Bahrain

June 26, 2013

Bahrain parliament
10:53 GMT

Bahrain's state spending is expected to jump 11 percent this year, by more than originally planned, after its parliament approved 174.2 million dinars ($462 million) in additional expenditure, official data showed.

June 24, 2013

Acting auditions (Photo used for illustrative purposes)
09:55 GMT

On the wings of the Arab Idol finale, a Bahrain based search has begun to find an aspiring actor to play the leading character in the film 'Rachel and Talal'.

June 18, 2013

Central Bank of Bahrain
13:57 GMT

The Central Bank of Bahrain (CBB) announced that this week's BHD 35 million issue of Government Treasury Bills has been oversubscribed by 123 per cent.

June 11, 2013

Payments will be backdated to January and will cost the government BD105 million this year and next.
12:06 GMT

Bahrain has agreed to increase payouts to around 100,000 needy families in an attempt to end the impasse on the national budget.

Bahrain Airport
11:46 GMT

There is keen international interest in the kingdom's aviation industry, Bahrain Airport Services (BAS) has said.

It was last in the market in July last year, with a $1.5 billion 10-year bond which yielded 6.143pc.
11:31 GMT

Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said yesterday, with proceeds likely to be used to plug an expected budget deficit for 2013.

June 9, 2013

Bahrain's  consumption now is nearly 3,000MW per day
11:36 GMT

A project that aims to nearly double the amount of power produced in Bahrain to help meet its future water and electricity demands is gathering pace.

June 4, 2013

09:03 GMT

A court in northwestern Bangladesh has issued a warrant ordering the arrest of a judge who has repeatedly defied summons to testify in a case involving the gang rape and murder of a college student in 2008.

June 1, 2013

Three more people in Saudi Arabia have died from the SARS-like virus. Image for illustrative purposes only.
08:05 GMT

Saudi Arabia's health ministry announced that three more people in the country have died from a SARS related respiratory virus, bringing the global death toll from the disease to 30.

May 30, 2013

Seven Bahraini policemen were injured after a 'terrorist' bomb went off just outside Manama on Thursday. Image courtesy of gulfbusiness.com
12:55 GMT

Seven Bahraini policemen were injured in a bomb that went off just outside capital Manama on Thursday. 10 suspected terrorists behind the attacks have been arrested, according to the Interior Ministry.

May 27, 2013

Bahraini protestors shout slogans and hold up pictures of Bahraini top senior shiite cleric, Sheikh Isa Qassim, during an anti-government rally to support Qassim in the village of Diraz, west of the capital Manama, on May 24 (Mohammed Al-Shaikh/ AFP)
12:58 GMT

Lawyers for the defendants claimed they had been tortured after they were arrested during the 2011 protests

A Bahraini MP has come forward to call for a Gulf Army as a prelude to a Gulf Union. Image courtesy of chinadaily.com
04:00 GMT

A Bahraini MP has come forward to call for a unified Gulf Army to help protect the region.

May 26, 2013

Bank Muscat
10:50 GMT

BMI Bank, a Bahrain-based associate of bank muscat, announced that it has agreed, in principle, in favour of a merger with Al Salam Bank Bahrain (ASBB), an Islamic bank incorporated in Bahrain.

May 23, 2013

The oversubscription of the issue demonstrates increasing investor appetite for sukuk
11:45 GMT

Bank Alkhair, a Bahrain-headquartered Islamic wholesale bank, has announced the successful closure of the first tranche of a $750 million sukuk programme by Saudi Arabia's Dar Al Arkan real estate development company.

May 20, 2013

Non-oil GDP rose to an expected 6.7pc in 2012
10:40 GMT

Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9pc growth seen in 2011.