Aluminium Bahrain refinances $1.247bln loan with sustainability targets
Aluminium Bahrain (Alba), the world’s largest smelter ex-China, has successfully achieved sustainability-linked refinancing for its $1.247bln syndicated loan facility in connection to the Line 6 Expansion Project. Alba is the first Bahraini company to have achieved such sustainability-linked refinancing. The senior-unsecured conventional and Islamic facility carries an interest margin of 235 basis points per annum over […]
Moody’s upgrades outlook for Bahrain’s banking system
Bahrain banks’ profitability will return to pre-pandemic levels over the next 12 to 18 months, forecasts Moody’s Investors Service, noting that resilient funding, liquidity and capital positions are back after the coronavirus economic shock. In reports issued yesterday, the US-based ratings agency has changed the outlook for the banking systems of Bahrain, Saudi Arabia, Kuwait, […]
Bahrain first in GCC to license Starlink
he Telecommunications Regulatory Authority (TRA) has granted US firm SpaceX the licence to offer Starlink satellite and Internet services in Bahrain. The kingdom is the first in the GCC to grant a licence for this service. Starlink is a new and innovative service that uses a network of satellites along the Earth’s orbit in low […]
HRH the Crown Prince and Prime Minister thanked by the King and Crown Prince of the Kingdom of Saudi Arabia
His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today received a cable of thanks from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, in reply to HRH’s condolences over the passing of His Royal Highness Prince Abdulrahman bin Saad II bin Abdulrahman bin […]
Bahrain condemns terrorist bombing in southern Pakistan
Bahrain condemned the terrorist bombing that took place near a Chinese institute at the University of Karachi in southern Pakistan, which led to a number of deaths and injuries. The Ministry of Foreign Affairs affirmed the Kingdom’s solidarity with Pakistan against violence, extremism and terrorism, renewing its firm stance and rejecting such criminal acts, which […]
HM King thanked by Custodian of Two Holy Mosques
His Majesty King Hamad bin Isa Al Khalifa received a cable of thanks from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, in reply to HM’s condolences over the passing of His Highness Prince Abdulrahman bin Saad II bin Abdulrahman bin Faisal Al Saud.
Gulf Air Chairman follows Parliamentary Inquiry Committee recommandations
Gulf Air Board of Directors’ Chairman Zayed R. Alzayani met with the company’s members of the Executive Management to review the outcomes and recommendations of the Parliamentary Inquiry Committee related to Gulf Air. Alzayani praised the efforts of the Parliament and the Parliamentary Inquiry Committee for their keenness and efforts in performing their duties, affirming […]
