The new office of the global asset management company will be headed by ex-Mumtalakat CEO, Talal Al Zain.
Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.
Seven consortia including Qatar Airways and Bahrain’s airlines are hoping to qualify for a new licence in the Kingdom.
SWF Mumtalakat, which has shares in the airline, made a net loss of $717.68 million last year.
Shareholders of Capital Management House, Capivest and Elaf Bank approve the three-way merger.
Majid Al-Refai will serve four years in jail for a number of crimes during his tenure as CEO of Bank Alkhair.
The Arab state will need to attract conventional rather than Islamic investors due to the lack of sukuk.
The wealthier GCC states had planned to create an aid fund to assist Bahrain and Oman combat social unrest.
The Gulf state is starting investor meetings this week for a planned dollar-denominated bond issue.
Officials say new laws are needed to prevent misuse of social networking tools in the country.
Capivest, Elaf Bank and Capital Management House are in talks to form one new bank with larger assets.
Residential rents in some areas have fallen to 2005/ 2006 levels, and occupancy levels have reached as low as 30 per cent.
The Gulf state plans to issue the bond in the second or third week of June, a central bank official said.
UAE, Bahrain and Qatar have urged their citizens not to travel to Lebanon as Syria unrest spreads.
The Gulf States, which met in Riyadh on Monday, have postponed talks of a possible integration.
Chinese firm Chinamex is building a multi-million-dinar Chinese-themed retail shopping mall in Manama.
The Bahraini lender’s net profit rose seven per cent during the first quarter of the year to reach $57.4 million.
Prince Alwaleed’s upcoming news channel, Al Arab will also be headquartered in Manama.
High security kept trouble away from the track as Vettel stormed to victory.
The Gulf country is hosting the Formula One Grand Prix amidst increasing protests on the streets.
Formula One teams taking part in the Bahrain Grand Prix will not be at risk, circuit chairman Zayed Al Zayani has said.
Despite officials confirming that the race is Bahrain is still on, many teams expect it to be called off amid security concerns, say reports.
Annual production in the GCC could reach five million tonnes by 2014.
The International Automobile Federation (FIA) said that it was keeping a close watch on the escalating violence in Bahrain ahead of the grand prix on April 22.
The UAE and Qatar also ranked high for their IT technologies on the global index compiled by the World Economic Forum and INSEAD.
The Bahraini telecoms operator hopes that new acquisitions will bring in revenues to compensate domestic losses.
Saudi Arabia’s Islamic Development Bank and Dallah Albaraka Group have signed an agreement with Qatar to set up the new bank.
Talal Al Zain, who recently resigned from Bahrain’s sovereign wealth fund, has been appointed as the CEO of PineBridge’s MENA operations.
The hotel group targets to have 100 hotels either operating or under construction in the region by 2015.
Mumtalakat has appointed ALBA chairman Mahmood Hashem al-Kooheji as its new CEO.