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Startups pitch their business models

Flat6Labs Bahrain hosted its Second Demo Day at The National Theatre of Bahrain where eight startups from its second cycle pitched their businesses. The second cycle received over 200 applications from more than 40 countries which were

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Turkey tumbles into recession

Turkey’s economy entered its first recession in a decade, official data showed yesterday, just weeks before President Recep Tayyip Erdogan’s government faces local elections where growth and inflation will be key issues for

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Abbas appoints Shtayyeh as PM

Palestinian president Mahmud Abbas appointed longtime ally Mohammad Shtayyeh as prime minister on Sunday, a senior official said, in a move seen as part of efforts to further isolate Hamas. Abbas asked Shtayyeh, a member of the central

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2,200 companies registered for VAT

Over 2,200 companies in the Kingdom have registered with National Bureau for Revenue since the implementation of Value-Added Tax (VAT), said Minister of Finance and National Economy, Shaikh Salman bin Khalifa Al Khalifa.

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Up to 100 still feared trapped in gold mine

Indonesian authorities warned yesterday that up to 100 people could still be trapped and feared dead inside a collapsed illegal gold mine despite a painstaking rescue effort that has so far plucked 19 people alive from the rubble, but

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Taxing rich, an idea gaining ground in US

Long out of favour in the United States, the idea of taxing rich individuals and corporations to pay for healthcare or to combat inequality is gaining ground among Democratic politicians. While the United States reveres free enterprise

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‘Rain’ passes Sandbox test

Rain, a Bahrain-based cryptocurrency exchange, yesterday announced its successful graduation of the Central Bank of Bahrain’s (CBB) Regulatory Sandbox. Rain is also the first cryptocurrency exchange to graduate the CBB sandbox an

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Federer fends off Kohlschreiber

Roger Federer began his chase for tour-level title No. 100 yesterday at the Dubai Tennis Championships, defeating German veteran Philipp Kohlschreiber 6-4, 3-6, 6-1. The Swiss now leads Kohlschreiber 14-0 in their ATP Head2Head series.