BAHRAIN NEWS AND BUSINESS UPDATES
Your starting point for all the latest news stories concerning business, legal and other stories and events concerning Bahrain and the Gulf region.
Sheikh Mohamed bin Khalifa Al Khalifa, the oil minister of the Kingdom of Bahrain said that Bahrain Petroleum Co (Bapco), Bahrain’s state-owned company, and the Frances TechnipFMC will sign a $4.2 billion contract for the expansion of the refinery, expected to commence within 50 months. To read more click here.
Bahrain’s National eGovernment Strategy achieved 91% of it’s 2017 objectives, which included reaching more than a million online transactions across various online channels, as well as receiving more than BHD74 million in payments for Electricity & Water, General Directorate of Traffic, Sijilat, University of Bahrain and Identity Card services. To read more click here.
Bahrain FinTech Bay (BFB) announces its intention to launch RobustWealths investment platform which automates almost entirely the investment decision making process. To read more click here.
Alba has signed a memorandum of understanding with General Electric (GE) whereby the latter will initiate a technical and commercial feasibility study to transforming power generation in the aluminum smelting industry by installing the GE 9HA technology at PS 5. To read more click here.
Gulf Air, the Kingdom of Bahrain’s national carrier, has introduced a ‘Bahrain tourist visa service exclusively for passengers flying across its global network. Travelers with return Gulf Air tickets can now apply for a visa to Bahrain online via: visa.gulfair.com or by visiting their local Gulf Air sales office. To read more click here
Bahrain’s Petroleum Company (BAPCO) has awarded athe US$4.2 billion deal to modernize refinery facilities to Korean based, Samsung Engineering Co. The modernisation is expected to boost barrel production from 267,000 to 360,000 per day. To read more click .