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US says Bahrain’s actions “not consistent” with partnership
The president held talks with top officials of Arabic countries that had vocally supported Egypt’s July power shift
Heads of states and foreign delegations land in Cairo for the Sunday ceremony
White House says it is looking forward to working with Egypt’s new president, but also shared concerns
Special forces partake in simulated situation training in the Gulf
Bahraini ministry expresses continued support for Egypt’s roadmap
Gulf air force exercises intended to deepen Bahrain-Egypt strategic relationship
Reuters – The Bahrain-based International Islamic Financial Market (IIFM) will develop its first standard contract template for sukuk (Islamic bonds), and aims to double the number of its standards as early as next year, its chief executive told Reuters. A standard for leasing-based sukuk will be developed first by the IIFM, a non-profit industry body …
Foreign minister and Arab League Secretary General discuss terrorism and regional issues
Reuters – Egyptian investment firm Pioneers Holding posted a 37% increase in net profits for last year, it said in a bourse statement on Wednesday. Pioneers made EGP 358m ($51m) in 2013 compared with EGP 260.5m in the previous year, it said. The firm, which specialises in brokerage services, said earlier this year it planned …
The head of the Syrian National Coalition, Ahmed Jarba, repeated calls on the international community to supply rebels with “sophisticated weapons”.
Relations between Egypt and the Gulf state have been strained over Doha’s backing for Islamist president Mohamed Morsi, who was ousted by the army in July following nationwide protests.
The move represents a major escalation against the Brotherhood of deposed Egyptian president Mohamed Morsi and indicates rising concern in Riyadh over the potential risks to domestic security of Saudi extremists fighting in Syria.
Foreign ministry says removal of ambassadors from Qatar shows opposition to the country’s “attitudes and policies”
The three Gulf Arab states made the decision following what newspapers described as a “stormy” late Tuesday meeting of foreign ministers from the six-nation Gulf Cooperation Council in Riyadh.
Reuters – Bahrain’s Al Salam Bank has launched a listed sharia-compliant real estate investment trust (REIT) that will invest in a portfolio of Asian properties, the lender said on Tuesday. The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG, with Al Salam providing seed capital for …
Al Baraka says it plans to add 81 branches to its network in 2014, in countries including Turkey, Pakistan, Jordan and Egypt
Zain Bahrain missed a 2013 deadline to do so, but a source last week told Reuters that the company planned to launch its share sale by the end of June in what could be the island’s first IPO since 2010.
Kuwait topped the Gulf Cooperation Council (GCC) countries on the press freedom list but dropped 14 points to rank 91st worldwide.
Human rights group demands that Egypt clarify reasons for an ongoing ban on Bahraini social and political activists
Reuters – Bahrain-based investment company Investcorp expects 15-20% annual growth over the next five years, its chief financial officer said on Sunday after reporting a 53% increase in first-half net profit. Investcorp, which famously took luxury brands Gucci and Tiffany & Co public in the 1990s, made a net profit of $60.1m in the six …
Reuters – Bahrain’s central bank will release a new regulatory framework for Islamic insurance (takaful) this quarter, in an overhaul of standards which the regulator hopes will attract new business in a sector it helped to pioneer. The kingdom has been a major hub for Islamic finance in the Gulf but in the last few …
By James M. Dorsey Bahrain has detained a soccer team as well as scores of other players and athletes since security forces squashed a popular uprising almost three years ago, according to human rights activists, journalists and officials. In one of the latest rounds of detentions, authorities last month arrested three soccer and two handball …
Aluminum giant Alcoa will pay $384 million to settle charges it paid Bahrain officials huge bribes to secure business in the Gulf nation
Foreign Minister calls for all countries in the region to reassess their approach to security
Foreign minister scheduled to attend two international summits this week
A number of policemen are facing trials over claims of killing protesters or torturing detainees after a wave of arrests that targeted members of the Shi’a majority.
The Saudi government rejected the seat one day after it was elected into the UN body
Fahmy discusses roadmap, domestic affairs and foreign policy in UN address
UAE prince and deputy commander Nahyan reiterates his country’s support for Egypt’s interim government and military