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Bahrain: a pioneer in Islamic finance

09/29/2015 02:26:07 AM

With the experts calling for making the Islamic finance relevant not only for Muslims but for a wider global community, the Kingdom of Bahrain once again gets recognition for its pioneering role in this rapidly growing segment of the global […] > read more

Police arrests two for plotting bombs

09/29/2015 02:23:39 AM

MANAMA: As part of the Ministry’s counterterrorism efforts and in the interest of informing the public, the Interior Ministry in Bahrain announced Monday the arrest of two fugitives suspected of having been involved in the July 28 bombing in Si > read more

GIB: a fastest growing asset management bank

09/16/2015 09:36:13 AM

Gulf International Bank (GIB) has won the “Fastest Growing Asset Management Bank, Saudi Arabia” award from the international business magazine, ‘Global Banking and Finance Review’, for its efforts in developing asset management products for t > read more

Smart cities market to reach US$1.5t by 2020

09/16/2015 09:34:05 AM

In 2015 and beyond, the number and value of smart city initiatives will expand substantially, according to Monitor Deloitte’s new report “Smart cities, not just the sum of its parts”. The majority of new smart city projects globally will contin > read more

Minister holds talks with Mondelez officials

09/16/2015 09:32:31 AM

Minister of Industry and Commerce Mr. Zayed R. Alzayani met with VP Integrated Supply Chain EEMEA Mr. Thomas Gaengler, ISC Director Biscuits EEMEA Ms. Yuliya Siroukh, Director Corporate and Government Affairs MENAT Mr. Can Buharali and Project Direct > read more

Tamkeen’s annual report gets global recognition

09/16/2015 09:29:27 AM

Tamkeen’s 2014 annual report won the Silver Award in the category of “non-traditional annual reports” for government agencies and offices at the 29th ARC International Awards – the world’s oldest and largest annual report competition. O > read more

PwC appoints 250 graduates in Sept

09/16/2015 09:25:04 AM

Dubai: Professional services firm PwC has hired more than 250 graduates across its business in the Middle East, an annual increase of 60%, in what marks a major milestone for the firm and underpins it’s confidence in the region. Demonstrating [ > read more

Al Baraka Turk concludes $450m financing facility

09/16/2015 09:22:04 AM

Bahrain-based Al Baraka Banking Group announced that its Turkish subsidiary, Al Baraka Turk Participation Bank, had concluded a syndicated Sharia compliant Murabaha financing, raising a total of US$ 278 million and EUR 154.5 million with total financ > read more

BBBF back into action after recess

09/16/2015 09:17:39 AM

Manama: BBBF hosted “Back to Business” luncheon meeting, its first networking meeting after the summer break. The meeting was chaired by the BBBF Chairman, Khalid Al Zayani who welcomed members both old and new and their guests at the luncheon [& > read more

Gulf construction firms continue to hire, despite oil slump

09/16/2015 09:13:02 AM

Dubai: Construction companies across the Gulf region continue to seek talent for their projects, according to a panel of company directors from the construction sector who spoke at a leading industry event held in Dubai. The event was organised by [& > read more

Bahrain to get a new luxury 220-room resort

09/16/2015 09:07:58 AM

Manama: Bahrain Mumtalakat Holding Company (Mumtalaka”), and Minor Hotel Group (MHG) announced the development of a 220-room luxury waterfront resort in Durrat Al Bahrain under Anantara Hotels, Resorts and Spas. The hotel will be the first hotel in > read more

Bahrain arrests former MP on terrorist financing

08/24/2015 09:07:34 AM

MANAMA: The General Director of Criminal Investigation and Forensic Science announced on Sunday the arrest of former MP and member of Al Wefaq National Islamic Political Society on August 18 after returning from Iran on charges related to financing t > read more

GCC IPO shows signs of recovery in Q2

08/04/2015 09:54:57 AM

DUBAI: IPO performance in the Gulf Cooperation Council (GCC) showed signs of recovery in terms of the number of offerings and total money raised in the second quarter (Q2) of 2015 compared to the first quarter suggesting some interest in […] > read more

AUB reports 278.4m net profit for six months

08/04/2015 09:52:04 AM

MANAMA: Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 278.4 million for the half year ended 30 June 2015. The net profit reflected an increase of 6.1% in H1/2015 as compared to […] > read more

Takaud sponsors Manama Club’s basketball team

08/04/2015 09:50:33 AM

Manama: TAKAUD, Bahrain based specialist provider of savings, investment and pension solutions for the MENA region, has signed a sponsorship agreement with Manama Sports Club making them the main and exclusive partner of their first basketball team, > read more

Low oil prices remains crucial for marine industry

08/04/2015 09:47:51 AM

ABU DHABI: Seatrade Offshore Marine & Workboats Middle East – the region’s leading event for offshore marine-related industries, workboat operators, builders and equipment suppliers – has revealed details of its 2015 conference programme wi > read more

Saudi Arabia’s non-oil private sector growth accelerates

08/04/2015 09:43:53 AM

Riyadh: Saudi Arabia’s non-oil private sector began the third quarter of 2015 on a positive note, with business conditions improving at the fastest pace in three months during July. Stronger growth of the sector as a whole was mainly driven [… > read more

GIB Capital scoops three awards

08/04/2015 09:41:21 AM

Manama: GIB Capital LLC, the Saudi-based investment banking arm of Gulf International Bank (GIB), granted three key awards by EMEA Finance magazine for their role in key transactions in 2014. GIB Capital won the “Best IPO Deal in the Middle [… > read more

GOIC meet focuses on GCC non-oil industrial exports

08/04/2015 09:36:44 AM

QATAR: The Gulf Organization for Industrial Consulting (GOIC) is hosting the meeting of the technical committee at its headquarters in Doha on the 4th and 5th of August 2015. The Secretariat-General of the Gulf Cooperation Council had convened this m > read more

BCCI showcases industrial potential of Bahrain

08/04/2015 09:34:54 AM

SANAD: The SME Development and Support Center and in coordination with the Food and Agriculture Committee headed by executive committee member Mr. Khalid Al Amin, Bahrain Chamber of Commerce and Industry held its Business Roundup event on Thursday 30 > read more

Interior Minister leads the funeral prayers of martyrs

07/30/2015 13:24:17 PM

MANAMA: His Excellency Minister of Interior Lt-General Shaikh Rashid bin Abdullah Al Khalifa led the police funeral held in the Police Fort for the martyrs of duty Naweed Ahmed Nazar and Hamid Rasool Arif. The two had died on in […] > read more

Youth City 2030 brings 3000 opportunities for Bahrainis

07/30/2015 05:34:43 AM

MANAMA: Representative of HM the King for Charity Works and Youth Affairs, Supreme Council of Youth and Sports (SCYS)’s Chairman, Bahrain Olympic Committee (BOC)’s President, His Highness Shaikh Nasser bin Hamad Al Khalifa, deputized Yout > read more

UN Chief condemns terrorist attack in Bahrain

07/30/2015 05:26:44 AM

The UN Secretary General on Thursday called for a full and transparent investigation into the terrorist act in Bahrain which claimed two lives of police officers and injured many others. The statement issued by Bahrain UNIC attributable to the spokes > read more

CBB plans a book on women who’s who in banking sector

07/29/2015 12:12:59 PM

Manama: The Central Bank of Bahrain (CBB) announced plans to publish a Who’s Who Book on Bahraini women in the financial and banking sector. The publication features an extensive history as well as illustrated photographs of the many talented Bahra > read more

GFH plans another school acquisition in Dubai in a year

07/29/2015 12:11:18 PM

MANAMA: GFH Capital, a subsidiary of GFH Financial Group, has agreed to acquire a majority stake of 80% in a leading, Dubai-based private school. The School was established in 2004 and is located in close proximity to Sharjah. Over 1,600 […] > read more

Financial crime continues to haunt MENA businesses

07/29/2015 12:08:10 PM

In keeping with international trends, managing compliance risk remains a high priority for organisations across the Middle East North Africa (MENA) region. While there has been progress in the fight against bribery and corruption in recent years, org > read more

Ibdar Bank exists from $30m Bahrain Sakan project

07/29/2015 11:50:33 AM

MANAMA: Ibdar Bank (“Ibdar”), the Bahrain based Islamic wholesale investment bank, today announced the successful exit from its $30 million construction arm Sakan Development Company. The exit, which generated strong returns of 15.95% ROI, follow > read more

Alba’s net income up 107% to $177m in 1H

07/29/2015 11:49:22 AM

MANAMA: Aluminium Bahrain B.S.C. (Alba) posted a net income of BD 66.9 million (US$ 178 million) in H1 2015 versus BD 32.3 million (US$ 86 million) for the same period in 2014, up by 107% YoY. Alba announced the release […] > read more

Zero tolerance for terrorism, says HRH Prime Minister

07/29/2015 11:46:00 AM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has urged to deal firmly with all organisations and groups seeking to undermine the kingdom’s security and stability, stressing the need to uproot terrorism and dries up > read more

Bahrain arrests terrorist attack suspects

07/29/2015 10:22:55 AM

MANAMA: Chief of Public Security Major-General Tariq Al Hassan has said that an investigation into the terrorist blast in Sitra On Tuesday July 28, which killed two policemen and injured six, had identified the suspects and a number of them […] > read more

Bahrain terrorist attack suspects identified

07/29/2015 10:17:18 AM

MANAMA: The authorities in Manama on Wednesday said that they had identified several suspects involved in the deadliest attack on the public security killing two officers and injuring other six. Public Security Chief Major-General Tariq Al Hassan sai > read more

Bahrain denounces Iran’s leader Ali Khamenei statement

07/19/2015 19:15:54 PM

MANAMA: The Foreign Ministry summoned Sunday evening the Iranian Embassy acting Charge d’Affaires Mortadha Sanubari and handed him an official protest memorandum following the recent statements made by Ali Khamenei against the Kingdom of Bahrain. U > read more

Terrorist bomb targets on duty police officer

07/19/2015 19:05:19 PM

MANAMA: The General Director of Capital Governorate Police announced that terrorists planted a bomb in West Ekar on Sunday. The device was detonated at 2:47 PM, targeting an on-duty police patrol that was securing roads in the area. One policeman [&# > read more

Saudi Arabia, GCC to celebrate Eid Al Fitr on Friday

07/16/2015 12:16:21 PM

MANAMA: The Kingdom of Saudi Arabia announced on Thursday that Eid al-Fitr would begin on 17 July 2015, as Muslims around the world mark the end of the holy fasting month of Ramadan. The moon sighting committee in Saudi Arabia […] > read more

CIBAFI-WB fosters co-operation on Islamic finance

07/10/2015 10:30:41 AM

Manama: The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, and the World Bank announced today the signing of a Memorandum of Understanding (MoU) that will help foster the > read more

Iran enjoys 34tcm natural gas reserves

07/10/2015 10:26:26 AM

London: Iran has the long-term potential to become one of the world’s top gas producers, thanks to its 34 trillion cubic meters (tcm) of natural gas reserves, or around 18% of the world’s total, Fitch Ratings says. But even if […] > read more

Fitch affirms Etisalat at A+ with outlook stable

07/10/2015 10:21:43 AM

London/Moscow: Fitch Ratings has affirmed UAE-based state-owned Emirates Telecommunications Corporation’s (Etisalat) long-term foreign currency Issuer default rating (IDR) at A+ with a stable outlook. Its senior unsecured debt is also affirmed > read more

Outlook for Canadian oil sands growth remains positive

07/10/2015 10:15:37 AM

Despite lower oil prices and other challenges, growth in Canadian oil sands will continue and remain one of the top sources of global supply growth in coming years, according to a new report by IHS Inc. (NYSE: IHS), the leading […] > read more

Bahrain’s investment potentials in spotlight

07/10/2015 10:08:26 AM

MANAMA: The Gulf Organization for Industrial Consulting (GOIC) participated in the meetings organised by the Ministry of Industry and Commerce in the Kingdom of Bahrain to prepare a specialised study to develop knowledge-based industries and identify > read more

Global players join hands to develop 5G networks

07/10/2015 10:05:48 AM

Paris: A group of 16 leading players in the field of telecommunications are joining forces to advance the development of a new air interface below 6 GHz for 5G networks. The FANTASTIC-5G project will focus on boosting capacity, increasing flexibility > read more

Bahrain opens primary market for investors

07/05/2015 17:40:57 PM

With the commencement of subscription of the 23rd Issue of the Government Islamic Lease (Ijarah) Sukuk through the Bahrain Bourse, now the primary market is open for both Bahraini and non-Bahraini investors. The Bahrain Bourse (BHB) announced that as > read more

No vote adds uncertainty on Greece’s future

07/05/2015 17:36:49 PM

The referendum’s result adds another layer of uncertainty to a very uncertain situation. All eyes will now be on the ECB on Monday, according Diego Iscaro, Senior Economist, IHS Global Insight. “We expect the central bank to continue providing li > read more

Fitch affirms its AAA Rating on Islamic Development Bank

06/29/2015 07:09:54 AM

The Islamic Development Bank AAA credit rating was affirmed with a stable outlook by Fitch. The ratings and the stable outlook reflect the intrinsic strengths of IsDB; in particular its strong capitalisation, high liquidity levels and well-diversifie > read more

IHS scoops five top economic forecasting awards

06/29/2015 07:04:54 AM

LEXINGTON, Mass. Macroeconomic forecasters at IHS Global Insight who predict outcomes for Canada, Estonia, Romania, Slovenia and Ukraine, provided the most accurate forecasts of gross domestic product and consumer price inflation for 2014, according > read more

Banco ABC Brasil seeks $150m loan facility

06/29/2015 06:58:42 AM

Banco ABC Brasil S.A. acting thorough its Cayman Islands Branch has mandated Bank ABC, HSBC Securities and National Bank of Abu Dhabi PJSC (NBAD) as Initial Mandated Lead Arrangers and Bookrunners to arrange on its behalf a $150 million Senior [̷ > read more

Gauging skills gaps can help in sustaining HRD levels

06/29/2015 06:46:44 AM

MANAMA: His Excellency Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain (CBB) said that the development of human resources tops the list of priorities in the Kingdom, and noted that in order to strengthen the country’s development > read more

MECOS signs MoU with Arabian Sounds & Lights Company

06/29/2015 06:38:17 AM

Middle East Computer Services (MECOS), a division of Al Safar Group and the authorized dealer for Control4 (USA) and Arabian Sounds and Lights Company, an authorised distributor for Bang &Olufsen (B&O) audio-video systems, announced the signing of an > read more

GFH partial exist from Energy City Navi Mumbai yields $45m

06/29/2015 06:35:06 AM

Manama: GFH Financial Group announced a partial exit from its Indian project with a total deal worth $45million. GFH Group in a statement said that Energy City Navi Mumbai (ECNM), alongside a Mumbai IT & Telecom City (MITTIC) are two […] > read more

Ithmaar Bank reiterates its committment to regulators

06/29/2015 06:26:49 AM

MANAMA: Ithmaar Bank B.S.C. (stock code “ITHMR”) is a Bahrain-based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse and the Kuwait Stock Exchange. In compliance with CBB [&# > read more

Time for negotiations for Greece running out

06/29/2015 06:19:00 AM

Although the probability of a collapse of the negotiations is not negligible, we believe that Greece and its creditors should be able to bridge their differences during this weekend’s Eurogroup meeting. However, this is unlikely to represent the en > read more

Fitness tracking devices vulnerable to hacking

06/29/2015 06:14:04 AM

Dubai: Health and Fitness trackers, the sales of which are expected to double this year, are an easy and increasingly popular means of recording and analyzing exercise and activity. This convenience comes at a risk however, warns ESET, as the [… > read more

Gulf Air IT infrastructure at par excellence

06/29/2015 05:53:05 AM

MANAMA: Gulf Air, the national carrier of the Kingdom of Bahrain, has seen its Information Technology department recognised threefold by winning regionally acclaimed awards for its IT infrastructure and development. The airline’s efficient implemen > read more

Bahrain revokes citizenship of convicts in Saudi embassy plot

06/13/2015 00:33:35 AM

MANAMA: A Bahraini Court has issued a verdict against 61 accused in a terror plot to blow up the Saudi Embassy in Manama. The Court had acquitted four while handed in jail sentences to 57 members of the terror group […] > read more

Governments should improve their impact: Survey

06/12/2015 17:18:20 PM

LONDON: Around 92% of all public officials worldwide believe there is a room for governments to improve the impact they achieve for their citizens. Global leaders convened online on Thursday to discuss whether there is a crisis in government effectiv > read more

S&P affirms its BBB-/A-3 ratings on Bahrain

06/12/2015 11:33:54 AM

Standard & Poor’s Ratings Services affirmed its long- and short-term foreign and local currency sovereign credit ratings on the Kingdom of Bahrain at BBB-/A-3. “We also affirmed our long- and short-term foreign and local currency credit ratin > read more

Alba board gives a nod for $3.5b expansion project

06/10/2015 07:07:50 AM

MANAMA: Aluminium Bahrain B.S.C. (Alba) shareholders’ gave an approval for the $3.5billion Line 6 Expansion Project during the extraordinary general meeting (EGM) on Wednesday, according to a statement issued by the Chairman of Alba’s Board of Di > read more

Alba to become world’s largest single site smelter

06/10/2015 07:00:50 AM

MANAMA: With approval of the $3.5 billion Line 6 Expansion Project, Aluminium Bahrain (Alba) will become the world’s largest single site smelter upon completion. The Line 6 Expansion Project, expected to begin production in early 2019, will boo > read more

IDB raises sukuk issuance ceiling to $25b from $10b

06/09/2015 15:19:49 PM

MAPUTO, Mozambique: The Board of Executive Directors (BOED) of the Islamic Development Bank during its 305th session in Maputo, capital of the Republic of Mozambique, approved the raising of the current limit of the bank’s medium term sukuk issuanc > read more

Pakistan, Afghanistan push Taliban for talks

06/09/2015 15:03:43 PM

Kabul: The Afghan Taliban is gradually attempting to move away from some of their more radical positions, such as their previous opposition to women’s education, in order to increase their acceptability across a wider cross-section of Afghan people > read more

Flying is safe despite recent accidents: IATA Chief

06/09/2015 14:58:12 PM

Miami: Flying is safe. The industry has become so reliable in its safety record that relatively small variations in performance from year to year can skew the numbers, according to Tony Tyler, IATA’s Director General and CEO. “The safety performa > read more

MOIC assures uninterrupted food supply during Ramadan

06/07/2015 17:34:23 PM

MANAMA: As the holy month of Ramadan is just around the corner, the Ministry of Industry and Commerce has chalked out a comprehensive plan to ensure the availability of fresh vegetables, fruits, meat, chicken and other eatables across the Kingdom. [& > read more

Bahraini authorities bust ‘Saraya Al Ashtar’ terror cell

06/07/2015 17:17:45 PM

MANAMA: The authorities in Bahrain has busted a terror cell being operated under the name of “Saraya Al Ashtar” allegedly formed by two fugitives, currently living in Iran, in 2012. There have been over a dozen arrests since the interception [ > read more

ZTE state-of-the-art phones hit Bahrain market

06/07/2015 16:51:30 PM

MANAMA: ZTE, which is one of the global leaders in the mobile handset manufacturers in the world, has launched eight models state-of-the-art mobile in Bahrain. ZTE offers a complete range mobile phones, tablets, mobile broadband modems, hotspots and > read more

S&P reaffirms Al Baraka Banking Group’s rating

06/07/2015 07:43:45 AM

Manama: The Bahrain based leading international Islamic banking group Al Baraka Banking Group (B.S.C.) announced that Standard & Poors’ (S&P) the premier rating agency in the world had re-affirmed ABG’s rating of BB+ (long term) and B (Short term > read more

GCC first report on harmonized statistics out soon

06/07/2015 07:25:00 AM

MANAMA: The GCC countries have embarked on a major initiative of harmonizing national statistics in more transparent and professional way with first such report likely to be out by 2017, a senior official at the GCC-Stat, revealed. “We are working > read more

Harmonised statistics serves as a key for GCC to secure FTA

06/07/2015 07:15:55 AM

MANAMA: The harmonized statistical data will help GCC to negotiate trade agreements such as free trade agreements (FTAs) in much faster and transparent way, according to an UNCTAD expert. “The harmonization of region-wide data will add new dimensio > read more

Authorities warn not to pay heed to IS tweets

06/06/2015 11:48:46 AM

MANAMA: The General Director of Anti-corruption and Economic and Electronic Security announced that tweets from outside Bahrain that claimed to be conversations between a male and female member of the Islamic State (IS) promoting fear and sedition we > read more

Thugs set alight a civilian vehicle

06/06/2015 11:47:16 AM

MANAMA: Civil Defence extinguished a fire in a woman’s car on an Al Musala village road during the weekend. The car was gutted after it was set alight by thugs who blocked the road with burning debris and tyres. Civll […] > read more

Turkish economy on the rebound

06/06/2015 11:45:41 AM

LONDON: Turkish policy of maximising local involvement has led to a steady increase in the percentage of defence construction and development carried out domestically is yielding positive results, according to Guy Anderson, Principal Analyst at IHS A > read more

Bahrain’s economic growth not impacted by low oil prices

06/06/2015 11:33:56 AM

LONDON: The Kingdom of Bahrain’s economic growth is above peers and has been unaffected by the fall in oil prices, according to Fitch. “Real non-oil growth was 4.9% in 2014, driven by tourism, social and personal services and construction. Execut > read more

Around quarter of a billion people living as expats globally

06/04/2015 08:21:01 AM

LONDON: There are 232 million people living outside of their nation of origin but what do we actually know about them? Immigrant or expat, tax exile or asylum seeker, estimations vary wildly and the knowledge of a population of almost […] > read more

Business Continuity: still a naïve idea for many companies

06/04/2015 08:18:36 AM

DUBAI: Risk, governance, globalization and technology are among the many risks currently facing companies. Internal Audit plays a critical role in addressing these issues while contending with the challenge of complying with the updated Committee of > read more

Etihad Airways partners with Tourism Malaysia

06/04/2015 08:16:04 AM

MILAN: Etihad Airways, the national airline of the United Arab Emirates (UAE), and Tourism Malaysia signed a global partnership agreement to boost inbound tourism to Malaysia by leveraging the airline’s global passenger network. Under the agreement > read more

ICIEC’s board of governors to meet in Mozambique

06/04/2015 08:12:14 AM

Under the patronage of the President of Mozambique Filipe Nyusi; the Board of Governors of the Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC) to hold its 22nd Annual Meeting in Maputo, the capital of Mozambique on [ > read more

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

06/04/2015 07:48:41 AM

DUBAI: Standard & Poor’s Ratings Services had revised its outlook on Bahrain-based Al Baraka Banking Group B.S.C. (ABG) to stable from negative. At the same time, S&P affirmed the ‘BB+’ long-term and ‘B’ short-term count > read more

CBB’s Islamic liquidity instrument to fuel banking business

06/02/2015 03:02:03 AM

MANAMA: The new Islamic Sukuk Liquidity Instrument (ISLI) recently introduced by the Central Bank of Bahrain will play a vital role in enhancing return for Al Salam Bank-Bahrain and boost its profitability and would lead to the overall national econo > read more

Tamkeen-Citi agreement brings 70 jobs for Bahrainis

06/02/2015 03:00:34 AM

Manama: Tamkeen has inked an agreement with CitiBank Bahrain to employ at least 70 Bahrainis. The agreement is the latest under Tamkeen’s Employment Support programme, which provides customised solutions to enable companies to fill their employment > read more

CIBAFI-IIF launches initiative on Islamic finance

06/02/2015 02:57:36 AM

Manama: The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has announced the launch of its new Executive Programme, Global Developments and Strategic Insights, in collabor > read more

Bahrain earmarks $22b for infrastructure development

06/02/2015 02:56:19 AM

MANAMA: The transport and aviation sectors will benefit from the $22billion investments earmarked by the Kingdom of Bahrain on the infrastructure development, according to the Minister of Transportation and Communication. Bahrain Airport Company (BAC > read more

US should not put a lid on growth of its aviation sector

06/02/2015 02:20:16 AM

ABU DHABI: Etihad Airways urge US authorities to remain committed to the open skies policy which serves as a key to the growth and development of its aviation by offering fair competition to other carriers. Etihad Airways, the national airline [̷ > read more

Bahrain tops the ladder in helping to preserve heritage sites

05/26/2015 19:10:02 PM

MANAMA: The Kingdom of Bahrain has been at the forefront of the efforts aimed at saving the heritage sites in war ravaged Iraq and Syria. “The Kingdom of Bahrain has extended support for capacity building and training for the staff […] > read more

Capital Governor patronizes the opening BCMS Gulf office

05/26/2015 18:55:58 PM

MANAMA: International mergers and acquisitions advisor BCMS announced the launch of its new office in the Kingdom of Bahrain to meet the growing demand for SME owners keen to sell their business to overseas corporate buyers. The launch event, held [& > read more

InterContinental Regency best business hotel in Manama

05/26/2015 18:54:05 PM

Manama: InterContinental Regency Bahrain, one of the leading 5 star hotels in the Kingdom, proudly announces its triumph over a number of prestigious names in the hospitality industry by winning the Business Traveller Middle East Award for the Best B > read more

Bahrain Bourse CEO assures full support to brokers

05/26/2015 18:52:26 PM

MANAMA: Shaikh Khalifa Ebrahim Al Khalifa, CEO of the Bahrain Bourse assured Bourse’s commitment and support to all brokers at the Bourse in support of their efforts to attract investors and to continuously improve the services provided to them in > read more

Alba Chairman holds talks with union

05/26/2015 15:32:06 PM

MANAMA: The Chairman of Alba’s Board of Directors, Daij Bin Salman Bin Daij Al Khalifa met with Alba Labour Union Chairman, Ali Bin Ali as part of a regular update between Management and the Alba Labour Union. The meeting was […] > read more

BAC polishes its staff skills with the help of Tamkeen

05/26/2015 15:30:03 PM

Manama: Bahrain Airport Services (BAS) recently enrolled 60 of its Bahraini employees in Tamkeen’s Career Progression Programme as part of a training agreement between the two sides. BAS will utilise the programme, a Tamkeen flagship support initia > read more

BCCI Committee briefs merchants on food supply chain

05/26/2015 15:28:13 PM

MANAMA: The Food & Agriculture committee of Bahrain Chamber of Commerce and Industry led by executive committee member Khaled Al Amin announces holding an open meeting on Wednesday 27th May 2015 at 12 noon in Al Majlis Hall on the […] > read more

Diversifying risk is an uphill task for banking industry

05/26/2015 15:25:08 PM

RIYADH, SAUDI ARABIA: Diversifying risk is not an easy exercise anymore for banking and financial sector and the private sector plays an important role on that front, according to Adel Al Qulish, Executive Secretary, MENAFATF. He was speaking about t > read more

Bahrain-Bangladesh trade reaches $5.6m in Q1

05/26/2015 15:20:22 PM

SANABIS: With Bahrain-Bangladesh trade volume reached $5.6million in first quarter, both sides are exploring avenues to enhance the trade by working together. This came as the Chairman of Bahrain Chamber of Commerce and Industry Khaled Almoayyed alon > read more

European telecoms can unlock €39b potential

05/26/2015 15:16:25 PM

MANAMA: Challenged by anticipated growth in fixed, mobile and IoT traffic, European operators are devising new technology designs and standards, drawing inspiration from highly optimized technology and business design of their Cloud peers. A new repo > read more

Bank Sohar mandates ABC to launch $250m loan facility

05/25/2015 03:29:01 AM

MUSCAT: Bank Sohar S.A.O.G. (Bank Sohar or the Company) has mandated Arab Banking Corporation (B.S.C.) as the Sole Bookrunner and Initial Mandated Lead Arranger (the Bookrunner) to arrange on its behalf a debut US$ 250 million syndicated term loan fa > read more

Japan jolts by 5.6 magnitude earthquake

05/25/2015 03:26:04 AM

A magnitude 5.6 earthquake occurred in Tokyo and nearby areas, as per Japan’s meteorological agency (JMA) on Monday. No tsunami alert has been neither raised nor material damage or physical injuries been reported. The Embassy of the Kingdom of > read more

Bahrain-China explores new avenues of co-operation

05/25/2015 03:23:29 AM

MANAMA: A delegation of close to one hundred business leaders from the Chinese region of Ningxia, led by the Vice Governor of Ningxia and the China Chamber of International Commerce (CCOIC), are on a visit to Bahrain this week. The […] > read more

HRH Premier issues directives to Ministries to serve citizen

05/25/2015 03:22:11 AM

GUDAIBIA PALACE: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa called upon the ministries and state departments to focus their efforts on serving the citizens’ interests, and improve their performance and services in or > read more

Batelco’s wins best continuity, resilience team award

05/23/2015 10:35:51 AM

Manama: Batelco, Bahrain’s leading Communications Solutions Company has won the Best BCI Middle East Best Continuity and Resilience Team 2015 Award. The Awards event took place during the BCI Middle East Conference and Exhibition held in Doha recen > read more

Al Baraka Bank Tunisia net income up 100% to $2.1m

05/23/2015 10:30:40 AM

Manama: Baraka Bank Tunisia, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), said that its net income jumped by 100% in first quarter of 2015 to reach TD 4 million compared to the same period in 2014. […] > read more

Arcapita completes sale of J.Jill to TowerBrook

05/23/2015 10:20:56 AM

MANAMA: Arcapita, Bahrain-headquartered the global investment management firm, announced the completion of the sale of J.Jill Group Inc. (J.Jill), a leading US-based multi-channel retailer of women’s apparel, accessories and footwear, to TowerBrook > read more

Commercial aviation market to reach $300b

05/22/2015 18:05:07 PM

LONDON, UK: A strong backlog and plenty of new aircraft coming into production will support the rapid multi-billion dollars growth of the commercial aviation market, according to new market forecasts from IHS Inc. The introduction of new aircraft typ > read more

Gulf Air bolsters IT security solutions with HP

05/22/2015 17:58:10 PM

Manama: Gulf Air, the national carrier of the Kingdom of Bahrain, has engaged with Hewlett-Packard (HP) to evaluate the airline’s existing information security solutions and, as a result, has most recently implemented HP latest generation of Intrus > read more

Transparency, disclosures can boost investors’ confidence

05/22/2015 17:51:50 PM

Dubai: Experts call for highest levels of transparency and disclosures for Islamic Financial Services Industry to ensure sufficient level of investors’ confidence. This was the crux of the IIFM Seminar on Islamic Financial Markets which held in Dub > read more

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