#Bahrain

Bahrain (Image: Supplied by Qatar Airways)

Qatar Airways resumes flights to Bahrain

It has commenced with a daily flight between the two destinations, and will increase it to thrice-daily services later this year

Green Corp

Bahrain’s agribusiness platform Green Corp takes a stake in Badia Farms

Established in 2016, Badia Farms’ sustainable farming techniques produce fruits and vegetables without sunlight or soil

Emirates

Emirates signs MoUs to boost tourism with Bahrain and Zambia

The agreements were signed on the final day of Arabian Travel Market

GCC central banks_CBUAE

Most GCC central banks raise interest rates tracking US Fed move

Central banks in the GCC usually track the Fed’s policy rate moves as their currencies are pegged to the US dollar

ACME

ACME’s Hussaini shares how the company empowers customers on cloud transformation journeys

A key trend now is customers’ willingness to go multiple cloud, which opens a huge opportunity for trying out new solutions

Karm Legal

Karm Legal’s Kokila Alagh on advancements in virtual assets regulation

VARA has come out with detailed regulations and rulebooks for the virtual assets sector, indicating just how fast things are moving

Bahrain unveils new visa

Bahrain unveils new ‘golden licence’ to attract investors

The new licence is part of an economic recovery plan launched by the Gulf state in October 2021 to boost investment and job creation

Bahrain GDP 2022 growth. Image by EDB

Bahrain’s economy expands by 4.9% in 2022, the fastest in a decade

The country’s non-oil sector grew by 6.2 per cent in 2022, the highest growth rate recorded over the past ten years

Bahrain

Why Bahrain remains a key player in GCC’s financial sector

The kingdom has built a financial services sector comprising more than 360 local, regional and global institutions

Investcorp Tokyo Japan

Bahrain’s Investcorp launches presence in Japan

The firm has appointed Professor Heizo Takenaka as the chairman of Investcorp Japan

UAE, Egypt, Jordan, Bahrain sign industrial deals worth $2bn

UAE, Egypt, Jordan, Bahrain sign industrial deals worth $2bn

The agreements were signed at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development, held in Amman on February 26

Bahrain named president of DCO

Bahrain assumes presidency of Digital Cooperation Organization

Mohamed bin Thamer Al Kaabi, Bahrain’s Minister of Transportation and Telecommunications, has been named as the new chairman of DCO’s council

Gulf

Gulf Islamic Investments announces an office opening in Bahrain

Gulf Ventures Capital is a part of GII’s strategy to expand its footprint in the MENA region and globally

UAE central bank raises base rate _ feb 2023

UAE central Bank raises base rate by 25 basis points

The central banks of Saudi Arabia and Bahrain also increased their interest rates after the US Federal Reserve raised its target interest rate

Carrefour Bahrain_Self Checkout

Carrefour brings self-checkout service to Bahrain

A hand-held device, simple to use with a bank card or smartphone, allows customers to scan and bag purchases

Oman

Oman Energy firm OQ to sell 49% stake in oil-drilling unit IPO

The IPO could raise as much as $500m

Savii

Women in tech: Jane Harvey, co-founder and CEO at Savii

Young girls need role models and as women operating in this space, it is incumbent to show that there is a seat for females at the table

Non-oil trade

Non-oil trade between UAE, Bahrain grows by 92% over 10 years

Their total non-oil trade exchange during the same period also amounted to Dhs188bn, with imports accounting for Dhs77.4bn

Central-Bank passes new AML guidelines for PEP

UAE Central Bank raises base rate by 50 basis points

The US Federal Reserve raised its key interest rate by 50 basis points

Service

Regional wealth management firm launches invest now pay later service

The service allows investors to start investing in private markets without funding the entire commitment from day one

Manama Bahrain

S&P turns more positive on Bahrain as oil prices surge

Among the policies welcomed by the agency were expenditure cuts and a doubling of value-added taxes in January

agreement

Bahrain’s Gulf Air, Tamkeen sign agreement to advance cooperation

The agreement aims to support the training and employment of Bahrainis

Gaurav Sharma Investcorp India

Bahrain’s Investcorp leads $67m investment in India’s Global Dental Services

This marks Investcorp’s fourth healthcare investment in India and its first in the dental industry in the country

Bahrain

Bahrain announces discovery of two new natural gas reservoirs

Additional drilling operations are scheduled to be conducted during the next two years

Mubadala Health and Mumtalakat explore potential JV

Mubadala Health, Mumtalakat consider JV to set up long-term care facility

The potential joint venture aims to to set up a long-term care and post-acute rehabilitation facility in Bahrain that will be operated by Amana Healthcare

CBUAE launches new website

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

Bahrain

Bahrain attracts $72.7m worth of investment in financial services

The financial services investments are expected to generate over 840 jobs over the next three years

Bahrain

Bahrain receives direct investments worth $98m in the ICT sector

The investments are expected to create over 770 Jobs

Bahrain

Bahrain attracts $290m in direct investment in manufacturing and logistics

The investments are expected to generate more than 1,200 jobs over the next three years

Bahrain's Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

Bahrain’s Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

The studio aims to create new highly skilled jobs in Bahrain for both local and international talent, on both its core team and at the startups it helps to launch