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Tamkeen and chamber review new strategy

MANAMA: Tamkeen's 2015-2017 draft strategy and the revamped Enterprise Development Support Programme came up for discussion during a key meeting of its executive management with the Bahrain Chamber of Commerce and Industry (BCCI) board of directors. During the session, Tamkeen chairman and acting chi...ReadMore

Spotlight on challenges facing businesswomen

MANAMA: Financial and economic challenges that GCC businesswomen face will be the focus of a forum set to be held next month.

Zain's share offer 'at a discount to fair value'

MANAMA: The Zain Bahrain initial public offering (IPO) price is at a discount to its fair value, according to Mubasher Financial Services.

Growth role of expo industry highlighted

MANAMA: The role of exhibition industry in strengthening Bahrain's economy was highlighted as Industry and Commerce Minister and Bahrain Exhibition and Convention Authority (BECA) chairman Dr Hassan Fakhro chaired its third board meeting yesterday.

Top business model wins award

MANAMA: A business model that uses e-marketing and e-commerce techniques to bolster a company's growth has won the Best Project Award in Tamkeen Intelaaq business consultancy competition. It was a brainchild of a five-member university students' team '“ Eman Abdul Rasool, Fatima Ebrahim, Zahra Abdullah, Hanan Al Hobeili and Jalila Malallah, who were presented with a memento during an awards ceremony held at Beit Al Quran, near the Diplomatic Area. The contest provided a 15-week training course to Bahraini students to help them advance in their careers. Five teams consisting of 39 students from Bahrain Polytechnic, Bahrain University, Royal University for Women, University College of Bahrain and India-based Symbiosis International University participated in the competition. They took on the role of company consultants in a number of organisations including Bahrain Flour Mills, Edamah, the General Organisation for Youth and Sport, Organics Cafe, Crossfit Delmon, Al Mana Group and Warren Consultants, as well as Tibra's pet store. All participants were honoured at the event, while the best team leader award was won by Ahmed Abdul Hussein and the best inter-team co-operation award went to Fatima Ali, Maasouma Yusuf, Mariam Khayri, Nura Ali and Ahmed Shuweikh.

Operational excellence 'crucial'

MANAMA: Risk reduction and maximising bottom line savings for national oil companies came under the spotlight at a key event that started yesterday.

VIVA banks on data to bolster its revenues

MANAMA: VIVA Bahrain expects data to account for at least half of revenue within two years '“ from a quarter now '“ as it seeks to counter a decline in conventional calls and texts, its chief executive said. VIVA '“ owned by Saudi Telecom Company (STC), the Gulf's biggest telecoms company by market value '“ launched in Bahrain in 2010. It became a third player in the country's already saturated market, but managed to win customers by undercutting rivals, analysts said. Operators' average revenue per user (ARPU) is falling in Bahrain, in line with global trends as customers make fewer conventional calls and texts in favour of instant messaging and Internet phone calls, which carry lower margins. However VIVA said the launch of its next-generation mobile network '“ which allows web download speeds several times faster than its predecessor 3G '“ was helping it counter the decline in ARPU by attracting more customers with high data usage. VIVA chief executive Ulaiyan Al Wetaid said data would provide 50 per cent of its revenue within two years, from 25pc now. 'Bahrain has a lot of demand for data, we're moving fast towards that point,' he said on the sidelines of a conference in Dubai yesterday. 'Revenues from data have grown significantly,' he said. Mobile broadband penetration in Bahrain was 128pc of the population at the end of 2013 '“ equating to 1.28 subscriptions per person '“ according to the industry regulator. That compared with about 27pc globally and 75pc in the developed world, according to the International Telecommunication Union. This shows some users in Bahrain have multiple phones and switch provider depending on which has the best terms for the service they want to use, fuelling price competition. Mobile broadband accounts for 90pc of all broadband use there.

Capital market rules probed

MANAMA: The Bahrain Institute of Banking and Finance in partnership with the US Securities and Exchange Commission (SEC) hosted a capital markets regulatory programme, under the patronage of the Central Bank of Bahrain. The five-day event at the Mövenpick Hotel included intensive training on the challenges facing securities regulations and tools to address them, key elements to effective enforcement, the importance of compliance, regulatory models and disclosure processes. It also focused on off-market offering fraud, supervisory processes, market manipulation, insider trading and money laundering. Participants included regulators, financial analysts, administrators and other specialists from Brunei Darussalam, Bahrain, Egypt, Malaysia, Oman, the UAE and Uganda. SEC assistant director of the office of international affairs Ester Saverson facilitated the programme along with colleagues, office of international affairs branch chief Matthew Greiner and Chicago Regional Office assistant director Daniel Gregus.

Euro Motors brands win US honours

MANAMA: Euro Motors, the exclusive dealer and distributor for luxury automotive manufacturer Jaguar Land Rover in Bahrain, has announced that the two brands have won J D Power 2014 US Automotive Performance, Execution and Layout (APEAL) Study and US News Best Car Awards.

BFC opens 40th branch

MANAMA: Bahrain Financing Company (BFC), a money transfer and foreign exchange group, yesterday announced the expansion of its retail network with the opening of a branch in Hoora.

Hyundai cars handed over

MANAMA: First Motors, the exclusive dealer of Hyundai vehicles in Bahrain, has handed over 13 Hyundai vehicles to Hertz Rent a Car, following the signing of a fleet deal.

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