Batelco will buy 46 per cent of Qualitynet from Ali al-Ghanim & Sons for an undisclosed fee.
Six others were sentenced to life imprisonment for the killing of a policeman after a protest last year.
Ray Ferguson joins the ABC Group after working with Standard Chartered for 28 years.
The bank’s growth in 2014 will be fuelled by the company’s entry into the Moroccan and Libyan markets and expansion in Tunisia.
Under the terms of its licence, Zain Bahrain must sell 15 per cent of its shares in an IPO and list on the Bahrain bourse.
The global financial crisis and political instability dented Bahrain’s banking sector but will a recent wave of M&A activity burn around its fortunes?
The telecoms firm has applied to Bahrain’s Ministry of Industry and Commerce for approval to become a public company.
Aluminium Bahrain’s net income for the final three months of 2013 was 13.7 million dinars ($36.3 million).
The airline said it would operate four weekly flights to Tehran, starting from March 3.
The revision was mainly driven by Fitch’s concern about regulatory uncertainty in Bahrain, it said.
Offenders will face a jail sentence of up to seven years and a fine of up to $26,500.
The merger is being carried out through a share swap of 11 Al Salam Bank shares for every one BMI Bank share.
The company recorded a net income of $60.1 million in H1 FY 2014, compared to $39.2 million last year.
The new rules cover the operations and solvency of takaful firms.
The decision comes soon after stalled reconciliation talks between the ruling family and the opposition were revived.
Batelco confirmed a deal with Cable & Wireless Communications in 2013 to buy its Monaco and Islands Division for $570 million.
Sunday’s violence followed the death of 20-year-old Fadhel Abbas, who died in police custody.
The Bahraini wealth fund’s finances were hit by losses at struggling national carrier Gulf Air.
Earlier this month the government said it was suspending talks with opposition groups.
GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.
TDX is the UK’s largest debt placement services and debt management platform company.
Reconciliation talks were suspended last week in a setback for efforts to stabilise the country.
GFH bought Leeds United in December 2012 through its Dubai-based subsidiary, GFH Capital.
Criminal and civil allegations claimed officials were bribed for years to accept the supply of raw materials from Alcoa.
The breakdown raises the prospect of more political instability in the country.
Investcorp recently bought a 25 per cent stake in Saudi Arabia’s sports and fitness business Leejam Sports Co.
The Gulf Arab kingdom has been rattled by bouts of unrest since February 2011.
Authorities are using arrests, raids and strict new laws against activists seeking political reform.
The benefits are estimated to cost the government BD6 million annually.
Three men in the Kingdom have been jailed for 15 years for two homemade-bomb attacks.