Kuwaiti telecoms operator Zain holds a 56.3 per cent stake in Zain Bahrain.
Representatives from over 30 nations will gather in Bahrain to practise minesweeping and escorting ships.
The Telecommunications Regulatory Authority was due to auction 12 lots of spectrum primarily for 4G networks from March 31.
The economy grew 3.4 per cent in full-year 2012, up from 1.9 per cent in 2011.
International Investment Bank’s chief executive, Aabed Al-Zeera, will join the Leeds City Holdings Limited.
Potential buyers Charterhouse, HgCapital and Pamplona were likely to submit bids 100 million euros under its price tag.
Sheikh Ali Salman, leader of the Shi’ite-led group al-Wefaq, says he welcomed Crown Prince Salman al-Khalifa’s appointment.
The forecast is lower than the Economic Development Board’s prediction last month of 6.2 per cent for 2013.
Based on Bahrain Islamic’s total outstanding shares, the value of the deal is about BD34.9 million.
The country ranked 28th overall in the World Economic Forum’s Travel & Tourism Competitiveness Report 2013.
The fund has allocated $45 million for real estate projects and $42 million for tourism and hospitality schemes
The firm may take a small stake in either a bauxite mine or a new or existing refinery, says CEO.
Investcorp has been selling assets and making new investments as financial markets recover from the Arab Spring.
The struggling carrier said further adjustments would be made across all levels of its organisation.
The bank made a net profit of $26 million for the final three months of 2012, meaning a full-year profit gain of 13 per cent.
The lender said earlier this month it was seeking regional acquisition targets after selling a 29.4 per cent stake in Qatar’s Ahli Bank.
The money will be disbursed on an annual basis over the next 10 years.
The value of the deal was not disclosed, but it is estimated to be between $150 to $300 million.
Aluminium Bahrain blamed higher energy costs for the decline in income.
Saj Ahmad, aviation expert, says forcing the carrier’s closure may not necessarily benefit Gulf Air.
The privately owned airline was flying to around a dozen locations in the Middle East.
The kingdom’s Economic Development Board estimated GDP grew 3.9 per cent in 2012, up from 1.9 per cent in 2011.
Opposition members have expressed very cautious optimism that the talks represent a meaningful step forward.
Opposition groups have suggested they would attend but cited differences with the government over the aim of the talks.
The investment firm’s net profit rose to $39.2 million for the six months ended December 31, up from $5.2 million in the same period a year ago.
The private equity firm said earlier this month that it plans to announce a new deal in early February.
The residential leasing market in the country is slowly picking up despite political instability, says report.
Standard & Poor’s has ranked the state as BBB, as has Fitch while Moody’s ranks it Baa1.
The Bahraini investment firm has acquired a stake in US-based FishNet Security for an undisclosed sum.
The operator’s profit was hit by domestic competition and one-off charges from a cost-cutting programme.