Latest news with #FinanceandNationalEconomy
Yahoo
6 days ago
- Business
- Yahoo
Gulf Air to Add up to 18 Boeing 787 Dreamliners to its Widebody Fleet
- Flag carrier of Bahrain to grow its all-787 widebody fleet for expanding international network - Bahrain Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa and U.S. Commerce Secretary Howard Lutnick joined Boeing and Gulf Air to announce the agreement WASHINGTON, July 17, 2025 /PRNewswire/ -- Boeing [NYSE: BA] and Gulf Air today announced an agreement for the purchase of 12 787 Dreamliner jets with options for six more as the Bahrain-based airline looks to further develop its international network. Once finalized, this order will bring the carrier's firm order book to 14 of the versatile widebody jets and will support 30,000 jobs across the U.S. Bahrain Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa and U.S. Commerce Secretary Howard Lutnick joined Boeing Commercial Airplanes President and CEO Stephanie Pope and Gulf Air Group Chairman Khalid Taqi to witness the signing. "This agreement marks a transformative step in Gulf Air's strategic growth journey as we expand our global footprint and modernize our fleet with one of the industry's most advanced and efficient aircraft," said Khalid Taqi, chairman of Gulf Air Group. "The Boeing 787 Dreamliner has proven to be an exceptional aircraft for our long-haul operations, and this new order reflects our confidence in its performance, passenger appeal and contribution to our sustainability goals. We are proud to deepen our partnership with Boeing and reaffirm our commitment to positioning Bahrain as a key global aviation hub." The 787 Dreamliner, recognized for its fuel efficiency, range and passenger experience, already serves as the backbone of Gulf Air's long-haul operations connecting over 50 destinations. With 10 787 airplanes in service, the airline is well-positioned to grow its network, serving new and existing markets across Asia, Europe and the U.S. "We are excited to build on our more than 60-year partnership with Gulf Air as we deliver the market-leading 787 Dreamliner to help the airline serve more passengers and connect more destinations," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "This investment in the 787 Dreamliner demonstrates Gulf Air's commitment to new technology and sustainable development, reinforcing Bahrain's position in the aviation sector." The 787 Dreamliner family has transformed global air travel by opening over 425 new nonstop routes and carrying more than 1 billion passengers worldwide since its commercial introduction in 2011. As Gulf Air's flagship airplane, the 787 features the largest windows of any widebody jet, air that is less dry and pressurized at a lower cabin altitude for greater comfort, and technology that senses and counters turbulence for a smoother ride. From its first DC-3 in 1961, Gulf Air has taken delivery of 37 Boeing airplanes, including the 787 jets currently in its fleet. A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity. ContactBoeing Media Relationsmedia@ View original content to download multimedia: SOURCE Boeing 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Bahrain This Week
11-07-2025
- Business
- Bahrain This Week
New identity for Ahli United Bank as Kuwait Finance House
Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, attended a ceremony marking the launch of the new identity of Ahli United Bank under the name Kuwait Finance House, in the presence of Sheikh Thamer Jaber Al Ahmad Al Sabah, Ambassador of the State of Kuwait to the Kingdom of Bahrain, and senior officials. The minister emphasised Bahrain's commitment to further developing the financial and banking sector by creating the necessary conditions to enhance its performance and sustainability. He noted that this commitment supports the Kingdom's efforts to reinforce its position as a global financial centre, in line with the goals of the comprehensive development process led by His Majesty King Hamad bin Isa Al Khalifa and guided by the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. The minister highlighted the importance of continuing to foster creativity and innovation to expand financial and banking services and open new avenues for growth. He underlined the sector's vital role in generating investment opportunities that contribute to national development and create high quality prospects for citizens. Shaikh Salman also highlighted Bahrain's competitive legislative and regulatory framework, which continues to evolve by adopting advanced financial technologies based on innovation. He emphasised that efforts are ongoing, in cooperation with the private sector, to enhance the Kingdom's competitiveness and diversify the national economy in line with development plans. Hamad Abdulmohsen Al Marzouq, Chairman of Kuwait Finance House, expressed pride in launching the bank's new identity in Bahrain, describing it as a significant milestone marking a strategic transformation. He said the step reflects a forward looking vision for the future of Islamic banking at the local, regional, and international levels. Dr. Shadi Zahran, CEO of Kuwait Finance House – Bahrain, said that the transition reflects a unified strategic vision to strengthen the bank's position as a leading Islamic financial institution. He added that Bahrain's Economic Vision 2030 continues to inspire the bank's work in expanding Islamic finance, promoting innovation, and supporting Bahrain's position as a prominent regional and international financial hub. The rebranding of Ahli United Bank as Kuwait Finance House is part of a unified strategy across the group to consolidate its presence in regional and global markets. Kuwait Finance House provides a comprehensive range of Sharia compliant banking, investment, and financing services, and is recognised for its innovation, sustainable growth strategy, and commitment to ethical values and financial inclusion.
Biz Bahrain
11-07-2025
- Business
- Biz Bahrain
Finance Minister attends launch of new identity for Ahli United Bank as Kuwait Finance House
Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, attended a ceremony marking the launch of the new identity of Ahli United Bank under the name Kuwait Finance House, in the presence of Sheikh Thamer Jaber Al Ahmad Al Sabah, Ambassador of the State of Kuwait to the Kingdom of Bahrain, and senior officials. The minister emphasised Bahrain's commitment to further developing the financial and banking sector by creating the necessary conditions to enhance its performance and sustainability. He noted that this commitment supports the Kingdom's efforts to reinforce its position as a global financial centre, in line with the goals of the comprehensive development process led by His Majesty King Hamad bin Isa Al Khalifa and guided by the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. The minister highlighted the importance of continuing to foster creativity and innovation to expand financial and banking services and open new avenues for growth. He underlined the sector's vital role in generating investment opportunities that contribute to national development and create high quality prospects for citizens. Shaikh Salman also highlighted Bahrain's competitive legislative and regulatory framework, which continues to evolve by adopting advanced financial technologies based on innovation. He emphasised that efforts are ongoing, in cooperation with the private sector, to enhance the Kingdom's competitiveness and diversify the national economy in line with development plans. Hamad Abdulmohsen Al Marzouq, Chairman of Kuwait Finance House, expressed pride in launching the bank's new identity in Bahrain, describing it as a significant milestone marking a strategic transformation. He said the step reflects a forward looking vision for the future of Islamic banking at the local, regional, and international levels. Dr. Shadi Zahran, CEO of Kuwait Finance House – Bahrain, said that the transition reflects a unified strategic vision to strengthen the bank's position as a leading Islamic financial institution. He added that Bahrain's Economic Vision 2030 continues to inspire the bank's work in expanding Islamic finance, promoting innovation, and supporting Bahrain's position as a prominent regional and international financial hub. The rebranding of Ahli United Bank as Kuwait Finance House is part of a unified strategy across the group to consolidate its presence in regional and global markets. Kuwait Finance House provides a comprehensive range of Sharia compliant banking, investment, and financing services, and is recognised for its innovation, sustainable growth strategy, and commitment to ethical values and financial inclusion. BNA(E)
Biz Bahrain
09-07-2025
- Business
- Biz Bahrain
Mumtalakat announces winners of Startup of the Year competition
Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy and Chairman of the Board of Bahrain Mumtalakat Holding Company, attended the Startup of the Year competition awards ceremony in its second edition, held in the presence of Abdulla bin Adel Fakhro, Minister of Industry and Commerce; Khalid Ibrahim Humaidan, Governor of the Central Bank of Bahrain; and Shaikh Abdullah bin Khalifa Al Khalifa, Chief Executive Officer of Mumtalakat, alongside several senior officials. During the event, Shaikh Salman emphasised the vital role of the private sector in advancing economic development and creating high-quality opportunities for Bahraini citizens. He highlighted the contribution of entrepreneurs in enhancing Bahrain's global competitiveness in the field of entrepreneurship through innovative and creative ventures. He reiterated Bahrain's ongoing efforts to foster a supportive environment for entrepreneurship, backed by programmes and initiatives that help emerging enterprises grow and compete across sectors. He noted that these efforts contribute to the comprehensive development process under the leadership of His Majesty King Hamad bin Isa Al Khalifa and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. Shaikh Salman also underscored the strategic role of the Labour Fund (Tamkeen) in promoting employment, training, career progression, and entrepreneurship through targeted initiatives, in line with the directives of His Highness Shaikh Isa bin Salman bin Hamad Al Khalifa, Minister of the Prime Minister's Court and Chairman of the Board of Directors of Tamkeen. The winners of the competition were announced as 'Procural' and 'Parcel', both recognised for their promising contributions to Bahrain's entrepreneurial landscape. The initiative is part of efforts to support high potential Bahraini ventures and empower entrepreneurs to drive economic growth and diversify income sources. Shaikh Salman emphasised that the competition is one of several initiatives aimed at supporting innovation and encouraging start ups to scale and compete regionally and internationally. It does so by facilitating access to investment and providing support that enables the creation of quality employment opportunities, while enhancing Bahrain's position as a regional hub for business and investment. Shaikh Abdullah bin Khalifa Al Khalifa, Chief Executive Officer of Mumtalakat, said the company's objective is to invest in promising local ventures that contribute to national economic growth and strengthen Bahrain's position as a regional and international centre for innovation and entrepreneurship. These investments also support the creation of quality jobs for Bahraini talent. Maha Abdulhameed Mofeez, Chief Executive of Tamkeen, reiterated the fund's commitment to supporting start ups as key contributors to the national economy. She highlighted Tamkeen's role in providing opportunities and tailored support to help emerging Bahraini ventures grow, achieve sustainability, and increase their capacity to generate employment for local talent. The partnership between Mumtalakat and Tamkeen to support the Startup of the Year initiative aligns with Tamkeen's 2025 strategic priorities, which include empowering Bahraini nationals, enhancing their competitiveness in the private sector, and supporting business growth, digitisation, and sustainability. Procural is a Bahrain based cloud platform for commercial tenders that uses innovation to streamline procurement by connecting buyers with a diverse network of suppliers. Parcel is a delivery platform offering logistics solutions and services to households and small businesses across the Kingdom. Now in its second year, the Startup of the Year competition is jointly organised by Mumtalakat, the sovereign wealth fund of Bahrain, and Tamkeen. The two winning companies will receive direct investment from Mumtalakat under agreed terms to accelerate their growth. The competition is part of a broader initiative that included start ups which had previously secured top placements in the 'Startup Bahrain' rounds held last year. These rounds were investment-focused events featuring live pitches presented to panels of experts, investors, and specialists. A total of six rounds were conducted, resulting in 12 finalists. The rounds also included training programmes to help participants refine their pitches and receive mentorship, thereby increasing their chances of securing investment and presenting their ventures more effectively. BNA(R)
Daily Tribune
04-07-2025
- Business
- Daily Tribune
Gulf Anchor
TDT | Manama Bahrain Engages Saudi, US Ambassadors His Royal Highness Prince Salman bin Hamad Al Khalifa, the Deputy King, met with the ambassadors of Saudi Arabia and the United States yesterday at Riffa Palace, reinforcing Bahrain's position as a trusted partner in both regional and global diplomacy. The separate meetings with His Excellency Naif bin Bandar Al-Sudairi, Ambassador of Saudi Arabia, and His Excellency Steven C. Bondy, Ambassador of the United States, underscored Bahrain's close ties with both nations and a shared commitment to peace, stability, and development. Bilateral strength In his meeting with the Saudi envoy, His Royal Highness reaffirmed the enduring strength of Bahrain–Saudi relations, rooted in historical ties and sustained by growing cooperation across multiple sectors. HRH credited the guidance of His Majesty King Hamad bin Isa Al Khalifa and King Salman bin Abdulaziz Al Saud for driving this partnership forward, and highlighted the support of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister of Saudi Arabia. His Royal Highness noted that joint initiatives and multisectoral cooperation between Bahrain and Saudi Arabia continue to expand, reflecting the two kingdoms' alignment on regional priorities. Strategic alliance Later that day, HRH the Deputy King met with the US Ambassador, HE Steven C. Bondy. During the meeting, His Royal Highness praised the historical partnership between Bahrain and the United States, reinforced by agreements such as the Comprehensive Security Integration and Prosperity Agreement (C-SIPA). HRH described C-SIPA as a key framework in advancing cooperation across multiple domains. His Royal Highness also stressed the critical role of the United States, together with its partners, in supporting regional security and sustainable development efforts. Discussions included regional and global issues of common interest. Shared priorities In both meetings, His Royal Highness highlighted Bahrain's commitment to deepening ties with its strategic allies and supporting stability and progress in the region. The presence of HH Shaikh Isa bin Salman bin Hamad Al Khalifa, HH Shaikh Mohammed bin Salman bin Hamad Al Khalifa, and HE Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, at both engagements further reinforced the significance of the diplomatic consultations. These twin meetings on the same day reflect Bahrain's active diplomatic engagement and its growing role as a convening space for strengthening international cooperation.
