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NIIT to promote major programme for women

MANAMA: Bahrain's National Institute of Industrial Training (NIIT) will promote its Fanniya Apprenticeship Programme at Gulf Industry Fair (GIF) 2015.

Through its vision of 'Empowering Females in the Industrial Field,' NIIT has developed a new series of initiatives called 'Fanniya' whi...ReadMore


Key Tenmou-backed app raises $300,000 funding

MANAMA: Tenmou, Bahrain's first 'Business Angels' company, yesterday announced that 'eat' '“ an app that allows users to create restaurant reservations online, has raised $300,000 in the second round of funding.

Key financial system helps avoid budget overspending

MANAMA: The Finance Ministry has said its Central Financial System (CFS) enables the avoidance of spending that exceeds allocated budgets.

Rewards programme launched

MANAMA: Citi Bahrain has launched a rewards programme giving its local credit card customers access to merchandise from across the globe.

Bateel agrees partnership

DUBAI: Bateel, which makes chocolate-covered dates and other delicacies, has agreed a partnership with L Capital Asia, a luxury goods-focused private equity firm backed by LVMH Moët Hennessy Louis Vuitton.

Youth urged to work in hospitality

MANAMA: InterContinental Regency Bahrain's newly appointed hotel manager Mohammed Sanad, a Bahraini national, has called on more Bahraini youth to work in the hospitality industry.

Qatari group set to win battle for Canary Wharf

LONDON: A Qatari-led consortium looked set to win its long-running battle to buy Songbird Estates yesterday after the owner of London's Canary Wharf business district dropped its opposition to the $4 billion offer.

Shell in $11bn Iraq accord

BAGHDAD: Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al Esawi said yesterday.

Property demand to grow

RIYADH: Saudi Arabia's Emaar the Economic City (EEC) expects demand for its industrial and residential property to grow this year as companies increase investment despite the plunge of oil prices, a top executive said.

NBAD sees tougher year over lower oil price

ABU DHABI: National Bank of Abu Dhabi (NBAD) is expecting a tougher 2015 as lower oil prices hit economic growth and growing competition squeezes profit margins, the head of the UAE's largest lender by assets said yesterday.

FGB net profit rises 13pc

ABU DHABI: First Gulf Bank (FGB), the third-largest lender in the UAE by assets, beat analysts estimates yesterday after posting a 13 per cent rise in fourth-quarter net profit.

Zain mulling towers sale

DUBAI: Kuwaiti telecom operator Zain has appointed advisers to study the potential sale of its transmitter towers in some of the eight markets in which it operates, the company said yesterday.

Bank expands ATM network

MANAMA: Al Baraka Islamic Bank has announced the installation of a new ATM in the American Mission Hospital in Central Manama, taking the total number of its ATMs to 21.

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