Survey finds Qataris spend more on luxury than rest of region

 A recent study by American Express Middle East involving five Gulf Cooperation Council countries found that residents of Qatar spend approximately $4,000 a month, or about 12 percent of their average household income, on luxury items.The findings indicate Qataris spend more money on luxury goods than the rest of the region. The survey was conducted by Gfk.  Read More »

Aluminium Bahrain demonstrates its corporate citizenship

Aluminium Bahrain (Alba) showed its dedication to corporate citizenship by supporting the recent Bahrain International Corporate Social Responsibility (CSR) Award 2016 organized by the Bahrain CSR Society. “Alba believes in its responsibility towards the community in which its operates and as an active corporate citizen,” Alba Chief Financial Officer Ali Al Baqali said. Read More »

Batelco teleport services in Bahrain recognized by World Teleport Association

Bahrain-based Batelco has provided a fully furnished teleport to Bahrain as part of its commitment to provide top quality teleport services to satellite and VSAT operators and putting the country on the map globally when it comes to satellite operations. Batelco was recently welcomed as an Industry Patron Member by the World Teleport Association due to the company’s achievements. Read More »

GFH Financial Group highlights a successful year at annual meeting

Bahrain-based regional financial services group GFH Financial Group (GFH) completed the annual general meeting (AGM) for the year ending Dec. 31. “2015 was a positive year for GFH, despite challenging market conditions,” GFH Chairman Ahmed Al-Mutawa said. During the meeting, Al-Mutawa summarized the group’s business transactions and revealed the financial results for 2015. Read More »

Banking veteran promoted to BBK chief executive

BBK (Bank of Bahrain and Kuwait) recently promoted Reyadh Yousif Sater, the deputy chief executive of the bank's business group,  to serve as BBK's new chief executive. Sater is taking over for Karim Bucheery, who has retired from the chief executive position after eight years. "I would like to convey my deep appreciation to the board for the trust they place in me," Sater said. Read More »

SAMENA Telecommunications Council taps Batelco Group CEO to be its vice chairman

The SAMENA (South Asia, Middle East, North Africa) Telecommunications Council recently named Batelco Group CEO Ihab Hinnawi as vice chairman of its board of top executives from the region’s leading telecommunications companies. Hinnawi's election to the board is part of the telecommunications council's effort to put a new leadership team in place. Read More »

Gulf Air adds four weekly flights from Bahrain to Riyadh

Gulf Air, Bahrain’s national carrier, said it will add four new afternoon flights each week to King Khalid International Airport in Riyadh beginning Thursday. Gulf Air will increase flights between Bahrain International Airport and Riyadh from 28 per week to 32. The additional flights between Bahrain and Riyadh are scheduled for Monday, Tuesday, Thursday and Saturday. Read More »

Batelco teams up with Ericsson on region's first LTE AIR site

Batelco said that more Bahrani mobile phone users will be able to find service, thanks to the installation of the region's first LTE AIR site. AIR stands for antenna integrated radio and uses specialized towers that combine broadcasting functions that would normally require two separate towers. Batelco officials said the AIR towers are easier to install and are more energy efficient. Read More »

Adams Offshore to join Gulf Industry Fair lineup in Bahrain

Adams Offshore will bring its products and services to this year's Gulf Industry Fair being held Feb 9-11 at the Bahrain International Exhibition and Convention Centre. "We have chosen Gulf Industry Fair 2016 as our platform to celebrate our reputation as the Middle East's global operator in the offshore industry," Adams Offshore Bahrain General Manager R. Rajeev Kumar said. Read More »