#Bahrain

UAE, Arab countries sign agreements to avoid double taxation

UAE signs agreements with Arab countries to avoid double taxation

The agreements seek to eliminate double taxation, additional taxes, indirect taxes, and tax evasion while addressing cross-border trade challenges

Investcorp plans 2024 listing of GCC portfolio company

Bahrain’s Investcorp plans 2024 listing of GCC portfolio company

The alternative investment firm listed Investcorp Capital on the Abu Dhabi exchange last year, defying a depressed market for IPOs

Bahrain Steel company to receive Dhs450m SLL Image Getty images

Bahrain Steel to receive $450m sustainability-linked loan from bank consortium

The SLL’s framework incentivises Bahrain Steel to exceed mandatory greenhouse gas emissions reductions, facilitating the company’s transition toward lower carbon operations

Binance Bahrain

Bahrain deports 139 workers in latest inspection crackdown

The total number of deported workers from Bahrain numbers almost 400 since the end of November 2023

Masdar

Top marks for GCC nations in digital connectivity index

Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023

S&P Global affirms positive outlook on Bahrain

Bahrain notched up 2.45% growth in third quarter of 2023

The Kingdom of Bahrain showcased healthy GDP growth for the third quarter of 2023, according to the latest statistics revealed by that country.

Huawei

Huawei holds ICT competition in Bahrain to develop tech skills

More than 27,500 students from over 600 universities across 21 Middle Eastern and Central Asian countries have participated in this year’s competition

UAE President receives Bahraini Foreign Minister

UAE President Sheikh Mohamed receives Bahraini Foreign Minister

Sheikh Mohamed expressed his best wishes to King Hamad and Bahrain and its people for continued development and growth

UAE ISRAEL BAHRAIN ABRAHAM ACCORDS Image courtesy: Getty Images

Abraham Accords: Bahrain suspends ties with Israel

Bahrain’s government confirmed that its ambassador to Israel had been asked to return

Flynas confirms new routes to Brussels and Bahrain (Image: Supplied by Flynas)

Flynas confirms new routes to Brussels and Bahrain

It will operate seven weekly flights to Bahrain from Riyadh, and thrice-weekly services to Brussels from Jeddah

Gulf Air to begin flights to China in 2024 (Image: Supplied by Gulf Air)

Gulf Air to begin flights to China in 2024

Bahrain’s national carrier will commence operations to the Asian country in January

CITYSCAPE BAHRAIN

Cityscape Bahrain set to return in November 2023

The event highlights the country’s commitment towards accelerating the growth and development of the real estate sector

Bahrain News Agency

Bahrain announces public holiday for Prophet Muhammad’s birthday

The kingdom’s ministries, state departments and public institutions will be closed on September 27

UAE ISRAEL BAHRAIN ABRAHAM ACCORDS Image courtesy: Getty Images

Abraham Accords: Marking the third anniversary of the historic agreement

Experts believe the third anniversary of the Abraham Accords is the most significant one yet

Israel bahrain talks

Israel opens new embassy in Bahrain to boost economic, cultural ties

The Israeli foreign minister’s visit to Bahrain coincides with the third anniversary of the establishment of diplomatic relations between the two countries

Bahrain residency permit: Expats can enable renewal when overseas image Getty Images

Bahrain residency permit: Expats can enable renewal when overseas

The residency and work permit can be renewed through Bahrain’s Expatriate Management System or official Labour Market Regularly Authority channels

UAE President Sheikh Mohamed - Jordan visit - 66ca77b8-2d18-48a4-a91b-0df49fcaa945

UAE President Sheikh Mohamed in Jordan following Bahrain visit

Sheikh Mohamed’s trip is intended to bolster long-standing ties between the UAE and Jordan

Aldar boosts education portfolio investment to $368m

Aldar boosts investment in education portfolio to $368m

The expansion plan includes the establishment of Cranleigh Bahrain and the acquisition of Kent College Dubai and Virginia International Private School in Abu Dhabi

Open banking is a door to innovation

Open banking: A door to innovation and growth

Open banking is giving banks in the MENA region the opportunity to expand their ecosystems, reach and balance sheets

Abu Dhabi Grand Prix

2024 Abu Dhabi Grand Prix dates revealed

The official announcement from Formula One Management confirmed that the Abu Dhabi track will host the final race of the season

Saturday night F1 race Bahrain

Bahrain to host first-ever Saturday night F1 race to kick off 2024 season

The Formula 1 Gulf Air Bahrain Grand Prix will take place from February 29 to March 2

Investcorp invests $100m in communications firm SEC Newgate

Bahrain’s Investcorp invests $100m in communications firm SEC Newgate

The transaction is expected to close between the third and fourth quarter of 2023, subject to regulatory approvals

Fraser Suites Al Liwan Bahrain (Image: Supplied by Frasers Hospitality)

Frasers Hospitality to open third serviced apartment project in Bahrain

Fraser Suites Al Liwan Bahrain will offer 63 units and will welcome its first guests in the fourth quarter of 2023

Bahrain’s Al Salam Bank acquires majority stake in Algerian unit

Bahrain’s Al Salam Bank acquires majority stake in Algerian unit

The plans to further support its Algerian business to accelerate its growth and capture new pockets of opportunities within the country and the wider region

Bahrain grants golden licences to five investment projects

Bahrain grants golden licences to five investment projects worth over $1.4bn

The licence scheme will enhance the country’s competitiveness and boost growth while encouraging the digital transformation of the economy

S&P Global affirms positive outlook on Bahrain

S&P Global affirms rating, positive outlook on Bahrain

The country’s fiscal and debt positions strengthened in 2022 on the back of higher oil prices and budget consolidation measures

Bahrain (Image: Supplied by Qatar Airways)

Qatar Airways resumes flights to Bahrain

It has commenced with a daily flight between the two destinations, and will increase it to thrice-daily services later this year

Green Corp

Bahrain’s agribusiness platform Green Corp takes a stake in Badia Farms

Established in 2016, Badia Farms’ sustainable farming techniques produce fruits and vegetables without sunlight or soil

Emirates

Emirates signs MoUs to boost tourism with Bahrain and Zambia

The agreements were signed on the final day of Arabian Travel Market

CBUAE - interest rate

Most GCC central banks raise interest rates tracking US Fed move

Central banks in the GCC usually track the Fed’s policy rate moves as their currencies are pegged to the US dollar