The Chairman of the Bahrain Independent Commission of Inquiry (BICI) Professor M. Cherif Bassiouni has regretted the stance of the seven Bahraini opposition political societies by not cooperating and not taking any positive steps towards the national reconciliation and national interests. “I wished that BICI report will be the basic for the reconciliation as it [...]
Britain is bracing for mass disruption to schools, hospitals and border controls on Wednesday as up to two million public-sector workers walk out over proposed pension reforms in what is set to be the biggest walkout for a generation. The proposed reforms have prompted wide anger among public sector workers, many of whom say they [...]
Bahrain’s Reload Consulting Services WLL (Reload Consulting), which specialises in digital information security services, signed agreements with global Indian Information Technology (IT) companies Secure Matrix and Prism Informatics Ltd at EDB, which will pave the way for the provision of leading information security services and IT solutions in Bahrain and across the region. Through the [...]
The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, announced the commencement of live trading of its conventional trading segment on the 23rd November 2011. Following the successful launch of its Islamic division (Bait Al Bursa) in February 2011, the BFX began operations of its conventional [...]
Silah Gulf (Silah), a multi-award winning contact centre and business process outsourcing (BPO) company, has added additional services to the National Contact Centre (NCC) of the Kingdom of Bahrain. Operated by Silah, the centre provides one-stop access to government services for citizens, residents and visitors to the Kingdom. Through the NCC hotline, 8000 8001, the [...]
Goldman Sachs initiated coverage of Batelco Group with buy rating. According to Goldman Sachs latest Global Investment Equity Research Report of EMEA Emerging Markets, covering 121 companies across 10 countries, identified Batelco Group shares as attractively valued and issued a “buy” recommendation to potential investors. Based on a number of criteria, Goldman Sachs, initiated coverage [...]
Fitch Ratings has affirmed Mubadala Development Company PJSC’s (Mubadala) long-term issuer default rating (IDR) and senior unsecured rating at AA. The Abu Dhabi-based diversified development and investment group’s Short-term IDR has been affirmed at ‘F1+’. The outlook for the long-term IDR is stable. Mubadala Development Company -GMTN B.V.’s (MDC) global medium-term note (GMTN) programme with [...]
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If all of the GCC countries were to achieve the diversification levels of Dubai, the GCC could potentially become a $2.7 trillion economic bloc, behind only China among the BRIC countries, according to Goldman Sachs report on EMEA emerging markets. “There are significant fuel subsidies in the domestic GCC markets which may steer resources towards [...]
