The fund’s 2013 profit was driven by lower impairment losses and improved operating performance of assets.
State spending rose by 2.8 per cent to BD3.4 billion in 2013, some 14 per cent below the budget plan.
Bahrain has been in turmoil since protests led by Shi’ite Muslims erupted in 2011 after similar uprisings in Egypt and Tunisia.
Bahrain’s decision could influence regulators in other Gulf states such as the UAE and Qatar that have not yet clarified their stance.
Founder-owned fashion firm Cavalli has for some time been looking for a partner or a buyer to bring in new funds.
The listing aims to fulfill a contractual agreement made when the port opened in 2009.
Saudi Arabia, Bahrain and the UAE recalled their ambassadors from Doha in March.
Nabeel Rajab, founder of the Bahrain Centre for Human Rights, was found guilty of organising and participating in illegal protests.
The Gulf state has suffered low-level civil unrest since mass protests in 2011.
Losses were cut by retiring aircraft, closing eight routes, reducing staff expenses and renegotiating over 2,000 contracts with suppliers, it said.
GFH will reduce the nominal value of its shares by 13.8 per cent to $0.265 per share from $0.3075.
Hopkins spent 18 years at Standard Chartered including as CEO for Europe.
Officials had previously said that they would gradually raise the domestic selling price for diesel fuel, almost doubling it by 2017.
There are fears that a deadlock in political efforts to solve a three-year-old standoff is deepening frustration among young Shi’ites.
The issuer completes investor meetings for the deal on May 5 and settlement is scheduled for May 11.
The former monopoly made a net profit of 14.5 million dinars ($38.46 million) in the three months to March 31.
The Russian Direct Investment Fund (RDIF) said it had signed a deal with Bahraini sovereign wealth fund to identify and work together on investment opportunities in their countries.
Bahrain’s official news agency did not name the five but said they had confessed to the plot.
Eight men planted a homemade bomb close to where police usually erected a checkpoint during protests, before setting tyres on fire and blocking the road to lure policemen to the site.
This latest move likely adds to tensions in the tiny Gulf state, where there are clashes with police in many Shi’ite areas almost every day.
Gulf International Bank plans to issue floating rate notes with a lifespan of five years through a private placement in Saudi Arabia.
The ministry said on its Twitter account the explosion was in the mostly Shi’ite village of al-Maqshaa’, outside of the capital Manama.
The deal, estimated to be worth $5 billion, would be the largest banking transaction in the region for the past 20 years.
Both the hotels are scheduled to open in July 2014.
The mining sector, which includes oil production and accounts for over a fifth of GDP, led growth in the fourth quarter.
The incident took place near a government security building in the Adliya district.
Investcorp will provide capital to Eyck, a newly established investment manager founded by Khing Oei.
Prior to joining Batelco, Alan Whelan has worked in firms such as AT&T, BT and other telecom companies in India and Macao.
Debt holders tendered $136.1 million of bonds and Batelco agreed to buy back $131.4 million of them, a statement said.
The move comes as part of a broader push to revamp Bahrain’s efforts in Islamic finance.