Semi-conductor chip manufacturer Polymatech Electronics would invest USD 16 million in Bahrain to establish a semi-conductor manufacturing facility in the gulf country, the company said. The facility to be set up as 'Atri' in Bahrain Industrial Area - Hidd - would play a critical role in producing essential 5G and 6G components and marks Polymatech Electronic's first step in expanding its global footprint. "We, at Bahrain EDB are pleased to welcome Polymatech alongside several leading multi-sector companies to business-friendly Bahrain. Bahrain continues to maintain momentum in delivering on its vision of developing a digital-first, intelligent economy, fostering a future-ready ecosystem that prioritizes the development of next-generation technologies, advanced manufacturing and a highly skilled workforce," Minister of Sustainable Development, Chief Executive of Bahrain Noor bint Ali Alkhulaif said. Polymatech establishing a semiconductor facility in Bahrain is set to usher in a new
The Bahrain Economic Development Board (Bahrain EDB) has secured investment commitments valued at USD 16.65 million from three leading India-based companies across the sectors of manufacturing, renewable energy, and ICT. The announcements were made during Bahrain EDB's ongoing week-long visit to Mumbai, Bengaluru, and Chennai, designed to strengthen bilateral economic ties and attract foreign direct investment to Bahrain, it said in a statement. H E Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, said, "We at Bahrain EDB are proud to welcome these companies to our business-friendly island nation, further underscoring the robust economic and commercial ties between India and Bahrain that have been traced back 5,000 years to the Dilmun and Indus Valley civilizations. "This cumulative investment reflects the strength and competitiveness of Bahrain's value-proposition and fast-growing reputation as a key regional hub for leading manufacturin
The firms did not disclose the transaction value, but BitOasis said in a separate statement that CoinDCX, now owns the full share capital of the Dubai-based company
Iran and Bahrain have agreed to talk about how they might resume bilateral relations after nearly eight years, Iranian media reported Monday. The report by state-run IRNA news agency said Iran's acting foreign minister Ali Bagheri Kani and his Bahraini counterpart Abdullatif bin Rashid al-Zayani spoke on the sidelines of the ongoing Asian Cooperation Dialogue in Tehran. The report said both sides agreed on creating the framework to start talks on the requirements for resuming diplomatic relations. This is al-Zayani's second visit to Tehran in a month. The first came during the memorial for President Ebrahim Raisi who died in a helicopter crash in May. Bahrain cut its diplomatic relations with Iran after Saudi Arabia severed diplomatic ties with Tehran following Riyadh's execution of an opposition Shiite cleric and attacks on Saudi diplomatic posts in Iran in 2016. Iran and Saudi Arabia resumed their diplomatic relations in 2023.
The Egyptian Space Agency, Bahrain's National Space Science Agency, and Changchun Institute of Optics, Fine Mechanics and Physics signed an agreement for the joint development of hyperspectral camera
The government on Wednesday permitted exports of 4,750 tonnes of onion to Bhutan, Bahrain, and Mauritius through the National Cooperative Exports Ltd (NCEL). The Directorate General of Foreign Trade (DGFT) in a notification said that while export of 550 tonnes of onion is permitted to Bhutan; 3,000 tonnes to Bahrain, and 1,200 tonnes to Mauritius. "Exports of onions" to these three countries "through NCEL is notified," it said. Last week, India allowed exports of 64,400 tonnes of onion to the UAE and Bangladesh. DGFT is an arm of the commerce ministry, which deals with norms related to imports and exports. Though onion exports are banned, shipments are allowed on the basis of permission granted by the government to other countries based on their request. On December 8 last year, the government banned exports of onion till March 31 this year with a view to increase domestic availability and to keep prices in check. To control prices, the government has earlier taken several steps
Two British warships collided in a harbour in Bahrain, causing damage to the vessels but no injuries, the Royal Navy said. The HMS Chiddingfold appeared to reverse into the HMS Bangor as it was at a dock, according to video posted on social media. Why this happened is still to be established," said Rear Admiral Edward Ahlgren. We train our people to the highest standards and rigorously enforce machinery safety standards, but unfortunately incidents of this nature can still happen. Ahlgren said an investigation is under way into what went wrong. The two minehunters have been based in the Middle East to help protect merchant vessels. The British military last week joined the US in bombing more than a dozen sites used by the Iranian-backed Houthis in Yemen, whose relentless attacks on cargo vessels and warships in the Red Sea have disrupted global shipping.
The US and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen, Defence Secretary Lloyd Austin announced early Tuesday in Bahrain. The seriousness of the attacks, several of which have damaged the vessels, has led multiple shipping companies to order their ships to hold in place and not enter the Bab el-Mandeb Strait until the security situation can be addressed. This is an international challenge that demands collective action, Defence Secretary Lloyd Austin said in statement released just after midnight in Bahrain. Therefore today I am announcing the establishment of Operation Prosperity Guardian, an important new multinational security initiative. The United Kingdom, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles and Spain will join the US in the new mission, Austin announced. Some of the countries will conduct joint patrol
The Directorate of Revenue Intelligence (DRI) on Monday recovered a substantial amount of gold in compound form from the lavatory of an Indigo flight that had arrived from Bahrain at Cochin International Airport. Acting on a tip off, DRI officials conducted an inspection of the flight, leading to the seizure of 3,285 grams of gold, agency sources said here. The market value of the seized gold is estimated to be around Rs two crore. Although an investigation has been initiated, no arrests have been made at this point, they said.
The Essar project, set to be the region's inaugural green steel initiative, aspires to establish a global standard in CO2 reduction
Bahrain-based firm Foulath arm Bahrain Steel has collaborated with Essar Group's KSA Green Steel Project for supply of iron ore pellet to Green Steel Arabia (GSA) project. Through this partnership, the Bahrain Steel will deliver four million tonnes of DR-grade pellets per annum (mtpa) to Essar Group, a statement said. The Bahrain Steel is the only (Gulf Cooperation Council) GCC-owned pellet producer and leading supplier of high-quality DR grade pellets to all integrated steel producers in the region, it stated. "Foulath Subsidiary, Bahrain Steel, a leading producer, and global supplier of high-grade iron-ore pellets, has partnered with multinational conglomerate Essar Group in the supply of iron ore pellets to the Green Steel Arabia (GSA) project. The Letter of Intent (LOI) signing ceremony was held on Wednesday, 16th August 2023, in Jubail, Saudi Arabia. Dilip George, Group CEO of Foulath Holding, said in the statement,"Bahrain Steel's LOI with Essar for the supply of 4 million .
The move is part of an economic recovery plan launched by the oil producing state in October 2021 to boost growth and job creation
Hackers said they had taken down the websites of Bahrain's international airport and state news agency on Tuesday to mark the 12-year anniversary of an Arab Spring uprising in the small Gulf country. A statement posted online by a group calling itself Al-Toufan, or The Flood in Arabic, claimed to have hacked the airport website, which was unavailable for at least a half hour in the middle of the day. It also claimed to have taken down the website of the state-run Bahrain News Agency, which was sporadically unavailable. The group posted images showing 504 Gateway Timeout Errors, saying the hacking was in support of the revolution of our oppressed people of Bahrain. The same group appears to have hacked and changed articles on the website of Akhbar Al Khaleej, a pro-government newspaper in Bahrain, hours earlier. The newspaper's website was still down Tuesday. There was no immediate comment from authorities. Feb. 14, 2011, marked the first day of protests led by Bahrain's Shiite ...
General Presidency for Affairs of the Grand Mosque in Mecca and the Prophet's Mosque in Medina on Monday condemned the "insulting statements" made by BJP leaders against the Prophet
Countries like Mongolia, Seychelles and Bahrain had relied on the easily accessible Chinese vaccines to combat the coronavirus pandemic. These countries are now battling a surge in infections
S Jaishankar has conveyed condolences on behalf of the government and people of India to the Bahraini leadership on the demise of Prime Minister of Bahrain Prince Khalifa bin Salman Al Khalifa
Bahrain's state-run news agency announced his death, saying he had been receiving treatment at the Mayo Clinic, without elaborating.
The Israeli Cabinet approved the normalisation deal with the Arab Gulf state of Bahrain on Sunday, a week after the two countries agreed to establish formal diplomatic ties. The deal next requires ratification by the Knesset, Israel's 120-seat parliament. A date for that vote has not yet been set. Prime Minister Benjamin Netanyahu's office said the government ministers green-lit "preparation of peaceful, diplomatic and friendly relations between the state of Israel and the Kingdom of Bahrain". Sunday's vote was largely a formality after the two countries last week agreed to establish diplomatic relations in the wake of signing a US-brokered agreement in September. The two countries had long harboured close, clandestine security cooperation over a shared enmity of regional rival Iran. The United Arab Emirates, which signed a separate deal with Israel in September, and Bahrain are now the third and fourth Arab states to establish formal diplomatic ties with Israel. Egypt and Jordan .
Among the historic deals signed in Bahrain's capital Manama was a Joint Communique on Establishment of Diplomatic, Peaceful and Friendly Relations between the two countries, BNA said
US Treasury Secretary Steven Mnuchin and Prime Minister Benjamin Netanyahu''s national security adviser, Meir Ben-Shabbat, are leading the delegation that is flying out of Tel Aviv' airport