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BAHRAIN

Bahrain supports Pompeo’s list of demands for Iran

Monday, 21 May 2018

Bahrain’s Foreign Ministry has said it affirms full support for the United States’ strategy toward Iran after America’s top diplomat threatened to impose the “strongest sanctions in history” against Tehran if the country’s leadership did not change the course of its foreign and domestic policy.“Pompeo’s [strategy] which reflects the determination to confront the danger of Iranian policies that undermine security and stability in the region and to ...

IMF: Bahrain fastest growing among Gulf economies

Sunday, 20 May 2018

An economic report issued by the International Monetary Fund (IMF) has said that Bahrain’s economy will remain the fastest growing economy among the GCC countries in 2018, after real GDP grew by 3.9 percent last year as the non-oil economy grew by 5 percent, according to the Economic Development Board (EDB) of the Kingdom Bahrain. This comes as Bahrain’s economy is experiencing strong performance indicators thanks to the non-oil sector led by tourism, a strong pipeline for ...

Bahrain strips 115 of nationality over ‘terrorism’

Tuesday, 15 May 2018

A court in Bahrain revoked the citizenship of 115 people and gave 53 of them life sentences on terrorism charges, the public prosecutor said on Tuesday. Authorities in Bahrain have accused scores of people of militancy in a series of mass trials, saying the defendants are backed by Iran.

Bahrain launches $1 bln energy fund

Thursday, 10 May 2018

Bahrain’s government has launched an energy fund that aims to raise $1 billion from local, regional and international investors to develop the kingdom’s energy assets, Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa said on Thursday. The Bahrain Energy Fund will receive its initial capital from local entities including Nogaholding, the investment arm of Bahrain’s National Oil and Gas Authority, as well as from investment banks Osool and SICO, according to the ...

Bahrain EDB chief says country to expect VAT implementation in 2019

Wednesday, 9 May 2018

Manama - The CEO of the Bahrain Economic Development Board, Khalid al-Rumaihi, confirmed to Al Arabiya on the sidelines of the Gulf Gateway investors conference that VAT is going to be applied in the Kingdom at the beginning of the coming year.Rumaihi also said that the recent discovered field in his country which is of 80 billion barrels production would be doubled and pointed out that it would not change the direction of the Bahraini economy.The head of Bahrain’s Economic Development ...

Transport minister confirms Bahrain-Saudi bridge project to cost $4 bln

Wednesday, 9 May 2018

Manama - In an interview with Al Arabiya on the sidelines of the Gulf Gateway investors conference, Bahrain’s Minister of Transportation and Telecommunications Engineer Kamal bin Ahmed Mohammed revealed that the cost of a new bridge project between Bahrain and Saudi Arabia would cost $4 bln.The minister confirmed that the work on project is under way to finalize the tender papers while stressing that the bridge would be fully funded by the private sector.Saudi Arabia and Bahrain agreed to ...

Bahrain’s Gateway Gulf to showcase $26 bln of infrastructure projects

Tuesday, 8 May 2018

Regional projects in the planning phase worth up to $26 bln will be on showcase during the first Gateway Gulf event being held in Bahrain. The event, which will take place between May 8-10 at the Four Seasons Hotel in Bahrain Bay, and will bring together over 500 global investors and business leaders to explore ways of unlocking the opportunities being created by the economic transformation in the GCC. Ahead of the event, Bahrain Economic Development Board’s Chief Executive Khalid Al ...

Bahrain’s GFH Financial hires GIB to seek Saudi listing

Sunday, 6 May 2018

Bahrain-based investment firm GFH Financial Group has hired Gulf International Bank to help it seek a cross-listing on Saudi Arabia’s stock market, it said on Sunday. GFH disclosed plans last year to seek a listing on Saudi Arabia’s stock exchange (Tadawul) as part of a strategy to participate in Saudi Arabia’s privatization program in sectors such as education and healthcare. GFH said in a statement on Sunday that the move was subject to the approvals of the Bahrain central ...

No excuse for our ignorance in an information age

Sunday, 6 May 2018

I understand that people could be deceived at times when information takes decades to be revealed to the public. I understand that people could be driven towards the unknown due to rare sources of information, slow communications and the absence of truth due to a massive amount of falsehood, ambiguity and the absence of information that would take decades to be revealed and published – and which even when published by western media, it needs another decade to reach people in the Arab world ...

Sawsan Al Shaer

Bahrain, UAE support Morocco’s decision on severing ties with Iran

Wednesday, 2 May 2018

United Arab Emirates Minister of State for Foreign Affairs Anwar Gargash said the UAE supports Morocco’s decision to sever its ties with Tehran after it was proven that it interfered in its internal affairs. “We stand with Morocco in its concern over its national causes and against Iranian interferences in its domestic affairs. Our orientation in support of Morocco is a historical legacy which was established by Sheikh Zayed and King Hassan, may they rest in peace, and our stance is ...

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