Kalaam officially takes over Kuwaiti telecom services group Zajil
Kalaam Telecom, a leading technology solution provider in Bahrain, has completed the acquisition of Kuwaiti ISP and ICT services company Zajil International Telecom in a move that will transform the company into a one-stop digital solution provider. Announcing the official takeover, Kalaam said the acquisition strengthens the telecom company to tap into diverse industry sectors […]
Bahrain’s economic growth speeds up
Bahrain’s economic expansion gathered pace in the first quarter this year after a strong close to 2021, shows the latest data from the Finance and National Economy Ministry. Releasing a summary of the performance of key indicators during Q1-2022, the ministry said yesterday that the latest numbers are better than pre-pandemic 2019 benchmarks. In the […]
Cashless transactions increase by 45% in Bahrain
Cashless transactions in Bahrain jumped 45 per cent to BD341.6 million last month when compared with the same month of 2021, reveals data from the Central Bank of Bahrain (CBB). There were nearly 14m point-of-sale (PoS) and e-commerce transactions in Bahrain last month, 73.6pc of them contactless, the banking regulator said. The figures reflect the […]
Deal is signed for Bahrain ID cards delivery
A memorandum of understanding has been signed between the Information and eGovernment Authority (IGA) and the Transportation and Telecommunications Ministry for delivery of identity cards. iGA chief executive Mohammed Al Qaed and Bahrain Post Assistant Under-Secretary Shaikh Bader bin Khalifa Al Khalifa signed the deal yesterday in the presence of officials. “The renewal of the […]
India’s education sector ‘a $225bln opportunity’: Bahrain
India’s education sector is a $225 billion opportunity, according to new research by Investcorp. A white paper released yesterday by the Bahrain-based alternative investment firm analysing investment opportunities in India’s education infrastructure sees the industry growing at 14 per cent annually over the next few years to reach an overall size of $225bn. The research […]
Bahrain ‘key to securing stability in Mena region’
Bahrain is a core partner in the Abraham Accords and will continue to play a key role in securing stability in the Middle East and North Africa (Mena) region, a top UK MP affirmed last night. Former UK defence and trade secretary Dr Liam Fox, who is also chairman of the UK Abraham Accords Group, asserted […]
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 […]
Bahrain-India trade to reach $1.4bln
Bilateral trade between Bahrain and India is expected to reach $1.4 billion during 2021 and 2022. Details were revealed during the Fifth round of the Foreign Office Consultations between India and Bahrain which was held in New Delhi. Foreign Ministry Under-Secretary for Political Affairs Dr Shaikh Abdulla bin Ahmed Al Khalifa and Indian Minister of State […]
Bahrain, Israel discuss ways to boost tourism exchange
Bahrain and Israel discussed means to increase tourism exchange between the two countries through promotion during a meeting of the tourism ministers of the two countries in Tel Aviv, Israel. Industry, Commerce and Tourism Minister, Bahrain Tourism and Exhibitions Authority (BTEA) Chairman Zayed bin Rashid Al Zayani and Israeli Tourism Minister Yoel Razvozov also discussed […]