ArchivesTag : investment
Bahrain Fund Looks Abroad for Growth
Overseas Holdings Expected to Increase To 50% From 5% Bahrain’s sovereign-wealth fund plans to increase its overseas investments to make up about half of its portfolio, while also expanding its domestic investments, a senior Bahraini official says. The comments from Mohammed Bin Essa Al-Khalifa, the chief executive of Bahrain’s Economic Development Board, suggest that the [...]
Full StoryInvesting Abroad
Bahraini investors are increasingly looking overseas, particularly at Central and Eastern Europe, targeting investments in the transport, logistics, finance and real estate sectors. One of the most active players has been the investment bank Arcapita, formerly known as First Islamic Investment Bank. According to recent media reports, Arcapita is on the verge of taking over [...]
Full StoryAsset hunt
A push by Bahrain’s parliament for greater transparency in recording government assets could mean delays for the Kingdom’s main investment authority, which has announced plans to diversify its holdings. Last November, a parliamentary committee was established to determine the extent of the government’s assets and investments, and to investigate whether there had been any abuse [...]
Full StoryDevelopments Afield
Bahrain’s Gulf Finance House (GFH) will ring in the new year in style, putting the final touches to two multi-billion dollar deals in mid-December that will lock the company into major developments in North Africa and the Indian subcontinent. On December 17, GFH unveiled plans for a new financial centre to be built in Tunisia, [...]
Full StoryBatelco Getting Bigger
Bahrain’s telecom company Batelco is looking to further spread its wings and build on its already impressive portfolio of foreign investments. The company has announced it will spend up to $4bn in the next two to three years on overseas acquisitions, on top of the $700m it has already invested in Jordan and Yemen. However, [...]
Full StoryEnterprising Women
Hailed as a regional leader in promoting greater involvement of women in business, Bahrain’s efforts to assist start-up enterprises and the liberalising of its economy have been touted as major factors in this success. Bahrain’s model for assisting business start ups, with support services providing training, financing and marketing, has been a catalyst for creating [...]
Full StoryInvestment Wharf a massive boost
The new BD600 million Bahrain Investment Wharf will give the country a massive economic boost, Industry and Commerce Minister Dr Hassan Fakhro declared yesterday. It will attract foreign investment, new industries and create “thousands and thousands of jobs”, he told a business community gathering at his office in Seef. The project will boost the country’s [...]
Full StoryGoing Private
Bahrain’s government said it would step up its programme of privatising state-run commercial enterprises and services as part of its commitment to opening up the economy, boosting employment and attracting investment. The privatisation programme has moved forward on several fronts, Sheikh Mohammad bin Issa Al Khalifa, the chief executive of the Economic Development Board (EDB), [...]
Full Story$3bn FDI bonanza
The tangible results of Bahrain’s recent initiatives aimed at enhancing the economy are illustrated in the almost tripling of Foreign Direct Investment (FDI) to the kingdom last year. This was revealed yesterday by Economic Development Board (EDB) chief executive Shaikh Mohammed bin Essa Al Khalifa, following the publication of an international report by the United [...]
Full Story$3.5bn Bahrain Centre of Excellence planned
Bahrain International Circuit (BIC) and MCC Project Partners (MCCPP) have announced a joint venture to develop the Bahrain Centre of Excellence, an independently funded $3.5 billion world-class centre of innovation in the automotive engineering, motorsport and alternative energy sectors. The centre is designed by internationally acclaimed architect Zaha Hadid. The Bahrain Centre of Excellence will [...]
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