The Minister of Industry and Commerce Dr. Hassan Abdulla Fakhro has asserted the leadership’s and the Government’s pride of positive outcome achieved by the Banking sector in the Kingdom of Bahrain, and being a direct contributor in the economic growth and investment vitality in this sector, in addition to their role in attracting more foreign investments into Bahrain.

A continuous active role in the Partnership Program with the Public Sector
“Manara” Starts Finishing Works in Tubli Gardens and Handover is in June

“Manara Developments” Managing Director, Dr. Hasan Al Bastaki confirmed that “Manara” continues to support its established position at the forefront of development companies when it comes to innovative and practical housing solutions for limited to middle income earners. That has been witnessed through its hard work and actual achievements with the targeted group within the community.

The new Board of Directors of Al Salam Bank-Bahrain held its first meeting at Bank’s premises yesterday to discuss the agenda and elect a new Chairperson of the Board.

Manara Developments has said that the real estate market in Bahrain witnessed an improvement with the beginning of the year, especially by the end user for housing solutions, whether to buy land or for construction-ready housing units. The company expected that the Government’s trend towards accelerating the pace of building cities aiming at reducing the housing waiting list would contribute in the revival of the housing sector. Meanwhile, the company was concerned that the market could witness a shortage in building materials and thus lead to a rise in prices, which will have an impact on the construction cost.

Appropriate price, transparency and quality to lead the housing for limited income individuals
Dr. Al Bastaki: 70% of Wahat Al Muharraq Completed, and other “Manara” projects underway

“Manara Developments” Managing Director Dr. Hassan Al Bastaki confirmed that “Manara” continues to support its established position at the forefront of development companies when it comes to innovative and practical solutions of housing solutions for limited to middle income earners. That has been witnessed through its hard work and actual achievements with the targeted group within the community.

12 employees complete training course on ways to handle SME's

Twelve Bahraini employees of the Al Salam Group have completed a special training course offered by Tamkeen for staff of partner financial institutions in the Enterprise Finance Scheme. The course is part of Tamkeen’s Career Progression Programme, which aims to enable Bahrainis develop their skills, maximize their productivity, and increase their contribution to the private sector.

Dr. Al Bastaki: A Key Initiative in Corporate Social Responsibility and Promotion of the Agricultural Sector
“Manara” Grants the Ministry of Education 300 copies of “Bahrain Gardens”

Dr. Hassan Al Bastaki, Managing Director of the Kingdom’s leading real estate Development Company for middle to limited income individuals; Manara Developments, stated that “Manara” is committed to work with the community in order to contribute with what’s within its reach, either through construction - which is the basis of its core operation - or through intellectual, cultural and social development.

Al Salam Bank-Bahrain would like to announce the start of receiving nominations for the candidacy of the Board’s membership which consists of 11 seats for the next term of three years starting this year. The ballot process will be carried out during the Annual General Meeting due at 10:00 am on Tuesday 20 March 2012 at Gazal Conference Hall 1 in the Ritz Carlton Hotel-Bahrain.

As part of its annual social activities, Al Salam Bank-Bahrain, Bahraini Saudi Bank and Manara Developments recently held their annual staff gathering for the Group’s employees at the Regency Hotel. The function was attended by Director and CEO of Al Salam Bank Bahrain, Mr. Yousif Taqi and executive management members.