Latest Bahrain News
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Bahrain National Holdings announces financial results for Q1 of 2013
Bahrain National Holding Company (BNH), the parent company of Bahrain National Insurance (bni) and Bahrain National Life Assurance (bnl), has announced a net profit of BD1.25m for the 3 months ended 31 March 2013; against BD0.82m for the same period last ...
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Two car-bombs explode in Basra
Basra, May 20 (BNA) - Two car-bombs exploded this morning in different locations in the southern Iraq city of Basra, leaving casualties, Iraqi police said. MJ m.a BNA 1039 GMT ...
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Real GDP grows 3.9 in Bahrain oil sector shrink
Non-oil GDP rose to an expected 6.7pc in 2012 Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9pc growth seen in 2011.Even as the oil sector shrank by around 8.5pc in 2012 due to a temporary technical disruption at the country's main Abu Sa'afa oilfield - expected to return to full capacity this year - strong growth in ...
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Al Areen City Development attracts foreign investment from US-based Avenue Ventures to progress development
Bahrain-based Al Areen Holding Company announced at an investors' seminar held at Al Areen's Client Relations Centre, that the Al Areen Project is renewing its momentum with an upgrade of existing hospitality and leisure infrastructure, and the introduction of new ...
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Middle East construction dispute values fall 42 y-o-y
Even though construction disputes in the Middle East have dropped by 42 per cent to $65 million in 2012 from $112.5 million in 2011, the value remains the highest in the world. And not limited to that, even the time taken to resolve a dispute in the Middle East remains above the global average. In the Middle East, it takes 14.6 months to settle a dispute, while the global average is of 12.8 ...
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GCC Advisory Body meets in Muscat
Riyadh, May 20 (BNA) - The GCC Advisory Body tomorrow will hold the second meeting of the 16th session in Muscat, Oman. The 2-day meeting will discuss a range of issues on its agenda, including the ratification of the first meeting of the Advisory Body, in addition to reviewing a number of draft projects, including the establishment of food and drug authority and a general health and ...
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Israeli Authorities Reopen Karam Abu Salem Crossing
Gaza, May 20 (BNA) - Israeli authorities on Monday reopened the Karam Abu Salem crossing, which is located south east of the Gaza Strip. Head of the Coordination Committee for entry of goods in Gaza Strip Raed Fattouh said that Karam Abu Salem commercial crossing is working today as usual for the introduction of about 260 truckloads of goods and aids, including 20 trucks of gravel for the ...
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Timeframe for Syria Conference is Counterproductive Lavrov
Moscow, May 20 (BNA) - Moscow believes it is counterproductive to give a timeframe for a conference on Syria, Russian Foreign Minister Sergei Lavrov said in an interview with the Rossiiskaya Gazeta daily on Monday. "Certainly, first of all it is necessary to agree on what this conference will be like. Some of our partners, as (US Secretary of State) John Kerry mentioned, believe several ...
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Culture Ministry launches village tourism project
Manama, May 20 (BNA) - The Ministry of Culture is to launch the village tourism project in cooperation with Arab Tourism Organization and a number of Arab investors. The Culture Minister Shaikha Mai bint Mohammed Al Khalifa told (BNA) the tourism village project is considered an important one which will enhance culture and tourism in the Kingdom of Bahrain and will be positively reflected on ...
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Bahrain accused of spying on rights activist
Documents filed at the High Court in London by rights group Bahrain Watch accuse the Bahraini government of using surveillance software to spy on a leading rights ...
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Bahrain rejects freedom of speech allegation
Manama: Bahrain’s Attorney-General has rejected allegations that the recommendations by an international fact-finding team to drop charges overlapping with freedom of expression had not been ...
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HM the King congratulates President of Cameroon
Manama, May 20 (BNA) - His Majesty King Hamad bin Isa Al Khalifa sent a cable of congratulations to President Paul Biya, President of Cameroon, marking the Cameroon's National Day, wishing him abundant health and happiness. MJ m.a BNA 0722 GMT ...
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Bahrain police truck ambushed as fugitives escape
The thugs "bumped their cars into a vehicle that was taking some Dry Dock detainees involved in security-related cases to court and helped them escape," according to a statement on the Bahrain News Agency ...
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UAE Bahrain hit out at Iran as not a good neighbour
The UAE and Bahrain have strongly criticised Iran after Tehran officials issued a statement threatening Bahrain that if it did not apologise for a police raid on the house of a Shia cleric living near a Manama suburb it "should expect an unexpected ...
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GCC interior spending to grow 28 to USD9.2bn
GCC projects spent $7.2bn on interiors and fit-outs in 2012 and expects spends to increase by more than a quarter (28 per cent) to $9.2bn in 2013, said Index International Design Exhibition and The Office Exhibition, the Middle East and North Africa's largest and longest running interior design and fit out exhibition. The report included an analysis on the four pillars of the real estate ...
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Review in Bahraini press
Manama, May 20 (BNA) - Bahraini dailies issued today focused in their principal headline on the main local, Arab and international events which happened over the past 24 hours. The following are the main topics: HM the King" Bahrain winning the AFC presidency reflects the real image of the Kingdom in international sports field" HRH the Premier chairs the regular weekly Cabinet ...
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Review in Bahraini press
Manama, May 20 (BNA) - Bahraini dailies issued today focused in their principal headline on the main local, Arab and international events which happened over the past 24 hours. The following are the main topics: HM the King" Bahrain winning the AFC presidency reflects the real image of the Kingdom in international sports field" HRH the Premier chairs the regular weekly Cabinet ...
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U.S. Italian inspectors to fly observation mission over Russia
U.S. and Italian military inspectors this week will conduct observation flights over Russian territory under the Open Skies Treaty, officials said Monday. An Italian Lockheed Martin C-130J Super Hercules military transport aircraft with surveillance equipment certified internationally and approved by Russia will fly over the country May 20-24, RIA Novosti quoted Russian Defense Ministry ...
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Bahrain non-oil trade grows 20
Bahrain's real GDP is estimated to have expanded 3.9 percent in 2012 from the 1.9 percent growth seen in 2011. Even as the oil sector shrank by around 8.5 percent in 2012 due to a temporary technical disruption at the country's main Abu Sa'afa oil field, (expected to return to full capacity in 2013), strong growth in the nonoil sector drove economic growth, according to Global ...
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Bahrains security issues reduce property prices
(MENAFN) Bahrain Real Estate Society chairman, Nasser Al Ahli, stated that political tensions in the country could lower property prices more in the future, reported Gulf Daily News, citing Akhbar Al Khaleej.Al Ahli added that security issues have reduced land prices and rents between 40 and 60 percent in the Northern Governorate.Furthermore, new policies adopted by financial institutions due to ...
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GCCs 2011 GDP at USD1.4tr Fakhru
(MENAFN) Bahrain's minister of trade and industry, Hassan Fakhru, stated that in 2011, the Gulf Cooperation Council's (GCC) gross domestic product (GDP) stood at around USD1.4 trillion, reported Emirates 24/7.Fakhru added that the figure ranked the GCC as the 13th largest economy worldwide in the year.He also said that the region's trade with other countries reached almost USD1.2 ...
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GCC rails at Iranian threats to Bahrain
The Gulf Cooperation Council yesterday condemned Iranian threats to Bahrain as un-Islamic and asked Tehran to reconsider its approach to Arabian Gulf ...
Bahrain Spotlight
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Bahrain’s mortgage market weathers recession while other industries struggle
Bahrain’s sound fiscal health, as well as prudent investment decisions by industry leaders has created a situation in which the country is in a fairly strong position compared to other GCC states, especially with regards to the mortgage market, but it’s not all good news.
Bahrain’s mortgage market has achieved significant growth despite a challenging market and is now worth $1.4 billion dollars, making Bahrain one of the strongest countries in terms of realty in the GCC (Gulf Cooperation Council). There are a number of reasons for this. Read more
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