September 18th, 2018 | 0 commentsInternational investments in Bahrain has reached $810 million till now this year, a significant increase from $733 million recorded during the whole of 2017, it has been revealed. The figures were revealed at a board meeting of the Bahrain Economic Development Board (EDB), chaired by Deputy King HRH Prince Salman bin Hamad Al Khalifa. At...
September 18th, 2018 | 0 commentsThe value of Bahrain-origin exports increased by 58 per cent as it reached BD229 million ($605 million) during July versus BD145 million for the same month of 2017, the Information & eGovernment Authority (iGA) said in its latest foreign trade report. The top ten countries account for 90 per cent of the exported national origin value...
September 18th, 2018 | 0 commentsBASF, a German chemical company and the largest chemical producer in the world, said it has appointed Michael Wille as the new managing director of its unit Plastic Additives Middle East (Pame) based in Bahrain. Pame is the state-of-the-art production facility for customer-specific antioxidant blends (CSB) in Bahrain. The appointment mark...
September 17th, 2018 | 0 commentsLarge insurers have stepped up their preparations for IFRS 17 and IFRS 9, but smaller insurers have fallen further behind in preparing, according to a new report from professional services firm KPMG International. Sixty-seven per cent of large insurers (with premiums over $10 billion) surveyed are in the design or implementation phase for...
September 17th, 2018 | 0 commentsThe Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa, today toured Bahrain FinTech Bay (BFB), the leading FinTech Hub in the Middle East, at Arcapita Building. Upon arrival, HRH the Deputy King was briefed on BFB initiatives, which include incubators to support smart financial technology, acceleration and educational pro...
September 17th, 2018 | 0 commentsHis Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has asserted that the national occasions and festivities of sisterly Saudi Arabia are celebrated in Bahrain because of the solid relations between the two kingdoms and their peoples. This came as HRH Premier received, at the Gudaibiya Palace today, Saudi Ambassador to...
September 17th, 2018 | 0 commentsThe Kingdom of Bahrain hails the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, to the Jeddah Peace Pact, which was signed by the President of the Republic of Eritrea, Isaias Afwerki, and the Prime Minister of the Federal Democratic Republic of Ethiopia, Abiy Ahmed. The pact aims at establishing pos...
September 17th, 2018 | 0 commentsBahrain All Share Index has closed at 1,341.21 points marking a decrease of 3.83 points below the previous closing . This decrease was due to the fall in the Services Sector, Investment Sector, and Commercial Banks Sector. Bahrain Islamic Index has closed at 945.18 points marking a decrease of 16.42 points below the previous closing ....
September 16th, 2018 | 0 commentsFive hundred and fifty government-owned buildings countrywide are to be fitted with photovoltaic panels as part of efforts to develop renewable energy and rationalise power consumption. Bids will be invited in December to select a company that will be awarded the project which covers mainly schools and hospitals. Authorities are planning...
September 16th, 2018 | 0 commentsThe high-tech processing services required to support innovation, customer satisfaction and sustainable growth in the payment industry was discussed a conference of more than 100 banking and finance leaders organised in Bahrain by Global Payment Services (GPS). The event, at the Four Seasons Hotel Bahrain Bay, focused on the company’s con...
