Home GCC Bahrain

Bahrain

Bahrain PM’s Role In Disputed Aluminium Deals Probed At UK Trial

Businessman Victor Dahdaleh is on trial accused of paying some $67 million in bribes to former Alba managers.

Bahrain Court Rejects Jailed Activist’s Request For Release

Nabeel Rajab was sentenced in 2012 to two years in prison for cases related to organising and participating in protests.

Bahrain’s Ibdar Bank Eyes Larger Deals After Three-Way Merger

Ibdar was launched as a brand on Monday following the merger of Capivest, Elaf Bank and Capital Management House.

Zain Wants To Keep Majority Control Of Bahrain Arm After IPO

Zain Bahrain must float 15 per cent of its shares and list on Bahrain’s bourse by year-end.

Bahrain Says Arrests Two ‘Terror’ Suspects

The two Gulf nationals tried to enter Bahrain with forged passports through King Fahd Causeway.

Leeds United Chairman Buys 5.7% Of Gulf Finance House

Salah Nooruddin will join GFH’s board of directors following the stake acquisition.

Bahrain Jails Four For Car Bomb Outside Mosque

Several vehicles were destroyed but no one was hurt in the explosion outside a Sunni Muslim mosque in al-Riffa.

Aluminium Bahrain Returns To Q3 Profit

Alba’s income was boosted by a seven per cent increase in sales to 183.3 million dinars, with strong demand from Saudi Arabia.

UK Businessman Accused Of Corrupt Bahrain Payments

Victor Dahdaleh is accused of making corrupt payments of over $63 million to the former chairman of Alba.

Bahrain Jails Four For Life For Iran-Linked Cell

Six others were sentenced to 15 years in jail on charges of setting up a militant cell linked to Iran’s Revolutionary Guard.

Bahrain Charges Top Opposition Leader

Sheikh Ali Salman was released on Sunday after five hours of interrogation about an opposition display.

Bahrain’s Arab Banking Corp Names Kawan As Permanent CEO

Khaled Kawan replaces Hassan Ali Juma, who retired from the bank in July

Bahrain In Early Stages Of Bank Merger Wave

The tiny kingdom’s banking industry was hit hard by the global financial crisis and, since 2011, by political unrest.

Bahrain Defends Use Of Teargas Following Criticism

The Gulf state has reportedly has plans to buy 1.6 million canisters of the material.

Gulf Air To Fly To Dubai World Central From December

Gulf Air hopes its new daily evening service will appeal to ‘new Dubai’ residents

Bahrain’s Ahli United Says IFC Fund Buys 167m Shares

The lender said the shares were converted at a price of 74.8 US cents per share

Bahrain To Try Opposition Leader For Inciting Terrorism

Khalil al-Marzouk was detained in mid-September by police investigating what authorities called his promotion of terrorism.

Bahrain Economy Shrinks 0.3% In Q2

Gross domestic product had expanded 2.5 per cent quarter-on-quarter in the first three months of 2013.

Bahrain Jails 50 For Ties To Anti-Government Group

Bahrain has seen almost daily protests by members of the Shi’ite majority since February 2011.

Saudi Arabia, Bahrain Approve New Pipeline To Feed Bapco Refinery

The 350,000-barrel per day oil link between the two countries is expected to be commissioned by the third quarter of 2016

Bahrain’s Arcapita Emerges From US Bankruptcy

Arcapita’s plan will see it transfer its assets into a new holding company which will dispose of them over time to pay off creditors.

Bahrain Opposition Leader Accused Of Inciting “Terror”

Khalil al-Marzouq, of the opposition Al Wefaq party was summoned by the police and is expected to face legal charges.

Bahrain’s Investcorp Acquires 25% Stake In ‘Fitness Time’ Operator

Investcorp buys stake in Saudi-based Leejam, a health and fitness club company that operates the Fitness Time brand.

Bahrain’s Al Salam Bank Agrees Share-Swap Merger With BMI Bank

Islamic lender Al Salam will exchange 11 of its shares for each BMI Bank share.

Bahrain Sovereign Fund Mumtalakat Signs $250m Loan Refinancing

The new credit facility covers about half of a $500 million five-year loan which the fund had signed in August 2008.

Bahrain’s Ithmaar Bank Says CEO To Retire On Aug 31

He will be replaced by Ahmed Abdul Rahim, currently general manager, as acting head.

Bahrain: The Long Road Ahead

The island’s once vibrant economy was paralysed by violent pro-democracy protests which deterred foreign investment and crimped tourism. Where does it stand today?

Thousands Of Bahrainis March Peacefully For Democratic Reforms

Police stayed away from the march, which was organised by the country’s main opposition parties.

Bahrain’s Investcorp Sells Skrill Group For $800m

Skrill, an online payment system in Europe, was sold to funds advised by CVC Capital Partners.

Five Bahraini Security Officers Injured By Homemade Bomb In Village

Activists in the Kingdom have been demanding more democratic reform for two and a half years.