Half-year results show that restructuring efforts at Gulf Air are bearing fruit as the struggling airline posts strong financial and operational performance. Led by the new Chairman Shaikh Khalid bin Abdulla Al Khalifa, Gulf Air has recorded its best first...
A new government report celebrates the success of tourism, services and telecommunications sectors driving the growth of Bahrain’s economy over the last decade. Titled Drivers of Economic Growth 2000-2011 the report by Economic Development Board (EDB) highlights the country's strong growth...
Office and residential rental rates remain stable with renewed interest in commercial sales transactionsBahrain’s economic growth showed positive signs in the first quarter as oil outputs were revived; employment in the kingdom also rose significantly over the last year,...
Official data suggests that Bahrain is struggling to cope with its widening budget deficit, which has now grown to about 2 percent of GDP in 2012. During 2012, the country’s deficit swelled seven times to BD227 million (USD 601 million)....
According to Dr. Jarmo Kotilaine, Chief Economist at the Bahrain Economic Development Board (EDB) sustained economic growth in Bahrain is possible via productivity growth in the trade sector. Speaking at a seminar hosted by the EDB and the Centre for Research at...
 Bahrain’s plans to make significant improvements to the kingdom’s communications infrastructure received a setback as a court has ordered a halt to the bidding process for the 4G radio spectrum. The auction of radio spectrum for next-generation telecom networks has...
Japan and Bahrain have signaled their intention to forge closer ties and promote mutual cooperation, signing thirteen memorandums of understanding regarding their respective economies.These agreements will encourage economic cooperation and joint investment between the two countries in the fields...
Amid the spectacular success stories of Etihad Airways, Emirates Airline and Qatar Airways in the Middle East aviation industry, the Bahrain Air debacle stands out. Last month, stakeholders in Bahrain Air made a final call to suspend airline operations...
The housing crisis in Bahrain has hit a new peak, with new figures suggesting that almost half of all Bahrainis have been on a government waiting list for state-provided housing for around two decades.According to a government source, an...
Gulf Air, the Bahrain-based carrier, is undertaking drastic measures to restructure operations and cut jobs to revive competitiveness. The company’s plan to lay-off about 15 per cent of it's staff and close four more routes in January have annoyed...
Bahrain has been ranked as the Middle East's top economically free country. According to the annual Index of Economic Freedom published by The Heritage Foundation and the Wall Street Journal, Bahrain remains the Middle East / North Africa’s (MENA) region’s...
 The Kingdom of Bahrain is mulling a new law that would make cybersex crimes punishable and could lead fines of up to USD 260,000.The law is targeted against internet users who attempt to extort money from young women by...
Bahraini Minister of Interior Sheikh Rashid bin Abdulla Al Khalifa said on Tuesday the 'Arabian Gulf' suffered losses of more than $100 billion as a result of the first and second Gulf Wars, and getting classified as a 'region...
A Bahraini central bank official said on Wednesday it is planning to issue a $1.25 billion bond in the second or third week of June.The official told Reuters on condition of anonymity that the conventional bond will have a tenor...
Bahraini government has signed agreements with Saudi tycoon Prince Alwaleed bin Talal paving the way to move his Rotana news and entertainment company from Cairo to the Gulf island state, the official Bahrain News Agency reported on Wednesday.The move...
Bahraini Oil Minister Abdul Hussein Ali Mirza announced Monday plans to invest $15bn to develop crude oil and natural gas resources during the next two decades.The island state wants to expand its gas-output capacity to 2.7bn cubic feet per...
A senior Bahraini government official revealed the country's budget deficit has ballooned up to five-times in the last 10 years. He added that the figure stood at 1.8% in 2002 and is expected to reach around 9.7% by the end...
PRESS RELEASEManama, Bahrain: 3BL ‘Triple Bottom Line’ Associates (3BL)— a Bahrain-based social impact consultancy and think-do-tank, has announced a media partnership with Arabic [email protected], the online journal of the Ivy League Wharton School of Business, for the first annual...
Bahraini government has warned parliament's rejection of a 664.3 million Bahraini dinar ($1.74 billion) payment to Gulf Air could ground the national carrier for good.Finance Minister Sheikh Ahmad Bin Mohammad Al Khalifa and Transportation Minister Kamal Ahmad urged leading...
Bahraini Minister of Energy Abdul Hussein Mirza said in an interview that $100 per barrel is reasonable price for crude oil.Mirza, interviewed by state-controlled Kuwait News Agency (KUNA), explained that states are investing heavily into the energy sector as...
PRESS RELEASE 3BL Associates Launches First Annual Bahrain Responsible Business Survey Manama, Bahrain: 3BL ‘Triple Bottom Line’ Associates (3BL)— a Bahrain-based social impact consultancy and think-do-tank, will be conducting the first annual Bahrain Responsible Business Survey to identify the understanding of...
The year 2011 has shown that revolutions are not events which are read in history books, but which can be witnessed live right in our backyard. The Arab Spring has opened the doors for pro democracy movements around the...
Bahrain stand to lose up to $2bn due to the severe political unrest that has hit the state since February, says the head of the country's chamber of commerce.The Shi'ites have long complained of government neglect and discrimination. Discontent...