Hot News Headlines


SNIC-Copart in key deal

MANAMA: The Saudi National Insurance Company (SNIC) has entered into a key agreement with Copart Bahrain.

The agreement aims to raise the efficiency of the marketing process of salvaged vehicles resulting from the settlement of total loss claims.

The signing ceremony was attended by Cop...ReadMore

Mubasher opens new office in Seef

MANAMA: Mubasher Financial Services, one of the leading financial institutions in the Middle East, has opened a new state-of-the-art office in Bahrain.

Work on $30 million new Sitra showroom on track

MANAMA: Work on a new $30 million Jaguar Land Rover showroom in Sitra is well underway and is expected to be complete towards the end of the year.

Hotel wins key business award

MANAMA: InterContinental Regency Bahrain, one of the leading five-star hotels in the kingdom, has won the Business Traveller Middle East Award for the Best Business Hotel in Manama 2015.

Gulf Air signs key deal

MANAMA: Bahrain's national carrier Gulf Air has entered into a key Special Prorate Agreement (SPA) with Russian carrier S7 Airlines.

New BCMS office set to meet demands of SMEs

MANAMA: International mergers and acquisitions adviser BCMS yesterday announced the launch of its new office in Bahrain to meet the growing demand for small and medium enterprises (SMEs) owners keen to sell their business to overseas corporate buyers.

Almarai approves $5.6 billion key capex plan

DUBAI: The board of Saudi Arabia's Almarai has approved a capital investment plan which will reach 21 billion riyals ($5.6bn) in the next five years, it said yesterday.

US business spending boost

WASHINGTON: A gauge of US business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a long spell of weakness.

Samena eyes stake

DUBAI: Dubai-based Samena Capital will purchase an up-to-40 per cent equity stake in Kleinwort Benson's UK-based private bank unit, the private equity firm said yesterday, as it aims to augment its product offering to include merchant banking.

Yusuf named managing director

MANAMA: The Seef board has appointed Ahmed Yusuf as the managing director of the company effective from Monday.

BCCI event set

MANAMA: Key speakers from the Industry and Commerce Ministry, GPIC and Alba will take part in the Business Roundup programme organised by Bahrain Chamber of Commerce and Industry's (BCCI) SMEs Development and Support Centre on  Sunday at the chamber's premises. 

IPO allocations to be raised

DUBAI: Saudi Arabia's stock market regulator said it would raise the proportion of shares allocated to institutional investors in initial public offering (IPO) as it aimed to reduce volatility in the market.

Qatar eyes flight slot terms on contracts

AMSTERDAM: In handing out lucrative public procurement contracts, Qatar is likely to favour countries whose airports grant take-off and landing slots to state-owned Qatar Airways, its chief executive said yesterday.

DAE to sell StandardAero

DUBAI: Leasing firm Dubai Aerospace Enterprise (DAE) has agreed to sell StandardAero, an engine maintenance, repair and overhaul company, to an affiliate of private equity firm Veritas Capital, it said in a statement yesterday.

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