Bahrain has officially opened the subscription for its $526.4 million (BHD 200 million) Government Development Bond Issue 38. This initiative, led by the Central Bank of Bahrain (CBB), allows both Bahraini and foreign investors to participate, with the subscription period running until Thursday, March 13, 2025. The bonds have a par value of BHD1 each...
Saudi Arabia’s integrated utility company, ACWA Power, has signed a share purchase agreement (SPA) with the regional subsidiary of French utility developer ENGIE to acquire assets valued at $693 million. This acquisition marks ACWA Power’s entry into the Kuwaiti market. The deal includes significant operating capacities, comprising 4.61 gigawatts (GW) of gas-fired power generation and...
On February 6, 2025, Suhail Mohamed Al Mazrouei, the Minister of Energy and Infrastructure, met with Ebrahim bin Hasan Al Hawaj, Bahrain’s Minister of Works, to discuss enhancing collaboration between the two nations in infrastructure, transport, and climate action. The meeting took place at the Ministry of Energy and Infrastructure (MoEI) headquarters in Abu Dhabi....
Fahad Mohammed bin Kardous Alameri, the UAE Ambassador to Bahrain, recently met with Dr. Sheikh Abdullah bin Ahmed Al Khalifa, Bahrain’s Minister of Transportation and Telecommunications. During their meeting, they discussed ways to enhance cooperation and partnership between the two nations, focusing on mutual benefits. Ambassador Alameri emphasized the UAE leadership’s commitment to cultivating and...