Bahrain

Bahrain Foreign Exchange Rates
May 29

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.44994  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.48639  Swiss...

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GCC Gold Rates
May 29

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 144.00 AED 153.25 AED Qatar 145.00 QAR 155.00 QAR Bahrain 14.90 BHD 15.80 BHD Kuwait 12.10 KWD 12.60 KWD Oman 15.55 OMR 16.20 OMR Saudi...

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ACMB holds inaugural meeting
May 29

ACMB holds inaugural meeting

Manama : The ASEAN Committee in Manama Bahrain (ACMB) held its inaugural meeting on Thursday at the residence of the Philippine Ambassador to the Kingdom of Bahrain, Alfonso A. Ver, in Bu Ashira, Manama. The ACMB was established after the ASEAN Foreign Ministers approved last month the request for the...

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3.7pc growth  in non-oil sector: EDB
May 29

3.7pc growth in non-oil sector: EDB

Manama : Fuelled by an impressive 3.7 per cent growth in the non-oil sector, Bahrain recorded an overall economic growth of 3pc in 2016, a key report revealed yesterday.  This according to the latest figures published in the Economic Development Board’s Bahrain Economic Quarterly also marks an...

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Ramadan treat at Ramee Grand
May 29

Ramadan treat at Ramee Grand

Manama : Ramee Grand Hotel and Spa has announced launching a campaign to promote Ramadan treat with Arabesque inspired Ramadan Tent at Al Bahrain Ballroom. “Chef Anurag and his team will be displaying an array of mouthwatering Arabic and International menu selection to savour. The Table will be set with...

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Tamkeen, BisB launch BD20m portfolio
May 29

Tamkeen, BisB launch BD20m portfolio

Manama : Tamkeen’s labour fund and Bahrain Islamic Bank inaugurated a BD20 million portfolio under the programme Tamweel+, to support medium and large enterprises. The programme provides Sharia-compliant financing, with Tamkeen supporting 70 per cent of the annual profit rate capped at 8pc on reducing...

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Ahlia University wins Bahrain Bourse TradeQuest
May 29

Ahlia University wins Bahrain Bourse TradeQuest

Manama : Ahlia University emerged as the winner of the TradeQuest challenge organised by the Bahrain Bourse in which five teams from universities all over the Bahrain participated.  BIBF and the University of Bahrain grabbed the second and third spot, respectively.  Announcing the awards at a ceremony...

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Batelco and Gulf Air sign new deal for communication
May 29

Batelco and Gulf Air sign new deal for communication

Manama : Batelco, and Gulf Air have signed an agreement to ensure the delivery of the latest communications solutions for Gulf Air’s evolving operation. The agreement also extends the business relationship of the firms who are marking 40 years of partnership. Under the agreement, Batelco will provide Gulf...

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GCC Gold Rates
May 28

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 144.25 AED 153.50 AED Qatar 145.00 QAR 155.00 QAR Bahrain 14.90 BHD 15.80 BHD Kuwait 12.10 KWD 12.60 KWD Oman 15.55 OMR 16.20 OMR Saudi...

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GPIC completes 24m hrs without lost time
May 28

GPIC completes 24m hrs without lost time

Manama : Gulf Petrochemical Industries Co. (GPIC) said it has achieved more than 24 million hours of work without a lost time accident in 2016, which also resulted in recording a profit of US$1 million for the year.  The results, according to GPIC’s Annual Report released yesterday, has maintained the...

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KHCB launches “Better than a Thousand Months” campaign
May 28

KHCB launches “Better than a Thousand Months” campaign

Manama : Khaleeji Commercial Bank (KHCB) yesterday announced the launch of its Ramadan campaign for the second consecutive year.  Under the slogan “Better than a Thousand Months”, the bank will hold competitions through social media channels and will distribute Ramadan baskets to needy families,...

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Social media advertisement spending on the rise
May 28

Social media advertisement spending on the rise

Manama : Bahrain’s advertising expenditure in digital and social media has witnessed sharp increases, as high as 20 per cent, notwithstanding slight declines in the Kingdom’s total advertising expenditures.  According to the Chairman of the International Advertising Association (IAA) Bahrain...

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KFH–Bahrain launches  Automall campaign
May 28

KFH–Bahrain launches Automall campaign

Manama : Kuwait Finance House – Bahrain (KFH-Bahrain) has announced an opportunity to win instant prizes  and cash prizes of up to BD200 as part of its recently launched Auto Finance campaign.  The campaign, according to KFH-Bahrain, will give its clients who obtained an Auto Finance deal from...

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Alba Line 6 on schedule
May 28

Alba Line 6 on schedule

Manama : Aluminium Bahrain (Alba) announced yesterday that it is making solid progress in its Line 6 Expansion, with the company securing first tranche of the Export Credit Agency (ECA), c. US$700 million financing.  “We expect another US$300 - US$400M of ECA-covered financing to be closed by the end...

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Bahrain Foreign Exchange Rates
May 27

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.44673  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.48663  Swiss...

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GCC Gold Rates
May 27

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 144.25 AED 153.50 AED Qatar 145.00 QAR 155.00 QAR Bahrain 14.90 BHD 15.80 BHD Kuwait 12.10 KWD 12.60 KWD Oman 15.55 OMR 16.20 OMR Saudi...

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Bahrain Foreign Exchange Rates
May 26

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.44542  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.48712  Swiss...

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GCC Gold Rates
May 26

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 143.25 AED 152.50 AED Qatar 144.00 QAR 154.00 QAR Bahrain 14.80 BHD 15.70 BHD Kuwait 12.10 KWD 12.60 KWD Oman 15.45 OMR 16.10 OMR Saudi...

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IIFM embarks on 3-yr strategic plan
May 26

IIFM embarks on 3-yr strategic plan

Manama : At its 36th meeting hosted by the Central Bank of Bahrain, the Board of Directors of the International Islamic Financial Market (IIFM) resolved to approve IIFM’s three-year strategic plan to take the Islamic finance industry forward by expanding its standardization initiatives and other services to...

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Middle East logistics conclave a big hit
May 26

Middle East logistics conclave a big hit

Manama : ME-Logistics-2017, organized by Poorna Corp., largely attended by the professionals from airline, logistics companies and from the shipping industry, was a good treat with overwhelming response. With the inaugural speech delivered by Yousif Isa Bubshait, Assistant Under Secretary, Ministry of Transportation...

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Al Salam Bank draw winners announced
May 26

Al Salam Bank draw winners announced

Manama : Al Salam Bank-Bahrain recently announced 12 winners in its May draw of the special financing promotion. The cash prizes were handed over by Majeed Yateem, Relationship Manager – Retail Banking department, to Hussain Ahmed Jasim grand prize winner of BD10,000 and Sayed Qasim Adnan Radhi winner of...

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Gulf Air’s new board holds first meeting
May 26

Gulf Air’s new board holds first meeting

Manama : Gulf Air, Bahrain’s national carrier, yesterday held its first Board of Directors meeting under the Chairmanship of Zayed bin Rashid Alzayani, Minister of Industry, Commerce and Tourism, following the appointment of its new members. The board focused on a broad spectrum of internal business...

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Malabar Gold  to distribute  60,000 iftar kits  in Ramadan
May 26

Malabar Gold to distribute 60,000 iftar kits in Ramadan

Manama : Malabar Gold and Diamonds will distribute over 60,000 special iftar meals/kits in the Gulf and Far East during Ramadan, a press release received here said. In Bahrain alone, the group is planning to provide over 4,500 iftar meals to the workers at different labour camps in Askar, Akker, Jau, Arad, Hidd etc....

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LIC International hold AGM
May 26

LIC International hold AGM

Manama : The annual general meeting and 98th board meeting of the Board of Directors of LIC (International) were held yesterday at Movenpick Hotel. Board welcomed the two new independent non-executive directors; A.K. Roy, former chairman-cum-managing director, General Insurance Corporation of India and Dr. S.N. Sarma,...

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Bahrain Foreign Exchange Rates
May 25

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.43737  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.48432  Swiss...

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GCC Gold Rates
May 25

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 143.25 AED 152.50 AED Qatar 144.00 QAR 154.00 QAR Bahrain 14.80 BHD 15.70 BHD Kuwait 12.10 KWD 12.60 KWD Oman 15.50 OMR 16.10 OMR Saudi...

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Bahrain Bourse is BBK Share Registrar
May 25

Bahrain Bourse is BBK Share Registrar

Manama : Bahrain Bourse (BHB) and BBK signed an agreement to assign Bahrain Bourse as a Share Registrar for the shares of the bank yesterday.  The agreement was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al-Khalifa, and the Chief Executive of BBK Reyadh Sater. According...

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Bahrain to host first China hi-tech forum in region
May 25

Bahrain to host first China hi-tech forum in region

Manama : A high-level Chinese delegation headed by Biao Chen, the Vice Mayor of Shenzhen Municipal Government is set to arrive in Bahrain later this week to attend the China High Tech Fair Bahrain Forum. The delegation includes 116 senior representatives from the Shenzhen Government and prominent Chinese...

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BIM to boost liquidity, investment: BHB CEO
May 25

BIM to boost liquidity, investment: BHB CEO

Manama : Bahrain Investment Market (BIM), an equity market for growing business ventures in Bahrain and the wider MENA region, can improve the liquidity of capital-intensive industries and boost foreign investment to the Kingdom. This came during an orientation session organized by Bahrain Bourse (BHB) for members of...

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Al Kindi Hospital’s Sanad branch opens
May 25

Al Kindi Hospital’s Sanad branch opens

Manama : Al Kindi Specialized Hospital opened its new branch ‘Al Kindi Medical Centre’ in Sanad, BNI Complex yesterday.  Chief Guest, President of the Supreme Health Council Lt-General Dr Shaikh Mohammed bin Abdulla Al Khalifa, opened the second branch in the presence of Shura Council Chairman Ali...

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Prof Al Azmi is new chairman of AGU board
May 25

Prof Al Azmi is new chairman of AGU board

Manama : Arabian Gulf University (AGU) Board of Trustees has unanimously chosen Prof. Hamid Mohammed Al-Azmi, Under Secretary of Higher Education in Kuwait, as the new Board of Trustees Chairman for three years starting from May 2017. He is the successor of Dr. Mohammad Abdulaziz Al-Ohali, Deputy Minister of Higher...

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Lulu clearance sale
May 25

Lulu clearance sale

Manama : With up to 90 per cent discount in a wide range of branded goods, the Lulu clearance sale promotion is drawing big crowds of shoppers to Ramli Mall. The sale will continue till June 18.  Garments, toys, electronics, IT products, mobile, home appliances, household, home furnishing, footwear, stationary...

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Batelco and Ericsson  conduct first 5G trial
May 25

Batelco and Ericsson conduct first 5G trial

Manama : Batelco, Bahrain’s leading digital solutions provider, and Ericsson, a world leading telecoms technology provider have joined forces to successfully conduct the first-ever 5G trial in Bahrain at Batelco’s Headquarters in Hamala, as part of the Batelco and Ericsson 5G Forum. The Minister of...

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KFH-Bahrain names April winners of ‘Libshara’
May 24

KFH-Bahrain names April winners of ‘Libshara’

Manama : Talal Sultan Mohamed has been named as the winner of the US$10,000 grand prize of ‘Libshara’ April draw, Kuwait Finance House - Bahrain (KFH-Bahrain) said in a statement yesterday.  The draw, held earlier this month, at the KFH-Bahrain’s headquarter in Bahrain World Trade Centre,...

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Companies urged to gear up for VAT
May 24

Companies urged to gear up for VAT

Manama : Companies will need to upgrade their IT systems in-order to deal with Value Added Tax (VAT) when it is implemented, an expert has said. Businesses will need to upgrade their accounting software when VAT is implemented, said T P Anand Senior Consultant at RSM in UAE.  He urged companies to upgrade their...

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Gulf industry,  economic integration in spot light
May 24

Gulf industry, economic integration in spot light

Manama : Bahrain yesterday kick-started two major trade conferences here with the defence against harmful international trade practices taking the centre stage at one of the venues, as the other deals with the economic and commercial integration of the Gulf Cooperation Council (GCC) nations. The 43rd GCC...

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Bahrain Foreign Exchange Rates
May 23

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.42489  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.49406  Swiss...

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GCC Gold Rates
May 23

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 143.75 AED 153.00 AED Qatar 144.50 QAR 154.50 QAR Bahrain 14.80 BHD 15.70 BHD Kuwait 12.10 KWD 12.60 KWD Oman 15.50 OMR 16.15 OMR Saudi...

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Hesham Noor BBK’s instant millionaire
May 23

Hesham Noor BBK’s instant millionaire

Manama : BBK’s Al Hayrat saving scheme has produced one more millionaire in 2017 by naming Hesham A. Aziz Mohammed Noor as the winner of its One million USD prize. “I am delighted to present the second One Million Dollar prize from Al Hayrat in this year! I would like to congratulate the winner on...

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Neopharma invests BD90m for diabetes management
May 23

Neopharma invests BD90m for diabetes management

Manama : Neopharma announced investing BD90 million (US$290m) towards diabetes management in the Gulf Cooperation Council (GCC) and other global markets.  This includes an investment of BD10m (US$27m) in a state-of-the-art Japanese factory, BD27m (US$72m) in the acquisition of patents and licenses and...

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Bahrain Foreign Exchange Rates
May 22

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.44317  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.50410  Swiss...

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GCC Gold Rates
May 22

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 142.50 AED 151.75 AED Qatar 144.00 QAR 154.00 QAR Bahrain 14.80 BHD 15.70 BHD Kuwait 12.10 KWD 12.60 KWD Oman 15.40 OMR 16.05 OMR Saudi...

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BHB now on eGovt portal
May 22

BHB now on eGovt portal

Manama : Bahrain Bourse (BHB) has launched its electronic services on the eGovernment portal, allowing registered investors to view their investment portfolios and details of their securities’ transactions. The service provides registered investors details of their ownership resulting from buying or selling...

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Alba names new manager
May 22

Alba names new manager

Manama : Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, appointed Hisham Al Kooheji as its new manager for Customers Services & Market Operations on Wednesday.  Hisham joined Alba in April 2011 as an Operational Excellence Specialist and was appointed as the Head of...

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Inovest reveals brand refresh
May 22

Inovest reveals brand refresh

Manama : The Inovest Group yesterday revealed its new corporate identity, which according to the company “better reflects the Group’s strategic direction and positioning as a sharia compliant investment firm”. “Our brand refresh comes as a key deliverable within our ongoing strategy; it...

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BCCI meeting with Customs president
May 22

BCCI meeting with Customs president

Manama : BCCI and the Federation of GCC Chambers is holding a meeting with Customs Affairs President Shaikh Ahmed bin Hamad Al Khalifa on Thursday at 10:00am in Al Majlis Hall of Bait Al Tijjar. Discussions focus on the GCC customs union, reality and expectations; role of private sector in the union; hurdles...

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Al Hawaj Ramadan holiday shopping bazaar opens
May 22

Al Hawaj Ramadan holiday shopping bazaar opens

Manama : Holidays are coming and big offers are in store as Al Hawaj opens its Ramadan Holiday Shopping Bazaar at the Bahrain International Exhibition Centre (BIEC).  The Bazzar begins today and continues until May 26 at BIEC, Hall 2A, from 9:30am to 1:30pm and 4 pm to 10 pm. “This is a most exciting...

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Batelco in deal with Amazon Web Services
May 22

Batelco in deal with Amazon Web Services

Manama : Batelco has announced it has become an Amazon Web Services (AWS) partner.  The partnership will allow Batelco to deliver AWS products and services in Bahrain to enterprise and government customers.  Batelco Bahrain CEO Muna Al Hashemi said, “By entering into partnerships with companies...

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SICO launches ‘Sicolive’
May 22

SICO launches ‘Sicolive’

Manama : Securities & Investment Company (SICO) yesterday announced the launch of its MENA-wide online brokerage-trading platform – ‘Sicolive’.  Sicolive, according to SICO, will enable clients to trade in real time across all the region’s key markets from a single account that...

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Bahrain Foreign Exchange Rates
May 21

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.44045  Bangladeshi Taka BDT 211.41649  Canadian Dollars CAD 3.50300  Swiss Francs CHF 2.53222  Egyptian...

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