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Bahrain Roundup

Fashion show to promote local micro-entrepreneurs

Under the auspices of Industry and Commerce Minister, Dr Hassan Abdullah Fakhroo, Ajyal Establishment held the Lyali Ajyal Fashion Exhibition last week.

The event was organised after a series of exhibitions including Ahlan bil Eid Show held last July which attracted 5,000 visitors per day.

CEO Yusuf Dawood thanked Dr Hassan Fakhroo for his patronage of the exhibition and constant support for women in the business sector.

The CEO asserted that this was the first exhibition of its kind which continued for five consecutive days..

Shoppers were given the opportunity to buy high-quality Abayas and Jalabiyas exquisitely designed by local women as well as handbags, accessories, Arabian and French perfumes from Harold’s Hypermarket as well as Moroccan cosmetics.

Batelco hosts Ramadan gathering for media

Batelco welcomed over 150 members of Bahrain’s Media to a Ramadan banquet at the Intercontinental Regency Hotel.

The event, which was attended by Batelco Group Chief Executive Shaikh Mohamed bin Isa Al Khalifa, Chief Executive Bahrain Rashid Abdulla and a number of Batelco executives, was held at the prestigious Al Thuraya Ramadan Tent.

The event gave the guests an opportunity to socialise and meet Batelco management in the lavish surroundings of the luxury hotel, while at the same time enjoying Arabic food specialties.

CBB’s treasury bills oversubscribed

The Central Bank of Bahrain (CBB) announced last week that the BD30 million monthly issue of Government Treasury Bills has been oversubscribed by 252 per cent.

The bills, carrying a maturity of 182 days, are issued by the CBB on behalf of the Kingdom of Bahrain. The issue date of the bills was August 12, 2012 and they mature in February 10, 2013. The weighted average rate of interest is 1.36 per cent compared with 1.25 per cent for the previous issue on July 08, 2012.

The approximate average price for the issue was 99.319 per cent, with the lowest accepted price was 99.302 per cent. With this, the total outstanding value of Government Treasury Bills is BD 930 million.

Work progress on Hematology Unit Project reviewed

Construction Project Director at the Ministry of Works’ Mona Al Motawa recently visited the new Hematology Unit at the state-run Salmaniya Medical Complex (SMC) to inspect progress of the construction work.

The new four-storey building consists of four outpatient clinics, a reception hall, patients’ admission wards with 50 beds, a short stay unit with 21 beds, in addition to the hematology unit and conference and training rooms.

SICO gets regulatory nod for brokerage operation in UAE

Bahrain-based regional investment bank, Securities & Investment Company (SICO), has received final approval from the Emirates Securities & Commodities Authority (ESCA) for its new UAE brokerage firm to commence operations.

Located in Abu Dhabi, Securities & Investment Company United Arab Emirates (SICO UAE) will execute trades for its institutional and high net worth clients on the three principal stock exchanges — ADX, DFM and NASDAQ Dubai.

SICO UAE expects to be fully operational by the end of July 2012.