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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

Palmyra fall enhances grip of Islamic State in Iraq

05/22/2015 17:49:44 PM

LONDON: The capture of Palmyra/Tadmur is significant for a number of reasons. It further expands Islamic State’s territorial control, reinforcing its position as the single opposition group that controls the most territory in Syria, according to Ma > read more

CIBAFI to host workshop on liquidity risk management

05/22/2015 17:48:25 PM

MANAMA: Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, will hold a Technical Workshop on Liquidity Risk Management in Four Seasons Hotel, Bahrain on June 9 & > read more

Over 82% firms see emerging markets as key for growth

05/22/2015 17:46:21 PM

LONDON: Emerging-market companies seeking growth further abroad will drive a steep increase in the size and complexity of their supply chains, as firms aim to control costs and cater to rising middle class populations in developing economies, says a > read more

Yet another year of lackluster growth for global economy

05/22/2015 17:22:17 PM

LONDON: Try as hard as it can, the global economy has not been able to break out of the 2.5–3% growth range experienced since 2011. The pattern of gradual acceleration in advanced economies and deceleration in emerging markets is set […] > read more

US carriers make false claims against GCC airlines

05/22/2015 17:13:47 PM

MANAMA: The claims made by the three U. S. carriers that Etihad Airways and other Gulf carriers are damaging their business and taking ’their’ passengers, are not only false, but also arrogant, according to an Etihad Airways executive. “The US > read more

Bahrain condemns terrorist attack in Kudeih

05/22/2015 16:27:41 PM

MANAMA: The Kingdom of Bahrain has strongly condemned the terrorist explosion which targeted the “Imam Ali Ibn Abi Taleb” mosque in Kudeih in the Qatif province in Saudi Arabia, which killed a number of innocent people and wounded several > read more

Terrorist attack aims to capitalize on anti-Shia rhetoric

05/22/2015 16:26:10 PM

LONDON: The terrorist attack on mosque in Kudeih is intended to provoke a Shia response and to capitalise on anti-Shia rhetoric coming from pro-government Saudi clerics, according to Firas Abi Ali, Head of Middle East Analysis at IHS Country Risk. [& > read more

Cabinet hails Bahrain-US strategic partnership

05/18/2015 19:45:57 PM

Gudaibia Palace: The cabinet has welcomed the outcomes of the GCC-US Summit, held recently in Camp David, noting that they will consolidate the existing “strategic partnership” between the two sides. Chaired by His Royal Highness Prime Mi > read more

Bahrain to withdraw subsidy on meat from August

05/18/2015 19:44:50 PM

GUDAIBIA PALACE: The Kingdom of Bahrain to withdraw the meat subsidy from August 1st, 2015, according to the Cabinet. The cabinet on Monday discussed the implementation of a new mechanism aiming to ensure that government meat subsidies will benefit t > read more

Zero tolerance to financial irregularities in Tamkeen

05/18/2015 19:33:34 PM

SEEF: With the overwhelming positive feedback following the Tamkeen’s revamp of Entreprise Support Programme, Tamkeen Chairman has reiterated the zero tolerance policy to financial irregularities and vowed to fight this menace to a logical end. The > read more

Sukuk: an efficient alternative model of financial investment

05/18/2015 19:04:11 PM

MANAMA: The Islamic funds have become a viable and efficient alternative model of financial investment, according to a senior official at the Central Bank of Bahrain (CBB). “There are opportunities for more effective and efficient channeling of the > read more

Over $2t Islamic finance reaches new markets globally

05/18/2015 19:02:51 PM

MANAMA: The Islamic financial assets globally reached US$2.1 trillion as of the end of 2014 and also got access to new markets, including various new destinations of European region, Korea, Australia, Brazil, Malta, China and many more, according to > read more

Mutual Funds assets reach $7b in Bahrain

05/18/2015 19:01:33 PM

MANAMA: the mutual funds industry has emerged as one of the fastest growing segments of the financial sector in the Kingdom of Bahrain. “With approximately US$ 7 billion in assets under management, through more than 2,800 funds, the industry has [& > read more

Batelco clinches top award for customer experience

05/17/2015 10:24:15 AM

Manama: Batelco, Bahrain’s leading Communications Solutions Company was presented with the Best CEM (Customer Experience Management) Brand award at the 4th CEM in Telecoms: Middle East Summit awards ceremony, which was held in Dubai recently. The A > read more

Harald Krüger takes over as Chairman of BMW AG board

05/17/2015 10:15:40 AM

MANAMA: As previously announced, Harald Krüger assumed the role of Chairman of the Board of Management of BMW AG with effect from the end of today’s Annual General Meeting. Krüger, who holds an engineering degree, was most recently Board of [R > read more

Bahrain eyes listing of over $80m REITs by year-end

05/17/2015 10:08:33 AM

MANAMA: Following the official start of listing of the Real Estate Investment Trust (REIT) on Monday 17th May, Bahrain Bourse is expecting to see the listing of $80million REITs to be listed by the year-end, according to a top official […] > read more

Top executive in Bahrain draws over $1m salary a year

05/17/2015 09:28:17 AM

Dubai, UAE: With some sectors witnessed 39% salaries hike, top executive salaries in Bahrain averages over $1 million. With the GCC’s economic growth once again on an upswing, pay packages are now seeing a return to form following the dip […] > read more

David McLean embarks on new yet a challenging journey

05/16/2015 00:31:51 AM

MANAMA: Banking and finance conference industry veterans David McLean and Sophie McLean have launched an exciting business specializing in high-profile international conferences for the global Islamic and ethical finance industry. Ethico Live! has be > read more

Weak oil prices may impact Bahrain’s property market

05/14/2015 01:38:25 AM

MANAMA: Renewed economic stability in Bahrain, which has stabilised the kingdom’s property market, has been tempered slightly by the weakness of oil prices, automatically affecting the level of office take up, job creation levels and therefore resi > read more

GFH net profit up 140% to $6m in Q1

05/14/2015 01:36:06 AM

Manama: Bahrain-based GFH Financial Group (GFH) reported a net profit of US$6 million for the quarter compared with US$2.5 million for the same quarter in the previous year, an increase of 140%. The bank announced its financial results for the [̷ > read more

SICO reports BD1.4m net profit in Q1

05/14/2015 01:34:14 AM

Manama: Bahrain–based Securities & Investment Company (SICO), reported a net consolidated profit for the three months ended 31 March 2015 o BfD 1.4 million compared with BD 2.6 million for the corresponding period in 2014. Operating income totalled > read more

Bahrain upgrades detention facilities to intl. standards

05/14/2015 01:33:10 AM

SEEF: As the Kingdom of Bahrain will open new detention buildings next week, the facilities for inmates are of international standards including the provision of natural lighting system and each cell fitted with TVs. Ombudsman Nawaf Al-Ma’awda > read more

Ombudsman visits new detention centers

05/14/2015 01:31:55 AM

MANAMA: Interior Ministry Undersecretary Major-General Khalid Salem Al-Absi and Ombudsman Nawaf Al-Ma’awda today paid a visit to the Reformation and Rehabilitation Centre (Jaw) amid preparations to open four new buildings next week. Two additio > read more

Bahrain’s reforms ensures press freedom

05/14/2015 01:25:36 AM

MANAMA: HRH Premier to honour under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, Bahrain will hold a ceremony to honour press and media personnel marking the Bahraini Press Day. The honouring ceremony will > read more

GFH wins back $90.64m illegal bonuses from top bosses

05/13/2015 02:19:57 AM

MANAMA: Bahrain-based GFH in a statement said that it had won case against two former Chairmen of the bank for claiming $90.64m as bonuses from 2005-08. The bank addressing the shareholders and the markets confirmed that the Bahrain Chamber for [R > read more

AUB reports a net profit of $147.2m for Q1

05/13/2015 02:10:44 AM

MANAMA: Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 147.2 million for the quarter ended 31 March 2015. The net profit reflected a surge of 7.8% in Q1/2015 as compared to US$ […] > read more

Govt. utilises all resources for infrastructure development

05/13/2015 02:07:23 AM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has affirmed that construction, development and economic growth top the government’s priorities, and, therefore, it is keen to create the best political, economic an > read more

Al Baraka Bank Egypt’s net income up 21% to EGP 63m

05/13/2015 01:57:11 AM

Manama: Al Baraka Bank Egypt, a subsidiary of Al Baraka Banking Group (ABG) and its investment arm in Egypt, reported a net income of EGP63m in Q1 2015, an increase of 21% over the same period last year. The bank […] > read more

Diversification can bring $17.7b to GCC economies

05/01/2015 03:42:09 AM

MANANA: If the GCC countries were to catch up to the average OECD level of diversification, the region could see additional gains of up to $17.7 billion. This is according to EY’s ‘Growth Drivers 2 report: Digging beneath the surface […] > read more

CBB takes over Future Bank, Iran Insurance Co

05/01/2015 03:37:41 AM

MANAMA: The Central Bank of Bahrain (CBB) on Thursday said that it was exercising its powers under the Central Bank of Bahrain and Financial Institution Law (Decree No. 64 of 2006) and, with immediate effect, placing Future Bank and Iran […] > read more

Malaysian Govt’s $1.5b sukuk attract $9b

04/30/2015 11:25:28 AM

Kuala Lumpur: International law firm Clifford Chance advised the joint lead managers, HSBC, CIMB Investment Bank Berhad, and Standard Chartered Bank, as joint lead managers, as to matters of English law and US federal securities laws in relation to o > read more

Criminals, money launderers target Middle East

04/30/2015 11:21:10 AM

Dubai, UAE: The Middle East has been a target of organised crimes particularly in money laundering and several governments in the region have enacted laws to tackle such financial crimes. In January this year, the Hashemite Kingdom of Jordan’s Sena > read more

Women in driving seat in banking sector in spotlight

04/30/2015 11:05:33 AM

MANAMA: The Central Bank of Bahrain (CBB) in cooperation with the Supreme Council for Women (SCW) hosted a roundtable discussion on the “challenges face by women in reaching lead positions in the financial sector.” Held at the Bahrain Bou > read more

Al Kooheji eyes 1st ever BMR 600 title

04/30/2015 10:58:42 AM

BIC, Al-Sakhir: Bahraini motor racing history will be made this weekend when the first-ever champion of the BMR 600 motorbike series will be crowned at a brilliantly floodlit Bahrain International Circuit (BIC). The BIC-bred, one-make championship wi > read more

ABC’s net profit down to $52m from $71M in Q1

04/30/2015 10:54:13 AM

Manama: Bahrain-headquartered Arab Banking Corporation (ABC) in a statement said that its consolidated Group net profit for the first quarter of 2015 was $52 million, down from $71 million reported for the same period last year. The bank in a [… > read more

Bahrain keen on achieving international standards

04/29/2015 08:25:29 AM

MANAMA: Zayed R. Alzayani, Minister of Industry and Commerce, who opened the ISO Forum titled of “Achieving International Standards”, said Bahrain was keen on achieving international standards. “The forum is being held for the first time in Bah > read more

Tamkeen supports Tatweer trainees programme

04/29/2015 08:17:12 AM

Manama: As part of the Tamkeen-Tatweer Petroleum Training and Employment programme for Technicians and Operators, which aims to provide Bahrainis with highly demanded skillsets and certifications to allow them to further grow and develop in their car > read more

JIB’s profits up 9% to $16.08m in Q1

04/29/2015 08:13:02 AM

Manama: Bahrain-based Al Baraka Banking Groups said that its subsidiary Jordan Islamic Bank (JIB) achieved net profits $16.08 million in Q1 2015 compared to about $14.67 million for the first quarter of 2014, an increase of 9%. Profits before tax [&# > read more

Batelco shows resilience in Bahraini market

04/29/2015 08:04:40 AM

MANAMA: Despite stiff competition, Batelco maintained a strong presence in the mobile market in Bahrain supported by its retention of high value post-paid residential and business customers, according to Batelco Group A/CEO Ihab Hinnawi. For the peri > read more

BNH reports BD1.6m net profit for Q1

04/29/2015 07:55:32 AM

Manama: Bahrain National Holding Company (BNH), the parent company of Bahrain National Insurance (bni) and Bahrain National Life Assurance (bnl), has announced a net profit of BD1.6 million for Q1 in 2015 at the same level as compared to the [… > read more

Batelco reports BD14.2m net profit for Q1

04/29/2015 07:41:00 AM

MANAMA: Batelco Group (Ticker: BATELCO), the regional Telecommunications Group with operations across 14 countries, on Wednesday reported net profit of BD14.2million for Q1. Batelco in a statement said that subscriber numbers across the Group continu > read more

Malaysia is emerging as top health tourism destination

04/29/2015 06:50:34 AM

MANAMA: Malaysia has been named as the best country in the world for healthcare by the International Living Asia 2015, thanks to the strict regulations enforced by the authorities to govern the sector in line with the highest safety standards. [̷ > read more

Tamkeen-BBS launches engineering arbitration certification

04/28/2015 19:53:45 PM

Manama: As part of its efforts to provide Bahrainis with the skills and qualifications needed to develop their careers, Tamkeen, in cooperation with the Bahrain Bar Society (BBS), launched an Engineering Arbitration certification specialized in settl > read more

BCCI unveils Bahrain Food Excellence Award

04/28/2015 19:51:36 PM

SANABIS: Under the patronage of Industry and Commerce Minister Zayed Al Zayani, the Food & Agriculture committee of Bahrain Chamber of Commerce and Industry launched “Bahrain Food Excellence Award” on Tuesday coinciding with the opening of the Fo > read more

INJAZ Bahrain announces winner of the Year Award

04/28/2015 19:49:12 PM

MANAMA: INJAZ Bahrain, a leading non-profit organization focused on youth economic empowerment, held its 7th “Company of the Year Competition” at the Diplomat Radisson, Hotel. The competition is INJAZ Bahrain’s annual celebration of the acc > read more

Bahrain to get indicators on Islamic banking health

04/28/2015 19:24:07 PM

Kuala Lumpur: The Kingdom of Bahrain is among the 15-countries who will get the Islamic Financial Services Board’s (IFSB) set of indicators on the financial soundness and growth of the Islamic banking systems. This initiative is in line with Articl > read more

Ypres Chemical Warfare still fresh in memories

04/28/2015 19:17:19 PM

New York, Manama: The events in Ypres in 1915 should be a distant memory – but the frightening truth is we are still grappling with the inhumane and indiscriminate effects of chemical weapons today. One hundred years after chlorine gas […] > read more

Gulf Air reaffirms its commitment to safety

04/28/2015 19:11:06 PM

Muharraq: Gulf Air, the Kingdom of Bahrain’s national carrier announced the successful completion of the internationally recognized, biennial IATA Operational Safety Audit (IOSA) – keeping the airline on the IOSA registry until May 2017. “We ap > read more

Over 2.3m killed every year in industry related accidents

04/28/2015 18:57:25 PM

LONDON: In the backdrop of 2.3 million killed every year in industry related accidents, British Safety Council re-affirms the importance of creating awareness of business benefits of good health and safety. With the World Day for Safety and Health at > read more

Ahmed Janahi at Alba scoops British Safety Council award

04/28/2015 18:50:48 PM

LONDON: The Health and Safety Champion award went to Ahmed Janahi at Aluminium Bahrain B.S.C., Askar, whilst the highly commended award went to Paul Waugh, Diageo Engineering Excellence Aero-Harm Programme. Lynda Armstrong OBE, Chair of Trustees, and > read more

GFH joins hands with Smile in support of charity drive

04/28/2015 18:43:47 PM

MANAMA: The Smile Initiative, in cooperation with GFH, the Bahrain based financial group, today announced plans to host a fundraising event, “Let’s Fly Kites”, in support of its Abjad Program, which provides teaching services and suppor > read more

Four Seasons ties up with Bentley Bahrain

04/28/2015 18:37:01 PM

MANAMA: Guests at Four Seasons Hotel Bahrain Bay can get a head start on summer, thanks to a special partnership with Bentley Bahrain giving registered Hotel guests the chance get in the custom designed seats of the new Mulsanne when […] > read more

ADP arrests an Arab national on copyright infringement

04/25/2015 16:27:20 PM

ABU DHABI: The Abu Dhabi Police arrested an Arab national for trying to share an Arabic movie (still showing in cinemas across Abu Dhabi and other Arab cities) against a subscription fee through an external URL (outside the UAE) . […] > read more

Batelco hosts Cisco ‘selling business outcomes’ training

04/25/2015 16:19:34 PM

Manama: Batelco, Bahrain’s leading business communication solutions provider and a Cisco Gold Partner in Bahrain, held specialised training for Batelco’s Account Management Team. The course, which provided an introduction to Selling Business Outc > read more

Over 70% world’s population live in urban areas by 2050

04/25/2015 16:13:06 PM

Abu Dhabi: Urbanisation is a key driver towards smarter cities. By 2050, over 70% of the world’s population will live in urban areas. Dubai has embraced plans to become one of the smartest cities on the planet. The Smart Cities […] > read more

Middle East spends less than 1% on cyber security

04/25/2015 10:16:33 AM

Dubai, UAE: The Middle East is spending just 1% on bolstering its cyber security amidst colossal loss of $575billion a year due to cyber-attacks world-wide, according to a latest report. The report reveals that globally, businesses and government ent > read more

TV represents 95% in $2b Arab visual media industry

04/25/2015 10:01:27 AM

Cairo: Mohamed Hefzy, the award winning Egyptian producer and director, and expert in Arab cinema industry, feels that the industry is still lacking a commercial approach, thus hampering its growth. He said that was a strong need for commercial mains > read more

AUB announces pricing for its $400m instrument

04/25/2015 09:53:14 AM

MANAMA: Ahli United Bank B.S.C. (AUB) has priced its maiden issue of USD Perpetual Additional Tier 1 securities at a competitive coupon of 6.875% p.a. It will issue a total of US$400 million of these securities against the originally planned [… > read more

BDB-Tamkeen joint enterprise portfolio reaches BD170m

04/24/2015 16:18:22 PM

MANAMA: With the signing of the latest BD 20million tranche, Tamkeen and Bahrain Development Bank (BDB) taking their joint enterprise finance portfolio to BD170 million. Through their partnership, Tamkeen and BDB provide sharia-compliant finance faci > read more

Stolen antiquities, artifacts being smuggled to global market

04/22/2015 12:46:54 PM

Seef District: Concerted efforts are needed to stop the smuggling of the rare antiquities and artifacts from the ancient cities of Iraq, Syria and other parts of the Middle East currently under the siege of Daesh and ISIS, according to […] > read more

Military force remains a short-term solution to defeat Daesh

04/22/2015 12:29:11 PM

MANAMA: With extremist groups called ISIS, ISIL, Daesh continue to attract foreign recruits from across the globe, the military strikes and use of force unlikely to yield end-goals in this conflict, according to a senior UN Diplomat. “The use of [& > read more

Bahrain Bourse to launch REITs next month: CEO

04/22/2015 11:06:06 AM

Seef District: Bahrain announced the plans to launch the Islamic real estate investment trusts (REITs) on Bahrain Bourse, according to a top official at the Bourse. “We also plan to launch the Bahrain Investment Market, an alternative market geared > read more

Regulations, best practices to bolster capital markets stature

04/22/2015 10:11:58 AM

Seef District: The securities market regulators within the region need to further upgrade the regulation to be in line with the best international standards and support mutual cooperation to further enhance the growth of the regional capital markets, > read more

Bahrain-Singapore looks beyond $455m trade

04/22/2015 03:54:39 AM

MANAMA: Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al-Khalifa affirmed Bahrain’s adopted policy of consolidating relations with countries that share common denominators and goals. He underlined the importance of constant cooperation > read more

Bahrain passport ranks 57th in latest Passport Power Index

04/22/2015 03:45:36 AM

MANAMA: The Kingdom of Bahrain’s passport has been ranked 57th in the latest Passport Power Index published on Wednesday. Passport Index rankings calculated on the basis of diversity, beauty and power of the world’s passports. Arton Capital, > read more

TRA hosts workshop on globalization of telecom industry

04/21/2015 17:59:59 PM

Seef District: Telecommunications Regulatory Authority (TRA) Bahrain held a workshop at their headquarters in the Seef District on the “Impact of Globalization of Telecom on Regulatory Activities.” The Authority invited experts to speak at the wo > read more

TRA investigates BD30,000 roaming mobile telephony bills

04/21/2015 17:57:45 PM

Seef District: The Telecommunications Regulatory Authority (TRA) has initiated an investigation of 12 complaints regarding mobile international roaming bills which have shocked consumers with a total value of around BD 30,000. “During the first qua > read more

TRA reviews the current schedule of fees for licensees

04/21/2015 17:55:16 PM

Seef District: In light of the increasing pace of competition in the telecommunications sector and efforts of telecommunications operators to provide the best and latest services in the Kingdom of Bahrain , the Telecommunications Regulatory Authority > read more

AFS organizes payment cards Security workshop for banks

04/21/2015 17:40:08 PM

Manama: Arab Financial Services (AFS), the leader in payment processing in the region, held a two day workshop on PCI DSS v. 3.0 implementation guidelines last week at AFS headquarters in Bahrain. The workshop was attended by over 20 participants [&# > read more

Growing conflicts in Middle East to fuel cyber attacks

04/21/2015 17:39:13 PM

LONDON: IHS Inc. (NYSE: IHS), the leading global source of critical information and insight, on Tuesday, at the Counter-terror Expo in London, released new analysis on the cyber-attacks in the Middle East. “Our analysis shows that there is a direct > read more

China’s $45b investments deepens strategic ties with Pakistan

04/21/2015 17:36:00 PM

LONDON: The finalised agreements represent a deepening of China’s strategic alliance with Pakistan and the first large-scale Chinese investment worth $45billion in a trade link connecting China to the Arabian Sea through Pakistan, according to Asad > read more

City Centre Bahrain reduces 16% electricity consumption

04/21/2015 17:26:12 PM

Manama: City Centre Bahrain has reduced electricity consumption by 16%, thanks to energy management and leadership in sustainability best practice. Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and Nor > read more

HRH PM urges Ministers to visit constituencies

04/20/2015 23:25:13 PM

GUDAIBIA PALACE: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa on Monday issued directives to Ministers to visit villages in order to acquire first-hand information about their needs through direct meetings with villagers and > read more

Bahrain-Saudi Arabia enjoys fraternal ties: Cabinet

04/20/2015 11:58:25 AM

GUDAIBIA PALACE: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has affirmed the importance of the recent visit of His Majesty King Hamad bin Isa Al Khalifa to Saudi Arabia and his fruitful talks with the Custodian […] > read more

SPE Kuwait Oil & Gas Show and Conference in October

04/20/2015 11:47:07 AM

Kuwait: Following the huge success of the first edition in 2013, the second edition of the SPE Kuwait Oil & Gas Show and Conference returns to Kuwait from 11–14 October 2015 at the Kuwait International Fair in Mishref. The event […] > read more

BBK’s net profit up 6% to BD14.9m in Q1

04/20/2015 11:42:44 AM

MANAMA: BBK on Monday said the bank recorded net profit of BD 14.9 million in the first quarter of 2015, 6% higher than the profit of BD 14 million reported for the same period of last year; increasing the earnings […] > read more

Hamilton claims second title at Bahrain F1 Grand Prix

04/19/2015 17:46:01 PM

BIC, Al Sakhir: British Lewis Hamilton roared to victory, clinching the 2015 Gulf Air Bahrain F1 Grand Prix. The thrilling night race, the fourth round of the 2015 Formula 1 World Championship, was held at the Bahrain International Circuit, the [R > read more

Dubai residential property prices to soften 5%

04/19/2015 17:37:49 PM

UAE: Residential property prices in Dubai may continue to soften by 1% to 5% in H1 2015, before stabilizing in the second half of the year, according to Deloitte’s predictions report for the Dubai real estate sector in 2015. Deloitte […] > read more

BAE system unveils eye-tracking technology in Bahrain

04/19/2015 17:31:30 PM

Manama: Coinciding with the 2015 Gulf Air Bahrain Formula One Grand Prix, visitors to the British Embassy’s GREAT Advanced Engineering & Innovation event at the Ritz Carlton in Manama on Sunday were able to see a new eye-tracking technology demonst > read more

Tadhamon Capital exists from UK’s real estate project

04/19/2015 17:25:46 PM

Manama: Tadhamon Capital, the Bahrain based Islamic investment company announced its successful exit from Paris Gardens, its first investment in a Central London student accommodation property. The sale of the 253 bed property, which was developed in > read more

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