'No' says government to housing on reclaimed land
December 10, 2017

A bill calling to set apart 25 percent of the reclaimed lands in the Kingdom for housing projects has been rejected by the government saying, “It violates the Kingdom’s constitution and limits investment opportunities”.

Land reclamation permits, according to the statement issued, are mainly given for projects envisaged in the tourism and industrial sectors.

Rejecting"...

Things you might not know about bitcoin
December 10, 2017

Bitcoin rocketed to another record high close of $16,000 on the Luxembourg-based Bitstamp exchange on Thursday after gaining more than $4,000 in just 48 hours, stoking concerns that a rapidly swelling bubble could be set to burst. There were huge disparities between prices across different exchanges. On GDAX, one of the biggest, the price reached $19,500. Here are some facts that you might not know about the largest and best-known cryptocurrency.

HOW"...

HRH Crown Prince meets Lockheed Martin delegation
December 10, 2017

His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, today met a delegation from Lockheed Martin, including President of the Middle East-Africa Region, Vice Admiral (Ret.) Anthony L. Winns, and Vice President for International Government Affairs, Nancy Ziuzin, on the sidelines of the 2017 Manama Dialogue.

During the meeting, His Royal Highness welcomed Lockheed Martin to the 13th edition of the Manama Dialogue, emphasising that the participation"...

King Hamad hails Bahrain-British strategic partnership
December 10, 2017

His Majesty King Hamad bin Isa Al-Khalifa today received at Al-Sakhir Palace British Secretary of State for Defence, Mr. Gavin Williamson MP, and the UK’s Minister of State for the Middle East, the Rt. Hon Alistair Burt MP, on the sidelines of the 2017 Manama Dialogue.

HM the King welcomed the British officials, lauding deep-rooted historical relations and solid strategic partnership binding the Kingdom of Bahrain and the United Kingdom.

He stressed keenness on expanding joint cooperation in"...

HRH Crown Prince meets representative of Amazon Web Services (AWS), CEO of IronNet Cybersecurity
December 10, 2017

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, today met the Vice President of Worldwide Public Sector for Amazon Web Services (AWS), Teresa Carlson, and CEO of IronNet Cybersecurity, General Keith Alexander, on the sidelines of the 2017 Manama Dialogue.

HRH the Crown Prince, Teresa Carlson and Keith Alexander highlighted that Bahrain and the United States continue to develop strong public and private sector partnerships across a range"...

GFH in talks for further education, tech acquisitions in 2018
December 10, 2017

GFH Financial Group, the Bahraini Islamic investment bank, is in talks to acquire new education assets after it sold part of its schools portfolio last week. It is also looking to acquire a UAE technology platform and a regional bank.

GFH announced last week the sale of a US$150 million stake in its $300m GCC educational portfolio to UK schools provider Inspired, marking the latter’s entry into the Middle East.

Hisham"...