Pilot scheme for instantaneous cross boarder payments introduced.
The transferring of funds from and to Bahrain will be made faster in a pilot scheme introduced by Bank ABC and J.P. Morgan in collaboration with the Central Bank of Bahrain (CBB). Using state of the art technology and digital currency, suppliers will be paid faster eliminating the barriers that currently exist in traditional cross-border […]
All staff from Bahrain’s Gulf Air now vaccinated.
Gulf Air started their vaccination campaign in December 2020 and has now achieved a 100% vaccination rate for it’s crew including pilots and flight attendants. It also started trialing the IATA Travel Pass where those holding a biometric passport developed by IATA and flying to certain destinations can trial the app in line with the […]
Travel corridor established between Bahrain and UAE.
The safe travel corridor between Bahrain and the UAE will take effect on the first day of Eid al-Fitr meaning vaccinated citizens and residents travelling between the two countries will not need to quarantine. Proof of vaccination will be required via approved apps (BeAware app in Bahrain and the Al Hosn app in the UAE) […]
PCR tests are no longer required for those arriving to Bahrain.
Starting from the first day of Eid Al-Fitr, those that have been vaccinated or have recovered from Covid-19 are no longer required to take a PCR test on arrival to Bahrain. At the same time, those that are vaccinated will be able to attend various indoor services on presentation of their vaccination certificates via the […]
ZU’BI & PARTNERS WIN AT THE CHAMBERS MIDDLE EAST AWARDS 2021
Zu’bi & Partners, Attorneys & Legal Consultants (Z&P), Bahrain’s oldest established and leading law firm, and one of the region’s top tier law firms, won the Corporate & Finance Domestic Law Firm of the Year for the Kingdom of Bahrain at the Chambers Middle East Awards 2021. The award was presented on an online live […]
Drilling to start in 2022 on the shale oilfield discovered in Bahrain in 2018.
Bahrain’s Khaleej al-Bahrain field is the biggest oil and gas field find since 1932. Discovered in 2018 state-owned Tatweer Petroleum plans to drill evaluation wells which will assist in attracting international investors and oil firms to develop the field using hydraulic fracturing or fracking. The first production wells are expected to start at the end […]
Latest data available from Bahrain’s Tender Board on contracts awarded in 2020.
The overall dollar value of the contracts awarded last year is slightly lower than 2019 figures but still reflect some good figures despite the effects of COVD-19 on the economy. Of the 1,688 tenders awarded in 2020, the majority in terms of value went to the oil sector with 228 tenders worth $1.6bn, followed by […]
Land reclamation project in North Manama completed.
Dutch dreding company, Boskalis, completed a land reclamation project for the planned North Manama Causeway consisting of a future five kilometre long highway linking Manama and Muharraq. The €70 m contract was awarded to Boskalis in mid-2019 with the company already having a long established presence in Bahrain since 1992. A total area of approximately […]
2nd edition of the Virtual Bahrain International Conference and Exhibition 2021 set to go ahead in June.
The high level virtual conference will be taking place on 1-3 June and will attract over 2,000 participants from around the globe. This year’s edition will showcase opportunities in emerging technologies and new innovations, providing a platform for professionals from different sectors to connect. The conference is organised by WorkSmart for Events Management and will […]
Bahrain-Italy aviation deal to go ahead
Commercial trade between the two countries will improve once the agreement is in place while allowing tourism to flourish at the same time. Italy is a large manufacturer and exporter of goods ranging from clothing to cars. The agreement has already been approved by the Shura Council. To read more click here.
