Sustainable Energy Unit background explained

Sustainable Energy Unit background explained

(Manama) – Electricity and Water Affairs Minister Dr. Abdulhussain Mirza met heads of companies operating in the oil, gas and petrochemical sector and explained the background to the establishment of the Sustainable Energy Unit. He said the two main objectives of the unit are to encourage investment in renewable energy and efficiency and rationalization of […]

Mumtalakat achieves BD 68.9 million net profit

Mumtalakat achieves BD 68.9 million net profit

(Manama) – The audited consolidated financial results for the fiscal year ended 31st December 2016 were released by the Board of Directors of the Bahrain Mumtalakat Holding Company (“Mumtalakat”), the investment arm of the Kingdom of Bahrain. The results reflect a continued solid financial and operational performance across Mumtalakat’s group of companies (“Group”). Commenting on […]

Bahrain elected to ILO’s Government Group

Bahrain elected to ILO's Government Group

(Geneva) – Labour and Social Development Minister Jameel Humaidan congratulated His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, on Bahrain’s election as a […]

Tamkeen signs MoU with Huawei

Tamkeen signs MoU with Huawei

(Manama) – Labour Fund “Tamkeen” signed a Memorandum of Understanding (MoU) with Huawei Company, the world’s leading telecommunication service provider, to support on-the-job training programs. The MoU aims at increasing the number of enrollees to the Huawei’s international program, which strives to build national competence and expertise in China. Commenting on this occasion, HE Dr […]

Deputy PM meets property developers, investors

Deputy PM meets property developers, investors

(Manama) – Deputy Prime Minister Shaikh Khalid bin Abdullah Al Khalifa affirmed that the sustainability of the infrastructure sector will not be achieved unless in partnership with the private sector and investors through activation of the principle of levying of the cost of construction and development in urbanization areas. He said the government since the […]

Modern, dynamic public sector key to growth

Modern, dynamic public sector key to growth

(Manama) – A modern and dynamic public sector that can facilitate long-term prosperity through private sector growth enjoys prime priority in the next phase of Bahrain’s development, said Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa. Prince Salman was visiting the Majlises of the sons of the late Ali bin Yousif Fakhro […]

DERSAT, UNDP sign agreement

DERSAT, UNDP sign agreement

(Manama) – The Bahrain Strategic, International and Energy Studies Centre (DERASAT) and the UN Development Programme (UNDP) have signed a cooperation agreement to prepare Bahrain’s Human Development Report 2018. The agreement was signed by DERASAT Board of Trustees Chairman Dr. Shaikh Abdullah bin Ahmed Al Khalifa and the UN Resident Coordinator and UNDP Resident Representative, […]

Al Baraka issues US$ 400 million Islamic Sukuk

Al Baraka issues US$ 400 million Islamic Sukuk

(Manama) – Al Baraka Banking Group B.S.C (“ABG”), the Bahrain-based leading Islamic banking group, announced the successful completion of its first Islamic Sukuk issue in the amount of US$ 400 million. The issue was well received in the GCC, Asian and European markets, and was five times oversubscribed, receiving subscriptions of US$ 1.6 billion against […]

Bahrain elected to chair WTO committee

Bahrain elected to chair WTO committee

(Manama) – Minister of Industry, Commerce and Tourism, Zayed bin Rashid Al-Zayani, congratulated Bahrain Commercial Attaché in Geneva, Khaled Jamal Almer, on his election by the World Trade Organization as the Chairman of the Committee on Trade in Financial Services, one of the four subcommittees to the Council for Trade in Services for 2017. The […]

EDB signs three agreements with China

EDB signs three agreements with China

(Manama) – Three deals were signed between Bahrain Economic Development Board (EDB) and the China Hi-Tech Transfer Centre; Shenzhen Belt and Road Economy and Technology Cooperation Association; and Shenzhen Cross-Border E-Commerce Association, on the sidelines of a high-level Chinese business delegation’s visit to Bahrain. The deals aim to promote stronger economic ties between the two […]

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