June 14th, 2018 | 0 commentsThe Central Bank of Bahrain (CBB) has decided today and effective immediately to raise its key policy interest rate. The CBB’s key policy interest rate on the one-week deposit facility is raised from 2.00% to 2.25%. The CBB has also decided to increase the overnight deposit rate from 1.75% to 2.00% and adjust both the one-month deposit ra...
June 13th, 2018 | 0 commentsBahrain-based Investcorp, a leading global provider and manager of alternative investments, said it has won awards in four categories at the EMEA Finance Achievement Awards ceremony held in London, UK. The recognition highlights the firm’s continued ability to deliver strong returns across a growing product portfolio to its global investo...
June 11th, 2018 | 0 commentsVIVA Bahrain, a leading telecom services operator in the kingdom, has launched the first live and public 5G network demonstration in the kingdom ahead of its deployment at homes and businesses in co-ordination with a number of 5G-enabled devices. The launch was held at City Centre Bahrain's Central Galleria in the presence of Engineer Kam...
June 8th, 2018 | 0 commentsBahrain's Oil Minister Mohammed Al-Khalifa expected that the new pipeline project between his country and Saudi Aramco will be finished during 2018. The new pipelines’ length is 118 kilometres, of which 42 kilometres are offshore, while the remaining 73 kilometres on shore, with 400,000 barrels per day (bpd) capacity, Saudi Al Eqtisadiah...
June 7th, 2018 | 0 commentsBahrain Islamic Bank (BisB) has recently announced the launch of its in-house innovation lab, a dedicated creative space that will allow the bank to perform exploratory test runs, in an effort to continually improve new banking products and services before they are deployed in the market. The unveiling of the Innovation Lab is part of the...
June 6th, 2018 | 0 commentsBahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), issued a new tender inviting world-class local, regional, and international car rental companies wishing to manage and operate car rental outlets at the new Passenger Terminal Building. There are 12 units available, with a total area of 1...
June 5th, 2018 | 0 commentsAegila Capital Management, a new investment and advisory group backed by top Bahraini financial institutions - Osool and BBK - has acquired the global headquarters of Unilever, a landmark office property in Rotterdam’s business district for €86.5 million ($100.8 million). The property is considered one of the most prestigious corporate of...
May 31st, 2018 | 0 commentsBahrain Airport Company (BAC), the operator and managing body of the kingdom's airport, has achieved a net profit of BD12.9 million ($34 million) for 2017, compared to BD7.6 million ($20 million) the previous year, reported BNA. Minister of Transportation and Telecommunications and Gulf Air Group (GFG) Chairman Kamal bin Ahmed Mohammed an...
May 30th, 2018 | 0 commentsThe Ritz-Carlton, Bahrain has unveiled new stay packages for the Eid Al-Fitr holiday in June, offering guests special discounts and an indulgent brunch experience from June 14-17. Packages include "Two Together delights" with up to 15 per cent savings and use of The Royal Beach Club facilities, including a private beach with wrap around l...
May 29th, 2018 | 0 commentsAlternative investment firm Investcorp has invested $492 million in four individual rental apartment communities with 1,573 units and a student housing complex for $286 million, the company said in a statement on its website. In addition, the Manama-listed company invested in four industrial portfolios comprising 2.7 million square feet a...
