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Huawei Telecom to train 1000 Bahrainis yearly

State Minister for Communication Affairs Shaikh Fawaz bin Mohammed Al Khalifa visited Huawei international company, which is operating regionally from Bahrain. He was welcomed by the company’s Board Chairman senior officials and directors. The Minister toured the company, accompanied by [...]

Terrorists in Bahrain injure two policemen, one seriously

Bahrain’s Public Security Chief Major General Taraq Al Hassan on Friday said two policemen were injured, one seriously, during acts of terror and sabotage unleashed by thugs in Deraz area. He added that while securing the region, the on-duty security [...]

Africa needs $93b a year until 2020

Africa needs $93 billion annually until 2020 for infrastructure development, according to the African Development Bank, statistics. Hisham El-Khazindar, Co-Founder and Managing Director of Citadel Capital, took part in a panel on emerging market opportunities and trends at the IFC-EMPEA [...]

R&M claims a significant reduction of its ecological footprint

A number of initiatives that have been implemented by the R&M over the past year have resulted in a significant reduction of its ecological footprint,according to the new CSR report by R&M, the Swiss structured cabling specialist, For instance, the [...]

Data growth poses biggest challenge to enterprises

Data growth is becoming the biggest challenge for enterprises to manage their own data centre hardware infrastructure. The economic downtown forced many IT managers to defer infrastructure and technology upgrade cycles, according to experts. “Data, both public and private, is [...]

GCAA sings MoU with Etihad Airways

The United Arab Emirates’ (UAE) General Civil Aviation Authority (GCAA) has signed a Memorandum of Understanding (MoU) with Etihad Airways to open and operate a permanent Satellite Licensing Office at the airline’s Abu Dhabi headquarters. Signed by Ismaeil Al Balooshi, [...]

Qays H Zu’bi to lead AmCham Bahrain

The American Chamber of Commerce in Bahrain (AmCham Bahrain), has elected Qays Hatim Zu’bi as its new President for the term 2013-2014. This took place at AmCham’s annual General Assembly meeting held at The Intercontinental Regency Hotel where the Club [...]

Private property serves as a vital pillar to economy

For a society without private property, history has made this unmistakably plain, is doomed to fail, according to an expert. “Property and responsibility are threatened by the reckless monetary and fiscal policies of the West. Ironically this dangerous strategy is [...]

VIVA invites MUF coaches to select top 22 players

Top coaches from Manchester United Foundation (MUF) in the United Kingdom have been invited by VIVA Bahrain to pick the best performers on the field with exceptional technical skills in the football talent search on May 17-18, 2013. The UEFA [...]

12 African Energy, Mining and Industry Ministers to attend Forum

Twelve African Energy, Mining and Industry Ministers confirm attendance at the Africa Energy Forum 2013 in Barcelona Over 800 delegates are expected to attend the international investment Forum for Africa’s power industry A recent report from the World Bank indicated [...]

Social media is worth consequences: Ali Sabkar

Ali Sabkar, Founder and President of the Social Media Club MENA said that given the benefits the social media is worth consequences. This was a crux of debate hosted by the Capital Club Bahrain, where two experts presented the motion [...]

Bahrain remains optimistic about outcome of National Dialogue

Education Minister Dr. Majid bin Ali Al-Nuaimi asserted the Government’s firm stance in support of the National Consensus Dialogue. “The Government pins big homes on the dialogue process to ensure Bahrain’s political development”, said. He pointed out that the Government [...]

Bahrain-Japan reviews bilateral investment, trade ties

His Royal Highness Prince Salman bin Hamad Al-Khalifa, Deputy of His Majesty the King, Crown Prince, met Yoshihiro Shigehisa Chairman Emeritus of JGC Group at Riffa Palace and discussed bilateral ties in trade and investment between the two sides. Shigehisa [...]

US Secretary of Navy holds talks with HRH Prince Salman

His Royal Highness Prince Salman bin Hamad Al-Khalifa, Deputy of His Majesty the King, Crown Prince met at Riffa palace with Ray Mabus, United States Secretary of the Navy, and the accompanying delegation on the occasion of their visit to [...]

Bahrain chairs 14th meeting of the GCC Housing Undersecretaries

Housing Ministry Undersecretary Shaikh Abdulla bin Ahmed Al-Khalifa chaired the 14th meeting of the GCC Housing Undersecretaries’ Committee in Riyadh, Saudi Arabia. Addressing the session, he stressed the importance of the meeting to exchange expertise and promote efforts aimed at [...]

Bahrain to weed out administrative, financial corruption

His Royal Highness Prince Salman bin Hamad Al-Khalifa, Deputy of His Majesty the King, Crown Prince, who visited the National Audit Court, underscored the national and ethical responsibility of protecting public money and combating all forms of administrative and financial [...]

ABIB launches $200m Sukuk Al Wakala Trust Certificates

Bahrain-based Al Baraka Islamic Bank on Wednesday announced the launch of $200million Al Baraka Sukuk Al Wakala Trust Certificates for the prospective investors with 6% return on investments after every 18 months. Announcing the launch of this latest trade finance [...]

Takaud rolls out savings and retirement solutions in Bahrain

TAKAUD, the MENA region’s specialist provider of Savings and Pensions, announced the launch of its pioneering ‘Individual Savings Plan’ which aims to diversify personal savings and widen the investment horizon for long term savers. TAKAUD is a first for the [...]

Dr Mirza opens ILC 2013 in Bahrain

Under the patronage of Minister of State for Electricity and Water Affairs, Dr. Abdul Hussain Bin Ali Mirza, the International Leadership Conference 2013 was inaugurated with the organization of Bahrain Management Society. Dr. Mirza delivered a speech on the basic [...]

Batelco management participates in ITW in Chicago

Batelco, Bahrain’s leading integrated communications provider and ITW’s prime sponsor of the year is being represented by three members of their management team at the International Telecoms Week (ITW) taking place at the Hyatt Regency Hotel, Chicago, USA from May [...]

TRA staff attends Self Esteem Training Course

Dr. Sharifa Swar, Counseling, Psychotherapy and Cognitive Behavior Specialist at Batelco Center for Victims of Domestic Violence conducted a “Self Esteem” training course for TRA’s staff. The course aims to enhance self-esteem, assessing and analyzing positive aspects and features and [...]

Retail sector is on the rebound in Bahrain, Middle East

The first quarter of the year has been very encouraging for overall business trends in the retail sector and Marks & Spenser will continue to invest in rolling out five more stores across the region, a senior official at Marks [...]

YK Almoayyed & Sons Nissan wins major wards in Dubai

Y.K Almoayyed Automotive has been presented with two major awards by Nissan Gulf in recognition of their performance in 2012. David Graves, Director for After Sales for Nissan Gulf, presented Paul Baker, General Manager Nissan Bahrain, with the 2012 After [...]

Bahrain-Japan trade volume reaches in excess of $3.5b

Japan emerged as the 2nd largest trading partner of the Kingdom of Bahrain with trade volume in excess of $3.5 billion yearly, a senior Government Minister revealed on Tuesday. This came during the opening ceremony of the 1st Bahrain-Japan Business [...]

JIB reports net profit of $14.7m in Q1

Jordan Islamic Bank (JIB) on Tuesday in a statement said that the bank had achieved net profits after tax that amounted to $14.67 million compared to $10.16 million during the same period last year. Shareholders’ equity at the end of [...]

Clifford Chance advises Carlyle on their 1st investment into Jordan

Clifford Chance advised The Carlyle Group on their strategic investment in Al-Nabil Food Industries Co. Ltd., a frozen and chilled food products company in Jordan. The transaction closed on May 13, 2013. Equity for this investment will come from Carlyle [...]

Deloitte advises major global private equity investment into Jordan

Deloitte Corporate Finance Ltd (Deloitte) acted as the exclusive financial adviser to Al-Nabil Food Industries Co. Ltd. on the sale of a significant minority equity stake to Carlyle MENA Partners, L.P. The transaction closed on 13 May 2013 and marks [...]

ABC Islamic Bank’s Q1 profit up 106% to $3.2m

ABC Islamic Bank announced a net profit of $3.2 million for the first quarter of 2013 compared to US$1.6 million for the first quarter of last year. Total operating income for the first quarter was US$4.1 million, compared to$3.4 million [...]

Bahrain-Japan ties enter into new era of development

Industry and Commerce Minister Dr. Hassan Fakhro confirmed the strength bilateral relations between the Kingdom of Bahrain and Japan, which came as a result of positive communication and continuous coordination between officials in the Kingdom of Bahrain and Japan, praising [...]

BNH reports Q1 profit of BD1.25m

Bahrain National Holding Company (BNH), the parent company of Bahrain National Insurance (bni) and Bahrain National Life Assurance (bnl), announced a net profit of BD1.25 million for the Q1 ended on March 31 2013; against BD0.82 million for the same [...]