Latest news with #non-Bahraini
Daily Tribune
6 days ago
- General
- Daily Tribune
Seven prayer sites set for Muharraq
Seven prayer grounds will be readied across Muharraq for Eid Al Adha next Friday, with two of them set aside for expat worshippers, the Sunni Waqf Directorate has confirmed. The plan was shared during a meeting with the Muharraq Municipal Council, as part of preparations for the upcoming holiday. Of the seven, five locations will be open to the general public, while the remaining two will cater to non-Bahraini communities. Waqf representatives said preparations were in place to ensure the occasion runs smoothly. Wide participation They called for wide participation from all ages and walks of life to bring the Eid prayer to life across the island. Council chairman Abdulaziz Al Naar spoke afterwards of the Waqf's work, describing it as recognised by many in Muharraq.
Bahrain News Gazette
05-05-2025
- Business
- Bahrain News Gazette
Bahrain All Share and Islamic Indices Record Decline
Manama: Bahrain All Share Index has ended the trading session at 1,912.06 points, experiencing a decline of 0.14 points from its prior closing level. This reduction is attributed to a downturn in the material sector. According to Bahrain News Agency, the Bahrain Islamic Index also saw a decrease, closing at 808.22 points, which is 0.76 points lower than its previous closing. The trading session witnessed 98 equity transactions with a total volume of 2,466,188, amounting to BD 1,143,565 in value. Investor activity was predominantly focused on the non-Bahraini companies sector, which accounted for 58.31% of the total value of securities traded during the session.
Daily Tribune
28-04-2025
- Business
- Daily Tribune
Bilaj Al Jazayer opens to foreign property buyers
Foreign ownership of property in Bahrain has been widened to include Bilaj Al Jazayer, under a decision issued by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. The measure amends Decision No. 43 of 2003, which governs the purchase of land and built properties by non-Bahrainis. New maps have been issued, replacing earlier versions that marked ownership zones across the Kingdom, including those covering the Muharraq and Southern Governorates. An additional entry, numbered (5), has been added to the table of investment and tourism projects where foreigners may buy real estate. Bilaj Al Jazayer is now among the areas open to non-Bahraini ownership. Decision The decision follows a submission by the Deputy Prime Minister and has been passed by the Cabinet. It draws upon the provisions of Decree-Law No. 2 of 2001, which regulates foreign ownership of land and property in Bahrain. The changes take effect the day after the decision appears in the Official Gazette.
Zawya
24-04-2025
- Business
- Zawya
Bahrain: Subscription for $663mln bond issue opens today
Bahraini and non-Bahraini investors can directly subscribe to the government's BD250 million development bond issue 39 starting today, the Bahrain Bourse (BHB) announced yesterday The subscription will be open through BHB's primary market via registered brokers today from 09.30am to 11am, the bourse said. The minimum subscription is 500 bonds per investor. The Central Bank of Bahrain (CBB) is issuing the two-year bond, maturing on April 29, 2027, on behalf of the government. The bond has a par value of BD1 and offers a fixed annual return of 5.75 per cent, payable semi-annually on April 29 and October 29. The bond is expected to be listed on BHB's secondary market for trading starting May 13. The government directly guarantees the bond securities. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
19-04-2025
- Business
- Daily Tribune
Citizens edge out expats in business
Bahrain investors now enjoy a slight edge over foreign stakeholders when it comes to active commercial registrations in the Kingdom, revealed Industry and Commerce Minister Abdulla bin Adel Fakhro. The minister said citizens own 52 per cent of the kingdom's active commercial registrations, beating foreign stakeholders who account for the remaining 48pc. There are currently 88,200 active commercial registrations across the country, covering all types of businesses listed under the national 'Sijilat' system—including sole traders, partnerships, joint-stock companies, and limited liability firms. Describing the figures, accurate as of mid-February, as 'steady and regularly reviewed,' the minister made the disclosure in a written response to MP Hamad Al Doy. Foreign investment in Bahrain remains strong, with non-Bahraini nationals showing particular interest in sectors such as management consultancy, interior design, advertising, marketing, and real estate services involving owned or leased property, Mr Fakhro added. Addressing concerns over non-Bahraini individuals operating under local cover, the minister highlighted an ongoing crackdown launched in 2021 with the Bahrain Chamber of Commerce and Industry. The initiative helped businesses correct their records, with 197 violations referred to the Public Prosecution, leading to shop closures and licence cancellations. 'Several cases are still pending before the courts, and inspections are continuing,' he confirmed.
