October 18th, 2018 | 0 commentsBahrain-based Al Kooheji Jewellery has announced its sponsorship to the fourth edition of “Manama Entrepreneurship Week”. The events will be held under the patronage of Capital Governor Sheikh Hisham bin AbdulRahman Al Khalifa from October 21 to 25. Waleed Al Kooheji, chairman of Al-Kooheji Jewellery, said: “Our participation in such even...
October 17th, 2018 | 0 commentsBahrain-based Arcapita has announced plans to expand its presence in Saudi Arabia by investing as much as SAR 250 million ($67 million) in a chain of women-only boutique gymnasiums. These investments will enable the Shariah-compliant investor to raise its NuYu centres in the Kingdom to more than 30 from seven now. Through its five centres...
October 15th, 2018 | 0 commentsA total of 40 companies representing Bahrain's IT and telecommunications sector, 20 start-ups and three government agencies are part of the Bahraini National Pavilion at the Gitex Technology Week, being held in Dubai, UAE. Bahrain's labour fund Tamkeen's chief executive Dr Ebrahim Mohammed Janahi inaugurated the pavilion today (October 14...
October 12th, 2018 | 0 commentsThe region’s leading experts in dermatology, plastic surgery, laser & aesthetics will discuss the latest advances and trending topics in the field at the first Bahrain Dermatology, Laser and Aesthetics conference and exhibition (BDLA 2018). BDA Center for medical training is organizing the conference at the Crowne Plaza Hotel Bahrain...
October 11th, 2018 | 0 commentsBahrain’s aviation regulator, Civil Aviation Affairs (CAA), in cooperation with Bahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), has announced the completion of the first phase of an air navigation and instrument landing system (ILS) upgrade. The new upgrade is set to markedly improve t...
October 10th, 2018 | 0 commentsBahrain’s national oil company Bapco has commissioned a new 350,000-barrels-per-day (bpd) pipeline (AB pipeline) between Saudi Arabia and Bahrain. The 115-km, 24- to 30-inch-diameter pipeline, which replaces the existing 230,000-bpd pipeline, runs between Saudi Aramco’s Abqaiq plant, the company's biggest oil processing and crude stabilis...
October 9th, 2018 | 0 commentsAl Baraka Banking Group – Turkey (Al Baraka Turk), has issued leasing certificates, sukuk, at a total value of 250 million Turkish Lira ($40.6 million). Al Baraka Turk, which is listed on Nasdaq Dubai and Bahrain Bourse (BHB), has issued the sukuk through Bereket Varlık Kiralama Şirketi, according to a recent statement. The target amount...
October 8th, 2018 | 0 commentsAl Ezzel Power Company, a key electricity supplier in Bahrain, today (October 6) celebrated the closing of a $243-million new financing facility. This is a landmark achievement in the Bahrain infrastructure financing market, as the entire financing was extended by local and regional banks, said a statement from the company. The new financ...
October 7th, 2018 | 0 commentsAl Ezzel Power Company, a key electricity supplier in Bahrain, today (October 6) celebrated the closing of a $243-million new financing facility. This is a landmark achievement in the Bahrain infrastructure financing market, as the entire financing was extended by local and regional banks, said a statement from the company. The new financ...
October 5th, 2018 | 0 commentsGFH Financial Group (GFH) received an approval from the Central Bank of Bahrain (CBB) to exit a real estate portfolio at a value ranging from $600 million to $1 billion, CEO Hisham Ahmed Al Rayes told CNBC Arabia. Exiting this portfolio will be executed in two phases; the first one will be in cash in advance, while the second installment...
