Author: Faisal

Representative image. Credit: Canva Bahrain Steel, a prominent global supplier of high-grade iron ore pellets, has successfully secured a $450 million sustainability-linked loan (SLL). This landmark seven-year transaction reflects the company’s strong commitment to environmental, social and governance (ESG) principles. The funds will be used to support the construction and working capital needs of the world’s largest livestock warehouse with rooftop solar panels. This strategic move is in line with Bahrain Steel’s focus on sustainability and reducing greenhouse gas emissions. The SLL Framework encourages companies to go beyond mandatory emissions reductions and implement climate change and environmental risk programs, and…

We at TraiCon Events are hosting Bahrain’s premier fintech event titled “Fintech Revolution Summit”.It is scheduled for February 14th and 15th, 2024 in Manam Bahrain, a major financial hub in MENA.The summit brought together over 750 BFSI experts and fintech leaders.Trends in financial technology and investment opportunities in the financial sector.This dedicatedThis event is the perfect opportunity to learn about Bahrain Vision 2030’s goal of becoming a cashless society.fintechFounders, central bankers, FSI experts, regulators, policy makers, technologists, entrepreneurs,Investors, academics, and media from around the world gather to learn, discuss, debate,Communication network.Attendee Profile: Chief Financial Officer, Head of Digital Payments, Head…

A patent for a new generation of more efficient and secure cybersecurity devices has been filed by Arabian Gulf University (AGU) in Salmaniyah. This device is registered with the United States Patent and Trademark Office (USPTO) for intellectual property rights. The invention, developed by the University’s School of Graduate Studies (CGS)’s Next Generation Computing Division, aims to enhance the future of networks and cybersecurity devices, making them more secure and efficient. The device is Saudi’s first in the field of cybersecurity and reflects the university’s commitment to “foster a culture of innovation and pursue U.S. patents as part of its…

Building on a solid 5.5% gain in 2022, the Bahrain Stock Exchange All-Share Index extended its winning streak to three years, rising 4% in 2023. Bahrain was the third best performing market in the GCC in 2023. The index ended the year at 1,971.49 points. Throughout the year, the benchmark reached its highest point of 1,992.41 points towards the end of July 2023. However, the index declined for the next three months and only partially recovered in November 2023 and December 2023. Sector performance was skewed to the upside, with a mix of advancers and decliners. Five of the bourse’s…

ahmedabad :Japan-based Suzuki Motors Corporation announces investment worth approximately 50 million yen INRThe first day of the 10th Vibrant Gujarat, inaugurated by Prime Minister Narendra Modi on Wednesday, saw sales of $35,000 crore in Gujarat. Maruti Suzuki India Ltd. INRThe company said in a statement that it will spend $32,000 crore to set up a car factory in Gujarat, which will eventually produce around 1 million vehicles a year. The factory is scheduled to start operations in 2028-29. Maruti Suzuki will also make additional investment INRThe company will invest $320 billion to set up a fourth production line at its…

ahmedabad :Japan-based Suzuki Motor Corporation has approximately INRThe first day of the 10th Vibrant Gujarat, inaugurated by Prime Minister Narendra Modi on Wednesday, saw sales of $35,000 crore in Gujarat. Maruti Suzuki India Ltd. INRThe company said in a statement that it will spend $32,000 crore to set up a car factory in Gujarat, which will eventually produce around 1 million vehicles a year. The factory is scheduled to start operations in 2028-29. Maruti Suzuki will also make additional investment INRThe company will invest $320 billion to set up a fourth production line at its wholly-owned subsidiary Suzuki Motor Gujarat.…

Parliament Speaker Ahmed Al Musallam expressed pride in Bahrain’s strong and deep-rooted strategic partnership with the UK. He pointed out that the long-standing relationship of cooperation and mutual understanding between the two countries has been strengthened by His Majesty King Hamad and King Charles. Mr. Al Musallam made the remarks yesterday after meeting with a diplomatic delegation from the UK-based University of Oxford, King’s College and the London School of Economics and Political Science (LSE) who were visiting Saudi Arabia. I did it. The Chairperson confirmed that under the leadership of His Majesty and the follow-up of Crown Prince and…

Maruti Suzuki India will invest Rs 35,000 crore to set up a second manufacturing facility in Gujarat, Suzuki Motors President Toshihiro Suzuki announced on Wednesday. Speaking at the 10th Vibrant Gujarat Global Summit (VGGS) here, Toshihiro said the factory will have an annual production capacity of one million units. Click here to follow our WhatsApp channel “We will invest Rs 35,000 crore in the construction of a second automobile plant in Gujarat, which will produce another 1 million cars per year.As a result, the annual production capacity in Gujarat will be 2 million cars, and Suzuki For automobiles, it will…

Representative image”Any customer can have their car painted any color they want, as long as it’s black,” Henry Ford famously said about the company’s iconic 1908 Model T. The aim was to streamline the production process. But even Ford couldn’t sustain this policy. The Model T was manufactured exclusively in black from 1914 to his 1925, but began to be retailed in other colors until production was discontinued in 1927. Today, an auto industry executive lists a car’s color as one of his top three criteria for buyers. car model and brand. Vikram Pawar, Managing Director, BMW Group India, said:…

Representative image”Any customer can have their car painted any color they want, as long as it’s black,” Henry Ford famously said about the company’s iconic 1908 Model T. The aim was to streamline the production process. But even Ford couldn’t sustain this policy. Produced only in black from 1914 to 1925, the Model-T began to be sold in several other colors until production was discontinued in 1927.Automotive industry executives now list a car’s color as one of the top three criteria for buyers, after model and brand. Vikram Pawar, Managing Director, BMW Group India, said: “Research consistently reveals that certain…