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Friday, April 28, 2006

Rich Bahrain Hotels

Tourism at Bahrain has good years. Good infrastructure and looking for tourist needs are fundamental for success. This year Bahrain Hotels Company /BHC/ reported 35% increase in net profit during the first quarter of the current year in comparison to the same period last year.

The BHC chairman said that the company has achieved $3.71 million net profits during the first quarter in 2005 /this year it is $5 million/.

For the previous year Bahrain Hotels Company (BHC), reported that earned a net profit of $10.34 million, with an increase $1.64 million, or 18.6 percent, compared with 2004.

BHC has accelerated its steps toward expanding its portfolio outside Bahrain, it hoped to acquire hotel properties in India, Abu Dhabi and Doha.

Bahrain Hotels Company was estabilishet in 1967 and owns and operates Gulf Hotel - first locally managed five star hotel in Bahrain.

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Thursday, April 27, 2006

Book Review - Thicker Than Oil

Interesting discussion about book from Rachel Bronson Director of Middle East Studies - Thicken Than Oil. It's not strict review but discussion about whole problems. Interesting stuff.

The U.S. and Saudi Arabia had been allies for decades before the 9/11 terrorist attacks, but the relationship between the two nations came under increasing scrutiny as the U.S. shifted its focus to the threat of Islamic radicalism. Bronson examines the history of this close yet controversial relationship and the intricate foreign policy goals that have created a partnership driven by far more than the simple need for oil. "Thicker Than Oil" is also a look at the future, as the Saudi government faces opposition to its support of the U.S., and the immense challenges of this ongoing partnership lead both nations to reevaluate their roles.

Full Article At Washington Post

Who is better to talk about problems in book than an author of that book.

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Tuesday, April 25, 2006

Islamic Banking in Bahrain

Bahrain will host on May 7 and 8, the second annual World Conference on Islamic Investment Funds and Capital Markets 2006, to be held under the theme of " Grasping Opportunities offered by Islamic Monetary Markets " in association with Al Tawfeeq Investment Funds Company, Al Baraka Banking Group, Al Amin Bank and Al Baraka Islamic Bank. Last year the first annual World Islamic Funds Conference was held also in Bahrain.

Participants from 20 countries have registered to attend the WIFC 2006.

Al Tawfeek Company for Investment Funds is a pioneer in the Shari’ah compliant funds and has launched more than 41 investment funds with assets over $3 billion since its establishment in 1992.

WIFC will identify new growth opportunities in the rapidly evolving Shari’ah-compliant funds market and expand the scope of focus into the highly dynamic and growing global Sukuk market and Islamic capital markets that is supported by the Bahrain Monetary Agency, said a statement.

A unique platform to engage senior decision-makers in the global Islamic funds and capital markets, the conference will ensure debate and analysis on the most topical issues in the market today in 11 sessions titled: The Regulatory & Business Open Forum; Realising the Full Potential of the Global Sukuk Market; Assessing Key Developments & Innovations in Islamic Funds; Global Perspectives on Islamic Funds; The Shari’ah Open Forum on Capital Markets & Investment Funds; Exploring New Opportunities & Tackling Challenges in Islamic Capital Markets; Capturing Growth Opportunities in Key Islamic Fund Sectors; Institutional Investors & End-Users RoundTable; Assessing Key Trends in Capital Markets; International Perspectives on the Development of Islamic Capital Markets; The Investment Funds & Capital Markets PowerTable 2006.

This year will also see the launch of the Islamic Capital Markets component alongside the World Islamic Funds Conference.

The World Islamic Funds & Capital Markets Conference has a dynamic and interactive structure, which encourages debate and active audience participation to facilitate rich substantive discussions between the expert international panelists and the international audience.

WIFC link

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Thursday, April 20, 2006

More Flights between Bahrain and Kuwait

Gulf Air passengers travelling between Bahrain and Kuwait will soon have more flight choices to choose from.

With effect from 1 May 2006, Gulf Air will be flying three times daily between Bahrain and Kuwait with an additional daily flight during night. This makes it a total of 21 flights per week from its current 17 services per week.

"The increased services from Kuwait mean excellent onward connections to Europe and other continents from its two hubs - Bahrain and Oman. Our recently announced summer schedule offers more non-stop and direct services to popular destinations such as London and Paris this summer," said Gulf Air Vice President Fareed Al Alawi.

Gulf Air Rewards

Gold in the onboard service category, Overall Winner by the International Travel Catering Association (ITCA) for its innovation, quality in application and customer satisfaction within the wide sphere of onboard service, Mercury Award for 2005
Best Designed In-flight Magazine, American Creativity Awards 2005.
Middle East Leading First Class Airline, World Travel Award 2005.
World's Leading Airport Lounge, World Travel Awards 2005.
Middle East & North Africa Best Airline Platinum Award, MENA Travel Award, 2004.
Most Improved Airline, Skytrax Awards 2004.
Middle East First Class Airline, Arabian Business Awards.
Best New Product Launch for In-flight Services, PAX International Readership Awards.
Best First Class Onboard Food, Skytrax Food Category 2004.
Best Business Class Check-in, Skytrax Check-in Category 2004.
Middle East Region's Best Airport Restaurant for its Restaurant in Bahrain International Airport Lounge, PAX International Readership Awards 2005.

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Wednesday, April 19, 2006

Bahrain developing education

Bahrain is seeking India's contributions in developing the country's technical education, Crown Prince Shaikh Salman bin Hamad Al Khalifa has said.

Bahrain Crown Prince made the comments as he received at his court Indian Ambassador Balakrishna Shetty and BITIC director Professor T R Ranganath.

He hailed the growing relations and mutual co-operation between India and Bahrain in many areas including education.

While praising the reputation of the 51-year-old Birla Institute of Technology, Mesra, Ranchi, India, he said he was looking forward to seeing the institute become one of the best internationally.

Half of the 284 students enrolled at BITIC are Bahrainis.

"In Bahrain, we had only 17 Bahrainis and it has now grown to 142," said Prof Ranganath.

BITIC, which is located in Janabiya, is a joint venture between Mohammed Jalal & Sons and the Birla Institute of Technology (BIT) in Ranchi, India.

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