Recent Updates: Bahrain News

Visit For Recent Updates.

Already a Member? Log In to Your Account
This Blog Posts All Posts Directory Listings Articles

Bank Mellat case set for hearing on Wednesday

09/08/2014 16:59:36 PM

London: The EU Council’s appeal against the EU General Court’s earlier decision that listing Bank Mellat under Iran nuclear sanctions by EU Council was unlawful will be heard by the Grand Court of the European Court of Justice at an […] > read more

Euromoney Kuwait Conference opens today

09/08/2014 15:26:56 PM

KUWAIT: The Euromoney Kuwait Conference will open on Tuesday with keynote addresses from the Minister of Finance, Anas Al-Saleh, and the Governor of the Central Bank of Kuwait, Dr Mohammed Al-Hashel. The theme for this year’s event will be New [ > read more

Precast concrete market set to accelerate in GCC

09/08/2014 15:25:21 PM

Dubai: Demand for precast concrete in the construction sector is increasing as developers realise how its use can speed up completion time in major projects. It is also forecast to be a major part of Dubai’s 2020 build programme for […] > read more

FTSE unveils FTSE Frontier Markets Index

09/08/2014 15:23:11 PM

London: FTSE Group, the global index provider, launched of the FTSE Frontier Markets Index Series, a set of benchmarks capturing the performance of large, mid and small cap securities from Frontier Markets. The new indices are separate but complement > read more

UAE flag flies high in Washington D.C.

09/08/2014 14:59:36 PM

Abu Dhabi: Five athletes from Abu Dhabi competed in Sunday’s gruelling Nations Triathlon in Washington D.C. as part of their training for next year’s TriYAS event, completing the course in outstanding times across the board. The Washington event, > read more

Bahrain tops the ladder in telecom liberalisation

09/08/2014 13:29:37 PM

Seef District: Bahrain has been at the forefront of liberalization in the MENA region, according to World Bank report. “Across the region, only Bahrain and Jordan have implemented a policy of full liberalization in telecommunications, and Bahra > read more

DNO gets Somaliland extension

09/08/2014 13:20:01 PM

Oslo: DNO ASA, the Norwegian oil and gas operator, has been granted a two-year extension of the term of its production sharing agreement for Block SL18 in Somaliland. The first exploration period will now end on 8 November 2017. Block […] > read more

China set to become world’s largest economy

09/08/2014 13:17:29 PM

London: China will become the world’s largest economy in 2024, according to new analysis carried out by IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. “Over the next 10 years, China’s economy is expected to > read more

Experts raise concerns over GCC education, skills gaps

09/08/2014 13:09:35 PM

Manama: The speakers during the two-day International Institute for Strategic Studies’ (IISS) Geo-economics and Strategy conference showed concerns over the education and skills gaps in the GCC. The meet concluded on Monday titled the ‘Business O > read more

RCSI Bahrain achieves 10 years of excellence

09/08/2014 13:00:29 PM

Manama: The Royal College of Surgeons in Ireland Bahrain (RCSI Bahrain) on Monday celebrated its 10th year of excellence in healthcare education. At an event with staff and students, the President of RCSI Bahrain, Professor Sameer Otoom announced a n > read more

Cabinet applauds HM King’s visit to Saudi Arabia

09/07/2014 08:31:11 AM

MANAMA: The Cabinet on Sunday applauded the successful visit of His Majesty King Hamad bin Isa Al Khalifa to the brotherly Kingdom of Saudi Arabia. The Official Government Spokesperson and State Minister for Information Affairs Sameera Rajab post wee > read more

Bahrain plans major tourism infrastructure projects

09/07/2014 08:29:42 AM

The Cabinet on Sunday discussed the memorandum presented by the Minister of Culture Shaikha Mai on the establishment of tourism infrastructure projects funded by the private sector. The Official Government Spokesperson and State Minister for Informat > read more

Cabinet Okays land deal with Republic of Sudan

09/07/2014 08:28:25 AM

MANAMA: The Cabinet on Sunday discussed the memorandum presented by the Minister of State for Defence Affairs, Deputy President of the Ministerial Committee for Legal Affairs, on the registration of the land granted to the Kingdom of Bahrain by the [ > read more

Cabinet Okays memo on treatment abroad

09/07/2014 08:27:18 AM

MANAMA: The Cabinet on Sunday discussed and approved the memorandum presented by His Excellency the Minister of State for Defence Affairs, Deputy President of the Ministerial Committee for Legal Affairs, on the draft decision to establish a Higher Co > read more

Yemen joins GCC Standardization Organization

09/07/2014 08:26:18 AM

MANAMA: The Cabinet on Sunday discussed the Memorandum presented by the Minister of Industry and Commerce on the approval of the amendments made to the Statute of the Standardization Organization (GSO) of the GCC countries. The Official Government Sp > read more

Bahrain to host GCC Accreditation Center

09/07/2014 08:25:13 AM

MANAMA: The Cabinet on Sunday discussed the memorandum presented by the Minister of Industry and Commerce concerning the approval on the Agreement to establish the GCC Accreditation Centre. The Official Government Spokesperson and State Minister for > read more

Bahrain to replicate China SMEs model

09/07/2014 08:24:04 AM

MANAMA: The memorandum of understanding (MoU) between the Ministry of Industry and Commerce and the China Association of Small and Medium Enterprises will open up a new era of co-operation between the two countries in developing the SMEs sector. The > read more

Cabinet Okays Bab Al-Bahrain development

09/07/2014 08:22:40 AM

MANAMA: The Cabinet on Sunday discussed the memorandum presented by the Minister of Culture Shaikha Mai concerning the second batch of loan granted by the Islamic Development Bank to restore and revive the old Manama Souq, developing Bab Al-Bahrain a > read more

Bahrain’s employment up 1.6% in Q2

09/07/2014 08:21:34 AM

MANAMA: The Cabinet on Sunday reviewed the memorandum presented by the Minister of Labour on labour market indicators for the 2nd quarter of 2014. The Official Government Spokesperson and State Minister for Information Affairs Sameera Rajab post week > read more

Tripartite MoU to enhance co-operation in labour sector

09/07/2014 08:20:22 AM

MANAMA: The Cabinet on Sunday discussed the memorandum presented by the Minister of Labour on the two Memoranda of Understanding in the fields of labour and professional training with the Hashemite Kingdom of Jordan and the Kingdom of Morocco. The [& > read more

Middle East passenger traffic to increase at 7.1%

09/06/2014 07:20:13 AM

Dubai: The Middle East’s passenger traffic is expected to grow by 7.1 per cent annually, and it has become more critical than ever to discuss the most important commercial aviation-related issues and drive a source of innovative solutions, acco > read more

Govt continues to support hospitality sector

09/06/2014 07:10:46 AM

MANAMA: Minister of Industry and Commerce Dr Hassan Fakhro asserted dedication and care of the wise government of the hospitality sector to promote tourism industry and attract tourists. This was highlighted yesterday during his visit to Novotal Al D > read more

Govt reiterates its support to trade, commerce

09/06/2014 07:09:10 AM

MANAMA: Minister of industry and Commerce Dr Hassan Abdullah Fakhro asserted dedication of the wise government to follow up all latest happening in commercial and economic sectors. This was highlighted during his visit to Majestic Arjaan Rotana Hotel > read more

Minister assures measures for a stable market

09/06/2014 07:06:13 AM

MANAMA: Minister of Industry and Commerce, Dr Hassan Abdullah Fakhro asserted the dedication of the Ministry of Industry and Commerce to ensure the stability of markets and the reinforcement of food security as part of the directives of the wise [ > read more

Movenpick occupancy reaches 95%

09/06/2014 07:04:12 AM

MANAMA: Minister of Industry and Commerce Dr Hassan Abdullah Fakhro visited Movenpick Hotel near the Bahrain International Airport. He hailed achievements of the economic sector, including hotels to provide the best services for tourists and visitors > read more

GCC: a major player in global economy

09/06/2014 05:55:27 AM

MANAMA: The Gulf is increasingly playing an influential role in the regional and global economy beyond its traditional role as an energy producer, according to a Bahraini Minister. “The economies of the GCC are now worth $1.6trillion and contin > read more

India offers $1t investment opportunities

09/06/2014 05:44:06 AM

MANAMA: India with the robust economic outlook and achieving record GDP growth in the last quarter of 5.7%, is seeking $1 trillion for the infrastructure development in the next five years alone. This was the crux of the media round […] > read more

India embarks on new era of progress, development

09/06/2014 05:26:44 AM

MANAMA: With the completion of the 100 days of new Indian Government in office led by the Prime Minister Narendra Modi, India has entered into a new era of progress and development, a senior Indian Minister revealed. “In the first […] > read more

Government assures support to businesses

09/04/2014 17:17:14 PM

Manama: The Minister of Industry and Commerce highlighted the directions of the Government and the Ministry of Industry and Commerce regarding availability of all consumers’ requirements for food and goods in general to ensure the stability of > read more

Indian businesses to showcase investment opportunities

09/04/2014 17:13:36 PM

New Delhi, Manama: Indian business leaders are set to showcase opportunities in Real Estate and Real Estate Investment Trusts; Agriculture and food processing; Pharmaceutical; Healthcare; and Medical Tourism. Global Indians and Bahrainis will get an > read more

WFE gets update on Bourse’s legal framework

09/04/2014 16:36:40 PM

Manama: The World Federation of Exchanges (WFE) delegation reviewed in detail the capital market sector’s legal infrastructure in the Kingdom of Bahrain. The delegation also got an update on the rules, regulations and procedures regulating the work > read more

QNB acquires a 12.5% stake in Ecobank

09/04/2014 16:10:33 PM

Doha: QNB has announced the acquisition of a 12.5%1 stake, both ordinary and convertible preference shares, in Ecobank Transnational Incorporated. This strategic partnership with a leading pan-African bank is a fundamental step towards QNB’s strate > read more

Bapco Chairman opens Energy Forum

09/04/2014 16:05:49 PM

Awali: The 3rd PMI AGC-DMS Energy Forum: Debates event was officially opened by the Bahrain Petroleum Company (Bapco)’s Chairman of the Board of Directors, Adel Khalil Almoayyed. The annual two-day event, where Bapco participated as a diamond spons > read more

Bahrain-Japan discusses co-operation in e-governance

09/04/2014 16:00:52 PM

Manama: The eGovernment Authority (eGA) hosted the Japan Information Technology Service Industry Association (JISA) delegation, as part of their visit to the Kingdom of Bahrain to be briefed on Bahrain’s advanced expertise in eGovernment. The visit > read more

Minister inaugurates Nail Village Spa

09/04/2014 15:51:39 PM

MANAMA: Minister of Industry and Commerce Dr Hassan Fakhro inaugurated the Nail Village Spa in Arad area in Muharraq. He was received by the owner of the shop, Rihab Shareef and Head of the Investment and Technology Promotion Office at […] > read more

Bahrain: most developed Islamic finance market

09/04/2014 15:47:27 PM

Manama: For the second year in a row, Bahrain has been named the GCC’s leading Islamic finance market and second out of 92 countries worldwide, according to the ICD-Thomson Reuters Islamic Finance Development Indicator (IFDI). In addition, Bahrain > read more

Amanat Ali’s debut concert in Bahrain

09/03/2014 18:31:52 PM

MANAMA: The man with the golden voice, Amanat Ali will enthrall over 3500 music lovers in his live debut concert in Manama on Friday. Concert in aid of Bahrain Society for Children with Behavioral and Communicational Difficulties, Amanat Ali is [R > read more

GFH elaborates on rating upgrade

09/03/2014 17:24:21 PM

MANAMA: Gulf Finance House (GFH) elaborated on the recent upgrade in credit rating assigned by Capital Intelligence (CI). Capital Intelligence (CI) in its announcement declared the following, while raising GFH’s Long-Term Rating to ‘BB’ > read more

Insurance price war in Saudi subsides

09/03/2014 17:20:21 PM

London: Standard & Poor’s Ratings Services said it believes that the insurance price war that raged in Saudi Arabia during 2012-13 has now largely ended, although competition to win large, prestigious corporate accounts remains intense. “ > read more

Saudi health and fitness projects worth $20b

09/03/2014 17:06:35 PM

Jeddah: Market potential of the Saudi Kingdom’s health and fitness-related projects valued at more $20 billion requiring fulfillment from suppliers of fitness equipment and infrastructure. Sports retail is an $8 billion business with a healthy > read more

BCCI-Egypt to enhance ties in labour sector

09/03/2014 16:55:52 PM

MANAMA: During a meeting with the president of the Egyptian Trade Union Federation Bahrain Chamber mulls ways to bolster its cooperation with Egypt in the labour field First Vice-Chairman of Bahrain Chamber of Commerce and Industry Othman Alryes rece > read more

BCCI-OIC concludes joint training programme

09/03/2014 16:53:48 PM

MANAMA: Bahrain Chamber of Commerce and Industry has concluded a training course entitled “Exports Audit Processes with Members States of the Organization of the Islamic Conference (OIC). The course was organized by the Bahrain Chamber in coordinat > read more

Fitch launches new capital model for EMEA insurers

09/03/2014 16:50:39 PM

London: Fitch Ratings has launched its Prism Factor-Based Capital Model (Prism FBM), the agency’s risk-based model for assessing the capital strength of insurance companies in EMEA. The model enables Fitch to bring insurers writing business in > read more

Alba briefs Egyptian delegation on smelter

09/03/2014 16:49:32 PM

MANAMA: Aluminium Bahrain (Alba) received Chairman of the Egyptian General Federation of Trade Union, Member of the House of Representatives, and Shura Council Egypt, Gebal Al-Maraghi. He was accompanied by Officer of Arab and International Affairs, > read more

Bahrain-Sri Lanka to enhance trade, economic relations

09/03/2014 16:46:59 PM

MANAMA: The 5th follow up meeting on the proposed visit of the Bahrain delegation visit to Sir Lanka was chaired by Dr. Hasan Fakhro and attended by number of Bahrain Chamber of Commerce and Board members and Bahrain Businessmen’s society [R > read more

Minister praises Bahrain-Pakistan economic ties

09/03/2014 16:43:45 PM

MANAMA: The Minister of Industry and Commerce chaired the 1st follow up meeting for HM the King’s historic visit to Pakistan and highlighted the importance of growing trade, economic and business ties between the two sides. The meeting was atte > read more

No impact on Batelco ratings after Sivasankaran bankruptcy

09/02/2014 09:21:46 AM

Dubai/London: Fitch Ratings says there is no impact on Bahrain Telecommunications Company’s (Batelco; BBB-/Negative) ratings, following the Supreme Court of the Seychelles’ recent declaration of bankruptcy of Sivasankaran, a creditor of a > read more

Middle East air freight up 9.4% in July

09/02/2014 09:18:12 AM

Geneva: Middle Eastern air freight markets expanded 9.4%. This strong performance came despite the impact of Ramadan. Airlines in the region are capturing growth opportunities by opening routes to fast-developing economies such as Mexico and Uganda. > read more

Maryam attacks on-duty police officer at BIA

09/02/2014 09:06:21 AM

MANAMA: The Chief Prosecutor of Muharraq Governorate, Abdullah Al-Dosary, said that the Public Prosecution assumed investigation into the complaint lodged from the Police Directorate of Bahrain International Airport, according to a Ministry of Interi > read more

Saudi economy carries a robust outlook

09/02/2014 08:57:23 AM

MANAMA: Economic data for July was strong with the non-oil PMI expanding at the fastest rate since September 2012. Consumer spending also remained robust. Cement production and sales declined on the back of seasonal trends, but also due to changes [& > read more

BisB gets new acting CEO

09/02/2014 08:48:39 AM

Manama: Abdul Razak Abdulla Hassan Al Qassim Chairman of the Board of Directors of the Bahrain Islamic Bank announced the appointment of Mohammed Ahmed Hassan as Acting CEO replacing Mohammed Ebrahim Mohammed, who resigned from 1st September, 2014. A > read more

Minister opens $7m refurbished Magic Island

09/02/2014 08:42:37 AM

Manama: Dr Hassan Abdulla Fakhro, Minister of Industry and Commerce opened a whole new world of fun and adventure at Seef Mall’s new Magic Island. The official opening which held under the patronage of the Minister, the Seef Mall celebrated [… > read more

Bapco participates in PMI AGG–DMS Energy Forum

09/02/2014 08:25:39 AM

Awali: The Bahrain Petroleum Company (Bapco) participated as a diamond sponsor in the two-day 3rd PMI AGC-DMS Energy Forum: Debates event, which is kicked off on Tuesday at the Gulf Hotel in Manama. The annual event, which is being held […] > read more

Over 92,000 heads of cattle for Eid, Ashura

09/02/2014 08:21:16 AM

Manama: Minister of Industry and Commerce, Dr Hassan Abdullah Fakhro has valued major efforts of investors and importers in the food sector, in addition to specialised companies such as Bahrain Livestock Company and Delmon Poultry Company in providin > read more

UN condemns Israel’s action as illegal

09/02/2014 02:23:51 AM

New York: The Secretary-General is alarmed by the announcement by Israeli authorities to declare as so-called “state land” nearly 1,000 acres of land in the Bethlehem area of the West Bank. The seizure of such a large swath of land [̷ > read more

El-Qaq joins ABG executive management

09/02/2014 02:16:27 AM

Manama: Bahrain based leading Islamic banking group, Al Baraka Banking Group (ABG) announced the joining of Mohammed Abdullah El-Qaq to the executive management of the Group as a Senior Vice President and Head of the Commercial Banking Department. Ex > read more

Political turmoil in Pakistan enters in dangerous phase

08/31/2014 11:28:18 AM

ISLAMABAD: Following the killings of 17 innocent civilians and critically injuring 83 people on Sunday, the political uncertainty causes cracks in the Prime Minister Mian Nawaz Sharif’s own party PML-N. The Chief Organiser of PML-N Sindh Provin > read more

Batelco Bahrain CEO Rashid Abdulla steps down

08/31/2014 05:11:14 AM

Manama: Batelco’s Chairman Shaikh Hamad Bin Abdulla Al Khalifa announced that Batelco Group Chief Executive Alan Whelan will assume the lead role for the company’s Bahrain operations following the resignation of Rashid Abdulla, Batelco’s Bahrai > read more

Prof Otoom new President of RCSI Bahrain

08/31/2014 05:05:10 AM

MANAMA: Professor, Sameer Otoom, has been appointed President of RCSI Bahrain. The decision was ratified during a meeting of the Higher Education Council in Bahrain. Professor Sameer Otoom has been a central figure in successfully establishing the Un > read more

Mobile device explosion to fuel ERP growth

08/31/2014 04:59:19 AM

Dubai: The steadily rising use of smart mobile devices such as smart phones and tablets in the Middle East workplace is expected to offer enormous opportunities to enterprise resource planning (ERP) vendors looking to tap this growth market, accordin > read more

TRA plans workshop on child online protection

08/31/2014 04:56:16 AM

Seef District: Telecommunications Regulatory Authority Bahrain (TRA) in cooperation with the International Telecommunications Union (ITU) plans to hold a workshop in the Kingdom of Bahrain on the essential subject of Online Child Protection. Safeguar > read more

Competition among regional airlines encourages efficiency

08/31/2014 04:53:19 AM

MANAMA: In the wake of a power struggle between regional carriers and continually growing airspace congestion, operational changes encouraging efficiency as an essential, according to Gulf air Acting CEO. “Despite this competition, there is plenty > read more

Capital Intelligence raises GFH rating to BB

08/31/2014 04:39:25 AM

MANAMA: Bahrain-based GFH in a statement said that Capital Intelligence (CI) has raised the bank’s long-term rating to BB from BB- and affirmed the short-term rating at B. The outlook for GFH’s ratings reverts to stable from positive foll > read more

Milipol Qatar: GCC security needs in spotlight

08/31/2014 04:36:18 AM

Doha, Qatar: The specific needs and requirements of internal State security markets within the GCC will be addressed at Milipol Qatar 2014 as participants and exhibitors are expected to highlight the latest technological advancements – both in term > read more

Batelco seeks $212m payment despite Siva’s bankruptcy

08/31/2014 04:30:43 AM

Manama: BMIC Limited (BMIC) a wholly owned subsidiary of the Batelco Group of Companies (Ticker: BATELCO), has successfully obtained over recent months from the High Court of England both a judgment against Chinnakannan Sivasankaran and Siva Limited > read more

Batelco recognises as major ICT provider

08/30/2014 20:24:05 PM

Manama: Batelco, the Kingdom’s leading business communications solutions provider, has been recognised by Avaya as a Gold Avaya Connect Channel Partner in Bahrain. This recognition by Avaya rewards Batelco’s commitment and experience, and also it > read more

Quality Wire produces global standard products

08/30/2014 20:19:38 PM

MANAMA: Industry and Commerce Minister Dr Hassan Fakhro applauded the high quality industry being set up at the Bahrain International Investment Park (BIIP). This came as the Minister visited Quality Wire Products Company at Bahrain International Inv > read more

Gulf Plastic Industries sales reach BD9m

08/30/2014 20:18:25 PM

MANAMA: Industry and Commerce Minister Dr. Hassan Fakhro confirmed the importance of initiatives and ambitious steps of national investment companies, and their role in enhancing Kingdom’s economic reality, referring to the government’s suppo > read more

Fruits, vegetables supply and prices stable

08/30/2014 20:16:26 PM

Industry and Commerce Minister Dr. Hassan Fakhro expressed government’s appreciation for efforts undertaken by the private and their remarkable collaboration with the government to enhance market stability and provide all the requirements for c > read more

ISIS poses great threat to Muslim Ummah

08/30/2014 20:05:13 PM

MANAMA: The Supreme Council for Islamic Affairs (SCIA) described the so-called the Islamic State of Iraq and Syria (ISIS) and other extremist and terrorist organisations as a looming threat to the Islamic nation and mankind. In a statement it issued > read more

GCC FMs endorses Yemeni President’s initiative

08/30/2014 20:03:49 PM

Jeddah: Minister of Foreign Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, participated in the 132nd session of the GCC Ministerial Council at Jeddah Conference Palace. At the commencement of the meeting, the Foreign Ministers of the GCC c > read more

BCCI to host Japanese trade delegation

08/30/2014 19:58:50 PM

Bahrain Chamber of Commerce and Industry will host a commercial delegation from Japan on Monday, 1st September 2014 at 11a.m. at Al Majlis hall of Bait Al Tijjar. The delegation represents the Information System sector, and the meeting will be [̷ > read more

Takaud appoints new sales team

08/30/2014 19:57:35 PM

Takaud, the specialist savings and pensions provider for the MENA region, has strengthened its business with the appointment of an experienced sales management team, which will be based in Bahrain. The new appointments include Loay Ragheb as Chief Di > read more

Police fires tear gas for six hours continuously

08/30/2014 18:03:01 PM

ISLAMABAD: Islamabad Police on the directives of the Interior Minister Chaudhary Nisar Ali Khan fired thousands of tear gas canisters at the peaceful protesters on Sunday morning. The tear gas shelling continued for more than six hours resulting seri > read more

Nawaz’s Zionist regime kills seven, injures 300

08/30/2014 17:07:07 PM

ISLAMABAD: The Zionist Government of Mian Nawaz Sharif killed seven people and injured 300 people in the wee hours on Monday in the federal capital. The so called red zone in Islamabad turned into a battle field on Monday incompetent […] > read more

Qatar Airways to get 1st A350 XWB soon

08/29/2014 17:50:00 PM

TOULOUSE, France: Qatar Airways, the launch customer of the Airbus A350 Xtra Wide Body aircraft is set to receive its first delivery before the end of this year. The airline has ordered 80 of the wide body A350 XWB which […] > read more

Emirates SkyCargo adds Los Angeles

08/29/2014 17:09:35 PM

DUBAI: Emirates SkyCargo, the freight division of Emirates and global connector of trade and economies, has added Los Angeles to its network of freighter destinations across the United States, with the start of a weekly service to the city. Los [R > read more

Egypt’s economy to recover slowly: IHS

08/29/2014 17:06:43 PM

The Egyptian economy to recover slowly, leaving the national unemployment rate to decline over the next five years, according to Bryan Plamondon, Senior Economist, IHS Economics. IHS forecasts an average unemployment of 13.6% this year and 12.2% in 2 > read more

Quran denounces compulsion in religion: UNSG

08/29/2014 16:46:59 PM

Bali, Indonesia: The Quran clearly states that there should be no compulsion in the religion, the UN Secretary General told the participants of the 6th Global Forum of the Alliance of Civilizations. “All major faiths value peace and tolerance. > read more

Indonesia thrives on ethnic diversity: UNSG

08/29/2014 16:44:34 PM

Bali, Indonesia: This country, Indonesia, is home to a quarter of a billion people representing a thousand separate ethnic groups living wisely, harmoniously, side-by-side resolving all differences of opinion through dialogue. This was stated by UN S > read more

UNSG calls for resolving Palestine-Israeli conflict

08/29/2014 16:25:09 PM

Bali, Indonesia: The UN Secretary-General Ban Ki-moon met with Ayad Ameen Madani, Secretary-General of the Organization of Islamic Cooperation, in the margins of the Sixth Global Forum of the Alliance of Civilizations in Bali. On Gaza, the Secretary- > read more

PrivatAir commences flights on behalf of SAS

08/28/2014 03:45:20 AM

PrivatAir commenced a new business-class-only airline service between Stavanger and Houston on behalf of SAS, under a wet lease agreement. The route operates six days per week i.e. every day except Tuesday. “PrivatAir introduced long-haul busin > read more

Oil & gas sector face challenge to sustain profitability

08/28/2014 03:32:56 AM

MANAMA: The oil and gas industry faces the major challenge of sustaining profitability in the face of volatility. Recent events in Iraq have highlighted the need for flexible and fluid operational structures that take into account shifting circumstan > read more

HM King’s visit to India impacts positively on trade ties

08/28/2014 03:27:34 AM

MANAMA: The historic visit to India by His Majesty King Hamad bin Isa Al Khalifa has impacted positively on bilateral businesses between the two countries. This was revealed by Industry and Commerce Minister Dr. Hassan Fakhro to follow up the [… > read more

Bapco reiterates its support to CPISP

08/28/2014 01:13:12 AM

Awali: The Bahrain Petroleum Company (Bapco) presented its annual sponsorship contribution to the Crown Prince’s International Scholarship Program (CPISP), during a meeting at the Court of the Crown Prince with Advisor for Political and Economic Af > read more

Robert Johnson becomes President/CEO of ACFS

08/23/2014 14:35:16 PM

The board of trustees of the American College of Financial Services (ACFS) named Robert R. Johnson, Ph.D., CFA, CAIA, as President and Chief Executive Officer from October 1, 2014. Dr. Johnson’s extensive scholarship, experience in investment m > read more

MEBA eyes Dubai as global aviation hub

08/23/2014 14:23:39 PM

MEBA 2014 – the Middle East Business Aviation (MEBA) event, looks set to cement Dubai’s position as a global aviation hub, with exhibitors coming from over 45 countries to attend the show from 8-10 December this year. The bi-annual event [… > read more

DIFC’s verdict on mis-selling of products

08/23/2014 14:22:15 PM

The Dubai International Financial Centre Court (DIFC Court) announced its judgment on Saturday in the case of CFI 026/2009 Rafed Al Khorafi & 2 Ors v Bank Sarasin-Alpen (ME) Ltd & 1 Or. The case represents a landmark judgment of […] > read more

Technology deployment enhances 46% employee productivity

08/21/2014 09:56:28 AM

Today’s enterprise must meet the technology standards of today’s consumer. According to a recent IDG Enterprise report, enterprises that invest in consumerized, easy-to-use technologies experience a 56 percent increase in employee productivity an > read more

Elaf reports 96% occupancy during Ramadan

08/21/2014 09:40:23 AM

The Elaf Group of Companies announced its latest achievement as a major travel and tourism company. The Elaf Hotel at the Red Sea Mall in Jeddah has successfully achieved a 96 per cent occupancy rate during Ramadan. The high occupancy […] > read more

DMCA launches maritime safety awareness initiative

08/21/2014 09:37:18 AM

UAE: Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has revealed the launch of a new initiative that will see the distribution of free lif > read more

Bapco achieves 4th periodic OHSAS 18001:2007 Audit

08/21/2014 09:32:29 AM

AWALI: The Bahrain Petroleum Company (Bapco) has carried out its 4th Periodic OHSAS 18001: 2007 external audit, which was carried out by the DNV. In this regard, a close out meeting was recently conducted on at the Bapco Refinery. The […] > read more

BAC obtains Aerodrome Certification for BIA

08/21/2014 09:28:20 AM

MANAMA: Bahrain Airport Company (BAC), the managing and operating body of Bahrain International Airport (BIA), celebrated the renewal of the Aerodrome Certification from the Ministry of Transportation’s Civil Aviation Affairs (CAA). The Chief Execu > read more

World’s largest mobile app competition returns

08/21/2014 09:24:26 AM

Dubai: Applied Innovation Institute, Ooredoo and Pearson have announced that the Arab Mobile App Challenge (AMAC) will take place again in 2014, following the success of last year’s pilot competition. The Challenge, which saw thousands of participa > read more

Argentina’s latest default will not be short-lived

08/21/2014 09:22:48 AM

Argentina’s latest default will not be short-lived, according to new analysis from Carlos Caicedo, Principal Analyst at IHS Country Risk. “President Fernandez’s decision to request bondholders of restructured debt to change jurisdiction fro > read more

GCC cloud computing market set to grow seven folds

08/20/2014 14:28:04 PM

Dubai, United Arab Emirates: As cloud computing moves from hype to the business mainstream, facilitating regional adoption of cloud technologies and virtual storage solutions will come to the fore at this year’s Cloud Confex – a specialist, i > read more

ADX achieves 99% in disclosure compliance

08/20/2014 14:26:00 PM

Abu Dhabi: Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 99% regarding the disclosure of the 2nd quarter financial statements of its listed public joint stock companies within the deadline of 45 > read more

Wadi Degla Holding sets aside $30m for expansion

08/20/2014 14:22:45 PM

Degla Holding, a leading global group, announced $30 million would be spent to open 90 new restaurants across five markets, covering Europe, Egypt and UAE. This came as Degla announced the opening of its restaurant in Egypt that serves traditional, [ > read more

Smart City development in spotlight in Dubai Expo

08/20/2014 14:19:01 PM

UAE: The role of advanced ‘smart’ concepts such as ‘Big Data’ and ‘Cloud Computing’ in the development of genuinely ‘smart cities’ will be extensively covered through discussions and exhibitions at the Smart Living City – Dubai 2014 > read more

Hikma Pharmaceuticals revenues up 19.9% to $638.3m H1

08/20/2014 14:06:42 PM

Hikma Pharmaceuticals PLC (Hikma), the fast growing multinational pharmaceutical group with sales covering 50 countries across Europe, the Middle East and North Africa (MENA and the US, reported a 19.9% increase in revenues to $638.3 million for the > read more

© 2006-2014, All Rights Reserved