MENA region to be core focus of new strategy and the aim is for Bahraini businesses to forge closer links with regional markets.
Investcorp sold the insurance industry software provider to US-headquartered Leonard Green & Partners.
Operator maintains that while occupancies in Bahrain have reduced year on year, business opportunities remain.
Capivest, Elaf Bank and Capital Management House have merged after more than a year of negotiations.
Gulf Air cited “commercial reasons” for the decision, which will place the carrier under renewed scrutiny.
The investment firm is currently in the midst of a Chapter 11 bankruptcy process.
Alba received a five-year $85 million loan from Bahrain’s Gulf International Bank and a three-year loan from a group of banks.
The country faces political problems and a hangover from banks that were affected in the global economic crisis.
The $66 million development is held up again by land issues.
Bahrain’s Takaud hopes its product will help MENA companies struggling to deal with an ageing population.
Wefaq, the leading opposition group in Bahrain, said the outcome should “be approved by the people”.
Following the resignation of the CEO of Gulf Air, Samer Majali, this week, where does the airline find itself as it approaches 2013?
The chain is in the midst of an aggressive Middle East expansion with new hotels in Jordan, Kuwait, Oman, Saudi Arabia and another property coming up in Bahrain
The annual GDP rise of 3.1 per cent was mainly due to non-oil economic activities.
Abu Dhabi National Energy Co (TAQA) has $1.75 billion in bond maturities next year.
The deal includes assets in Monaco, Maldives, the Seychelles and Channel Islands.
The US TV celebrity was in the Gulf state to launch a milkshake franchise.
Samer Majali will remain in his job until the end of 2012; no reasons have been given.
Firms in the banking and financial sector lead the list of the top companies in Bahrain.
Gasoil contracts secured at a high premium for Q1 next year. Price is labelled ‘crazy’ by traders.
Tough economic conditions and Bahrain unrest push Gulf Air to reduce fleet.
Gulf International Bank picked JP Morgan Chase, NBAD, Barclays, Standard Chartered and Societe Generale to arrange the deal.
The Bahraini telecoms firm accused Siva Ltd of not adhering to a settlement agreement over their joint venture S Tel.
The blasts in Bahrain’s capital Manama killed two workers and injured another.
The government has banned all rallies and gatherings to ensure public safety and prevent violence.
Batelco currently owns Jordanian operator Umniah and 27 per cent of Yemeni mobile firm Sabafon.
Gulf Finance House will lead the purchase of the football club’s parent company, though no dates or terms are announced.
Gulf International Bank’s bond programme is 97.2 per cent owned by the Saudi government, giving a safer level of risk.
Following the arrest and conviction of its former chief executive, Khalil Nooruddin takes the reigns.
The Bahraini telecoms operator is planning to buy the Monaco & Islands portfolio of British telecoms group CWC.