Councillors have urged authorities to draw up legislation that would allow Bahrainis living abroad to vote in municipal council elections.
Members of the Northern Municipal Council yesterday voted in favour of the proposal, which
Middle Eastern buyers have invested a total of $14.1 billion outside their home region in 2014, making the Middle East the third largest source of cross-regional capital globally, said a report.
Europe remains the preferred market
Gulf issuers of overseas bonds, kept on the sidelines by volatile markets, may revive their issue plans after Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, completed a $1 billion sukuk issue.
Everest Industries, a leading Indian manufacturer of building solution products, plans to set up a fibre cement board plant in the UAE as part of its global expansion strategy, said a report.
Fibre cement is a composite building and con
Bahraini patients could soon be spared the pain of travelling abroad for medical treatment.
Under a new health plan, they would be provided all the therapeutic care they need at home, said a report in the Gulf Daily News (GDN)
When the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital.
After decades during which banks from the
Several overseas companies are keen to invest in the local market, Bahrain Chamber of Commerce and Industry first deputy chairman Othman Al Rayes said yesterday.
"A large number of investors' applicati
The National Security Agency has tapped directly into communications links used by Google and Yahoo to move huge amounts of email and other user information among overseas data centres, the Washington Post reported on Wednesday.
Bahrain's leading telecom services operator Batelco said its net profit for the nine-month period fell 14 per cent to BD36.7 million ($97.3 million) compared to BD42.6 million last year.
Announcing the results on Wednesday (Oc
Saudi nationals spend a whopping $6,414 for each of their overseas trip, compared to the global average of $2,501, said a report.
The Saudis are, therefore, the biggest spending tourists in the world, followed by Australians who c