Bapco supports Nasser 7 football tourney

MANAMA: The Bahrain Petroleum Company (Bapco) recognised for its co-sponsorship of the Nasser 7 Ramadan Football Tournament, which..

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Bapco supports Nasser 7 football tourney

07/26/2014 10:08:59 AM

MANAMA: The Bahrain Petroleum Company (Bapco) recognised for its co-sponsorship of the Nasser 7 Ramadan Football Tournament, which was held from 2-22 July 2014 under the kind patronage of HH Sheikh Nasser bin Hamad Al Khalifa, Chairman of the Supreme

ABC Islamic net profit up 25% to $7.5m

07/26/2014 10:03:13 AM

Manama: ABC Islamic Bank on Saturday said its net profit for the first half of 2014 was up 25% to $7.5 million, compared with $6 million reported in the first half of 2013. Total operating income rose to $10.7 million, […]

Deloitte tops in security consulting services

07/26/2014 10:02:08 AM

Deloitte Touche Tohmatsu Limited (DTTL) announced that Deloitte ranked number one globally, based on revenue, in Security Consulting Services by Gartner for the second consecutive year in their recently released market share analysis entitled Market

Al Hawaj hosts 20th annual gabgha

07/26/2014 09:36:38 AM

MANAMA: Al Hawaj, one of the leading perfumery and trading houses in the region, hosted the 20th traditional Gabgha for media at Al Hawaj Graden in Budaiya. The event was attended by over 200 invited media reps and guests, members […]

SICO profit up 166% to BD 5.1m in H1

07/26/2014 09:22:16 AM

MANAMA: Bahrain-based Securities & Investment Company (SICO), net profit for the first half of 2014 increased by 166% to BD 5.1 million (H1 2013: BD 1.9 million). The bank said its operating income grew by 87% to BD 8.2 million […]

Over $45m cash windfall for Alba shareholders

07/26/2014 09:10:10 AM

MANAMA: The board of directors of Aluminium Bahrain (Alba) which announced its second quarter and first half of 2014 on Saturday results proposed interim dividend of BD16.9 million ($45million). “Alba was able to deliver another strong operational

S&P affirms A/A-1 ratings on ANB

07/25/2014 14:54:36 PM

PARIS: Standard & Poor’s Ratings Services affirmed its A/A-1 long- and short-term counterparty credit ratings on Arab National Bank (ANB). The outlook remains positive. “The affirmation reflects our view of ANB’s sound business and

Ukraine government falls apart as coalition collapses

07/25/2014 14:47:45 PM

MANAMA: The demise of Ukraine’s government was not unexpected, according to Alisa Lockwood, Head of Europe/CIS, IHS Country Risk. “The coalition was always a fragile one, and pressure had been building for early elections in any case. The par

IATA Chief: despite accidents air travel is still safe

07/25/2014 14:29:38 PM

MANAMA: Despite unfortunate accidents of MH17, GE222 and AH5017, air travel is still safe, according IATA Chief. “This has been a very sad week for everyone involved with aviation. Our heartfelt sorrow goes to all those who have lost their […

Batelco reports net profit of BD24.9m for H1

07/25/2014 14:21:10 PM

MANAMA: Batelco Group on Friday reported net profit of BD24.9million (US$66m) versus BD25.3million (US$67.1m) for the corresponding period in 2013, a slight decrease of 1% year over year and a 28% decrease since last quarter. Batelco, the internation

AFS unveils three new products, services

07/23/2014 08:38:13 AM

MANAMA: Bahrain-based Arab Financial Services (AFS), one of the leading payment processors in the region, announced the formal launch of three new products that will be offered to all their member banks. AFS, subsidiary of the Arab Banking Corporatio

BNH half yearly net profit up 23% to BD2.3m

07/23/2014 08:24:54 AM

MANAMA: Bahrain National Holding Company (BNH) the parent company of Bahrain National Insurance (bni) and Bahrain National Life Assurance (bnl), has announced a group net profit of BD2.34m for the six months ending 30th June 2014 compared to BD1.90m

Majid Al Futtaim reports Dh12.8b revenues

07/23/2014 08:14:52 AM

Dubai: Majid Al Futtaim on Wednesday said that its six months revenues were up 14 per cent to AED12.8billion compared to the first half of last year. The company reported its preliminary and unaudited operational and financial results for the […

Batelco delivers 4G/LTE roaming in KSA

07/23/2014 07:54:40 AM

Batelco, the Kingdom of Bahrain’s leading telecommunications services provider meets the needs of its customers travelling in Saudi Arabia by providing LTE Data Roaming services. Batelco was first to launch the beneficial service earlier this year.

Bahrain-Sri Lanka explores JVs opportunities

07/23/2014 07:52:34 AM

MANAMA: The Bahrain Chamber of Commerce and Industry (BCCI) board members, local businessmen and Sri Lankan investors during a meeting at Beit Al-Tejjar explored joint investment opportunities between Bahrain and Sri Lanka. “The meeting followe

Fitch affirms Nakilat’s bonds at A+/A-

07/23/2014 07:48:37 AM

London: Fitch Ratings has affirmed Nakilat Inc.’s $850m series senior secured bonds due 2033 at A+ with outlook stable. The $300m series a subordinated second priority secured bonds due 2033 affirmed at A- with outlook stable. The rating affirm

Emirates celebrates 25 years service to Kuwait

07/23/2014 07:37:07 AM

DUBAI: Cabin crew has just 20 minutes to deliver Emirates’ in-flight service on the world’s shortest A380 flight. This is just one of the behind the scenes insights provided by a short video made around the launch of Emirates’ A380 […]

European carriers halt flights to Israel

07/23/2014 07:25:48 AM

Israeli aviation officials and diplomats will be highly concerned by the move from several major international airlines to suspend flights to Israel and Hamas will no doubt claim a major propaganda victory. Ben Vogel, Editor of IHS Jane’s Airport R

Bahrain embarks towards digital economy

07/23/2014 07:19:58 AM

MANAMA: Efforts to strengthen Bahrain’s digital economy will begin in earnest next year when the kingdom launches a major upgrade of its broadband internet infrastructure. “Bahrain plans to roll out a new fibre optic cable network over a four

Bahrain’s health insurance soars 10% to BD40m

07/23/2014 07:07:37 AM

MANAMA: Medical insurance witnessed a growth of almost 10% in gross premiums or contributions to register BD 40.83 million (US$ 108.30 million) in 2013 compared to BD 37.17 million (US$ 98.59 million) in 2012. “Medical insurance premiums/contri

BBK achieves half-yearly net profit of BD27.2m

07/21/2014 09:19:19 AM

MANAMA: Murad Ali Murad, Chairman of the Board of Directors of BBK, announced that the bank’s board of directors approved the financial results for the six months ended 30th June 2014, where the Bank registered net profit of BD 27.2 […]

Nasdaq Omx powers Bahrain Bourse trading engine

07/21/2014 09:05:03 AM

New York/Manama: Bahrain Bourse and NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), announced that Bahrain Bourse has gone live with their new trading engine, powered by NASDAQ OMX’s X-stream trading platform. The project went live last week by providing

‘Palestine State with Al Quds its capital is only option’

07/21/2014 08:46:24 AM

MANAMA: The Chairman of the Shura Council’s Foreign Affairs, Defence and National Security Committee Shaikh Khalid bin Khalifa Al Khalifa, of Bahrain’s leadership and people attentively follow up the situations in Palestine, and feel sorr

Putin supports dialogue in Eastern Ukraine

07/21/2014 08:42:33 AM

Russia’s President Vladimir Putin assured that his country would do everything to ensure security in Eastern Ukrainian site of Malaysian Airliner crash. “Russia’s President Vladimir Putin issued a brief video statement overnight on Monday 21 Ju

Arabs reject Israeli aggression as crime against humanity

07/21/2014 08:38:59 AM

MANAMA: The Kingdom of Bahrain on Sunday reiterated its strong condemnation of Israel’s settlement policies, aimed at swallowing up the Palestinian land and change its demographic structure. “Considering such policies moral and human crimes t

Etisalat’s half yearly profit up 19% to Dh4.5b

07/21/2014 07:24:50 AM

Abu Dhabi, United Arab Emirates: Etisalat Group announced its consolidated financial statements results for the first six months of 2014, with the net profit after federal royalty for the first half was Dh 4.5 billion, an increase of 19% year […

Bahrain ranks 4th in ‘Innovation’ in MENA region

07/21/2014 07:12:41 AM

Abu Dhabi: The Kingdom of Bahrain has been ranked 4th among the countries of the Middle East and North Africa (MENA) in terms of overall performance in the 2014 Global Innovation Index, published by Cornell University and the European Institute [R

UAE tops the ladder in Innovation in Middle East

07/21/2014 06:38:22 AM

Abu Dhabi: The UAE has been ranked first among the countries of the Middle East in terms of overall performance in the 2014 Global Innovation Index, published by Cornell University and the European Institute for Business Administration INSEAD and the

Batelco wins $212m claim in S Tel case

07/21/2014 06:18:20 AM

MANAMA: Batelco Group, the international Telecommunications Group with operations across 14 countries, has demanded full payment of the judgment debt totalling $212 million awarded by the English High Court of Justice against Chinnakannan Sivasankara

Necessary skills serve as a key driver to growth

07/19/2014 19:14:59 PM

MANAMA: His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister visited the Majlis of Shaikh Ibrahim bin Hamad Al Khalifa in Riffa, the majlis of Shaikh Mohammed Jaafar Al Jufairi

HH Shaikh Nasser launches fund in support of Gaza

07/19/2014 19:11:37 PM

MANAMA: Chairman of the Board of Trustees of the Royal Charity Organisation (RCO) Shaikh Nasser bin Hamad Al Khalifa inaugurated the week-long National Campaign fundraising campaign, launched by RCO’s National Committee for Supporting the Palestini

BCCI offers $100,000 in support of Palestinians

07/19/2014 19:08:42 PM

MANAMA: Bahrain Chamber of Commerce and Industry (BCCI) has affirmed support to His Majesty King Hamad bin Isa Al Khalifa’s initiative to provide assistance for the brotherly Palestinian People in Gaza, and announced the donation of $100,000, as pa

HM King calls for culture of peaceful co-existence

07/19/2014 19:05:47 PM

MANAMA: His Majesty King Hamad bin Isa Al Khalifa called upon all Bahrainis to unify their stances, by joining ranks and promoting the values of solidarity, fraternity and compassion. HM also urged to spread the culture of tolerance and co-existence

Asian duo caught red-handed for selling liquor

07/19/2014 19:03:09 PM

MANAMA: The Director-General of the Northern Governorate Police announced that an Asian man and woman were caught red-handed possessing and selling alcohol and intoxicated products in Budaiya. After obtaining warrants from the Public Prosecution, pol

Fund-raising for Palestinians fetches $5.5m

07/19/2014 19:01:46 PM

MANAMA: Secretary-General of the Royal Charity Organisation (RCO) and CEO of the Bahrain National Committee for Supporting the Palestinian People in Gaza Dr. Mustafa Al-Sayad announced that more than $5.5 million had been raised so far. The nationwid

HM King denounces Israeli aggression on Gaza

07/19/2014 18:59:51 PM

MANAMA: HM the King Hamad bin Isa Al Khalifa on Saturday strongly denounced and rejected the brutal Israeli aggression on Gaza, calling on the international community to assume responsibility to compel all parties to respect the international law, to

KFH-B unveils $2.2m prizes for Libshara

07/19/2014 18:57:29 PM

MANAMA: KFH-Bahrain announced another first of its kind prize offering with its latest ‘Libshara’ Savings Account campaign with prizes totaling to $2.2 million. The prizes include three Luxurious Villas at Durrat Al Bahrain including cash Prizes

Ithmaar announces winner of $100,000 cash prize

07/19/2014 14:55:30 PM

MANAMA: Jamal Adli Anabtawi, a regular saver in Ithmaar Bank’s prize-based savings account, Thimaar, has won $100,000 in the Thimaar Quarterly Grand Draw. The draw, which was held last week at Ithmaar Bank headquarters under the supervision of a Mi

S&P affirms BBB rating on Takaful Re

07/18/2014 10:24:39 AM

DUBAI: Standard and Poor’s Ratings Services affirmed its BBB counterparty credit and insurer financial strength ratings on Takaful Re Ltd. (TRL). The outlook is stable. The ratings reflect our view of TRL’s fair business risk profile and

Deloitte gets new Managing Partner for Bahrain

07/18/2014 10:17:57 AM

MANAMA: Deloitte announced the appointment of Zahi Zeini, an Audit & Advisory partner with more than 20 years’ experience in the Middle East, to lead the firm’s Bahrain practice, effective August 1st, 2014. “The move reflects the strength o

Merger creates leading private wealth, law firm

07/18/2014 10:14:29 AM

LONDON: The partners of both Speechly Bircham and Charles Russell have voted overwhelmingly in favour of a merger which will create one of the world’s leading private wealth and business law firms. The new firm will sit within the top […]

Putin under pressure from West to do more

07/18/2014 09:54:03 AM

Following the alleged shooting down of Malaysian Airline plane killing 295 people on-board, Vladimir Putin will be under pressure from the West to do more to seek a peaceful resolution to the conflict in Ukraine. The report titled Russia’s Next [&#

GCC spends 0.3% of GDP on R&D

07/18/2014 09:47:19 AM

KUWAIT:Expenditure on research and development (R&D) has been minimal as in GCC average stands at 0.3% of GDP against 2.3% for OECD countries, according to a Markaz report. “GCC ecosystem for research and innovation is still in its infancy. Exp

Bapco achieves 1m hours without a LTI

07/18/2014 09:35:07 AM

MANAMA: Bapco and Contractor employees achieved a new record in safety by completing one million-hours without a Lost Time Injury (LTI). This important milestone reflects the ongoing efforts and dedication of Bapco and contractors employees to workin

KFH-B announces Libshara winner

07/18/2014 09:26:58 AM

Kuwait Finance House-Bahrain announced that the Grand Cash Prize for the June Libshara Savings Account draw of $10,000 was awarded to Jedia Rasheed Awadh. The prize was presented by Khalid Rafea, Executive Manager and Head of Retail Banking Group at

VIVA hosts Bahrain’s media at Ritz

07/18/2014 09:25:35 AM

In recognition of the continuous support and positive role played by the media and digital influencers, VIVA, the Kingdom’s most innovative telecom provider, hosted its annual Ramadan Ghabga at the company-sponsored Al Khayma tent at The Ritz-Carlt

Dr. Fakhro seeks to enhance efficiency of Ministry

07/18/2014 09:22:13 AM

MANAMA: In the framework to follow up the developments of issues related to Ministry affairs, Industry and Commerce Minister Dr. Hassan Fakhro chaired yesterday morning the periodic meeting with Ministry’s officials to stand on these developments a

Asian Oil & Gas Cos face no major risk in Iraq

07/18/2014 09:11:44 AM

Sydney/Singapore: Fitch Ratings has said that rated oil and gas companies in Asia Pacific have varied exposure to upstream operations in Iraq. While some upstream or integrated oil and gas companies are dependent on current or future production from

ABIB launches unqiue alBarakat account

07/16/2014 05:52:27 AM

MANAMA: Al Baraka Islamic Bank B.S.C (c) launched a new investment saving account alBarakat, which is an account that is compatible with the Islamic Shari’a and qualifies the accountholder to enter the periodical raffle on one of the valuable prize

MENA private equity segment raises $744m in 2013

07/16/2014 05:42:12 AM

Dubai:The total $744 million funds raised in 2013 compared to $863 million in 2012, a decline of 14% in the private equity sector in the MENA, according to a report. However, the report added, average close per fund increased to […]

CIBAFI members discuss future roadmap

07/16/2014 05:32:03 AM

MANAMA: Bahrain-based the General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, held its annual meetings in Jeddah, Saudi Arabia. The meetings, which included the inaugural Membe

Cathay Pacific scoops world’s best airline award

07/16/2014 05:28:30 AM

Cathay Pacific Airways has once again been named “World’s Best Airline” in the annual Skytrax World Airline Awards. This is the fourth time Cathay Pacific has received the World’s Best Airline honour – the only airline to achieve such a

Emirates operate 49 flights weekly to South Africa

07/16/2014 05:24:42 AM

Johannesburg, South Africa: Emirates, a global connector of people and places today announced that it will introduce a fourth daily flight between Dubai and Johannesburg effective 26th October 2014, lifting to seven the number of daily flights to Sou

Al Baker joins Cameron at Farnborough Airshow

07/16/2014 05:20:44 AM

Farnborough, United Kingdom: Qatar Airways Chief Executive Officer, Akbar Al Baker, joined the British Prime Minister, David Cameron, and the Chief Executive of Airbus Group, Tom Enders, at the official opening of the Farnborough Air Show 2014 in Sou

New rule will impact positively on hospitality sector

07/14/2014 12:55:51 PM

MANAMA: Culture Minister Shaikha Mai bint Mohammed Al Khalifa said that new rule will not reflect negatively on the work of hotels, stressing that its ultimate goal is to improve the quality of services so as to preserve the Kingdom’s […]

Ban on liquor sale will boost family tourism

07/14/2014 12:52:34 PM

MANAMA: The Supreme Council for Islamic Affairs hailed all steps and decisions banning alcoholic drinks. In a statement issued on Monday, the council said the move was in line with the royal directives to change Bahrain into a destination for […

BMI Bank pledges BD40m towards Tamkeen scheme

07/14/2014 12:47:20 PM

MANAMA: Tamkeen and BMI Bank, a subsidiary of Al Salam Bank– Bahrain, announced an extension to their successful alliance providing Sharia-compliant financing for enterprises within the local private sector to fulfill their financial needs at a com

Al Eradah concludes its Iftar events

07/14/2014 07:26:47 AM

As part of its efforts to unify all segments of the Bahraini society, the National Association of Al-Eradah & Al-Taghieer (Will and Change) has concluded its Iftar get-togethers in areas of Dair, Hidd, Rass Roman and Hoora. “The political gains [&#

Middle East debt issuance reaches $18b in Q2

07/14/2014 07:19:42 AM

DUBAI: Middle Eastern debt issuance reached $18.0 billion during the second quarter of 2014, the all-time highest quarterly total recorded in the region, according to a report. Thomson Reuters released the quarterly investment banking analysis for th

GFH to acquire land worth $30m at DubaiLand

07/14/2014 06:55:59 AM

MANAMA: Bahrain-based Islamic investment bank, Gulf Finance House (GFH), on Monday said that it would pay $30 million for a plot of land to establish a new mixed-use residential development in its DUBAILAND district. According to the deal, GFH will [

BAC hosts Ramadan Ghabga for airlines

07/14/2014 06:34:52 AM

MANAMA: In line with the celebrations of the holy month of Ramadan, Bahrain Airport Company (BAC) hosted a Ghabga for Airlines that operate from Bahrain International Airport (BIA) at the Ramadan tent in the Gulf Hotel. Chief Commercial Officer of [&

Entrepreneurs: a key driver of economic growth, jobs

07/14/2014 06:27:13 AM

MANAMA: Entrepreneurs emerged as a key driver of this economic growth and the creation of jobs in Asia, Africa and the Middle East. Standard Chartered Private Bank, Campden Wealth Research launched their first Asia, Africa and Middle East HNW Report

Brazil eyes new investments from Middle East

07/14/2014 06:09:02 AM

DUBAI: The Arab-Brazilian Chamber of Commerce (ABCC) has expressed strong optimism over the Middle East as source of investments after a report from the United Nations Conference on Trade and Development (UNCTAD) showed the region recording high fore

X-stream goes live at Bahrain Bourse

07/14/2014 06:03:34 AM

MANAMA: The launch of the state-of-the-art new trading platform X-stream at the Bahrain Bourse has bolstered the Kingdom’s position as a leading regional financial center. Shaikh Ahmed bin Mohammed Al-Khalifa, the Minister of Finance who announ

Bahrain arrests 2 suspects in East Ekar terrorist attack

07/11/2014 19:29:39 PM

MANAMA: The General Director of Criminal Investigation and Forensic Science confirmed on Friday the arrest of two suspects on charges related to the terrorist blast on Friday July 4 in East Ekar that killed policeman Mahmood Fareed. The General Direc

A fugitive involves in mass murder arrested

07/11/2014 11:45:24 AM

MANAMA: Director General of Anti-Corruption and Economic and Electronic Security said that Abdulellah Mohammad Ali Hassan Al-Mahouzi was arrested at Frankfurt International Airport Germany, on the basis of a circular issued by the International Crimi

Fitch rates Kuwait Energy B- with stable outlook

07/11/2014 11:38:39 AM

Moscow/London: Fitch Ratings has assigned oil exploration and production company Kuwait Energy plc a long-term issuer default rating (IDR) of B- with a stable outlook. The agency has simultaneously assigned an expected senior unsecured rating of R

Bahrain embarks on $22b development projects

07/11/2014 11:31:15 AM

MANAMA: The Kingdom of Bahrain to witness massive infrastructure development with an estimated investment of $22 billion, according to a report published by the Bahrain News Agency (BNA). This was disclosed by His Royal Highness Prince Salman bin Ham

Batelco unveils 1st of its kind broadband combo deal

07/10/2014 11:43:48 AM

Batelco, Bahrain’s leading telecommunications provider is delighted to deliver a unique combination deal for its customers with a fantastic new residential and mobile Broadband Combo Package. The package is the first and only offer of its kind in B

IAA’s head of foreign media steps down

07/09/2014 19:46:37 PM

MANAMA: Shaikh Abdullah bin Ahmed bin Abdullah Al Khalifa head of foreign media at IAA on Wednesday told media that he was stepping down from his post immediately without assigning any reason. Shaikh Abdullah who has been pivotal in the […]

GFH to build a residential project at Dubailand

07/09/2014 12:09:36 PM

MANAMA: Bahrain-based Islamic investment bank, Gulf Finance House (GFH), on Wednesday said that it signed a land sale agreement with Dubai Properties Group (DPG) to establish a new mixed-use residential development in its DUBAILAND district. The proj

Al Homaizi, Al Rifai settles their dispute amicably

07/09/2014 11:59:27 AM

MANAMA: Al Homaizi and Al Rifai have settled their differences and all litigations have been withdrawn. According a statement the settlement was a part of an amicable settlement reached between the parties. Al Rifai Nuts and Confectionery Limited (AR

Families of deceased policemen to sue killers

07/09/2014 11:55:06 AM

MANAMA: The Assistant Undersecretary of Legal Affairs of the Interior Ministry announced on Wednesday that a number of families of policemen who have been killed in the line of duty have requested to file legal cases against those who caused […

Al Wefaq meeting with US official raises legal issues

07/09/2014 11:54:00 AM

MANAMA: The Assistant Undersecretary of Legal Affairs announced that the General Directorate of Criminal Investigation and Forensic Science summoned on Wednesday the General Secretary of Al Wefaq, Ali Salman Ahmed, and Al Wefaq Member Khalil Ibrahim

Bahrain’s economy on the right path of diversification

07/08/2014 09:48:58 AM

MANAMA: Bahrain has redefined its economic landscape during the last one decade, bringing through new areas of the economy for development, while also moving forward with ambitious plans for its oil sector. “Bahrain’s push to begin broadening its

US still considers Middle East as key energy market

07/08/2014 09:40:39 AM

The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and China. This trend will result in new sources of supply, increase competition, reshape the global geopoli

KFH-B becomes Official Banking Partner of BIC

07/08/2014 09:17:11 AM

MANAMA: Kuwait Finance House–Bahrain (KFH-B) signed a strategic partnership agreement with the Bahrain International Circuit (BIC) to become its Official Banking Partner. The signing ceremony was held at the KFH-B’s headquarters at the Bahrain Wo

Alba’s production up 2.5% to 464,012mt

07/08/2014 09:10:36 AM

MANAMA: Aluminium Bahrain B.S.C (Alba) in a statement said that the smelter continued to build momentum with its production figures up by 2.5% YoY to reach 464,012 metric tonnes in the first half of 2014 (versus 452,727 mt in H1 […]

VIVA joins club of 670m mobile users

07/08/2014 09:02:43 AM

VIVA, the leading telecom operator in the Kingdom of Bahrain and a subsidiary of STC Group, has joined Bridge Alliance as the newest alliance member with the aim to leverage collaboration in regional enterprise mobility and M2M services. The addition

HRH Premier says nothing can hinder development

07/06/2014 12:41:11 PM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa underlined Bahraini government’s resolve to set up Bahrain’s future despite the challenges facing the development process. HRH Premier called for unity and coh

Cabinet condemns murder of a police officer

07/06/2014 12:37:18 PM

MANAMA: The terror attack in Eastern Eker, which claimed the life of a policeman was denounced by the Cabinet on Sunday. The Official Government Spokesperson and State Minister for Information Affairs Sameera Rajab told reporters that during the week

Cabinet Okays investment treaties with Russia, Tajikistan

07/06/2014 12:32:45 PM

MANAMA: A memorandum on a proposed law ratifying an agreement on the encouragement and protection of investments between both the Kingdom of Bahrain and the Russian Federation was approved by the Cabinet. The Official Government Spokesperson and Stat

BMI Bank gets new board of directors

07/06/2014 07:32:13 AM

MANAMA: BMI Bank, a subsidiary of Al Salam Bank– Bahrain, announced that its newly board of directors had unanimously elected Salah Saleh Asheer, a senior and experienced Bahraini banker, as Chairman and Habib Ahmed Kassim as the deputy chairman at

JLL advises on sale of 5-star Movenpick Hotel Dubai

07/06/2014 07:30:19 AM

DUBAI: JLL announced that it was instrumental in directing the successful sale of the 5-star Movenpick Hotel, Jumeirah Beach Residence in Dubai. The asset, a 294-key hotel has been operational for four years, and was acquired by an investment vehicle

Terrorist attacks won’t derail reforms process

07/06/2014 07:28:27 AM

MANAMA: His Majesty King Hamad bin Isa Al-Khalifa strongly condemned the terror blast which left one policeman dead as he was performing his duty in East Eker. “The martyr of duty Mahmoud Fareed is the victim of the treacherous enemies […]

Policeman gets jail for excessive use of force

07/06/2014 07:26:43 AM

MANAMA: The Lower Criminal Court has sentenced a policeman to one month in prison for using excessive force in confronting rioters in Khamis. The case was one of seven complaints referred last month (June) by the Ombudsman General-Secretariat to the

BCCI plans business councils with all friendly nations

07/06/2014 07:25:30 AM

MANAMA: The Bahrain Chamber of Commerce and Industry announced a plan to setup business council with all friendly nations with an aim enhance the scope of business. The year 2014 will mark BCCI’s Diamond Jubilee as the BCCI board today […

Bahrain to adopt GCC smart ID cards in all transactions

07/06/2014 07:24:11 AM

MANAMA: In its continuation to build as an exemplar regulator within the Arab region, the Telecommunications Regulatory Authority of the Kingdom of Bahrain has directed all operators to officially adopt GCC smart ID cards in all transactions in line

Mobile media and adverts to generate $90b

07/06/2014 07:21:20 AM

IHS forecasts that total revenues from mobile media and advertising will pass $90 billion in 2018 up from $53 billion in 2014. “Mobile advertising will become the leading mobile business model, overtaking paid content revenues in 2015,” J

Bahrain starts screening fund transfers, travelers

07/05/2014 08:00:02 AM

MANAMA: The Kingdom of Bahrain has taken major steps to keep away from the regional conflicts including the screening of funds and travellers to various destinations. Public Security Chief, Major General Tariq Al-Hassan underling the steps which have

Police Chief warns not to join jihadists

07/05/2014 07:58:18 AM

MANAMA: Public Security Chief, Major General Tariq Al-Hassan, renewed the Interior Ministry’s warning to citizens about participating in fighting in regional or international conflicts, or joining extremist religious groups or providing financi

A policeman dies in a terrorist attack in Bahrain

07/05/2014 07:45:38 AM

MANAMA: The terrorist attacks continue in Bahrain even during the Holy Month of Ramadan as terrorists attacked on duty police officer who succumbed to his injuries later in a hospital. Chief of Public Security, Major-General Tariq Al Hassan has confi

Terrorist attacks can undermine reconciliation efforts

07/05/2014 07:38:37 AM

MANAMA: The United States has condemned Friday’s bomb attack in East Eker that killed a policeman as unjustified and called upon all Bahrainis to denounce it. “Murderous attacks are completely unjustified and undermine efforts to rebuild trust an

Trowers & Hamlins advises NEPCO on $2.5b project

07/03/2014 19:16:57 PM

International law firm Trowers & Hamlins is advising Jordanian public shareholding company National Electric Power Company (NEPCO) on its joint project with Attarat Power Company (APCO) to develop and operate a ground-breaking, 470 megawatt, oil shal

S&P affirms ‘A’ rating on QIC

07/03/2014 19:13:41 PM

Standard & Poor’s Ratings Services affirmed ‘A’ counterparty credit and financial strength ratings on Qatar Insurance Co. S.A.Q. (QIC). The outlook is stable. “The ratings reflect our view of QIC’s strong business risk p

ABC to raise $500m loan term facility

07/03/2014 19:09:56 PM

MANAMA: Bahrain-based Arab Banking Corporation said that it has mandated HSBC, National Bank of Abu Dhabi PJSC, Natixis and Sumitomo Mitsui Banking Corporation as Bookrunners and Initial Mandated Lead Arrangers to arrange on its behalf a $500 million

EMEA energy infrastructure outlook stable

07/03/2014 19:04:54 PM

LONDON: Fitch Ratings says in a new report that its outlook for EMEA energy infrastructure remains largely stable, with the exception of renewable energy projects. The recently enacted reductions to the incentive frameworks in Italy, for photovoltaic

HRH PM praises Bahrainis for thwarting conspiracy

07/03/2014 19:02:22 PM

MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa praised public awareness in deterring foreign interference in domestic affairs and protecting Bahrain from instability. HRH urged to better exploit the climate of openness

Ministry to take legal for flouting sales laws

07/01/2014 09:36:44 AM

MANAMA: The Ministry of Industry of Commerce said that during the field tours and visits of senior officials it emerged that some shops were not committed to the ministerial order (51) of 2007 of regulations of discounts in relation to […]

Clifford Chance’s revenues up 7% to £1,359m

07/01/2014 09:27:37 AM

Clifford Chance has announced its results for the year ended 30 April 2014 with revenues up 7% to £1,359 million. The revenues were the highest ever reported by Clifford Chance, with all regions and all practices experiencing growth. “These ar

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