logo
Bahrain Firms Eye Saudi Security Boom

Bahrain Firms Eye Saudi Security Boom

Daily Tribune11 hours ago
TDT | Manama
Bahrain's security, safety, and fire protection industry players are being urged to explore new opportunities as Saudi Arabia prepares to host its largest to date Intersec Saudi Arabia exhibition next month.
The event, set for 29 September to 1 October at the Riyadh International Convention and Exhibition Centre, will be held under the patronage of His Royal Highness Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and in association with the General Directorate of Civil Defense. Organisers expect more than 27,000 visitors and 370 plus exhibitors, making this the biggest edition yet.
With Saudi Arabia's multi billion dollar giga projects, including NEOM, Red Sea Global, North Pole Riyadh, and Qiddiya, pushing demand for advanced safety and security solutions, Intersec Saudi Arabia is being positioned as a vital gateway for GCC businesses.
Bilal Al Barmawi, CEO and Founder of 1st Arabia Trade Shows & Conferences, said the show offers a unique platform for critical infrastructure buyers, giga project leaders, and private sector decision makers to meet and forge partnerships.
The Future Security Summit, powered by ASIS International Dhahran Chapter, will spotlight AI driven surveillance, predictive policing, mega event protection, and critical infrastructure security.
Abdullah S. Alshemaly, the chapter's chairman, said public and private sectors are rapidly scaling investments in surveillance, cyber defence, and infrastructure protection.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

24 new eServices added to MyGov mobile app in second phase
24 new eServices added to MyGov mobile app in second phase

Daily Tribune

time10 hours ago

  • Daily Tribune

24 new eServices added to MyGov mobile app in second phase

Twenty-four new government services have been added to the MyGov mobile app, which is available through the eGovernment Apps Store, This was annnounced by His Excellency Mohammed Ali Al Qaed, Information & eGovernment Authority (iGA) Chief Executive. The services cover a range of sectors, including the Interior, Civil Defense, Criminal Investigation, Traffic, Transportation and Telecommunications, and Electricity and Water. The ID card issuance service has also been enhanced with the introduction of an organ donation icon option, as well as expanded support features such as payment notifications and emergency alerts. In line with government directives and with the follow-up of General Shaikh Rashid bin Abdullah Al Khalifa, the Minister of Interior and Chairman of the Ministerial Committee for Information and Communication Technology (MCICT), iGA's Chief Executive said that the work is continues to expand the digital services available on MyGov app, aiming towards the apps strategy merger direction into three primary platforms: 'MyGov' for individuals, 'AlTajir' for businesses and investors, and 'Visit Bahrain' for visitors. Postal services The Government Directory & Bahrain post app will soon be discontinued after merging its postal services. Al Qaed also highlighted that Electricity & Water app services are integrated with MyGov app, while eTraffic app services currently in progress, which both apps will be discontinued, along with the Student Exam Results app, with services offered via alternative channels. He said that these changes reinforce MyGov app as the unified national platform facilitating convenient access to digital government services.

Profits, Backlogs Boost UAE Developers
Profits, Backlogs Boost UAE Developers

Daily Tribune

time10 hours ago

  • Daily Tribune

Profits, Backlogs Boost UAE Developers

TDT | Manama Emaar Properties and Aldar Properties have reported robust first-half 2025 results, reinforcing the UAE real estate sector's appeal to investors amid rising sales, record backlogs and steady dividends. Dubai's Emaar posted a 34 per cent increase in net profit to AED 10.4 billion for the period, with sales jumping 46 per cent and its backlog reaching AED 146.3bn. Abu Dhabi's Aldar saw net profit rise 24pc to AED 4.1bn, revenue surge 42pc, and backlog climb to AED 62.3bn. Both companies' shares have advanced this year, with Emaar up 15pc and Aldar up 29pc, while maintaining dividend payouts that market watchers say are competitive. The figures come against a backdrop of more than 96,000 property transactions worth AED 322bn in the UAE during the first half of 2025. Luxury momentum The luxury segment remains buoyant, exemplified by Aldar's record AED 400m sale of a mansion at Faya Al Saadiyat, the most expensive residential property ever sold in Abu Dhabi. This, alongside continued demand for off-plan properties, underscores the strength of the upper-end market. A recent eToro survey found that 52pc of UAE retail investors see real estate and construction as the most promising sectors over the next 12 months, further highlighting the sector's role as a preferred investment choice.

Efficiency Push Powers Profits
Efficiency Push Powers Profits

Daily Tribune

time10 hours ago

  • Daily Tribune

Efficiency Push Powers Profits

TDT| Manama A sharp improvement in efficiency has helped Al Salam Bank deliver record profits for the first half of 2025, strengthening its position among Bahrain's fastest-growing lenders. The cost-to-income ratio fell from 49.9% to 45.3% in just one year, underscoring the bank's drive to get more value out of every dinar spent. Efficiency push pays off Net profits attributable to shareholders climbed 30.9% to USD 98.2 million for the six months to June 30, up from USD 75 million a year earlier. Return on equity rose to 16.9% from 15.6%, while earnings per share increased 29.0% to USD 31.8 cents. The bank credited its core banking growth and a series of optimisation initiatives for the results. The efficiency gains came alongside balance sheet growth. Total assets rose 10.8% to USD 20.76 billion, with financing assets up 8.3% to USD 10.52 billion and customer deposits growing 7.1% to USD 14.07 billion since the end of 2024. Capital strength supports growth Shareholders' equity expanded by 11.7% to USD 1.07 billion, bolstered by the record profit and a USD 450 million Additional Tier 1 capital issuance. This pushed the capital adequacy ratio to 25.2% as of June 30, compared with 24.8% last year. H.E. Shaikh Khalid bin Mustahail Al Mashani, Chairman of Al Salam Bank, said the ability to sustain growth despite volatile global markets was a defining strength, pointing to the role of strong fundamentals and disciplined risk management. Forward-looking strategy Group CEO Rafik Nayed said the efficiency drive was part of a broader plan to invest in digital innovation, expand regional capabilities through ASB Capital, and strengthen client relationships. He added that the bank would continue to focus on both banking and asset management for long-term, diversified growth. The bank's full, reviewed financial statements are available on the Bahrain Bourse and Dubai Financial Market websites.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store