New flats to replace rundown buildings in Bahrain
A total of 240 government apartment buildings in a dilapidated state will be demolished to pave way for modern housing projects. The apartments – comprising 1,736 housing units ranging from 67sqm to 116sqm – were built between 1976 and 1981 in Umm Al Hassam, Sanabis, Muharraq, Busaiteen, Hidd and Isa Town and have worn out with […]
Bahrain’s F1 strategy pays off; yields economic benefits
Bahrain was first to build a track and host a Formula One (F1) race in the region, but there was competition. UAE, Egypt and Lebanon were all potential alternative candidates, but in 2002 the FIA came calling and Bahrain beat their internal competition, as a result of a firm commitment to deliver a race by […]
Bahrain’s Tamkeen signs enterprise financing deals with six banks
Bahrain’s Labour Fund (Tamkeen) signed new strategic partnership agreements with six banks to provide a comprehensive range of financing solutions for private sector enterprises. The banks include Bahrain Islamic Bank, Khaleeji Commercial Bank, Al Baraka Islamic Bank, Kuwait Finance House, Ithmaar Bank, and Al Salam Bank. The signings are an addition to previously announced strategic […]
Bahrain’s CBB wins ISO certification in business management system
The Central Bank of Bahrain (CBB) has received the ISO 22301:2019 certification in Business Continuity – Management System (BCMS) after undergoing audit procedures, meeting all standard requirements and successfully passing the audit process. The ISO 22301:2019 BCMS is an internationally recognized certification which was awarded to CBB for its efforts in adopting the best international […]
Bahrain Bourse ‘to list five state companies this year’
The public will be offered shareholding in five government-run companies this year, according to Shaikh Khalifa bin Ebrahim Al Khalifa, the top official of Bahrain Bourse (BHB). Shaikh Khalifa said this during the just concluded Arab Federation of Capital Markets (AFCM) Annual Conference hosted by Bahrain. “The initial public offering strategy focuses on developing the […]
EGA, Alba tie up to raise production at Alba’s Potline 6
Aluminium Bahrain (Alba) and Emirates Global Aluminium (EGA) will cooperate to raise output at Alba’s Potline 6 beyond its name-plate capacity as well as explore using EGA technology and know-how in future expansions at Alba smelter. For this, EGA, the largest industrial company in the UAE outside oil and gas, and Alba have signed a […]
Bin Hindi Solutions launches new identity at the Gulf Construction Expo 2022
Bin Hindi Solutions (BHS), a division of Bin Hind Informatics, has launched its new identity at the Gulf Construction Expo 2022 at the Bahrain International Exhibition and Convention Centre. The company showcased a wide range of tailor-made and cutting-edge products and solutions that target the needs of diversified industries. The solution line up covering visual […]
DHL Express inaugurates new Bahrain – Istanbul route
DHL Express MENA has launched a direct flight from Bahrain to Istanbul, following the signing of a lease agreement with Texel Air whereby DHL has contracted the cargo operator’s Boeing 737-800BCF aircraft for this route. This move supports DHL’s Middle East network optimisation strategy which aims to increase air efficiencies and enhance transit times, the […]
Bahrain’s Al Salam opens first paperless and fully automated branch
The opening ceremony was held in the presence of the Central Bank of Bahrain (CBB) representative, Khalid Al Hamad, Executive Director of Banking Supervision in addition to the Bank’s Board of Directors and Executive Management. The opening of the new branch comes as part of Al Salam Bank’s digital transformation strategy to support environmental sustainability. […]
