Finance minister receives AIIB official

Finance minister receives AIIB official

(Manama) – Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa received Joachim von Amsberg, Vice President for Policy and Strategy, Asian Infrastructure Investment Bank (AIIB). They discussed means of enhancing co-operation in various development areas. Bahrain joined the AIIB according to a Cabinet edict issued on April 17 and took part in its annual meetings […]

Bahrain, Sudan to enhance economic cooperation

Bahrain, Sudan to enhance economic cooperation

(Manama) – Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa has received Abdulrahman Derar, Minister of State at the Sudanese Ministry of Finance and National Economy. They discussed means of enhancing joint co-operation in areas relating to finance, economy and investment. They also reviewed ongoing financial and economic programmes in the two countries.

Bahrain best country for expatriates in the world: Survey

Bahrain best country for expatriates in the world: Survey

(Manama) – Bahrain is the most popular destination in the world for expatriates, a global survey indicates. The Kingdom has been given high marks by its expats as a place to work and raise a family and for making foreigners feel welcome. Nearly nine in 10 expats (87 per cent) said they are happy with […]

Wataniya Airways launches first flight to Bahrain

Wataniya Airways launches first flight to Bahrain

(Manama) – Bahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), welcomed the inaugural GCC flight of Wataniya Airways, which made the Kingdom of Bahrain the first country in the region it has flown to since its July launch. The flight from Kuwait International Airport was received at BIA by […]

$20 Billion Sino-Saudi Agreements signed

Saudi-Sino business ties discussed

(Jeddah) – Chinese Vice Premier Zhang Gaoli has attended here an open session with Saudi businessmen to discuss joint investment opportunities and cooperation between the two sides. The meeting was held in the presence of the Saudi Minister of Energy, Industry and Mineral Resources, Khalid bin Abdulaziz Al-Falih, and other officials. The minister highlighted the […]

Boost to BAS-Swissport partnership

Boost to BAS-Swissport partnership

(Manama) – For the second consecutive year , Bahrain Airport Services Company (BAS) commissions about 40 highly skilled and experienced Bahraini employees to work at Jeddah International Airport For the national carrier (Gulf Air) during the Hajj season. This coordination renewal comes after a significant success of previous support operations by Bahrain airport services to […]

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 […]

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