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BIBF launches state-of-the-art dealing room

10/29/2014 08:05:57 AM

BIBF’s state of the art dealing room went live during an event held under the patronage of Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain and Chairman of the Specific Council for Vocational Training, Banking Sector. BIBF’s [&# > read more

Batelco’s net profits up 11% to $108.5m in nine months

10/29/2014 07:55:28 AM

Manama: With subscribers base surged by 5% to 9.3 million, Batelco Group (Ticker: BATELCO), the international telecommunications Group with operations across 14 countries, on Wednesday said that its net profits were up 40% and 11% to $108.5 million i > read more

Rights Issue trading kick off at ADX

10/28/2014 00:41:41 AM

Abu Dhabi: Abu Dhabi Securities Exchange (ADX) has started applying Rights Issue trading. ADX approved Eshraq Properties, listed on ADX under the ticker symbol ESHRAQ, capital increase through a rights issue of the amounts of Dh600 million. The Dh600 > read more

Violence can’t derail Bahrain’s democratic pursuit

10/28/2014 00:32:26 AM

Manama: The Cabinet on Monday highlighted the Kingdom’s commitment to hold elections which built upon the foundation of universal norms in line with country’s constitution. His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prin > read more

AUB reports net profit of $376.3m in nine months

10/28/2014 00:30:43 AM

Manama: Bahrain-based Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its shareholders of $376.3 million for the nine months ended 30 September 2014. This reflected an increase of 30.1% over the core net profit of US$ 289.3 [̷ > read more

Bapco reviews operational excellence requirements

10/27/2014 18:21:37 PM

Awali: The Bahrain Petroleum Company (Bapco) and Chevron, Bapco received Chevron Operational Excellence Audit Leader Vicky Hobbs and Advisor Bill Sanderford on a three-day visit to the company, to arrange for its 2015 Operational Excellence Review re > read more

BCCI Chairman particiaptes in Arab-British Economic Forum

10/27/2014 18:14:27 PM

London: Chairman of Bahrain Chamber of Commerce and Industry Khalid Al Moayed has participated in the 2nd Arab-British Economic Forum which took place in London-UK. Al Moayed praised the depth of the economic and trade relations between the United Ki > read more

Training serves as a vital pillar to business growth

10/27/2014 18:07:02 PM

Manama: Industry and Commerce Minister Dr. Hassan Abdulla Fakhro stressed the importance of training as a key to the sustained business growth. The Minister was speaking as he opened Euro Gulf Events Protocol Co workshop organized by International Pr > read more

S&P assigns BBB- rating to DIFCI, outlook stable

10/27/2014 17:35:18 PM

Paris: Standard & Poor’s Ratings Services assigned its BBB- long-term corporate credit rating to Dubai-based real estate group DIFC Investments LLC (DIFCI). The outlook is stable. “Our rating reflects DIFCI’s stand-alone credit profile > read more

JIB reports $46.83m profit for Q3

10/27/2014 17:32:27 PM

Amman: Jordan Islamic Bank (JIB), a subsidiary banking unit of Bahrain-based Al Baraka Banking Group B.S.C. (ABG), has reported $46.83 million profit for the third quarter of the year. The Bank has announced the financial results achieved till 30 Sep > read more

Bahrain Bourse becomes the share registrar for Zain

10/27/2014 17:18:15 PM

Manama: Bahrain Bourse (BHB) and Zain Bahrain B.S.C. on signed an agreement to assign Bahrain Bourse as a share registrar for the shares of Zain Bahrain. The agreement was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa [̷ > read more

InterCont Regency Bahrain launches mobile application

10/27/2014 01:28:20 AM

Manama: InterContinental Regency Bahrain, one of the leading five star hotels in the Kingdom, announced the launch of their new fully integrated Mobile Application during a press conference that was held at the hotel. An official presentation of the > read more

Bahrain police arrests suspects in Sitra arson case

10/24/2014 21:39:08 PM

Manama: The Chief of Public Security, Major-General Tariq Al Hassan announced on Friday the arrest of four suspects in the arson attack on two cars of a parliamentary election candidate on October 20. The fire also damaged four other cars. […] > read more

BCFC raises $53m from the market

10/24/2014 21:36:24 PM

Manama: Bahrain Commercial Facilities Company BSC (BCFC) has successfully closed a US$53 million floating rate, unsecured note issuance due in 2019. Arab Banking Corporation (ABC) was the sole Lead Manager. Trowers & Hamlins acted as lead counsel to > read more

Arson attacks on buildings cause BD6m loss

10/24/2014 20:53:47 PM

Mamama: The initial estimates of the losses incurred as the result of arson attacks on public infrastructure including the municipality building of the Northern Governorate located in Jidhafs which was set on fire by using highly flammable materials > read more

Island dispute may spark China-Japan war

10/24/2014 20:40:03 PM

There is an appreciable risk of war between China and Japan over the Senkaku/Diaoyu Islands, into which the US would be drawn, according to a new publication from the International Institute for Strategic Studies (IISS). Conflict is genuinely possibl > read more

Culprits face tough penalties for attacking candidates

10/24/2014 20:33:55 PM

Manama: Interior Minister Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa said that violators of the law who intimidate or threaten the candidates would face the harshest penalties that the law allows. The Minister said that the upcoming par > read more

Police Chief confirms arson attack on official building

10/24/2014 20:28:50 PM

Manama: The Chief of Public Security, Major-General Tariq Al Hassan provided an update on the details of the arson attack on the Jid Hafs municipality building that occurred on October 16. The Chief said four suspects had been arrested for […] > read more

Bahraini MP’s house burned in arson attack

10/24/2014 20:24:46 PM

The General Director of Northern Governorate Police announced that two cars of the former MP Ali Ahmed Al Dirazi were destroyed and his house was damaged in an arson attack in the Diraz area. The operations room received a call […] > read more

Extra-judicial killings of Sunnis in Iraq on the rise

10/24/2014 20:20:50 PM

Media reports provide credible evidence that intimidation and extra-judicial killings of Sunnis have significantly increased since the summer, with evidence of complicity by Shia militias, according to IISS analysis. “Employment of Shia militias in > read more

Ayadi Diyar Homes Villa won by a Bahraini

10/22/2014 10:09:59 AM

Bahrain: BMI Bank, a subsidiary of Al Salam Bank – Bahrain, announced that Mohammed Ebrahim Alattar is the fourth Ayadi grand prize winner of a luxurious three-bedroom Diyar Homes Villa. In addition, the savings scheme has also awarded five luc > read more

Tamkeen-BiSB inks BD10m finance agreement

10/22/2014 09:56:36 AM

Manama: Tamkeen and the Bahrain Islamic Bank (BiSB) have signed an agreement to increase their enterprise financing portfolio by BD10 million as part of the Enterprise Financing Scheme that Tamkeen offers in partnership with various partner banks in > read more

ABG and its subsidiaries receive global accolade

10/21/2014 00:44:44 AM

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

Ithmaar Bank employees achieve excellence

10/21/2014 00:35:42 AM

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

BBK’s net profits up 8% to BD37.3m

10/21/2014 00:28:44 AM

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

ISIL oil revenues estimated at $800m

10/21/2014 00:19:21 AM

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

GCC economies on the right path of growth

10/20/2014 23:17:01 PM

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

Takaud gets new CEO

10/20/2014 01:54:22 AM

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

Bahrain to introduce new law on stalled realty projects

10/19/2014 16:49:00 PM

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

Bahrain to further develop its telecom excellence

10/19/2014 16:47:05 PM

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

Bahrain Cabinet praises swift electoral process

10/19/2014 16:36:18 PM

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

Akyumen Technologies to establish a facility in Bahrain

10/18/2014 03:09:25 AM

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

MCEA ties up with AJM Kooheji Group

10/16/2014 01:57:08 AM

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

Bahrain police arrests suspects in bus arson attack

10/16/2014 01:21:17 AM

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

Bapco participates in Six Sigma forum

10/16/2014 01:19:32 AM

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

Batelco pivotal in reshaping Bahrain’s status as ICT hub

10/16/2014 01:17:10 AM

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

Batelco offers best small enterprise services

10/16/2014 01:10:17 AM

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

BBK India eyes INR 500m in NRIs mortgage loans

10/16/2014 00:38:42 AM

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

Economic stability impacts positively on real estate

10/15/2014 16:13:40 PM

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

Bahrain forbids use of worship places as election tool

10/15/2014 16:01:09 PM

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

GOIC completes study on Bahrain’s water security

10/15/2014 13:49:27 PM

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

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

10/15/2014 13:33:04 PM

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

600 exhibitors from 30 countries signup for Jewellery Arabia

10/14/2014 00:26:04 AM

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

ABIB honours winners of 1st monthly draw

10/13/2014 22:51:18 PM

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

Alba’s sales figures up 2.3% in Q3

10/13/2014 22:44:10 PM

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

Islamic insurance sector eyes double digit growth

10/13/2014 22:38:46 PM

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

Bahrain implements stringent regulations for financial sector

10/13/2014 22:34:58 PM

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

Batelco injects millions of dollars for its network upgrade

10/13/2014 14:32:48 PM

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

Sabah Almoayyed to lead PineBridge Investments board

10/13/2014 14:21:10 PM

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

Islamic banks to represent 30% of GCC banking market

10/13/2014 13:41:57 PM

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

GFH’s liquidity, leverage and funding in stable position

10/13/2014 13:31:21 PM

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

Zalagh: a leader in domestic commodity in Morocco

10/13/2014 13:25:05 PM

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

Bahrain becomes the launching pad for UN Arabic survey

10/11/2014 10:42:58 AM

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

Bahrain ranks 7th in UN Online Services Index

10/11/2014 10:40:42 AM

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

Tunis Financial Harbour inks no deal with Makni Group

10/09/2014 13:28:53 PM

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

GFH to appeal against CMA Kuwait’s disciplinary action

10/09/2014 13:27:43 PM

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

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

10/09/2014 12:55:13 PM

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

Kuala Lumpur Int Tattoo show begins on Friday

10/09/2014 12:42:33 PM

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

US regains lost glory of being a trendsetter economy

10/09/2014 12:28:40 PM

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

Bahrain among top 20 nations globally in eGovernment

10/09/2014 12:05:02 PM

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

Global accolade is good for Bahrain’s branding

10/08/2014 07:05:58 AM

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

Al Hawaj unveils Bentley for men absolute

10/08/2014 06:46:41 AM

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

Alba celebrates Eid with children at hospitals

10/06/2014 16:47:26 PM

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

Alba supports Awali Golf Club

10/06/2014 16:46:19 PM

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

Minister assures support to trade, commercial sectors

10/06/2014 16:44:33 PM

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

Public-private sector plays pivotal role for food security

10/06/2014 16:42:12 PM

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

Fruits, vegetable supplies remain intact during Eid

10/06/2014 16:39:16 PM

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

Bahrain-Sri Lanka keen on enhancing economic tires

10/06/2014 16:35:38 PM

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

Euro Motors, Jaguar Land Rover showcases wide range

10/06/2014 16:33:47 PM

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

Bahrain remains destination of a choice for investors

10/06/2014 16:31:44 PM

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

Commercial activities serve as catalyst to growth

10/06/2014 16:29:26 PM

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

Etihad wins top accolade at Munich Forum

10/06/2014 16:26:30 PM

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

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

10/01/2014 02:12:26 AM

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

Minister says objectivity remains a key for media

10/01/2014 01:35:16 AM

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

No need of international observers during elections

10/01/2014 01:32:28 AM

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

Court jails 15-Asians in money laundering case

10/01/2014 01:07:25 AM

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

Hundred Bahrainis among ISIS fighters

10/01/2014 01:02:06 AM

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

Bahrain gets $100m leisure, retail project

09/30/2014 11:14:36 AM

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

Tamkeen rolls out new Enterprise Support Programme

09/30/2014 10:58:38 AM

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

Phase of easy money is over: Tamkeen Chairman

09/30/2014 10:50:17 AM

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

Court revokes nationality of nine convicts

09/29/2014 23:14:32 PM

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

Shaikh Khalid lays foundation stone for BD19m project

09/29/2014 23:09:50 PM

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

BCCI-Tamkeen explores avenues of co-operation

09/29/2014 23:04:05 PM

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

Tamkeen’s strategy opens a new era for labour reforms

09/29/2014 11:03:23 AM

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

Tamkeen concludes deliberations on 4-pronged strategy

09/29/2014 08:30:06 AM

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

Cabinet congratulates HM King, people on Eidul Adha

09/28/2014 08:05:26 AM

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

Cabinet Okays restructuring of the BECA

09/28/2014 08:03:09 AM

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

Bahrain renews contract with Microsoft Corporation

09/28/2014 08:01:57 AM

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

Electricity & Water services levels improved substantially

09/28/2014 08:00:01 AM

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

Etihad equips Emiratis with world class education

09/28/2014 07:36:32 AM

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

Inadequate human capital continues to haunt GCC

09/28/2014 07:34:56 AM

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

NREC secures KD154.4m refinancing facility

09/28/2014 07:30:31 AM

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

IIRA assigns BB fiduciary ratings to GFH

09/28/2014 07:29:36 AM

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

GCC Electricity Grid saves up to $6.8b

09/28/2014 07:28:10 AM

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

Rahat Fateh Ali Khan to perform in Bahrain

09/28/2014 01:44:19 AM

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

Bahrain Steel closes $340m revolving credit facilities

09/22/2014 01:02:41 AM

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

Bahrain-Pakistan dual nationality pact soon

09/21/2014 18:38:27 PM

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

HM King Hamad hails Bahrain-Pakistan deep-rooted ties

09/21/2014 18:35:16 PM

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

Steps needed to maintain competitive edge of Bahrain

09/21/2014 12:19:33 PM

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

Bahrain denies postponing general polls

09/21/2014 12:18:16 PM

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

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