Kalaam Telecom to double its growth after acquisition

MANAMA: Bahrain-based Kalaam Telecom, the first alternative telecommunications provider, is upbeat to double its market share as I..

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Kalaam Telecom to double its growth after acquisition

04/15/2014 13:24:01 PM

MANAMA: Bahrain-based Kalaam Telecom, the first alternative telecommunications provider, is upbeat to double its market share as ISP provider from 17% to 34% in addition to strengthening its revenues and profitability levels in next three years. Kala

Iranian economy likely to see 6% to 8% growth

04/15/2014 13:02:18 PM

LONDON: Iran’s economy could see 6 to 8 percent growth, according to a new economic scenarios report released by IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. IHS will discuss growth opportunities across multi

A convicted criminal dies as bomb goes off accidently

04/15/2014 12:57:43 PM

MANAMA: The General Director of Criminal Investigation and Forensic Science announced on Monday that the investigation into the Eker fire on April 1 that killed one man determined that the fire was caused by the detonation of a bomb that […]

HM King concludes successful visit to Kazakhstan

04/15/2014 12:52:17 PM

MANAMA: His Majesty King Hamad bin Isa Al Khalifa returned to the Kingdom of Bahrain following an official state visit to the Republic of Kazakhstan, at the invitation of the President Nursultan Nazarbayev of Kazakhstan. HM the King, upon arrival [&#

Bahrain- Kazakhstan to bolster trade, economic, investment ties

04/15/2014 12:47:28 PM

ASTANA: The Kingdom of Bahrain and Republic of Kazakhstan on Tuesday resolved to explore further avenues of co-operation to bolster the existing brotherly ties between the two sides. His Majesty King Hamad bin Isa Al Khalifa has concluded an historic

Police arrests suspects in Adliya car bomb case

04/14/2014 15:05:59 PM

MANAMA: The General Director of Criminal Investigation and Forensic Science announced the arrest of a number of individuals suspected of detonating a homemade bomb in a car on April 6 in Adliya. He said investigators responded to the scene, launched

ABG supports major Islamic banking conference

04/14/2014 15:03:40 PM

MANAMA: Bahrain-based leading Islamic banking group Al Baraka Banking Group (ABG) is a platinum partner for the activities of two-day Annual Islamic Banking and Finance Conference organized by the Accounting and Auditing Organization for Islamic Fina

GFH board gives nod for $500m sukuk

04/14/2014 14:49:15 PM

MANAMA: The shareholders of the Gulf Finance House (GFH), the Bahrain based Islamic investment bank, on Monday during the ordinary and extraordinary general meetings of the Bank gave approval for launch of the $500million sukuk. The shareholders also

Alba achieves 2m work hours without LTI

04/14/2014 14:45:16 PM

MANAMA: Aluminium Bahrain B.S.C. (Alba) said that it had achieved 2,000,000 work hours without loss time injury (LTI), thus demonstrating the company’s progress in achieving a zero accident work environment for employees across the plant. Alba’s

Russia-Ukraine gas war may prompt EU bailout

04/14/2014 14:36:00 PM

The risk of Russian military intervention in Ukraine ratcheted up a notch over the weekend as pro-Russian protesters clashed with Ukrainian security forces in eastern Ukraine, resulting in several fatalities, according IHS Energy report released on T

Bahrain’s constitution doesn’t condone torture

04/14/2014 14:21:05 PM

MANAMA: His Excellency Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa on Monday said that there was no provision in constitution to condone torture. The Minister asserted on Monday that torture is banned by the constitutio

Six face legal action over staging riots

04/14/2014 14:16:40 PM

MANAMA: The General Director of Northern Governorate Police announced on Monday that legal action has been taken against six rioters in Daih village. He said that the suspects, who are minors, were referred to the public prosecution and that they [&#

Fitch affirms BMB Investment Bank at B-

04/14/2014 14:14:21 PM

London: Fitch Ratings has affirmed and withdrawn BMB Investment Bank’s (BMB) long-term issuer default ratings (IDR) at B- with negative outlook. Fitch has withdrawn the ratings as BMB has chosen to stop participating in the rating process. Ther

UAE beats BRICS in Social Progress Index rankings

04/13/2014 04:10:49 AM

MANAMA: The United Arab Emirates and Kuwait ranked higher than BRICS in the Social Progress Index 2014. The UAE ranked 37th and Kuwait 40th ahead of the BRICS countries Brazil 46th, South Africa 69, Russia 80th, China 90th and India […]

Canada tops the ladder in social ranking among G8

04/13/2014 04:08:41 AM

MANAMA: Canada is the best performing G8 country in the Social Progress Index rankings. The United States finishes 16th behind Canada (7th) and the UK (13th) and Russia ranked 80th in the Index, below the Ukraine (62nd) and Georgia (66th). […]

Economic growth doesn’t propel social advancement

04/13/2014 04:04:08 AM

MANAMA: Economic growth does not always result in social progress, according to a major new global index, the Social Progress Index. The Index was published by the nonprofit Social Progress Imperative, and released last week at the Skoll World Forum

Saudi Arabia records lowest suicide rate globally

04/13/2014 04:01:40 AM

MANAMA: The Kingdom of Saudi Arabia ranked first among the 132 countries in lowest suicide rate (deaths per 100,000), according to the Social Progress Index findings. The report says Lebanon ranks 25th in terms of life expectancy among the 132 [̷

FDI in UAE to cross $14.4b in 2014

04/12/2014 14:35:32 PM

Dubai, UAE: Foreign Direct Investment (FDI) in the UAE reached US$ 12 billion in 2013 and is projected to grow 20 percent in 2014 to reach US$ 14.4 billion, according to Fortress Investments report. The estimated growth rate in 2014 […]

TRA achieves EFQM for excellence

04/12/2014 14:33:30 PM

Seef District: Telecommunications Regulatory Authority (TRA) Bahrain has achieved an evaluation by an assessor from the European Foundation for Quality Management (EFQM) and has been awarded with a certificate for EFQM Commitment to Excellence. “An

A Bahraini mother wins Ayadi Diyar Homes Villa

04/12/2014 14:30:23 PM

MANAMA: Bahraini retail and commercial banking institute, BMI Bank, awarded Sabria Mohamed Shakib with this year’s first grand prize, a three-bedroom Diyar Homes Villa, making the mother of four the happiest woman with her first ever win. Additiona

Sale of Investment Gateway Bahrain kicks start

04/12/2014 14:26:52 PM

MANAMA: Manara Developments, the Kingdom’s leading realty developer announced the kick start of the sale of phase two of the Investment Gateway-Bahrain project. This follows a remarkable success achieved in phase one of Sales of the project whi

VIVA introduces Samsung Galaxy S5

04/12/2014 14:24:17 PM

Manama: VIVA Bahrain has introduced Samsung’s latest smartphone, Galaxy S5 being offered with a range of Unlimited Smart plans and flexible payment options, along with its new family of Gear smart watches. VIVA customers will be able to experience

Ithmaar announces thousands of Thimaar winners

04/12/2014 14:20:46 PM

Manama: More than five million dollars in prize money has been distributed to more than four thousand winners since Ithmaar Bank, a Bahrain-based Islamic retail bank, launched Thimaar, a prize-based saving account, in September 2010. Thimaar, Arabic

IATA pushes for stronger laws for unruly passengers

04/12/2014 10:02:15 AM

Geneva: The International Air Transport Association (IATA) is calling on governments to ratify important changes to the Tokyo Convention 1963 which were agreed at a diplomatic conference in Montreal last week. “The Tokyo Convention provides the

Dubai’s economic recovery on the right path

04/12/2014 07:14:36 AM

UAE: Dubai’s economic growth recovery is becoming more broad-based and gaining pace, according to a Bank of America Merrill Lynch report. BofA Merrill Lynch Global Research, titled, “BofA GEMs Daily – Brazil improvement, UAE recovery, China

No quick solution to GCC-Qatar diplomatic row

04/12/2014 07:01:38 AM

Dubai: There is no quick resolution to the GCC-Qatar diplomatic row, according to an expert. BofA Merrill Lynch Global Research, titled, “BofA GEMs Daily – Brazil improvement, UAE recovery, China capital flows highlighting the importance of r

Batelco Group eyes more acquisitions

04/11/2014 13:41:11 PM

MANAMA: Batelco Group, the regional Telecommunications Group with operations across 14 countries, which had acquired Ali Alghanim & Sons General Trading and Contracting Company 46% shareholding in Quality Net said that it would continue to seek expan

BCCI members approves 2013 annual report, financials

04/11/2014 13:37:55 PM

MANAMA: The annual general assembly of the Bahrain Chamber of Commerce and Industry (BCCI) has approved the financial statement and the annual report during a meeting on Thursday. It may be noted that it was the first time in the […]

Batelco becomes the 1st to launch Galaxy S5

04/10/2014 18:36:40 PM

MANAMA: Batelco, the Kingdom’s leading telecommunications service provider proudly announced the arrival of the Galaxy S5 4G LTE, the first provider in the Kingdom to deliver the much hyped device. Samsung Galaxy S5 which is water and dust resistan

EDB remains committed to improve citizens’ quality of life

04/10/2014 18:34:44 PM

MANAMA: His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince, Deputy Supreme Commander and Chairman of the Economic Development Board (EDB), said that the ultimate goal of the EDB was to improve the quality of life for Bahraini citizen

China’s Liaoning Ballet performs in Bahrain

04/10/2014 18:32:42 PM

MANAMA: Liaoning Ballet of China took the stage on Thursday at Bahrain National Theatre with an enthralling show that was presented as part of the Spring of Culture and within the framework of the Chinese cultural week to celebrate the […]

Britain praises Bahrain’s human rights record

04/10/2014 18:31:38 PM

MANAMA: Bahrain’s strides in the human rights field in 2013 have been praised by Britain. The British Foreign Office lauded the efforts of the government in carrying out its reform schemes mainly in the judicial and security field. This, it [&#

Silk Road Expo opens in Manama

04/10/2014 18:29:59 PM

MANAMA: An exhibition celebrating the legendary Silk Road opened on Thursday evening at the Arts Centre as part of the Chinese Cultural Week. Culture Minister Shaikha Mai bint Mohammed Al-Khalifa and Chinese Ambassador to Bahrain Li Chen inaugurated

Gulf Air to resume Athens flights

04/10/2014 18:26:11 PM

MANAMA: Gulf Air, the national carrier of the Kingdom of Bahrain, said that it would be resuming its flights to the Greek capital, Athens, with 4 weekly flights to Athens International Airport starting on the 16th of June. Gulf Air’s […]

Industrial sector serves as a key to development

04/10/2014 18:24:19 PM

MANAMA: His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, highlighted the importance of industrial sector in reshaping the national economy. HRH made these remarks during a

Bahrain-China enjoys deep-rooted ties

04/10/2014 18:22:55 PM

MANAMA: The Minister of State for Foreign Affairs, Ghanim Fadhl Al-Buainain, has affirmed the keenness of the wise leadership on reinforcing the country’s cooperation ties with the People’s Republic of China in all fields, which has ultimately re

Bahrain holds human rights in highest esteem

04/10/2014 18:20:34 PM

MANAMA: Bahrain is resolved to modernise its executive procedures and bring national legislations in line with international human rights standards, Minister of State for Information Affairs and Government’s Official Spokesperson Sameera Ibrahi

BNP Paribas plays a key role in banking sector

04/09/2014 14:23:07 PM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa highlighted the role played by the global banking players in bolstering Bahrain’s national economy. This was stated by HRH following the talks held at Gudaibiya Pala

Building synergies among ICT Cos serve as a key to success

04/09/2014 14:15:15 PM

MANAMA: Building global partnerships is one of key goals of the Ministry of Communications to keep abreast with the developments in the ICT and technology sectors. This was the crux of the remarks delivered by Shaikh Fawaz bin Mohammed Al […]

VIVA sets a stage for producing Manchester United players

04/09/2014 14:00:25 PM

MANAMA: The highly successful community-development initiative from VIVA Bahrain Manchester United Soccer Schools (MUSS) has set a stage for producing Manchester United level players from Bahrain, according to a soccer legend. “I’ve been amazed b

Alba sales up 3.1% to 226,472mt in Q1

04/09/2014 13:13:19 PM

MANAMA: Aluminium Bahrain (Alba) on Wednesday reported strong sales figures for the first quarter up 3.1% year-on-year (YoY) to 226,472 metric tonnes (mt) while production figures were up by 2.1% YoY to reach 232,298 mt ahead of the company’s own [

BA bolsters Jeddah frequency with a daily flight

04/08/2014 17:44:22 PM

Saudi Arabia: British Airways bolstered its commitment to Saudi Arabia with the introduction of a Boeing 777-200 on its Jeddah route. The aircraft complete with the airline’s award winning First class cabin, touched down at King Abdulaziz Internati

Fitch affirms JIB, BOJ at BB-; outlook negative

04/08/2014 17:37:36 PM

London: Fitch Ratings has affirmed Jordan Islamic Bank (JIB) and Bank of Jordan’s (BOJ) Long-term foreign currency Issuer Default Ratings (IDR) at ‘BB-’. The outlooks are negative. Both JIB and BOJ’s IDRs are driven by their i

FDI’s and its growth prospects in focus at AIM 2014

04/08/2014 16:57:04 PM

Dubai: The Annual Investment Meeting (AIM 2014) was opened on Tuesday by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai at the Dubai International Convention and Exhibition Centre. The opening [

Dubai real estate sector is ripe for investments

04/08/2014 16:47:16 PM

The 10th International Property Show, which coincides with the Annual Investment Meeting 2014, opened on Tuesday at the Dubai International Convention and Exhibition Centre (DICEX), with participation of over 300 companies from 80 countries. The24X7N

Mid-year reinsurance renewals face major price drop

04/08/2014 16:35:11 PM

April reinsurance renewals resulted in a bigger-than-expected drop in prices and suggest that there will be another double-digit fall in rates for Florida in the key June renewals, according to Fitch Ratings. “But overall reinsurance spending m

Experts discuss regionalism, multilateral trading systems

04/08/2014 16:31:18 PM

Manama: The International Institute for Strategic Studies (IISS) adjourned a high-level conference titled ‘Trade and Flag: The Changing Balance of Power in the Multilateral Trading System’ on Tuesday afternoon in Bahrain. The conference debated i

BBWS hails Deema’s appointment to EDB board

04/08/2014 16:23:24 PM

MANAMA: Bahrain Businesswomen Society (BBWS) on Tuesday hailed the appointment of Deema Al Haddad to the Economic Development Board as recognition of women being part and parcel of the mainstream Bahraini society. The BBWS thanked Crown Prince His Ro

AAOIFI plans to revamp CIPA certification programme

04/08/2014 04:05:56 AM

MANAMA: Bahrain-based AAOIFI to revamp its flagship global Islamic accounting qualification Certified Islamic Professional Accountant (CIPA), thanks to the Waqf Fund sponsorship, according to a statement issued on the behalf of the Waqf Fund. “

Vertis, ExecuJet to roll out charter flights in Europe

04/08/2014 04:00:02 AM

MANAMA: Vertis Aviation and ExecuJet, two of Switzerland’s leading business aviation providers, will introduce the first European-based Gulfstream G650 to the charter market. The revered intercontinental range G650 business jet will be delivered to

Middle East debt market slips 67% to $4b in Q1

04/08/2014 03:58:05 AM

Dubai: Middle Eastern debt issuance reached US$4.0 billion during the first quarter of 2014, down 67% from the same period in 2013 and the lowest quarterly total since the third quarter of 2011, according to an expert. “It is the […]

Zain Bahrain IPO kicks off by mid-April

04/07/2014 02:42:43 AM

MANAMA: Zain Bahrain plan to launch its IPO by mid of this month as the Company completes the legal formalities in this regard. The Minister of State for Communications, Sheikh Fawaz bin Mohammed Al Khalifa, said that the Kingdom’s open […]

Diseases claim over one million lives a year

04/07/2014 02:34:38 AM

New York: Every year more than one million people die from diseases carried by mosquitoes, flies, ticks and other insects, such as triatomine bugs, according to UN estimates. As we mark the World Health Day today on Monday April 7th, […]

Saif bin Zayed visits UAE forces in Bahrain

04/07/2014 01:40:14 AM

MANAMA: Lt. General His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior visited UAE forces stationed in Bahrain. His Highness Sheikh Saif on Sunday visited the headquarters of the Emirati force participating i

Prince Waleed visits his media conglomerate offices

04/07/2014 01:26:22 AM

MANAMA: His Royal Highness Prince Al-Waleed bin Talal Al Saud, the owner of Al-Arab news channel, took a tour of the channel’s main headquarters at Bahrain World Trade Centre in Manama. He was accompanied by the State Minister for Information [

Cabinet seeks probe into media accusations

04/07/2014 01:20:35 AM

MANAMA: The cabinet has requested the Ministerial Committee for Legal Affairs to investigate the accusations made by a local newspaper against the Minister of State for Information Affairs. Speaking during the weekly post-cabinet meeting press briefi

Success of F1 vote of confidence in Bahrain’s stability

04/07/2014 01:11:36 AM

MANAMA: The Cabinet has welcomed holding the Formula One race in Bahrain and the Kingdom’s guests, noting that the race reflects a global vote of confidence in the kingdom’s distinguished potentials in the tourism, sports, security and ec

Prince Waleed applauds Bahrain’s cultural heritage

04/07/2014 01:02:43 AM

MANAMA: His Royal Highness Prince Alwaleed bin Talal Al-Saud visited the Heritage Festival and toured Bahrain National Museum, accompanied by Culture Minister Shaikha Mai bint Mohammed Al-Khalifa. HRH Prince Alwaleed bin Talal Al-Saud arrived in the

Bank leaks classified info to media: Investigators

04/07/2014 00:57:30 AM

MANAMA: Investigations carried out by the committee in charge of probing an information leak which led to the disclosure of a list of names working as trainers within the framework of security cooperation between Bahrain and Jordan in some newspapers

Bahrain offers excellent health, education services

04/07/2014 00:54:46 AM

MANAMA: His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister emphasized that the Government spares no effort to maintain the advanced levels accomplished in services fields in the Kingdom topped by education and health services.

HRH Prince Salman honours F1 GP 2014 winners

04/07/2014 00:50:14 AM

MANAMA: His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince and Deputy Supreme Commander, on Sunday crowned the winner of this year’s 2014 Gulf Air Bahrain Grand Prix champion Lewis Hamilton from Mercedes’ AMG Petronas team. H

Hospitality sector remains vital for national economy

04/05/2014 05:28:41 AM

MANAMA: Industry and Commerce Minister Dr. Hassan Fakhro on Saturday highlighted the importance of role played by the hospitality sector in the development of the national economy. The Minister noted that during follow up the development of commercia

Minister gets update on commercial, retail activity

04/05/2014 05:25:23 AM

MANAMA: Within his ongoing efforts to follow up the local markets and various commercial facilities in the country, Industry and Commerce Dr. Hassan Fakhro accompanied by a number of Ministry officials visited Bahrain City Centre. General Manager of

Batelco-Huawei welcomes Chinese envoy at BIC

04/05/2014 05:19:29 AM

Batelco, the official telecommunications partner of Bahrain International Circuit, together with Huawei, a leading global information and communications technology solutions provider, welcomed the Chinese Ambassador Li Chento Batelco’s Lounge at th

RHB launches silent killer awareness campaign

04/05/2014 05:16:06 AM

MANAMA: In response to the alarming rise of “ the silent killer diseases including the diabetes, hypertension or high blood pressure and obesity in Kingdom of Bahrain and the region, RBH Medex Medical Center has led an innovative public awareness [

Minister orders probe in release of confidential info

04/05/2014 04:54:25 AM

MANAMA: Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa has ordered a probe panel to be set up to investigate the publication online and in some newspapers of a list of names of trainers working as part of the […]

Bahrain to bolster its status as MICE destination

04/05/2014 04:51:55 AM

MANAMA: The Kingdom of Bahrain to bolster its status as leading meeting, incentives, conferences and exhibition (MICE) hub in the region. Industry and Commerce Minister Dr. Hassan Fakhro reaffirmed government’s strategy to host all meaningful e

Government assures support to NGOs

04/05/2014 04:48:55 AM

MANAMA: Minister of Industry and Commerce, Dr Hassan Abdullah Fakhro, reiterated the support of the government to all voluntary activities and programmes of NGOs that aimed at serving the nation and citizens. This was highlighted during his visit to

VIVA brings Peter Schmeichel to Bahrain

04/05/2014 04:07:40 AM

MANAMA: VIVA Bahrain is bringing to the Kingdom one of the world’s most renowned goalkeepers, Peter Schmeichel, to celebrate the launch of the fourth season of its community development program, Manchester United Soccer Schools (MUSS). The launch e

GPIC wins British Safety Council Award 2014

04/05/2014 03:55:05 AM

LONDON: Bahrain-based Gulf Petrochemical Industries Company (GPIC) has won the 2014 International Safety Awards, according to the British Safety Council. The British Safety Council has announced the names of the International Safety Award winning org

BIC makes history by hosting F1 night race

04/05/2014 02:57:38 AM

MANAMA: Bahrain International Circuit (BIC) yesterday made a history by hosting region’s first nighttime F1 race at Sakhir. The BIC track shone bright under the stars on Friday evening as the 2014 Formula One Gulf Air Bahrain Grand Prix flagged

Al Baraka Algeria reports $51m net income

04/03/2014 01:23:10 AM

MANAMA: Al Baraka Bank Algeria, a subsidiary banking unit of Bahrain-based Al Baraka Banking Group (ABG), said that its total operating income reached $102 million in 2013. “After deducting operating expenses which grew by 10%, net operating in

IIRA assigns fiduciary ratings to IIC

04/03/2014 01:16:26 AM

MANAMA: Bahrain-based Islamic International Rating Agency (IIRA) has assigned a national scale Takaful Financial Strength (TFS) rating of ‘A (jd)’ (Single A) to Islamic Insurance Company Jordan (IIC). Outlook on the assigned rating is ‘Stable

Batelco completes repurchase of $200m bond

04/03/2014 01:14:00 AM

MANAMA: Batelco Group (Ticker: BATELCO), the international Telecommunications Group with operations across 14 countries, announced the successful completion of a tender offer of up to $200 million to repurchase a portion of the Guaranteed Notes due 2

Microsoft -BDB joins hands for Imagine Cup 2014

04/03/2014 01:10:33 AM

MANAMA: Microsoft Bahrain announced that the Bahrain Development Bank is supporting the 2014 round of Imagine Cup Competition in Bahrain. Under this partnership, BDB will provide the teams shortlisted to participate in the local finals, advisory serv

Lower passenger turnout bites money exchange business

04/03/2014 00:58:14 AM

MANAMA: Relatively lower turnout of passengers at the Bahrain International Airport (BIA) in 2013 has impacted the money exchange business, according to a senior official at Travelex USA. “Overall business is doing fine with Travelex having pre

All new Porsche Macan hits Bahrain market

04/03/2014 00:19:04 AM

MANAMA: The world’s first sports car in the compact SUV segment, the Macan, has been revealed to an excited audience by Porsche Centre Bahrain, Behbehani Brothers w.l.l., at an exclusive event held at The Gulf Hotel in Manama, on Tuesday. […]

KIA sales up 40% in Bahrain in 2013

04/03/2014 00:15:42 AM

MANAMA: KIA brand has emerged as one of the fastest growing automotive brands in Bahrain with an increase in sales of 40% in 2013 over 2012, thanks to A. A. Bin Hindi, exclusive dealer of KIA motors. Bin Hindi opened […]

Bahrain gets connected with TATA cable

04/02/2014 23:56:42 PM

MANAMA: The Bahrain Internet Exchange (BIX) has announced the launch of its new submarine cable system the TGN GC which will connect the Kingdom of Bahrain and other Gulf countries to India and the rest of the world. The project, […]

Whelan takes over as new Group CEO Batelco

04/02/2014 15:40:19 PM

MANAMA: Batelco Group, the international telecommunications Group with operations across 14 countries, on Wednesday announced the appointment of Alan Whelan as new Chief Executive Officer for the Group. Taking on the role of Group CEO is Alan Whelan,

Death in a fire incident under scrutiny

04/02/2014 01:30:46 AM

MANMAMA: The Director-General of the Central Governorate Police said that the Operations Room had received a call reporting a fire in West Eker. He added that the relevant security bodies were deployed to the scene where they found a charred […

Foolproof security during Bahrain F1 Grand Prix

04/02/2014 01:18:52 AM

MANAMA: Chief of Public Security Major General Tariq Hassan Al Hassan on Tuesday reiterated that there would be a foolproof security during the upcoming F1 Grand Prix in Bahrain. The Security Chief said that in terms of Interior Ministry security [&#

Bahrain to bolster security, defence ties with US

04/02/2014 01:11:10 AM

MANAMA: His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, n Tuesday highlighted the Kingdom’s commitment to enhancing cooperation with the US in various of fields, in part

Jordan keen on enhancing ties with Bahrain: PM

04/02/2014 01:03:59 AM

AMMAN: Prime Minister of Jordan, Abdullah Al-Nasoor, on Tuesday highlighted his country’s keenness to strengthen and increase the level of cooperation in all spheres in the interest of the two countries and their people. The Prime Minister was

Conspiracy fails to push Bahrain into a chaos

04/02/2014 00:57:04 AM

AMMAN: Radical groups serving systematic agendas have failed to push Bahrain in the cauldron of political and sectarian conflicts, according to Minister of State for Information Affairs and Government’s Official Spokesperson Sameera Ibrahim bin Raj

HM King commends ILO’s stance on Bahrain

04/02/2014 00:48:38 AM

MANAMA: His Majesty King Hamad bin Isa Al Khalifa on Tuesday commended the ILO decision on dropping charges against Bahrain on labour issues. HM King received at Safriya Palace Labour Minister Jamil bin Mohammed Humaidan who presented him with a [

GCC remains vulnerable to an emerging market slowdown

03/31/2014 04:41:38 AM

The Gulf States’ rising trade and investment links with emerging Asian markets increase their economic dependence on global growth and exposure to foreign shocks, according to S&P report. Standard & Poor’s economists in a report published

Global investors remain suspicious of GCC

03/31/2014 04:39:17 AM

Global investors remain suspicious of Gulf Co-operation Council countries, according to a new report by The Economist Intelligence Unit. The report found that this was despite many of its member countries pursuing policies to attract investment and a

Al Ahlia to keep its setup after BNI takeover

03/31/2014 04:30:33 AM

MANAMA: Bahrain-based Al Ahlia to keep its setup as an independent insurance entity after the proposed takeover of a controlling stake by the BNI Group, a top official in Al Ahlia told The24X7News (www.twentyfoursevennews.com) on Monday. “It has be

Media urges to play a constructive role

03/30/2014 15:01:08 PM

MANAMA: Newspapers and media outlets have been urged to play a constructive role in the society by upholding the professional values and ethics. State Minister for Information Affairs Samira Ibrahim bin Rajab, the government’s official Spokespe

HM King Hamad pays visit to BDF HQ

03/30/2014 14:58:00 PM

MANAMA: His Majesty King Hamad bin Isa Al Khalifa paid a visit to the General Command Headquarters of Bahrain Defence Force (BDF), where he was received by BDF Commander-in-Chief Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa, Chief of staff [R

SMEs, small-scale traders need LMRA levy respite

03/30/2014 14:52:43 PM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa stressed the need of continuing efforts to reduce the burdens faced by contractors, small-scale traders and owners of small and medium-sized enterprises regarding their un

King Abdulla bin Abdulaziz is a role model

03/30/2014 14:48:56 PM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has described the Custodian of the Two Holy Mosques King Abdulla bin Abdulaziz Al Saudi as a role model in leading his country and preserving the interests, security [R

Al Baraka Bank Egypt net income up 22% to EP166m

03/30/2014 14:22:35 PM

Al Baraka Bank Egypt, a subsidiary banking unit of Bahrain-based Al Baraka Banking Group B.S.C. (ABG), said that its net income increased by 22% to Egyptian Pound 166 million in 2013. The bank said it continued upward trends in 2013 […]

Juffair Heights offers attractive RoI to investors

03/30/2014 11:45:52 AM

MANAMA: The BD28.5million Juffair Heights project offers gross return on investments of 9.5% per annum with roughly 7.5% net return per annum, according to a property owner and developer. “Since the real estate sector is getting stabilised there ha

Ithmaar Bank remains upbeat on 2014 turnaround

03/30/2014 11:37:48 AM

MANAMA: With main thrust remains on core business and retail banking, Ithmaar Bank Bahrain-based Islamic retail bank, remained upbeat on turnaround in 2014 with relatively a better year 2015, it was revealed during the bank’s annual general assembl

Bahrain real estate sector is ripe for investments

03/30/2014 09:44:53 AM

MANAMA: With a huge back log for public housing and rising demand for quality affordable housing units has boosted the investor confidence in Bahrain’s realty sector, according to a leading property developer. “There has been a significant demand

Police busts Molotov cocktails factory

03/30/2014 02:53:08 AM

MANAMA: The Director-General of the Capital Governorate Police has announced the confiscation of a number of Molotov cocktails from the flat in a Housing Ministry building in Sanabis on Saturday. He said a call was received by the operations room [&#

$11b takaful industry treads on a bumpy road

03/27/2014 00:50:37 AM

DUBAI: The Takaful industry attracted nearly US$ 11 billion in gross contributions worldwide in 2012 and recent reports indicate that the industry is expected to grow by 16% annually in the coming years to hit US$ 17 billion by 2015, […]

PineBridge acquires 50% stake in Romatem

03/26/2014 23:53:42 PM

MANAMA: PineBridge Investments Middle East (PBME), a global multi-asset class investment manager with regional headquarters in Bahrain, has acquired a 50% equity stake in Romatem, the leading physical therapy and rehabilitation services chain in Turk

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