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Investcorp to acquire key Spanish company
Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.
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Bahrain autumn fair sees record shoppers
A record 200,000 shoppers visited the nine-day-long retail extravaganza 'Bahrain Autumn Fair 2015,' thus registering a five per cent growth compared to the visitor numbers last year, said a report.
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Total plans to cut spending over cheap oil
French oil company Total is set to slash spending on exploration by 30 per cent this year due to the drop in the price of oil, said its chief executive officer.
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Travelex, UAE Exchange to merge and list in Abu Dhabi
Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said.
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Crisis veteran Naimi stays to hold line on Saudi oil policy
The new Saudi king's decision to keep Ali al-Naimi in his job as oil minister signalled to energy markets that the world's top crude exporter would not flinch from its policy of refusing to cut output as it fiercely guards market share.
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Gulf Industry Fair to showcase downstream aluminium
The strength of the aluminium downstream sector and ‘value added’ products will be on full display at the Gulf Industry Fair 2015, a leading industrial B2B exhibition in the Northern Gulf region, which opens in Bahrain this week.
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Qatar Airways buys 9.99pc stake in BA owner
Qatar Airways has bought a 9.99 per cent stake in International Airlines Group, worth around $1.7 billion, building closer ties with the owner of its partners British Airways and Spain's Iberia in the one world alliance.
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Google Q4 revenue up 15pc despite declining ad rates
Google has reported a revenue of $18.10 billion during the fourth quarter of 2014, compared to $15.71 billion in the year-ago period, marking an increase of 15 per cent, missing Wall Street’s targets on declining online ad prices.
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BMW fixes security flaw in its in-car software
German luxury carmaker BMW has fixed a security flaw that could have allowed hackers to unlock the doors of up to 2.2 million Rolls-Royce, Mini and BMW vehicles, it said on Friday.
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Philips introduces digital pathology solution in Middle East
Philips, a leading multinational technology company, has announced that the Philips Digital Pathology Solution is available for diagnostic use in the Middle East.
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Helium balloon team sets new distance record
Pilots Troy Bradley of New Mexico and Leonid Tiukhtyaev of Russia have surpassed the world distance and duration records with a flight across the Pacific Ocean in a helium balloon.
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Strong salary growth predicted in Bahrain
Strong increases in salaries and headcount growth can be expected in Bahrain over the coming few years, according to a new survey.
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Saudi king reshuffles cabinet; veterans stay
Saudi Arabia's new King Salman has ordered a lavish payout to all state employees and reshuffled some top government jobs while keeping in place the oil, foreign, finance, defence and interior ministers.
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