#Bahrain

Gulf

Gulf Islamic Investments announces an office opening in Bahrain

Gulf Ventures Capital is a part of GII’s strategy to expand its footprint in the MENA region and globally

UAE central bank raises base rate _ feb 2023

UAE central Bank raises base rate by 25 basis points

The central banks of Saudi Arabia and Bahrain also increased their interest rates after the US Federal Reserve raised its target interest rate

Carrefour

Carrefour brings self-checkout service to Bahrain

A hand-held device, simple to use with a bank card or smartphone, allows customers to scan and bag purchases

Oman

Oman Energy firm OQ to sell 49% stake in oil-drilling unit IPO

The IPO could raise as much as $500m

Savii

Women in tech: Jane Harvey, co-founder and CEO at Savii

Young girls need role models and as women operating in this space, it is incumbent to show that there is a seat for females at the table

Non-oil trade

Non-oil trade between UAE, Bahrain grows by 92% over 10 years

Their total non-oil trade exchange during the same period also amounted to Dhs188bn, with imports accounting for Dhs77.4bn

Central-Bank passes new AML guidelines for PEP

UAE Central Bank raises base rate by 50 basis points

The US Federal Reserve raised its key interest rate by 50 basis points

Service

Regional wealth management firm launches invest now pay later service

The service allows investors to start investing in private markets without funding the entire commitment from day one

Manama Bahrain

S&P turns more positive on Bahrain as oil prices surge

Among the policies welcomed by the agency were expenditure cuts and a doubling of value-added taxes in January

agreement

Bahrain’s Gulf Air, Tamkeen sign agreement to advance cooperation

The agreement aims to support the training and employment of Bahrainis

Gaurav Sharma Investcorp India

Bahrain’s Investcorp leads $67m investment in India’s Global Dental Services

This marks Investcorp’s fourth healthcare investment in India and its first in the dental industry in the country

Bahrain

Bahrain announces discovery of two new natural gas reservoirs

Additional drilling operations are scheduled to be conducted during the next two years

Mubadala Health and Mumtalakat explore potential JV

Mubadala Health, Mumtalakat consider JV to set up long-term care facility

The potential joint venture aims to to set up a long-term care and post-acute rehabilitation facility in Bahrain that will be operated by Amana Healthcare

CBUAE launches new website

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

Bahrain

Bahrain attracts $72.7m worth of investment in financial services

The financial services investments are expected to generate over 840 jobs over the next three years

Bahrain

Bahrain receives direct investments worth $98m in the ICT sector

The investments are expected to create over 770 Jobs

Bahrain

Bahrain attracts $290m in direct investment in manufacturing and logistics

The investments are expected to generate more than 1,200 jobs over the next three years

Bahrain's Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

Bahrain’s Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

The studio aims to create new highly skilled jobs in Bahrain for both local and international talent, on both its core team and at the startups it helps to launch

Israel

Calev’s newsroom: How Israel and the Gulf are cooperating on defence

The growing level of cooperation has been set in motion by the Abraham Accords

Low-cost carriers

How regional low-cost carriers are flying high amid travel recovery

The Middle East’s budget carriers are cashing in on the growing trend for affordable luxury and increasing demand

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities

Bahrain launches Solar PV tender - pexels-pixabay-356036

Bahrain ministry launches tender for 72 MW solar plant

The tender seeks to build solar panels in the Bahrain International Circuit, University of Bahrain, Bahrain International Exhibition & Convention Centre and Al Dana Amphitheatre

GFH announce H1 2022 results: Ghazi Al Hajeri, Hisham Al Rayes

GFH Financial Group net profit attributable to shareholders rises 13.9% to $42.18m

Total income for H1 2022 was $182.76m versus $181.01m for the 2021 period, an increase of 1 per cent

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air will commence services to Ras Al Khaimah on October 3 with two weekly flights

Bahrain opens preregisteration for monkeypox vaccine

Bahrain opens pre-registration for voluntary monkeypox vaccine

The vaccine will be administered to priority groups as per the set health protocols, including frontline health workers and those at high risk of exposure

Bahrain joins Industrial Partnership for Sustainable Economic Development in Cairo

Bahrain joins Industrial Partnership for Sustainable Economic Development

The partnership aims to establish large joint industrial projects, create job opportunities and contribute to increasing economic output between the partner countries

Mclaren

McLaren raises $150m from shareholders with cash low

Shareholders include Bahrain’s sovereign wealth fund Mumtalakat, investment firm Ares Management Corporation and Saudi Arabia’s Public Investment Fund

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

The agreements were signed with the Electricity and Water Authority in Bahrain

Cloud

Why some organisations are still reluctant to move to cloud

Bahrain Economic Development Board’s Musab Abdulla shares how disruptive technologies like cloud computing are impacting today’s innovations

Israel

Calev’s newsroom: Building bridges between UAE and Israel

The highlight of the relationship between Israel and the UAE is not its economic or political aspects, but rather the human side