Bahrain News

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Vicky Holland joins Bahrain Endurance 13

We didn’t see that one coming. In January (HERE), the Bahrain Endurance 13 (www.bahrainendurance13.com) announced their 2019 roster of 13 athletes, highlighting an increased focus on Olympic-distance racing as we move closer to the 2020 Olympic and Paralympic Games in Tokyo. With 13 athletes named a


Just Like That, Oman's Bond Yields Are Back Below Bahrain's

(Bloomberg) -- The hefty premium investors demanded to hold Oman’s Eurobonds rather than those of lower-rated Bahrain has just vanished. The sultanate’s plans to slash its borrowing requirements and rely on asset sales for funding lifted Eurobonds due 2028 by the most on record, driving the yield do


Bahrain’s Central Bank Launches Sandbox for Blockchain Companies: Report

Bahrain’s central bank is launching a regulatory sandbox to allow blockchain and crypto companies to work in the country, pending formalized regulations. The news was reported by Bloomberg оn Feb. 20.


Bahrain's $10 Billion Rescue Gives Investors Gulf's Best Return

(Bloomberg) -- Bonds of Bahrain, the smallest member of the Gulf Cooperation Council, have handed investors the biggest return since the island nation’s $10 billion bailout last year. For those holding Oman’s debt, the losses have piled up.


Bahrain Sentences 39 to Jail on Terrorism Charges

Bahrain sentenced on Tuesday members of three cells on terrorism charged. Thirty-nine were sentenced to prison and fines, while 25 had their nationality revoked. Chief of Terror Crime Prosecution Advocate General Ahmed al-Hammadi stated that Bahrain's Fourth High Criminal Court handed down sentences


Bahrain's Investcorp launches India office

Bahrain-based Investcorp has announced the launch of Investcorp India Asset Managers Limited and the opening of its first India office. The office will have $450m assets under management (AuM) and a team of 21 investment professionals, the company said in a statement.


Royal University for Women in Bahrain makes gift to WVU

International students enrolled in West Virginia University’s civil engineering program in Bahrain now have an opportunity to receive tuition assistance thanks to a gift from the Royal University for Women.


Head of Bahrain Journalists Association: Print Media Won’t Disappear

The Chairman of Bahrain Journalists Association, Ahdeya Ahmed, believes that print media will not be disappearing anytime soon, but says changes need to be administered. In today’s digital age, the once-thriving industry struggles to secure an income.


Bahrain: Authorities take legal action against local mining company Bramco for labour violations

Bahrain authorities have stepped in to resolve an ongoing unpaid wages row in a company...the Labour and Social Development Ministry...had lodged its own complaint against the company over allegations it has failed to pay more than 100 employees for months...A top government official told the GDN th


Football finds its conscience

Forget Man City’s thrashing of Chelsea, or the QPR-Birmingham epic at Loftus Road, last week’s biggest football story was about a Bahraini full back being released from detention in Thailand.


Report: Bahrain Spirit FSU arrives in Persian Gulf

By Bojan Lepic Bahrain’s first LNG floating storage unit (FSU), the Bahrain Spirit, reportedly arrived in the Persian Gulf this week.


Viper for Bahrain [IDEX19D2]

Earlier this month, Bell Helicopter Textron was awarded a US Naval Air Systems Command contract worth $240 million covering the supply of 12 AH-1Z Viper attack helicopters to the Kingdom of Bahrain. The sale was notified to US Congress in April 2018. The request included the provision of AGM-114 Hel


Australia police say they didn't know Bahraini was refugee

CANBERRA, Australia – Australian Federal Police did not know a Bahraini soccer player was a refugee who feared persecution in his homeland when the agency alerted Bahrain and Thailand he was on a flight bound for Bangkok, a top police official said Monday.


Bahrain's Mumtalakat set to raise $600 mln in sukuk

DUBAI, Feb 20 (Reuters) - Bahrain’s sovereign wealth fund Mumtalakat is set to raise $600 million in sukuk, or Islamic bonds, with a 5.625 percent yield, a document issued by one of the banks leading the deal showed.


Refugee footballer Hakeem Al-Araibi arrives in Australia after Bahrain extradition case dropped

(CNN)Refugee footballer Hakeem Al-Araibi has landed in Australia, after spending two months in a Thai jail fighting extradition to his birth nation of Bahrain. On Tuesday morning local time, the 25-year-old arrived at Melbourne Airport, where he was met by former Australian national football team ca


Gulf Hotels Group brings Bahraini hospitality to the UAE

Gulf Hotels Group (GHG), Bahrain’s home-grown hospitality provider, has announced the official opening of its first UAE property, The Gulf Court Hotel Business Bay. The 4-star property marks the first phase of GHG’s expansion plan across the region.


Michael Jackson's brother Jermaine says family plotted his escape if he was found guilty of child abuse

Michael Jackson's family revealed they had made a secret plan for the King of Pop to flee the country if he was ever convicted of child abuse in 2005 because he "wouldn't survive prison". Jermaine Jackson, his brother, revealed the plan in 2011, to have a private jet waiting for him to immediately f


Bahrain's Mumtalakat starts marketing dollar sukuk

DUBAI, Feb 20 (Reuters) - Bahrain’s sovereign wealth fund Mumtalakat started marketing its planned five-year U.S. dollar Islamic bonds, or sukuk, with an initial yield guidance of around 6.25 percent, a document issued by one of the banks leading the deal showed.


Bahrain drops extradition request for "terrified" refugee soccer player Hakeem al-Araibi

Bangkok -- A Thai court ordered the release of a refugee soccer player on Monday after prosecutors said they were no longer seeking his extradition to Bahrain in a case that had drawn worldwide attention. Court spokesman Suriyan Hongvilai said that Hakeem al-Araibi was being processed for release.


Bahrain FM: Kingdom will Normalize Ties with Israel “Eventually”

The Kingdom of Bahrain will “eventually” establish diplomatic ties with the Jewish State, the country’s Foreign Minister Khalid bin Ahmed Al Khalifa said Thursday in an exclusive interview with The Times of Israel.