Bahrain's Investcorp acquires work-at-height safety business Kee for £280m
October 19, 2017

Bahraini investment firm Investcorp has scooped up fall prevention business Kee Safety from two UK private equity firms, in a deal valuing Kee at £280m.

London-based Dunedin, which previously owned a majority stake, bought the business from Lloyds Banking Group's private equity arm LDC for £90m in 2013.

Dunedin"...

Bahrain Signs $3.8 Billion Deal With Lockheed Martin for F-16 Fighter Jets
October 19, 2017

Bahrain has concluded a $3.8-billion deal with US aerospace and military equipment giant Lockheed Martin to purchase 16 upgraded F-16 fighter jets.

The Bahrain Defense Force announced on Tuesday it signed the agreement with Lockheed Martin during a military exhibition in the Persian Gulf sheikhdom, AFP reported.

The US State Department had informed Congress in March that it"...

Bahrain’s manufacturing, logistics sectors draw $200m in H1
October 19, 2017

Bahrain attracted more than $200 million worth of investment into its manufacturing and logistics sectors in the first half of this year, revealed the Bahrain Economic Development Board (EDB).

The investments are expected to create approximately 1,000 jobs over the next three years. The growth follows a substantial increase in the number of international businesses looking to use Bahrain as a hub to access and seize the regional opportunities offered in the GCC market and beyond, said a statement.

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Bahrain's Finocracy partners with top Singapore firm
October 19, 2017

Singapore’s Alpha Fintech is entering the high-growth GCC market, teaming up with Bahrain-based Finocracy, a financial technology (fintech) solution provider.

Alpha Fintech specialises in end-to-end payment solution, enabling banks to quickly access new fintech partners across the entire payments, risk and commerce spectrum. The company is backed by Wells Fargo’s"...

Security approach to further complicate crisis in Bahrain: FM source
October 19, 2017

Expatriation and heightening security approach in Bahrain could worsen the situation in Bahrain, said an anonymous source at Iran’ ministry of foreign affairs.

“Tightening security measures and enforcing outdated punishments like depriving protestors from their national citizenship not only helps the resolution of the current situation but will also further complicate the condition,” said an informed source at Iranian foreign ministry.

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AWS picks Bahrain for first datacentres in the Middle East
October 19, 2017
The recent announcement by Amazon Web Services (AWS) that it will invest in datacentre infrastructure in the region was welcome news for many of AWS customers in the region. If there was any surprise, it was the choice of country to host AWS first datacentres in the region. On the 25th of last month, AWS announced that it plans to set up what it refers to as an infrastructure region in the Middle East by early 2019. The new region, with its base in Bahrain, will consist of three availability zones. By picking Bahrain, AWS seemed to overlook Dubai, a traditional regional destination for global IT giants and Saudi Arabia, the largest economy in the region. Not necessarily, experts say. For cloud services particularly, being close to customers is the overriding factor, less so the specific host country. The size of the host market matters little in such deployments, says Megha Kumar,......