Latest from Biz Bahrain
Biz Bahrain
4 hours ago
- Business
- Biz Bahrain
CBB 12 Month Treasury Bills issue no. 130 fully subscribed
This week's BD 100 million issue of Government Treasury Bills has been fully subscribed by 100%. The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is 17th July 2025, and the maturity date is 16th July 2026. The weighted average rate of interest is 5.39% compared to 5.28% of the previous issue on 19th June 2025. The approximate average price for the issue was 94.833% with the lowest accepted price being 94.732%. This is issue No. 130 (ISIN BH0007179565) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
Biz Bahrain
4 hours ago
- Entertainment
- Biz Bahrain
Seef Entertainment Offers 50% Off All Games at Yabeela in Celebration of Its 3rd Anniversary
Seef Entertainment, the leading family entertainment company in the Kingdom of Bahrain and the entertainment arm of Seef Properties, is celebrating the third anniversary of Yabeela, Bahrain's largest indoor entertainment destination, with a range of exciting offers, major discounts and fun-filled activities taking place from July 10 to August 2, 2025. To mark the occasion, Yabeela is offering an exclusive 50% discount on all games, giving families and friends the opportunity to enjoy more thrilling moments together and experience an unforgettable entertainment journey. The celebrations will also feature a host of family-friendly activities, including the distribution of free gifts and prizes, as well as the launch of the much-anticipated 'Play & Win' campaign, which will reward lucky participants with exciting prizes. On this occasion, Mr. Ahmed Yusuf, Chief Executive Officer of Seef Entertainment, commented: 'Since the launch of Yabeela, our goal has been to deliver an unforgettable entertainment experience for the whole family. Today, we celebrate three years of success, innovation, and joyful memories shared with our valued visitors. We promise that the best is yet to come.' He added: 'This anniversary is a proud milestone for our entire team, whose dedication has helped cement Yabeela's reputation as the top family entertainment destination in Bahrain. It is also a celebration for our visitors from neighbouring countries who travel to the Kingdom to enjoy the unparalleled excitement and joy that Yabeela offers. We remain committed to creating new and innovative experiences that bring smiles to children's faces and unforgettable moments to families. I invite everyone to join us for this special occasion and take advantage of the exceptional offers and discounts to create lasting memories with their loved ones.' Yabeela is the largest indoor entertainment centre in Bahrain, spanning 6,000 square metres with a ceiling height of 12 metres. It offers a one-of-a-kind entertainment experience featuring family, sports, and interactive games for all age groups – from children to adults – including award-winning attractions like Al Dawama, Al Afoor, and the Tree of Life, along with a wide selection of games inspired by Bahraini heritage. Located at Al Liwan, Yabeela is the ideal destination for families seeking a safe, adventurous, and joy-filled environment, with all necessary safety and comfort measures in place. Don't miss out on the celebrations and discounts – visit Yabeela and enjoy an unforgettable time with family and friends.
Biz Bahrain
4 hours ago
- Business
- Biz Bahrain
Khaleeji Bank announces its sponsorship of the Bahrain Padel Federation Cup
Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has recently signed a sponsorship agreement with the Bahrain Padel Federation to support the Federation Cup under the title of 'Khaleeji Federation Cup' between 16th – 19th July 2025, in Padel Kingdom Courts, with the participation of top local players. The signing ceremony was held at Khaleeji Bank's headquarters in GFH Tower, Manama, where Mr. Mohamed Abdulla Saleh, Assistant General Manager of legal, regulatory and Corporate Affairs, signed on behalf of the Bank, while Mr. Fahad Fawzi Kanoo, Chairman of the Bahrain Padel Federation, signed for the Federation, in the presence of senior officials from both sides. This sponsorship underscores Khaleeji Bank's dedication to supporting Bahrain's youth and sports sector as a key pillar of its corporate social responsibility. It reflects the Bank's commitment to investing in the future of the youth and national sport, in line with the Kingdom's vision of promoting sport as an essential driver of social progress, the directives of the wise leadership, and the tireless efforts spearheaded by His Highness Shaikh Nasser bin Hamad Al Khalifa, HM the King's Representative for Humanitarian Work and Youth Affairs and Chairman of the Supreme Council for Youth and Sports, with the follow-up of His Highness Shaikh Khalid bin Hamad Al Khalifa, First Deputy Chairman of the Supreme Council for Youth and Sports, Chairman of the General Sports Authority and President of the Bahrain Olympic Committee. On this occasion, Mr. Mohamed Abdulla Saleh, Assistant General Manager of Legal, Regulatory, and Corporate Affairs at Khaleeji Bank, stated: 'We are delighted to announce this sponsorship, which embodies Khaleeji Bank's ongoing commitment to supporting national sporting initiatives and enabling the youth to develop their abilities across various sports, particularly Padel, which has witnessed remarkable growth and popularity in recent years. We are confident that the Khaleeji Federation Cup will elevate local competition and reinforce the Kingdom's position on the regional sporting map, in line with our vision to invest in talent and empower it to achieve sustainable success both locally and internationally.' On his part, Mr. Fahad Fawzi Kanoo, Chairman of the Bahrain Padel Federation, said: 'We are pleased with our partnership with Khaleeji Bank to launch the Khaleeji Federation Cup, an important step towards enhancing padel and attracting more players and fans. This support will enable us to organise a championship that raises standards, provides a platform to discover and refine promising talents, and strengthens Bahrain's presence regionally and globally in the sport.' Khaleeji is a leading Islamic bank that strives to achieve clients' ambitions through an Islamic banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies.
Biz Bahrain
4 hours ago
- Business
- Biz Bahrain
Bahraini-Polish Economic Forum highlights joint investment opportunities
Samir Nass, Chairman of the Bahrain Chamber of Commerce and Industry (BCCI), underscored that the Kingdom of Bahrain offers a wide range of investment opportunities that Polish companies can benefit from, particularly in the sectors of trade, construction, tourism, transportation, engineering, banking, and financial services. He noted that Bahrain's strategic location positions it as a key gateway to the markets of the Gulf, the Middle East, Africa, and Central Asia. This came during his chairmanship of the Bahrain Chamber delegation participating in the Bahrain-Poland Economic Forum, hosted in the Lublin region with broad participation from senior officials and diplomats from both countries. Nass emphasised the importance of advancing bilateral relations and expanding economic and commercial cooperation, highlighting Bahrain's progress in economic diversification and its shift toward innovation, technology, and industry. He also pointed out that Bahrain's robust financial infrastructure is supported by the presence of over 400 offshore banks. Nass commended the professionalism and efficiency of the Polish people, noting the significant potential for joint cooperation, especially in areas such as food security, education, and advanced manufacturing. He called on business communities in both countries to actively participate in trade and economic events and to increase the number of joint forums to enhance cooperation opportunities. Jarosław Stawiarski, Marshal of the Lublin Voivodeship, commended the forum as an important step toward strengthening economic partnerships. He emphasised that the region boasts substantial resources in agriculture, industry, and academic infrastructure, making it an attractive destination for Bahraini investments. Dariusz Marek Jedlina, President of the Lublin Chamber of Commerce and Industry, underscored the forum's role as a platform for fostering economic dialogue and building sustainable partnerships between the private sectors of both countries. He expressed the Chamber's keenness to support any joint initiatives. Waleed Kanoo, Vice Treasurer of BCCI, emphasised the Chamber's role in empowering the private sector and enhancing its competitiveness. He pointed out that the Chamber's sectoral committees serve as the voice of the market and provide scientifically grounded recommendations based on economic data analysis. Board member Ahmed Al Salloom described the forum as a positive step toward strengthening bilateral relations, stressing that Bahrain serves as a strategic gateway for Polish goods and investments. He also highlighted the importance of cooperation in technology, renewable energy, and green hydrogen. Board member Dr. Waheeb Al Khaja stressed the significance of cooperation in higher education and scientific research, calling for the expansion of academic partnerships and the launch of joint programmes to develop human capital. Additionally, a senior official at the International Cooperation Centre at the Lublin City Office, noted that the region offers an attractive investment environment for Gulf investors. She mentioned incentives such as tax refunds of up to 70% for up to 15 years, as well as advanced infrastructure including a regional airport and Europe's largest dry port. The forum witnessed the participation of over 40 Polish companies that expressed interest in expanding their operations in the Gulf region. The Bahraini delegation included prominent business figures from the health, food, education, and technology sectors. The forum concluded with the signing of several memoranda of understanding, reflecting the mutual desire to enhance transcontinental economic partnerships and cooperate in the areas of food security, manufacturing, education, financial services, and technology. BNA(R)
Biz Bahrain
4 hours ago
- Business
- Biz Bahrain
EazyPay and Tamara Announce Strategic Partnership to Power Seamless Payment Solutions Across the GCC
Eazy Financial Services (EazyPay), a leading Bahraini financial institution specializing in Point-of-Sale (POS) and online payment gateway acquiring services, has announced a strategic partnership with Tamara, one of the region's fastest-growing fintech platforms and a pioneer of the 'Buy Now, Pay Later' (BNPL) model in the GCC. Through this collaboration, EazyPay will serve as Tamara's local acquirer and provide advanced payment gateway services, enabling secure, seamless, and efficient transaction processing across Tamara's expanding network of merchants and customers in the Gulf. The partnership was formalized during a signing ceremony held on Wednesday, 25 June 2025, underscoring both companies' commitment to advancing the region's digital payments infrastructure. Nayef Tawfiq Al Alawi, Founder & CEO of EazyPay, commented: 'Tamara has rapidly become a key player in how consumers across the region choose to pay—particularly with the rise of BNPL models. By supporting their platform with our payment gateway services, we're enabling a smoother, faster, and more reliable experience for merchants and customers alike. It's a strong example of how fintech collaboration can deliver real value to the market.' Faris Al-Obaid, CEO and Vice Chairman of Tamara Bahrain B.S.C., added: 'We are absolutely thrilled to announce our strategic partnership with EazyPay in Bahrain, marking a pivotal moment for Tamara's expansion in the MENA region. EazyPay, a leader in payment solutions, will not only serve as our local acquirer but also as a key strategic partner for our growing operations in Bahrain. This collaboration is a testament to our commitment to enhancing our service offering and delivering a seamless, elevated experience to our customers. We are confident that EazyPay's local expertise and strong infrastructure will help us achieve our shared goals and promote financial inclusivity in the Kingdom.' This strategic alliance also reflects EazyPay's continued efforts to drive innovation and foster collaboration within the regional fintech ecosystem. As a homegrown Bahraini fintech leader, EazyPay remains committed to forging strong partnerships that support the wider digital transformation agenda shaping the future of commerce in the GCC. By combining Tamara's innovative consumer payment experience with EazyPay's proven technology infrastructure, this partnership is set to elevate the digital commerce experience across the Gulf, creating greater value and convenience for businesses and consumers alike.
