Doing business is a pleasure at The Ritz-Carlton, Bahrain Hotel Spa, where intelligently-designed function space, attentive conference services professionals and state-of-the-art conference equipment are presented in comfortable surroundings of a luxury oceanfront resort. Set amidst lush gardens and beaches overlooking the Arabian Sea, Read more [...]

Bahrain’s Gulf Finance House plans a 13.8 per cent reduction in capital as it struggles with accumulated losses. The investment firm announced on Monday that it plans toreduce its issued and paid-up capital to US$837.9 million from $972.3m. The move, which will not involve any cash transfer and will leave the total number of outstanding shares unchanged, will reduce the firm’s accumulated losses by $134.4m, GFH says. GFH expects the required procedures to be completed by the end of June, subject Read more [...]

Gulf Air, once the Middle East’s biggest carrier, reduced annual losses by half and reported its best result in eight years after cutting jobs, retiring 14 planes and scrapping eight unprofitable routes. Bahrain’s national airline cut the loss by more than 100 million dinars ($265 million) from a year earlier, a performance that surpassed its restructuring target by 14.5 million dinar, according to a statement today. It didn’t provide a breakdown of the actual earnings for the year. Under Read more [...]