US Secretary of State Hillary Clinton on Friday said that the global community expects positive outcome of talks between Iran and P+1 on the Iran’s nuclear issue. US Secretary of State while addressing a joint press conference with Bahrain’s Foreign [...]
Bahrain eyes importing 365b cubic feet LNG a year Bahrain is exploring the possibility of importing 365 billion liquid natural gas (LNG) standard cubic feet a year to propel the country’s industry and economic growth, a senior Minister said. “We [...]
With the total value of project finance in the region plummeting to $20 billion in 2009 from over $40 billion a year ago, the regional governments are shifting their focus to the Public-Private Partnerships (PPPs) model to fund infrastructure projects, [...]
Fitch Ratings has affirmed Islamic Development Bank’s (IDB) long-term issuer default rating (IDR) at ‘AAA’ and its short-term IDR at ‘F1+’. The outlook for the long-term IDR is stable. “The ratings primarily reflect IDB’s strong capitalisation, low leverage and strong [...]
Bahrain-based Cemena Holding Company on Wednesday signed an agreement with Sinoma CBMI Construction Company Ltd. a subsidiary of Sinoma group to commence construction of a Cement plant in Syria. The project will be financed through 70 per cent equity and [...]
While the global financial crisis has forced commercial banks in other parts of the world to close expensive branches and look for ways to cut costs, the focus in the UAE and Saudi Arabia has been on finding ways to [...]
IMF will ensure the availability of additional capital for the banks. The banks across the GCC generally and specifically in Bahrain are well positioned to implement the Basel III regulations without any difficulty, according to experts at the KPMG. “The [...]
