Bahrain

GCC urged to reduce dependence on commodities

GCC urged to reduce dependence on commodities

GCC economies must invest in exports to reduce dependence on commodities Falling oil prices will pose a challenge to GCC hydrocarbon exporters unless governments step up their diversification efforts and develop more export industries, according to a new report by ICAEW. In its latest quarterly Economic Insight report, produced by its partner, […]

 
 

Challenges remain for doing business in GCC

Challenges remain for doing business in GCC

EIU’s report on Business Environment in GCC Countries indicates quite a revelation even as the region continues to display positive economic trends As country after country across the globe found itself plummeting from the pedestal of business and economic security, it looked as if the Middle Eastern countries – most […]

 
 

IATA Report Indicates Stronger Aviation Demand in the Middle East

IATA Report Indicates Stronger Aviation Demand in the Middle East

Statistics for commuter traffic for February, released by the International Air Transport Association (IATA), showed a surge in the demand for the aviation transportation with a percentage increase of about 5.4 percent. This increase has been placed in context to the commuter traffic trend for February, in the previous year. […]

 
 

Rotana Jet introduce Bahrain to Abu Dhabi flights

Rotana Jet introduce Bahrain to Abu Dhabi flights

Rotana Jet continues Middle East expansion with flights to Bahrain, from Abu Dhabi. Twice-weekly flights connect Kingdom of Bahrain with Abu Dhabi’s Al Bateen Airport. Rotana Jet today announced twice-weekly flights between Abu Dhabi Al Bateen Airport and the Kingdom of Bahrain. Kingdom of Bahrain marked the second International destination […]

 
 

Dilmunia at Bahrain sold out, in one day

Dilmunia at Bahrain sold out, in one day

“You can print money, manufacture diamonds, and people are a dime a dozen, but they’ll always need land. It’s the one thing they’re not making any more of.” — Lex Luther, in Superman Returns, back in 2006. Looks like Lex Luther was debating upon the simple economic laws of demand […]

 
 

Gulf Air achieves turnaround

Gulf Air achieves turnaround

Half-year results show that restructuring efforts at Gulf Air are bearing fruit as the struggling airline posts strong financial and operational performance. Led by the new Chairman Shaikh Khalid bin Abdulla Al Khalifa, Gulf Air has recorded its best first half-year results, cutting overall losses by more than 50 percent […]

 
 

Bahrain EDB reports a strong decade of growth

Bahrain EDB reports a strong decade of growth

A new government report celebrates the success of tourism, services and telecommunications sectors driving the growth of Bahrain’s economy over the last decade. Titled Drivers of Economic Growth 2000-2011 the report by Economic Development Board (EDB) highlights the country’s strong growth performance in the 2000-2011 time frame. During this period, Bahrain […]

 
 

Bahrain Real Estate on recovery path

Bahrain Real Estate on recovery path

Office and residential rental rates remain stable with renewed interest in commercial sales transactions Bahrain’s economic growth showed positive signs in the first quarter as oil outputs were revived; employment in the kingdom also rose significantly over the last year, largely on the back of a programme of real estate/infrastructure […]

 
 

Bahrain needs economic reforms

Bahrain needs economic reforms

Official data suggests that Bahrain is struggling to cope with its widening budget deficit, which has now grown to about 2 percent of GDP in 2012. During 2012, the country’s deficit swelled seven times to BD227 million (USD 601 million). Even though this figure was much lower than the initially […]

 
 

Productivity Growth key for Bahrain Economy

Productivity Growth key for Bahrain Economy

According to Dr. Jarmo Kotilaine, Chief Economist at the Bahrain Economic Development Board (EDB) sustained economic growth in Bahrain is possible via productivity growth in the trade sector. Speaking at a seminar hosted by the EDB and the Centre for Research at Bahrain Institute for Banking and Finance (BIBF) Dr. Kotilaine explained […]

 
 

Bahrain delays auction of 4G spectrum

Bahrain delays auction of 4G spectrum

  Bahrain’s plans to make significant improvements to the kingdom’s communications infrastructure received a setback as a court has ordered a halt to the bidding process for the 4G radio spectrum. The auction of radio spectrum for next-generation telecom networks has been held up due to an appeal by a […]

 
 

Japan and Bahrain forge closer economic ties

Japan and Bahrain forge closer economic ties

Japan and Bahrain have signaled their intention to forge closer ties and promote mutual cooperation, signing thirteen memorandums of understanding regarding their respective economies. These agreements will encourage economic cooperation and joint investment between the two countries in the fields of healthcare and pharmaceuticals, education and training, oil and gas, […]

 
 

Defunct Bahrain Air’s CEO speaks up

Defunct Bahrain Air’s CEO speaks up

Amid the spectacular success stories of Etihad Airways, Emirates Airline and Qatar Airways in the Middle East aviation industry, the Bahrain Air debacle stands out. Last month, stakeholders in Bahrain Air made a final call to suspend airline operations and file for voluntary liquidation. Since its launch, Bahrain Air had […]

 
 

Housing shortage crisis deepens in Bahrain

Housing shortage crisis deepens in Bahrain

The housing crisis in Bahrain has hit a new peak, with new figures suggesting that almost half of all Bahrainis have been on a government waiting list for state-provided housing for around two decades. According to a government source, an estimated 54,000 requests for government housing are still pending for […]

 
 

Gulf Air and union in stand-off

Gulf Air and union in stand-off

Gulf Air, the Bahrain-based carrier, is undertaking drastic measures to restructure operations and cut jobs to revive competitiveness. The company’s plan to lay-off about 15 per cent of it’s staff and close four more routes in January have annoyed the union which represents airline staff. In recent years, the airline […]

 
 

Bahrain Ranked Middle East’s Top Economically Free Country

Bahrain Ranked Middle East’s Top Economically Free Country

Bahrain has been ranked as the Middle East’s top economically free country. According to the annual Index of Economic Freedom published by The Heritage Foundation and the Wall Street Journal, Bahrain remains the Middle East / North Africa’s (MENA) region’s most economically free country, ranked 1st out of 15 countries. […]

 
 

Bahrain: Cybersex crimes to be criminalized

Bahrain: Cybersex crimes to be criminalized

  The Kingdom of Bahrain is mulling a new law that would make cybersex crimes punishable and could lead fines of up to USD 260,000. The law is targeted against internet users who attempt to extort money from young women by threatening to upload their private photos onto pornographic sites. […]

 
 

Arabian Gulf lost billions of dollars due to wars – Bahrain home minister

Arabian Gulf lost billions of dollars due to wars – Bahrain home minister

Bahraini Minister of Interior Sheikh Rashid bin Abdulla Al Khalifa said on Tuesday the ‘Arabian Gulf’ suffered losses of more than $100 billion as a result of the first and second Gulf Wars, and getting classified as a ‘region of instability’. Speaking at a conference titled ‘Security of the Arabian […]

 
 

Bahrain Central Bank mulls issuing $1.25bn bond in June

Bahrain Central Bank mulls issuing $1.25bn bond in June

A Bahraini central bank official said on Wednesday it is planning to issue a $1.25 billion bond in the second or third week of June. The official told Reuters on condition of anonymity that the conventional bond will have a tenor between seven and 10 years. He hoped that this will […]

 
 

Prince Alwaleed moves Rotana, Alarab news channel HQ to Bahrain

Prince Alwaleed moves Rotana, Alarab news channel HQ to Bahrain

Bahraini government has signed agreements with Saudi tycoon Prince Alwaleed bin Talal paving the way to move his Rotana news and entertainment company from Cairo to the Gulf island state, the official Bahrain News Agency reported on Wednesday. The move comes at a time when Prince Alwaleed is set to […]

 
 

Bahrain to invest $15 billion on oil, gas sector development

Bahrain to invest $15 billion on oil, gas sector development

Bahraini Oil Minister Abdul Hussein Ali Mirza announced Monday plans to invest $15bn to develop crude oil and natural gas resources during the next two decades. The island state wants to expand its gas-output capacity to 2.7bn cubic feet per day by 2024, the oil minister said during an oil […]

 
 

Bahrain budget deficit increased 5-fold in last 10 years: Finance Minister

Bahrain budget deficit increased 5-fold in last 10 years: Finance Minister

A senior Bahraini government official revealed the country’s budget deficit has ballooned up to five-times in the last 10 years. He added that the figure stood at 1.8% in 2002 and is expected to reach around 9.7% by the end of this year. Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa […]

 
 

3BL Associates Announces Wharton Partnership for Business Survey

3BL Associates Announces Wharton Partnership for Business Survey

PRESS RELEASE Manama, Bahrain: 3BL ‘Triple Bottom Line’ Associates (3BL)— a Bahrain-based social impact consultancy and think-do-tank, has announced a media partnership with Arabic [email protected], the online journal of the Ivy League Wharton School of Business, for the first annual Bahrain Responsible Business Survey. The Bahrain Responsible Business Survey, which […]

 
 

Bahraini parliament mulling Gulf Air’s future

Bahraini parliament mulling Gulf Air’s future

Bahraini government has warned parliament’s rejection of a 664.3 million Bahraini dinar ($1.74 billion) payment to Gulf Air could ground the national carrier for good. Finance Minister Sheikh Ahmad Bin Mohammad Al Khalifa and Transportation Minister Kamal Ahmad urged leading members of both chambers of parliament to take prompt action […]

 
 

Bahrain suggests $100 per barrel as ‘reasonable’ global oil price

Bahrain suggests $100 per barrel as ‘reasonable’ global oil price

Bahraini Minister of Energy Abdul Hussein Mirza said in an interview that $100 per barrel is reasonable price for crude oil. Mirza, interviewed by state-controlled Kuwait News Agency (KUNA), explained that states are investing heavily into the energy sector as time of easy drilling is long gone. Therefore, a fair […]

 
 

3BL Associates Launches First Annual Bahrain Responsible Business Survey

3BL Associates Launches First Annual Bahrain Responsible Business Survey

PRESS RELEASE 3BL Associates Launches First Annual Bahrain Responsible Business Survey Manama, Bahrain: 3BL ‘Triple Bottom Line’ Associates (3BL)— a Bahrain-based social impact consultancy and think-do-tank, will be conducting the first annual Bahrain Responsible Business Survey to identify the understanding of responsible business, and the level of corporate social responsibility […]

 
 

RIM Introduces the New BlackBerry Bold 9790 Smartphone in Bahrain

RIM Introduces the New BlackBerry Bold 9790 Smartphone in Bahrain

8 January 2012, Bahrain – Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM) today announced the launch of the new BlackBerry Bold 9790 smartphone in Bahrain. The powerful BlackBerry Bold 9790 features a compact design and offers users a fully loaded, high performance smartphone with the dual benefits of a […]

 
 

RIM launches the new BlackBerry Curve 9380 in Bahrain

RIM launches the new BlackBerry Curve 9380 in Bahrain

06 December, 2011, Manama, Bahrain Research In Motion (NASDAQ: RIMM; TSX: RIM) today announced the availability of the new BlackBerry Curve 9380 smartphone in Bahrain, the first-ever BlackBerry Curve smartphone with a touch display. This sleek and stylish new smartphone continues to deliver the powerful social experiences, ease-of-use and […]

 
 

Bahrain approves freedom of speech

Bahrain approves freedom of speech

The year 2011 has shown that revolutions are not events which are read in history books, but which can be witnessed live right in our backyard. The Arab Spring has opened the doors for pro democracy movements around the world. Well the result of such movements leads to charges and […]

 
 

Bahraini Experts Leading Groundbreaking Study for Heart Health in the Gulf

Top cardiologists from Bahrain traveled to Dubai to kick-off Gulf COAST, first-of-its-kind study focusing on Gulf citizens, to address questions about heart disease, the regions #1 killer On November 25 and 26, Bahraini cardiology experts took part in a meeting in the UAE for the Gulf COAST Investigator Meeting, to […]

 
 

Bahrain economy lost up to $2bn due to unrest

Bahrain economy lost up to $2bn due to unrest

Bahrain stand to lose up to $2bn due to the severe political unrest that has hit the state since February, says the head of the country’s chamber of commerce. The Shi’ites have long complained of government neglect and discrimination. Discontent has been expressed in on-and-off unrest since the mid-1990s. Shi’ites […]