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Bahrain

Bahrain begins construction on United States Trade Zone

The USTZ will be initially spread across approximately 1.11 million sq m and built at a cost of around BHD75m

Bahrain scraps PCR testing, quarantine requirements on arrival

The directive will come into effect on Sunday, February 20, 2022

Getty Images

The Middle East’s first large-scale NFT collection to launch in Dubai

The Bored Falcon initiative has been created and fuelled by a collective of artists across Dubai, Manama, Beirut, and Damascus

Bharain investcorp

Bahrain’s Investcorp acquires 64 industrial properties worth $640m in the US

The latest acquisitions grows Investcorp’s US industrial real estate holdings to approximately $3.5bn across approximately 32 million sq ft

Flooss, a new digital payment platform, launched in Bahrain

Mastercard has partnered with Payment International Enterprise to launch Flooss across Bahrain and the region

Why the CEO of CoinMENA thinks cryptocurrencies are the future of finance

Looking to invest in crypto assets? Talal Tabbaa advises starting small, paying attention to trends and adopting a long-term outlook

Oracle named as Red Bull Racing F1 title sponsor

The Formula 1 2022 season begins March 18-20 with the Gulf Air Bahrain Grand Prix in Bahrain

Bahrain’s GFH Financial Group reports net profit of $84.22m in 2021

The group’s net profit increased by 86.77 per cent over 2020, supported by diversification and an international investment portfolio

Bahrain

Bahrain introduces permanent residency golden visas

Open to both residents and non-residents, as well as their families, the visa can be renewed indefinitely

Light-1 CubeSat

UAE-Bahrain nanosatellite Light-1 launched from International Space Station

The Light-1 CubeSat is the region’s first scientific mission to monitor and study Terrestrial Gamma-ray Flashes from thunderstorms and lightning

Bahrain’s Al Waha Fund of Funds invests in $50m fintech fund

The VentureSouq MENA FinTech Fund will support fintech companies in Bahrain and across the region

Kitopi launches its first kitchens in Bahrain and Qatar

The company, which turns four this month, will set up operations in Malaysia and Singapore next

Binance gets in-principle approval in Bahrain to provide crypto services

Bahrain has been one of the Middle East’s early adopters in the digital assets space

Covid-19: Bahrain to move to ‘yellow alert level’ over omicron concerns

The new alert level will be in place from Sunday, December 19, 2021, until Monday, January 31, 2022

Bahrain parliament approves decision to double VAT to 10%

The bill has now been sent to the Shura Council, the upper house of the National Assembly

Bahrain’s financial group acquires US medical offices for $200m

Spread across seven states, the medical offices portfolio consists of 11 assets and 400,000 square feet of space

Bahrain says ‘Iran-linked terrorists’ arrested for plotting attack

Weapons and explosives from Iran were seized from the accused who are “associated with terrorist groups”, officials said

Dubai’s DAFZA, Export Bahrain sign agreement

The MoU seeks to encourage companies across the two countries to expand joint trade relations and enhance cooperation

Emirates Gulf Air

Dubai’s Emirates and Bahrain’s Gulf Air unveil codeshare plans

The MoU was signed on the first day of the Dubai Airshow 2021

Abu Dhabi

Abu Dhabi Securities Exchange, Bahrain Bourse sign strategic partnership agreement

The two entities will introduce products and services including exchange-traded funds, smart order routing and cross-border direct trading

Investcorp

Bahrain’s Investcorp builds EUR1bn European real estate portfolio

It recently acquired ten UK industrial assets for a combined purchase price of GBP56.7m

Bahrain aims to attract 14.1 million tourists by 2026 as part of new strategy

The strategy seeks to increase the contribution of tourism to Bahrain’s GDP to reach 11.4 per cent in 2026

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

Bahrain plans $30bn investment as it balances its budget

The kingdom aims to create more than 20,000 jobs annually for citizens by 2024

Covid-19: Bahrain updates alert system, temperature checks to be stopped for unvaccinated

Obligatory registration of information will no longer be required for non-vaccinated individuals when entering a facility, with waiting areas to be re-opened

Bahrain Airport Company, FedEx Express sign contract to operate advanced facility

Bahrain International Airport’s new cargo area will double the airport’s capacity to accommodate larger volumes

Germany

Travellers from UAE and Bahrain can now travel to Germany irrespective of vaccination status

The latest decision to add the two countries to the German safe list was based on a recommendation of the Council of the European Union

Israeli Foreign Minister to open new Bahrain embassy on Thursday

Bahrain’s first ambassador to Israel, Khaled Yousif Al-Jalahma, took up his new post in Tel Aviv earlier this month

Bahrain plans to double VAT in bid to curb deficit

Bahrain’s budget shortfall is projected to drop to 9.1 per cent of gross domestic product this year compared with 18.3 per cent of GDP in 2020

Reel Cinemas

Emaar Entertainment partners with Eagle Hills Diyar to open Reel Cinemas in Bahrain

Located in Marassi Galleria in Manama, the country’s first Reel Cinemas will open in 2022 and feature 10 screens