Hot News Headlines

EDB in deal to boost Japanese trade ties

MANAMA: The Economic Development Board of Bahrain (EDB) has signed a memorandum of co-operation with Japan Information Technology Services Industry Association (JISA) at the EDB headquarters in Seef.

The signing was part of activities of a visiting Japanese business delegation in the kingdom whi...ReadMore

Trade push explored

MANAMA: A delegation from the Saarland state in Germany met a number of business leaders in Bahrain to discuss key economic developments in the kingdom, and to prepare for an official visit to Bahrain soon.

Business opportunity in Middle East to be probed

MANAMA: Business opportunity and political risk in the Gulf and Middle East will come up for discussion at a key event in Bahrain next week.

BHB on track for WFE upgrade

MANAMA: Bahrain Bourse (BHB) is in the running for an upgrade from an affiliate to an associate member of the World Federation of Exchanges (WFE), it has emerged.

Bapco backs major energy debate forum

MANAMA: The Project Management Institute Arabian Gulf Chapter (PMI-AGC), in co-operation with DMS Global, is organising the third PMI-AGC/DMS Global Energy Forum Debates in Bahrain.

Key report to probe airline sector growth

MANAMA: A new report on Bahrain will take a look at the impact of rapid expansion in the airline sector across the Middle East, with particular emphasis on how this growth will play out in Bahrain.

Senior role for El Qaq at ABG

MANAMA: Al Baraka Banking Group (ABG), a Bahrain-based Islamic banking group, has appointed Mohammed Abdullah El Qaq as senior vice-president and head of commercial banking.

Operator aims to list this year

DUBAI: Viva Kuwait, the country's second biggest mobile phone operator by subscribers, plans to list on the Kuwait Stock Exchange by year-end, nearly six years after it completed an initial public offer of shares, the company's chairman said yesterday.

CEO named

MANAMA: The board of Bahrain Islamic Bank (BisB) has appointed Mohammed Ahmed Hassan as the bank's acting chief executive in place of Mohammed Ebrahim Mohammed, who resigned yesterday.

ENBD is planning bond sale to boost capital

DUBAI: Emirates NBD (ENBD), Dubai's largest lender, plans to sell a benchmark-sized capital-boosting bond, a document from lead managers said yesterday, looking to take advantage of favourable markets to strengthen its reserves.

Property firm planning to raise $4bn

DUBAI: Meraas Holding, a state-owned property firm that is developing some of Dubai's most ambitious real estate projects, is in talks with banks to raise up to $4 billion, sources said yesterday.

Saudi bank may cap consumer lending

DUBAI: Saudi Arabia's central bank has published new consumer lending regulations which give it the power to cap retail lending at individual banks and limit the fees that banks can charge.

Sharjah eyes talks

DUBAI: Sharjah will arrange investor meetings this week and next in Asia, the Middle East and Europe ahead of a potential debut issue of sovereign sukuk, the director of its debt management office said yesterday.

Airline rules out Qantas investment

FRANKFURT: Airline Emirates is not interested in investing in the international operations of Qantas, the Dubai-based carrier's chief commercial officer said yesterday.

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