EDB attracts BD 276 m of investments in record year

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(Manama) - The Bahrain Economic Development Board (EDB) announced a record year for inward investment in 2017, having attracted 71 new companies to Bahrain with investments amounting to BHD 276 million (US $733 million). This is expected…

Mohamed bin Zayed receives World Bank President

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(Abu Dhabi) - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received Jim Yong Kim, President of the World Bank Group. In a meeting at the Louvre Abu…

Bahrain Islamic Bank posts BD 10.1 million net profit

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(Manama) - Bahrain Islamic Bank (BisB) announced strong financial results that have positively impacted all the Bank's operations. The Bank recorded a net profit of BD 10.1 million for the year ended 31st December, 2017 compared to a net…

Electricity Minister opens green conference

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(Manama) - Electricity and Water Affairs Minister Dr. Abdulhussain Mirza opened the International Conference on Green Cities, Sustainable Buildings and Renewable Energy, organised by the Kingdom University. The event was held in cooperation…

BD30 million portfolio to spur SMEs growth

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(Manama) - Tamkeen, the Labour Fund, and Khaleeji Commercial Bank (KHCB) signed a partnership agreement to manage a financing portfolio worth BD 30 million as part of Tamkeen’s Business Development "Tamweel+" Scheme. The programme comes…

Premier opens GIF 2018

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(Manama) - His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has asserted that Bahrain’s national industrial products and those of the other Gulf Cooperation Council (GCC) countries are capable of competing at international…

Malaysia to develop innovative economy

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(Kuala Lumpur) - HM Sultan Muhammad V expressed confidence that the government will be able to come up with new and innovative ways to help the people face the uncertain global economy. The King of Malaysia said he was happy with the…

Bahrain Duty Free Company establishment announced

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(Manama) - Key agreements were signed among Gulf Air Group Holding BSC (GFG), Bahrain Duty Free Shop Complex BSC (BDFS) and Bahrain Airport Company (BAC) in relation to the core duty free shopping offers at Bahrain International Airport’s…

Foreign Minister attends Davos Forum

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(Switzerland) - The Minister of Foreign Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, participated in the World Economic Forum "Davos", which was launched in the Swiss Confederation under the theme: "Creating a Shared Future…

Bahrain Airport posts 10% cargo growth in 2017

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(Manama) - Bahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), announced that the airport has witnessed a 10% growth in cargo traffic during 2017. Cargo traffic at the airport for the cumulative…

SCE, World Energy, Env. Council to establish cooperation

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(Manama) - Vice President of the Supreme Council for Environment (SCE), HH Shaikh Faisal bin Rashid Al Khalifa, today received a number of experts of the World Energy and Environment Council and organisers of the 5th World Energy and Environment…

Efforts to develop property sector hailed

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(Manama) - Survey and Land Registration Bureau (SLRB) President Shaikh Salman bin Abdulla bin Hamad Al-Khalifa received a Bahrain Property Development Association (BaPDA) delegation led by Chairman Aref Ahmed Hijris. Shaikh Salman bin…

Bahrain 1st regionally, 2nd globally: IFDI report

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(Manama) - Bahrain has ranked second globally and first in the MENA region in the fifth edition of the Islamic Finance Development Report and Indicator (IFDI) by Thomson Reuters and the Islamic Corporation for the Development of the Private…

Huawei holds ICT Talent Cultivation Summit

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(Manama) - Enabling Middle East leaders to achieve targets outlined in their national plans and visions through digital transformation was the focus of Huawei’s ICT Talent Cultivation Summit held in Shenzhen this week. The event, attended…