Latest news with #SalmanbinKhalifaAlKhalifa
Daily Tribune
3 days ago
- Business
- Daily Tribune
Bahrain Signs Major Deal with U.S. for 18 Boeing Dreamliners and 36 GE Engines for Gulf Air
Bahrain has signed a major aviation deal with the United States that will see Gulf Air receive 18 new Boeing 787 Dreamliner aircraft and 36 advanced engines from General Electric. The agreement was signed during an official meeting in Washington, D.C., attended by Shaikh Salman bin Khalifa Al Khalifa, Bahrain's Minister of Finance and National Economy and Chairman of Mumtalakat, and U.S. Secretary of Commerce Howard Lutnick. Shaikh Salman praised the long-standing relationship between Bahrain and the United States, calling it a partnership built on trust and shared goals. He said the new aircraft and engines will help modernize Gulf Air's fleet, improve its services, and support Bahrain's goal of becoming a regional aviation hub. 'This is a big step forward for Gulf Air and Bahrain,' he said. 'It shows our commitment to improving our airline and working with global partners like Boeing and GE.' Shaikh Salman also shared that Bahrain has signed a memorandum of understanding with Boeing to explore opening a local center for aircraft maintenance and repair. This would help train local talent and expand Bahrain's role in the aviation sector. The new deal is part of a larger set of agreements worth over $177 billion announced during the visit of His Royal Highness the Crown Prince to the U.S. It highlights Bahrain's focus on economic growth, innovation, and stronger global ties. Officials from both countries attended the signing ceremony, marking one of the biggest aviation deals in the region this year.
Gulf Insider
3 days ago
- Business
- Gulf Insider
Bahrain Signs Major Deal With U.S. For 18 Boeing Dreamliners And 36 GE Engines For Gulf Air
Bahrain has signed a major aviation deal with the United States that will see Gulf Air receive 18 new Boeing 787 Dreamliner aircraft and 36 advanced engines from General Electric. The agreement was signed during an official meeting in Washington, D.C., attended by Shaikh Salman bin Khalifa Al Khalifa, Bahrain's Minister of Finance and National Economy and Chairman of Mumtalakat, and U.S. Secretary of Commerce Howard Lutnick. Shaikh Salman praised the long-standing relationship between Bahrain and the United States, calling it a partnership built on trust and shared goals. He said the new aircraft and engines will help modernize Gulf Air's fleet, improve its services, and support Bahrain's goal of becoming a regional aviation hub. 'This is a big step forward for Gulf Air and Bahrain,' he said. 'It shows our commitment to improving our airline and working with global partners like Boeing and GE.' Shaikh Salman also shared that Bahrain has signed a memorandum of understanding with Boeing to explore opening a local center for aircraft maintenance and repair. This would help train local talent and expand Bahrain's role in the aviation sector. The new deal is part of a larger set of agreements worth over $177 billion announced during the visit of His Royal Highness the Crown Prince to the U.S. It highlights Bahrain's focus on economic growth, innovation, and stronger global ties. Officials from both countries attended the signing ceremony, marking one of the biggest aviation deals in the region this year.
Biz Bahrain
5 days ago
- Business
- Biz Bahrain
Gulf Air signs $4.6 billion agreement with Boeing to purchase 18 Boeing 787 Dreamliners
Gulf Air, the national carrier of the Kingdom of Bahrain, announced the signing of a $4.6 billion agreement with Boeing to acquire 18 Boeing 787 Dreamliner aircraft, supporting the airline's long term strategy to modernise its fleet and expand its route network. The aircraft will be powered by engines from GE Aerospace, enhancing Gulf Air's operational performance and sustainability while further elevating the passenger experience. The agreement was signed during the official visit of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to Washington, underscoring the growing economic and trade relations between Bahrain and the United States. The signing was attended by Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy and Chairman of Bahrain Mumtalakat Holding Company (Mumtalakat); Abdullah bin Adel Fakhro, Minister of Industry and Commerce; Howard Lutnick, U.S. Secretary of Commerce; Shaikh Abdullah bin Rashid Al Khalifa, Ambassador of Bahrain to the United States; and Shaikh Abdullah bin Khalifa Al Khalifa, CEO of Mumtalakat. Khalid Hussain Taqi, Chairman of Gulf Air Group, said that the order of the popular 787 Dreamliner reflects Gulf Air's continued drive for growth and development, increasing passenger capacity by over 20%. He added that the investment supports the airline's commitment to fuel efficiency, environmental sustainability, and passenger comfort, while also reflecting the strength of Bahrain–US aviation ties. The Boeing 787 Dreamliner is known for its fuel efficiency, advanced technologies, and superior passenger comfort, making it a cornerstone of Gulf Air's current and future fleet. The new aircraft will support the airline's long term operations, expansion plans, and sustainability goals. Stephanie Pope, President and CEO of Boeing Commercial Airplanes, welcomed the expanded partnership with Gulf Air, saying the delivery of additional 787s will enable the airline to serve more passengers and destinations, highlighting its commitment to innovation and sustainable growth. During the signing, Gulf Air and Boeing also signed a Memorandum of Understanding (MoU) to discuss the potential for localising aircraft Maintenance, Repair, and Overhaul (MRO) operations in Bahrain. The MoU reflects both parties' commitment to assessing potential strategic partnerships to establish world class MRO capabilities locally, supporting job creation and enhancing national talent in the aviation maintenance sector. The agreement with Boeing supports Gulf Air Group's efforts to position Bahrain as a leading regional aviation hub, aligned with the Kingdom's goals of promoting sustainability, economic diversification, and international air connectivity. BNA(R)
Yahoo
5 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.
