Bahrain's Ministry of Transport has invited contractors to bid for the expansion of Manama International Airport.
Construction Week reported that the Bahraini Ministry of Transportation said: The project will be financed by the Abu Dhabi Fund for Development (ADFD). According to ADFD's website, UAE companies, or joint venture companies with 51 % for the UAE partner, will be given an additional 10 % for the benchmarking score.
According to ADFD's website, UAE companies in the project will be given an additional 10 % for the benchmarking score. UAE companies in a joint venture with other UAE companies and international companies where the UAE companies have a total share of 51 % or more of that joint venture, will be given an additional 10 % for the benchmarking score.
UAE companies in a joint venture will be given an additional 10 % for the benchmarking score. Acting CEO of Gulf Air Maher Al Musallam said the upgrades to Bahrain International Airport will support the central role the aviation sector plays for Bahrain's economy, adding that the expansion of the airport will allow it to accommodate 13.5 million passengers per year, double the current capacity.
Maher Al Musallam, Acting CEO of Gulf Air, said that the expansion of the airport will allow it to accommodate 13.5 million passengers per year, which is double the current capacity.
<This came in a recent interview with the Oxford Business Group, which is currently preparing its report “The Report: Bahrain 2014”, which will be published on the 10th anniversary of its reports on Bahrain, noting that Gulf Air is in negotiations with its original equipment manufacturers (OEMs) to ensure that its future fleet capacity and air traffic network requirements are compatible with planned expansion plans. <The number of passengers served by GCC airports is expected to reach 250 million by 2020, which is likely to lead to increased competition for market share in the region. ”Bahrain is doing what it takes to position itself in a strong position to capitalize on the rise in passenger traffic and create some niche market opportunities, rather than competing directly with other local airlines,« said Oxford Business Group Regional Director Jana Trick.
Oxford Business Group's regional director, Jana Trick, said. The impact of the rapidly expanding aviation sector in the Middle East, with a particular focus on the manifestations and implications of this growth in Bahrain, is discussed in interviews with a number of ministers and officials, including Finance Minister Sheikh Ahmed bin Mohammed Al Khalifa and Minister of Transportation and Acting CEO of the Economic Development Board, Kamal Ahmed.
The report's pages cover the impact of the rapidly expanding aviation sector in the Middle East, with a particular focus on the manifestations and implications of this growth in Bahrain.
On another front, Bahrain Bourse started applying the market rules adopted by the Bourse's Board of Directors last June, noting that brokers have been given a six-month grace period from the effective date of the implementation decision to harmonize their status according to the requirements of the new rules.
The new rules include a number of new regulations. The new rules cover many topics related to the Bourse's core operations, the most important of which is the regulation of banks» provision of Margin Trading financing services. The market rules allow non-Bahraini members who are licensed by the capital sector regulators in their countries to deal in Bahrain Bourse without opening representative offices in the Kingdom of Bahrain, provided that they appoint a licensed member to settle and clear the trades they conclude.
In addition to the new rules, Bahrain Bourse's Board of Directors approved the new rules in June, giving brokers a six-month grace period to reconcile their positions to meet the requirements of the new rules. In addition, the new rules reduced the cases excluded from trading from 16 cases to 4 cases according to the existing system, which will contribute to injecting new liquidity to the bourse from cases that are currently settled outside the trading floor.
The new rules also regulate the number of cases that can be settled outside the trading floor. <The new rules also regulate the registration of members according to new requirements that contribute to the development of the services provided by members to investors on the exchange. The rules allow the trading of new investment instruments such as Options, ETFs and REITs in addition to many other items related to the development of trading mechanisms. The rules also include the general guidelines for the work of market makers and the methods of organizing their buying and selling operations in a way that contributes to improving market liquidity, as well as the development of the exchange's independent bodies, including the Arbitration Committee, which is responsible for resolving all disputes related to transactions on the exchange, and the Disciplinary Board, which is responsible for resolving violations of the provisions of the law, regulations and decisions regulating work on the stock exchange.
