Japan's Orix Corp said on Wednesday it has agreed to buy a 25.7 percent stake in Bahrain-based insurer Mediterranean and Gulf Insurance and Reinsurance Company (Medgulf) for a little over $200m. It is the latest deal by a Japanese financial company seeking growth overseas amid weak prospects at home. Orix expects to complete the deal by the end of June pending regulatory approval, it said in a statement. Orix will have two seats on Medgulf's board and another on the board of a Medgulf subsidiary. Medgulf Read more [...]

Batelco launches photography contest Manama, 1 hours, 29 minutes ago Batelco, a top telecom operator in Bahrain, has launched its first photographic competition, which gives participants the chance to develop their skills and win a range of valuable prizes. Bahrain Eye, organised by Batelco’s Youth Marketing Team, features five categories and is open to all residents of Bahrain. Participants can compete with up to two photos in any or all of the following Read more [...]

Manama, Jun 12 (BNA) -- Bahrain Telecommunication Company (Batelco), one of the telecommunications service providers of Bahrain announced the launch of an entrepreneurs support progamme. It is expected to encourage aspiring young entrepreneurs to develop and implement their ICT business ideas. The programme has been developed in line with Batelco’s ideas Centre, a state-of-the-art facility featuring Read more [...]