350 Royal Con Scheme Social Media Accounts Shut Down in Bahrain
August 14, 2018

A BAHRAINI royal has managed to shut down more than 350 fake social media accounts, which used her photograph to con people into parting with their cash.

Businesswoman Shaikha Noora bint Khalifa Al Khalifa says she has been reporting more than 20 fake accounts on Facebook and Instagram every day.

The accounts were set up by con artists claiming to raise money for charity on"...

Petrofac wins gas wells contract in Bahrain
August 14, 2018

Petrofac, a leading global provider of oilfield services, has been awarded a multi-million-dollar additional scope of work for gas wells in Bahrain from Tatweer Petroleum.

The company’s Engineering & Production Services East business recently installed a 500 MMSCFD Gas Dehydration Facility for Tatweer.

Under the terms of the additional scope of work contract, Petrofac will execute on a lump-sum turnkey basis the engineering, procurement and construction (EPC) of additional Gas Wells and connect"...

Bahrain Airport Company official elected as ACI committee member
August 14, 2018

Najwa Abdul Rahim, Bahrain Airport Company (BAC) vice president of Information & Communication Technology, was elected to the ACI World Airport IT Standing Committee (WAITSC) following a successful nomination by Bahrain International Airport (BIA).

In this role, she will help to develop recommended practices and standards for airport IT and promote the digitisation of airports across the world. This significant appointment is in recognition of Rahim’s extensive expertise.

Airport Council"...

Bahrain's GFH Q2 profit rises 19% on investment returns and lower expenses
August 14, 2018

GFH Financial Group, the Bahrain-based Sharia-compliant investment firm, said its second quarter net income rose 19 per cent, boosted by income from investment deals and a decline in operating expenses.

Net profit attributable to shareholders in the three months ending June 30 reached $36 million (Dh132.2m), GFH said in a statement on Monday. Quarterly consolidated revenues increased 4.8 per cent year-on-year to $63.7m, which included legal claims settled"...

Zain Bahrain named fastest network in Kingdom
August 14, 2018

Zain Bahrain, a leading telecommunications provider in the Kingdom, has been recognized for achieving superseding internet speeds for the second consecutive quarter (Q1-2018 and Q4-2017) by the Telecommunication Regulatory Authority (TRA).

According to the latest TRA Quarterly Fixed Broadband Quality Service Report, Zain Bahrain achieved paramount results of HTTP download speeds for the fixed wireless broadband residential packages, while also outperforming their previous results in a number of key performance"...

Government Treasury issue 1717 oversubscribed by 101%
August 14, 2018

The Central Bank of Bahrain (CBB) announced that this week’s BD 70 million issue of Government Treasury Bills (GTBs) has been oversubscribed by 101%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government Bahrain.

The issue date of the bills is August 15 and the maturity date is November 14.

The weighted average rate of interest is 4.02%, compared to 3.99% for the previous issue on August 8.

The approximate"...