Bahrain

MoH fee hike hits traders hard
Mar 24

MoH fee hike hits traders hard

Manama : The Ministry of Health’s (MoH) decision to hike cigarette licence fees has negatively affected the small and medium businesses in the Kingdom. In the past, MoH had charged only BD25 for small and BD50 for medium businesses as fees for selling cigarettes. But the new rules of the MoH have made it...

Read More
Bahrain participates in GCC Statistical forum
Mar 23

Bahrain participates in GCC Statistical forum

Manama : Bahrain has participated in the First GCC Statistical Forum and accompanied exhibition aimed at strengthening statistical partnerships to support economic policies and GCC sustainable developments. Information & eGovernment Authority (iGA) and Ministry of Foreign Affairs (MOFA) represented Kingdom at the...

Read More
Al Baraka Bank  Sudan doubles  its Net Income
Mar 23

Al Baraka Bank Sudan doubles its Net Income

Manama : Al Baraka Bank Sudan, a subsidiary banking unit of Al Baraka Banking Group (ABG), announced yesterday a 135 per cent jump in its 2016 net income, from 2015, helped by success in diversifying income sources from commissions, fees and financing.Total assets increased by 24pc, financing and investments portfolio...

Read More
Bahrain climbs up in World Happiness Report
Mar 22

Bahrain climbs up in World Happiness Report

Manama : Bahrain climbed up a place in this year’s World Happiness Report. The Kingdom is ranked 41st in the report that assessed  overall ‘happiness’ of nations around the world.  The report published by the UN’s Sustainable Development Solution Network is supported by a...

Read More
BCCI to take stands for market growth
Mar 22

BCCI to take stands for market growth

Manama : The Bahrain Chamber of Commerce and Industry (BCCI) held a strategical conference-cum-workshshop yesterday at Al Dana Hall of Gulf Hotel here. The conference was reportedly to promote broader prospects among the members and to serve common interests as well as to share identical view points and...

Read More
Bell backs BIDEC
Mar 22

Bell backs BIDEC

Manama : Bell Helicopter, a commercial and military vertical-lift aircraft maker, have confirmed their participation in the upcoming Bahrain International Defence Exhibition and Conference (BIDEC) 2017.  Scheduled to be take place from 16 to 18 October 2017, this is Bahrain’s first tri-service defence...

Read More
Arcapita Mosque wins top award
Mar 22

Arcapita Mosque wins top award

Manama : Arcapita Mosque won Abdullatif Al Fozan Award for Mosque Architecture in its second cycle, which received nominations for 122 mosques from the GCC region.  The award recognises Arcapita Mosque’s contemporary architecture and creative designs, embodying its Islamic uniqueness and aesthetic...

Read More
 Aluminium Bahrain approves US$80m cash dividend at AGM
Mar 22

Aluminium Bahrain approves US$80m cash dividend at AGM

Manama : Aluminium Bahrain (Alba) held its Annual General Meeting (AGM) yesterday at Al Dana Hall, Askar, during which approval was given to the distribution of cash dividends for the fiscal year 2016. The total dividend amounted to BD29.6 million (US$80m) equivalent to 21 per cent of the nominal value of the...

Read More
BHB approves Mubasher as Market Maker
Mar 21

BHB approves Mubasher as Market Maker

Manama : Bahrain Bourse (BHB) signed an agreement with Mubasher Company on Thursday, licensing Mubasher to commence its market making services in Bahrain Bourse.  The agreement was signed by Shaikh Khalifa Bin Ebrahim Al Khalifa, CEO of Bahrain Bourse and Mohammed Rasheed Al Ballaa, Chairman of...

Read More
BIS to boost biz activity
Mar 21

BIS to boost biz activity

Manama : Seeking to further enhance the economic activity between Bahrain and India, Bahrain India Society (BIS) yesterday announced launching a major membership drive.  This was announced during the society’s first meeting held under the chairmanship of Mohammed Dadabhai.  “This will help...

Read More
Supercars, bikes dazzle Batelco Motor show
Mar 21

Supercars, bikes dazzle Batelco Motor show

Manama : Batelco’s annual Motor Show was hailed a huge success by participants and spectators. The event held on March 17 at Batelco’s Hamala Headquarters was organised by the Company’s Youth Segment.  The activities included a Car display followed by awards for the best three cars in each...

Read More
Al Baraka AGM gives nod to FY16 dividends
Mar 21

Al Baraka AGM gives nod to FY16 dividends

Manama : Al Baraka Banking Group’s  (ABG) Ordinary and Extra-ordinary General Meetings yesterday approved Cash Dividend Payouts and Bonus Shares to Shareholders of US$68.9 million. Consolidated financial statements for the financial year ended 31 December 2016 were also approved. Financial results for...

Read More
Bahrain Foreign Exchange Rates
Mar 20

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.32867  Bangladeshi Taka BDT 205.76132  Canadian Dollars CAD 3.46129  Swiss Francs CHF 2.59997  Egyptian...

Read More
GCC Gold Rates
Mar 20

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 140.00 AED 149.00 AED Qatar 141.50 QAR 151.50 QAR Bahrain 14.40 BHD 15.30 BHD Kuwait 11.95 KWD 12.40 KWD Oman 15.20 OMR 15.80 OMR Saudi...

Read More
Al Salam Bank announces draw winners
Mar 20

Al Salam Bank announces draw winners

Manama : Al Salam Bank-Bahrain recently announced 12 winners in its March draw of the special financing promotion that offered its customers with one of its lowest profit rates in the market for property and personal financing, in addition to value added rewards. 

Read More
GPIC President hails Princess Sabeeka Award for women
Mar 20

GPIC President hails Princess Sabeeka Award for women

Manama : Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa Global Award for Women Empowerment Award will contribute to the empowerment of women in several countries and develop the abilities and skills of women in all sectors, according to Gulf Petrochemical Industries Co. (GPIC) President Dr....

Read More
Bahrain Marina on the right track
Mar 20

Bahrain Marina on the right track

Manama : Bahrain Marina Board Members, headed by Chairman  Abdulrahman Yusuf bin Yusuf Fakhro, visited the ‘Bahrain Marina’ project site where they were briefed on the current achievements and the next phase of the project.   Bahrain Marina Chief Executive Officer, Engineer Yazan Haddad,...

Read More
British school to come up in Bahrain
Mar 20

British school to come up in Bahrain

Manama : Bin Faqeeh Education and King’s Group, the UK based educational group, have announced their plans to set up and operate a British school in Bahrain that is intended to bring together the superior development capabilities of Bin Faqeeh Real Estate Investment Company and the education provisioning of...

Read More
Bahrain Foreign Exchange Rates
Mar 19

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.33367  Bangladeshi Taka BDT 205.76132  Canadian Dollars CAD 3.46081  Swiss Francs CHF 2.60017  Egyptian...

Read More
GCC Gold Rates
Mar 19

GCC Gold Rates

                          Country (22kt/gm) (24kt/gm) United Arab Emirates 140.00 AED 149.00 AED Qatar 141.00 QAR 151.00 QAR Bahrain 14.40 BHD 15.30...

Read More
Bin Faqeeh projects right on target
Mar 19

Bin Faqeeh projects right on target

Manama : Bin Faqeeh, a leading Bahrain-based privately-owned real estate investment, announced that both ‘The Grand’ and ‘The Nest’ real estate projects are nearing completion and the company is ready to handover these projects. Bin Faqeeh said that all major construction and electrical...

Read More
GFH appoints new chairman
Mar 19

GFH appoints new chairman

Manama : GFH Financial Group (GFH) has named Shaikh Ahmed bin Khalifa Al Khalifa as its new chairman and Dr. Ahmed Al-Mutawa as Vice Chairman. The appointments were made during the company’s board meeting held in Abu Dhabi last Thursday.   It was also the company’s first board meeting after...

Read More
Empowering  Bahraini youth
Mar 19

Empowering Bahraini youth

Manama : AlMabarrah AlKhalifia Foundation and Tamkeen signed a Memorandum of Understanding to support ‘Rayaat Programme’, developed to boost the skills and capabilities of Bahraini youth.  Rayaat Programme focuses on providing students with scholarship opportunities at accredited universities in...

Read More
Al Kindi  Hospital  gets JCI accreditation
Mar 19

Al Kindi Hospital gets JCI accreditation

Manama : Al Kindi Specialist Hospital announced receiving the Joint Commission International (JCI) accreditation, which is considered as the Gold Seal of Approval in quality and patient safety.  Commenting on the achievement,  Dr Ebtisam Al Dallal, CEO and Consultant Periodontist of the hospital said,...

Read More
Bahrain Foreign Exchange Rates
Mar 18

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.33367  Bangladeshi Taka BDT 205.76132  Canadian Dollars CAD 3.46081  Swiss...

Read More
GCC Gold Rates
Mar 18

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 140.00 AED 149.00 AED Qatar 141.00 QAR 151.00 QAR Bahrain 14.40 BHD 15.30 BHD Kuwait 11.95 KWD 12.40 KWD Oman 15.15 OMR 15.75 OMR Saudi...

Read More
 Al Salam Bank congratulates winners of “Danat Al Salam”
Mar 17

Al Salam Bank congratulates winners of “Danat Al Salam”

Manama : Al Salam Bank-Bahrain announced the winners of its “Danat Al Salam” draw for the month of February with a combined prize pool of US$37,500. Hussain Mohammed Al Ansari won the Fusoos Grand prize of US$10,000. Additionally, Ebrahim Abdulrasool Al Zeera and Myron Anthony Miranda won the Fusoos...

Read More
Bin Hindi Informatics rewards Channel Partners
Mar 17

Bin Hindi Informatics rewards Channel Partners

Manama : The inaugural Channel Partner Awards by Bin Hindi Informatics W.L.L.  honoured 21 of its top partners, the company said in a statement.  The event was held at The Ritz Carlton Hotel & Spa on Tuesday. The award which will continue as an annual event recognised companies and their marketing...

Read More
LIC Intl achieves targets
Mar 17

LIC Intl achieves targets

Manama : LIC (International) yesterday said it achieved its targets in all counts for the year 2016 reporting a profit of US$13.75 million for the year 2016. Investment income during the period rose to US$81.93m from US$63.02m  recorded in 2015.The company during the year paid US$173.18m to policyholders by way...

Read More
Bahrain Foreign Exchange Rates
Mar 16

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.69744  Australian Dollars AUD 3.34672  Bangladeshi Taka BDT 205.76132  Canadian Dollars CAD 3.45363  Swiss...

Read More
GCC Gold Rates
Mar 16

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 139.50 AED 148.50 AED Qatar 140.50 QAR 150.50 QAR Bahrain 14.30 BHD 15.20 BHD Kuwait 11.95 KWD 12.40 KWD Oman 15.10 OMR 15.70 OMR Saudi...

Read More
Dates from Gulf may power future of biofuel
Mar 14

Dates from Gulf may power future of biofuel

Manama  : Dates in the Gulf, which accounts for 40 per cent of the total global production, will be a source of biofuels in future, said a top expert. According to President of the Arabian Gulf University (AGU), Dr Khalid bin Abdulrahman Al-Ohali, the Earth has 100 million palm trees, 75 per cent of which are...

Read More
Leveraging untapped potential
Mar 14

Leveraging untapped potential

Manama : Technology and innovation will play an instrumental role in securing heavy oil’s valuable position in the global energy mix, according to the region’s industry experts.Speaking ahead of the upcoming Middle East Heavy Oil Congress (MEHOC), the largest gathering of heavy oil professionals in the...

Read More
Expo to save consumers from fake spare parts
Mar 16

Expo to save consumers from fake spare parts

Manama : The Consumer Protection Directorate, under the patronage of the Ministry of Industry, Commerce & Tourism, launched yesterday ‘Genuine and Counterfeit Spare Parts Expo’ at Bahrain City Centre. The expo, held in cooperation with the Car Dealers Association from 15 to 21 March, aims at spreading...

Read More
‘Free Trade Agreement to boost US-Bahrain trade’
Mar 16

‘Free Trade Agreement to boost US-Bahrain trade’

Manama : The US Ambassador to Bahrain William Roebuck stressed contribution of the Free Trade Agreement (FTA) between Bahrain and the USA, which became effective in 2006, to boosting trade and investment between the two friendly countries. He expressed hope the agreement would continue its tangible role in promoting...

Read More
Central Bank of Bahrain raises key interest rates
Mar 16

Central Bank of Bahrain raises key interest rates

Manama : The Central Bank of Bahrain (CBB) has decided yesterday to raise its key policy interest rate with immediate effect.  CBB’s key policy interest rate on the one-week deposit facility has been raised from 1.00 per cent to 1.25 pc.  The CBB has also decided to increase the overnight...

Read More
Gulf Air gets 7 Information  Technology ISO Certifications
Mar 16

Gulf Air gets 7 Information Technology ISO Certifications

Manama : Gulf Air has been awarded Information Technology ISO certifications by Bureau Veritas, a global leader in Testing, Inspection and Certification (TIC).  The awards also makes Gulf Air the first airline in the world to achieve 7 ISO certificates in Information Technology. Quality Management,...

Read More
FP7 recognised as world’s best financial advertising agency
Mar 16

FP7 recognised as world’s best financial advertising agency

Manama : FP7 was recognised as the World’s Best Financial Advertising Agency at the annual Midas Awards in New York. MasterCard, FP7’s long-time client, was also voted as the Number One Brand in the World. The Midas Awards recognises excellence in financial advertising and marketing campaigns...

Read More
BCCI meeting
Mar 16

BCCI meeting

Manama : The Bahrain Chamber of Commerce and Industry (BCCI) is holding a meeting for its members on 21st March 2017 from 9:00am to 1:00pm in Al Dana Hall of Gulf Hotel.  The meeting will group the members into various working groups based on their sectors, and crystallise the proposals of the groups into new...

Read More
BCCI  committee hails move to regulate  food trucks
Mar 16

BCCI committee hails move to regulate food trucks

Manama : Head of the Restaurants and Coffee shops Committee of the Bahrain Chamber of Commerce and Industry (BCCI) Ahmed Al Saloom yesterday hailed the decision  to regulate food trucks by the Northern Area Municipality. While praising the keenness of the  Ministry of Industry, Commerce, and Tourism for the...

Read More
Nissan ‘Kicks’ debuts
Mar 15

Nissan ‘Kicks’ debuts

Manama : Nissan has launched the all-new Nissan Kicks compact crossover in Bahrain, its latest addition to the crossover segment.Mohamed Almoayyed, Director, Y.K. Almoayyed & Sons and senior management attended the launch.The first appearance of the Nissan Kicks was in the 2016 Summer Olympics in Rio de Janeiro,...

Read More
Santhigiri to have insurance cover for Ayurveda care
Mar 15

Santhigiri to have insurance cover for Ayurveda care

Manama : The Santhigiri Ayurvedic Centre, Ayurvedic treatment wing of the Middle East Medical Centre, has become the first healthcare provider to be granted insurance cover for its Ayurveda treatments. The Middle East Medical Centre and the Mednet Insurance have signed a memorandum of understanding (MoU) wherein the...

Read More
SICO UAE joins Nasdaq Dubai
Mar 15

SICO UAE joins Nasdaq Dubai

Dubai : Securities & Investment Company UAE (SICO UAE) has joined Nasdaq Dubai as a member to in trade equities  in a bid to provide new investment opportunities on the region’s rapidly expanding international exchange.With the arrival of SICO UAE, 36 brokers are connected to the exchange as Members,...

Read More
BBK names Al Hayrat February winners
Mar 15

BBK names Al Hayrat February winners

Manama : BBK has announced the winners of its February draw from Al Hayrat worth a total of $100,000. The cheques were handed over to the winners by Dr. Adel Salem, Head of Retail Banking in presence of Ahmed Salah, Head of Liabilities and Nada Bubshait  the Head of Retail Marketing. The Al Hayrat draw...

Read More
Alba, BIC renew partnership
Mar 15

Alba, BIC renew partnership

Manama : Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, reiterated its commitment to support the Kingdom’s initiatives in the field of motor sports by signing a three-year partnership renewal with Bahrain International Circuit (BIC).  The partnership was signed between...

Read More
‘Royal Thai’ best Thai Restaurant in Bahrain
Mar 15

‘Royal Thai’ best Thai Restaurant in Bahrain

Manama : Thai Restaurant, The Royal Thai, has once again won The Food and Travel Awards’ honour for the Best Thai Restaurant in the kingdom, announced The Gulf Hotel Bahrain Convention & Spa yesterday.   Food and Travel awards, which is now in its second edition, is considered as a statement of...

Read More
KHCB holds annual AGM, appoints new directors
Mar 15

KHCB holds annual AGM, appoints new directors

Manama : The Annual General Meeting and Extra Ordinary General Meeting of the Khaleeji Commercial Bank (KHCB) yesterday approved the bank’s financial statements, appointment of new Board of Directors and declared the inclusion of the bank’s shares in Dubai’s financial market.  This in...

Read More
Focus on SMEs financial management
Mar 15

Focus on SMEs financial management

Manama : More than 100 representatives from small and medium enterprises (SMEs) attended an entrepreneurship forum held by KPMG, Bahrain to learn about the importance of sound financial management to enable business growth.  The event that took place yesterday at the Gulf Hotel also shed light on KPMG in...

Read More
BIBF revamps server room
Mar 14

BIBF revamps server room

Manama : The Bahrain Institute of Banking and Finance (The BIBF) announced the Launch of its Industry-Standard Server Room as part of technological upgrading and enhancement of the IT Infrastructure.  On this occasion, the BIBF’s Head of IT and Operations Centre Ahmed Naeemi said, “This step...

Read More
GHG reports  BD16.133m  Net Profit
Mar 14

GHG reports BD16.133m Net Profit

Manama : Gulf Hotels Group (GHG) announced it has achieved a consolidated net profit of BD16.133 million for the year.  The group has managed to achieve Gross Operating Revenue of BD36.377m and a Net Profit of BD16.133m after consolidating the results of BTC with GHG, including one time provisional bargain...

Read More