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 […]

BCCI committee, UNIDO Office hold meeting

BCCI committee, UNIDO Office hold meeting

(Manama) – Second vice-chairman of the Bahrain Chamber of Commerce and Industry (BCCI), Abdulhameed Al Kooheji, alongside committee members, have recently held a joint meeting with UNIDO’s head of Investment and Technology Promotion Office in Bahrain (ITPO) Dr. Hashim Hussain. The meeting discussed organising joint events that target entrepreneurs and owners of small and medium […]

Bahrain participates in WPC 2017

Bahrain participates in WPC 2017

(Ankara) – Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa, in his speech at the 22nd World Petroleum Congress concluded today in Istanbul, Turkey, spoke of “Partnership for Success”. The congress was launched on 9 July under the slogan “Bridges towards the future of energy”. It witnessed the presence of the WPC President Dr. Jozsef […]

Uplifting Bahraini-Russian trade exchange discussed

Uplifting Bahraini-Russian trade exchange discussed

(Moscow) – Minister of Industry, Commerce and Tourism, Zayed bin Rashid Al Zayani, discussed with Chairman of Chamber of Commerce and Industry of Russia, Sergey Katyrin, ways to promote trade exchange between the two countries in the interest of their people. Bahrain’s Ambassador to Russia, Ahmed Al-Sa’ati, and members of the Bahraini accompanying delegation were […]

BTEA, Tamkeen support online Hotel Integration Project

BTEA, Tamkeen support online Hotel Integration Project

(Manama) – The Bahrain Tourism and Exhibitions Authority (BTEA) and Labor Fund “Tamkeen” signed a Memorandum of Understanding (MoU) to support the development of the Online Hotel Integration Project recently launched by the BTEA. The MoU is in line with Kingdom’s strategy to further develop the tourism industry and encourage the private sector establishments to […]

Gulf Air deploys maximum data security protection

Gulf Air deploys maximum data security protection

(Manama) – Gulf Air, the national carrier of the Kingdom of Bahrain, has reinforced its network perimeter to pre-empt and combat Distributed Denial-of-Service (DDoS) attacks, improve data centre and application-level security and further enhance data and access protection measures. A key component of Gulf Air’s DDoS strategy is the deployment of the F5 DDoS Hybrid […]

Several UK banks suspend trading Qatari rial

Several UK banks suspend trading Qatari rial

(London) – Several British banks have suspended trading Qatari riyals for retail customers, as the extended diplomatic crisis in the Gulf puts growing pressure on the currency, UAE News Agency (WAM) reported. Lloyds Bank, Bank of Scotland and Halifax – all operated by Lloyds Banking Group – have stopped buying and selling the currency because […]

Hotel Eid revenues reach BD 3.2 million

Hotel Eid revenues reach BD 3.2 million

(Manama) – Hotel revenues in Bahrain totaled up to BD3.2 Million during the Eid Al Fitr break, with over 22,000 hotel rooms booked and the total occupancy rate of five-star hotels reaching up to 80%. “The positive results reflect the overall development of the tourism industry in the Kingdom of Bahrain. We have witnessed a […]

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 […]

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