Commenting on the move, Mr. Al Shelash said, “Bank Alkhair has a strong commitment to Bahrain and our strategic objective is to bolster our business by continually building exceptional value for our stakeholders and contributing to economic growth. The new offices represent one of a range of recent significant developments for the Bank, which includes our new senior management team. We selected Harbour Towers at Bahrain Financial Harbour as our new home since it has similar values to our own in Read more [...]

<!----> Bahrain’s sovereign wealth fund Mumtalakat has pumped $250 million into Russia’s fund for direct investments, a Russian official has reportedly revealed. The Russian Direct Investment Fund (RDIF) is a $10 billion fund established by the Russian government to make equity investments primarily in the Russian economy. According to Gulf Daily News, Russian foreign minister Sergey Lavrov told reporters on Monday that Mumtalakat has invested a total of $250 million into the RDIF and Read more [...]

Manama, Feb 9 (BNA): Health Ministry has confirmed that it has been in constant contact with the World Health Organization (WHO) to learn about the latest updates and guidance on the Zika virus disease, stressing it has developed an early detection plan of the disease at border exits. Health Ministry explained that the Zika virus is a disease that spread to people through mosquito bites, a type of mosquito Read more [...]

The profit was achieved on reported gross revenues of $77 million, a rise of 3.3% on the previous year. Its operating profit was $13.7 million, up 14.3% on 2014.Basic earnings per share rose to 20 US cents, a marginal rise on the 19 US cents reported in 2014. At December year end, its shareholder equity stood at $128 million, an increase of 7.8% compared to $118.7 million in 2014, while its total assets stood at $144.7 million, which it says reflects "the ever increasing performance and strength Read more [...]

Manama, Feb. 9 (BNA): His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has affirmed that the quality of the Bahraini products make them the best choice in the market because they precisely take the requirements and needs of consumers into account. HRH Premier pointed out that the industrial sectors is one of the pillars of the kingdom's efforts to diversify its revenue sources, given its huge potentials and outstanding Read more [...]

Bahrain's Prime Minister HRH Shaikh Khalifa bin Salman Al Khalifa today (February 9) visited the Aluminium Bahrain (Alba) stand at the ongoing Gulf Industry Fair (GIF) 2016, in Bahrain. The fair was inaugurated by the Premier earlier today, at the Bahrain International Exhibition and Convention Centre. The event will conclude on February 11. The Premier, accompanied by VIP guests and dignitaries, was welcomed by Alba’s chairman of board of directors, Shaikh Daij bin Salman bin Daij Read more [...]

MOSCOW (Sputnik) — The police watchdog failed to investigate claims that Mohammed Ramadan was tortured in order to extract a confession, The Guardian newspaper reported. Ramadan, who was arrested in 2014, was later convicted of participating in a bomb attack and sentenced to death after his confession. Ramadan's family called on the UK authorities to investigate the torture allegations. Bahrain's ombudsman receives 2.1 million pounds [$3 million at current exchange rates] from London Read more [...]

Manama, Feb. 9 (BNA): The Gulf Petrochemical Industries Company (GPIC) has announced its sponsorship of this year’s edition of Shaikh Nasser bin Hamad Al Khalifa Scientific Research Award in the field of sports. The award, in its second edition, aims at promote positive attitudes towards scientific research to create knowledge and contribute to the development of sports movement. GPIC’s Read more [...]

Manama, Feb. 9 (BNA): His Majesty King Hamad bin Isa Al Khalifa received a cable of thanks and good wishes from Tunisian President Beji Caid Essebsi in which he expressed his gratitude and appreciation for the generous hospitality accorded to him and his accompanying delegation, lauding the fruitful talks conducted during his recent visit to the Kingdom of Bahrain. Essebsi hailed His Majesty Read more [...]

AhlulBayt News Agency - Member of Bahrain's Special Investigation Unit (SIU) Abdulrahman Al-Moawada said that the unit has received during January 2016, 17 complaints about torture or otherwise ill treatment and begun its investigations into the allegations.With regards to the SIU's achievements during the past month in the cases it's investigating, it has listened to the statements of 54 complaintants and witnesses, interrogated 26 defendants, questioned 28 suspects from the security forces Read more [...]