Bahrain’s National Dialogue has reached ground breaking consensus to increase the powers of the Parliament. Assembled delegates including: MPs, opposition political societies; NGOs and public figures agreed to enhance the Parliament’s democratic scrutiny over the government. This decision gives the [...]
Participants in the national dialogue will continue discussing consensus on a number of issues in the dialogue’s main themes today (Thursday) to reach what would serve the interests of the country and to establish a solid base for the reform [...]
Gulf Air on Wednesday unveiled a major commercial initiative aimed at enhancing its market share by tapping Saudi and Bahraini corporate clients. This was announced by the airline’s Chief Commercial Officer Karim Makhlouf at a Press conference who said that [...]
Batelco Chairman Shaikh Hamad Bin Abdulla Al Khalifa on Wednesday announced a net profit of $102.9 million for 1H 2011 and gross revenues of $432.9 million. The Chairman informed the board that earnings per share were 26.9 fils and the [...]
Standard & Poor’s Ratings Services raised its local and foreign currency sovereign credit ratings on the State of Kuwait to ‘AA’ from ‘AA-’. The short-term ratings were affirmed at ‘A-1+’. The outlook is stable. The transfer and convertibility (T&C) assessment, [...]
BASF will significantly expand its presence in the Middle East region by building a state-of-the-art plant for customer specific antioxidant blends (CSB) at the Bahrain International Investment Park. CSBs are key additives for the production of polymers for the plastics [...]
The global economic outlook remains positive in spite of a sharp deterioration in investor sentiment towards and within Europe, according to the BofA Merrill Lynch Survey of Fund Managers for July. A net 19 per cent of global fund managers [...]
