Sunset Hospitality Group to open new skypool at The Palm Tower
December 10, 2019

Sunset Hospitality Group, a Dubai-based hospitality investment and management company, is expanding its portfolio in the region, with the announcement of a new Aura Skypool & Lounge at Palm Jumeirah, Dubai.

Slated for opening in Q4 2020, Aura Skypool will occupy the entire 50th floor of The Palm Tower, the iconic hotel and residential landmark development from Nakheel, situated in the heart of the world-famous island. At 210 metres above ground, the skypool is one of the highest in the world, and will offer"...

CBB's Treasury Bills issue 1786 oversubscribed by 175%
December 10, 2019

Manama, Dec. 10 (BNA): The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 175%.

The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.

The issue date of the bills is 11th December 2019 and the maturity date is 11th March 2020.

The weighted average rate of interest is 2.56% compared to 2.58% for the previous issue on 4th December 2019....

Global economic power to shift to E7 states by 2030: report
December 10, 2019

The world will witness a long-term economic power shift by 2030 as the emergence of strong E7 countries (China, Russia, India, Brazil, Mexico, Indonesia, and Turkey) challenges the dominance of G7 states (the US, Canada, France, the UK, Germany, Italy and Japan), a report said.

The report titled ‘The World in 2030: Trends, Transitions, Challenges and Opportunities’ released by the Arab Strategy Forum in partnership with Future World Foundation at the 12th Arab Strategy Forum (ASF 2019) in Dubai, makes"...

GDA launches mentorship initiative
December 10, 2019

Manama, Dec. 9 (BNA): The Gulf Downstream Association (GDA) recently announced the launch of its cross-company mentorship programme, another new and unique initiative aimed at accelerating talent development amongst its Founding Companies, at a kick-off workshop attended by more than 30 participants at BAPCO Club, Awali, Kingdom of Bahrain.

With sustainable development of the oil and gas sector an economic priority for the region, mentorship has been identified as an effective method for grooming the industry’s"...

ICICI Bank opens new service centre in Bahrain
December 10, 2019

ndia’s ICICI Bank has inaugurated a service centre at Mannai Plaza, near Oasis Mall in Juffair, Bahrain, marking the second physical touch point of the bank in the country, the first being the existing retail branch at Manama Centre.

The service centre provides services for all products offered by the Manama branch, except cash deposit and withdrawal. ICICI Bank offers retail, private banking and corporate banking services in Bahrain.

Alok Kumar Sinha, Indian Ambassador to Bahrain inaugurated"...

China's CMEC wins contract to build 3,000 homes in Bahrain
December 10, 2019

China Machinery Engineering Corporation (CMEC) said it has been awarded a major contract worth $691 million by Bahrain's Housing Ministry for the construction of 3,000 housing units and land plots under the East Sitra Town development plan.

The agreement comes following the directives from HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier, to start work on the development.

The project is being implemented in three phases, with the Phase One"...


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