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Bahrain’s Central Bank Issues Draft Crypto Regulations
The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.
Bechtel speeds up delivery of Alba’s Potline 6 Expansion in Bahrain
Aluminium Bahrain BSC (Alba), the Bahrain-based aluminium producer, has successfully produced the first hot metal at its Potline 6 Expansion project. Potline 6, which is being executed by Bechtel as the engineering, procurement and construction management (EPCM) contractor, will make Alba the world’
Professional services firm MCA expands to Bahrain ahead of VAT launch
Professional services firm MCA has extended its Middle East presence by launching a fresh Bahrain branch alongside its existing regional offices. Indian-founded professional services firm MCA, which offers a broad range of services covering the spectrum of accountancy, audit and assurance, internati
Tamkeen, Fives Group and Bahrain Polytechnic come together to increase the Bahraini workforce, here’s how
Labour Fund Tamkeen, Fives Group, and Bahrain Polytechnic launched a joint educational initiative aiming at increasing the number of Bahraini workforce in the industrial sector, by reinforcing the employability of Bahrainis and by bridging existing skill gaps, in-line with the Kingdom’s Vision 2030
Bahrain issues draft rules to regulate cryptocurrencies
Bahrain's central bank has issued draft rules on the trade in cryptocurrencies for consultation, setting up a framework to regulate virtual currencies as GCC countries look to increasingly tap into such assets.
Bahrain Gives Life Sentences to Two Dissidents
Bahraini judiciary officials on Thursday sentenced two defendants to life in prison after finding them guilty of “unlawful gathering and targeting a police patrol car with an explosive device in the village of Nuwaidrat”, Bahrain News reported.
McLaren enters into joint venture with Bahrain Merida
McLaren has entered into a 50 per cent joint venture with Bahrain Merida aimed at making the professional cycling team an internationally recognised brand at the top of the sport. McLaren, in which Bahrain’s sovereign wealth fund Mumtalakat has a majority stake, said yesterday that the deal would in
McLaren to collaborate with Team Bahrain Merida
McLaren has announced a partnership with UCI WorldTour outfit Team Bahrain Merida. The British technology company, renowned for manufacturing for the McLaren Formula One team, will become a 50 per cent joint venture partner in the cycling team.
Bahrain Autumn Fair to feature 650 stalls
More than 650 stalls from 19 countries will take part in Bahrain’s Autumn Fair which returns for its 30th edition from January 23 to 31. Held under the patronage of the Bahrain Ministry of Industry, Commerce and Tourism, this nine-day retail festival will be held at the Bahrain International Exhibit
Public sector’s role in social housing in Arab countries explored
Delegates explored the role of state institutions and authorities in engaging the private sector in supporting social housing projects. (SPA) JEDDAH: Housing Minister Majed bin Abdullah Al-Hogail led the Saudi delegation at a major conference in Bahrain, which opened on Tuesday.
Bahrain footballer to remain in detention: Thai court
A former Bahrain national footballer with Australian refugee status must remain in detention in Thailand as he awaits possible extradition, a Bangkok court said Tuesday, as campaigners say they fear he could be "tortured" if returned to the Gulf state.
This Bahraini startup wins Pitch@Palace Global People’s Choice Award
We’re happy to announce that our Bahraini startup AlRawi Books has been chosen as the winner of the Pitch@Palace Global 3.0 People’s Choice Award 2018. Alrawi Books is the brainchild of co-founders Hala Sulaiman, Ameera Al-Qubaiti and Mohamed Ebrahim. Launched in December 2016, the startup aims to c
While Working for Trump, Giuliani Courts Business Abroad
WASHINGTON — The special counsel’s investigation was grinding relentlessly onward, with President Trump’s former national security adviser pleading for leniency in his case and his former fixer about to be sentenced for his crimes. But Mr. Trump’s personal lawyer, Rudolph W. Giuliani, was in Manama,
Soccer player refugee "terrified" of being sent back to Bahrain
BANGKOK -- A Thai court ruled Tuesday that a soccer player who holds refugee status in Australia can be held for 60 days pending the completion of an extradition request by Bahrain, the homeland he fled four years ago on account of alleged political persecution and torture.
Thai court extends detention of fugitive footballer wanted for crimes in Bahrain
A Thai court on Tuesday extended the detention of a fugitive footballer wanted for crimes in Bahrain. Former Bahrain national football team player Hakeem Al Oraibi has been sentenced to 10 years in absentia by a Bahraini court for torching a police station.
Qatar dispute overshadows Gulf Arab summit as emir stays away
RIYADH (Reuters) - Bahrain and Qatar traded barbs over the Qatari emir’s decision not to attend a Gulf Arab summit in Saudi Arabia on Sunday, an absence that suggests a rift between Doha and three Gulf Arab states is unlikely to be resolved soon.
Australia urges Thailand to release refugee Bahrain footballer
MELBOURNE (Reuters) - Australia’s Foreign Minister Marise Payne has urged Thai authorities on Sunday to release a footballer who holds a refugee status in Australia and who has been detained in Bangkok since late November.
FFA criticised for response to Melbourne refugee facing extradition to Bahrain
Two weeks after he was first detained, Football Federation Australia has released its first public statement on the plight of a Melbourne refugee and footballer who fears being tortured if he is extradited from Thailand to Bahrain.
McLaren enters professional cycling
McLaren is to take its Formula 1 know-how in to the professional cycling, after announcing a joint venture with the UCI World Tour team Bahrain Merida on Wednesday. Through its McLaren Applied Technologies (MAT) company, the McLaren Group will become a 50 percent partner in the outfit and wants to t
Bahrain's Dragon City in Thai-themed project lease deal
Dragon City, the largest wholesale and retail trading centre in Bahrain, said it has signed a corporate agreement with Vega Intertrade and Exhibitions, one of the most sought-after exhibition and event organizers specialized in the Middle East and North Africa (Mena) region, to lease and operate Tha