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4Vote!

Islamic bond problems herald due-diligence era

LONDON/MANAMA (Reuters) - Islamic bond defaults and the standstill requested for Dubai's Nakheel will transform the market as investors demand more transparency and subject new issues to forensic due diligence.

3Vote!

CMF Participates in Counter-Piracy Conference in Beijing - dvids

MANAMA, Bahrain - Combined Maritime Forces took part in an international counter-piracy conference held in Beijing recently. Piracy off the coast of Somalia continues to ...

3Vote!

Calling from the Minarets

Women's rights in Bahrain are ringing out from unexpected sources. [Manama, Bahrain]- A fresh row has erupted between the government and parliament in the tiny Gulf state. The Ministry of Justice and Islamic Affairs is being held to task for the recruitment of four female prayer criers (muezzins). In the conservative nation, Islamic theology and women's labor rights are making for a problematic partnership....

5Vote!

Deutsche converts $30 mln into GFH shares

MANAMA, Nov 24 (Reuters) - German lender Deutsche Bank AG has converted a third of its $100 million convertible murabaha into shares of Gulf Finance House (GFH), the Bahrain-based Islamic investment house said on Tuesday.

3Vote!

eGovernment Authority Signs Two MoUs with Talal Abu-Ghazaleh Organization (source: AG IP News)

MANAMA - The Bahraini eGovernment Authority (eGA) and Talal Abu-Ghazaleh Organization (TAG-Org) signed two Memoranda of Understanding (MoUs) which will facilitate GCC and fellow Arab nations to benefit from the latest developments and innovations in the IC... (source: AG IP News) - RSS news feeds and Widgets on Feedzilla.com

3Vote!

Maersk Alabama Fights Back

Remember this story just this year about the Maersk Alabama that got hijacked by pirates? The pirates attacked again today off the northeast coast of Somalia, but the U.S.-flagged container ship Maersk Alabama was ready to fight back.According to a statement released by the U.S. Fifth Fleet in Manama, Bahrain, when a pirate skiff approached the ship this morning, the security team on board

3Vote!

US Navy: M/V Maersk-Alabama Repels Suspected Pirate Attack

News from U.S. Naval Forces Central Command, U.S. 5th Fleet Combined Maritime Forces. D ispatches from the Front: MANAMA, Bahrain, Nov. 18, 2009 -- Motor Vessel (M/V) Maersk-Alabama came under attack from suspected pirates today at 6:30 a.m. local time while transiting 560 nautical miles off the northeast coast of Somalia. Four suspected pirates in a skiff came within 300 yards of M/V Maersk-Alabama...

6Vote!

New Zealand qualify for World Cup with play-off win over Bahrain

New Zealand 1-0 Bahrain (agg. 1-0) New Zealand claimed their place at next year's World Cup finals with a pulsating win over Bahrain in the second leg of their play-off. Striker Rory Fallon headed home the only goal of the game on the stroke of half-time, while goalkeeper Mark Paston also saved a penalty to see the All Whites through to South Africa. It was enough to secure a 1-0 aggregate victory...

3Vote!

NZ beat Bahrain to qualify for World Cup finals

A goal by Rory Fallon just before half-time and some fine goalkeeping by Mark Paston secured New Zealand's ticket to next year's World Cup as they squeezed past Bahrain 1-0 here on Saturday. In a match billed as the biggest sporting event ever staged in New Zealand, the single goal broke the deadlock after the first leg of the Asia-Oceania final at Manama last month ended in a scoreless draw. Bahrain's...

3Vote!

NZ 1-0 Bahrain: All Whites qualify for finals

New Zealand claimed their place at next year's World Cup finals with a pulsating win over Bahrain in the second leg of their play-off. Striker Rory Fallon headed home the only goal of the game on the stroke of half-time, while goalkeeper Mark Paston also saved a penalty to see the All Whites through to South Africa. In front of a capacity crowd at Wellington's Westpac Stadium on Saturday night, New...

3Vote!

Bahrain aim for World Cup spot against N. Zealand

Footballing minnows Bahrain are bidding to become the smallest nation ever to qualify for the World Cup when they take on New Zealand in a make-or-break qualifier on Saturday. The island state fell at the final hurdle on the way to the 2006 World Cup and are desperate to avoid a repeat. After a scoreless first leg draw in Manama last month, things are evenly poised with New Zealand, who will also...

4Vote!

Lady luck smiles on New Zealand's All Whites' World Cup dream

After a 0-0 in Bahrain, New Zealand are on the cusp of qualifying for next year's tournament in South Africa The footballing fraternity of New Zealand, who are counting down to their most important match for almost three decades, are entitled to wonder how many more strokes of luck can touch their bid to reach their first World Cup finals since 1982. First of all, Australia's departure from the Oceania...

3Vote!

PREVIEW: Full-house looking for a win

Wellington, New Zealand - Unlike the five other play-off matches scheduled for Saturday, the game between New Zealand and Bahrain in Wellington will be decisive. A few weeks ago the All Whites managed a respectable goalless draw in Manama in the firs...

3Vote!

Crisis fallout on Islamic finance to be reviewed

MANAMA: The impact of the credit crunch on Islamic finance will be discussed at a unique UK Trade & Investment roundtable debate at the 16th Annual World Islamic Banking Conference, being held next month in Bahrain.

5Vote!

Gulf Finance House swings to Q3 loss on lower income

MANAMA, Nov 10 (Reuters) - Gulf Finance House (GFH) said on Tuesday it swung to a quarterly net loss as its revenues from placing investments dwindled. GFH, Bahrain's largest Islamic investment house by market value, said the net loss in the three months ended Sept. 30 was $29 million, compared with a net profit of $82.1 million in the year-earlier period.