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Bahrain

Bahrainis Vote In Second Round Of Parliamentary Election

Bahrain said participation in the first round was 53 per cent.

Bahrain’s Batelco Hires Citigroup To Sell Jordan Unit

The Bahraini telecom operator paid $416.2 million for a 96 per cent stake in Umniah in 2006.

Two Policemen Injured By Bomb At Shi’ite Village In Bahrain

The Interior Ministry said the explosion in the small Shi’ite village of Deraz, west of the capital Manama, was a “terror blast”, but provided no further details.

Bahrain Holds Elections, Shi’ite Opposition Boycotts Vote

Some 419 candidates are running, 266 for parliament and 153 for municipal councils in the Kingdom.

Best Western Opens Remote Bahrain Resort

The 44-room Hawar Resort Hotel is located 45 minutes by boat from Bahrain’s Al Dur jetty.

Bahrain Releases Pro-Democracy Activist Awaiting Trial

Zainab al-Khawaja fell foul of the judge last month during an appeal hearing into two cases.

Bahrain’s GFH Completes Capital Reduction Plan, Cuts Losses

Accumulated losses on GFH’s balance sheet had been reduced by $134.4 million under the measure.

Bahraini Fund Mumtalakat Launches $600m Seven-Year Sukuk

The sukuk pricing was last revised to 210 basis points, plus or minus five bps, over midswaps, after being marketed initially at 220 bps over the same benchmark guidance.

Bahrain Investment Firm Arcapita Completes $100m Fundraising

The money will help Arcapita to make investments in the Gulf region as well as in international markets including United States, Asia and Europe, it said in a statement.

Bahrain’s Mumtalakat Sets Initial Price Guidance For Up-To-$600m Sukuk

The firm has set initial price thoughts in the area of 237.5 basis points over midswaps for the sukuk, which is expected to price on Tuesday.

Bahraini Fund Mumtalakat To Price Benchmark-Sized Sukuk On Tuesday

Price indications have yet to be confirmed, the document said on Monday.

Saudi Arabia, UAE And Bahrain End Rift With Qatar, Return Ambassadors

The three countries withdrew their ambassadors from Qatar in March, accusing it of undermining their domestic security.

Bahrain’s Ahli United Bank Says IFC To Convert Debt Into Shares

The bank did not disclose how much debt would be converted, however 118.61 million new ordinary shares with a value of $0.8431 per share would be issued to IFC subject to regulatory approval.

Bahrain’s Gulf Finance House Swings To Q3 Profit

The firm suffered $3.2 million loss in the same period last year.

Aluminium Bahrain Q3 Profit Jumps 502%

The smelter made a third-quarter net profit of BD29.5 million ($78.25 million) in the three months to Sept. 30, up from BD4.9 million in the year-ago period.

Mumtalakat Hires Banks For Potential Dollar Sukuk Issue

Roadshows start in Kuala Lumpur on Thursday before moving to Singapore, Abu Dhabi and Dubai and closing in London on Nov. 17.

Bahrain’s Justice Ministry Ends Action Against Waad Opposition

The Justice Ministry in July asked a court to suspend the National Democratic Action Society, known as Waad, for three months.

Bahrain’s Flexible Visa Scheme To Boost Investments

Bahrain’s new visa policy is expected to boost the nation’s tourism sector and attract more investment to the local economy.

Bahrain’s Investcorp Buys Italian Retailer Dainese

Post the sale, the founder of Dainese will retain a minority stake in the company and will lend his expertise in its operations, Investcorp said.

Bahrain Fund Mumtalakat Sets Up $1bn Bond, Sukuk Programmes

Proceeds from the multi-currency programmes would be used predominantly to refinance upcoming maturities.

Bahrain Releases Prominent Activist Rajab, Next Hearing Jan. 20

Nabeel Rajab, the founder of the Bahrain Centre for Human Rights, is one of the most high-profile democracy campaigners in the region.

Wolfgang Puck Opening At Al Maktoum International, Four Seasons Bahrain

In-demand chef plans to launch new Asian and Bar & Grill concepts next year

Bahrain’s Investcorp, Mumtalakat Buy U.S. Workforce Services Firm PRO Unlimited

Investcorp did not reveal the deal value in the statement but said that the new investment will allow it to expand its business.

Bahrain’s Batelco Posts 40% Rise In Q3 Net Profit

Batelco attributed the profit rise to strong contributions from the group’s international operations.

Bahraini Opposition Group Says Suspended For Three Months

The reported move appeared to be the result of a court case brought by the government in July against the organisation, arguing it had broken the law and its own statutes.

Bahrain’s Ahli United Bank Q3 Net Profit Up 14.8%

Net profit for the first nine months rose 30 per cent to $376.3 million.

UAE Ranked 15th Top Expat Destination Globally, 10 Spots Below Bahrain, In New HSBC Survey

Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.

Trial Of Prominent Bahraini Activist Starts In Manama

Nabeel Rajab went on trial over remarks published on his Twitter account that were critical of state institutions.

Bahrain Activist Detained For Seven Days – Lawyer

Zainab al-Khawaja was accused of insulting King Hamad by tearing up his picture, her lawyer said.

Bahrain To Invest $22bn In Infrastructure Projects

The projects include the upgrade to the country’s international airport, various tourism developments and the expansion of the aluminium smelter at state-owned firm Alba.