His Majesty King Hamad bin Isa Al Khalifa, the Supreme Commander, who visited the Interior Ministry, lauded the role being played by this vital organ of the state in maintaining the peace and stability in the Kingdom. Upon arrival, HM King Hamad was received by the Interior Minister Lieutenant General Shaikh Rashid bin Abdulla Al [...]
His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Deputy Supreme Commander, has announced that the actions and steps taken in the last few days to calm down the situation have achieved a relative tranquility that could take life in the Kingdom back to its normal state. This peaceful state of [...]
A national fund aimed at extending support to Bahrain youngsters has been established. The scheme was announced by Supreme Council for Youth and Sport Chairman, Shaikh Nasser bin Hamad Al Khalifa. The initiative followed a recommendation submitted by a group of youngsters, who met to reply to Shaikh Nasser’s call to engage youth in dialogue [...]
Aluminium Bahrain (Alba) board of directors which met on Monday approved the sales figures which reached $1.997 billion in 2010 as compared to $1.55 billion in 2009, according to a top official at Alba. The Chairman of Alba’s board of directors, Mahmood Hashim Al Kooheji announced the results following the first quarterly meeting of the [...]
Standard Chartered Saadiq’s leadership position in Islamic Banking was celebrated at the Euromoney Islamic Finance Awards. The bank was presented with three distinguished awards “Best Islamic Project Finance House”, “Most Improved in Asia” and Afaq Khan, CEO, Standard Chartered Saadiq, was honoured with a personal achievement award for “Outstanding Contribution to Islamic Finance”. Standard Chartered’s [...]
Bahrain-based Securities and Investment Company (SICO) on announced a net profit of BD3.785 million for the year ending December 2010 compared to BD3.078 million at the end of 2009, representing an increase of 23 per cent from the previous year. “The financial markets remained volatile during the year; however by the second half of the [...]
Bahrain Kuwait Insurance Company (BKIC) has achieved an increase of five per cent in the gross premium revenue from BD31.8 million in 2009 to BD33.4 million in 2010, according to a senior official. Ebrahim Al Rayes, the CEO BKIC told the annual general assembly on Monday that the growth reflects the confidence of clients in [...]
KPMG has been named ‘Best Islamic Assurance and Advisory Services Provider’ in the 2011 Euromoney Islamic Finance Awards. It’s the fourth time in a row the organization has taken the top prize which is a record in the advisory category. Now in their ninth year, the awards are regarded as the benchmark awards for the [...]
