http://www.zawya.com/countries/bhen-usCopyright 2009 ABQ Zawya Ltd. All rights reserved.Sat, 21 Nov 2009 04:21:00 GMT5014476http://www.zawya.com/countries/bhhttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20091121042100Most Gulf stock markets extended losses this week ahead of Eid Al-Adha holidays due to start on Nov. 26, financial analysts said Friday.Sat, 21 Nov 2009 07:13:14 GMTThe Saudi Gazette ZAWYA20091121042100Openhttp://www.zawya.com/story.cfm/sidZAWYA20091120061803 In its latest economic forecast HSBC put the inflation in Saudi Arabia at six percent in 2010, up from the current 3.5 percent. The overall GDP growth for the six-nation Gulf Cooperation Council is to reach a modest four percent, the report added.Fri, 20 Nov 2009 08:47:37 GMTArab News ZAWYA20091120061803Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119114743 CFA Bahrain, the Kingdom's pre-eminent association for local investment professionals consisting of portfolio managers, investment advisors, educators and other financial professionals, has today announced its new board of directors.Thu, 19 Nov 2009 12:05:15 GMTPress Release ZAWYA20091119114743Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119102211Societe Generale Group is further strengthening its wealth management activities in the Middle East with the creation of a new office in Bahrain under the brand Societe Generale Wealth Management. Thu, 19 Nov 2009 10:42:49 GMTPress Release ZAWYA20091119102211Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119085509HE Shaikh Khalid bin Ahmed Al-Khalifa, Foreign Minister of Bahrain and Dr John Chipman CMG, Director General and CEO of the International Institute for Strategic Studies (IISS) have signed an MoU that facilitates and supports the establishment of an IISS-Middle East office in Manama.Thu, 19 Nov 2009 09:38:03 GMTPress Release ZAWYA20091119085509Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119091349KBR will be part of the team unveiling the design for the world's longest marine causeway, the Qatar-Bahrain Causeway. The project will be showcased this Sunday, November 22, at the Bridges Middle East Conference, in Abu Dhabi, United Arab Emirates. Thu, 19 Nov 2009 09:35:45 GMTPress Release ZAWYA20091119091349Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119070918The Kuwaiti-Bahraini Higher Cooperation Committee affirmed here Wednesday after the conclusion of its fifth high-level meeting that both brotherly countries would focus on means to develop their relations in all possible domains.Thu, 19 Nov 2009 08:18:05 GMTKUNA (Kuwait News Agency) ZAWYA20091119070918Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119071832 The upcoming GCC summit in Kuwait will be the launch pad for the unified Gulf currency, Deputy Premier and Foreign Minister Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah said Wednesday.Thu, 19 Nov 2009 08:16:00 GMTKUNA (Kuwait News Agency) ZAWYA20091119071832Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119033411Bahrain's economy is moving away from dependency on oil, with nonoil products and services are now making up more than two-thirds of the kingdom's total volume of exports, Sheikh Mohammed bin Essa Al-Khalifa, chief executive of the Economic Development Board (EDB), said.Thu, 19 Nov 2009 07:04:30 GMTArab News ZAWYA20091119033411Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119041908The economies of Gulf oil producers have overcome the adverse effects of the global fiscal turbulence and have started to stabilise as a direct result of their governments' anti-crisis measures, according to a regional investment firm.Thu, 19 Nov 2009 06:45:16 GMTEmirates Business 24/7 ZAWYA20091119041908Openhttp://www.zawya.com/story.cfm/sidGN_18112009_191101The GCC Interconnection Authority (GCCIA) will organise a grand ceremony to mark the formal launching of the first phase of the multi-billion-dirham GCC power grid project in Kuwait next month.Thu, 19 Nov 2009 05:37:30 GMTGulf News GN_18112009_191101Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118125749The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa, launching in Q1, 2010, held its first Product Development Working Group (PDWG) meeting for Islamic and Conventional asset classes.Wed, 18 Nov 2009 13:35:03 GMTPress Release ZAWYA20091118125749Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118113621 flydubai, Dubai's first low cost airline, has continued to expand its route network with the announcement of its second GCC destination and tenth point on its network, Bahrain.Wed, 18 Nov 2009 12:17:17 GMTPress Release ZAWYA20091118113621Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118044347Two aircraft manufacturers, Airbus and Boeing estimate that the Middle East airlines would require anywhere between 1,436 (as per Airbus' forecast) and 1,710 (Boeing's forecast) aircraft over the next 20 years, indicating an improvement in outlook.Wed, 18 Nov 2009 10:37:00 GMTEmirates Business 24/7 ZAWYA20091118044347Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118092716International Investment Bank (IIB), a globally focused investment bank based in the Kingdom of Bahrain operating in line with Shari'ah principles, today announced its results for the 3rd Quarter of 2009. Wed, 18 Nov 2009 09:34:46 GMTPress Release ZAWYA20091118092716Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118083534 A survey conducted by Trend Micro, a global leader in Internet content security at GITEX 2009 reveal that 57% of the regions business have actually had two or more virus attacks in the past six months alone.Wed, 18 Nov 2009 08:43:16 GMTPress Release ZAWYA20091118083534Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118071205 The Kuwaiti National Assembly (parliament) approved, in its ordinary meeting on Tuesday, a proposal to set up a panel to review the enforcement of the Gulf Cooperation Council (GCC) single currency agreement.Wed, 18 Nov 2009 07:59:58 GMTKUNA (Kuwait News Agency) ZAWYA20091118071205Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118072858 Simon Williams, chief economist at HSBC Middle East-Gulf bank, said Tuesday an early economic recovery in the oil-rich Gulf countries depends mainly on a better manipulation of the oil revenues generated between 2003 and 2008.Wed, 18 Nov 2009 07:49:04 GMTKUNA (Kuwait News Agency) ZAWYA20091118072858Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118061211Innovation, strategic investments, consolidation and deregulation are crucial factors for the telecom sector in the Gulf to redefine the boundaries and practices of the industry, according to Booz & Company.Wed, 18 Nov 2009 07:32:05 GMTEmirates Business 24/7 ZAWYA20091118061211Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118062840Female bankers and businesswomen from the UAE and other Arab countries will gather in Saudi Arabia next month for a conference that will focus on seeking a bigger role in the region's banking and financial sector, organisers said.Wed, 18 Nov 2009 07:28:16 GMTEmirates Business 24/7 ZAWYA20091118062840Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118054936Gulf oil producers need to be reassured by major crude consumers about demand in the long term to push ahead with costly expansion programmes in their hydrocarbon sector, a senior Arab oil official has said. Wed, 18 Nov 2009 07:17:32 GMTEmirates Business 24/7 ZAWYA20091118054936Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118042333The Gulf has become an attractive market for Indian telecom solution providers as operators increase investment in infrastructure and deregulation continues.Wed, 18 Nov 2009 06:33:14 GMTEmirates Business 24/7 ZAWYA20091118042333Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118034906Bahrain-based First Energy Bank (FEB) announced the establishment $1 billion polysilicon production facility, the first of its kind and scale in the region, in the Saudi city of Jubail. Polysilicon is used in the production of solar panels.Wed, 18 Nov 2009 06:18:55 GMTArab News ZAWYA20091118034906Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118044638GCC oil-producing countries' broader economic and regulatory reforms is creating conflicting pressures between them and consumers, an energy conference in Abu Dhabi was told.Wed, 18 Nov 2009 06:10:23 GMTEmirates Business 24/7 ZAWYA20091118044638Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117140648As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to A.T Kearney, a global strategic management consulting firm. Tue, 17 Nov 2009 14:33:17 GMTPress Release ZAWYA20091117140648Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117120239Aggregate earnings of GCC companies continue to show a decline says the new monthly report from Kuwait Financial Centre SAK "Markaz".Tue, 17 Nov 2009 13:04:14 GMTArab Times ZAWYA20091117120239Openhttp://www.zawya.com/story.cfm/sidANA20091117T105434ZLUC84The planned Gulf single currency is unlikely to be launched soon as "sufficient time" is needed for preparations, Kuwait's Finance Minister Mustafa al-Shamali said.Tue, 17 Nov 2009 10:56:25 GMTAFP ANA20091117T105434ZLUC84Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117094331Bahrain (KFH-Bahrain) acted as a Joint Lead Manager and a Bookrunner for the US$100m Sukuk issue for the International Finance Corporation (IFC; S&P AAA; Moody's Aaa), the private sector arm of the World Bank Group. Tue, 17 Nov 2009 10:54:11 GMTPress Release ZAWYA20091117094331Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117095119First Energy Bank (FEB) today announced the establishment of a world class polysilicon production facility, the first of its kind and scale in the region, which is to be located in the Kingdom of Saudi Arabia. Tue, 17 Nov 2009 10:52:47 GMTPress Release ZAWYA20091117095119Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117083615Bahrain is poised to become a major hub for developing regional capability in the energy industry, according to Edutech, a leading provider of educational solutions and services.Tue, 17 Nov 2009 09:35:32 GMTPress Release ZAWYA20091117083615Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117051253The income generated from the VIP luxury air charter business in the GCC is valued at $1 billion (Dh3.67bn), according to the Chief Operating Officer of Al Jaber Aviation (AJA).Tue, 17 Nov 2009 06:18:34 GMTEmirates Business 24/7 ZAWYA20091117051253Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117052306The asset management industry in the GCC is set to receive a boost as more corporations look to bond markets to raise fresh funds, Dexia Asset Management (Dexia AM) says.Tue, 17 Nov 2009 06:16:12 GMTThe National ZAWYA20091117052306Openhttp://www.zawya.com/story.cfm/sidGN_16112009_171152The combined oil income of Gulf Cooperation Council (GCC) countries is expected to reach $1 trillion (Dh3.67 trillion) by 2030 at current oil prices, an energy expert said at an industry conference.Tue, 17 Nov 2009 05:50:01 GMTGulf News GN_16112009_171152Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117044539The GCC has one of the fastest-growing populations in the world and by 2020 is forecast to increase by one-third, to 53 million people, said a report from the Economist Intelligence Unit (EIU) titled 'The GCC in 2020: The Gulf and its people'.Tue, 17 Nov 2009 05:24:51 GMTEmirates Business 24/7 ZAWYA20091117044539Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117045247Reflecting a strong confidence in Mena investors, Pharos Financial Group is expecting more than 50 per cent of the money for its $350 million (Dh1.28bn) agricultural fund to come from this region.Tue, 17 Nov 2009 05:11:18 GMTEmirates Business 24/7 ZAWYA20091117045247Openhttp://www.zawya.com/story.cfm/sidZAWYA20091115070736Investcorp, the asset management firm specialising in alternative investments, announced today that its Gulf Opportunity Fund is to acquire a 20% stake in Gulf Cryo, the Al Huneidi family-owned company that is the leading manufacturer of industrial, medical and specialty gases in the Middle East.Sun, 15 Nov 2009 08:54:49 GMTPress Release ZAWYA20091115070736Openhttp://www.zawya.com/story.cfm/sidZAWYA20091115084003Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank announced it has signed an agreement today with Deutsche Bank for the placement of its second US$ 100 million convertible murabaha facility.Sun, 15 Nov 2009 08:48:01 GMTPress Release ZAWYA20091115084003Openhttp://www.zawya.com/story.cfm/sidZAWYA20091115044530After reeling under pressure during fourth quarter of 2008 and first quarter of 2009, the GCC markets picked up in the third quarter and continuing the upward march. Despite rise in indices, the DFM, Kuwait and Bahrain bourses recorded drop in their market capitalisation.Sun, 15 Nov 2009 06:28:03 GMTEmirates Business 24/7 ZAWYA20091115044530Openhttp://www.zawya.com/story.cfm/sidGN_14112009_151108Bahrain's Civil Service Bureau has turned down a proposal to give one month's salary to public sector employees planning to go on pilgrimage.Sun, 15 Nov 2009 05:48:44 GMTGulf News GN_14112009_151108Openhttp://www.zawya.com/story.cfm/sidZAWYA20091115041500The economies of Gulf oil producers are expected to stage a full recovery in 2010 as they will net more petrodollars from high prices and an increase in their oil output because of global recovery, according to a Western study.Sun, 15 Nov 2009 04:46:02 GMTEmirates Business 24/7 ZAWYA20091115041500Openhttp://www.zawya.com/story.cfm/sidGN_14112009_151118The issuance activity in the Middle East initial public offering (IPO) market which ground to a halt in the third quarter of 2008 is set for a revival from the second quarter of 2010, according to the latest investor survey by the Royal Bank of Scotland.Sun, 15 Nov 2009 04:40:05 GMTGulf News GN_14112009_151118Openhttp://www.zawya.com/story.cfm/sidZAWYA20091114084839The performance of- GCC markets were depressed during Oct-09 as all GCC markets ended the month in red. Among its peers Kuwait witnessed hardest hit as it declined by 7.2 percent during the month.Sat, 14 Nov 2009 09:11:38 GMTArab Times ZAWYA20091114084839Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091114052411The fourth annual meeting of GCC Centre for Infection Control (IC) and Training Course, which concluded yesterday, has come to an accord that international standards and regulations on infection control should be closely followed to check the spread of infections. Sat, 14 Nov 2009 07:33:36 GMTThe Peninsula ZAWYA20091114052411Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091114035411 Middle East stock markets reflected mixed performances last week with speculation dominating the scene and investors looking for new clues that help to clarify the foggy picture of the global recovery, financial analysts said Friday.Sat, 14 Nov 2009 07:24:36 GMTArab News ZAWYA20091114035411Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091113131421The performance of the consumer loan asset-backed securities (ABS) market in Europe, the Middle East and Africa (EMEA) deteriorated in September, according to the latest indices published by Moody's Investors Service. Fri, 13 Nov 2009 13:47:55 GMTPress Release ZAWYA20091113131421Openhttp://www.zawya.com/story.cfm/sidZAWYA20091113064041 Gulf Arab oil producers should be more willing to discuss the viability of linking their currencies to the weakening US dollar, an adviser to Qatar's ruler said. Fri, 13 Nov 2009 09:00:19 GMTArab News ZAWYA20091113064041Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091113072400 RSA (formerly known as Royal & SunAlliance Insurance) Bahrain, part of the RSA Group, which is one of the world's leading insurance groups, has recently appointed Rakesh Nayar as the company's new Chief Executive Officer for the Kingdom of Bahrain. Fri, 13 Nov 2009 07:48:35 GMTPress Release ZAWYA20091113072400Openhttp://www.zawya.com/story.cfm/sidZAWYA20091112144941Gulf International Bank B.S.C. (GIB) reported consolidated operating income of $133.0 million for the nine months ended 30th September 2009 compared to $166.1 million in the comparable prior year period. Thu, 12 Nov 2009 14:53:50 GMTPress Release ZAWYA20091112144941Open