Business Weekly

Business Weekly




Gulf Air staff complete Boeing programme

May 20 - 26, 2009
485 views

Gulf Air's revenue management director Hassan Al Rasheed and technical quality assurance director Jamal Hashim, returned to Bahrain after successfully completing the first-level of the Boeing Executive Programme.





Islamic banking proves resilient

May 20 - 26, 2009
555 views

The total value of Bahraini banks' Islamic banking assets increased by 50 per cent in 2008 to $24.6 billion (BD9 billion), according to figures issued by the Central Bank of Bahrain (CBB).





Internship chance for 40 graduates

May 20 - 26, 2009
574 views

MORE than 40 graduates will be traveling between Bahrain and the USA this summer as part of a business internship programme.





The high cost of absenteeism

May 20 - 26, 2009
889 views

Sick absenteeism in the civil service cost the Bahraini exchequer some BD4.5 million last year. The Civil Service Bureau says last year 178,000 absent days were recorded with civil servants taking off the equivalent of five years' sick leave a month.





Stunning debut for Silvercraft at Bahrain show

May 20 - 26, 2009
577 views

Gulf Craft Inc, a leading player in the global boat and yacht manufacturing industry, has experienced strong interest and sales from its debut appearance at the first Bahrain Boat Show.





Top investment firm defaults on bond issue

May 20 - 26, 2009
500 views

Kuwait's top Islamic firm, Investment Dar, has defaulted on a $100 million Islamic bonds (Sukuk) issue as it battles the impact of the global financial crisis, its Bahrain unit said.





Shamil Bank exceeds first quarter target

May 20 - 26, 2009
472 views

Shamil Bank, a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned subsidiary of Ithmaar Bank, announced that it had exceeded its first quarter target and reported net profits of $5.9 million for the period ended March 31, 2009.





Menatelecom to increase outlets

May 20 - 26, 2009
498 views

Bahrain-based Menatelecom is planning to increase the number of its retail outlets after reporting that its subscriber base had 'exceeded expectations' since it was launched over five months ago.





Batelco enters Indian telecom market

May 20 - 26, 2009
471 views

Batelco chairman Shaikh Hamad bin Abdulla Al Khalifa has announced that Batelco has completed formalities to finalise the acquisition of a 49 per cent shareholding in S Tel Limited (S Tel) for $225 million.