HRH Premier receives invitation from Brazilian President

Manama, March 17 (BNA) His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received today an invitation from Brazilian President Luiz Inacio Lula da Silva to take part in the 5th World Urban Forum which will be hosted by the Brazilian city Rio de Janeiro from March 22 to 26.

Any attempt to sow seeds of sedition is doomed to failure says HRH the Premier

Manama, March 7, (BNA) His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa called today on all Bahrainis to project in action and words the image of one tenacious people.

Legislative elecions in Iraq

Baghdad, March. 7 (BNA) Around 19 million Iraqi voters headed to the polling stations this morning to choose their representatives in the legislative council from 6292 candidates, including 1813 women.

Aftershock measuring 6.6 on Richter scale rattles Chile

Santiago, March 5 (BNA) A 6.6 magnitude earthquake struck Chile today, the US Geological Center announced. The aftershock that followed the 8.8 magnitude of last week took place at the depth of 35 km, some 25 miles to the west of Concepcion.

Quake hits Chile

Washington,Feb. 27 (BNA) A massive magnitude 8.8 earthquake struck near Concepcion, Chile, early on Saturday, the USGS reported, shaking buildings and causing blackouts in parts of the capital of Santiago.

BRAZILIAN PRESIDENT TO VISIT MIDDLE EAST

OCCUPIED JERUSALEM, DEC. 31. (BNA) ISRAELI DAILY NEWSPAPER MA'AREEF TODAY REVEALED THAT BRAZILIAN PRESIDENT LUIS INACIO LULA DA SILVA INTENDS TO VISIT ISRAEL AND THE PALESTINIAN TERRITORIES IN THE OUTSET OF THE NEW YEAR.

IOF USE FORCE AGAINST PALESTINIAN PROTESTERS

RAMALLAH, DEC. 25 (BNA) TENS OF PALESTINIANS WERE INJURED AND OTHERS SUFFOCATED OR LOST CONSCIOUSNESS WHEN THE ISRAELI OCCUPATION FORCES (IOF) BEAT THEM WHILE TAKING PART IN A PEACEFUL DEMONSTRATION AGAINST THE SEPARATION WALL IN BALAIN AND NALAIN VILLAGES OF THE WEST BANK ON FRIDAY.

ISRAELI FORCES ARREST TWO PALESTINIANS

OCCUPIED JERUSALEM, DEC, 25, (BNA) ISRAELI FORCES ARRESTED LAST NIGHT TWO PALESTINIANS IN THE WEST BANK OVER SUSPICION OF THEIR INVOLVEMENT IN ATTACKS ON ISRAELI GOALS.

CIO TO RECEIVES GIS REPORT TOMORROW

MANAMA, NOV. 1 (BNA) DIRECTOR OF THE GEOGRAPHICAL INFORMATION SYSTEMS (GIS) AT THE CENTRAL INFORMATION ORGANIZATION (CIO) AND MEMBER AND RAPPORTEUR OF THE NATIONAL COMMITTEE FOR GEOGRAPHICAL INFORMATION SYSTEMS DR. KHALID AL HAIDAN SAID THE FINAL REPORT ON THE NATIONAL STRATEGIC GEOGRAPHICAL SYSTEMS PROJECT,

SHAIKHA SABEEKA CONGRATULATES SCW DEPUTY CHAIRWOMAN

MANAMA, SEPT.30, (BNA)--WIFE OF HIS MAJESTY KING HAMAD AND CHAIRWOMAN OF THE SUPREME COUNCIL FOR WOMEN (SCW) HH SHAIKHA SABEEKA BINT IBRAHIM AL KHALIFA SENT TODAY A CABLE OF CONGRATULATIONS TO SCW DEPUTY CHAIRWOMAN DR SHAIKHA MARIAM BINT HASSAN AL KHALIFA ON WINNING THE CROWN PRINCE'S AWARD FOR SCIENTIFIC RESEARCHES IN SOCIOLOGY.

HM THE KING SENDS CABLES OF BEST WISHES

MANAMA, SEPT 15 (BNA) HIS MAJESTY KING HAMAD BIN ISA AL KHALIFA SENT CABLES OF BEST WISHES TO THE PRESIDENT OF HONDURAS JOSE MANUEL ZELAYA ROSALES, PRESIDENT OF NICARAGUA DANIEL ORTEGA SAAVEDRA, PRESIDENT OF GUATEMALA ALVARO COLOM CABALLEROS, PRESIDENT OF EL SALVADOR CARLOS MAURICIO FUNES CARTAGENA, AND PRESIDENT OF COSTA RICA OSCAR ARIAS SANCHEZ ON THE OCCASION OF THEIR COUNTRIES' INDEPENDENCE DAY.

Inovest and Tharawat announce Bahrain Water Technology Company

Inovest BSC and Tharawat Investment House 'Tharawat' announced their collaboration in the establishment of a water filter manufacturing facility under the title of 'Bahrain Water Technology Company' or BWTC.

    
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Dr. Khalid Abdulla, CEO of Inovest.
More than being an innovative investment opportunity, the development which is a first of its kind initiative in the Kingdom of Bahrain, comes in response to pressing water scarcity issues in the GCC and MENA region. The collaboration highlights Inovest's brand promise to deliver financially successful, dynamic, and innovative projects to the market as well as Tharawat's aim to add qualitative value to the Islamic investment sector.

The collaboration between the two companies cements Inovest's initial announcement of the venture earlier this year.

As previously announced, the manufacturing facility will consist of four production lines, designed to produce water filter cartridges for use in the household, industrial and commercial sectors, as well as in desalination plants in the MENA (Middle East North Africa) region.
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BAHRAIN WINS AWARD

MANAMA, SEPT. 5 (BNA) CENTRAL INFORMATICS ORGANIZATION (CIO) SAN DIEGO, CALIFORNIAQCENTRAL INFORMATICS ORGANIZATION (CIO) RECEIVED A SPECIAL ACHIEVEMENT IN GIS (SAG) AWARD TODAY AT THE 2009 ESRI INTERNATIONAL USER CONFERENCE (ESRI UC) IN SAN DIEGO, CALIFORNIA.

Gulf Air and Bahrain Islamic Bank sign $70m ijara facility

Bahrain's national carrier Gulf Air has signed a $70m facility with Bahrain Islamic Bank (BIsB). An agreement to this effect was concluded between the two organizations recently.

    
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L-R Mr. Mohammed Ebrahim Mohammed, BIsB’s Chief Executive Officer, Mr. Talal Al Zain, Gulf Air Chairman, Mr. Samer Majali, Gulf Air CEO.
This four year medium-term facility will be used to partly finance eight A320 aircraft, which are expected to delivered in the fourth quarter 2009 and first quarter 2010 Gulf Air has ordered last year.

'We are glad to have partnered with BIsB, the first Islamic Bank in the country and one of the pioneering Islamic banks in the region,' said Chairman of Gulf Air Board of Directors and Chief Executive of Bahrain Mumtalakat Holding Company Mr. Talal AlZain

'As the national carrier of the Kingdom of Bahrain, Gulf Air is an integral part of the nation's economy and this ijara arrangement will facilitate Gulf Air to further strengthen its presence as a key player in the regional and global aviation industry and move on with its realignment programme in tune with Bahrain's 'Vision 2030' strategy.'
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IIRA assigns Shari’a Quality Rating of AA to Dawood Islamic Bank Limited

Islamic International Rating Agency 'IIRA' is pleased to assign Shari'ah Quality Rating of AA 'SQR' to Dawood Islamic Bank Ltd 'DIBL'.

    

The rating reflects IIRA's opinion that the DIBL conforms to very high standards of Shari'ah compliance in all aspects of Shari'ah quality analysis.

DIBL commenced operations in April 2007 with the vision to provide Shari'ah compliant financial solutions to all segments of an increasing Shari'ah conscious business and consumer society.

DIBL has a highly efficient and effective Shari'ah Supervisory Structure consisting of a Shari'ah Supervisory Committee (SSC), a Shari'ah Coordinator and Shari'ah Control mechanism.

The Head of SSC is Professor Mufti Munib-ur-Rehman who is a well known and highly respected Shari'ah scholar specially in the fields of Tafsir, Hadith, Ifta'a, Usool-e-Hadith, Fiqh, Arabic and other Islamic Jurisprudence and has over 30 years rich experience of teaching Islamic education and issuing Fatawa'as (Shari'ah pronouncements). Other members of SSC and the Shari'ah Coordinator are also knowledgeable, experienced and highly qualified in Islamic Studies, Fiqh, Economics, Islamic Banking and Takaful.

DIBL has implemented approved procedures and a manual for Shari'ah compliance, audit and control. The SSC enjoys close working relationship with the shareholders, Board of Directors and the executives of the bank.
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Batelco warns customers of telephone scams

Batelco announced that some customers have received phone calls from an international number informing them that they have won a significant sum of money.

    

The caller requests that the 'winner' transfers money to a specific overseas location in order to claim the cash prize.

'Batelco stresses that such phone calls are not legitimate and under no circumstances should customers be tricked into parting with any money,' stated Batelco Group General Manager Media & Government Relations Ahmed Al Janahi.

'This is not the first time that customers have received bogus phone calls. Previously, customers have been requested to provide details such as user names, passwords and CPR card details. Such scams are designed to collect information from customers in order to fraudulently gain access to their computer protected information and bank accounts,'Read more

Bahrain typhoid spread 'contained'

Batelco announced that some customers have received phone calls from an international number informing them that they have won a significant sum of money.

    

The caller requests that the 'winner' transfers money to a specific overseas location in order to claim the cash prize.

'Batelco stresses that such phone calls are not legitimate and under no circumstances should customers be tricked into parting with any money,' stated Batelco Group General Manager Media & Government Relations Ahmed Al Janahi.

'This is not the first time that customers have received bogus phone calls. Previously, customers have been requested to provide details such as user names, passwords and CPR card details. Such scams are designed to collect information from customers in order to fraudulently gain access to their computer protected information and bank accounts,'Read more

Obama’s litmus test

It may be that United States President Barack Obama’s magic is wearing off.

More likely, delays he has encountered in kick-starting the Middle East peace process — which he considers a US national security priority — merely reflect the notorious complexity of the task and the bloody-mindedness of those involved.

Change is an easy slogan. Making it reality is the hard part.

The presence this week of half a dozen senior Obama advisers in Israel, plus their side visits to Syria, Egypt and the Palestinian territories, gives the impression of furious, progressive diplomatic activity. This is doubtless deliberate.

US-Israeli relations have dipped sharply, with Israel’s prime minister, Benjamin Netanyahu, bluntly refusing to take US “orders” on ending settlement growth, east Jerusalem demolitions, Iran, or anything else. Obama’s peace drive, like other flagship policies, has faltered.

Now the Americans are publicly making nice while pressing hard in private. US envoy George Mitchell emphasised the enduring strength of bilateral friendship. Defence secretary Robert Gates is offering security reassurance in talks on missile defence and Iran.

Meanwhile, the parties are reportedly edging closer to a deal on freezing Jewish settlement construction for a fixed, possibly six-month, period, with the exception of 700 buildings now under construction.

The response of Arab neighbours and the Palestinians to any such deal will be crucial if Obama is to succeed in getting real negotiations under way.

Mitchell, who has promised an inclusive peace agenda by the end of the northern summer, is urging them to make reciprocal, confidence-building gestures, possibly including Israel-Arab overflight agreements, visa and trade relaxations and cultural exchanges.Read more

Gulf Air signs MoU with Bahrain’s Environmental Agency

Bahrain's national carrier, Gulf Air, today signed a Memorandum of Understanding (MoU) with the Bahrain Government's General Directorate for the Protection of the Environment and Wildlife, a subsidiary of the Public Commission for the Protection of Marine Resources, Environment and Wildlife, Bahrain, in another major step forward in the airline's corporate social responsibility initiatives.

    
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Dr. Adel Al Zayani (Director General, Public Commission for the Protection of Marine Resources, Environment & Wildlife) and Talal Al Zain (Executive Chairman, Gulf Air) at the signing ceremony.
The landmark MoU, signed by Gulf Air Executive Chairman Mr. Talal Al Zain and the General Directorate for the Protection of the Environment and Wildlife General Director Dr. Adel Al Zayani, brings together the two national establishments to work towards protecting the Island's precious environment and natural resources.
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US sues Kuwaiti financier over takeover hoaxes

US securities regulators have sued a well-connected Kuwaiti financier whose investment firm is partly owned by Citigroup, saying he reaped millions in suspicious profits after “fraudulent” takeover reports sent shares of two US companies soaring.

The civil lawsuit against Hazem Khalid Al-Braikan is sure to send shockwaves through the Middle East investment community. Al-Braikan declined to comment when reached by telephone.

Al-Braikan is chief executive of Al-Raya Investment Company, which is 10 percent owned by Citigroup. A familiar figure at high-level Middle Eastern financial functions, he is considered a respected member of the Kuwaiti money management world.

The US Securities and Exchange Commission said in papers filed in Manhattan federal court that Al-Braikan and entities linked to him in Kuwait and Bahrain earned more than $5 million from well-timed trades in Harman International Industries and Textron.

In Washington, a top SEC enforcement division official, Scott Friestad, said: “This is pretty brazen misconduct.”

He said that an investigation began soon after learning about the takeover hoax on Monday at the same time as the markets and media outlets.

“We have had a team of six or seven people working around the clock for the last couple of days to gather evidence.”

The commission got an emergency court order on Thursday freezing the trading profits in various US accounts.

“Defendants engaged in a deceptive scheme to profit by trading around the fraudulent offers to acquire Harman International and Textron,” the SEC complaint said.

The defendants “profited from amassing large positions” in stocks and options in the two companies, the SEC papers said.Read more