Bahrain’s energy sector offers rare investment opportunities

MANAMA: The Kingdom of Bahrain which is currently working to develop various energy projects and industrial ventures offer a rare ..

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Bahrain’s energy sector offers rare investment opportunities

04/22/2014 17:18:18 PM

MANAMA: The Kingdom of Bahrain which is currently working to develop various energy projects and industrial ventures offer a rare opportunity to investors, according to the Minister Finance. Shaikh Ahmed bin Mohammed Al Khalifa, Minister Finance in h

Smart devices sale outweighs newborns

04/22/2014 17:04:48 PM

MANAMA: Experts during the the Mobile Apps workshop revealed that the number of smart devices sold worldwide every day outweighs the number of new born babies. Specialized workshops were launched on Tuesday at the Bahrain International eGovernment Fo

eGA highlights use of effective technology in governance

04/22/2014 16:59:56 PM

MANAMA: The Kingdom of Bahrain which has been at the forefront of adapting to the latest trends in ICT and effective use of IT in enhancing efficiency in governance. eGA’s Dr. Zakareya Ahmed Al Khaja, presented a working paper on […]

eGA rolls out region’s 1st integrated portal

04/22/2014 16:25:15 PM

MANAMA: With more hi-tech features and compatibility with all smart devices, eGA Portal Plus has been launched as the first integrated portal in the GCC and Middle East region. In a proactive step towards the integrated eGovernment concept, the Kingd

Latest ICT trends shine at Bahrain IT Expo 2014

04/22/2014 16:08:15 PM

MANAMA: His Highness Shaikh Mohammed bin Mubarak Al Khalifa Deputy Prime Minister, Chairman of the Supreme Committee for Information and Communication Technology, officially opened Bahrain IT Expo 2014 at the Bahrain International Circuit’s (BIC) P

Bahrain tops ladder in global telecom landscape

04/22/2014 15:51:50 PM

MANAMA: BT-VIVA Bahrain’s partnership in establishing the region’s first global IP exchange will enhance Bahrain’s strategic position being at the forefront of the telecommunications landscape globally, according to Telecommunicatio

Alba seeks enhancement in its production

04/22/2014 15:40:02 PM

MANAMA: Aluminium Bahrain (Alba) on Tuesday in a statement said that it would remain committed to further enhance its production capacity with the recent upgrade of its Pot Line 4 to AP36 technology following the increase in line current of […]

Mondel?z to establish biscuit plant in Bahrain

04/22/2014 15:15:11 PM

MANAMA: Mondel?z International, Inc. (NASDAQ: MDLZ) is planning to setup a biscuit plant in the Kingdom of Bahrain following the huge success of its first venture Kraft Foods. Kraft Foods production started at its state-of-the-art plant located in B

Mondel?z emerges as trend setter for foreign investors

04/22/2014 15:09:41 PM

MANAMA: Mondel?z International, which setup its first Kraft cheese plant in the Kingdom of Bahrain in 2006, has become a trend setter for many foreign companies to choose Bahrain as a destination, according to the Government Minister. “Mondel

Bahrain keeps abreast with dynamism of technology sector

04/22/2014 00:52:26 AM

MANAMA: The Kingdom of Bahrain which welcomed the global experts and public and private sectors stakeholders on Monday reiterated its commitment to adopt technology advancement at levels of the governance. This was the crux of the opening speeches of

Bahrain Bourse announces fee for Cos under suspension

04/21/2014 13:36:10 PM

MANAMA: Bahrain Bourse issued a new resolution for the listed Bahraini public shareholding companies and were suspended from trading for a period not exceeding two continuous years will be charged only 50% of the annual subscription fees, while the l

IIFM urges to adopt best practices in sukuk issuance

04/21/2014 13:32:43 PM

DUBAI: As the sukuk industry is continue to grow, it needs to take steps to bring about clearer understanding with documentation and product standards, guidelines, best business practices and transparency, while strengthening and streamlining the Sha

BBK net profits up 7.1% to BD14m in Q1

04/21/2014 13:17:57 PM

MANAMA: BBK, which has been the pioneer in commercial banking in the past four decades in Bahrain, reported BD14million net profit in the Q1, increase of 7.1% over Q1 of 2013. BBK’s Chairman of the Board of Directors, Murad Ali […]

GHG revenues up 11% to BD8.9m in Q1

04/21/2014 13:11:09 PM

MANAMA: Bahrain-based Gulf Hotels Group (GHG) has reported healthy financials for Q1 with gross revenues of BD8.9million. Chairman, Farouk Y Almoayyed said that the Group achieved total gross operating revenue of BD8.972 million compared to BD 8.066

HRH Premier orders to resolve truck congestion at Causeway

04/21/2014 12:59:49 PM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa on Monday issued directives to the concerned authorities to ease congestion at the King Fahad Causeway. HRH Premier was listening to BCCI Board members’ who referred

Public-private sector partnerships can bolster economy

04/21/2014 12:50:35 PM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has called upon the public and private sectors to join ranks in order to upgrade the national economy and developing it through strong and solid partnerships. Highlighting

Bahrain’s ship cargo handling up 45% in 2013

04/20/2014 09:06:29 AM

MANAMA: The Cabinet on Sunday discussed the memorandum presented by the Minister of Transportation concerning the statistics on performance operations at sea ports for the year 2013. Speaking during the weekly post-cabinet meeting press briefing, the

APM Terminal to raise money through an IPO

04/20/2014 09:04:29 AM

MANAMA: APM Terminals, the operator of Khalifa Bin Salman Port, is seeking to change its status from a closed company to a public one with future plans including going public and raising funds through an IPO. This was announced by […]

Bahrain introduces law on nuclear, biological weapons

04/20/2014 09:01:19 AM

MANAMA: The Cabinet on Sunday discussed and approved the proposal of issuing a law regulating provisions on weapons and nuclear materials. The aim of this law is to regulate the provisions on weapons and nuclear materials, and to ensure the […]

Bahrain Energy Forum attracts 120 delegates

04/20/2014 07:46:06 AM

MANAMA: More than 120 local, regional and international delegates are preparing to meet at MEED’S Bahrain Energy forum to discuss the exciting plans and project opportunities that will reaffirm Bahrain’s historic position as the energy hub of the

Bahrain emerges as a model cosmopolitan society

04/20/2014 07:40:56 AM

MANAMA: The Kingdom of Bahrain has emerged a model for citizenship, religious tolerance and guaranteeing freedom to everyone through constitution. The head of the Inter-Civilizations’ Dialogue High Organizing Committee, Bahrain’s Ambassador t

Bapco controls diesel spill swiftly

04/19/2014 15:26:44 PM

MANAMA: Bahrain Petroleum Company (Bapco) on Saturday confirmed a diesel leakage in one of the supply pipes linking refinery and diesel storage tanks. Bapco also reported spill of less than a barrel of diesel as a result of a small […]

Car explosion claims two lives in Bahrain

04/19/2014 15:07:06 PM

MANAMA: Police has confirmed two deaths in a car explosion on Saturday while one received second degree burn injuries and being treated . The General Director of Northern Governorate Police confirmed that the operations room received a call on Saturd

Terrorists target fire fighters in Bahrain

04/19/2014 09:37:46 AM

MANAMA: The General Director of Civil Defence announced that a homemade bomb was detonated on Janabiya Road near the entrance of Al Quraya on Saturday, injuring civil defense officers who were in the process of extinguishing burning tires. Three civi

Number portability within 8 hours: TRA

04/19/2014 07:25:17 AM

SEEF: Telecommunications Regulatory Authority (TRA) of the Kingdom of Bahrain slashed the number portability, for both mobile and fixed lines, to eight business hours. As per the revised regulation, the service providers are legally bound to complete

Bahrain’s energy sector upbeat on growth

04/19/2014 07:07:42 AM

MANAMA: With a project pipeline valued at over $14 billion, Bahrain’s energy sector is poised for significant growth and opportunity, according to an event organizer expert. “We’re pleased to be hosting the Forum in cooperation with

Bapco participates in BTI Career Week

04/19/2014 07:02:10 AM

MANAMA: Bapco supported as gold sponsor of the careers week held at the Bahrain Institute of Training (BTI). Bapco participated with a key stand which attracts a large number of students and visitors who will learn about the company and […]

Bapco participates in RUW Career Week

04/19/2014 06:57:45 AM

MANAMA: Bapco participated in the Career Day held at the Royal University for Women. Bapco participated with a key stand which attracted a large number of students and visitors who learnt about the Company and asked questions about its diverse [̷

AAOIFI plays crucial role by serving IFIs

04/19/2014 06:51:36 AM

MANAMA: The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) continues to lead the way for developing new standards for the Islamic financial institutions (IFIs), according to a senior banker. “The valuable discu

Bahrain Bourse to implement strategic plan

04/19/2014 06:34:55 AM

MANAMA: Bahrain Bourse’s newly appointed board of directors said that it would complete the execution of the projects of the strategic plan of the Bourse during their three-year term. “The implementation of strategic plan will clearly aff

Het Nieuwe Instituut to get a new pavilion

04/19/2014 06:22:36 AM

The construction of The New Pavilion will kick start May 5th, according to an official statement. This summer Het Nieuwe Instituut is building a temporary house designed by architecture firm SeARCH on its grounds, directly opposite Sonneveld House. T

Pakistani-Bahraini face no issue at BIA: Official

04/18/2014 06:14:43 AM

MANAMA: Pakistanis naturalized Bahrainis face no problems at the Bahrain International Airport (BIA) or point of entries across Pakistan on visa or POC issues, according to an official. “On Thursday, we have notified in writing to all airlines

All is set for Hong Kong to issue sukuk

04/17/2014 07:08:33 AM

Hong Kong: With the tax framework for sukuk in place, Hong Kong’s financial platform is ready for sukuk issuance, according to a top official at the Hong Kong Monetary Authority. “We highly welcome local and overseas entities to make use [

US Navy reiterates its commitment to Bahrain

04/17/2014 06:40:39 AM

MANAMA: US Navy which has had its presence in Bahrain since 1940′s has reiterated its support to the Kingdom of Bahrain as a vital partner. A report published by the Bahrain News Agency quoting a senior US Naval officer reiterating […]

KHCB to provide financing for Dilmunia

04/17/2014 06:38:40 AM

MANAMA: Khaleeji Commercial Bank, one of the leading Islamic banks in the Kingdom of Bahrain, signed a Memorandum of Understanding with Ithmaar Development Company, the Development Manager of Dilmunia at Bahrain Island, for providing property finance

Cargo business faces risks amid travel growth

04/17/2014 06:36:48 AM

MANAMA: Cargo business is facing potential risks amid travel growth globally, according to Minister of Transport and Economic Development Board (EDB) Acting Chief Executive Officer, Kamal bin Ahmed Mohammed. “We clearly realize the risks confro

Bahrain-Jordan to enhance co-operation in HR

04/17/2014 06:28:15 AM

AMMAN: A Memorandum of Understanding (MoU) was signed between the Chairman of Civil Service Bureau (CSB) Ahmed bin Zayed Al Zayed and the President of the Jordanian Civil Service Bureau Dr. Khalaf Al-Humaysat in the field of civil service and […

HM King Hamad visits Hazrat Sultan Mosque

04/17/2014 06:26:05 AM

ASTANA: His Majesty King Hamad bin Isa Al-Khalifa visited Hazrat Sultan Mosque, accompanied by Kazakh Deputy Premier and Minister of Industry and New Technologies Issekeshev Asset Orentayevich. HM the King was received by Deputy Mufti and Imam Shaikh

Runway upgrade will cost AED1b to Emirates

04/17/2014 05:51:04 AM

DUBAI: Emirates n phases will ground total 64 aircrafts with 20 aircraft in May, 22 in June and 22 in July, as Dubai Airports launch a comprehensive runway upgrade project which will see both runways at Dubai International close alternatively […

Smallest X-mini capsule speakers now in Bahrain

04/17/2014 02:08:26 AM

MANAMA: X-mini in association with AJM Kooheji Group has launched the world’s smallest X-mini Capsule Speakers at Sharaf DG in the Kingdom of Bahrain. The products that were launched are the X-mini Me & X-Mini We are the smallest (thumb […]

Batelco-Gulf Air to bolster technology cooperation

04/16/2014 16:53:22 PM

MANAMA: Batelco and Gulf Air which enjoyed a longstanding working relationship over the years explored avenues of further co-operation. Batelco Bahrain Chief Executive Rashid Abdulla who briefed a delegation from Gulf Air to Batelco Headquarters in H

Bahrain to become hub for healthcare investment

04/16/2014 16:34:07 PM

MANAMA: The recent agreements with India will help transform Bahrain into a destination for pharmaceuticals and health care investment, according to Oxford Business Group Economic Update. A flurry of new deals signed in the first quarter of 2014 are

Pakistan withdraws visa condition for NICOP holders

04/16/2014 12:41:34 PM

MANAMA: The condition of visa or POC for Bahraini nationals holding NICOP has been withdrawn with immediate effect by the Ministry of Interior Government of Pakistan on Wednesday. The letter titled ‘impose on travelling ban on Bahraini national

Universal Enterprises bring printing solutions to Bahrain

04/16/2014 03:12:21 AM

MANAMA: Universal Enterprises, a leading family business with over four decades in the market, rolled out the Samsung’s latest photo copiers and printing solutions for Bahraini market. Welcoming the clients and media corps Fawaz Al Mannai, MD, high

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

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