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 records 681 new Covid-19 cases on Sunday
Bahrain yesterday recorded 681 new cases and 966 recoveries. This takes the total recoveries to 548,777. There are 5,993 active cases of whom 22 are being treated in hospital and four patients are critical. Bahrain has so far registered a total of 556,241 cases and conducted 9,620,989 tests. Yesterday, it conducted 4,771 tests.
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 […]
706 new connections to sewage network in Bahrain
A total of 706 new connections to the sewage network were activated during 2021, the Works, Municipalities Affairs and Urban Planning Ministry announced yesterday. These additions connected homes and commercial buildings to the sewage network and were distributed in the four governorates. “The delivery work was distributed in various residential blocks in the four governorates, […]
First phase of Bahrain’s Sitra bridge complete
The first phase of work on an almost BD1million reconstruction project on Bridge 17 at Umm Al Saad Avenue, near Bandar Al Dar in Sitra, has been completed. The project, designed as two bridges, will replace the current bridge with another with two lanes in either direction, plus an emergency lane, to enhance traffic movement […]
GFH approves $60mln dividends for 2021, in cash, bonus shares
Bahrain-based GFH Financial Group will be distributing dividends worth $60 million for FY 2021 which includes cash profits for all ordinary shares, save for treasury shares at 4.57% of the nominal value of the share (equal to $0.0231 per share, BD0.004562, AED0.0444), equal to $45 million. The recommendation also includes bonus shares of 1.5% of […]
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 […]
Bahrain’s real GDP grows 4.3% in Q4, says report
Bahrain’s GDP grew by 4.29% at real prices and 18.44% at current prices in the Q4 of 2021, according to national accounts estimates issued by the Information & eGovernment Authority (iGA). The report, which shows the growth of both the oil and non-oil sectors, revealed that the oil sector grew by 4.67% at constant prices […]
Royal greetings: King congratulates citizens and the expatriate communities in Bahrain on Ramadan
His Majesty King Hamad has congratulated citizens and the expatriate communities in Bahrain on Ramadan. He hosted an iftar banquet at Al Safriya Palace, in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. The banquet was also attended by senior members of the Royal Family, who […]
