Redwise delivers dredger to BahrainNew Vessels - July 31, 2013 Among a number of ship delivery projects it has completed recently, Redwise Global Ship Delivery Crewing has delivered a dredger to Bahrain.What Redwise described as "the well maintained and sturdy 1975-built dredger Sand Weaver" recently departed from the UK port of Swansea after several days of vessel and voyage preparations, involving flag change and associated surveys.  Bearing in mind vessel’s destination and chosen routing, Read more [...]

Asry plans growth into multi-service complex Manama, 1 hours, 24 minutes ago Bahrain-based Asry is well-placed to graduate from being a ship repair yard to a multi-service marine complex, the company's chairman said, adding that its $188 million expansion programme is now largely complete. "Asry's future will no longer be solely dependent on ship repair, but on a variety of marine expertise that opens up exciting new revenue streams going forward," chairman Read more [...]

Home / Bahrain / Finance Investcorp made a net profit of $104.9 million in the 2013 fiscal year ended in June. Bahrain-based alternative investment manager Investcorp reported a 56 per cent rise in full-year net income on Tuesday, aided by strong growth in fee income. Investcorp, which expects to fully invest its $1 billion Gulf fund in 2013, made a net profit of $104.9 million in fiscal year 2013 ended in June, compared with $67.4 million in the previous year. Profit growth was driven Read more [...]

Investcorp Bank, the Bahrain-based alternative investment firm managing US$10.5 billion, plans to double its dividend after full-year profit climbed 56 per cent amid a jump in fee income. The board recommended paying $15 a share for the financial year ending June 30, compared with $7.50 a year earlier, as well as a 12 percent dividend on preference shares, the company said Tuesday in a statement. Full-year profit advanced to $104.9 million from $67.4m a year earlier as fees from managing investment Read more [...]

in Airports Posted 30 July 2013 · Add CommentBahrain Airport Services (BAS) is concluding the first stage of a multi-phased project which aims at achieving higher operational efficiency and service delivery standards by automating key processes, incorporating a lean operational structure, introducing a modern operating concept and implementing comprehensive and systematic monitoring of operational performance.<![CDATA[ ]]> BAS initiated in July the first trials of its newly deployed Read more [...]

Home / Bahrain / Sport / UAE Dubai, Abu Dhabi and Bahrain are under consideration to hold the tests. Formula One teams will hold two pre-season tests in the Middle East next year as they seek out ideal weather conditions ahead of what promises to be one of their biggest challenges in years. Dubai, Abu Dhabi and Bahrain are under consideration with Dubai – the only circuit of the three that does not host a grand prix – seen as the current favourite. “Middle East tests will get Read more [...]