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Bahrain

girl, school, lesson

Investcorp reveals massive expansion plans in India

Bahrain-based Investcorp has vowed to grow the size of its business in India five-fold in the next five years. The alternative investments firm, which managed $50 billion in assets as of December 2022, only entered India in the first quarter of 2019, but has since completed 15 investments worth $1 billion. Speaking from the company’s […]

Rishi Kapoor, co-chief executive officer of Investcorp

Investcorp to set up ‘multi-billion dollar’ sustainability platform

Investcorp has revealed plans to establish a “multi-billion dollar” sustainability platform to capitalise on what co-CEO Rishi Kapoor described as “the most attractive opportunity from an investment perspective that we have seen in a generation”. A report from consultants McKinsey estimates $250 trillion of cumulative spending on physical assets is needed over the next three […]

Office Building, Building, Architecture

Bahrain’s Investcorp to expand southeast Asia footprint

Bahrain-based Investcorp is working on multiple initiatives in Indonesia, including one in partnership with the nation’s sovereign wealth fund as it seeks to expand its footprint in southeast Asia, the firm’s co-chief executive officer said. “We have two terrific initiatives in Indonesia right now, and hopefully, a third very soon in partnership with the local […]

Power Lines, Cable, Electric Transmission Tower

Bahrain’s GFH co-invests with Equitix in Europe’s infra sector

Bahrain-based GFH Financial Group’s (GFH) sustainable infrastructure platform Infracorp has announced its first co-investment in the European infrastructure sector with London-based fund manager Equitix. The two entities will invest in Aurora Infrastructure Oy (Aurora), a monopoly electricity distribution network operating in Finland.  Aurora serves a blue-chip international industrial client base and has invested more than […]

Hazem Ben-Gacem, co-CEO of Investcorp, seen at Abu Dhabi Finance Week. Investcorp has bought a 215,000-sq-ft warehouse in Dammam, Saudi Arabia

Bahrain’s Investcorp to spend $1bn on real estate across GCC

Investcorp is planning to invest up to $1 billion in the GCC real estate market over the next five years, it said on Tuesday. The Bahrain-based company’s announcement follows its first property acquisition in Saudi Arabia: a 215,000-sq-ft temperature-controlled warehouse in Dammam. Investcorp is assessing $100 million worth of potential real estate investments in the […]

Jason L Signor, CEO of Big Sky

Bahrain’s GFH takes on US healthcare with Big Sky deal

Bahrain’s GFH Financial Group announced on Tuesday it has completed the acquisition of a majority stake in Big Sky Asset Management, a US real estate asset manager focused on the healthcare sector. The transaction further expands GFH’s presence in the States and follows the partnership in May with SQ Asset Management, a specialist in student […]

Bahrain's exports

Bahrain’s exports dropped 14% in November

Bahrain’s exports of national origin dropped by 14 percent in November year-on-year reaching BD350 million ($931.6 million). According to the Information & eGovernment Authority, unwrought aluminium alloys were the top products exported during November this year, worth BD92 million. Bahrain real estate trends: From drive-thrus to cheaper hotels Bahrain’s GFH commences trading on Abu Dhabi […]

Bahrain

Bahrain real estate trends: From drive-thrus to cheaper hotels

Economic recovery, an increase in tourism and a reputation as one of the safest places in the GCC for international trade has put Bahrain on the investment map. And property is one hot sector.  The total number of real estate transactions in Bahrain in the third quarter of this year was 5,482, according to an […]

Formula One fans pack the stands for the Bahrain Grand Prix in March. The 2022 race had a record attendance

Bahrain to gain 1,000 extra tourism jobs in next three years

Bahrain’s tourism sector is expected to gain more than 1,000 jobs after the Gulf kingdom attracted direct investments of $291 million during the first nine months of 2022. The Bahrain Economic Development Board said the investments came from eight travel and hospitality-related companies expanding or entering Bahrain for the first time. They are expected to […]

Office Building, Building, Architecture

Bahrain’s Investcorp plans Saudi real estate deal before year-end

Bahrain-based Investcorp plans to close a Saudi real estate deal before the end of the year, senior executives at the alternative investments firm said on Thursday. The acquisition of warehouses in Saudi Arabia will be announced in the coming weeks, the executives told Reuters, without giving any details on the size of the investment. Investcorp, […]

Four Seasons Bahrain

Four Seasons heads to Bahrain as branded home market booms

Four Seasons has unveiled plans to build bespoke homes in Bahrain Bay as the demand for branded residences gathers pace in the Middle East. The hospitality company has teamed up with Bahrain-based real estate developer Bayside Developments for the Four Seasons Private Residences Bahrain Bay project. Buyers of the 112 homes will be able to […]

Bahrain

Bahrain set for surge in visitors from Europe’s World Cup giants

Europeans are flocking to Bahrain this autumn, with flight bookings from Germany, France and the UK up significantly on pre-pandemic levels in what could be a World Cup windfall for the island’s tourism industry. As nearby Qatar prepares to host the tournament, which starts on November 20, an influx of tourists from defending champions France, […]

Car, Automobile, Vehicle

Bahrain and Israel hope to seal free trade deal by year-end

Israel and Bahrain hope to seal a free trade agreement before the end of the year, officials from both countries said on Monday. Israel normalised diplomatic relations with Bahrain and its Gulf neighbour the United Arab Emirates (UAE) two years ago under US sponsorship. While economic ties with the UAE has since taken off, Israel’s […]

Cityscape, Urban, Building

Bahrain attracts $921m direct investment in diversification drive

Bahrain’s Economic Development Board (EDB) said on Wednesday it attracted $290 million direct investment in manufacturing and logistics in the first nine months of 2022 as the country seeks to diversify its oil-based economy. The investments, through 25 manufacturing and logistics companies setting up and expanding in the small island nation, are expected to create […]

Building, Bench, Furniture

Bahrain’s hospitality sector grows 18%, helping Q2 GDP up 6.9%

Bahrain’s gross domestic product rose 6.9 percent year-on-year in the second quarter of 2022, posting the biggest annual increase since 2011, Bahrain News Agency reported, citing the Ministry of Finance and National Economy. The positive economic growth was driven by the strong performance of the non-oil sectors targeted by the Economic Recovery Plan. The hotels […]

Britain's Catherine, Princess of Wales, wears the Queen's Bahraini pearl earrings

Bahrain pearls given royal stamp of approval

The UK’s Princess of Wales put Bahraini pearls back in the spotlight this week when she wore a pair of earrings made from the precious stone for the funeral of Queen Elizabeth II. Her timing was perfect as Bahrain aims to re-establish itself as the global centre for sustainable pearls. Catherine, Prince William’s wife, sported […]

Minister of economy and industry of Israel, Orna Barbivai, and minister of industry and commerce of the Kingdom of Bahrain, Zayed bin Rashid Al-Zayani, during their meeting in Manama

Bahrain and Israel start free trade agreement talks

Israel and Bahrain have begun negotiating a free trade agreement, Israel’s Economy Ministry said on Tuesday. Israel normalised diplomatic relations with Bahrain and its Gulf neighbour the United Arab Emirates (UAE) two years ago under US sponsorship. While economic ties with the UAE has since taken off, Israel’s trade with Bahrain has lagged far behind. […]

TruKKer launched their Bahrain service in November last year

Bahrain’s Investcorp plans three Saudi deals this year

Investcorp plans to pump millions into at least three companies by the end of this year under its Saudi Pre-IPO Growth Fund, a senior executive has told AGBI. The first of the three planned deals is with TruKKer Holding, a Riyadh-based digital freight company often referred to as “the Uber of lorries” in the Middle […]

Clothing, Apparel, Face

Bahrain restructures board of wealth fund Mumtalakat

Bahrain’s Crown Prince Salman bin Hamad Al-Khalifa, the prime minister, has issued an order to restructure the board of sovereign wealth fund Mumtalakat Holding with Finance Minister Salman bin Khalifa Al-Khalifa as its chairman, with immediate effect, state news agency BNA reported on Sunday. The members of the new Mumtalakat board will serve for a […]

Mall expansion fills ‘lifestyle’ gap in Bahrain retail market

A massive new expansion of one of Bahrain’s biggest malls is a sign of renewed confidence in the Gulf kingdom’s retail sector as it looks to attract more Saudi shoppers from across the border, according to experts. The Avenues Company, a wholly owned subsidiary of Al-Sorouh Management Company, has announced the appointment of Nass Group […]