FORMULA One regulars MC Gil Kolirin and DJ Tony will be back to entertain spectators at the Gulf Air Bahrain Grand Prix next month.They will feature on the main stage of the F1 Village vending area during the event from April 4 to 6 at the Bahrain International Circuit, in Sakhir.Other performers include the all-female Boadicea Dance Company and London's Peridot dance crew, as well as solo musician THePETEBOX.The entertainment also includes Read more [...]

Batelco of Bahrain plans to buy back a third of its outstanding bonds due 2020, using excess liquidity from a scrapped takeover, to lower its debt servicing costs, Reuters reported. Batelco reversed its USD 100 million acquisition of a 25 percent stake in Compagnie Monegasque de Communication from Cable Wireless Communications at the end of December, as it ran into regulatory problems. The operator has offered to buy back up to USD 200 million in principal amount of its 4.25 Read more [...]

Manama: March 26 – (BNA): The Central Bank of Bahrain (CBB) has issued a metal coin and silver medallion marking the tenth anniversary of the Bahrain Grand Prix for Formula One slated to be hosted in the Kingdom of Bahrain on April 4,5 and 6. The CBB has minted a 100 fils denomination coin. The coin on one obverse bears the image of Sakhir VIPs’ Tower at the Bahrain International Circuit (BIC). On the Read more [...]

Home / Bahrain / Dubai / Industry / Saudi Arabia Saudi Arabia's Hanco and Bahrain's Venture Capital Bank bought Byrne for around Dhs600 million. Saudi Arabia’s Hanco and Bahrain’s Venture Capital Bank have bought Byrne Investments for around Dhs600 million ($163.35 million), the Riyadh-based car rental company said in a statement on Tuesday. Hanco has acquired 75 per cent of Byrne, an equipment leasing firm, and Venture Capital Bank the remaining 25 per cent. Havenvest Private Read more [...]

DUBAI, March 26 (Reuters) - Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asia shares hit 2-wk highs on upbeat U.S. data, China stimulus hopes* Brent rises on Russia risk, Nigeria, Libya supply concerns* Gold flat near 5-week low; shares, dollar up* MIDEAST STOCKS-Egypt leads regional gains; banks weigh on Bahrain* U.S. says UN report lays blame Read more [...]

LONDON: State-run Bahrain Telecommunications (Batelco) plans to buy back a third of outstanding bonds due in 2020, using excess liquidity from a scrapped acquisition to lower its debt servicing costs. The company has offered to buy back up to $200m in principal amount of its 4.25 percent, $604.4m guaranteed notes maturing in 2020, with the price being determined through a modified Dutch auction process. The notes rallied by nearly two points after the tender was announced on Read more [...]