Author: News Desk

Manama : Bahrain Mumtalakat Holding Company (“Mumtalakat”, “the Group”), the sovereign wealth fund of the Kingdom of Bahrain, has announced its highest consolidated net profit since its inception in 2006, reporting a consolidated net profit of BD 363 million for the year ended December 31, 2024, reflecting the Group’s successful strategy and ongoing efforts to achieve long-term sustainable returns. Contributing to these results was Mumtalakat’s successful execution of McLaren Group’s corporate restructuring, and its partnership with CYVN Holding (CYVN), following the strategic agreement signed in December 2024. The Group’s principal associates, National Bank of Bahrain (NBB) and Bahrain Telecommunications Company…

Manama :  The Anti-Economic Crimes Directorate of the General Directorate of Anti-Corruption and Economic and Electronic Security at the Ministry of Interior arrested an Arab national for involvement in fraudulent activities, which included advertising chalet and camp rentals at low prices through a social media platform.The General Directorate noted that it had received several complaints regarding the scam and immediately launched investigations.  After gathering evidence and conducting enquiries, the suspect was identified and apprehended.  Legal procedures were taken, and the case has been referred to the Public Prosecution.The General Directorate urged citizens and residents to refrain from engaging with suspicious…

Manama : His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, deputised Lieutenant General Dr. Shaikh Mohammed bin Abdullah Al Khalifa, Chairman of the Supreme Council of Health (SCH), to inaugurate the Muharraq Specialised Healthcare Centre. The ceremony was attended by Ibrahim bin Hassan Al Hawaj, Minister of Works; Dr. Jaleela bint Al Sayed Jawad Hasan, Minister of Health; Sultan bin Abdulrahman Al Marshad, CEO of the Saudi Fund for Development (SFD); and senior medical officials. Lt. Gen. Dr. Shaikh Mohammed bin Abdullah commended the SFD’s continued support for development projects and highlighted the centre as…

Amman : Search and rescue teams in the Southern Region of Jordan have found the bodies of two people who went missing due to flash floods in the Shoubak District.The Public Security Directorate said the search and rescue teams formed in the Southern Region from Civil Defense, police directorates, and the Gendarmerie Forces were able to locate the Belgian woman and her son after working for many hours in difficult weather conditions and challenging terrain.  Their bodies were evacuated, and an investigation into the incident has been opened.The Petra Development and Tourism Region Authority in Jordan also evacuated hundreds of…

• Non-oil activities contributed 86.0% to real GDP in 2024• Total inward Foreign Direct Investment stock increased by 5.7% YoY to reach a total of BHD 17.3BnThe Ministry of Finance and National Economy published on its website www.mofne.gov.bh today the Bahrain Economic Report for the year 2024.According to preliminary data released by the Information and eGovernment Authority, Bahrain’s economy grew by 2.6% YoY in real terms in 2024. This growth was supported by a 3.8% increase in the non-oil activities, while oil activities experienced a decline of 4.0% YoY. In nominal terms, the GDP rose by 2.0% YoY, with non-oil activities growing…

Cairo : The Arab Administrative Development Organisation, in cooperation with Egypt’s State Lawsuits Authority, launched the First Arab Judicial Conference in Cairo. The event aims to explore the role of artificial intelligence in enhancing the efficiency of judicial work. Dr. Nasser Al Qahtani, Director General of the Organisation, emphasised that AI applications contribute to data analysis and increased transparency. He noted that this requires the development of judicial systems and the building of advanced human skills. On his part, Abdel Razek Shoaib, Head of the Authority, called for the responsible use of AI to serve justice, alongside reviewing legal frameworks…

Manama : Al Hilal Healthcare Group, the largest private healthcare provider in Bahrain, is proud to achieve the milestone in the history of the Kingdom — the largest healthcare acquisition in Bahrain. Al Hilal Healthcare Group officially announced the acquisition of Middle East Hospital, Segaya now rebranded as Al Hilal Premier Hospital and the soft launch of Al Hilal Premier Hospital during the press meet on Monday 5th May, 2025, in the presence of the Managing Directors of Al Hilal Healthcare Group, Dr. P A Mohammed and Mr. Abdul Latheef, ), Dr. Sharath Chandran (CEO of Al Hilal Healthcare Group),…

Bucharest :  Voters in Romania cast their ballots in the first round of the presidential election. The candidates include right-wing politician George Simion, former Senator Crin Antonescu (65), who is backed by the three parties in the current government, Bucharest Mayor Nicusor Dan (55), running as an independent, and former leftist prime minister Victor Ponta. Voting began at 7 a.m. (04:00 GMT) and will end at 9 p.m. (18:00 GMT), with exit polls to be announced immediately afterwards. Simion is polling at around 30%, a comfortable lead but well below the 50% required to avoid a run-off on May 18.

Algiers : Arab parliaments expressed their full support for the “Bahrain Declaration” issued at the 33rd Arab Summit hosted by the Kingdom of Bahrain. This endorsement was officially reflected in the final statement of the 38th Arab Inter-Parliamentary Union Conference, held in Algeria. The parliaments commended Bahrain’s efforts in supporting initiatives aimed at ending the war in Gaza, affirming its solidarity with the Palestinian people, safeguarding their legitimate rights and interests, delivering humanitarian aid, and advancing efforts toward a just and lasting peace in the region. Ahmed Abdulwahid Qarata, Second Deputy Speaker of the Council of Representatives and Head of…

Riyadh : The National Center for Environmental Compliance of Saudi Arabia (NCEC) has activated the first smart buoy in the Arabian Gulf at King Fahd Industrial Port in Jubail. The activation contributes to a national initiative to deploy 35 smart buoys across the Red Sea and Arabian Gulf this year as a key element of a comprehensive marine and coastal environmental monitoring strategy. Alnahdi emphasised that the Arabian Gulf’s first buoy marks a significant advancement in environmental monitoring, allowing real-time data transmission from both the Kingdom’s eastern and western coasts to its major ports. This will provide crucial data to…