Hot News Headlines

Armacell seeks Bahrain investment opportunity

MANAMA: A high-level delegation from Armacell, a world leader in the market for flexible technical insulation material, has discussed investment opportunities with Transportation Minister and Economic Development Board (EDB) acting chief executive Kamal Ahmed.

Company officials were briefed on ...ReadMore

International eGovernment Forum a major success...

MANAMA: The Bahrain International eGovernment Forum 2014 was declared a major success as more than 5,000 delegates and 67 leading speakers took part in the seventh edition of the event.


MANAMA: A feasibility study is currently underway that may see an expansion of Bahrain's natural gas production facilities, a top official has said.

KHCB opens Zinj branch in new push

MANAMA: Bahrain-based Islamic retail bank Khaleeji Commercial Bank (KHCB) yesterday opened its eighth branch in the kingdom, in the Zinj area, with the top management announcing plans to open three more branches over the next few years.

Kingdom ranks high on network readiness index

MANAMA: Bahrain has been ranked high in an annual global technology survey for network readiness index 2014.

BCCI to host meeting on customs rules

MANAMA: The Bahrain Chamber of Commerce and Industry (BCCI) yesterday announced it will host an open meeting with all stakeholders on new customs procedures and documentation.

Arabal conference lined up

MANAMA: Alba will host the 18th International Arab Aluminium (Arabal) Conference in November this year under the theme - "GCC: An aluminium power house".

Bank reports 27 per cent jump in profit

DUBAI: First Gulf Bank (FGB), the second-largest lender by market value in the UAE, posted a 27 per cent jump in first-quarter net profit yesterday, becoming the latest UAE bank to post strong quarterly profit growth.

Dubai group set to repay $319m debt

DUBAI: Dubai Holding Commercial Operations Group (DHCOG), part of a conglomerate owned by the emirate's ruler, will repay $319 million of debt more than 18 months early.

New CrediMax service unveiled

MANAMA: Credit card issuer CrediMax has announced the launch of a service that allows customers the option of paying for purchases in their currency of choice.

STC picks banks for debut sukuk

DUBAI: Saudi Telecom Company (STC), the Gulf's biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond offer.

Dubai upbeat after Islamic bond success

DUBAI: Dubai's government hopes its first 15-year sukuk issue - an unusually long tenor for an Islamic bond - will pave the way for long-term debt sales by its state companies, the Department of Finance said yesterday.

Spotlight on project management

MANAMA: Kerala Engineers Forum is organising a conference on project management as part of its tech talks series.

Bahrain companies 'to see earnings grow 10pc'

MANAMA: Kuwait Financial Centre (Markaz) expects earnings of Bahrain companies to grow by 10 per cent this year.

Investcorp opens UAE office in expansion push

MANAMA: Bahrain Bourse listed Investcorp, an alternative investment manager, has opened a new representative office in Abu Dhabi.

UK budget deficit falls to new low

LONDON: Britain's hefty budget deficit has fallen to its lowest since the financial crisis, official data showed yesterday, helping the government argue it is delivering on a key economic pledge a year before a national election.

Oman raises $530 million from sale of stake in firm

DUBAI: Oman's government raised nearly 204 million rials ($530m) from its sale of a 19 per cent stake in Omantel, part of efforts to revive its privatisation programme, a Muscat bourse statement said yesterday.

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