Home GCC Bahrain

Bahrain

Manama Bahrain

S&P turns more positive on Bahrain as oil prices surge

Among the policies welcomed by the agency were expenditure cuts and a doubling of value-added taxes in January

agreement

Bahrain’s Gulf Air, Tamkeen sign agreement to advance cooperation

The agreement aims to support the training and employment of Bahrainis

SAKHIR, BAHRAIN - November 10, 2022: HH Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates (L), meets with HM King Hamad bin Isa Al Khalifa, King of Bahrain (R) ( Abdulla Al Neyadi / UAE Presidential Court )

UAE President, King of Bahrain discuss strengthening bilateral relations and cooperation

During his visit, the UAE President also attended the final stage of the joint Emirati-Bahraini military anti-terrorism exercise, titled ‘Jelmoud 3’

Bahrain

Bahrain announces discovery of two new natural gas reservoirs

Additional drilling operations are scheduled to be conducted during the next two years

Investcorp plans major ramp up of India assets to $5bn

The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn

Investcorp, Fung Capital to start $500m Greater Bay fund

The fund will mainly focus on buyouts of firms in or close to the region that spans the Chinese cities of Hong Kong and Macau

Bahrain

Bahrain attracts $72.7m worth of investment in financial services

The financial services investments are expected to generate over 840 jobs over the next three years

Bahrain

Bahrain attracts $290m in direct investment in manufacturing and logistics

The investments are expected to generate more than 1,200 jobs over the next three years

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities

Kuwait Finance House

Kuwait lender KFH to buy Bahrain’s Ahli United for $11.6bn

The potential combination would create the Gulf’s seventh-largest lender with $115bn in assets

Cloud

Why some organisations are still reluctant to move to cloud

Bahrain Economic Development Board’s Musab Abdulla shares how disruptive technologies like cloud computing are impacting today’s innovations

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

Gulf Air to start direct flights to Ras Al Khaimah airport

Bahrain’s Gulf Air begins services to Milan

The inaugural flight left Bahrain International Airport on June 1

Bahrain’s BBK appoints seven women to boards of group firms

The Bahraini women are among a growing number of females taking on leadership roles across the Gulf region

Oil declines as OPEC+ decision on production takes center stage

OPEC+ ministers say pumping more oil won’t ease gasoline prices

Soaring demand ahead of the peak US driving season is sending refining margins to extraordinary heights

Uk visa

UK to waive visa requirement for Saudi, Bahraini nationals from June 1

They will need to fill out an online visa waiver application which will be processed within 48 hours and at a cost of GBP30

Air Arabia Abu Dhabi

Air Arabia Abu Dhabi to start new route to Manama

The new service represents the 22nd route for the carrier since the launch of its service from Abu Dhabi International Airport in July 2020

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

Bahrain seizes on oil windfall to rebuild funds hit by pandemic

The country will put $2 into the Future Generations Reserve Fund for each barrel of crude sold at over $80

Getty Images

Bahrain’s InvestCorp in exclusive talks to buy AC Milan

Investcorp, backed by Abu Dhabi sovereign fund Mubadala Investment Company, is in discussions with Elliott Management to buy the club for EUR1bn

Sheikh Mohamed bin Zayed, Bahrain’s King Hamad discuss cooperation ties

The two leaders stressed the importance of further developing trade and investment cooperation

Mideast asset manager Investcorp seeks cash for blockchain fund

The eLydian Lion fund will be based in Abu Dhabi

Citi to sell its consumer unit in Bahrain to Ahli United Bank

The transaction includes Citigroup’s retail-banking, credit-card and unsecured-lending businesses

Bahrain sees higher oil helping it beat budget balance target

The International Monetary Fund estimates Bahrain needs oil prices of around $107 a barrel to balance its budget

International Fund for Agricultural Development

Investcorp’s investments into European real estate portfolio climbs to EUR1.1bn

The investments were spread across 80 properties in the UK, Germany, the Netherlands, Italy and Belgium

Bahrain’s Central Bank issues operating licence to Binance

Bahrain is the first GCC country to issue regulatory approvals to the blockchain and cryptocurrency infrastructure provider

Sheikh Mohamed bin Zayed Al Nahyan

Sheikh Mohamed bin Zayed meets King of Bahrain in Abu Dhabi

The two leaders reportedly discussed ways to expand cooperation across all fronts

Bahrain to hire advisers for privatisation of state oil firms

Bahrain produces about 200,000 barrels a day

Tourism airport

Special report: The power of the GCC as a source market for global tourism

The size and monetary value of the outbound GCC tourism market were never in question – but what are its challenges, opportunities and key growth drivers in the foreseeable future?

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades