#Bahrain

Bahrain's Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

Bahrain’s Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

The studio aims to create new highly skilled jobs in Bahrain for both local and international talent, on both its core team and at the startups it helps to launch

Israel

Calev’s newsroom: How Israel and the Gulf are cooperating on defence

The growing level of cooperation has been set in motion by the Abraham Accords

Low-cost carriers

How regional low-cost carriers are flying high amid travel recovery

The Middle East’s budget carriers are cashing in on the growing trend for affordable luxury and increasing demand

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities

Bahrain launches Solar PV tender - pexels-pixabay-356036

Bahrain ministry launches tender for 72 MW solar plant

The tender seeks to build solar panels in the Bahrain International Circuit, University of Bahrain, Bahrain International Exhibition & Convention Centre and Al Dana Amphitheatre

GFH announce H1 2022 results: Ghazi Al Hajeri, Hisham Al Rayes

GFH Financial Group net profit attributable to shareholders rises 13.9% to $42.18m

Total income for H1 2022 was $182.76m versus $181.01m for the 2021 period, an increase of 1 per cent

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air will commence services to Ras Al Khaimah on October 3 with two weekly flights

Bahrain opens preregisteration for monkeypox vaccine

Bahrain opens pre-registration for voluntary monkeypox vaccine

The vaccine will be administered to priority groups as per the set health protocols, including frontline health workers and those at high risk of exposure

Bahrain joins Industrial Partnership for Sustainable Economic Development in Cairo

Bahrain joins Industrial Partnership for Sustainable Economic Development

The partnership aims to establish large joint industrial projects, create job opportunities and contribute to increasing economic output between the partner countries

Mclaren

McLaren raises $150m from shareholders with cash low

Shareholders include Bahrain’s sovereign wealth fund Mumtalakat, investment firm Ares Management Corporation and Saudi Arabia’s Public Investment Fund

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

The agreements were signed with the Electricity and Water Authority in Bahrain

Cloud

Why some organisations are still reluctant to move to cloud

Bahrain Economic Development Board’s Musab Abdulla shares how disruptive technologies like cloud computing are impacting today’s innovations

Israel

Calev’s newsroom: Building bridges between UAE and Israel

The highlight of the relationship between Israel and the UAE is not its economic or political aspects, but rather the human side

Gulf Air to start direct flights to Ras Al Khaimah airport

Bahrain’s Gulf Air begins services to Milan

The inaugural flight left Bahrain International Airport on June 1

central bank

UAE Central Bank raises base rate by 75 basis points

Central banks across the GCC have also raised their interest rates

Healthcare

Special report: How digital technologies have upped the game for healthcare across GCC

As technologies drive the future of most industries, digital solutions are also reshaping the healthcare sector

Sheikh Khalifa

The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan

Sheikh Khalifa bin Zayed Al Nahyan passed away on May 13, at age 73

Uk visa

UK to waive visa requirement for Saudi, Bahraini nationals from June 1

They will need to fill out an online visa waiver application which will be processed within 48 hours and at a cost of GBP30

Air Arabia Abu Dhabi

Air Arabia Abu Dhabi to start new route to Manama

The new service represents the 22nd route for the carrier since the launch of its service from Abu Dhabi International Airport in July 2020

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

Bahrain seizes on oil windfall to rebuild funds hit by pandemic

The country will put $2 into the Future Generations Reserve Fund for each barrel of crude sold at over $80

Getty Images

Bahrain’s InvestCorp in exclusive talks to buy AC Milan

Investcorp, backed by Abu Dhabi sovereign fund Mubadala Investment Company, is in discussions with Elliott Management to buy the club for EUR1bn

Bahrain-based cryptocurrency platform Rain announces 0% trading fees

The simplified fee structure aims to help customers feel more comfortable and confident placing their first trade in the crypto world

Investcorp sets up infrastructure investment platform in North America

Investcorp’s new platform will enable investments in critical infrastructure companies and projects across North America

Mideast asset manager Investcorp seeks cash for blockchain fund

The eLydian Lion fund will be based in Abu Dhabi

Citi to sell its consumer unit in Bahrain to Ahli United Bank

The transaction includes Citigroup’s retail-banking, credit-card and unsecured-lending businesses

Getty Images - Car rental

UAE’s car rental platform Selfdrive launches in Qatar and Bahrain

The company aims to acquire 50-65 per cent of the digital rental market share in these markets

Bahrain sees higher oil helping it beat budget balance target

The International Monetary Fund estimates Bahrain needs oil prices of around $107 a barrel to balance its budget

International Fund for Agricultural Development

Investcorp’s investments into European real estate portfolio climbs to EUR1.1bn

The investments were spread across 80 properties in the UK, Germany, the Netherlands, Italy and Belgium

Tier Mobility launches e-bikes in the Middle East

Bahrain is the first country in the Middle East to receive Tier’s e-bikes