Bahraini sovereign fund Mumtalakat will not sell any assets or change its investment strategy in response to a likely oil price-driven shortfall in the state budget, it has said. The fund holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco. Mumtalakat is fully state-owned, but unlike a sovereign wealth fund it receives no surplus cash from the government, investing money generated from its own returns. State inflows to sovereign funds are in doubt this year across Read more [...]

MANAMA, Jan. 22 (Xinhua) -- Bahrain's Special Investigation Unit announced Thursday the arrest of a policeman in connection with a video that shows a protester sustaining head injury near a police vehicle.The unit that is affiliated to the Public Prosecution and is dedicated to cases against police personnel highlighted through its twitter account that the policeman was charged with harming the safety of other.It also highlighted that investigation will continue and urged those with Read more [...]

Approximately 30 companies from Cyprus will accompany the President during his state visit to Bahrain next week.The trip, between January 27-29, will take part at a business forum, at the Bahrain Chamber of Commerce and Industry.The initiative for the delegation and the forum belongs to the Ministry of Energy, Commerce, Industry and Tourism, the Cyprus Chamber of Commerce and Industry (CCCI) and the Cyprus Investment Promotion Agency.President Anastasiades is expected to address the forum, to be Read more [...]