Thursday 2 October 2014
 
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Bahrain

Investcorp to complete $1.43bn packaging firm sale

Bahrain-based alternative investment manager Investcorp will complete the $1.43 billion sale of Berlin Packaging to Oak Hill Capital Partners in the first week of October, it said in a statement on Wednesday. Investcorp bought a m

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Bahrain to develop newer, wider roads

Bahrain's Ministry of Works has announced plans to develop new and wider roads, that will be able to deal with the increase in traffic congestion across the kingdom, under a new 2021 strategic plan. "There are plans to im

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Credimax unveils new e-statement service

Credit card issuer and acquirer CrediMax has launched its new e-statement service for customers in Bahrain. The e-statement service, available to both individuals and corporate customers for free, ensures optimum security measures

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Bahrain-UK joint venture to be new bus operator

A joint venture between UK-based National Express and Bahrain’s Ahmed Mansour Al Aali (AMA) will be the new public bus operator in the kingdom. This follows the signing of a concession agreement between the operator and the

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Fibre-optics boost for traffic lights in Bahrain

State-of-the-art fibre-optics are being installed at traffic lights as part of a plan to improve Bahrain's road network, which includes widening roads, adding flyovers and junctions to reduce traffic congestion. The Works Mini

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15 convicted in $922m money-laundering racket in Bahrain

Fifteen men have been convicted of being part of a money-laundering racket that transferred up to BD350 million ($922.8 million) abroad. The group, including 11 managers and staff working for UAE Exchange, illegally sent the money

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Bahrain on list of 'wasteful' countries

Bahrain is one of the most wasteful nations on earth, according to a new report from a leading wildlife conservation organisation. The World Wildlife Fund's (WWF) 2014 Living Planet Report, published recently, named Bahrain as

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$93m waterfront mall work in Bahrain begins

Work on Bahrain's newest coastal development featuring a BD35 million ($93 million) waterfront mall got underway yesterday (September 30). The Avenues Bahrain shopping centre is the focal point of a new corniche being created

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Tamkeen launches revamped support scheme

Tamkeen, the organisation tasked with developing Bahrain’s private sector, has launched its revamped Enterprise Support Programme (ESP) for businesses in Bahrain. The new programme comes as part of the restructuring of Tamke

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Tamkeen launches revamped support scheme

Tamkeen, the organisation tasked with developing Bahrain’s private sector, has launched its revamped Enterprise Support Programme (ESP) for businesses in Bahrain. The new programme comes as part of the restructuring of Tamke

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