Friday 27 February 2015

HSBC Mideast clarifies on licence cancellation

HSBC Bank Middle East has said its Bahrain operations continue as before and are unaffected by the cancellation of a legacy licence in the country. In a statement, the bank said “the cancellation of the wholesale banking licence of The Hong Kong & Shanghai Banking Corpo


Bahrain forum set on business process management

Bahrain’s eGovernment Authority (eGA) is set to organise a workshop entitled 'Holistic Business Process Management: Improvement to Transformation.’ It will be held as part of the eighth edition of the Bahrain International eGovernment Forum 2015, on March 15, und


Saudi economy a ‘pillar of strength’ in GCC

Saudi Arabia's strong economy has a hugely positive effect on trade and investment relations with Bahrain, said the Premier yesterday (February 26). His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa stressed that the great support of Custodian of the Two


Viva Bahrain backs Global Islamic Investment Gateway

Leading telecommunications operator Viva Bahrain will be the technology sponsor for the upcoming 2015 Global Islamic Investment Gateway (GIIG). The two-day event, which will kick-off on March 2, is being organised by Thomson Reuters, the Islamic Development Bank and the Economic


Oil price decline 'has caused knock-on effect'

Oil prices are an essential component of the revenue structure for most regional economies and an essential lifeline for those who rely on oil production revenue, according to an expert. During an interview with Euromoney Conferences at the recently concluded GCC Financial Forum,


Citi Bahrain banks Euromoney GCC Financial Forum

Citi Bahrain was one of the exhibitor sponsors of the Euromoney GCC Financial Forum which recently concluded in Bahrain. The forum was co-hosted by the Bahrain Economic Development Board (EDB) and held for the fourth consecutive year. It examined the growth and dev


StanChart picks ex-JPMorgan executive as CEO

Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems. Asia-focused bank Standard Chartered said on Thursday chairman


Bahrain banks on infrastructure, private sector

Bahrain's economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the private sector to offset shrinking energy sector revenues, officials and businessmen said this week. The kingdom of about 1.3 million people is among the fina


200 top executives take part in Dubai Forward

More than 200 private bankers, independent asset managers, family offices and corporate service providers took part in Dubai Forward, which was organised by the Swiss group Academy and Finance, in partnership with Mashreq Private Banking. The participants were from Geneva, Zurich


Bahrain stepping up effort to support SMEs

Bahrain is stepping up efforts to make small businesses a major contributor to its growth. Industry and Commerce Ministry said that small and medium enterprises' (SMEs) contribution to Bahrain GDP is 28 per cent and it has plans to increase this to 35 per cent in the next thr

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