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Sri Lanka reverses $300m housing deal

Sri Lanka has reversed a decision to award a $300-million housing deal to China in favour of a joint venture with an Indian company, the government said, ahead of a visit by the prime minister to its South Asian neighbour.

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IMTA opens new showroom for Mazda

International Motor Trading Agency (IMTA), the preferred distributor for Mazda passenger vehicles in Bahrain, has officially opened a brand-new Mazda showroom. The new state-of-the-art facility is spread over 3,753.00 Sq. Mt. and offer

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Sun, Seas and sand

Mesmerizing blue seas and pristine white sands are taking the guest experience to new heights at Four Seasons Hotel Bahrain Bay, following the launch of The Beach. Curving along the private island’s sun-drenched southern shore, t

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NBB profits rise 11.3pc

The National Bank of Bahrain (NBB) yesterday announced recording a solid double-digit growth in its profitability for the first nine months of 2018, supported mainly by its “more prudent asset liabilities management” skills

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Simona Halep pulls out of Kremlin Cup

Romania’s world number one Simona Halep yesterday withdrew from the Kremlin Cup, a joint WTA and ATP event, due to concerns over an ongoing back injury. “I tried everything I could to be ready here as I really wanted to pla

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Uber IPO value at $120bn

Ride-hailing giant Uber Technologies Inc could be valued at $120 billion, when it finally goes public next year according to proposals made by US banks bidding to run the offering, the Wall Street Journal reported yesterday.

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Oil falls on US shale output

Oil prices fell yesterday on evidence of higher US oil production and increasing US crude inventories, but reports of a fall in Iranian oil exports helped to limit losses. Brent crude was down 50 cents a barrel at $80.28 by 1320 GMT. U