Bahrain, Saudi Fund ink two $25m financing deal

Bahrain, Saudi Fund ink two $25m financing deal

Two US$25 million Financing Grant Agreements were signed yesterday between the Government of Bahrain and the Saudi Fund for Development. The amount came within the implementation of Phase III of the share of Saudi Arabia (US$2.5 billion) in the Gulf Development Programme.

The agreements were signed by Shaikh Ahmed bin Mohammed Al Khalifa, the Minister of Finance, and Khalid bin Sulaiman Al Khudairi, Vice President and Board Member, on the sidelines of the annual meetings of the World Bank Group and the International Monetary Fund in Bali, Indonesia. The first agreement provides US$14.4 million to finance a new 2.8 km access road to ‘Lawzi Housing Scheme’ along with developing 4 intersections. More than 30 thousand residents will benefit from the project, which will reduce traffic congestion and enhance the efficiency of the intersections.

The second agreement is basically an amendment to the previous one signed between the two sides on 24th March 2014, on the financing of the project for the establishment of the Long Stay Care Centre, Muharraq, raising the amount of funding for the project by US$10.6 million to a total value of US$47.6 million. With a capacity of 100 beds, the project involves the construction of a fully equipped health centre for long-term conditions.




Dialogue puts spotlight on cultural diversity

Dialogue puts spotlight on cultural diversity

Major personalities belonging to the Arab and European cultural scenes came together to discuss the significance of culture as a structuring element in history. ‘The Intercultural Dialogue Between World Cities’ was attended by André Azoulay, senior adviser to King Moham

Record drugs bust for Kingdom-based CMF

Record drugs bust for Kingdom-based CMF

HMS Dragon, operating under the Combined Maritime Forces, has conducted her second major seizure of narcotics in less than two weeks, the CMF website reported. The Type 45 Destroyer was on patrol as part of CMF’s Combined Task Force (CTF) 150 when the crew found and destroyed more t

Observatory to check on lawmakers’ performance

Observatory to check on lawmakers’ performance

An initiative to monitor the performance of the parliamentarians including keeping a close eye on the attendance of MPs at sessions was launched yesterday. Responding to the need to have independent civil institutions that transparently monitor the performance of Bahraini Legislative Coun

Woman elected head after hours of House drama

Woman elected head after hours of House drama

The newly-elected members of the parliament yesterday elected lawmaker Fawzia Zainal as the House chairwoman after an intense drama which exhibited many lawmakers criticising each other as well as the process of selection. MP Adel Al Asoomi, one of the contenders for the top House post, w

First comes duty

First comes duty

His Majesty King Hamad bin Isa Al Khalifa yesterday opened the first session of the Fifth Legislative Term in the presence of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commande

Second phase of water park project to commence soon

Second phase of water park project to commence soon

The Ministry of Works, Municipal Affairs and Urban Planning announced that it would begin the implementation of the second phase of the water park project in the Capital. The project is part of the ministry’s initiatives to promote sustainable urban development. Speaking to Tribune,


Growing the Red gold

Growing the Red gold

Starting before dawn has even broken, Afghanistan’s army of saffron pickers shift their way across sunbaked fields to pluck brightly the coloured crocuses that are providing the country’s farmers with a new means of income.

Solar energy to power Waqf

Solar energy to power Waqf

The first of the 535 government buildings in the Kingdom, identified to receive solar power, has received its solar roof, with Electricity and Water Affairs Minister Dr Abdulhussain Mirza inaugurating the system installed at Jaffriya W

US nuns stole money to gamble in Vegas

US nuns stole money to gamble in Vegas

Two California nuns who stole around $500,000 dollars from the school where they worked and splashed out on travel and gambling in Las Vegas are facing criminal charges, their order confirmed Tuesday. Sisters Mary Margaret Kreuper and

We accept people’s mandate: PM Modi

We accept people’s mandate: PM Modi

I ndia’s ruling party suffered stinging election defeats in at least two stronghold states, results showed Tuesday, in a big blow to Prime Minister Narendra Modi before national polls in 2019. The votes held earlier this month an