GFH noted that the verdict announced by the BCDR against Janahi and the bank ‘has not been executed’. The bank also revealed that the BCDR ordered that the amount under the verdict in favour of GFH be frozen in addition to freezing all accounts of Tanmiyat and Janahi for a total amount of $78 million. The freeze order, said, the bank, was issued based on a case filed by GFH against Tanmiyat and Janahi in relation to allegations of embezzlement and the provision of misleading information to the Read more [...]

During Ramadan hundreds of policemen are seen praying on roadsides and breaking their fast under shaded police checkpoints across Bahrain. Special Security Forces Command (SSFC) officers have spoken to the GDN about the difficulties of preventing attacks waged by anti-government thugs while fasting in the scorching summer heat... POLICEMEN stationed at key locations in Bahrain have spoken out about fears of being attacked with firebombs while praying on street corners. They described barricading Read more [...]

MANAMA: BahrainÕs insurance market saw around eight per cent growth in gross premiums to BD258.41 million ($685m) last year when compared with the previous year, the Central Bank of Bahrain (CBB) said yesterday. A significant part of the increase is attributed to a surge in motor insurance, which increased from BD61.99m in 2012 to BD68.05m last year, seeing a growth of around 10pc. Motor insurance is the largest in terms of gross premiums, which represented around 26pc of the total premiums/contributions Read more [...]