Bahrain to introduce minimum tax for large multinationals
Beginning in January 2025, the measure will place a minimum tax of 15 percent on revenues over 750 million euros ($830 million) generated in the country, the Bahrain News Agency (BNA) reported. The move aligns Bahrain with the standards of the Organization for Economic Co-operation and Development (OECD) which spearheaded the global...
UK moves UAE from red list to amber, eyes boost in travel sector
The UK government announced on Thursday that the UAE will be moved from the red to the amber list, as the situation in the country has improved. Bahrain, India and Qatar were also moved to the amber list, according to a statement issued by the UK Government.Huawei launches Super Device products in Kuwait, Bahrain
The demand for electronic goods in the Middle East has seen an upturn since the Covid-19 pandemic started last year.Bahrain Telecom announces 5% hike of H1 net profit to $99.5m
Batelco said the steady rise in revenues in H1 2021 led to the increase in net profit.Alba Q2 profit jumps 665% to $246m
Aluminium Bahrain posted Q2 2021 profit of BD92.6 m after loss in 2020 .Rights organisations demand Bahrain release opposition figure on hunger strike
Sixteen organisations -- including Amnesty and BIRD -- called on Bahraini authorities to release Abduljalil al-Singace, who is serving a life sentence for his involvement in a 2011 uprising.Bahrain court six jails bank officials for in $1.3-billion money laundering case
The court convicted not just these six Future Bank employees but the bank itself, the Central Bank of Iran, and other Iranian banks.Bahrain bats for booster shots to battle Covid-19
Bahrain’s National Medical Taskforce for Combating the Coronavirus said the booster shots help maximize immunity against Covid-19.Israel, Bahrain gear up for economic cooperation agreement
The agreement, after it comes into effect, is expected to lead to the establishment of a joint economic committee to promote its implementation, local media reports have pointed out.One out of every three cyberattacks in Bahrain hit corporates
About 36.8% of the 523 attacks were aimed at corporate entities and their employees during the first half, Russian-origin cybersecurity firm Kaspersky has pointed out in its latest study.WHO chief hails Bahrain efforts to combat Covid-19
Bahrain has seen more than 269,000 Covid-19 cases of the pandemic, which has resulted in 1,383 deathsSaudi Arabia has invested $650 million in Bahrain road sector
Saudi Arabia has invested around $650 million in the road sector of Bahrain through the Saudi Fund for DevelopmentBahrain to let restaurants, sports centers open Friday, July 23
Bahrain has announced that it will allow cafes, restaurants, sports centers and more to open for all on FridayBahrain mulls proposal to tighten control over food-delivery motorcycles
Bahrain is deliberating on a proposal to tighten control over food-delivery motorcycles in terms of traffic and healthBahrain to organize 2nd edition of youth skills initiative with $70,000 prizes
Shaikh Khalid bin Hamad Al Khalifa, first deputy chairman of the Supreme Council for Youth and Sports, approves $70,000 worth of prizes to organize the second edition of the Your Talent at Home Contest.Careem launches luxury car ride-hailing Bahrain-Saudi Arabia service
Bahrain residents can book the one-way luxury car ride to Saudi Arabian cities such as Dammam, Khobar, Dhahran, Jubail, Buqaiq, Hufof and Riyadh for $198 per ride.Trade between UAE, Bahrain vaults 75% to $672 million in Q2
Only Saudi Arabia traded more with Bahrain, with the total value reaching $781 million during the quarter Oman was followed by Kuwait, which recorded $99 million in bilateral trade in Q2 There has been an unexpected surge in trade between the United Arab Emirates (UAE) and Bahrain in the second...Bahrain to spend $324 million to build over 1,300 flats in Salman City
Bahrain plans to build a total of 1,382 flats on Island 12 of Salman City at a cost of BD123 million ($324 million)Diyar Al Muharraq starts training for engineering students in Bahrain
Real-estate development company Diyar Al Muharraq has launched a training program for engineering in BahrainBahrain to tap debt market to tide over financial crunch
The last time the Bahraini Kingdom tapped the international debt market was in January, when it raised $2 billionBahrain to ban plastic water bottles of less than 200ml
The move aimed at reducing plastic waste – and the resultant pollution – across the country The ban will be on the making, importing, and sale of all such water bottles, but not on those meant for export Bahrain will ban all plastic water bottles that have a liquid-holding capacity...Curbs, vaccination drive help GCC minimize COVID-19 impact
Strict restrictions and intensive vaccination drive help the region deal with the pandemic Massive drop in global oil demand and continuous closures in various sectors affect the GCC economies By imposing strict restrictions on its citizens and reaching advanced stages in vaccination campaigns, the GCC proved to be one of...Bahrain clinical trials unit beckons pharma manufacturers
Manufacturers can carry out trials at a fraction of cost in Europe, US National Health Regulatory Authority responsive to safe, quality research trials A clinical trials unit in Bahrain has said it can enable pharmaceutical manufacturers across the world to carry out clinical trials faster than in Europe and America...BisB launches redesign with the Riffa Innovation Hub
The Hub has a digital floor with self-service machines and digital services Customers can do card-less cash withdrawals or deposits, print account statements The Bahrain Islamic Bank — also known as BisB — has unveiled a redesign of its financial mall located in Riffa, the country’s largest city by size, it...Austria to welcome more GCC travelers from July 1
Austria will open border for tourists from all across the world, including GCC, from July 1 The move comes as the European country post looks to implement a post-Covid-19 strategy Austria has announced that it will open its border for tourists from all across the world, including those in the...Batelco revamps 5G packages for entrepreneurs, SMEs
The move is expected to enable entrepreneurs, SMES, and large corporations to experience the fastest and largest 5G network in Bahrain The enhanced packages deliver speeds six times faster than 4G, and higher data capacity Bahrain's principal telecommunications company Batelco has revamped its 5G Mobile Business Broadband packages...Bahrain to allow travelers with Covid-negative tests
*Bahrain to allow some travelers into the country, but bar many *Citizens of red zone countries like India, Pakistan, Sri Lanka are still banned to enter Bahrain While Bahrain will allow travelers with Covid-19 negative tests into the country, it however has said the ban on the entry of people...Bahrain’s FDI inflows reach $1 billion in 2020
*Though global FDI contracted by 35 percent, Bahrain's inward FDI stocks increased 3.3 percent to reach $31.7 billion in 2020 *World Investment Report 2021 Bahrain government plans to continue its reforms to attract direct investments Bahrain’s foreign direct investment (FDI) inflows increased by $1.007 billion in 2020, according to the...Bahrain’s Batelco looks to dual list on Tadawul, could be first to do so
Bahrain’s biggest telecommunications firm has hired the investment arm of Samba Tadawul has been trying to encourage Middle Eastern firms to dual list for years, without success Although the final decision has not been yet taken about the listing of the company on Tadawul, but if it gets...Bahrain unveils $1.2-billion stimulus package for Covid-hit sectors
The king has issued a royal decree to extend a number of initiatives for three months Bahrain’s Crown Prince and Prime Minister will oversee the implementation of the royal directives across the relevant authorities Bahrain's King Hamad bin Isa Al Khalifa on Monday, June 14, announced an economic stimulus...Bahrain, UAE to cooperate in teaching AI, digital economy skills
UAE’s National Program for Artificial Intelligence and Bahrain’s Nasser Vocational Training Centre have signed a pact The parties will also look into developing a related remote-learning and training system The United Arab Emirates’ National Program for Artificial Intelligence and the Nasser Vocational Training Centre in Bahrain have signed a cooperation...SNIC Insurance outsources health insurance to Health 360°
SNIC Insurance will outsource the management of its health insurance to Health 360 due to its international and regional partners Health 360° has acquired a substantial market share of the health insurance industry in Bahrain The Saudi National Insurance Company (SNIC) Insurance will outsource the management of its health insurance...Eazy appoints Abdulla Aloqab as Head of Innovation
Earlier, Abdulla Aloqab was an acting head of Innovation at the company He holds an ABET accredited Bachelor of Science degree in Computer Science Eazy Financial Services, a Bahraini digital payment service provider, has appointed Abdulla Aloqab as head of Innovation department, as part of its ongoing effort to develop...KFH awarded Best Bank in Kuwait, in Middle East
EMEA awards recognize the financial performance, banking excellence and innovative productsFakhri Hindiyeh is GM Grand Swiss-Belhotel in Bahrain
Hindiyeh has over 15 years of experience in managing 5-star hotels The newly opened Grand Swiss-Belhotel Waterfront Seef is the first hotel under the high-end brand Grand Swiss-Belhotel Swiss-Belhotel International has announced the appointment of Fakhri Hindiyeh as the General Manager for Grand Swiss-Belhotel Waterfront Seef. Hindiyeh has over 15...Gulf Air to resume flights to Alexandria, Sharm El Sheikh
Both seasonal destinations will be served by the airline’s new Airbus A321neoLR. Mykonos and Santorini have also been added as boutique summer destinations Gulf Air, the national carrier of the Kingdom of Bahrain, announces the two weekly flights to Alexandria and Sharm El Sheikh in Egypt beginning 30 June until...Kalaam Telecom acquires Kuwaiti ISP leader Zajil Telecom
The combined entity will turn it into a $100m technology solutions company Kalaam will be among the top three ISPs in the GCC and the only operator with an ISP license for Bahrain, Kuwait and Saudi Arabia Kalaam Telecom, Bahrain's leading technology solutions provider, has announced the...Kuwait Finance House launches wellness program for staff
Hintsa Performance has developed 'Better Life' wellbeing program for KFH staff Program elements include physical activity, nutrition, sleep and recovery, mental energy To ensure well-being and good health of its employees, Kuwait Finance House (KFH) – Bahrain, one of the leading Islamic banks, has announced the launch of its new...Energy deals top list as Bahrain issues $1.6bn tenders in Q1 2021
Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m Bahrain has issued government contracts worth $1.6 billion for the first three months, up 23 percent over the same period last...Covid-19: South Asia travelers to Bahrain need a test on arrival
Travelers will have to quarantine for 10 days before the second test Passengers from ‘red-list’ countries need to present proof of residency Bahrain will now be testing all the passengers, for coronavirus, arriving from India, Bangladesh, Pakistan, Nepal and Sri Lanka at Bahrain International Airport (BIA). The travelers will also...Work in full swing on $206m Bahrain wastewater plant
The project is being implemented by a consortium Once completed, it will have daily flow capacity of 400k cu m Work on the fourth phase of Bahrain’s Tubli Wastewater Plant Expansion project is progressing at full swing, authorities have said. Being implemented by the consortium of WTE Wassertechnik, Azmeel Contracting...Bahrain’s Q1 property deal volumes surge 36% to $600m
Bahrain’s Survey and Land Registration Board has said property transaction volumes in the first quarter rose to $600 million This is a rise of more than a third compared to $440 million in the same period last year Bahrain’s Survey and Land Registration Board has said in a report that...Bahrain imposes new curbs on entry to malls, restaurants
*Only the fully vaccinated people or those who have recovered from infection can only enter cinemas, service centers *Arrivals from India, Pakistan, Sri Lanka, Bangladesh, and Nepal need a negative PCR test certificate, 10-day quarantine Bahrain has announced new rules to combat the virus, including restricting entry to malls and...How is technology changing the fortunes of Bahrain?
Small island nation Bahrain is spearheading its investment in the technology sector in a bid to position itself as a major technology and innovation hub in the region. During the past few months, many new initiatives have been taken by the government to boost the technology domain while some of...Why is Bahrain pursuing unconventional path of diversification?
Gulf Cooperation Council (GCC) nation Bahrain is pursuing the path of diversification and has been able to diversify its economy quite efficiently in the last few years. Over the time, Bahrain has been able to cash in on the unexplored potential of sectors like tourism and technology. Owing to its...Bahrain on path of reforming public, private entities
Newly discovered oil and gas reserves announced last month by Bahrain open massive economic opportunities for the kingdom at a challenging time in the region. Simon Galpin of the Bahrain Economic Development Board detected an immediate “boost in confidence” both among domestic consumers and would-be foreign investors. Bahrain’s current oil...