Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Gulf Biotech Company becomes second drug producing firm in Bahrain

Gulf Biotech Company is headquartered in the Bahrain International Investment Park.
  • National Health Regulatory Authority (NHRA) announced that it had licensed the medical firm.
  • The injectable drugs will be subjected to final inspection to be granted a Good Manufacturing Practices.

Gulf Biotech Company has become the second facility to manufacture drugs in the Kingdom of Bahrain.

The National Health Regulatory Authority (NHRA) announced that it had licensed the medical firm, which also the first facility to manufacture injectable drugs in Bahrain, local media reports said.

The factory has thus obtained the rights to produce the initial batches of injectable drugs after presenting studies of the produced products and ensuring successful stability analyses for them.

Moreover, the injectable drugs will also be subjected to final inspection to be granted a Good Manufacturing Practices (GMP) certificate to start the production and marketing of sterile and injectable formulations, the reports added.

“The factory has been licensed after fulfilling conditions related to security, safety and quality in accordance with international standards”, said NHRA Chief Executive Officer Mariam Al Jalahma.

She stressed Bahrain’s commitment to international standards related to the pharmaceutical industry.

Also, she added that all projects would be subjected to the highest requirements of security, safety and quality which are mandatory in this important field.

The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes using the highest and best German technology from BOSCH.

Gulf Biotech Company is headquartered in the Bahrain International Investment Park (BIIP) in the Hidd Industrial Zone, consisting of three floors covering approximately 4,500 square meters.