Air Arabia Abu Dhabi starts new route to Manama
Air Arabia Abu Dhabi has announced the introduction of a new service to Manama capital of Bahrain, starting from 27th April, 2022. Abu Dhabi travelers will now be able to fly direct to Bahrain International Airport with competitive prices, and a frequency of three weekly flights initially increased to daily starting July. Adel Al Ali, […]
Arrivals to Oman skyrocket 400% in 2022
The number of people arriving in Oman has shot up by more than 400 percent in February 2022 compared to the same month a year ago. 122,000 people came to Oman in February 2022 compared to just 23,000 in 2021, reflecting a 432.4 percent increase in arrivals to the country, according to figures published by […]
Investcorp launches North America infrastructure investment platform
Investcorp, a leading global alternative investment firm, today announced the launch of a private infrastructure investment business in North America. The new platform will apply the firm’s global expertise and track record in real estate and private equity to make investments in critical infrastructure companies and projects across North America. Michael Ryder has joined Investcorp […]
Honeywell set to launch operations at Dammam gas detector unit
Honeywell said that its new assembling facility for personal gas detectors in Dammam, Saudi Arabia will become fully operational by the end of April 2022, having recently received its required licensing and regulatory approvals. With this facility, Honeywell has become the first international company to assemble gas detectors in the Kingdom, enabling local availability of […]
Bahrain’s economic growth speeds up
Bahrain’s economic expansion gathered pace in the first quarter this year after a strong close to 2021, shows the latest data from the Finance and National Economy Ministry. Releasing a summary of the performance of key indicators during Q1-2022, the ministry said yesterday that the latest numbers are better than pre-pandemic 2019 benchmarks. In the […]
Green light for major projects in Bahrain
New infrastructure projects across the Southern Governorate, costing millions of dinars, have been given the green light. They include the construction of new roads on Hawar Islands and developing existing roads in Riffa, Isa Town and Buhair. There will also be sewage networks for the new Bahrain International Exhibition and Convention Centre in Sakhir and a […]
Cashless transactions increase by 45% in Bahrain
Cashless transactions in Bahrain jumped 45 per cent to BD341.6 million last month when compared with the same month of 2021, reveals data from the Central Bank of Bahrain (CBB). There were nearly 14m point-of-sale (PoS) and e-commerce transactions in Bahrain last month, 73.6pc of them contactless, the banking regulator said. The figures reflect the […]
Air Products acquires Bahrain and UAE gas units of Air Liquide
Air Products, a world-leading industrial gases company in operation for over 80 years, has announced that it has acquired Air Liquide’s industrial gases business in the UAE and Bahrain. As per the deal, the Pennsylvania-based company will take over Air Liquide Emirates for Industrial Gases (Alemir) and Orca Industrial Gases, which includes liquid bulk, packaged […]
NBK Capital Awarded Global Finance’s “Best Debt Bank”
Kuwait: NBK Capital, a leading investment firm in the region and NBK Group’s investment arm, was awarded Global Finance’s “Best Debt Bank” in the Middle East for 2022. Global Finance recognizes the world’s top performers in the banking industry and other financial services. These awards are a trusted standard of excellence for the global financial […]
Deal is signed for Bahrain ID cards delivery
A memorandum of understanding has been signed between the Information and eGovernment Authority (IGA) and the Transportation and Telecommunications Ministry for delivery of identity cards. iGA chief executive Mohammed Al Qaed and Bahrain Post Assistant Under-Secretary Shaikh Bader bin Khalifa Al Khalifa signed the deal yesterday in the presence of officials. “The renewal of the […]
