Participation in World Food Moscow Exhibition invited

Participate in World Food Moscow Exhibition invited

(Manama) – Food and Agriculture Committee at Bahrain Chamber of Commerce and Industry (BCCI) called on Bahraini businessmen and traders to participate in the World Food Moscow Exhibition to be held on September 11-14. The BCCI’s committee staged the meeting to shed light on the international exhibition that is an excellent opportunity for Bahraini businessmen […]

GFH completes major acquisition

GFH completes major acquisition

(Manama) – GFH Financial Group (“GFH”) announced that it has completed the acquisition of $1.2bn infrastructure portfolio in Africa and Middle East. The acquisition comes as part of GFH’s new strategy approved in the last shareholders’ Extraordinary General Meeting in March 2017 and subsequent to regulatory approvals. The acquisition has been funded by US$ 315mn […]

GPIC licensed to operate export terminal

GPIC licensed to operate export terminal

(Manama) – The Gulf Petrochemical Industries Company (GPIC) has been officially licenced by the Ministry of Transport and Telecommunications (MTT)s’ Ports and Maritime Navigation Affairs Directorate to operate and manage the company’s private export terminal. The two-year license was handed over to GPIC President Dr. Abdulrahman Jawahery when he received the Ministry’s Assistant Undersecretary for […]

Bahrain’s non-oil growth accelerates to 4.4% in Q1

Bahrain non-oil growth accelerates to 4.4% in Q1

(Manama) – Growth in the non-oil sector of Bahrain’s economy reached 4.4% in the first quarter of 2017, up from 3.7% during 2016, according to the Bahrain Economic Quarterly published by the Bahrain Economic Development Board (EDB). This growth was driven by strong performance across the non-oil private sector, with momentum continuing to be supported […]

HM King ratifies, issues Real Estate Law 27/2017

HM King ratifies, issues Real Estate Law 27/2017

(Manama) – His Majesty King Hamad bin Isa Al Khalifa ratified and issued the Real Estate Sector’s Regulatory Law 27/2017 after its approval by the Shura and Representatives Councils. The Law-Decree 21/1976 that regulates the vocation of property dealership has been annulled as well as the provisions that regulate the ownership of apartments and tiers […]

IMF to launch new form of aid

IMF to launch new form of aid

(Washington) – The International Monetary Fund (IMF) announced that it will launch a new tool to support governments in financial trouble — but one that involves no money — formalising a step it took last week for Greece. Instead of providing cheap loans to member countries, the new IMF tool will serve as a good […]

BFB lists BD125 m Government Islamic Lease Securities

BFB lists BD125 m Government Islamic Lease Securities

(Manama) – Bahrain Bourse (BHB) announced the listing of the Government Islamic Lease (Ijara) Securities (sukuk)– Issue No. 24 that has been issued by the CBB on behalf of the Government of Bahrain through registered brokers at Bahrain Bourse. The sukuk will be traded under the symbol GILS24.SUK as of tomorrow. The BD125 million sukuk […]

BHB lists BD200 m Government Development Bond

BHB lists BD200 m Government Development Bond

(Manama) – Bahrain Bourse (BHB) announced the listing of the Government Development Bond– Issue No. 14 that has been issued by the CBB on behalf of the Government of Bahrain through registered brokers at Bahrain Bourse. The bond will be traded under the symbol GDEV14.BND as of Sunday. The BD200 million Bonds issued at a […]

Sustainable energy plans discussed

Sustainable energy plans discussed

(Manama) – Electricity and Water Affairs Minister Dr. Abdulhussain Mirza received Tamkeen Chief Executive Officer Dr. Ibrahim Janahi and officials of the Sustainable Energy Unit. The two sides reviewed the future plan of the Sustainable Energy Unit, addressed important joint projects and discussed areas of cooperation. The minister thanked the wise leadership for their care […]

Bahrain’s financial policy outlined

Bahrain’s financial policy outlined

(Manama) – Finance Minister Shaikh Ahmed bin Mohammed Al-Khalifa stressed the Government’s keenness on increasing income and reducing the gap between general revenues and spending – thus containing public debt. He made the statement as he addressed the Shura Council, which discussed the draft law on the state budget for the fiscal years 2017-2018. He […]

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