• World Islamic Banking Conference
Alibaba’s co-founder and chairman, Jack Ma to retire at 54

Alibaba’s co-founder and chairman, Jack Ma to retire at 54

Alibaba’s charismatic co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.

Ma was an English teacher before starting Alibaba in 1999 and built it into a multibillion-dollar internet colossus, becoming one of the world’s richest men and a revered figure in his homeland.

His own worth has soared along with that of the company, which has added cloud computing, films and e-payments to its growing portfolio and was valued at $420.8 billion when the stock market closed on Friday.

Ma told The New York Times that he plans to step down from the company on Monday -- his 54th birthday -- referring to his departure as “the beginning of an era” rather than an end.




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