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 […]
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 […]
King’s Diplomatic Affairs Advisor receives UAE researcher
Advisor to HM the King for Diplomatic Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, received here today the Deputy Chairman of the Board of Trustees of the Emirates Center for Strategic Studies and Research (ECSSR), Dr. Jamal Sanad Al-Suwaidi, who presented him a copy of his book entitled “The Muslim Brotherhood in the […]
Information Minister receives Board of Trustees Deputy Chairman of Emirates Centre for Strategic Studies and Research
Minister of Information, Ali bin Mohammed Al Romaihi, received Board of Trustees Deputy Chairman of the Emirates Centre for Strategic Studies and Research, Dr. Jamal Sanad Al-Suwaidi. The Information Minister underlined strong historical partnership between the Kingdom of Bahrain and the UAE and its steady growth at all levels thanks to keenness of His Majesty […]
HRH the Crown Prince and Prime Minister thanked by the Chairman of the Shura Council
His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today received a cable of thanks from the Chairman of the Shura Council, HE Ali bin Saleh Al-Saleh, following the issuance of a Royal Order adjourning the fourth session of the fifth Legislative Term. The Chairman of the Shura Council […]
