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Posts Tagged ‘Bahrain’

Dayen bags first Bahrain contract worth $2.15m

Dayen Environmental, the wastewater treatment specialist, says it has entered into a new contract with Habib Ali Awachi & Sons Group for a new sewage treatment plant in Bahrain.

Under the contract, Dayen will supply and supervise the installation and commissioning of a 1,000 cubic metres/day municipal sewage treatment plant system using Membrane Bioreactor technology for Bahrain Petroleum Company (BAPCO), a wholly-owned company of the Government of Bahrain engaged in the production and refining of crude oil.

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Abu Dhabi Islamic Bank eyes Asian expansion

Abu Dhabi Islamic Bank (ADIB.AD) plans to develop sharia wealth management opportunities in Asia, with Malaysia, Indonesia and Singapore seen as the fastest-growing markets, a top official said yesterday.

“Ethical investing has now become a norm and Islamic banking and wealth management to us is the next level of ethical because there is a spiritual element to that,” Malik Sarwar, the bank’s executive vice president for global wealth management, said on the sidelines of an Islamic banking conference in Bahrain.

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Singapore wants vigilance on asset prices

Asian asset prices have risen sharply, which calls for vigilance, a senior official at the city state’s monetary authority said today.

“I have not said there is an asset bubble … but we need to be vigilant. I have only said there is a very sharp increase in asset prices in Asia,” Heng Swee Keat, the managing director of the Monetary Authority of Singapore, told Thomson Reuters in Bahrain.

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Nov 30: DBS, CityDev, Asiatravel, Pacific Andes, STX, TPV

The following companies may have unusual price changes in trading today, say Thomson Reuters and Bloomberg. Share prices are from the previous close. Singapore’s Straits Times Index dropped 1.1% to 2,762.22 last Rhursday. The market was shut for a public holiday last Friday.

DBS Group Holdings (DBSM.SI) owns 50% of tiny Islamic Bank of Asia, which focuses on wholesale commercial banking, corporate finance, capital markets and wealth management services in the Middle East and Asia from its offices in Singapore and Bahrain. DBS also has a branch in Dubai. DBS, 28% owned by state investor Temasek (TEM.UL), derives the bulk of its revenue from Singapore and Hong Kong. But in its earnings statement for the second quarter ended June 2009, it blamed an increase in non-performing loans to “exposures to shipping and Middle East corporates and institutions”.

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Soccer: No time for Bahrain to dwell on World Cup failure

Bahrain have little time to dwell on the heartache of their World Cup playoff defeat to New Zealand at the weekend as they return home to host Yemen in a 2011 Asian Cup qualifier on Wednesday. Bahrain coach Milan Macala successfully requested the Asian Football Confederation (AFC) move the

Cup penalty pain for Bahrain

Bahrain’s hopes of representing the Middle East at the 2010 World Cup were quashed yesterday as a missed penalty cost the Gulf nation dear in their Asia-Oceania play-off against New Zealand. Sayed Adnan shot straight at Kiwi keeper Mark Paston from 12 yards early in the second half to leave the

Soccer: New Zealand beat Bahrain to qualify for 2010 World Cup finals

New Zealand has beaten Bahrain 1-0 on Saturday to qualify for the 2010 World Cup finals in South Africa. In the second leg of their Asia/Oceania playoff at Westpac Stadium in Wellington, Rory Fallon scored the only goal in the final minute of the first half. The first leg in

Soccer: New Zealand beat Bahrain to qualify for 2010 World Cup finals

New Zealand has beaten Bahrain 1-0 on Saturday to qualify for the 2010 World Cup finals in South Africa. In the second leg of their Asia/Oceania playoff at Westpac Stadium in Wellington, Rory Fallon scored the only goal in the final minute of the first half. The first leg in

Soccer: Bahrain look to build on first-leg lessons

Bahrain will be hoping to build on a dominant second-half display in last month’s scoreless draw with New Zealand as the platform for a better result in Saturday’s Asia/Oceania World Cup qualifier second leg. The winner of the match at a sold-out Westpac Stadium in Wellington will advance to

Football: Do or die for Bahrain in World Cup

For once in rugby-mad New Zealand the round ball is hogging the headlines ahead of Saturday’s crunch tie here against Bahrain for a place in next year’s football World Cup. The All Whites only ever appearance in football’s showcase event was in 1982 and Bahrain is gunning for its first ever

Fi grand Prix

General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, with King Hamad bin Isa Al Khalifa of Bahrain at the Yas Marina Circuit, venue of the first Formula 1 Etihad Airways Abu Dhabi Grand Prix.        Keep up with theGeneral Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, with King Hamad bin Isa Al Khalifa of Bahrain at the Yas Marina Circuit, venue of the first Formula 1 Etihad Airways Abu Dhabi Grand Prix.   Keep up with the

F1 grand Prix

General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, with King Hamad bin Isa Al Khalifa of Bahrain at the Yas Marina Circuit, venue of the first Formula 1 Etihad Airways Abu Dhabi Grand Prix.        Keep up with theGeneral Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, with King Hamad bin Isa Al Khalifa of Bahrain at the Yas Marina Circuit, venue of the first Formula 1 Etihad Airways Abu Dhabi Grand Prix.   Keep up with the

Schumacher lauds F1 move from Europe

Michael Schumacher has welcomed Abu Dhabi to the Formula One calendar and sees the sport’s newest race as further evidence of the East’s pulling power.        This weekend’s inaugural Abu Dhabi Grand Prix joins fellow-GCC member Bahrain, Malaysia, China, Singapore and Japan as EasternMichael Schumacher has welcomed Abu Dhabi to the Formula One calendar and sees the sport’s newest race as further evidence of the East’s pulling power. This weekend’s inaugural Abu Dhabi Grand Prix joins fellow-GCC member Bahrain, Malaysia, China, Singapore and Japan as Eastern

‘We deserve to go’ say Bahrain

Bahrain scored in the last minute of stoppage time to beat Saudi Arabia on the away goals rule in their Asian World Cup playoff. Bahrain advanced to a final qualifying play-off against Oceania champions New Zealand after substitute Ismael Abdullatif’s last-gasp goal secured a 2-2 draw following

“The World’s Source for Global Temperature Record Admits It’s Lost or Destroyed All the Original Data That Would Allow a Third Party to” Model Climate

According to the Register:The world’s source for global temperature record admits it’s lost or destroyed all the original data that would allow a third party to construct a global temperature record. The destruction (or loss) of the data comes at a con…

BMW to pull out Formula One at end of season

MUNICH (AP) — BMW is pulling out of Formula One at the end of this season, the second car maker to leave the series within a year.
The German company announced the decision at a news conference Wednesday, saying it wanted to use its significant F1 budget in other areas. It will remain involved in [...]

US-Israeli talks make ‘progress’

George Mitchell in Tel Aviv, July 26

US Middle East envoy George Mitchell is expected to call on Israel to halt new settlement construction, in a meeting with Israeli PM Benjamin Netanyahu.

Mr Mitchell earlier said such difficult choices would need to be made, as he continues a US push seeking a comprehensive Middle East peace deal.

Mr Netanyahu has previously rejected a freeze on settlement building, saying "natural growth" must be allowed.

Settlement building has been a major block to peace with the Palestinians.

Mr Mitchell is one of several senior US officials visiting the Middle East trying to push the key players to take meaningful steps towards a comprehensive regional peace settlement.

US Defence Secretary Robert Gates has arrived in Baghdad after talks in Israel with officials there on Iran and its nuclear programme.

President Barack Obama’s National Security Adviser James Jones and veteran diplomat Dennis Ross are also to arrive in the region to join the diplomatic offensive.

‘Roadmap obligations’

In earlier meetings in the region, Mr Mitchell urged Israelis and Palestinians to make the difficult choices needed for peace.

He told Israeli President Shimon Peres on Monday that Israel could improve the climate by "dealing with difficult issues like settlements and outposts".

US-Israeli relations have become strained since President Obama demanded a halt to all Israeli settlement building in the occupied West Bank.

All settlements are illegal under international law, though Israel disputes this. Israel has settled more than 450,000 Jews in the occupied West Bank, including East Jerusalem.

US DIPLOMATIC DIARY

  • Special envoy to the Middle East George Mitchell (to Syria, Israel, Palestinian Territories, Egypt, Bahrain)
  • Defence Secretary Robert Gates (to Israel, Jordan)
  • National Security Adviser James Jones (to Israel)
  • Envoy to the Gulf states Dennis Ross (to Israel)

Profile: George Mitchell

Israel downplays settlement rift

Although the Israelis are reluctant to agree to demands that they stop settlement building, there may be a compromise brewing whereby the Israelis agree to finish the building of 2,000 new apartments a short distance inside the West Bank, but freeze all other construction.

However, the Palestinians have said nothing short of a complete and immediate end to settlement building will do. They have refused to meet their Israeli counterparts until settlement activity ceases.

Palestinian negotiator Saeb Erakat accused Israel of failing "to fulfill any of its roadmap obligations, including a settlement freeze, the reopening of Palestinian institutions in East Jerusalem, removal of outposts, the release of Palestinian prisoners", reports AFP news agency.

He spoke late on Monday after a meeting between Mr Mitchell and Palestinian Authority President Mahmoud Abbas in the West Bank town of Ramallah.

Earlier in the day Mr Mitchell met President Hosni Mubarak in Cairo – a day earlier than initially scheduled, apparently at Mr Mubarak’s request.

The Egyptians are currently brokering reconciliation talks between the deeply divided Palestinian factions of Fatah and Hamas.

Despite several rounds of talks, the two Palestinian factions are still at odds on the most sensitive issues, such as the shape of a future unity government, the remit of the joint security force and the system that would be implemented for any upcoming elections.

Iran options

Relations with Iran have also been on the agenda, with the US pushing for a response to earlier overtures.

Shortly after coming to office in January, Mr Obama said if Iran and countries like it were "willing to unclench their fists, they will find an extended hand from us".

On Monday, Defence Secretary Gates said the US offer to Iran was "not open-ended", echoing comments by US Secretary of State Hillary Clinton earlier this month.

Mr Obama was hoping for a response by the time of the UN General Assembly in September, Mr Gates added.

His Israeli counterpart Ehud Barak indicated that military action remained an option on Iran, following talks with Mr Gates in Jerusalem. But he added that "priority should be given still to diplomacy and sanctions".

Israel says Iran’s alleged nuclear ambitions remain its number-one concern and in recent weeks the US has expressed dismay about Iran’s suppression of protests over disputed presidential elections.

Iran denies claims it wants to build nuclear weapons, saying it is enriching uranium for a civilian energy programme.

Mr Gates later held talks with Prime Minister Netanyahu. The Israeli leader’s office said in a statement that he had emphasised the need to use "all available means" to prevent Iran developing nuclear weapons.


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