• World Islamic Banking Conference
Walmart unit asked to explain India biz model

Walmart unit asked to explain India biz model

New Delhi : Walmart Inc’s unit has been asked to explain its business model in India after its acquisition of e-commerce platform Flipkart, following an objection raised by a local traders body. India’s National Company Law Apellate Tribunal (NCLAT), which is in charge of matters related to Indian companies, issued an order to Walmart Inc subsidiary Wal-Mart International Holdings Inc, the document dated Sept. 6 showed.

The Confederation of All India Traders filed their plea late last month against the $16 billion acquisition. NCLAT has asked Wal-Mart International to file its reply by Sept. 20.




MENA Aerospace to take part in air show

MENA Aerospace to take part in air show

MENA Aerospace will be participating in the Bahrain International Air Show 2018 (BIAS 2018) at Sakhir Airbase at exhibition stand E06 and Chalet A36. Strategic partners InterTec and IJM will be well-represented, with top executives fro

Export Bahrain opens

Export Bahrain opens

Bahrain’s SME Development board in cooperation with Tamkeen yesterday launched ‘Export Bahrain’ aimed at strengthening the private sector’s role, promote exports and increase the competitive power of local small

ADGM, CBB in deal to promote fin sector

ADGM, CBB in deal to promote fin sector

Abu Dhabi Global Market (ADGM) and Central Bank of Bahrain (CBB) signed a Memorandum of Understanding (MoU) to promote and facilitate innovation in financial services across the United Arab Emirates and Bahrain. The agreement was signe

CBB to roll out “Open banking”

CBB to roll out “Open banking”

The Central Bank of Bahrain (CBB) will soon roll out an “open banking” initiative based on the idea of interconnecting licensed retail banks and other financial institutions. Draft rules to provide this new innovative servi


Death sentence for cop’s killers

Death sentence for cop’s killers

The High Criminal Court yesterday sentenced four suspects to death after they were convicted of committing a terrorist explosion that killed one police officer and injured two others in Diraz area on June 18 last year, said Terror Crime Chief Prosecutor Ahmed Al Hammadi. The police officer died i

Tackling rain havoc

Tackling rain havoc

The Cabinet chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa yesterday reviewed the steps taken by different ministries to tackle the ongoing rainy season. HRH the Prime Minister was informed about the effects of unstable weather conditions and the heavy r

Brave CF athletes arrive in Bahrain

Brave CF athletes arrive in Bahrain

Professional fighters who will compete in the 18th edition of Brave Combat Federation will arrive in Bahrain from today. The fight night will be held at the Khalifa Sports City in Isa Town, Bahrain on 16th November. The event will be t

IMMAF head praises KHK Heroes initiative

IMMAF head praises KHK Heroes initiative

2018 IMMAF - WMMAA World Championships of Amateur Mixed Martial Arts is set to create history for showcasing a social cause during the opening ceremony of the event. 2018 World Championships marks the biggest event ever held showcasing

Hamilton wins nail-biting Brazilian GP

Hamilton wins nail-biting Brazilian GP

New five-time world champion Lewis Hamilton steered his Mercedes to a nail-biting victory in yesterday’s Brazilian Grand Prix, a triumph that clinched the constructors championship for a fifth consecutive season for the team. The

MENA Aerospace to take part in air show

MENA Aerospace to take part in air show

MENA Aerospace will be participating in the Bahrain International Air Show 2018 (BIAS 2018) at Sakhir Airbase at exhibition stand E06 and Chalet A36. Strategic partners InterTec and IJM will be well-represented, with top executives fro