Aecom named masterplanner for $700m Beyon Digital City project
Beyon, Bahrain’s largest communications and information technology company, has appointed Aecom as the master planner for its ambitious $700 million Digital City project. To read more click here.
Bahrain’s minister provides clarity on cryptocurrency rules
Bahrain is playing a pioneering role in regulating cryptocurrencies, implementing legal frameworks that provide confidence to investors while acknowledging associated risks, MPs heard. Finance and National Economy Minister said that the Central Bank of Bahrain (CBB) updates its regulations to keep pace with financial advancements. To read more click here.
Bahrain’s CBB introduces regulations for licensed financial institutions
The Central Bank of Bahrain (CBB) has introduced new requirements for licensed financial institutions relating to the appointment of board members and senior management. The new rules are issued under one common Module of the CBB Rulebook, replacing the “fit and proper” requirements which were previously included in the “Licensing Requirements”, “Authorisation” and “Training and […]
Noatum Maritime partners with ASRY to provide marine services in Bahrain
Noatum Maritime, a division of AD Ports Group’s Maritime and Shipping Cluster, has entered into a joint venture (JV) with Arab Shipbuilding & Repair Yard Company (ASRY), a maritime repair and fabrication facility in the Arabian Gulf, to provide marine services in Bahrain. To read more click here.
Bahrain: New Fines for Unrenewed Commercial Registrations
The Ministry of Industry and Commerce (MOIC) in Bahrain has decided on 21 October 2024 to impose an annual fine of BHD500 on each commercial registration that has not been renewed for three consecutive years. It has indicated that the decision does not include delays in renewing the registration for one or two years. It […]
Bahrain starts PQ for 1,200 MW Sitra IWPP
The Electricity and Water Authority (EWA) of Bahrain has announced the start of a pre-qualification (PQ) process for the Sitra Independent Water and Power Project (Sitra IWPP). To read more click here.
NEW MANDATES FOR BAHRAINI BUSINESSES: MINISTERIAL ORDER NO. 43 of 2024
Ministerial Order No. 43 of 2024 (the Order), issued by the Ministry of Industry and Commerce, sets new requirements for commercial entities in Bahrain regarding financial transactions and electronic payment services to enhance financial transparency and promote the adoption of electronic payment methods among commercial entities in Bahrain. Order No. 43 of 2024 mandates that […]
Bahrain’s Khalifa Bin Salman Port to host 11.4 MW solar plant
Bahrain’s Khalifa Bin Salman Port to host 11.4 MW solar plant: India’s Bhageria Industries plans to build a utility-scale PV facility at the Khalifa Bin Salman Port of northeastern Bahrain. To read more click here.
Bahrain receives bids for National Charter Highway Upgrade consultancy tender
MOW intends to appoint reputed international consultant to carry out comprehensive technical feasibility studies, concept and preliminary design, detail design and provide tender assistance to MOW for widening and upgrade of National Charter Highway and development-upgrade of secondary roads (service roads and supporting links). To read more click here.
Alba ties up with Daiki for sustainable aluminum dross processing business
Aluminum Bahrain (Alba), the world’s largest single-site smelter, and Daiki Aluminum Industry Company, Japan’s leading aluminum product manufacturer, announced today a strategic partnership to establish a sustainable aluminum dross processing business in the Kingdom of Bahrain. To read more click here.
