Bahrain

MBM to open new showroom
Aug 18

MBM to open new showroom

Manama : Manama Building Materials (MBM) will inaugurate their new showroom in Manama on Saturday at 10am. The details of the opening were revealed yesterday at a press conference held at the Taste Buds Restaurant.   Managing Director Rajan Chettayil said the new showroom will serve...

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Bahrain Foreign Exchange Rates
Aug 17

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.70685  Australian Dollars AUD 3.23939  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.27847  Swiss...

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GCC Gold Rates
Aug 17

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 146.50 AED 156.00 AED Qatar 149.00 QAR 159.00 QAR Bahrain 15.00 BHD 16.00 BHD Kuwait 12.20 KWD 12.75 KWD Oman 15.80 OMR 16.45 OMR Saudi...

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Minister opens  220kv airport facility
Aug 17

Minister opens 220kv airport facility

Manama : Electricity and Water Affairs Minister Dr. Abdulhussain Mirza yesterday inaugurated the 220kV airport terminal in the presence of Electricity and Water Authority (EWA) Chief Executive Sheikh Nawaf bin Ibrahim Al Khalifa and officials.  The project is to take care of the expansion of the...

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Vestire Fashion Boutique open doors in Bahrain
Aug 17

Vestire Fashion Boutique open doors in Bahrain

Manama : Vestire Fashion Boutique which meets the demand for unique, classy, high-end, clothing and accessories for women was inaugurated.  The shop was opened by owner Adnan Mustafa along with Nazia Mustafa. The opening ceremony took  place  at Shop-111, Mezzanine Floor, Al Murjan Centre,...

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Bahrain Foreign Exchange Rates
Aug 16

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.70685  Australian Dollars AUD 3.27011  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.30153  Swiss...

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GCC Gold Rates
Aug 16

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 144.75 AED 154.25 AED Qatar 147.50 QAR 157.50 QAR Bahrain 14.80 BHD 15.80 BHD Kuwait 12.20 KWD 12.75 KWD Oman 15.65 OMR 16.30 OMR Saudi...

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Bahrain Foreign Exchange Rates
Aug 15

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.70685  Australian Dollars AUD 3.27944  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.30568  Swiss Francs CHF 2.52921  Egyptian...

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GCC Gold Rates
Aug 15

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 145.00 AED 154.50 AED Qatar 148.00 QAR 158.00 QAR Bahrain 14.80 BHD 15.80 BHD Kuwait 12.20 KWD 12.75 KWD Oman 15.65 OMR 16.30 OMR Saudi...

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GFH completes major acquisition
Aug 15

GFH completes major acquisition

Manama : GFH Financial Group ("GFH") on Tuesday announced that it has completed the acquisition of $1.2bn infrastructure portfolio in Africa and Middle East.The acquisition comes as part of GFH’s new strategy approved in the last shareholders’ Extraordinary General Meeting in March 2017 and subsequent to...

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Bahrain Foreign Exchange Rates
Aug 14

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.70497  Australian Dollars AUD 3.26499  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.29413  Swiss...

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GCC Gold Rates
Aug 14

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 146.25 AED 155.75 AED Qatar 149.00 QAR 159.00 QAR Bahrain 14.90 BHD 15.90 BHD Kuwait 12.20 KWD 12.75 KWD Oman 15.80 OMR 16.45 OMR Saudi...

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Arig reports improved half-year profits from underwriting and investment
Aug 14

Arig reports improved half-year profits from underwriting and investment

Manama : : Arig reported net profits of US$ 4.1 million for the first half of the year 2017, an increase of 128% year-on-year (half-year 2016: US$ 1.8 million). The company’s technical result for the first half-year rose to US$ 8.6 million (half-year 2016: US$ 4.0 million), while investment income increased to...

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Bahrain Foreign Exchange Rates
Aug 13

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.70497  Australian Dollars AUD 3.25500  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.28666  Swiss Francs CHF 2.50394  Egyptian...

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GCC Gold Rates
Aug 13

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 146.75 AED 156.25 AED Qatar 149.50 QAR 159.50 QAR Bahrain 14.90 BHD 15.90 BHD Kuwait 12.20 KWD 12.75 KWD Oman 15.80 OMR 16.50 OMR Saudi...

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BCCI to host seminar on GCC Conformity Assessment Scheme
Aug 13

BCCI to host seminar on GCC Conformity Assessment Scheme

Manama : The Bahrain Chamber of Commerce and Industry (BCCI) is hosting an induction seminar on the GCC Conformity Assessment Scheme on Tuesday at 9 am in Al Majlis Hall of Bait Al Tijjar.   The seminar will be held in cooperation with the Ministry of Industry, Commerce, and Tourism and GCC...

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Kajol is Joyalukkas  brand ambassador
Aug 13

Kajol is Joyalukkas brand ambassador

Manama : Joyalukkas has signed up one of the most successful and admired actresses in Indian cinema as the brand’s ambassador. “Kajol is a perfect fit for Joyalukkas,” said Joy Alukkas, Chairman and Managing Director of Joyalukkas Group.  “She is one of the most iconic beauties in...

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Fifteen students join KHCB  internship programme
Aug 13

Fifteen students join KHCB internship programme

Manama : As part of its commitment to social responsibility, Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has recently welcomed 15 students from local universities into its annual internship program which provides students with practical training opportunities,...

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‘Global Village’ proposed  to revive tourism sector
Aug 13

‘Global Village’ proposed to revive tourism sector

Manama : An MP yesterday called for replicating Dubai’s ‘Global Village’ model in Bahrain to revive tourism in the Kingdom. House of Representatives Member Osama Al Khaja called upon Bahrain Exhibitions and Tourism Authority of Industry, Commerce and Tourism Ministry to benefit from the emirati...

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Bahrain Foreign Exchange Rates
Aug 12

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.70497  Australian Dollars AUD 3.25500  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.28666  Swiss...

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GCC Gold Rates
Aug 12

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 146.75 AED 156.25 AED Qatar 149.50 QAR 159.50 QAR Bahrain 14.90 BHD 15.90 BHD Kuwait 12.20 KWD 12.75 KWD Oman 15.80 OMR 16.50 OMR Saudi...

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Bahrain Foreign Exchange Rates
Aug 11

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.70497  Australian Dollars AUD 3.27590  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.30186  Swiss Francs CHF 2.50344  Egyptian...

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GCC Gold Rates
Aug 11

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 146.25 AED 155.75 AED Qatar 149.00 QAR 159.00 QAR Bahrain 14.90 BHD 15.90 BHD Kuwait 12.20 KWD 12.75 KWD Oman 15.75 OMR 16.40 OMR Saudi...

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CBB sets new crowdfunding rules for SMEs
Aug 11

CBB sets new crowdfunding rules for SMEs

Manama : The Central Bank of Bahrain (CBB) yesterday introduced a new regulatory framework allowing small and medium sized businesses in Bahrain and in the region to raise conventional or Shari’a compliant financing through crowdfunding.  The norms allows a borrower/fundraiser to raise a maximum...

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Bahrain Foreign Exchange Rates
Aug 10

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.70309  Australian Dollars AUD 3.26158  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.29946  Swiss...

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GCC Gold Rates
Aug 10

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 145.25 AED 154.50 AED Qatar 148.00 QAR 158.00 QAR Bahrain 14.80 BHD 15.80 BHD Kuwait 12.20 KWD 12.75 KWD Oman 15.70 OMR 16.30 OMR Saudi...

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CIBAFI  seminar on credit  ratings
Aug 10

CIBAFI seminar on credit ratings

Manama  : The General Council for Islamic Banks and Financial Institutions (CIBAFI) in cooperation with S&P Global Ratings is organising a seminar on ‘Credit Ratings: Focus on Islamic Banks and Sukuk Ratings Methodology’.  The seminar, under the patronage of...

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Kanoo Oil & Gas signs deal with BRDR Christensen
Aug 10

Kanoo Oil & Gas signs deal with BRDR Christensen

Manama : Kanoo Oil & Gas, a division of YBA Kanoo Group has signed an Assembler Agreement with BRDR Christensen of Denmark for the local assembly of Lubricated Plug Valves in Saudi Arabia.  The deal was signed during a recent visit by a high-level management delegation from BRDR Christensen, which...

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Bahrain Chocolate Expo gains momentum
Aug 10

Bahrain Chocolate Expo gains momentum

Manama : The second edition of the chocolate and Coffee Exhibition is gaining momentum with 30 Bahraini and GCC companies confirming their participation.  The three-day event, held under the patronage of Bahrain Tourism and Exhibition Authority (BTEA) Chief Executive Officer Shaikh Khalid bin Humood...

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Khalid bin Hamad Theatre  Festival workshops begin
Aug 10

Khalid bin Hamad Theatre Festival workshops begin

Manama : As part of the preparations for the third edition of Khalid bin Hamad Youth Theatre Award Festival for National Clubs, Youth Centres and People with Disabilities, several workshops were held at different art and cultural centres. Successfully organised for the third consecutive year, the festival...

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GPIC gets two year licence to run export terminal
Aug 10

GPIC gets two year licence to run export terminal

Manama : The Gulf Petrochemical Industries Company (GPIC) has been licenced by the Ministry of Transport and Telecommunications’ Ports and Maritime Navigation Affairs Department to manage the company’s export terminal. The two-year licence was officially handed over when GPIC President Dr....

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Bahrain Cinema Company posts BD35.89m net profit
Aug 10

Bahrain Cinema Company posts BD35.89m net profit

Manama : Bahrain Cinema Company, also known as Cineco, yesterday released financial statements for the second quarter of 2017, reporting a record Net Profit of BD35.89 million for the first six months of 2017 as compared to BD1.4m reported during the corresponding period of the financial year,...

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Bahrain Foreign Exchange Rates
Aug 09

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.70309  Australian Dollars AUD 3.25680  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.28483  Swiss...

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GCC Gold Rates
Aug 09

GCC Gold Rates

          Country (22kt/gm) (24kt/gm) United Arab Emirates 144.00 AED 153.25 AED Qatar 147.00 QAR 157.00 QAR Bahrain 14.70 BHD 15.70 BHD Kuwait 12.05 KWD 12.60 KWD Oman 15.55...

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Alba names new Manager
Aug 09

Alba names new Manager

Manama : Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, promoted recently Haitham Al Saegh to Manager Reduction Maintenance and Services.   Haitham joined Alba in 2001 as an electrical apprentice in Maintenance Carbon 1 & 2.  In 2014, he was appointed as...

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Bahrain Foreign Exchange Rates
Aug 08

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.70309  Australian Dollars AUD 3.24286  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.28299  Swiss...

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GCC Gold Rates
Aug 08

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 143.50 AED 152.75 AED Qatar 146.00 QAR 156.00 QAR Bahrain 14.70 BHD 15.70 BHD Kuwait 12.05 KWD 12.60 KWD Oman 15.50 OMR 16.15 OMR Saudi...

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BHB, MoE sign cooperation deal
Aug 08

BHB, MoE sign cooperation deal

Manama : Bahrain Bourse (BHB) and the Ministry of Education  (MoE) signed a cooperation agreement to enhance investment awareness among students such as the launch of a new initiative called the Smart Investor Programme.   The agreement was signed by the Chief Executive Officer of Bahrain Bourse...

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TRAFCO reports H1 profit of BD1.14m
Aug 08

TRAFCO reports H1 profit of BD1.14m

Manama : Trafco Group yesterday announced financial results for the first half of the year ending 30th June 2017, reporting a 15 per cent increase in its net profit over the same period last year.  Net profit touched almost BD1.14 million against BD985 thousand last year, although total sales dropped...

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ABG announces H1 net income of $70 million
Aug 08

ABG announces H1 net income of $70 million

Manama : Bahrain based Al Baraka Banking Group B.S.C (ABG) achieved US$70 million net income attributable to equity holders of the parent during the first half of 2017 with a decline of 14 per cent compared to the same period last year. The total assets were up 5pc, financing and investments by 7pc,...

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Solar expo from September 17-19
Aug 08

Solar expo from September 17-19

Manama :  The three-day Solar Technology Energy and Environment in Bahrain expo (STEEB), a first-ever event in the Kingdom, to be held under the patronage of Dr Abdul Hussain Mirza, Minister of Water and Electricity, will begin at the Bahrain International Exhibition & Convention Centre on September...

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GCC Gold Rates
Aug 07

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 143.25 AED 152.50 AED Qatar 146.00 QAR 156.00 QAR Bahrain 14.70 BHD 15.70 BHD Kuwait 12.05 KWD 12.60 KWD Oman 15.45 OMR 16.10 OMR Saudi...

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 Gulf Air hosts travel trade event in Jeddah
Aug 07

Gulf Air hosts travel trade event in Jeddah

Jeddah : Gulf Air has recently welcomed key travel trade industry representatives from Jeddah to a dinner event hosted by Gulf Air’s Country Manager in Jeddah, Zubair Ahmed Muhammed. At the event, Gulf Air’s longstanding commitment to the Saudi market was reiterated while guests learned of the...

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KHCB holds client relationship management course
Aug 07

KHCB holds client relationship management course

Manama : Khaleeji Commercial Bank (KHCB), has organised a training course for its Client Relationship Managers in collaboration with the Bahrain Institute of Banking and Finance (BIBF).  The course, which corresponds with the bank’s commitment to providing clients with a leading banking experience,...

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NBK Bahrain reports $122m net profit in H1
Aug 07

NBK Bahrain reports $122m net profit in H1

Manama : National Bank of Kuwait-Bahrain (NBK Bahrain), yesterday reported a net profit of USD 122 million (BHD 46.067m) for the first half of 2017 compared with USD 92m (BHD 34.772m) for the same period of 2016, a growth of 32.5pc year-on-year. NBK-Bahrain’s total assets increased by 21.4pc y-o-y to USD...

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Bahrain Foreign Exchange Rates
Aug 06

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.70309  Australian Dollars AUD 3.24202  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.27890  Swiss Francs CHF 2.53203  Egyptian...

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GCC Gold Rates
Aug 06

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 143.25 AED 152.50 AED Qatar 146.00 QAR 156.00 QAR Bahrain 14.70 BHD 15.70 BHD Kuwait 12.05 KWD 12.60 KWD Oman 15.45 OMR 16.10 OMR Saudi...

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High call rates, poor data irk telecom users
Aug 06

High call rates, poor data irk telecom users

Manama : Telecom customers in Bahrain are an unhappy lot. For the past few months, several customers are complaining that they are surprised with higher call rates and pathetic data quality.  Consumers here say that telecom operators are silently replacing many of their low cost plans with pricier...

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Bahrain Foreign Exchange Rates
Aug 05

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.70309  Australian Dollars AUD 3.24202  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.27890  Swiss...

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GCC Gold Rates
Aug 05

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 143.25 AED 152.50 AED Qatar 146.00 QAR 156.00 QAR Bahrain 14.70 BHD 15.70 BHD Kuwait 12.05 KWD 12.60 KWD Oman 15.45 OMR 16.10 OMR Saudi...

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