article-image

India to merge three state-owned banks

New Delhi : India plans to merge three state-run banks, Bank of Baroda, Dena Bank and Vijaya Bank, the financial services secretary said yesterday, as part of efforts to clean up the country’s banking system. The government will continue to provide capital support to the merged b

article-image

Two sons of Mubarak arrested for stock manipulation

The two sons of former Egyptian president Hosni Mubarak were arrested yesterday for alleged stock manipulation, a judicial source said.  Gamal and Alaa Mubarak are accused alongside three other people of failing to notify the stock market of agreements to acquire majorities in severa

article-image

Make ‘informed’ choices, says TRA

The Telecommunications Regulatory Authority (TRA) yesterday announced new amendments to its Quality of Service (“QoS”) Regulation setting out key targets for licensed operators to achieve in delivering services to consumers. Under the new framework, the office of the Telecommunication

article-image

Washington approves plane, missile sale to S.Korea

Washington : The United States on Thursday approved a new arms sale to South Korea worth $2.6 billion, with denuclearization talks stalled between Washington and the North. Six Poseidon maritime patrol aircraft worth $2.1 billion form the bulk of the sale, the Defense Security Coo

article-image

5G network coming soon

With the first 5G-ready smartphones expected to be released in 2019, mobile phone operators are gearing up to test the new super-fast network. Super-fast mobile streaming could start to appear in some regions as early as next year. Network providers around the world are preparing to te

article-image

Amazon’s Bezos unveils $2bn philanthropic fund

Washington : Amazon founder Jeff Bezos, the richest person on the planet, announced Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial $2 billion. Bezos made the announcement on Twitter a year a

article-image

GPS hosts banking and finance leaders

Manama : Global Payment Services (GPS) gathered more than 100 banking and finance leaders at the Four Seasons Hotel Bahrain Bay for an evening of engagement focusing on the company’s continued mission of “Driving Excellence in Payment Services.” The event was held in

article-image

Airport to be showcased at World Route Forum

Manama : Bahrain Airport Company (BAC) will showcase Bahrain International Airport’s (BIA) competitiveness as a regional aviation hub and promote the Kingdom as a tourism destination, alongside the Bahrain Economic Development Board and the Bahrain Tourism and Exhibition Authorit

-->