Author: Faisal

Bahrain-based ABC Bank plans to use JPMorgan’s Onyx Coin system for blockchain-based cross-border payments in a soft or limited launch. The new service is more cost-effective and reduces settlement times compared to traditional solutions.ABC Bank will initially use US dollars for transactions involving Bahrain, the US, the UK, Singapore and Hong Kong. The partners are also planning more locations and transactions with the euro. Programmable payments are also in development. The service was launched after two years of experimentation. Naveen Marella, global head of Onyx Coin Systems, said in a statement:“This will enable cross-border commerce to be carried out instantly,…

[1/4]Bahrain’s Prime Minister and Crown Prince Salman bin Hamad Al-Khalifa attended a funeral procession with the family of one of the two Bahraini Defense Force officers killed in a Houthi drone attack on Saudi-led coalition forces near Saudi Arabia.Borders… Obtain license rights read moreRIYADH, Sept. 25 (Reuters) – (This Sept. 25 story has been refiled to correct name of spokesperson in paragraph 2)Bahrain’s state news agency BNA reported on Monday that two Bahraini military personnel were killed and several others injured in a Houthi drone attack on Saudi-led coalition forces near Saudi Arabia’s border with Yemen.The Saudi-led military alliance condemned…

(Bloomberg) — Oil supplies from the Persian Gulf are expected to tighten further as Oman and Bahrain expand refining capacity and consume more regional crude to produce diesel and other fuels for export.Most Read Articles on BloombergThe new Duqm refinery, a joint venture between Oman and Kuwait, has begun exporting its first cargo of refined products, according to people familiar with the matter. Traders expect the 230,000 barrel-per-day facility to be fully operational by early next year.Bahrain is also expanding its Sitra refinery, increasing the production capacity of the 87-year-old crude oil processing plant from the current 267,000 barrels per…

infrastructurecar scrap yard.Union Road Transport and Highways Minister Nitin Gadkari described it as a win-win situation for everyone and called on all stakeholders to come forward and support the vehicle scrapping policy.The Ministry of Road Transport and Highways (MoRTH) has launched a voluntary fleet modernization program (vehicle scrapping policy) in 2021. The policy aims to create an ecosystem to phase out old, unsafe and polluting vehicles and replace them with new, safer and more fuel-efficient vehicles. Addressing a stakeholder consultation in New Delhi on Monday, he said auto original equipment manufacturers (OEMs) should work to expand production capacity and help…

The Houthis have not yet admitted to carrying out the drone attack, but the Saudi-led coalition said it reserved the right to respond.Bahrain’s military command has accused Yemen’s Houthi fighters of killing two Bahraini soldiers in a drone strike on Yemen’s southern border with Saudi Arabia. In a statement carried by Bahrain’s state news agency on Monday, the Bahraini army said a number of Bahraini soldiers were also injured in the attack. The exact number of wounded soldiers has not been made public. A Bahraini military statement said: “This terrorist attack was carried out by the Houthis, who have seized…

Since announcing its novel “Golden License” program in April, Bahrain has issued five licenses to support more than $1.4 billion of projects in the country. While golden visas are becoming a familiar feature of global investing, golden licenses are a new concept. The government confirmed that the first recipients are Citi, UAE real estate company Eagle Hills, local developer Infracorp, Saudi Telecommunications Company (STC) and Singaporean investment group Whampoa. But the small island nation of 1.5 million people has not publicly shared details of the first-of-its-kind plan. Khalid Humaidan, Chief Executive of Bahrain Economic Development Board (EDB), said: fDi Learn…

Bahrain’s military command says a drone attack by Yemen’s Houthi rebels has killed a Bahraini officer and soldier patrolling the southern border of Saudi Arabia.September 25, 2023, 2:54 PM ET• 4 minute readDUBAI, United Arab Emirates – Bahraini military command said a drone attack by Yemen’s Houthi rebels killed a Bahraini officer and soldier patrolling Saudi Arabia’s southern border early Monday. The Houthis did not immediately acknowledge carrying out the attack, as efforts continue to reach a peace agreement between Riyadh and the rebels.A military statement carried by the state-run Bahrain News Agency said “a number” of Bahraini soldiers were…

Noida: CM Yogi Adityanath On Sunday, CEOs of global car companies such as Ducati were invited. Honda and BMW The state has announced investment in UP as it is the fastest growing economy in the country.”Today, I invite all stakeholders, organizers and other dignitaries to harness the potential of UP,” the CM said at a press conference. invest up conclaveorganized alongside MotoGP. Buddha International Circuit. Representatives from 275 global companies attended.We offer complete security and full support to anyone wishing to invest in UP:CMThese include Red Bull, Shell, KTM, Ducati, Honda, Yamaha Motors, American Racing, BMW, Amazon, DHL, Petronas and…

Brussels, 25 September 2023 – The European Automobile Manufacturers Association (ACEA) takes note of the Euro 7 agreement reached by national ministers today. “The member states’ position is an improvement on the European Commission’s Euro 7 proposal, which was completely disproportionate, resulted in high costs for industry and customers, and had limited environmental benefits.” said ACEA Executive Director Sigrid de Vries. “The Council’s aim to continue effective Euro 6/VI testing is prudent. However, compared to what is currently in force, Euro 7 will have less scope for new cars, vans and especially heavy vehicles. It’s much broader and requires significant…

With this agreement, the companies aim to build an IoT solution that supports uninterrupted and “anywhere” real-time IoT data services. Bjorn has signed a Memorandum of Understanding (MoU) with satellite communications company E-Space to support the deployment of communication solutions and IoT services, enabling the delivery of new smart applications for the Kingdom of Bahrain’s enterprise sector. IoT is a key area of ​​focus and exploration for Bjorn as it seeks to develop new opportunities in line with Vision 2030, the future of Bahrain’s digital economy. Signing a Memorandum of Understanding with E-Space will enable both organizations to collaborate on…