Business leaders briefed on Bahrain’s Awal Private Terminal

Transportation and Telecommunications Minister and Bahrain Airport Company (BAC) chairman Kamal Ahmed hosted a number of business leaders to a tour of the Awal Private Terminal. He said the building’s restoration aimed to ensure that the facility retained its cultural identity while being transformed into an advanced private aviation terminal that meets international standards and […]

Bahrain-Swiss business ties discussed

Bahraini-Swiss economic affairs and strengthening of bilateral relations were highlighted during a meeting between Industry, Commerce and Tourism Ministry Under-Secretary Iman Al Dosari and members of a Swiss economic delegation. The meeting stressed on the government’s keenness to strengthen its relations with various global and economic institutions. Swiss Confederation accredited Ambassador to Bahrain Massimo Badji, […]

Investments in Bahrain’s telecom sector reach $2.08bln

Transportation and Telecommunication Ministry said that Bahrain has a strong digital infrastructure that supports the growth of the digital economy within the government’s priorities and vision, which was translated in the Fifth National Telecommunications Plan. The ministry noted that Bahrain is among the first countries to achieve comprehensive coverage of 5G services with high download […]

Gulf International Bank issues inaugural sustainability report

Gulf International Bank (GIB) has published its first groupwide Sustainability Report which shows its commitment to sustainable growth and performance against environmental, social and governance indicators. The Report provides an overview of GIB’s strategic approach to sustainability and the Bank’s direct activities and initiatives and discloses them in accordance with the Global Reporting Initiative (GRI) […]

Bahrain, Saudi Arabia get UK e-visa waiver status

The UK Government has announced that from June 1, Bahrain and Saudi Arabia will join other Gulf Cooperation Council (GCC) countries with UK electronic visa waiver status, making it easier and cheaper to travel to the UK. This positive change comes as the UK is open to business and welcoming back international visitors with all […]

Bahrain’s Solidarity reports 13% increase in net profit

Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has announced a net profit attributed to shareholders’ fund of BD875,000 for the first quarter of 2022 against a net profit of BD773,000 for the corresponding previous period, representing 13 per cent increase. The earning per share has also increased to 6.77 fils for the quarter compared […]

National Bank of Bahrain announces 24% increase in net profit

National Bank of Bahrain (NBB) has reported an increase of 24 per cent in its net profit attributable to equity shareholders to BD19.4 million for the first quarter of 2022, compared to BD15.6m in the same period of 2021. The increase in net profit was predominantly attributable to higher interest income from loans and lower […]

Gulf Hotels Group swings to $5.57mln net profit

Gulf Hotels Group (GHG) has achieved net profit of BD2.123 million during the first quarter of 2022 compared to a loss of BD207,119 in the first quarter of the previous year, with an increase of BD2.330m. Earnings per share were 9 fils compared to a loss of 1 fils in the first quarter of last […]

Bahrain’s GFH Financial Q1 net profit rises 18%

Bahrain-based GFH Financial Group has reported net profit of $19.11 million for Q1 2022, up more than 18 percent from $16.12 million reported in the first quarter of 2021. The group, which has businesses including wealth management, real estate, commercial banking and asset management, said in a statement that earnings per share for Q1 were […]

Bahrain-based Bank ABC Q1 net profit rises 3% to $31mln

based Bank ABC (Arab Banking Corporation) has posted a $31 million Q1 net profit attributable to the shareholders of the parent company, which is 3% higher on the $30 million of the same period last year. With cost of risk returning to pre-pandemic levels, it suggests a better economic outlook and the resilience of the […]