director of Capital Governorate Police announced that an investigation into a fire at a bank in the Seef district has been launched in order to identify the suspects and bring them to justice. The General Director stated that […] > read more

Over $186m garment exports to US, thousands of jobs at risk

11/13/2014 17:08:49 PM

Manama: With the Tariff Preference Level (TPL), a clause in the Bahrain-US FTA is set to expire by end of next year, over $186million garments sector exports and thousands of jobs are at risk if Bahrain fails to renew TPL […] > read more

Premier Jewellery, Watches & Pen Show open next week

11/13/2014 16:10:09 PM

Manama: The Bahrain International Exhibition and Convention Centre is all geared up to host the most-awaited and the largest jewellery and watch event in the Middle East, Jewellery Arabia 2014, which will be held under the patronage of His Royal [ > read more

KHCB swings back into black at end of Q3

11/13/2014 16:03:30 PM

Manama: Khaleeji Commercial Bank (KHCB), a prominent Islamic retail Bank in the Kingdom of Bahrain, announced achieving positive financial results in the third quarter for the nine months period ending 30th September 2014 registering a net profit of > read more

Ithmaar Bank reports net profit of $4.84m for nine months

11/13/2014 15:55:20 PM

Manama: Ithmaar Bank, a Bahrain-based Islamic retail bank, announced a total net profit of $4.84 million for the nine-month period ended 30 September 2014, compared to a net loss of $11.97 million reported for the same nine-month period last year. [& > read more

Ithmaar on track to become a premier Islamic bank

11/13/2014 15:50:21 PM

Manama: Bahrain-based Ithmaar Bank is on track to realising its commitment to becoming one of the region’s premier Islamic retail banks, according to bank’s Chief Executive Officer, Ahmed Abdul Rahim. “The 2014 financial results show stable, co > read more

BMI Bank offers broad range of one-stop financial services

11/13/2014 15:47:06 PM

Manama: BMI Bank, a subsidiary of Al Salam Bank Bahrain (ASBB), is offering its customers a dynamic and well-diversified one-stop financial service solution, according to a top official at the bank. “The services are backed by a strong paid-up capi > read more

SMEs continue to serve as backbone of the economy

11/12/2014 23:53:21 PM

Manama: Industry and Commerce Minister Dr. Hassan Abdulla Fakhro stressed the need for the development of micro, small, and medium enterprises especially in light of the support received from the Government. He was speaking as he chaired 19th meeting > read more

Emirates Group’s half yearly net profit up 1% to $607m

11/12/2014 23:45:35 PM

Dubai: The Emirates Group said that its half yearly net profit were up to AED 2.2 billion ($607 million) an increase of 1% over the last year’s results. In a statement, the Group said that it had witnessed steady performance […] > read more

$2b GCC grid averts major blackouts in region

11/10/2014 19:59:21 PM

Manama: The GCC electricity grid which was built with a cost of $2billion has averted major interruptions across the region, thanks to the efforts of the GCC Interconnection Authority. “GCC The latest performance indicators show that since commerci > read more

BNH’s net profit for nine months up 55% to BD3.63m

11/10/2014 19:36:46 PM

Manama: Bahrain National Holding Company (BNH) – the parent company of Bahrain National Insurance (bni) and Bahrain National Life Assurance (bnl) has announced an increase of 55% in net profit BD3.63 million for the nine-month period ended 30th Sep > read more

Standard Chartered unveils remote cheque printing facility

11/10/2014 19:31:34 PM

Manama: Standard Chartered, a market leader in electronic payments in Bahrain, takes yet another step towards digitization by launching Round the Clock Remote Corporate Cheque Printing facility for its clients across the Kingdom. This is considered t > read more

Foolproof security during Bahrain’s general elections

11/10/2014 16:55:41 PM

Manama: The Chief of Public Security Major-General Tariq Al Hassan announced on Monday that police are taking all necessary steps to protect the freedom and democracy initiatives of His Majesty King Hamad bin Isa Al Khalifa as approved by Bahraini [& > read more

ABG net income up 5% to $207m in nine months

11/10/2014 16:49:44 PM

Manama: Bahrain based leading Islamic banking major, Al Baraka Banking Group B.S.C (ABG), has achieved a net income of $207 million in the first nine months of 2014, an increase of 5% on the net income achieved in the first […] > read more

Bahrain’s fiscal deficit remains relatively high at 4.2%

11/10/2014 16:39:13 PM

Singapore: Bahrain’s fiscal deficit will likely remain relatively high at 4.2% in 2014, after reaching 4.3% of GDP in 2013, says Moody’s. As a result of these recurrent fiscal deficits, the stock of government debt increased to 43.5% of G > read more

Court jails two policemen for negligence in duty

11/09/2014 07:37:52 AM

MANAMA: The Assistant Undersecretary of Legal Affairs at the Interior Ministry announced that the third lower police court sentenced two community policemen with a month in jail after the police prosecution charged them of not performing their duties > read more

Public Security performs duties as a professional body

11/09/2014 07:35:05 AM

MANAMA: His Excellency the Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa, who offered his sincere condolences to the family of the man who died at the Reformation and Rehabilitation Center, termed the incident as an isola > read more

Interior Minister orders probe into death of inmate

11/09/2014 07:28:58 AM

MANAMA: The Interior Minister has ordered an internal review after the Public Prosecution’s investigation into the beating and death of an inmate at the Reformation and Rehabilitation Centre. The Assistant Undersecretary of Legal Affairs announ > read more

US envoy praises Bahrain’s role in combating terrorist financing

11/09/2014 07:21:36 AM

MANAMA: The Kingdom of Bahrain has emerged as the frontline state to combat the terrorist financing, according to US Ambassador Thomas Krajeski. Ambassador Krajeski, one the sidelines of the Conference on Combating the Financing of Terrorism (CFT), t > read more

Urban, housing development reflects leadership’s vision

11/09/2014 07:12:25 AM

MANAMA: The Minister of Housing on Sunday during the weekly Cabinet meeting emphasized the important role played by the political leadership to achieve urban and housing developments which are considered one of the government’s important priori > read more

Cabinet Okays air transport agreements during Bali Meet

11/09/2014 07:08:00 AM

MANAMA: The Cabinet on Sunday discussed and approved the memorandum presented by His Excellency the Minister of Transportation on the draft air transport agreements to be signed during the 7th International Air Service Negotiation Conference, which i > read more

ABC Islamic bank net profit up 25% to $11.4m

11/09/2014 06:58:58 AM

Manama: ABC Islamic Bank reported net profit for the first nine months of 2014 of $11.4 million, an increase of 25% than the $9.2 million recorded in the first nine months of 2013.Total operating income rose to $16.5 million, compared […] > read more

Bahrain pledges full support to combat terrorist financing

11/09/2014 06:53:38 AM

MANAMA: The Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, pledged full support to the international financial institutions in any CFT capacity building measures agreed upon during the Manama Meeting on Combating the Financing of Terroris > read more

Bahrain remains crucial in fight against terrorist financing

11/09/2014 05:15:44 AM

MANAMA: The Kingdom of Bahrain’s stature as a regional financial centre can be a catalyst in fight against terrorist financing, according to the British Ambassador to Bahrain. The British Ambassador Iain Lindsay on Sunday told The24X7News Bahrain ( > read more

Must stop illicit transfer of funds to terrorist organizations

11/09/2014 03:34:25 AM

MANAMA: The Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa on Sunday said that there should be global and coherent efforts to stop terrorist financing. “There is a pressing need to prevent the financing of terrorism and counter the [ > read more

Middle East airlines reports 15.8% growth in September

11/04/2014 14:16:33 PM

GENEVA: Middle East carriers once again recorded the strongest increase in international air travel, with a rise of 15.8% in September compared to a year ago, according to IATA statistics for September 2014. “Airlines here continue to benefit from > read more

BIS board member addresses PacINET2014

11/04/2014 13:35:06 PM

Manama: Bahrain Internet Society (BIS) Board member and Director of Strategic Alliances and Vice Chair of the Asian, Australasian and Pacific Islands regional at-large Organisation (APRALO) Leadership Team, Ali AlMeshal was a key speaker in both his > read more

eGA equips 21 trainees with necessary tools of job market

11/04/2014 13:11:45 PM

Manama: The eGovernment Authority recently completed a training programme for a number of graduates whom have completed university degrees. The eGA said that the initiative was a part of its commitment and corporate social responsibility towards the > read more

Cluttons-Impact Estate to launch freehold apartments

11/04/2014 13:01:20 PM

Manama: Cluttons and Bahrain based property consultants, Impact Estate joined forces to launch the sale of new luxurious freehold apartments at Orchid Plaza, a residential tower developed by Orchid Developers and Kadi Properties, which boasts panoram > read more

GFH sells prime London residential property

11/04/2014 12:51:57 PM

Manama: Bahrain-based Gulf Finance House (GFH) on Tuesday announced the sale of the Queen’s Gate Gardens property which it had acquired last year. “GFH would like to notify its shareholders and the markets that it’s fully owned subsidiary GFH-C > read more

Symantec-Deloitte launches Cyber Security Alliance

11/04/2014 12:41:33 PM

Symantec Corp. (Nasdaq: SYMC) joined forces with Deloitte for an innovative service enabling companies to outsource their cyber security to experts in the field for both technology and consulting services. The integrated offering will pair Symantec > read more

IIRA, Dagong assigns BBB+ investment grade rating to ABG

11/04/2014 12:25:34 PM

Manama: Islamic International Rating Agency (IIRA) and Dagong Global Credit Rating Company Limited (Dagong) jointly assigned an investment grade credit rating for Bahrain-based Al Baraka Banking Group (ABG) at BBB+ long term and A3 short term. IIRA a > read more

Counter-terrorism Global Meet opens next Sunday

11/04/2014 09:41:16 AM

Manama: Bahrain is set to host ON Sunday November 9 titled Manama Meeting on Combating Funding Terrorism. The event will witness large-scale international participation from more than 30 countries as well as regional and international organisations. > read more

Bahrain respects all religious sects

11/04/2014 09:39:24 AM

Manama: The Deputy Chief of Public Security asserted that the Interior Ministry respects all religious occasions and is keen on providing full security services during the holidays, stressing that those occasions should be marked without violence or > read more

Bahrain tells Iran stop issuing provocative statements

11/04/2014 09:37:50 AM

Manama: The Ministry of Foreign Affairs has strongly condemned the “provocative statements” made by the spokesperson of the Iranian Ministry of Foreign Affairs today against the Kingdom of Bahrain and categorically rejected any form of in > read more

Bahrain improves its ranking as top business friendly destination

11/03/2014 17:14:58 PM

Manama: The Kingdom of Bahrain has improved its ranking in the World Bank Doing Business Report. World Bank released its latest Doing Business 2015 report that measures the ease of doing business in 189 economies based on 11 business-related regulati > read more

UAE tops the ladder in World Bank Doing Business Report

11/03/2014 17:03:01 PM

Manama: The United Arab Emirates (UAE) has been ranked at the top in the World Bank Doing Business Report 2015. World Bank released its latest Doing Business 2015 report that measures the ease of doing business in 189 economies based […] > read more

Singapore remains world’s top business friendly destination

11/03/2014 16:51:31 PM

Singapore retained its top ranking with the highest consolidated scores followed by New Zealand and Hong Kong on the second and third positions, respectively, in the World Bank Doing Business Report 2015. World Bank released its latest Doing Business > read more

Middle East air cargo up 17% in September: IATA

11/03/2014 16:27:13 PM

GENEVA: Middle Eastern carriers reported growth in cargo volumes by 17%, a particularly strong result when compared with their average growth in demand for the year-to-date of 10.1%. Capacity expanded 14.5%, according to IATA statistics. The Internat > read more

Bahrain has impeccable record for holding fair, free elections

11/03/2014 16:15:29 PM

Manama: The Kingdom of Bahrain has impeccable record of holding fair, free and impartial elections, thanks to the leadership’s commitment to the democratic reforms. The State Minister for Information Affairs Sameera Rajab, who is also Official Spok > read more

HM King orders to establish health facility for public security

11/03/2014 16:08:44 PM

MANAMA: His Majesty King Hamad bin Isa al Khalifa issued directives to establish a health center fully equipped with latest facilities for the members of the public security. HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme [& > read more

MoW awards BD 31m tenders for infrastructure development

11/03/2014 16:03:47 PM

Manama: The Ministry of Works (MoW) had awarded tenders worth BD31.5 million during the third quarter of the year. The Cabinet reviewed the memorandum presented by the Minister of Works on the tenders that were awarded and/or offered during the [R > read more

Bahrain-Cuba to enhance co-operation

11/03/2014 15:56:10 PM

Manama: The Cabinet on Sunday discussed the memorandum presented by the Minister of State for Foreign Affairs on the signing of a Memorandum of Understanding (MoU) between the Ministry of Foreign Affairs in Bahrain and Ministry of Foreign Affairs the > read more

Minister rules out problem with building structure of Enma’a Mall

11/02/2014 08:06:52 AM

Manama: The State Minister for Information Affairs Sameera Rajab on Sunday said that the Kingdom of Bahrain has put in place stringent laws to check the quality of infrastructure especially related to public facilities. The Minister, who is also Offi > read more

Twelve polling stations for Bahrain’s general election

11/02/2014 04:11:22 AM

MANAMA: As Bahrain getting closer to the general polls, twelve general polling centres open their doors countrywide on November 22 from 8:00 am until 8:00pm for voters to cast their ballots in the upcoming parliamentary and municipal elections. The c > read more

BIBF launches state-of-the-art dealing room

10/29/2014 08:05:57 AM

BIBF’s state of the art dealing room went live during an event held under the patronage of Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain and Chairman of the Specific Council for Vocational Training, Banking Sector. BIBF’s [&# > read more

Batelco’s net profits up 11% to $108.5m in nine months

10/29/2014 07:55:28 AM

Manama: With subscribers base surged by 5% to 9.3 million, Batelco Group (Ticker: BATELCO), the international telecommunications Group with operations across 14 countries, on Wednesday said that its net profits were up 40% and 11% to $108.5 million i > read more

Rights Issue trading kick off at ADX

10/28/2014 00:41:41 AM

Abu Dhabi: Abu Dhabi Securities Exchange (ADX) has started applying Rights Issue trading. ADX approved Eshraq Properties, listed on ADX under the ticker symbol ESHRAQ, capital increase through a rights issue of the amounts of Dh600 million. The Dh600 > read more

Violence can’t derail Bahrain’s democratic pursuit

10/28/2014 00:32:26 AM

Manama: The Cabinet on Monday highlighted the Kingdom’s commitment to hold elections which built upon the foundation of universal norms in line with country’s constitution. His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prin > read more

AUB reports net profit of $376.3m in nine months

10/28/2014 00:30:43 AM

Manama: Bahrain-based Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its shareholders of $376.3 million for the nine months ended 30 September 2014. This reflected an increase of 30.1% over the core net profit of US$ 289.3 [̷ > read more

Bapco reviews operational excellence requirements

10/27/2014 18:21:37 PM

Awali: The Bahrain Petroleum Company (Bapco) and Chevron, Bapco received Chevron Operational Excellence Audit Leader Vicky Hobbs and Advisor Bill Sanderford on a three-day visit to the company, to arrange for its 2015 Operational Excellence Review re > read more

BCCI Chairman particiaptes in Arab-British Economic Forum

10/27/2014 18:14:27 PM

London: Chairman of Bahrain Chamber of Commerce and Industry Khalid Al Moayed has participated in the 2nd Arab-British Economic Forum which took place in London-UK. Al Moayed praised the depth of the economic and trade relations between the United Ki > read more

Training serves as a vital pillar to business growth

10/27/2014 18:07:02 PM

Manama: Industry and Commerce Minister Dr. Hassan Abdulla Fakhro stressed the importance of training as a key to the sustained business growth. The Minister was speaking as he opened Euro Gulf Events Protocol Co workshop organized by International Pr > read more

S&P assigns BBB- rating to DIFCI, outlook stable

10/27/2014 17:35:18 PM

Paris: Standard & Poor’s Ratings Services assigned its BBB- long-term corporate credit rating to Dubai-based real estate group DIFC Investments LLC (DIFCI). The outlook is stable. “Our rating reflects DIFCI’s stand-alone credit profile > read more

JIB reports $46.83m profit for Q3

10/27/2014 17:32:27 PM

Amman: Jordan Islamic Bank (JIB), a subsidiary banking unit of Bahrain-based Al Baraka Banking Group B.S.C. (ABG), has reported $46.83 million profit for the third quarter of the year. The Bank has announced the financial results achieved till 30 Sep > read more

Bahrain Bourse becomes the share registrar for Zain

10/27/2014 17:18:15 PM

Manama: Bahrain Bourse (BHB) and Zain Bahrain B.S.C. on signed an agreement to assign Bahrain Bourse as a share registrar for the shares of Zain Bahrain. The agreement was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa [̷ > read more

InterCont Regency Bahrain launches mobile application

10/27/2014 01:28:20 AM

Manama: InterContinental Regency Bahrain, one of the leading five star hotels in the Kingdom, announced the launch of their new fully integrated Mobile Application during a press conference that was held at the hotel. An official presentation of the > read more

Bahrain police arrests suspects in Sitra arson case

10/24/2014 21:39:08 PM

Manama: The Chief of Public Security, Major-General Tariq Al Hassan announced on Friday the arrest of four suspects in the arson attack on two cars of a parliamentary election candidate on October 20. The fire also damaged four other cars. […] > read more

BCFC raises $53m from the market

10/24/2014 21:36:24 PM

Manama: Bahrain Commercial Facilities Company BSC (BCFC) has successfully closed a US$53 million floating rate, unsecured note issuance due in 2019. Arab Banking Corporation (ABC) was the sole Lead Manager. Trowers & Hamlins acted as lead counsel to > read more

Arson attacks on buildings cause BD6m loss

10/24/2014 20:53:47 PM

Mamama: The initial estimates of the losses incurred as the result of arson attacks on public infrastructure including the municipality building of the Northern Governorate located in Jidhafs which was set on fire by using highly flammable materials > read more

Island dispute may spark China-Japan war

10/24/2014 20:40:03 PM

There is an appreciable risk of war between China and Japan over the Senkaku/Diaoyu Islands, into which the US would be drawn, according to a new publication from the International Institute for Strategic Studies (IISS). Conflict is genuinely possibl > read more

Culprits face tough penalties for attacking candidates

10/24/2014 20:33:55 PM

Manama: Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa said that violators of the law who intimidate or threaten the candidates would face the harshest penalties that the law allows. The Minister said that the upcoming par > read more

Police Chief confirms arson attack on official building

10/24/2014 20:28:50 PM

Manama: The Chief of Public Security, Major-General Tariq Al Hassan provided an update on the details of the arson attack on the Jid Hafs municipality building that occurred on October 16. The Chief said four suspects had been arrested for […] > read more

Bahraini MP’s house burned in arson attack

10/24/2014 20:24:46 PM

The General Director of Northern Governorate Police announced that two cars of the former MP Ali Ahmed Al Dirazi were destroyed and his house was damaged in an arson attack in the Diraz area. The operations room received a call […] > read more

Extra-judicial killings of Sunnis in Iraq on the rise

10/24/2014 20:20:50 PM

Media reports provide credible evidence that intimidation and extra-judicial killings of Sunnis have significantly increased since the summer, with evidence of complicity by Shia militias, according to IISS analysis. “Employment of Shia militias in > read more

Ayadi Diyar Homes Villa won by a Bahraini

10/22/2014 10:09:59 AM

Bahrain: BMI Bank, a subsidiary of Al Salam Bank – Bahrain, announced that Mohammed Ebrahim Alattar is the fourth Ayadi grand prize winner of a luxurious three-bedroom Diyar Homes Villa. In addition, the savings scheme has also awarded five luc > read more



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