GFH awards $150m construction contract to Chinese company for Dubai project
July 23, 2018

Bahrain's GFH Financial Group awarded a contract worth about $150 million (Dh552m) to a Chinese engineering company for construction and financing of its Dubailand project amid an influx of business deals between China and the UAE.

GFH awarded the engineering, procurement and contracting deal to state-owned China Machinery and Engineering Corporation (CEMC) to handle 85 per cent of its California Village project, the Manama-based company said in"...

Secretary General of AhlulBayt World Assembly, Sheikh Isa Qassim hold phone conversation
July 23, 2018

Hujjat al-Islam Akhtari, Secretary General of AhlulBayt (AS) World Assembly, contacted the Ayatollah Isa Ahmad Qassim, Bahraini member of the Supreme Council of the AhlulBayt (AS) World Assembly and informed of his health condition.

In this phone call which was on Sunday the Secretary General of AhlulBayt (AS) World Assembly called Sheikh Isa Qassim a religious and social prestige in the Islamic world and added: 'Your existence is a blessing to Islam and Muslims.'

Considering the imminent surgery"...

Bahrain's Ithmaar Holding discloses exposure to embattled Abraaj Group
July 23, 2018

Bahrain's Ithmaar Holding has declared its exposure to private equity firm Abraaj Group, adding to the list of financial institutions with direct or indirect financial ties to the embattled firm facing allegations of misusing investors' funds.

Ithmaar Holding, the financial institution listed in Bahrain, Kuwait and Dubai, has stakes in Abraaj Holding and various Abraaj-related funds, directly and through its subsidiaries, it said on Sunday in"...

Bahrain airport adds 12 new destinations to network
July 23, 2018

Twelve new routes have been added by various airlines operating out of Bahrain International Airport (BIA), bringing BIA’s total number of destinations up to 53, said a report.

BIA also recently welcomed the arrival of Azerbaijan’s flag carrier, Azerbaijan Airlines, following the commencement of its direct service between Baku and Bahrain. The airline now operates a service twice a week between Heydar Aliyev International Airport and BIA, local news agency ...

HSBC, Credit Suisse to advise on Kuwait's KFH, Bahrain's AUB talks
July 23, 2018

HSBC and Credit Suisse have been selected to advise on a possible merger between Ahli United Bank (AUB) and Kuwait Finance House (KFH), AUB said on Sunday.

A merger between Bahrain’s largest bank and Kuwait’s biggest Islamic lender would be the first cross-border tie-up between Gulf banks in recent years at a time when several other banks are consolidating.


VMware approves NGN training unit
July 23, 2018

NGN Training Center, a Bahrain-based training unit and a part of leading systems integrator and IT consulting company NGN International, has announced that it has become a VMware Authorised Training Center in the VMware Partner Network in Bahrain. VMware certification offers tremendous growth opportunities for IT professionals interested in virtualisation and cloud solutions, said a statement from the company.