Friday 27 March 2015
 
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Saudi, Kuwait to strengthen security after Yemen strikes

Top oil exporter Saudi Arabia and Gulf Opec ally Kuwait will beef up security around their oil facilities, they said, after they and other Arab allies began a military operation in Yemen. Warplanes from Saudi Arabia and Arab allie

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Sharia board to be set up in Bahrain for Islamic finance sector

Inconsistency in compliance with Sharia standards poses an existential threat to Islamic finance, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj has said. According to Al Maraj, it was to prevent such an occurrence that t

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Bahrain Flour Mills plans to set up new factory

Bahrain Flour Mills Company has unveiled plans to set up a new factory with a high production capacity at Hidd Industrial Area. Work on the BD20 million ($52.6 million)  project is expected to be completed in three years, sai

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Bahrain to step up efforts to fight hackers

Bahrain is to step up efforts to strengthen information security amid mounting cyber threats. Interior Minister Lieutenant General Shaikh Rashid bin Abdulla Al Khalifa sounded the alarm as he opened the first-ever Bahrain Informat

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Gold edges up on dollar but heads for 3rd weekly drop

Gold inched up on Friday as the dollar softened, but was heading for a third week of losses on expectations of higher US interest rates and hopes of a deal between Greece and its creditors. Spot gold rose 0.2 per cent to $1,224.50

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Brent holds above $59, up more than 3pc on week

Benchmark Brent crude held above $59 in Asia on Friday, up more than three per cent this week as news of deeper industry spending cuts and a sinking US dollar revived buying. Brent crude for April delivery was trading up 48 cents

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Security boost for Jewellery Arabia show in Bahrain

Security has been beefed up at this year's Jewellery Arabia after robbers got away with a $1 million necklace last year. Almost BD300 million ($790.8 million) worth of brooches, rings, necklaces, earrings, bracelets and more a

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Trust Re increases paid-up capital to $170m

Trust International Insurance and Reinsurance Company (Trust Re) has increased in its paid-up capital, from $140 million to $170 million, which reflects the doubling of its authorised capital to $200 million in June last year. The

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Bahrain steps up coastal patrols

Rapid response teams are patrolling Bahrain's coastline on speedboats to combat illegal fishing practices that are believed to have caused the recent deaths of rare marine species. According to the Supreme Council for the Envi

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Gaza farms devastated by fighting: UN food body

The conflict in Gaza has caused serious damage to crops, herds and fishing as well as greenhouses and irrigation systems, bringing food production to a halt and sending prices sharply higher, the United Nations food body said on Thursday.

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