Africa is not only ready for Islamic finance but also is aiming to take its stand in the global Islamic finance arena, a senior official of Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) has said.
Air Arabia, the low-cost carrier based in Sharjah, UAE, aims to operate services to all airports in the Arab world, stretching from the Atlantic Ocean to the Indian Ocean, its top official has said.
The airline's chief executi
Tamkeen board of directors have approved its revamped enterprise support programme during their third regular meeting.
They also reviewed the financial statements of the first six months of this year, its revamped enterprise suppo
A delegation from the Saarland state in Germany met a number of business leaders in Bahrain to discuss key economic developments in the kingdom, and to prepare for an official visit to Bahrain soon.
Saarland is considered a hub fo
Pharmaceuticals, agriculture and engineering services are key industries where potential exists in expanding India-Bahrain bilateral trade, it has emerged.
At a meeting chaired by Industry and Commerce Minister Dr Hassan Fakhro to
Bahrain is promising further advancements in online services, despite already being ranked among the top 20 in the world in a United Nations (UN) report.
The kingdom was placed 18th overall out of 193 countries
Bahrain government is taking all steps to improve the commercial climate for organic growth of firms, including facilitating new company incorporations, and continuously amending laws and regulations to ensure their relevance, said a senior offici
President Barack Obama has proposed a lower corporate tax rate and an end to dozens of loopholes he said helps US companies move jobs and profits overseas.
"It's not right and it needs to change," he said.
The president wants to lo
Qatar's energy minister said on Tuesday that worries over the debt crisis in the euro zone were pushing oil prices down, rather than issues relating to supply and demand.
Mohammed Saleh al-Sada made the comment on a visit to Tokyo.
US officials are engaged in "informal" talks with several GCC countries on possibly concluding a Middle East Free Trade Agreement (Mefta) by 2014, it was revealed yesterday.
"President George W Bush had proposed this free trade initiative