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Bahrain

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Posted: 03-08-2011
BAHRAIN. Bahrain's creditworthiness escaped a possible downgrade at Fitch Ratings because of reduced near-term political and economic risks in the island-kingdom that contended with anti-government protests earlier this year. Fitch said it removed the Gulf kingdom from its Credit Watch Negative list for borrowers facing a possible downgrade. Bahrain’s long-term foreign-currency issuer default rating was affirmed at BBB, the second-lowest investment grade, and its local-currency issuer default rating at BBB+. “The resolution of the Rating Watch Negative and affirmation of the rating r
Posted: July 22, 2014
UAE This article provides an updated summary of the key employment law developments across the GCC; A new Government body known as the Manpower Authority is being created in Kuwait to take over certain functions of the Ministry of Social Affairs and Labour.
Posted: July 19, 2014
BAHRAIN. The Deloitte Bahrain practice began operations in 1955 and offers a large array of professional services in Audit, Consulting, Financial Advisory and Enterprise Risk services.
Posted: July 15, 2014
UAE. 81% state finding a job is the biggest challenge, with banking and finance being the preferred industry to work in.
Posted: July 15, 2014
INTERNATIONAL. John Kerry voiced deep concern to Bahrain for expelling an American envoy and making "unacceptable demands" that foreign ministry personnel attend his private meetings.
Posted: July 14, 2014
UAE. The industry will see a slowdown in the summer months, however EY report remains positive and predicts strong growth through the rest of 2014.
Posted: July 11, 2014
BAHRAIN. Closing of the transaction, for an enterprise value of 240 million euros is expected following clearance from the relevant competition authorities.
Posted: July 9, 2014
UAE. Deloitte and IRTI workshops on innovation, growth and talent shortages in Islamic Finance; Strengthening risk governance is key to Islamic Finance.
Posted: July 7, 2014
UAE. They provide senior external counsel to Investcorp, helping to assess potential investment opportunities and supporting portfolio company management
Posted: July 5, 2014
BAHRAIN. Bahrain Bourse partners with Wavetec; outdoor LED ticker was installed at the façade of the Bahrain Financial Harbor Complex building.
Posted: July 1, 2014
UAE. 55% claim that important decisions and vital meetings are not postponed till the Holy Month is over, according to the latest Bayt.com "Ramadan in the MENA Workplace" poll.
Posted: June 30, 2014
SAUDI ARABIA. JV between KHC and PineBridge Investments Middle East will invest in African companies; rising investor demand for exposure to the continent's fast growing economies.
Posted: June 30, 2014
BAHRAIN. "We are delighted with the very positive returns we have generated from our investment in the business, benefiting investors in the Arcapita Ventures I fund."
Posted: June 27, 2014
BAHRAIN. Bahrain ranked amongst top 8 countries on the Global Web Index.
Posted: June 26, 2014
BAHRAIN. Khalil al-Marzouq from the al-Wefaq party, was one of a number of opposition figures and activists detained since Shi'ite Muslims led mass protests in 2011.
Posted: June 25, 2014
BAHRAIN. Investors and developers are making a slow, but steady return to the market, according to Cluttons Spring 2014 report.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 25, 2014
UAE. Royal Decree amending some of the provisions of the Oman Agencies Law comes into force; Marks a significant departure from the regime under the old law.
date:Posted: July 24, 2014
UAE. There is evidence of a more litigious approach developing in the area of medical malpractice. Damages awards which have historically been low, are now on an upwards trend.
date:Posted: July 24, 2014
UAE. Report data shows that 64% of TV viewers in Saudi Arabia and 50% in the UAE are engaged in other digital activities simultaneously, higher than the global average.
INTERNATIONAL. U.S. Secretary of State John Kerry pressed regional proxies to nail down a Gaza ceasefire as the civilian death toll soared, threatening to spread Israeli-Palestinian bloodshed to the occupied West Bank and Jerusalem.
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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