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$1bn bonds issue to target US investors
01/25/2010 MANAMA: Bahrain plans to issue a $1 billion sovereign bond with a 10-year maturity, the Central Bank of Bahrain (CBB) said yesterday, with a banking source saying the issue will mostly target US investors.
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Bahrain launches ambitious new oil venture
Jan. 20,2010 Manama, Bahrain oil field in Awali has entered a new phase of development with the launch of Tatweer Petroleum. The Tatweer Petroleum flag was raised and a plaque unveiled at Oil Well No 1 at Jebel Dukhan in the presence of HRH Prince Salman bin Hamad Al Khalifa, Bahrain’s Crown Prince and chairman of the Economic Development Board.
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OPEN FOR BUSINESS
January 13, 2010 MANAMA: Bahrain's third Gulf Industry Fair (GIF), which opened yesterday, is proof that the kingdom is performing well despite global economic pressures, said the Prime Minister. "The Gulf Industry Fair is a good index reflecting the healthy national economy," His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa said.
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Top industrialists and business leaders to gather in Bahrain for Gulf Industry Forum
A panel of acclaimed regional and international business leaders and industrialists will gather in Bahrain in January to take part in the first Forum dedicated to the Gulf's industrial sector.
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Bahrain GDP Grows
October 28, 2009: Marios Maratheftis, Standard Chartered Bank Middle East North Africa and Pakistan global markets regional head, praised Bahrain’s two percent growth in gross domestic product (GDP) growth as a sign of good things to come. Considering the tough global economic environment, the fact that Bahrain managed to grow is a considerable feat. Several GCC nations were sent reeling during the downturn, which saw a few economies shrink.
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Ex-Im Bank Supports Export of GE Gas Turbines to Bahrain
September,1 2009 The Export-Import Bank of the United States (Ex-Im Bank) has approved a $230 million direct loan to support the sale by General Electric International Inc.
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Bahrain to Have Cheaper Power
July 9, 2009: Power is expected to become cheaper in the GCC with the launch of a regional power grid, which was yesterday described as "revolutionary" by one of Bahrain's energy chiefs.
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Top Gulf Industry Exhibition Lined Up
July 2, 2009: The Gulf Industry Fair 2010 will be held from January 12 to 14 next year at the Bahrain International Exhibition and Convention Centre.
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Tapioca 'Fuel' Push for Gulf
July 1, 2009: Asian countries are marketing their tapioca, sugarcane and palm oil as alternative fuel sources for the Gulf, it has emerged.
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Oil Services Joint Venture Set Up
June 17, 2009: Shoaibi Group and FMC Petroleum Equipment (Malaysia) yesterday announced the formation of a joint venture, FMC Technologies Saudi Arabia, based in Al Khobar.
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GE Energy Lands $500M in Contracts in Bahrain Project
June 11, 2009: General Electric Company (GE) yesterday said it has signed over $500 million worth of contracts to supply equipment for what will become the biggest power plant in Bahrain.
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Major Hi-tech Oilfield Deal Set for Signing
May 26, 2009: A major deal, allowing the country to have the required technology to tap into the remaining four million barrels of oil from its Bahrain Field could be signed soon.
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Gas Tenders on Way
May 18, 2009: At least 19 international oil companies have shown interest in exploring for deep offshore gas deposits in Bahrain, it emerged yesterday.
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With FTA Boost, Bahrain-U.S. Trade Soars to $1.3B
May 18, 2009 : Under the Free Trade Agreement (FTA), total trade between Bahrain and the U.S. exceeded $1.34 billion last year, this despite the economic downturn, as reported in early May.
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Bahrain Signs Major Deal to Bolster Output
April 27, 2009: A massive expansion of Bahrain's onshore oilfield, which could more than double its oil and gas production, is now closer than ever.
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Bahrain Plans $350M Pipeline Upgrade
January 20, 2009: Bahrain and Saudi Arabia discussed plans Tuesday for the $350 million expansion and upgrade of a 70.8-mile oil pipeline between the two nations, officials said.
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USD 20 Million Energy Installation to Be Built in Hidd
January 20, 2009 : Bahrain’s attractiveness as a major market for international energy investments was further confirmed last month, with the announcement that a new USD 20 million energy installation is under development at the Bahrain International Investment Park in Hidd. As many as 250 new jobs are projected to be created at the new facility.
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Bahrain Society of Engineers to bring Historic First Conference
October 27, 2008: The event which is held under the patronage of Bahrain Oil and Gas Affairs Minister and National Oil and Gas Authority (NOGA) chairman His Excellency Dr Abdul Hussain bin Ali Mirza, will take place from November 2 to 5 at the Gulf Convention centre at the Gulf Hotel in Adliya.
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Bahrain Boost As Oil Production To Double
September 16, 2008: Bahrain could double its oil production under development plans which would give its economy a massive boost.
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Oil and Gas Industry Boasts Booming Production
August 27, 2008: Bahrain's booming oil and gas production surged in the first half of the year, according to a report issued yesterday by the National Oil and Gas Authority.
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Bapco Signs Samsung Deal for Lube Oil Plant
August 20, 2008: Bapco, along with its strategic partners Nogaholding and Neste Oil, yesterday signed a $314 million engineering, procurement and construction (EPC) contract with Samsung Engineering for its joint venture lube base oil plant project.
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Op-Ed: Betting on Bahrain
August 15, 2008: When either John McCain or Barack Obama takes the oath of office to serve as America's 44th president, the small but strategic country of Bahrain in the oil-rich Persian Gulf should be a top foreign-policy priority.
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ExxonMobil to Conduct Gas Feasibility Study in Bahrain
May 27, 2008: ExxonMobil will study the gas situation in Bahrain, said Dr Abdul Hussain Ali Mirza, Minister of Oil and Gas Affairs. He said that the study would look into the quantity of gas that Bahrain has and how best to use it.
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Firms Keen to Tap Petrochem Sector
May 22, 2008 : Regional and international companies are keen to tap into the Middle East's refining and petrochemicals sectors.
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Bahrain-EU to Tap Wind-Solar Power
April 17, 2008 : Bahrain is exploring wind and solar power initiatives with the European Union (EU), it has emerged.
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World’s First Integrated Wind Turbines Inaugurated in Bahrain
April 8, 2008 : The Bahrain World Trade Center (BWTC) made history yesterday as its pioneering wind turbines turned together for the first time.
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POWER-GEN ME Returns to Bahrain for 2009
March 18, 2008: Following a hugely successful event in 2008, POWER-GEN Middle East will see a welcome return to the hospitality of the Kingdom of Bahrain for the region's premier conference and exhibition for the power generation, transmission & distribution and water industries.
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Bahrain Meet to Discuss Cleaner Fuel
March 13, 2008: Minister of Oil and Gas and Head of the National Authority for Petroleum and Gas Dr. Abdul Hussain Bin Ali Mirza today opened the regional meet on developing GCC policies to use cleaner fuel for better environment.
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Bahrain: Energy Problems and Regional Nuclear Power Perspectives
March 13, 2008: Bahrain, along with other Arab countries, intends to participate in macro-regional development aimed at increasing and diversifying the production of electrical power.
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Bahraini Retail Fuel Outlets Could Be Privatized - Report
February 8, 2008 : In a bid to increase the number of retail outlets in Bahrain, state-owned Bapco petrol stations could be privatized, according to Petrol World, which quoted a CRA International study of the country's retail outlet market.
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Bahrain to Boost Refining, Build Pipe to Saudi Arabia
November 28, 2007 : The Middle East supplies over 60 percent of the world’s oil and over 40 percent of its natural gas. Refining has become a highly profitable endeavor in recent years.
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AmCham Bahrain welcomes US-Bahrain Business Council executive delegation
June 6, 2007: USBBC executive delegation was inaugurated on September 14, 2006 at the Chamber of Commerce of the United States of America composed by the following leading American and Bahrain companies: AIG, ALBA, Arcapita, BFH, Brunswick, Contrack, Garmco, Gulf Air, Investcorp Bank, Midal Cables, Overland Capital, Pharos Capital Group, Raytheon, RJI Capital, TAIB bank, Nass Group and Unison.
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Protecting Rights for Foreign and National Workers
May 29, 2007 : In efforts to protect workers’ rights, the Bahrain Human Rights Watch Society launched an initiative to protect Bahraini and expatriate job seekers by raising awareness of their legal rights and advocating for better laws and treatment.
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Bahrain to Host Global Aluminium Industry Experts
May 3, 2007 : More than 300 of the world's aluminium leaders are set to meet in Bahrain later this month when Aluminium Bahrain (Alba) hosts the Commodity Research Unit's (CRU) 12th World Aluminium Conference.
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Green Agenda
March 29, 2007 : Bapco is currently in the process of commissioning a $680 million investment to make the cleanest diesel in the world.
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Bahrain's Strengths Outlined
March 12, 2007 : Five Questions With Khalid Rashid Al Zayani, president of the American Chamber of Commerce in Bahrain on a recent trip to the U.S.
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Alba Preparing Privatization
December 5, 2006 : Bahraini national aluminum conglomerate, Alba, is in the final stages of an initial public offering (IPO) study that explores privatizing the company by the end of 2007.
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Bahrain Invites Bids On Offshore Oil
October 16, 2006 : Today, Bahrain is exploring for oil in that area of the Gulf of Bahrain, which was opened upon the court’s decision.
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Bahraini Aluminum Manufacturer GARMCO Makes In-Roads In U.S.
September 8, 2006 : GARMCO is a perfect example of a Bahraini company able to make in-roads in the world’s largest consumer market through quality products and services.
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Interview: GARMCO Chairman Talks Aluminum and Free Trade
September 8, 2006 : In 1986, the Bahrain-based Gulf Aluminum Rolling Mill Company (GARMCO) rolled its first 20,000 tons of aluminum. Today, GARMCO is the largest downstream aluminum facility in the Arabian Gulf region.
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GPIC Profits Hit $75 million
August 6, 2006 : Gulf Petrochemical Industries Company (GPIC) posted an interim net profit of $75 million for the first half of 2006.
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Qatar-Bahrain Gas Deal Will Help Alba
June 13, 2006 : An anticipated deal to supply natural gas to Bahrain could pave the way for Aluminium Bahrain (Alba) to become the world's 'mega-smelter'.
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'Bapco Needs To Adopt New Technologies' - Bahrain
March 30, 2006: Bahrain Petroleum Company will need to continue to maintain the production of oil and gas and utilise all modern technologies to explore any opportunities for new networks of oil and gas reserves.
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