Bahrain

LIC posts US$17 million profit in third quarter
Nov 24

LIC posts US$17 million profit in third quarter

Manama : LIC (International) yesterday said it achieved a profit of over US$17 million in the third quarter of 2017.  This was announced during the 100th meeting of the board of directors of LIC (International) BSC held at Movenpick Hotel, Bahrain.  The board also announced launching an...

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Bahrain Foreign Exchange Rates
Nov 23

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.68711  Australian Dollars AUD 3.36428  Bangladeshi Taka BDT 213.21962  Canadian Dollars CAD 3.28483  Swiss...

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 GCC Gold Rates
Nov 23

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 146.75 AED 156.25 AED Qatar 149.00 QAR 159.00 QAR Bahrain 15.00 BHD 16.00 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.80 OMR 16.50 OMR Saudi...

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Bin Faqeeh backs Jewellery Arabia
Nov 23

Bin Faqeeh backs Jewellery Arabia

Manama : Bin Faqeeh, yesterday announced its backing to the Middle East’s premier jewellery and watch exhibition ‘Jewellery Arabia 2017’ as its General Sponsor.  Commenting on this occasion, Faisal Faqeeh, Chairman of Bin Faqeeh Real Estate Investment Company...

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Batelco announces plan for TIER III datacenters
Nov 23

Batelco announces plan for TIER III datacenters

Manama : Batelco yesterday announced it has begun work to build a number of world-class TIER III Datacentre facilities to ensure the highest level of business continuity for the Enterprise and Government sectors.  The project, according to Batelco, is central to the overall Datacenter plan for Bahrain in...

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Sakhir gets new conference and exhibition centre
Nov 23

Sakhir gets new conference and exhibition centre

Manama : An agreement to provide consultancy service for a new exhibition and conference center that will be located in Sakhir was signed yesterday, announced Minister of Industry, Commerce and Tourism, Zayed bin Rashid Al Zayani.  The agreement was signed by the Minister of Works, Municipal Affairs and...

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Say Bye to Polluted Air: VIN ReAir is here
Nov 23

Say Bye to Polluted Air: VIN ReAir is here

Manama : Bahrain-based VIN Technology Systems WLL yesterday announced signing a joint venture with an Italian company “ReAir” for the know-how and technology transfer to manufacture Photocatalytic materials and to distribute it to all the GCC and the neighbouring Arab region. The product, according...

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Dutch mission explores oil & gas business
Nov 23

Dutch mission explores oil & gas business

Manama : Dutch oil companies are exploring potential business opportunities in Bahrain with the hosting of their first Oil & Gas Trade Mission to Bahrain. Executives from 17 Dutch Oil and Gas companies held talks with BAPCO, NOGA, Tatweer Petroleum, APM Terminals and the Bahrain EDB as part of the...

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Bahrain Foreign Exchange Rates
Nov 22

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.68523  Australian Dollars AUD 3.38535  Bangladeshi Taka BDT 213.21962  Canadian Dollars CAD 3.30229  Swiss...

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GCC Gold Rates
Nov 22

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 145.75 AED 155.00 AED Qatar 148.50 QAR 158.50 QAR Bahrain 14.90 BHD 15.90 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.70 OMR 16.35 OMR Saudi...

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Bahrain to host Hospitality and Restaurant expo
Nov 22

Bahrain to host Hospitality and Restaurant expo

Manama : Bahrain is to host its first International Hospitality & Restaurant Expo which is scheduled to take place from 21st- 24th March 2018 at the Bahrain International Exhibition & Convention Center. The Bahrain Hospitality and Restaurant (BHR) forum and expo; one of the most anticipated...

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‘Old Markets Committee’ discuss plans for Manama Souq
Nov 22

‘Old Markets Committee’ discuss plans for Manama Souq

Manama : The Old Markets Committee held a meeting at Bahrain Chamber of Commerce and Industry (BCCI) to discuss the latest developments in the old Manama souq project. Several topics were discussed on the occasion which included the grants provided and budget for the development of the souq, which will be...

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Bahrain Foreign Exchange Rates
Nov 21

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.68617  Australian Dollars AUD 3.38719  Bangladeshi Taka BDT 213.21962  Canadian Dollars CAD 3.31620  Swiss Francs CHF 2.58058  Egyptian...

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GCC Gold Rates
Nov 21

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 145.50 AED 155.00 AED Qatar 148.50 QAR 158.50 QAR Bahrain 14.90 BHD 15.90 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.70 OMR 16.35 OMR Saudi...

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Al Salam Bank wins top award
Nov 21

Al Salam Bank wins top award

Manama : Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant Banks in the Kingdom, has been recognised with the “Critics’ Choice – The Best Islamic Retail Bank in Bahrain” Award by Cambridge IF Analytica.  The award, presented to Al Salam Bank-Bahrain at the...

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KPMG announces seminar on  internal audit in cyber security
Nov 21

KPMG announces seminar on internal audit in cyber security

Manama : KPMG in Bahrain is hosting an educational seminar to shed light on the role of Internal Audit in preventing and addressing cyber-threats.  The seminar, titled “Why cyber security and the changing role of internal auditors””, will take place on 29 November 2017, at the Downtown...

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NBB takes Citi Treasury Award
Nov 21

NBB takes Citi Treasury Award

Manama : The National Bank of Bahrain (NBB) yesterday announced winning the global banking giant CITI’s 2016 Performance Award for achieving Straight-Through Processing rates of 99.0 per cent for Treasury STP and 97.7pc for Commercial STP, respectively. The award, NBB said, is an important designation...

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Bahrain Foreign Exchange Rates
Nov 20

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.68148  Australian Dollars AUD 3.38490  Bangladeshi Taka BDT 213.21962  Canadian Dollars CAD 3.30262  Swiss Francs CHF 2.56680  Egyptian...

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GCC Gold Rates
Nov 20

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 147.00 AED 156.50 AED Qatar 149.50 QAR 159.50 QAR Bahrain 15.00 BHD 16.00 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.85 OMR 16.50 OMR Saudi...

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DANAT’s services in Jewellery Arabia
Nov 20

DANAT’s services in Jewellery Arabia

Manama : During the upcoming Jewellery Arabia tradeshow to be held under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister, visitors will be treated to a wide array of services the Bahrain Institute for Pearls and Gemstones (DANAT) offers its clients and the public alike.  Located in...

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Retailers hoarding cigarettes ahead of duty hike
Nov 20

Retailers hoarding cigarettes ahead of duty hike

Manama : Retailers are hoarding cigarettes in anticipation of a duty hike, leading to a sudden drought of the product in the local market.  According to officials, shops are storing but refraining from selling cigarettes to the public as the country is bracing for imposing taxes on tobacco products as well...

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GCC Gold Rates
Nov 19

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 147.25 AED 156.75 AED Qatar 149.50 QAR 159.50 QAR Bahrain 15.00 BHD 16.00 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.85 OMR 16.55 OMR Saudi...

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CBB issues directives  on B-REITs
Nov 19

CBB issues directives on B-REITs

Manama : The Central Bank of Bahrain (CBB) has issued directives related to Bahrain Domiciled Real Estate Investment Trusts (B-REITs), as part of its commitment to further enhance the REITS framework in the Kingdom of Bahrain under Volume 7 of CBB Rulebook that governs the rules and regulations of Collective...

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Aster Clinic holds Diet Exhibition  for Diabetics
Nov 19

Aster Clinic holds Diet Exhibition for Diabetics

Manama : To commemorate the World Diabetes Day which was on November 14, 2017, Aster Clinic organized Diet Exhibition for Diabetics at Gudaibiya branch yesterday  Dr. Mariam Al Hajeri, Vice President, Bahrain Diabetes Society who also holds the portfolio of Assistant Undersecretary for Public Health,...

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Ebdaa Bank to spread the culture of microfinance
Nov 19

Ebdaa Bank to spread the culture of microfinance

Manama : Ebdaa Bank for Microfinance in Bahrain launched a series of practical steps aimed to spreading the culture of microfinance in the Gulf and the Arab world, in order to encourage more people with limited incomes to launch their own projects and increase their contribution to the development of the national...

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GCC Gold Rates
Nov 18

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 147.25 AED 156.75 AED Qatar 149.50 QAR 159.50 QAR Bahrain 15.00 BHD 16.00 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.85 OMR 16.55 OMR Saudi...

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GCC Gold Rates
Nov 17

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 146.00 AED 155.25 AED Qatar 148.00 QAR 158.00 QAR Bahrain 14.90 BHD 15.90 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.75 OMR 16.40 OMR Saudi...

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Bahrain to host GEN 2019
Nov 17

Bahrain to host GEN 2019

Manama : Bahrain has won the bid to host the Global Entrepreneurship Congress in 2019, announced The GlobalEntrepreneurship Network (GEN).  The news was announced in a high profile event at the UN headquarters in New York, which marked 10 years of the launch of Global Entrepreneurship Week.  The...

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KBSP to welcome 54 cruise ships, 100,000 passengers
Nov 17

KBSP to welcome 54 cruise ships, 100,000 passengers

Manama : Khalifa Bin Salman Port (KBSP), operated by APM Terminals Bahrain has embarked on the 2017-2018 Cruise Season with the arrival of luxury cruise ship AIDA-stella at the port in November 2017.  Bahrain, known for its rich and vibrant cultural heritage and a popular destination for cruise ships, is...

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Bahrain Foreign Exchange Rates
Nov 16

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.68148  Australian Dollars AUD 3.37371  Bangladeshi Taka BDT 213.21962  Canadian Dollars CAD 3.29924  Swiss...

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GCC Gold Rates
Nov 16

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 14.90 BHD 15.90 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.70 OMR 16.35 OMR Saudi...

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Real Search Holds firefighting training
Nov 16

Real Search Holds firefighting training

Manama : Real Search, a property management services company and a subsidiary of Bin Faqeeh Real Estate Investment Company, held firefighting training to enhance its safety and security measures in case of emergencies.  Firefighting training was given to security and receptionist staff at Real Search...

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Bahrain Foreign Exchange Rates
Nov 15

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.68711  Australian Dollars AUD 3.37371  Bangladeshi Taka BDT 213.21962  Canadian Dollars CAD 3.29175  Swiss...

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GCC Gold Rates
Nov 15

GCC Gold Rates

Country (22kt/gm) (24kt/gm) United Arab Emirates 145.75 AED 155.25 AED Qatar 148.00 QAR 158.00 QAR Bahrain 14.80 BHD 15.80 BHD Kuwait 12.30 KWD 12.80 KWD Oman 15.70 OMR 16.40 OMR Saudi...

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Minister pledges to boost spending
Nov 15

Minister pledges to boost spending

Manama : Industry, Commerce and Tourism Minister, Zayed bin Rashid Al-Zayani yesterday pledged to continue investing in the Kingdom’s hospitality sectors highlighting that the move “will increase the hotel room supply” in the Kingdom by about “4,000 until 2020”. The...

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Friday cultural show
Nov 15

Friday cultural show

Manama : India’s Telugu community is getting ready for a mega entertainment show which is to be held this Friday at Asian School Auditorium in Tubli. Syeaata 2007, a cultural show, is being organised by Telugu Kala Samithi (TKS) – Bahrain in association with ‘Out of the...

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Non-Resident Indians meet in Bahrain
Nov 15

Non-Resident Indians meet in Bahrain

Manama : Massive global support has been pouring in for the proposed Pravasi Sammelan of Non-Resident Indians (NRIs) and People of Indian Origin (PIOs) to be held in Bahrain from January 6 to 9, 2018 at the Gulf Hotel Convention Center. General Dr. V. K. Singh, Minister of State for External Affairs,...

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2018 KIA Stinger launched in Bahrain
Nov 14

2018 KIA Stinger launched in Bahrain

Manama : Bin Hindi Motors, the sole distributor of KIA Motors in Bahrain has unveiled the ultra-stylish whole new breed of KIA model – The Stinger - at a special event held at KIA showroom, Arad.   The NEW-BRAND KIA Stinger was unveiled by Korean Ambassador Hyunmo Koo, Abdulla Ahmed Bin...

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Expo Dubai, Nissan turning a green Leaf
Nov 14

Expo Dubai, Nissan turning a green Leaf

Dubai : Expo 2020 Dubai is joining forces with leading vehicle manufacturer Nissan to demonstrate and showcase the future of intelligent mobility – starting with a fleet that includes electric vehicles.  The Japanese firm was revealed yesterday as Expo 2020 Dubai’s latest Official Premier...

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Bahrain Foreign Exchange Rates
Nov 14

Bahrain Foreign Exchange Rates

Currency NameCodeBank Transfer  UAE Dirham AED 9.68992  Australian Dollars AUD 3.36428  Bangladeshi Taka BDT 213.21962  Canadian Dollars CAD 3.30196  Swiss Francs CHF 2.58645  Egyptian...

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GCC Gold Rates
Nov 14

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 12.30 KWD 12.80 KWD Oman 15.65 OMR 16.30 OMR Saudi...

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Ithmaar Holding reports results for third quarter
Nov 14

Ithmaar Holding reports results for third quarter

Manama : Ithmaar Holding BSC (formerly Ithmaar Bank BSC) (Ithmaar) reported yesterday a net loss of US$16.3 million for the nine-month period ended 30 September 2017, compared to a net profit of US$16.7m for the same period last year. Net loss attributable to equity holders for the nine-month period ended 30...

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ABG posts $97m net income
Nov 14

ABG posts $97m net income

Manama : Al Baraka Banking Group (ABG) yesterday announced financial results for the first nine months of the year 2017 showing good increases in assets. Net Income Attributable to Equity Holders of the Parent for the period was US$97 million.  The bank’s total assets rose 6 per cent to US$24.9...

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Ithmaar Bank announces continued profits for 2017
Nov 14

Ithmaar Bank announces continued profits for 2017

Manama : Ithmaar Bank, a Bahrain-based Islamic retail bank and a wholly owned subsidiary of Ithmaar Holding, reported yesterday a net profit of BD5.8 million for the first three quarters of 2017. The net profit attributable to equity holders of the Bank for the nine-month period ended 30 September 2017 was...

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Bahrain Foreign Exchange Rates
Nov 13

Bahrain Foreign Exchange Rates

Currency Name Code Bank Transfer  UAE Dirham AED 9.68992  Australian Dollars AUD 3.34919  Bangladeshi Taka BDT 211.86441  Canadian Dollars CAD 3.28645  Swiss...

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GCC Gold Rates
Nov 13

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 12.30 KWD 12.80 KWD Oman 15.65 OMR 16.30 OMR Saudi...

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Ibdar names new CFO
Nov 13

Ibdar names new CFO

Manama : Ibdar Bank, a Bahrain based wholesale Islamic investment bank, announced the appointment of Ahmed Mostafa as Chief Financial Officer (CFO) of the Bank effective 1st October 2017. Mostafa has been with the Bank since 2005, prior to the merger of Elaf, Capivest and Capital Management House which made...

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BisB appoints AlQais as  GM for Retail Banking
Nov 13

BisB appoints AlQais as GM for Retail Banking

Manama : Bahrain Islamic Bank (BisB) has announced the appointment of Dalal AlQais as the new General Manager of Retail Banking, effective October 3, 2017.  Dalal has over 15 years of experience in retail banking and held several key positions at Standard Chartered Bank.   Dalal holds a Master’s...

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Hala Bahrain announces new services for private jet passengers
Nov 13

Hala Bahrain announces new services for private jet passengers

Manama : Bahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), announced that the newly-registered Hala Bahrain will be including CIP (Commercially Important Person) handling services among its range of offerings.  Aimed at further improving the passenger...

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Gulf Air appoints new Chief Business Development Officer
Nov 13

Gulf Air appoints new Chief Business Development Officer

Manama : Gulf Air Group (GFG) announced the appointment of Mohamed Khalil Ahmed as its new Chief Business Development Officer, tasked with further expanding its reach and portfolio. He will also be identifying investment opportunities and leveraging synergies between the group’s subsidiaries to create value...

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