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Takaful International gets new board, approves financials

04/08/2015 05:01:35 AM

SEEF: Takaful International Company held its Annual General Meeting (AGM) to review and approve the financial statements also based on majority recommendation new members were elected to the board of Directors for the next three years. The new board > read more

Solidarity acquires $15m stake in Yarmouk Insurance

04/08/2015 04:55:51 AM

MANAMA: First Insurance P.L.C., Jordan a subsidiary of Solidarity Group Holding Bahrain, the largest Takaful group in the world, has acquired a controlling stake in Yarmouk Insurance Company in Jordan. Originally founded more than 30 years ago, Yarmo > read more

GFH says shareholders to decide on capital reduction

04/08/2015 04:52:20 AM

MANAMA: Bahrain-based GFH on Wednesday reiterated its position to its shareholders and the markets that it does not have any intentions to amend the agenda of the Extraordinary General Meeting (EGM) with regards to discussing the proposal to reduce i > read more

Extreme activities to captivate fans at F1 Bahrain Grand Prix

04/07/2015 11:55:09 AM

BIC, Al Sakhir: Race fans are in for a fascinating treat at the 2015 Formula One Gulf Air Bahrain Grand Prix, as Bahrain International Circuit (BIC) has set up a series of extreme activities for people of all ages to […] > read more

Schmid, Ashkanani to vie for Porsche GT3 Cup

04/07/2015 11:52:40 AM

BIC, Al Sakhir: Clemens Schmid and Zaid Ashkanani are headed for an exciting title showdown in the sixth and final round of the 2014/2015 Porsche GT3 Cup Challenge Middle East. The meeting is set to be held as part of […] > read more

Liquidity initiatives benefit Bahrain, UAE Islamic banks

04/07/2015 11:50:14 AM

Dubai/London: The April launch of one-week sharia-compliant contracts with the central bank will benefit Bahrain’s Islamic banks because they broaden the range of options available for short-term liquidity management, says Fitch Ratings. The UA > read more

GCC economies moving away from hydro-carbons

04/07/2015 07:34:55 AM

New Delhi: The Gulf is undergoing a great transformation. The six economies of the Gulf Cooperation Council (GCC) are diversifying their economies away from oil and gas and have rapidly expanding affluent populations, according to an official at the > read more

Digital content carries $14b revenues opportunity

04/07/2015 07:21:55 AM

Hampshire, UK: New analysis from Juniper Research has found that content paid for via carrier billing will provide operators with more than $14billion in revenues over the next five years. The research, ‘Digital Content Business Models: OTT & Opera > read more

UAB to host Basel III stress testing workshop

04/07/2015 07:20:52 AM

Manama: The Union of Arab Banks will host a specialised workshop under the patronage of the Central Bank of Bahrain (CBB) entitled: Stress Testing Techniques and Capital Planning According to Basel III, set to take place at the Gulf Hotel […] > read more

Retail banks urge to embrace social media

04/07/2015 07:15:23 AM

Dubai: MENA banks need to start considering social media such as Facebook for instance, as a business platform which they can use as a communications tool to build relationships and trust with existing and potential customers and ultimately drive mar > read more

King Fahad International becomes regional cargo hub

04/07/2015 07:08:11 AM

Dammam: With over 70% of goods bound for the Gulf region are destined for the Kingdom, the Cargo Village positions King Fahd International Airport (KFIA) as a multi-modal shipment and clearance destination, directly serving the Eastern Province and t > read more

Shari’a non-compliance poses a risk to Islamic finance

04/07/2015 06:57:12 AM

Manama: Shari’a is the backbone of Islamic finance and Shari’a non-compliance poses a huge risk to the industry, according to a leading Shari’a scholar. “While all the stakeholders have to play their respective roles, Shari’a scholars have > read more

Gulf Air Falconflyer card offers unmatched privileges

04/07/2015 04:06:59 AM

Manama: Gulf Air, the national carrier of the Kingdom of Bahrain, hosted some of the airline’s Falconflyer loyalty program members in celebration of its newly-launched premium, black tier Falconflyer card. This was announced during an exclusive coc > read more

Garmco honours outstanding, long-serving employees

04/04/2015 09:57:09 AM

Manama: Gulf Aluminium Rolling Mill Company (GARMCO), the Bahrain-based international aluminium rolling mill and one of the largest downstream aluminium facilities in the Middle East, today held a ceremony at its headquarters in honour of employees f > read more

Art of Speed expo goes on display during F1 Grand Prix

04/04/2015 09:50:07 AM

BIC, Al Sakhir: World-renowned motor artist and sculptor, Dennis Hoyt, will showcase an exclusive exhibition of his latest automotive artwork at Bahrain International Circuit (BIC) during the highly anticipated 2015 Formula One Gulf Air Bahrain Grand > read more

MRS Fashions extends partnership with Baytik Industrial Oasis

04/04/2015 09:30:37 AM

MANAMA: Baytik Industrial Oasis Company (BIO), the only modular industrial leasing complex in Bahrain, expanded the space it lets to one of its key tenants, MRS Fashions (MRS), by 2,200-square-metres, a 22% increase over the 9,600 sqm leased under th > read more

KFH-B unveils Visa Signature

04/04/2015 09:25:24 AM

MANAMA: Kuwait Finance House-Bahrain (KFH-B) has launched ‘Visa Signature’, a Shari’a-compliant credit card which offers exclusive features, services, and rewards to their holders to provide them with the highest comfort. The new credit card wa > read more

Khairya Dashti 1st Arab businesswoman to win FCEM Award

04/04/2015 09:19:02 AM

Manama: The Association of Femmes Chefs d’Entereprises Mondiales (FCEM) has honored Khairya Dashti, Secretary General of the Arab Business Women’s Council and the General Coordinator of the 63rd Annual FCEM World Business Women’s Congre > read more

Extremist, violent ideologies represent a totalitarian mentality

04/04/2015 09:12:51 AM

MANAMA: Extremist and violent ideologies, occidental and oriental, are representing a totalitarian mentality and reminds us the Christian fundamentalism of 16th century, according to an expert. This was the crux of the presentation by IPI President T > read more

Police busts ammunition factory

04/04/2015 02:05:16 AM

MANAMA: The General Director of Criminal Investigation and Forensic Science announced on Friday the arrest of a group of terrorists, one of which had a gun and ammunition in his possession. Additional weapons, including a homemade shotgun, and materi > read more

Gasly finishes at top during last day of GP2 testing

04/03/2015 09:39:52 AM

BIC, Al Sakhir: Pierre Gasly showed off his blistering pace on Friday as he topped the timesheets on the third and final day of GP2 pre-season testing at Bahrain International Circuit (BIC) in Sakhir. The Frenchman steered his DAMS challenger [… > read more

Nabeel Rajab arrested on incitement charges

04/03/2015 07:32:42 AM

MANAMA: The General Director of Anti-Corruption and Economic and Electronic Security announced on Thursday the arrest of Nabeel Rajab after he posted information that could incite others and disrupt civil peace. He also illegally defamed a statutory > read more

Matsushita tops the ladder on day two of GP2 testing at BIC

04/03/2015 07:29:52 AM

BIC, Al Sakhir: Nobuharu Matsushita topped the timesheet on day two of the GP2 Series’ pre-season testing at Bahrain International Circuit (BIC) in Sakhir on Thursday. The Japanese rookie made a late push in new tyres to rocket to first […] > read more

Red Bull X-FIGHTERS JAMS moved Friday, Saturday

04/02/2015 09:02:24 AM

BIC, Sakhir:Bahrain International Circuit (BIC) regretfully announces that tonight’s show in the Red Bull X-Fighters Jams has been postponed due to the unstable weather conditions. The event will now be held over the weekend on Friday and Saturday > read more

Bahrain unveils state-of-the-art public transport system

04/02/2015 08:43:11 AM

MANAMA: The Kingdom of Bahrain on Thursday unveiled an ambitious public transport initiative with tentative goal to cover 77% of the country by state-of-the-art public transport network by August, thanks to over 25,500 passengers utilizing this facil > read more

Bahrain’s multiple visa facilities similar to developed world

04/02/2015 08:36:16 AM

MANAMA: Interior Ministry, Undersecretary for Nationality, Passports and Residence Affairs (NPRA), Shaikh Rashid bin Khalifa Al Khalifa has said that the launch of the second phase of the new facilities to issue visas on arrival and online has added > read more

EDB-China inks agreement on economic, investment cooperation

04/02/2015 08:34:23 AM

MANAMA: The Bahrain Economic Development Board (EDB) and the Department of Commerce of the Hunan Province in China today signed a Memorandum of Understanding (MOU) emphasising economic and investment cooperation in various sectors, including infrastr > read more

Bahrain-China seeks co-operation in investment, trade

04/02/2015 08:29:13 AM

MANAMA: Bahrain Chamber of Commerce and Industry hosted a Chinese business delegation form Hunan province, known for its flourished heavy industries, at the Chamber’s headquarters yesterday. The visit was organized by Economic Development Board (ED > read more

Police arrests a duo in murder case

04/02/2015 08:26:52 AM

MANAMA: The Director-General of the Capital Governorate Police announced on Wednesday the arrest of two suspects for murdering a Bahraini in Adliya. He said police was contacted about a body in a house in Adliya. The forensic team rushed to […] > read more

ABG-ABIB extends support to BIBF

04/02/2015 08:25:19 AM

MANAMA: Al Baraka Islamic Bank (ABIB) and Al Baraka Banking Group (ABG) donated BD5000 in support of the BIBF Dealing Room, the first educational training facility of its kind in the region. Mohamed Isa Al Mutaweh, CEO of Al Baraka […] > read more

City Centre Bahrain offers a Lamborghini Huracan to win

04/02/2015 08:22:42 AM

Manama: City Centre Bahrain, the largest shopping, leisure and entertainment destination in Bahrain, invites both residents and tourists to join its race-themed festivities from April 1- 30, 2015, including screenings of the new ‘Furious 7’ cinem > read more

Gulf Air flight disruption due to bad weather

04/02/2015 08:19:49 AM

Muharraq: Following the extreme weather conditions that affected Bahrain and other GCC states on Wednesday evening Gulf Air, the Kingdom of Bahrain’s national carrier, apologizes to all passengers whose flights were affected as a result. A severe s > read more

Bahrain suspends inbound flights temporarily

04/01/2015 16:37:20 PM

MANAMA: Strong dusty winds which started at around 8.30pm local time has interrupted the inbound flights operations at the Bahrain International Airport (BIA). Flights to Bahrain have been suspended temporarily due to unstable weather conditions, an > read more

Al Hawaj celebrates Mother’s Day in a style

03/31/2015 00:01:28 AM

MANAMA: Six lucky winners won Al Hawaj’s heart with their sweetest message to their moms during the recently-concluded Mother’s Day “I Love My Mom” CAMPAIGN of Al Hawaj at the Four Seasons Hotel Bahrain Bay. Hussain Khalil, Sa > read more

GCC eCommerce sales reach $12b in 2013

03/30/2015 23:55:28 PM

SEEF: The eCommerce retail sales in the year 2013 value approximately 5% of the total global retail sales estimated at $ 14 trillion. GCC eCommerce transactions value about $12 billion; eCommerce sales in the Kingdom of Bahrain in 2014 estimated [ > read more

VIVA offers Samsung Galaxy S6, S6 edge in Bahrain

03/30/2015 23:14:12 PM

Manama: VIVA Bahrain, in partnership with Samsung Electronics Co., Ltd., has launched a campaign to give its customers the opportunity to enjoy Samsung’s thinnest phones ever created, the Galaxy S6 and S6 edge first. VIVA customers are now able to > read more

SCW concludes youth training programme

03/30/2015 23:11:52 PM

Riffa: The Supreme Council for Women (SCW) concluded the youth oratory and promotional training skills programme. The training course took place in the period March 22-26 at the SCW’s premises with participation of employees and members of the > read more

SICO shareholders approves cash dividend of BD3.86m

03/30/2015 23:09:41 PM

Manama: The shareholders of Securities and Investment Company (SICO), which is licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, have approved the payment of a cash dividend of BD 3.86 million representing nine per cent > read more

BBK’s $400m bond oversubscribes 125% to $900m

03/30/2015 23:04:49 PM

MANAMA: BBK, Bahrain’s pioneer in retail and commercial banking, closed a bond issuance of $400 million last week through the issuance of an international senior unsecured bond with a five year maturity date. The issuance targeted professional inve > read more

Pakistan’s top military delegation reviews ties with BDF

03/29/2015 12:22:17 PM

MANAMA: Commander-in-Chief of the Bahrain Defence Force (BDF), Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa, received the Chairman of the Joint Chiefs of Staff Committee, Pakistan, General, Rashid Mahmood and his accompanying delegation, current > read more

Bahrain-Pakistan enjoys excellent ties in military, defence fields

03/29/2015 12:16:27 PM

GUDAIBIA PALACE: His Royal Highness, Prime Minister, Prince Khalifa bin Salman Al Khalifa, expressed satisfaction over the advanced level of Bahraini-Pakistani relations in all fields, especially the military and defence fields, in light of the exist > read more

HRH PM issues directives to maintain security, stability

03/29/2015 12:10:56 PM

Gudaibia Palace: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has affirmed that the latest developments in the region and their consequences require ensuring Bahrain’s stability. He directed to maintain the KingdomR > read more

Bahrain-China looks beyond $1.7b trade

03/29/2015 12:09:22 PM

MANAMA: The Economic Development Board (EDB) is hosting businessmen and trade officials from Hunan Province in the People’s Republic of China this week, who will meet officials and private sector counterparts during a two day visit to the Kingdom. > read more

Rashdan, Hassan, AlSaei new Karting Champions

03/29/2015 12:07:28 PM

BIC, Sakhir: Najashi Rashdan, Hussain Hasan and Khaled Alsaei were all crowned national karting champions this past weekend. They emerged victorious in their respective competition categories after the final round of the 2014-2015 Bahrain Karting Spr > read more

GP2 drivers, teams begin arriving in Bahrain

03/29/2015 12:05:23 PM

BIC, Sakhir: Drivers and team members competing in the GP2 Series have begun arriving in Bahrain ahead of their pre-season tests at Bahrain International Circuit (BIC) this weekend. “The Home of Motorsport in the Middle East” will be hosting thre > read more

BIC enjoys bright start to race fever campaign

03/29/2015 12:02:39 PM

BIC, Sakhir: Bahrain International Circuit (BIC) enjoyed a fantastic start to its Race Fever campaign over the weekend, attracting scores of fans at the various stops of a cross-island promotional tour. A BIC team led by celebrities from Bahrain and > read more

GCC-wide Credit Reference Bureau link by early 2016

03/29/2015 11:57:34 AM

MANAMA: In a move to integrate the data base of the corporate institutions, the GCC Credit Reference Bureau will be linked by early next year making possible for banks and financial institutions to share the corporate clients information across the [ > read more

Bahrain plans efficient, cost effective fund transfer system

03/29/2015 11:55:11 AM

MANAMA: The Kingdom of Bahrain, the home of over 400 financial institutions will see the implementation of another strategic service called the Electronic Fund Transfer System (EFTS) service by August this year, according to BENEFT Co. CEO. “The se > read more

Tamkeen’s customer-centric strategy yields positive results

03/29/2015 00:00:14 AM

Manama: Tamkeen’s strategy, which revolves around enhancing quality, serving customers, and achieving results, is already paying dividends as we push forward in 2015 and beyond, according to a top official. “With our revamped customer-oriented pr > read more

Bahrain plans a risk free telecom infrastructure

03/28/2015 23:58:47 PM

Seef District: Modern society is increasingly reliant on telecommunications. Failure to maintain a fully operational network infrastructure would pose a threat both to national security and to the effective functioning of society, according to a top > read more

BAB honours Bahrain Polytechnic graduate students

03/28/2015 23:57:27 PM

Manama: The Bahrain Association of Banks (BAB) has honoured three graduate students from the Faculty of Business at Bahrain Polytechnic. The three students, Salman Alzarqawi, Fatima Alsubah and Maryam Husain, all contributed to the research, writing > read more

Arab League Summit bolsters interstate relations

03/28/2015 15:59:46 PM

Sharm El Sheikh: His Majesty King Hamad bin Isa Al-Khalifa hoped that the 26th Arab Summit resolutions would contribute to expanding interstate Arab relations. “The Arab leaders are sparing no effort to push interstate relations forward and dev > read more

Bahrain-Jordan reviews regional security situation

03/28/2015 15:58:05 PM

Sharm El Sheikh: His Majesty King Hamad bin Isa Al-Khalifa has met at his residence in Sharm El-Sheikh resort with King Abdulla II ibn Al-Hussein of Jordan, on the sidelines of the 26th Arab Summit, and discussed historic fraternal relations [… > read more

Yemen crisis jeopardizes security, stability of the region

03/28/2015 15:54:04 PM

Sharm El Sheikh: His Majesty King Hamad bin Isa Al Khalifa said that among the challenges currently faced by the Arab Nation was the deepening situation in brotherly Yemen and the rapid developments which had taken place there in a […] > read more

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) (, 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

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