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Online payment threats on the rise in MENA region

03/26/2015 11:52:17 AM

Dubai, UAE: As digital payments rise it’s important that we quantify the risks and look to combat the threat with robust measures, according to an expert. The rise of credit and debit card use in the United Arab Emirates has […] > read more

Military intervention in Yemen will have no significant impact

03/26/2015 11:50:37 AM

LONDON: Sunni Arab military intervention in Yemen is likely to involve some Saudi military action along Yemen’s northern border, while Egypt sends an expeditionary force to the south to secure Aden, in the hope of eventually moving north towards Sa > read more

McLaren unveils its sports series in New York with 570S Coupe

03/26/2015 11:49:04 AM

New York: McLaren has announced that the first model to be launched in its Sports Series family will be called the 570S Coupé. This V8 powered, carbon fibre structured two seater will show its beautiful yet aerodynamically optimised form for [… > read more

Airlines need to effectively manage their tax footprint

03/26/2015 11:47:17 AM

Manama: Recent infrastructure developments such as the refurbished runway at Dubai, the mid-field terminal project at Abu Dhabi, the opening of Hamad international in Doha, extensive upgrades at Bahrain, and the new Muscat International Airport, show > read more

ICD-AIB ink agreement to collaborate in leasing business in Egypt

03/26/2015 11:46:08 AM

SHARM EL SHEIKH, Egypt: The Islamic Corporation for the Development of the Private Sector (ICD) (http://www.icd-idb.com), the private sector arm of the Islamic Development Bank Group (IDB), and the Arab Investment Bank (AIB) signed a Shareholders Agr > read more

Tamkeen tops the ladder for supporting productive families

03/26/2015 11:45:15 AM

MANAMA: Tamkeen won HRH Princess Sabeeka Award for the category of Best Supporter of Productive Families at a ceremony which took place. This is the first time Tamkeen has won the award which recognizes its commitment s commitment to support [… > read more

New Smartphone App for economic, country risk analysis

03/26/2015 11:44:10 AM

ENGLEWOOD, Colo. IHS Connect, a powerful online platform for economic and country risk analysis, is going mobile, enabling IHS subscribers to get the analysis they need wherever and whenever they want it. IHS (NYSE: IHS), the leading global source of > read more

GCC construction sector consumes 70% of total wood supply

03/26/2015 11:42:43 AM

Dubai, UAE: Dubai WoodShow 2015, the region’s premier timber trade fair, has revealed that the construction industry in the GCC region accounts for 70% of wood consumption, while the rest is taken up by furniture factories and carpentries, quoting > read more

Bahrain to get BD7m new cinema to replace Awal Cinema

03/26/2015 11:39:43 AM

Seef: The owners of the one of the oldest cinemas Awal Cinema Bahrain is to be demolished and BD7 million brand new Cinema will be built on the same premises. “Talks are ongoing to build a new Cinema with a […] > read more

Protectionism in Europe, US haunt millions of air travellers

03/26/2015 11:36:35 AM

LONDON: The dark clouds of protectionism gathering over the air travel industry in Europe and the United States pose a significant threat to the millions of travellers who have benefitted from new choice in the market, according to Etihad Airways [&# > read more

Pakistani Diaspora marks National Day in Manama

03/24/2015 19:33:07 PM

MANAMA: Over 100,000 Pakistanis celebrated the National Day in a style with two flag hoisting ceremonies at the Islamic Republic of Pakistan’s Mission in Diplomatic Area and the Pakistan Club premises in Manama which were attended by a large number > read more

Educational institutions play pivotal role for labour market

03/24/2015 19:25:16 PM

MANAMA: The Chairman of the Supreme Council for Vocational Training, Labour Ministry Undersecretary Sabah Salim Al Dosari inaugurated the 4TH edition of Education and Training International Exhibition (EDUTEX Bahrain) 2015 being held in Bahrain. Unde > read more

BCCI Deputy Chief seeks better economic ties with Tunisia

03/24/2015 19:23:19 PM

SANABIS: Second Deputy Chairman of Bahrain Chamber of Commerce and Industry (BCCI), Jawad Al-Hawaj, held talks with Tunisian Ambassador to Bahrain, Mohammed bin Yusuf, and the accompanying delegation of Tunisian businesswomen at Beitul Tajjar on Tues > read more

Bahrain capable of countering any cyber-attack

03/24/2015 19:21:38 PM

MANAMA: The Central Informatics Organisation (CIO) Data Security Directorate’s General Director, Shaikh Salman bin Mohammed Al Khalifa, said the Organisation possesses the necessary capacity and capabilities to counter any cyber-attack, thanks > read more

EU-Arab biz women co-operation in spotlight

03/24/2015 19:19:28 PM

MANAMA: Bilateral meetings between businesswomen to develop ways of joint economic and business cooperation in all areas today have been held on the sidelines of the 63rd Global Forum for Women Entrepreneurs. Damiani Jewelry Group Vice President, Sil > read more

Financial mismanagement under scrutiny: Minister

03/24/2015 19:16:58 PM

GUDAIBIA PALACE: As a part of the Government’s commitment towards financial discipline and transparency in disbursing public funds, the remarks of NAO were being scrutinized for necessary legal action, if necessary, according to the Information Aff > read more

Remove bottlenecks for women entrepreneurs

03/24/2015 19:15:46 PM

MANAMA: Wife of HM the King, Supreme Council for Women (SCW)’s President Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, inaugurated the Global Businesswomen’s Forum titled ‘Our bridges to the world’ being held in > read more

Beauty enthusiasts partake in makeup workshops at CCB

03/24/2015 16:12:31 PM

SEEF: City Centre Bahrain, the largest shopping, leisure and entertainment destination in Bahrain, hosted a weekend of professional beauty workshops. Professional makeup artist Mai Al Moayyed demonstrated various techniques suitable for special occas > read more

Damiani Group extends support to 63rd FCEM

03/24/2015 16:08:23 PM

Manama: The Damiani Group, the renowned international jeweler, today announced its support for the 63rd World Congress of Femmes Chefs d’Entreprises Mondiales (FCEM), which is being held in the Kingdom of Bahrain till 26 March 2015. Silvia Damiani, > read more

ABG expects 10% growth in profits, 20% in balance sheet

03/23/2015 09:19:19 AM

MANAMA: In line with the bank’s business strategy and upward growth trends in 2014, Bahrain-headquartered Al Baraka Banking Group (ABG) eyes 10% growth in its profits and 20% expansion in its balance sheet in 2015. “We are upbeat about the [̷ > read more

Ithmaar Bank supports AAOIFI Conference

03/22/2015 23:00:12 PM

MANAMA: Ithmaar Bank once again extended its support for a major Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI) conference which started in Bahrain on Sunday. Ithmaar Bank, a Bahrain-based Islamic retail Bank and a lo > read more

Diyar Al Muharraq inks agreements for 3100 housing units

03/22/2015 22:52:44 PM

Diyar Al Muharraq: With Government’s efforts to provide housing facilities for citizens continues to be a prime focus, the Ministry of Housing inked a milestone agreement with Diyar Al Muharraq to purchase 3,100 residential units for BD276 million. > read more

$155m cash windfall for ABC shareholders

03/22/2015 22:36:44 PM

MANAMA: Overwhelming majority of 95% of the shareholders of the Arab Banking Corporation (ABC) on Sunday approved the payment of the cash dividends of $155million for 2014. The shareholders during the Annual General Meeting (AGM) led by the ABC’ > read more

BCCI urges to activate Bahraini-Egypt joint biz council

03/21/2015 17:09:00 PM

Sharm Alshaikh,Egypt: Chairman of Bahrain Chamber of Commerce and Industry Khalid Al Moayyed has met with his counterpart from the Federation of Egyptian Chambers of Commerce Ahmed Al Wakeel on sidelines of the Egypt Economic Development Conference h > read more

Ripe time for Bahrain to invest in cloud solutions

03/21/2015 17:06:28 PM

MANAMA: With data growing at 40% a year, there’s an increasing imperative for businesses in Bahrain to invest in cloud solutions because of its potential to tackle data explosion, according to an expert. “The challenge for many of today’s busin > read more

Investment Gateway records 89% sale of plots

03/21/2015 17:03:08 PM

Manama: Investment Gateway Bahrain is one of the Manara’s major developments underway as 89% of the plots have already been sold, according to Dr. Hasan Al Bastaki, Managing Director of Manara Developments. “The decision undertaken in September 2 > read more

ASRY board re-elects Shaikh Daij as Chairman

03/21/2015 11:43:14 AM

Hidd: The board of directors of Arab Shipbuilding and Repair Yard Company (ASRY) during its 139th meeting at the company’s head office in Hidd elected Shaikh Daij bin Salman Al-Khalifa, Chairman of the Board of Directors for another four-year t > read more

Bahrain Bourse allows listing of REITs

03/21/2015 11:40:02 AM

MANAMA: The Board of Directors of Bahrain Bourse (BHB) during its second meeting for the year 2015 chaired by Yusuf Abdulla Humood, Chairman of the Bourse said that Bourse would allow listing of REITs following the approval by the Central […] > read more

Tunisian attacks likely to be carried out by IS in Libya

03/18/2015 18:52:23 PM

London: Tunisian terrorist attack on tourists probably carried out by Islamic State which reflects growing threat to Libya’s neighbours, according to IHS Country Risk analyst Firas Abi Ali. Tunisian government officials said that 22 individuals wer > read more

Netanyahu’s re-election puts Palestinian issue on the back burner

03/18/2015 18:51:14 PM

London: Progress on the peace process with the Palestinians is very unlikely, as is an improvement in Israeli-US relations under the current leadership, according to Firas Abi Ali, Head of Middle East Analysis, IHS Country Risk. Preliminary election > read more

Takaful operators are investing in sukuks

03/18/2015 18:49:41 PM

MANANA: The development of Islamic finance in recent years has led to a surge in the number of shari’a compliant products being offered to investors and consumers. A key requirement for (re)takaful companies is the need to invest in shari’a [R > read more

Over 55b images, 40m tweets and 1b docs exchange every day

03/18/2015 18:47:46 PM

BIC, Al Sakhir: Over 55 billion pictures, 40 million tweets and one billion documents are exchanged globally every day is seen as just a tip of iceberg of dynamism of big data. The experts, who have been conducting workshops and […] > read more

Bahrain introduces eMeeting++ System

03/18/2015 18:44:59 PM

Manama: In line with latest trends, the eGovernment Authority (eGA) has launched the cloud computing version of the eMeeting++ (Meeting Plus Plus) System which has made a major stride towards conducting secure, paperless meetings. The system makes it > read more

Bahrain weighs its options on Smart Cities’ project

03/16/2015 15:53:07 PM

MANAMA: As the global experts deliberated on the salient features of the smart cities’ concept, the CEO of eGovernment Authority played down the excitement by saying that there is a lot of work has to be done before embarking on […] > read more

Bahrain develops indigenous customers’ satisfaction yardstick

03/16/2015 15:36:08 PM

MANAMA: In line with the Kingdom’s Vision 2030, eGovernment Authority on Monday revealed the details of the national model for the Customer Satisfaction Index or BHCSI which actually surpassed the global satisfaction index levels. “Customer satis > read more

Dentons advise IDB on $10b programme

03/16/2015 05:05:57 AM

Dubai: Dentons advised The Islamic Development Bank (IsDB) on the update of the IsDB Trust Services Limited $10 billion Trust Certificate Issuance Programme (the Programme) completed on 24 February 2015. Dentons also advised the IsDB on the issue of > read more

Bahrain confiscates bomb-making material at border

03/16/2015 05:05:03 AM

MANAMA: The General Director of King Fahad Causeway announced on Sunday the arrest of an individual who came from Iraq and was attempting to smuggle bomb-making materials into Bahrain. The identification occurred as part of the crime prevention and i > read more

Sweden to replicate Bahrain’s eGov model

03/16/2015 04:58:30 AM

MANAMA: The visiting former Premier of Sweden John Fredrik Reinfeldt praised Bahrain’s success in eGovernment and shows keenness to replicate this model for his country to take the eGovermnet services to the next level of excellence. The praise cam > read more

VIVA sets a new benchmark for CSR by helping community

03/16/2015 04:56:08 AM

Manama: VIVA Bahrain unveiled ‘Fereej VIVA’, its newest corporate social responsibility initiative under ‘VIVA Jusoor’, with the first project to be deployed in partnership with the Ministry of Housing. The unveiling was attended by Basim Bin > read more

Al Futtain enhances its footprint in Egypt with $3b investments

03/15/2015 08:57:33 AM

Sharm El Sheikh, Egypt: Majid Al Futtaim, the retail and leisure pioneer across the Middle East and North Africa (MENA) announced the increase of its total investments from EGP18 billion to EGP22.5 billion. This was announced by Majid Al Futtaim [ > read more

700 delegates attend opening of Bahrain e-Gov Forum

03/15/2015 08:18:00 AM

MANAMA: The Deputy Prime Minister and Chairman of the Supreme Committee for Information and Communication Technology, HH Shaikh Mohammed bin Mubarak Al Khalifa, opened the Bahrain International e-Government Forum2015 at the Isa Cultural Centre. Kuwai > read more

Bahrain: a global leader in eGoverment services

03/15/2015 08:11:44 AM

MANAMA: The Kingdom of Bahrain has emerged as a global leader eGovernment services, according to Sweden’s Former Prime Minister. “In Sweden we have a very high penetration in internet usage but Bahrain has unparalleled advantage in eGovernment se > read more

VIVA to launch Global IP Exchange (GIPX) next month

03/15/2015 07:33:02 AM

MANAMA: Bahrain’s leadership in telecommunication sector will be bolstered as VIVA plans to open the Global IP Exchange (GIPX) regional hub in April, thanks to the partnership with BT, according to a top official at VIVA. “VIVA Bahrain will launc > read more

Lulu Exchange eyes 30% of remittance market share

03/14/2015 16:10:55 PM

East Riffa: Lulu International Exchange, which celebrated the opening of its 4th Branch in Riffa Souq, eyes 30% of the total remittance market share once all 30 planned outlets become operational in future, according to a senior official. “Lulu Int > read more

Canon unveils 1st ever partner programme in Bahrain

03/14/2015 10:48:57 AM

Manama: Canon Middle East, a leader in imaging and business solutions announced the launch of it’s first-ever partner programme aimed at IT dealers based in Bahrain. The year-long campaign will recognise the channel community’s efforts to boost t > read more

Police arrests 3 criminals following shooting at police

03/13/2015 03:42:05 AM

MANAMA: The General Director of Capital Governorate Police confirmed the arrest of three fugitives after they shot at police while being pursued in Manama. He said that the policemen were chasing three wanted suspects in Juffair who resisted arrest a > read more

UNIDO establishes international academy in Bahrain

03/13/2015 03:38:31 AM

MANAMA: Undersecretary of Industry and Commerce Ministry Mr. Osama Alorrayedh honored the first patch that successfully completed workshop on “Enhancing the Quality of Industrial Policies.” The workshop is organized by the UNIDO in cooperation wi > read more

UN peacekeepers to combat a new type of conflict

03/13/2015 03:35:05 AM

MANAMA: United Nations peacekeepers are being called upon to do far more than patrol a ceasefire line in today’s conflicts, particularly with the proliferation of non-state armed groups. Often, there is no frontline or truce, and among the numerous > read more

Race fever set to turn up the excitement ahead of Grand Prix

03/13/2015 03:31:49 AM

BIC, Sakhir: Bahrain International Circuit (BIC) is all set to raise the temperatures and generate a vibrant mood across the Kingdom ahead of the 2015 Formula One Gulf Air Bahrain Grand Prix. Starting from March 20, BIC will be holding […] > read more

KouponerQatar.com eyes 100,000 customers

03/13/2015 03:30:01 AM

MANAMA: After accumulating over 50 thousand registrations and a legion of happy loyal customers in the Kingdom of Bahrain following its launch in mid-December 2014, the online e-coupon store, Kouponer.com is all set to create a buzz in Qatar. Koupone > read more

NBB seeks investment opportunities across the region

03/11/2015 09:46:08 AM

MANAMA: National Bank of Bahrain (NBB) is seeking investment opportunities beyond Bahraini market, thanks to the excess liquidity the bank enjoys, according to a top board official. “The bank has excess liquidity and is seeking to lend money to any > read more

Inmates, visitors book for rioting at Jaw Prison

03/11/2015 00:13:34 AM

JAW: Director of Reformation and Rehabilitation Center announced that violence and vandalism by a number of inmates and their families at the visiting center at Jaw prison today had been brought under control. He said that upon arrival to the [… > read more

Bahrain’s iconic Ras Al Barr Resort project on its way

03/11/2015 00:12:23 AM

MANAMA: SSH Bahrain has been awarded the prestigious Ras Al Barr Resort, by PK Development Company, a joint venture between Kuwait Finance House and private investors. Ras Al Barr Development is located to the south of Durrat Al Bahrain resort [̷ > read more

Harman/ Kardon conduct training for AJM Kooheji staff

03/11/2015 00:10:46 AM

MANAMA: Anil Tiwari, Associate Director – Sales & Marketing, Harman Middle East with AJM Kooheji Group’s staff during a training session > read more

AJM Kooheji sole distributors for Harman/Kardon

03/11/2015 00:07:56 AM

MANAMA: Harman/Kardon signed an official agreement with AJM Kooheji Group BSC (C) making them the official distributors for the Kingdom of Bahrain. In confirming the new partnership, Tiwari from Harman/Kardon ME was joined by Sanjeev Awasthi, COO, AJ > read more

AJM Kooheji Group adds Ctroniq to its portfolio

03/11/2015 00:05:17 AM

MANAMA: Ctroniq (Headlinks) signed an official agreement with AJM Kooheji Group BSC (C) making them the official distributors for the entire range of Ctroniq products in the Kingdom of Bahrain. Atheeq from Ctroniq was elated by the new partnership. > read more

ABG’s 4 units win Islamic Finance News Awards

03/10/2015 23:59:30 PM

Manama: The Bahrain based leading Islamic banking group Al Baraka Banking Group B.S.C. (ABG) announced that four of its units won Islamic Finance News Awards 2014 as the Best Islamic Banks in the region through the annual comprehensive referendum con > read more

Art serves as a catalyst to consolidate societal values

03/10/2015 13:23:18 PM

GUDAIBIA PALACE: The Cabinet during a weekly meeting affirmed the importance of art in advancing society, consolidating its values and principles, promoting its civilisation and supporting its efforts to serve human issues and goals, lauding the cont > read more

Bahraini workforce expands by 3.1% in Q4

03/10/2015 13:22:18 PM

GUDAIBIA PALACE: The Cabinet on Monday reviewed the labour market’s indicators in quarter 4 of 2014. Figures revealed that the size of the work force in Bahrain increased by 3.1%, compared to the same period of 2013, with the number […] > read more

BIA to handle 14m passengers after expansion

03/10/2015 13:20:57 PM

GUDAIBIA PALACE: The Cabinet during its weekly meeting was updated on the progress of the Bahrain International Airport revamp project through a memo presented by the Minister of Transportation and Telecommunication. “The project aims at enhancing > read more

Bahrain’s Parliament Okays Air Services pact with Pakistan

03/10/2015 13:19:58 PM

GUDAIBIA PALACE: The Cabinet on Monday took note of the approval of the Representatives and Shura Councils of two draft laws. They included the ratification of the Agreement on Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respec > read more

Bahrain’s real estate sector set to grow 5% to 7%

03/03/2015 07:36:18 AM

MANAMA: With new tenancy laws came into effect from February 7th, the real estate sector is set to grow 5% to 7% in 2015, according to head of Real Estate at the BCCI. “The new tenancy laws will serve as […] > read more

Maiden GIIC Forum concludes on a high note

03/03/2015 07:01:05 AM

Manama: The 1st Global Islamic Investment Gateway (GIIG) forum, which held in the Kingdom of Bahrain, concluded on Tuesday. Over the past two days experts, regulators and bankers tackled many issues being confronted by the global economy and the inve > read more

ICD-Afreximbank to help African debt/sukuk market

03/03/2015 06:51:17 AM

MANAMA: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed an agreement with the African Export-Import Bank (Afreximbank) to cooperate in the develop > read more

flydubai net profit up 12.3% to $68m

03/03/2015 06:43:44 AM

Dubai: flydubai reported a net profit of AED 250 million (USD 68 million) an increase of 12.3% compared to 2013 with total revenue of AED 4.4 billion ($1.2 billion) for the 12-month period, ending 31 December. Last year saw flydubai, […] > read more

Financial landscape is changing from West to East

03/03/2015 04:30:56 AM

MANAMA: The financial landscape has changed significantly after the global financial crisis which was at least partly caused by excessive dependence on debt and speculation, according to CBB Governor. “Demographics are also changing. People under a > read more

Stable, inclusive growth becomes a biggest challenge

03/03/2015 04:27:51 AM

MANAMA: The world is looking for sustainable, ethical and inclusive economic growth, thanks to the global financial crisis of 2007-8, according to CBB Chief. “Islamic economics and finance, if practiced in the right spirit, provides an ideal altern > read more

OIC food and Agriculture sector worth $118b

03/03/2015 04:25:50 AM

MANAMA: Food and Agriculture is the second largest OIC sector cluster. Sector exports were $118 billion in 2013 representing 8% of global exports and grew 42% CAGR from 2009 to 2013, according to a report. Thompson Reuters, the world’s leading > read more

Bahrain ranks 18th in OIC in Islamic markets index

03/03/2015 04:25:01 AM

Manama: Bahrain has been ranked 18th in the 2015 Islamic Growth Markets Investment Index in terms of investment potential within the OIC umbrella. Thompson Reuters, the world’s leading provider of intelligent information for businesses and prof > read more

Experts deliberate on $6.7t OIC economies

03/02/2015 07:34:24 AM

Manama: Over 300 experts and delegates who attended the opening day of the 1st Global Islamic Investment Gateway (GIIG) Forum deliberated upon the challenges and opportunities faced by the $6.7trillion OIC economies. Attendees included representative > read more

Islamic banks’ profit can exceed $10b

03/02/2015 07:33:37 AM

Manama: The growing financial markets of the Organisation Islamic Cooperation (OIC) represent unprecedented investment opportunities anywhere according to one of the main sponsors of the two-day Global Islamic Investment Gateway (GIIG), which opened > read more

Falling oil prices make GCC economies more resilient

02/24/2015 00:06:26 AM

MANAMA: The GCC economies have emerged more resilient amid falling oil prices in the recent months, according to Chief Economist at the EDB. “The GCC economies have started focusing on the structural reforms and diversification of their economies t > read more

Five gets 15-years jail for blowing up a car

02/23/2015 14:22:40 PM

MANAMA: Five defendants accused of blowing up a car in Adliya were sentenced on Monday to 15 years in jail by the High Criminal Court, Advocate General and Chief of the Terror Crime Prosecution Ahmed Al Hammadi said. Three defendants […] > read more

Security, stability remains crucial for economic development

02/23/2015 13:39:28 PM

GUDAIBIA PALACE: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa said that security and stability should be the focus of the Governmnet stressing that citizens should feel they are well protected, adding that development cannot > read more

Bahrain on the right path of development, progress

02/23/2015 13:37:58 PM

GUDAIBIA PALACE: The Kingdom of Bahrain under the wise leadership of His Majesty King is treading on the right path of development. This was the crux of the meeting between Deputy King His Royal Highness Prince Salman bin Hamad Al […] > read more

Bahrain to crackdown on ghost CRs, ghost workers

02/23/2015 13:35:03 PM

GUDAIBIA PALACE: A high-powered committee has been set up to regulate the issue of ghost commercial registrations (CRs) in order to put a lid on illegal workers. The Committee will also look into accommodation of illegal workers, especially bachelors > read more

Court upholds 15-year term for attempted murder

02/23/2015 13:17:58 PM

MANAMA: Terror Crime Prosecution President Advocate General Ahmed Al-Hammadi said the first instance of the Criminal Court of Appeal ruled in the attempted murder of on-duty policemen, dismissing the appeal filed by three convicts and upholding the 1 > read more

Police arrests a fugitive for hiding a bomb in Mosque

02/23/2015 13:16:26 PM

MANAMA: The General Director of Criminal Investigation and Forensic Science announced on Monday the arrest of a fugitive who told police that he hid a home-made bomb inside a toilet in a mosque in Muqsha village. The bomb squad arrived […] > read more

Minister applauds executive-legislature co-operation

02/23/2015 13:15:15 PM

MANAMA: Information Affairs Minister Isa Abdulrahman Al-Hammadi has underlined the cooperation between the executive and legislative branches in preparing the general budget for the two fiscal years 2015 and 2016. He said at the post-Cabinet press co > read more

Bahrain unveils major public transport project

02/23/2015 12:58:03 PM

Gudaibia Palace: The Kingdom of Bahrain has embarked on a major public transport initiative with the official launch of the new public bus service set for April 1st 2015, the Minister told Cabinet on Monday. Kamal bin Ahmed Mohammed, Minister [… > read more

AUB reports a record net profit of $482m

02/22/2015 12:01:37 PM

MANAMA: Bahrain-headquartered Ahli United Bank B.S.C. (AUB) posted a record net profit of $482.5 million for the year 2014, a growth of 31.7% compared with net profit of $366.5 million in 2013. The bank said that the profit was attributable […] > read more

GFH seeks re-financing for Villamar project, Sukuk

02/20/2015 01:30:35 AM

MANAMA: Bahrain-based Gulf Finance House (GFH) confirmed the signing of agreements with Gulf Holding Company and Al-Rajhi Bank for providing financing towards the completion of Villamar Project and restructuring of the existing Sukuk facility. GFH wa > read more

S&P downgrades GIB rating one notch to stable

02/20/2015 01:28:54 AM

PARIS: Standard & Poor’s Ratings Services revised its outlook on Bahrain-based Gulf International Bank (GIB) to stable from positive. S&P affirmed its BBB+/A-2 long- and short-term counterparty ratings on the bank. The rating action primarily r > read more

Canon rolls out a new lineup of printers in Bahrain

02/20/2015 01:27:11 AM

Manama: Canon Middle East, a leader in imaging and business solutions, strengthened its product portfolio in Bahrain by unveiling the latest ranges of its inkjet printers – the MAXIFY series and i-SENSYS laser series at a special event held at > read more

G V Mani takes over CEO of Copal Amba

02/18/2015 03:47:08 AM

NEW YORK: Moody’s Corporation (NYSE:MCO) has named G V Mani as Chief Executive Officer of its Copal Amba unit. Copal Amba is a leading provider of offshore research and analytics services to the global financial and corporate sectors. “We are [&# > read more

Bahrain Duty Free net profit up 32.7% to $22.7m

02/18/2015 03:35:04 AM

Muharraq: Bahrain Duty Free Shop Complex in a statement said that it had posted a net profit of $22.7million compared to previous year’s earnings of $17.1million representing an increase of 32.7%. Basic earnings per share saw an increase of 35. > read more

TRA plans to stop ghost pre-paid mobile connections

02/18/2015 02:54:44 AM

Seef District: The Kingdom of Bahrain’s telecom regulator on Wednesday said that it was planning stiff regulations aimed at combating the ghost pre-paid mobile connections. Telecommunications Regulatory Authority (TRA) Bahrain announces that it has > read more

Police seize arms cache from terrorists’ hideout

02/18/2015 00:46:34 AM

Manama: The General Director of Northern Governorate Police announced on Tuesday the discovery of a weapons cache in a house that is still under construction in A’ali. The house was being used by terrorists as a hiding place to store […] > read more

Photo expo: a glimpse of Bahrain’s aviation history

02/17/2015 23:28:16 PM

Manama: In line with its commitment to showcase the aviation legacy of the Kingdom of Bahrain to an international audience and continuously enhance the passenger experience, Bahrain Airport Company (BAC), the managing body and operator of Bahrain Int > read more

Bahrain bans promoting loyalty chain schemes

02/17/2015 23:18:54 PM

Seef: The Minister of Industry and Commerce has issued an order banning and selling products through pyramid scheme and network marketing. The action was a part of the initiative to discourage the promotion pf loyalty chain schemes for making profit. > read more

TRA revokes Hawar Telecom license

02/17/2015 22:16:13 PM

Seef: Telecommunications Regulatory Authority (TRA) has revoked Hawar Telecom license. Further to the Telecommunications Regulatory Authority (“TRA”)’s notice published on 25 December 2014 in the Official Gazette and on TRA website, asking for > read more

Think before making investments in Oil & gas exploration

02/17/2015 22:13:16 PM

JOHANNESBURG, South-Africa: Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil & gas industr > read more

UoB recycling project wins $5000 award

02/17/2015 22:07:39 PM

Manama: The Coca-Cola Foundation, in partnership with INJAZ Al-Arab, have declared the winners of the sixth edition of the ‘Ripples of Happiness’ program from a wide variety of projects submitted by hundreds of Arab youth across Middle East. Amon > read more

Tamkeen launches graphic designing training initiative

02/17/2015 21:51:04 PM

Manama: As part of its efforts to develop the skills and capabilities of Bahrainis in line with labour market needs, the second phase of Tamkeen’s graphic design training programme recently commenced with more than 17 Bahrainis set to be served [&# > read more

Libya: an ideal place for Islamic State operations

02/17/2015 21:47:03 PM

Libya can be a launching pad for operations into Algeria, Tunisia, and Egypt, which is where the weight of the population is located, according to an analysis on the Islamic State in Libya by Firas Abi Ali, Head of Middle […] > read more

Uncertain future for Europe amid Greece-EU deadlock

02/17/2015 21:41:00 PM

The collapse of talks between the newly elected Government in Greece and European Union has raised many questions about the future of the Europe, according to analyses on the political and economic outlook for Greece. The most recent collapse in [ > read more

Ayadi offers 4 luxury villas, cash prizes of $1.97m

02/17/2015 21:28:36 PM

MANAMA: Al Salam Bank – Bahrain announced the launch of new opportunities for Ayadi Saving’s scheme for the year 2015, with bigger rewards for customers to win every month. Following the business combination with BMI Bank, a subsidiary of Al > read more

Batelco achieves good financials from abroad

02/16/2015 10:22:34 AM

Hamala: Batelco Group is making progress in its expansion with ongoing ability to make progress in some very tough competitive markets resulting in good financial results and growth in customer numbers, according to Batelco Group CEO, Alan Whelan, sa > read more

Batelco reports BD49.3profits, seeks operational excellence

02/16/2015 09:52:35 AM

HAMALA: Batelco Group (Ticker: BATELCO), the regional Telecommunications Group which reported consolidated net profit of BD49.3 million in 2014 said it would continue to seek operational excellence. “We are very pleased to announce this sound set o > read more

Now follow @bahrainbourse

02/16/2015 09:30:44 AM

Bahrain Bourse (BHB) launched its official account on Instagram. The account aims to enhance communication with the Bourse’s individual and corporate clients, and goes in line with the emerging new technology of social media networking and the > read more



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