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ABG and its subsidiaries receive global accolade

10/21/2014 00:44:44 AM

Manama: Bahrain based leading Islamic banking group Al Baraka Banking Group (ABG) and five of its subsidiary banking units received the “Best Islamic Financial Institution” Award of 2014, as part of the annual awards that the Global Finan > read more

Ithmaar Bank employees achieve excellence

10/21/2014 00:35:42 AM

Manama: Ithmaar Bank, a Bahrain-based Islamic retail bank, honoured employees who had exceeded their targets by presenting each a trophy and a certificate of appreciation at special awards ceremony. The ceremony, which was hosted by Ithmaar Bank Chie > read more

BBK’s net profits up 8% to BD37.3m

10/21/2014 00:28:44 AM

Manama: BBK board of directors approved the reported net profit of BD37.3 million for the nine months ended 30th September 2014,representing an8% increase over the same period of last year; with an earnings per share of 37fils(2013: 34fils per share) > read more

ISIL oil revenues estimated at $800m

10/21/2014 00:19:21 AM

Washington: Current oil production by the Islamic State in the Levant (ISIL) is estimated to be worth $800 million per year, equivalent to more than $2 million per day, according to new estimates by IHS (NYSE: IHS), the leading global […] > read more

GCC economies on the right path of growth

10/20/2014 23:17:01 PM

Manama: GCC economies are perusing investments in the right direction, addressing infrastructure needs and investing in sectors that will create more opportunities in the long run. However, diversification remains fundamental to the region’s econom > read more

Takaud gets new CEO

10/20/2014 01:54:22 AM

Manama: Bahrain-based TAKAUD, the specialist savings and pensions provider for the MENA region, announced the appointment of Luc Métivieras its new Chief Executive Officer. Métivier takes over from acting Chief Executive Officer Eric Van Biesen, wh > read more

Bahrain to introduce new law on stalled realty projects

10/19/2014 16:49:00 PM

Manama: The Cabinet during its weekly meeting discussed a new law to settle the installed real estate and development projects. The Minister for Information Affairs and the Government’s Official Spokesperson Sameera Ibrahim bin Rajab during a m > read more

Bahrain to further develop its telecom excellence

10/19/2014 16:47:05 PM

Manama: The Kingdom of Bahrain has achieved excellence in telecom services, the State Minister for Telecommunications Affairs Shaikh Fawaz told the Cabinet meeting on Sunday. The Minister for Information Affairs and the Government’s Official Sp > read more

Bahrain Cabinet praises swift electoral process

10/19/2014 16:36:18 PM

Manama: Bahrain Cabinet on Sunday praised the electoral bodies for maintaining a swift and easy process for candidates for filing the nomination papers to participate in the upcoming municipal and parliamentary elections across all electoral district > read more

Akyumen Technologies to establish a facility in Bahrain

10/18/2014 03:09:25 AM

Industry and Commerce Minister Dr. Hassan Fakhro held talks with a team from Akyumen Technologies Corporation including Senior Vice President of Technology and Innovation Hani Khanani, Senior Vice President Operations Robert Van Heyningen, CEO for ME > read more

MCEA ties up with AJM Kooheji Group

10/16/2014 01:57:08 AM

AJM Kooheji Group and Military Consumer and Economical Association (MCEA) entered into an agreement. Under this partnership the MCEA will avail services from 3K (Kwik Kar Kare) the multi brand retail chain of the group for its esteemed members throug > read more

Bahrain police arrests suspects in bus arson attack

10/16/2014 01:21:17 AM

The General Director of Northern Governorate Police announced Wednesday the arrest of a suspect in the case of an arson attack on a bus in Muqsha on October 5. The bus was gutted by fire after it was doused with […] > read more

Bapco participates in Six Sigma forum

10/16/2014 01:19:32 AM

The Bahrain Petroleum Company (Bapco) participated in a Six Sigma Forum organised by the Bahrain Quality Society under the patronage of Lt. General Dr. Shaikh Mohammed bin Abdulla Al Khalifa, Minister of State for Defence Affairs and Honorary Chairma > read more

Batelco pivotal in reshaping Bahrain’s status as ICT hub

10/16/2014 01:17:10 AM

Manama: Batelco, which earned Cisco certification, has played a pivotal role in Bahrain’s development as a major communications hub and today is the leading integrated communications provider, continuing to lead and shape the local consumer market > read more

Batelco offers best small enterprise services

10/16/2014 01:10:17 AM

Manama: Batelco, Bahrain’s leading integrated communications services providers’ an ideal one-stop-shop to meet the communication solutions needs of the SE (Small Enterprise) segment in the Kingdom of Bahrain. “Batelco is fully committed to hel > read more

BBK India eyes INR 500m in NRIs mortgage loans

10/16/2014 00:38:42 AM

Manama: BBK Bank through its branches in India is expecting to issue mortgage loans of about INR500 million to NRIs in 2015 while about INR70million in the last quarter of 2014. This was announced by the BBK Country Head and […] > read more

Economic stability impacts positively on real estate

10/15/2014 16:13:40 PM

Manama: Bahrain’s current economic stability has begun to impact on residential rents, by stabilising rates and encouraging tenants to turn their attention to higher quality schemes, according to the latest report from international real estate con > read more

Bahrain forbids use of worship places as election tool

10/15/2014 16:01:09 PM

Manama: The worship places shouldn’t be used as campaign or canvassing tools during the upcoming parliamentary and municipal elections in the Kingdom of Bahrain. The official spokesperson of Integrity Coalition for Election Observation (Integrity) > read more

GOIC completes study on Bahrain’s water security

10/15/2014 13:49:27 PM

Manama: The Gulf Organization for Industrial Consulting (GOIC) completed a study regarding water security in Bahrain from an economic perspective, in addition to four investment opportunities in the area of water desalination with a specific focus on > read more

Bahrain’s GDP expands 80%, non-oil revenues up 229%

10/15/2014 13:33:04 PM

Manama: The Kingdom of Bahrain’s GDP has expanded by 80%; employment has grown by 130% and exports have grown significantly, with the revenue from non-oil exports growing by 229%, thanks to the wise and visionary leadership of HM King Hamad [… > read more

600 exhibitors from 30 countries signup for Jewellery Arabia

10/14/2014 00:26:04 AM

Manama: Over 600 exhibitors from 30 countries have so far signed up for the Middle East’s premier jewellery and watch exhibition, Jewellery Arabia 2014, which is set to take place from 18 – 22 November 2014 at the Bahrain International […] > read more

ABIB honours winners of 1st monthly draw

10/13/2014 22:51:18 PM

Manama: Al Baraka Islamic Bank (B.S.C.) announced the names of the winners of the monthly draw which was held for the first time on Barakat Account. The monthly prize, equal to a month salary of BD 555 (Five Hundred Fifty […] > read more

Alba’s sales figures up 2.3% in Q3

10/13/2014 22:44:10 PM

Manana: Aluminium Bahrain B.S.C (Alba) is on track to hit its annual growth targets with Q3 2014 sales figures up by 2.3% YoY to reaching 232,922 metric tonnes (mt) versus 227,758mt in Q3 2013, while its production figures topped233,496mt for [… > read more

Islamic insurance sector eyes double digit growth

10/13/2014 22:38:46 PM

Manama: With forecasts of double-digit growth, the outlook of Takaful industry remains positive, according to an expert. “The industry continues to gain market share across several high value rapid-growth markets, which still show significant untap > read more

Bahrain implements stringent regulations for financial sector

10/13/2014 22:34:58 PM

Manama: Bahrain has a long established presence as a leading international Islamic financial services centre, strengthened through the well-established regulatory framework and high levels of commitment to research and training in the Islamic finance > read more

Batelco injects millions of dollars for its network upgrade

10/13/2014 14:32:48 PM

Manama: Batelco, Bahrain’s leading communications provider and Ericsson, a world leading telecoms technology provider, have extended their long-standing partnership by signing a new transformation agreement. The major project will see the upgrade o > read more

Sabah Almoayyed to lead PineBridge Investments board

10/13/2014 14:21:10 PM

Manama: PineBridge Investments Middle East B.S.C. (c), the regional arm of the leading global multi-asset-class investment manager announced the appointment of Sabah Khalil Almoayyed as an independent Chairperson to its board of directors and Anthony > read more

Islamic banks to represent 30% of GCC banking market

10/13/2014 13:41:57 PM

Dubai: Islamic banks will likely continue to attain market share in the Gulf over the next couple of years, after recently posting brisker balance-sheet growth than their conventional peers, Standard & Poor’s in a report published, said. “ > read more

GFH’s liquidity, leverage and funding in stable position

10/13/2014 13:31:21 PM

London: Bahrain-based Gulf Finance House’s liquidity, leverage and funding profile have stabilised and should provide some flexibility to work out legacy asset exposures, according to Fitch Ratings. Fitch Ratings has assigned GFH a long-term issuer > read more

Zalagh: a leader in domestic commodity in Morocco

10/13/2014 13:25:05 PM

London: Morocco-based Zalagh Holdings has emerged as a leader in domestic commodity trader fully integrated in the animal feed industry and partially integrated in the meat production and processing industry. Fitch in a statement said that the rating > read more

Bahrain becomes the launching pad for UN Arabic survey

10/11/2014 10:42:58 AM

Manama: The Kingdom of Bahrain has emerged as the launching pad for the United Nations Department of Economics and Social Affairs (UNDESA) Arabic version of the UN eGovernment Survey 2014. Supported by Bahrain Government, the initiative of translatin > read more

Bahrain ranks 7th in UN Online Services Index

10/11/2014 10:40:42 AM

Manama: the UN eGovernment Survey 2014 has ranked Bahrain 7th on the online services Index with 93% as it was rated at the forefront of five geographic regions achieving rank number 18 worldwide in eGovernment Readiness Index and 1st on […] > read more

Tunis Financial Harbour inks no deal with Makni Group

10/09/2014 13:28:53 PM

Manama: The management of Tunis Financial Harbor Project has denied news with regard to signing the agreement with the Makni Group. However, it added, Tunis Bay Project Company has entered into negotiations with several parties for joint development > read more

GFH to appeal against CMA Kuwait’s disciplinary action

10/09/2014 13:27:43 PM

Manama: Bahrain-based Gulf Finance House (GFH) on Thursday said that it would appeal against the decision of CMA Kuwait for suspending its shares trading for three days. GFH in a statement addressed to its shareholders and the markets that on [… > read more

Oil and gas M&A transactions up $40b to $102b in H1

10/09/2014 12:55:13 PM

Dubai: The total value of deals of oil and gas in the first half of 2014 rose by nearly $40 billion globally reaching $141 billion from $102 billion in the first half of 2013. A total of 299 merger and […] > read more

Kuala Lumpur Int Tattoo show begins on Friday

10/09/2014 12:42:33 PM

Kuala Lumpur: The Kuala Lumpur International Tattoo 2014 parade will be captivating the minds, hearts and souls of its spectators in just 4 days! Are you ready? The Kuala Lumpur International Tattoo 2014 is one of the major events in […] > read more

US regains lost glory of being a trendsetter economy

10/09/2014 12:28:40 PM

Lexington, Mass. The US economy, the world’s largest, has emerged as the locomotive of global growth for the first time since the great recession and boosting exports from around the globe, according to Nariman Behravesh, Chief Economist, HIS. Abov > read more

Bahrain among top 20 nations globally in eGovernment

10/09/2014 12:05:02 PM

Manama: With Bahrain, Japan and Spain have achieved outstanding progress in eGovernment among the top 20, the Kingdom of Bahrain is also the only state from the Middle East which has been recognized by the United Nations among 13 States […] > read more

Global accolade is good for Bahrain’s branding

10/08/2014 07:05:58 AM

Manama: Yusuf Al Hawaj, one of the oldest perfumery houses in Bahrain, has been presented with the best presentation award by Sprecher Berrier Group of Companies for the best Bentley Perfume launch in 2013-14. “Bahrain was the second destination gl > read more

Al Hawaj unveils Bentley for men absolute

10/08/2014 06:46:41 AM

Manama: Yusuf Al Hawaj, one of the oldest perfumery houses in Bahrain, announced the launch of the Bentley for men absolute. The launch was held at the Bahrain City Centre and attended by Jawad Al Hawaj, Wahab Al Hawaj, the […] > read more

Alba celebrates Eid with children at hospitals

10/06/2014 16:47:26 PM

Aluminium Bahrain B.S.C. (Alba), a leader in corporate social responsibility, validated its commitment to serve the community by distributing Eid-al-Adha gifts to children in the paediatric section of Salmaniya Medical Complex, Bahrain Defence Force > read more

Alba supports Awali Golf Club

10/06/2014 16:46:19 PM

Aluminium Bahrain B.S.C. (Alba), one of the leaders in corporate social responsibility, emphasised its commitment towards highlighting Bahrain’s reputation as a key hub for golf tournaments by providing sponsorship to the Awali Golf Club, which is > read more

Minister assures support to trade, commercial sectors

10/06/2014 16:44:33 PM

Minister of Industry and Commerce Dr Hassan Abdullah Fakhro asserted the dedication of the wise government to support commercial sector and projects with high added values to the national economy. This was highlighted during the celebration by Carref > read more

Public-private sector plays pivotal role for food security

10/06/2014 16:42:12 PM

Minister of Industry and Commerce, Dr Hassan Abdullah Fakhro highlighted the importance of coordination and cooperation between the private and public sectors to reinforce food security and provide consumers with their requirements. The expressed the > read more

Fruits, vegetable supplies remain intact during Eid

10/06/2014 16:39:16 PM

Minister of Industry and Commerce, Dr Hassan Abdullah Fakhro visited the Manama Central Market to ensure the availability of enough quantities of vegetable and fruits that are with high demands during Eid Al Adha. He was briefed by Ridha Al […] > read more

Bahrain-Sri Lanka keen on enhancing economic tires

10/06/2014 16:35:38 PM

The minister of Industry and Commerce, Dr Hassan Abdullah Fakhro held talks with Chairman of the Sri Lankan Imperial Teas Company, Jayantha Karunaratne, in the presence of Shura Member and Chairman of Al Maskati Group, Khalid Al Maskati. The Minister > read more

Euro Motors, Jaguar Land Rover showcases wide range

10/06/2014 16:33:47 PM

Manama: Euro Motors, the exclusive dealer and distributor for luxury automotive manufacturer Jaguar Land Rover in the Kingdom of Bahrain, is showcasing a wide range of its luxury vehicles at the City Centre Bahrain, shopping mall from the 3rd of [ > read more

Bahrain remains destination of a choice for investors

10/06/2014 16:31:44 PM

Minister of Industry and Commerce Dr Hassan Abdullah Fakhro received Engineer Fahmi Ali Al Jowder who introduced the Minister with General Manager of an Australian company Andrew Jackson and Manager of Stone Wings Trading Company, Fathi Mohammed. The > read more

Commercial activities serve as catalyst to growth

10/06/2014 16:29:26 PM

Minister of Industry and Commerce, Dr Hassan Abdullah Fakhro, valued initiatives and steps of businessmen and investors of opening a variety of commercial and service outlets that meet the needs of citizens and reflect the progress in Bahrain. He sta > read more

Etihad wins top accolade at Munich Forum

10/06/2014 16:26:30 PM

Etihad Airways, the national airline of the United Arab Emirates, has been named Best Performing Airline 2014 at the Munich Exchange forum in Germany. The awards ceremony, now in its 16th year, took place last night at a gala event […] > read more

Bahrain’s e-visa facilities to stir economic activity, tourism

10/01/2014 02:12:26 AM

Manama: With Bahrain embarks on a new phase of e-visa facilities to 102 countries the Nationality, Passport and Residence Affairs (NPRA) senior official believed that the initiative would stir the economic activity, enhance tourism and attract more f > read more

Minister says objectivity remains a key for media

10/01/2014 01:35:16 AM

Manama: The Minister for Information Affairs, and the Government’s Official Spokesperson, Sameera Ibrahim bin Rajab, said that objectivity in journalism remains a key and media personnel needs to equip themselves professionally before embarking > read more

No need of international observers during elections

10/01/2014 01:32:28 AM

Manama: With Bahrain’s unblemished record for hosting fair, free and impartial parliamentary elections in the past, the State Minister for Information Sameera Rajab ruled out the need of having international monitors on the ground during the genera > read more

Court jails 15-Asians in money laundering case

10/01/2014 01:07:25 AM

Manama: Fifteen Asians convicted of money-laundering and violating the law on the Central Bank of Bahrain have been sentenced three to five years in prison and fined BD200,000. “The first instance of the Lower Criminal Court ordered the deporta > read more

Hundred Bahrainis among ISIS fighters

10/01/2014 01:02:06 AM

Manama: The social media savvy ISIS in the Middle East has lured as many as 100 Bahraini nationals to join the ISIS ranks, Minister told the Bahrain media on Tuesday. The Minister for Information Affairs and the Government’s Official Spokespers > read more

Bahrain gets $100m leisure, retail project

09/30/2014 11:14:36 AM

Manama: The Deputy Prime Minister, HE Shaikh Khalid bin Abdulla Al Khalifa, on Tuesday laid a foundation stone for the $100million first-of-its-kind mixed leisure-cum-shopping project “The Avenues-Bahrain”. The King Faisal Corniche Development Co > read more

Tamkeen rolls out new Enterprise Support Programme

09/30/2014 10:58:38 AM

Manama: Tamkeen on Tuesday announced the launch of its revamped Enterprise Support Programme as part of the re-structuring of its operations and programmes. The programme was restructured according to support enterprise needs based on their business > read more

Phase of easy money is over: Tamkeen Chairman

09/30/2014 10:50:17 AM

Manama: Shaikh Mohammed bin Essa Al Khalifa, Tamkeen Chairman of the board of directors on Tuesday urged the private sector to benefit from the revamped enterprise support programme. However, he said, the age of easy money under the enterprise suppor > read more

Court revokes nationality of nine convicts

09/29/2014 23:14:32 PM

Manama: The Public Prosecution-based General Attorney Ahmed Mohammed Al-Hamadi said that the Fourth Grand Criminal Court has issued a verdict sentencing nine convicts to a life and stripping them of Bahraini nationality. All nine convicts were implic > read more

Shaikh Khalid lays foundation stone for BD19m project

09/29/2014 23:09:50 PM

Manama: The King Faisal Corniche in Manama will get a major development face-lift as the Deputy Premier Shaikh Khalid bin Abdulla Al-Khalifa on Tuesday laid the foundation stone for the project. The BD19million development scheme follows directives f > read more

BCCI-Tamkeen explores avenues of co-operation

09/29/2014 23:04:05 PM

Manama: Tamkeen’s Executive Management and the Board of Directors of the Bahrain Chamber for Commerce and Industry (BCCI) held a session on Monday to discuss the 2015-2017 draft strategy and the revamped Enterprise Development Support Programme, in > read more

Tamkeen’s strategy opens a new era for labour reforms

09/29/2014 11:03:23 AM

Manama: With the participants of over 450 people from the broad spectrum of businesses in a two-day Forum to discuss the 2015-2017 Strategy, Tamkeen embarked on a new era of labour market reforms. The introduction of transparency and efficiency in [& > read more

Tamkeen concludes deliberations on 4-pronged strategy

09/29/2014 08:30:06 AM

Manama: Tamkeen concluded its Strategy Consultation Forum on Monday during which it highlighted the four-pronged new strategy aimed at enhancing quality, focusing on customers and achieving results. During the consultation Tamkeen top notch discussed > read more

Cabinet congratulates HM King, people on Eidul Adha

09/28/2014 08:05:26 AM

Manama: His royal Highness, Prince Khalifa bin Salman Al Khalifa, the Prime Minister who chaired the regular Cabinet session of Sunday extended greetings to HM the King and to the Bahraini people on the holy occasion of Eid Al Adh’ha. […] > read more

Cabinet Okays restructuring of the BECA

09/28/2014 08:03:09 AM

Manama: In line with the efforts to make Bahrain the meetings, incentives, conferences and exhibition (MICE) hub, the Cabinet on Sunday discussed and approved the memorandum presented by the Deputy Prime Minister, Vice-President of the Civil Service > read more

Bahrain renews contract with Microsoft Corporation

09/28/2014 08:01:57 AM

Manama: The Cabinet discussed and approved the memorandum presented by the Minister of Education on the Ministry’s desire to renew the Partners in Education programme with Microsoft Corporation. The Official Government Spokesperson and State Mi > read more

Electricity & Water services levels improved substantially

09/28/2014 08:00:01 AM

Manama: The Kingdom of Bahrain announced major steps to revamp and enhance the level of services for power and water networks during the summer of 2014. The Official Government Spokesperson and State Minister for Information Affairs Sameera Rajab tol > read more

Etihad equips Emiratis with world class education

09/28/2014 07:36:32 AM

Abu Dhabi: Etihad Airways has welcomed the first class of Emirati trainees to its Graduate Finance Development Program, the latest scheme to be launched as part of the airline’s growing UAE national development efforts. The programme, launched in p > read more

Inadequate human capital continues to haunt GCC

09/28/2014 07:34:56 AM

Doha: Over 60% unsuccessful projects in the GCC blamed for the inadequate or non availability of human capital while 37% projects fail because of a lack of organisational support, notably in terms of human resources, according to an expert. Doha: [&# > read more

NREC secures KD154.4m refinancing facility

09/28/2014 07:30:31 AM

Kuwait: National Real Estate Company KPSC, one of the leading real estate companies in the Middle East and North Africa (MENA) region (NREC), announced the refinancing of a KD 154.40million loan facility. The previous KD 154.40 million loan facility > read more

IIRA assigns BB fiduciary ratings to GFH

09/28/2014 07:29:36 AM

Manama: Bahrain-based the Islamic International Rating Agency (IIRA) has assigned BB international scale credit ratings on Gulf Finance House (GFH) in the medium to long-term and at B in the short-term. On the national scale, ratings have been assess > read more

GCC Electricity Grid saves up to $6.8b

09/28/2014 07:28:10 AM

Abu Dhabi: The GCC electricity network saved up to $5 billion in investment costs and $1.8 billion in fuel operating costs, besides reducing power outages in Gulf. This was announced by the GCC Interconnection Authority (GCCIA) at the start of [̷ > read more

Rahat Fateh Ali Khan to perform in Bahrain

09/28/2014 01:44:19 AM

Manama: Music icon Rahat Fateh Ali Khan, the famous Pakistani music icon whose Sufi and qawwali music and Bollywood hits unite music lovers all over the world, will perform at Bahrain International Exhibition Centre on October 17th, 2014. Addressing > read more

Bahrain Steel closes $340m revolving credit facilities

09/22/2014 01:02:41 AM

Manama: Bahrain Steel formerly known as Gulf Industrial Investment Company/ GIIC) has successfully closed the syndication of its $340million secured term and revolving credit facilities. The facilities are split between a seven year $300million amort > read more

Bahrain-Pakistan dual nationality pact soon

09/21/2014 18:38:27 PM

Manama: Sardar Ayaz Sadiq, the Speaker of National Assembly of Islamic Republic of Pakistan told community members on Sunday that issue of dual nationality between Pakistan and Bahrain will be resolved soon. Sardar Ayaz, who left Bahrain early mornin > read more

HM King Hamad hails Bahrain-Pakistan deep-rooted ties

09/21/2014 18:35:16 PM

Manama: His Majesty King Hamad bin Isa Al-Khalifa hailed deep-rooted historic relations bonding Bahrain and Pakistan, particularly legislative ties. HM the King received at Al-Sakhir Palace Pakistan National Assembly Speaker Sardar Ayaz Sadiq, who co > read more

Steps needed to maintain competitive edge of Bahrain

09/21/2014 12:19:33 PM

Manama: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received at the Gudaibiya Palace, in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Pre > read more

Bahrain denies postponing general polls

09/21/2014 12:18:16 PM

Manama: Minister of State for Information Affairs and the Official Spokesperson of the Government Sameera Ebrahim bin Rajab have denied media reports hinting that the elections will be postponed. She dismissed the report published on the website of a > read more

Bahrain-Pakistan enjoys fraternal ties: HRH Premier

09/21/2014 12:15:33 PM

Manama: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received at the Gudaibiya Palace the Speaker of the Pakistani National Assembly Sardar Ayaz Sadiq and his accompanying delegation comprising representatives of various par > read more

Bahrain condemns deadly bomb attack in Cairo

09/21/2014 12:11:30 PM

Manama: The Kingdom of Bahrain HAS strongly condemned the terrorist explosion took place in the vicinity of the Egyptian Ministry of Foreign Affairs’ headquarters in Cairo, which killed two persons and injured others. Bahrain affirmed its full > read more

Cabinet reviews steps to ensure transparency in elections

09/21/2014 12:09:20 PM

Manama: The Cabinet on Sunday reviewed the laws aiming to ensure transparency of the electoral process, and easy procedures that enable all the citizens to exercise their political rights in the best way, and requested the relevant sides to take [ > read more

BDF Chief applauds joint co-operation with Pakistan

09/21/2014 12:07:03 PM

MANAMA: Commander-in-Chief of the Bahrain Defence Force (BDF) Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa held talks with the Speaker of the National Assembly of Pakistan Sardar Ayaz Sadiq and his accompanying delegation. The BDF Commander-in-C > read more

Cabinet congratulates HM King on FFEU award

09/21/2014 08:18:58 AM

Manama: HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister, who chaired the regular Cabinet session on Sunday, extended congratulations to His Majesty the King on the occasion of being granted an award from the Foundation for Ethnic Underst > read more

Japan supports Bahrain’s initiative on dialogue

09/19/2014 13:52:00 PM

Manama: The outgoing Japanese Ambassador in Bahrain Shigeki Sumi said that his country would continue to support the dialogue to resolve any outstanding issues in Bahrain. “We can’t accept violence in any form and Japan will continue to support t > read more

Japanese envoy assures future co-operation in all vital areas

09/19/2014 13:50:29 PM

MANAMA: The outgoing Japanese Ambassador in Bahrain Shigeki Sumi said that Japan-Bahrain ties have entered into a new era of co-operation and development, thanks to the understanding among the top leadership of both countries. Ambassador Shigeki Sumi > read more

Bapco sponsors the BFDS festival

09/18/2014 13:33:54 PM

The Bahrain Petroleum Company’s (BAPCO) sponsored the Bahrain Federation of Disabled Sports (BFDS) in order to support the upcoming Charity Wheelchair-Basketball Festival. This sponsorship comes under Bapco’s continuous efforts to improve the ser > read more

Bahrain says no to Qatarisation of its nationals

09/18/2014 13:28:00 PM

Manama: Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa showed displeasure over Qatar’s policy of offering Qatari citizenship to some Bahrainis in return of giving up their Bahrain citizenship. Interior Minister state > read more

Mobile broadband prices down 65% in Bahrain

09/18/2014 13:23:46 PM

Seef District: Bahrain’s competitive broadband market continues to deliver significant benefits to residential customers and small enterprises, through lower prices and more attractive service features such as higher service speeds and data allowan > read more

S&P assigns AAA rating on Luxembourg treasury securities

09/18/2014 13:06:42 PM

Madrid: Standard & Poor’s Ratings Services assigned its ‘AAA’ rating to Luxembourg treasury securities SA’s proposed sukuk certificates. Luxembourg Treasury Securities SA, a trustee incorporated in Luxembourg, wholly owned by > read more

US considering sending combat troops to Iraq

09/18/2014 13:00:03 PM

Any US ground combat deployment in Iraq is likely to be small and focused on air-strike support, according to new analysis from Anna Boyd, Deputy Head of Middle East Analysis at IHS Country Risk. “United States Joint Chiefs of Staff […] > read more

ICIEC-SMBCE bolsters collaboration in vital areas

09/18/2014 12:55:44 PM

Jeddah: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group, and Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a subsidiary of the Sumitomo Mitsui Banking Cor > read more

IsDB’s $1.5b fixed-rate trust certificates get rating

09/18/2014 12:47:15 PM

Islamic Development Bank (IsDB), rated Aaa/AAA/AAA by Moody’s, S&P and Fitch (all stable outlook), has successfully priced $1.5 billion, five-year, trust certificates (Sukuk) issued at par with a 2.111% semi-annual profit rate under its $10 billion > read more

Court imposes travel ban on Mariam Al Khawaja

09/18/2014 12:41:29 PM

Manama: In accordance with an order from the high criminal court, Mariam Abdulhadi Al Khawaja was released dependent on a guarantee of her place of residence and a travel ban was imposed on her. The lawyer of the accused requested […] > read more

Chartered Institute of Marketing accolades for BIBF

09/17/2014 02:55:51 AM

Manama: Bahrain Institute of Banking and Finance (BIBF) received three letters of commendation from the Chartered Institute of Marketing (CIM) for achieving outstanding results in the June 2014 series of examinations. BIBF Director, Solveig Nicklos, > read more

Health & safety course for Bapco managers conclude

09/17/2014 02:54:33 AM

Awali: The Bahrain Petroleum Company (Bapco) held a one day Health and Safety Course for its Managers at the Bapco Club in Awali. The initiative was held in line with Bapco’s continued commitment tostriving for excellence in all aspects of [… > read more

Batelco-AIESEC joins forces for global leader initiative

09/17/2014 02:51:38 AM

Manama: Batelco, as part of its commitment to education is supporting a new initiative to inspire youth and help their career aspirations. In line with this, Batelco’s Youth Marketing Team has launched a new empowerment programme, the Global Leader > read more

Dr. Fakhro opens Santa Maria outlet

09/17/2014 02:49:42 AM

Manama: Industry and Commerce Minister Dr. Hassan Fakhro confirmed the importance of initiatives and positive steps pursued by businessmen and investors in revitalizing local trade, noting in this context the vital role played by these initiatives in > read more

KFH emerges as Oracle e-business suite success story

09/17/2014 02:47:12 AM

Kuwait: Oracle took great pride in Kuwait Finance House (KFH) oracle e-business suite success story and published it on Oracle’s official website as one of the best institutions globally that implemented and applied oracle system. Oracle noted that > read more

Global investors remain bullish on equity markets

09/17/2014 02:31:33 AM

Global investors have regained a strongly bullish stance on the outlook for equity markets in the second half of 2014, according to the BofA Merrill Lynch Fund Manager Survey for July. A net 61 percent of global asset allocators are […] > read more

GCC banks report healthy growth in past 18months

09/17/2014 02:27:03 AM

Dubai: Gulf banks have shown healthy earnings growth over the last year and a half despite historically low interest rates, said Standard & Poor’s Ratings Services in a new report published on Wednesday, titled “Economic Recovery Spurs So > read more

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