McLaren’s Formula One future had never been in jeopardy from Covid-19, team principal Andreas Seidl has claimed, as a £150 million loan from the National Bank of Bahrain helped to ease months of …
McLaren gets $185M rescue loan from majority owner Bahrain
The funding will help McLaren pay suppliers and ensure its race team is on the grid for this weekend’s start of the 2020 Formula One World Championship in Austria. McLaren’s finan …
Bahrain’s economy likely to contract by 3.6pc this year
Bahrain’s economy is likely to contract by 3.6 per cent this year, however government stimulus measures should provide support, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj has said .
Three virus death, 519 new Covid-19 cases registered in Bahrain on Tuesday
Bahrain yesterday recorded 519 new cases of Covid-19, alongside 403 recoveries and three fatalities. One Bahraini woman aged 34 and two male expatriates aged, 60 and 57 died yesterday, taking the toll …
Zain Bahrain launches 5G commercial services
This commercial launch in Bahrain follows the launch of 5G services in Zain Kuwait and Zain Saudi Arabia last year, said the statement from Zain. The new 5G service will enable customers to benefit …
New help for businesses in Bahrain
Manama: Bahrain’s businesses hardest hit by the coronavirus downturn have been given a three-month extended reprieve. The government stepped in to shoulder 50 per cent of the salaries of insured …
Bahrain to pay 50% of salaries of private sector staff
The extension of stimulus measures, announced by the kingdom’s Minister of Finance and National Economy … Al Khalifa added: “Until such time as we can return Bahrain to delivering strong and …
Bahrain extends stimulus for private sector, citizens
MANAMA: Finance and National Economy Minister Shaikh Salman bin Khalifa … stimulus measures following consultation with the legislative authority and the Bahrain Chamber of Commerce and Industry.
Formula One team McLaren takes £150 million loan from Bahrain
Supercar manufacturer McLaren, which includes the Formula One team, has secured a £150 million loan facility with the National Bank of Bahrain, according to Reuters. The COVID-19 pandemic has hit the …
Bahrain prostitutes attempt to get intel. from US sailors – US Navy
The report noted that the claims of intelligence gathering by Bahrain prostitutes came from a a human trafficking training recording for US Navy service members arriving in the country.