Bahrain Power List
Top Telecom and ICT Companies in Bahrain
Thursday, 12 May 2011 11:01
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Top Telecom Companies in Bahrain

Top Telecom and ICT Companies in Bahrain

According to the Global Information Readiness Report, Bahrain ranks exceptionally high in almost every category of ITC readiness on the Networked Readiness Index (NRI). Overall, Bahrain is ranked 29th (out of 133) countries—and 2nd in the GCC. On many individual portions of the Index, however, it is rated much higher; for example, Bahrain ranks among the 133 rated countries, as:

8th in e-class government services

10th in ICT usage

11th in e-participation

15th in business-friendly ICT market environment

17th in government readiness

21st in individual readiness

Despite the unrest, communication and transportation sectors continued to outpace the economy, growing at an 8.6% annual rate for the first half of 2011.

Bahrain telecom sector is one of the most liberalized and advanced ICT markets in the GCC and Mena Region. There are 3 major telecom operators - Incumbent BATELCO, Zain and VIVA Bahrain (Saudi STC).

Telecommunications Regulatory Authority (TRA)
The Telecommunications Regulatory Authority is an independent body, and awards licences to operate, and use radio spectrum.
Bahrain Telecommunications Company (Batelco)
Leading mobile operator in Bahrain telecom market. Batelco maintained a 45.6 percent share of the local mobile market.
Zain Bahrain
VIVA Bahrain (STC Telecom)
The Saudi Telecom Company (STC) already has 75000 subscribers for its Viva Bahrain service.
MENA Telecom (Kuwait Finance House)
Leading provider of internet throught WiMAX, fourth generation (4G) wireless technology. Mena telecom is one of the most advanced Internet Service Providers in the region with subscriber base exceeding 60,000 customers.
2 Connect Bahrain
An ISO-9001 certified international telecoms service provider who can deliver market-leading, high quality, innovative international connectivity service from all points of the globe to the Middle East.

Top Holdings and Conglomerates in Bahrain
Monday, 23 May 2011 08:16
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Top Holdings, Family Owned Conglomerates in Bahrain

Top Holdings

Mumtalakat

Mumtalakat is the investment company for the Kingdom of Bahrain, and was established in June 2006 by Royal Decree as an independent holding company for the government of Bahrain’s strategic non-oil and gas related assets. Mumtalakat was created to align and implement the execution of the government’s initiatives to pursue value-enhancing opportunities, improve transparency and help achieve operational excellence for its state-owned non-oil and gas related assets. Mumtalakat holds stakes in over 35 commercial enterprises, representing a portfolio value of approximately BD 3.4 billion (U.S.$9.1 billion) as of December 31, 2009 and spanning a variety of sectors, including aluminium production, financial services, telecommunications, real estate, tourism, transportation, and food production.)

Family Owned Conglomerates in Bahrain

Traditionally, Bahrain developed its own business families. Despite the influx of foreing players, Bahrain still boosts very powerful diversified conglomerates such as:

  Abdulla Yousif Fakhro Group
The Fakhro Group, also known as the Abdulla Yousif Fakhro Group is one of the oldest and leading Bahraini enterprises. The group is headquartered in Manama
  Yusuf Bin Ahmed Kanoo Group
The YBA Kanoo(Kanoo Group) is one of the largest independent, family owned, group of companies in the Gulf region. Established in Bahrain in 1890 by Haji Yusuf Bin Ahmed Kanoo, and grew from its early trading and shipping business to become one of the most diversified and highly regarded business houses in the gulf region and beyond.
  Y. K. Almoayyed & Sons
Y. K. Almoayyed & Sons Group, since its establishment in 1940, has emerged from a small one-man business to one of the most successful and diversified professionally managed, integrated commercial, industrial and services organization in the Kingdom of Bahrain and beyond. Today, with over 5000 staff, our diversified organization provides sales, distribution and service facilities for key industry sectors and market segments in Bahrain where we now represent over 300 leading brands from all over the world.
Al Zayani Investments (Group)
Involved in diversified industries such as automotive, health care, manufacturing, real estates and service, the company is expanding on constant basis.
  Nass Group
NASS THE GROUP is a well established industrial conglomerate and construction powerhouse encompassing a total of 34 companies and 6 associates having operation throughout the Gulf.
  Yateem Group
( Multi-line Consumer Goods, Eyewear and Optical Goods, Food and Beverages, Food, Health Care, Health Care Products, Health Care Services, Real Estate Agents and Brokers, Landlords and Developers, Real Estate Management, Retail, Specialized Retailers, Services, Business Services)
  Dadabhai Group
Dadabhai Group's assets include some of Bahrain's best known hotels, including the Best Western Baisan Tower and Baisan Hotel, besides the four luxury Elite Apartment blocks. Dadabhai also runs the Hawar Resort, which is a major draw with both visitors and residents.

Top Banks in Bahrain
Tuesday, 10 May 2011 15:25
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Top Banks in Bahrain Top Banks in Bahrain

Bahrain's financial sector is sophisticated, consisting of a wide range of conventional (retail) and Islamic financial institutions and markets, including retail and wholesale banks, specialized banks, insurance companies, finance companies, investment advisors, money changers, insurance brokers, securities brokers and mutual funds.

Bahrain has 411 banks and other financial institutions, which includes 77 wholesale banks, 30 retail banks, and 27 representative offices. In addition, it has 27 Islamic banks. In January 2011, total employment in the financial sector was more than 14,000, with about 8,800 in banking, and the remainder in insurance, money brokering, and other financial services.

Overall, the sector contributes 27% of Bahrain's Gross Domestic Product (GDP), making it one of the key drivers of growth in the country. 

 Central Bank of Bahrain

Top Retail Banks in Bahrain

  Ahli United Bank - Second Largest Bank in Bahrain by Assets - US$ 28.0 billion
  National Bank of Bahrain (NBB)
  Bank of Bahrain and Kuwait (BBK)
  BMI Bank
  Futurebank

Top Foreign Banks in Bahrain

  BNP paribas Bahrain
  HSBC Bahrain
  Citi Bank

Top Islamic Banks in Bahrain

 Khaleeji Commercial Bank
 Bahrain Islamic Bank
Al Salam Bank
 Kuwait finance house
 Al Baraka Islamic Bank
Ithmaar Banking Group (in 2008 Ithmaar has increased its stake in BBK to 25.4 per cent) - owner of Shamil Bank

Top Wholesale Banks in Bahrain
ABC (Arab Banking Corporation) - Bahrain Largest Bank by Assets - US$28.33 Billion
Subsidiaries
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ABC Islamic Bank (E.C.)
Arab Financial Services B.S.C. (c)
ABC Algeria
ABC Egypt
ABC Securities Egypt S.A.E.
ABC Jordan
ABC Tunisie
ABC International Bank plc
ABC (IT) Services Ltd.
Banco ABC Brasil S.A

Eskan Bank
Albaraka Banking Group - 3rd Largest Bank by Assets - US$ 16 Billion in 2010
Albaraka Banking Group ABG is one of the largest Islamic banking and financial services organizations in the world.
 TAIB Bank
An international investment and merchant bank listed on the Bahrain Stock Exchange. Pursues business activities primarily in the Gulf

Top Financial Services Companies

  Robeco - Leading Asset Management Company in the Middle East - Company Profile
 Tas'heelat (Bahrain Commercial Facilities Company BSC)
 Investcorp S.A

Founded in 1982, Investcorp has enjoyed a track record of consistent innovation and performance, having arranged investments with a combined value of approximately $44 billion.  The Company has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography, and currently has approximately $12 billion in assets under management. 
 Venture Capital
Venture Capital Fund Bahrain (VCFund Bahrain), the leading SME investment fund in the Kingdom of Bahrain

Top Oil and Gas Companies in Bahrain
Thursday, 12 May 2011 11:45
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Top Oil and Gas Companies in Bahrain Top Oil and Gas Companies in Bahrain

Despite the diversification efforts Bahrain remains heavily dependent on oil and the oil prices. The income from the oil related business accounts for over 70% of government’s income.

Bahrain is planning to spend more than $20 billion in the next 20 years on developing its oil and gas sector, this would include an expenditure of $15bn on the development and modernisation of the Bahrain Oil Field and $5bn on modernising Bapco refinery.

This will increase Bahrain production per day to around 105,000 barrels per day (bpd).

List of Top Oil and Gas Companies in Bahrain

 Bahrain Petroleum Company (BAPCO)
Wholly owned by the government of Bahrain, is a fully integrated oil company. Its activities include oil and gas exploration and production, refining, storage and distribution of petroleum products and natural gas, and sales and exports of crude oil and refined products.
 Bahrain National Gas Co (BANAGAS)
Gulf Petrochemical Industries Company (GPIC)
GPIC is one of the first Petrochemical Companies in the Middle East:
 National Oil & Gas Authority
NOGA is the organization responsible for all petroleum and gas related issues in Bahrain, with a mission of the authority is to maintain and develop the sector.

Top Industry and Manufacturing Companies in Bahrain
Thursday, 12 May 2011 11:55
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Top Industry and Manufacturing Companies in Bahrain Top Industry and Manufacturing Companies in Bahrain

Bahrain's largest industry companies are in Aluminuim manufacturing and processing. Due to cheap energy Bahrain is home to one of the largest smelters in the world. Bahrain has also steel and iron industries.

List of Industry and Manufacturing Companies in Bahrain

 Aluminium Bahrein (ALBA)
Wholly owned by the government of Bahrain, is a fully integrated oil company. Its activities include oil and gas exploration and production, refining, storage and distribution of petroleum products and natural gas, and sales and exports of crude oil and refined products.
 Gulf Aluminum Rolling Mill Company (GARMCO)
Aluminum Extrusion Company (BALEXCO)
Arab Shipbuilding & Repair Yard

Top Real-Estate and Construction Companies in Bahrain
Thursday, 12 May 2011 09:44
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Top Real-Estate Companies in Bahrain

Bahrain real estate sector is dominated by a number of mega-projects with involvement of Bahrain based investment companies or banks. Many projects have been put on hold due to the crisis. Following is the list of current largest projects in Bahrain and largest real-estate developers in Bahrain:

bfh

Diyar al Muharraq - (Kuwait Finance House and a group of private investors)
DIYAR AL MUHARRAQ is the biggest private urban development project in the Kingdom of Bahrain.

 Bahrain Financial Harbour Holding Company (BFHHC) - (49% stake Emaar, a Bahrain based investment company)
Bahrain Financial Harbour (BFH) is a world-class, fully integrated waterfront development (among the best business locations in the Middle East.) which will create a complete financial city, a self contained community, in the centre of Manama, Kingdom of Bahrain.

Bahrain bay - (Arcapita Bank, Bahrain)

Bahrain Bay will be a vibrant and authentic metropolis inspiring opportunity, shared responsibility and a legacy for the Kingdom of Bahrain.
Durrat Al Bahrain Holding Company ( Durrat Al Bahrain Project, 50/50 partnership between Kuwait Finance House and the government's investment
arm Mumtalakat & Durrat Marina project)

AAJ Holding Group (Marina West project)
  Marsa Al Seef (GBCORP, Islamic Investment Bank - through Global Real Estate Development Company (Gredco))

Ossis Property Developers (Amwaj Islands)
DTZ (managing and leasing company of BWTC)
DTZ's Bahrain office was established in 1975 and our team of experienced staff offers the full range of real estate advisory services
Al Areen Holding Company
RealCAPITA
Investate
Investate Realty B.S.C. (c) was established in 2007 with a paid-up capital of US$ 108 million and an authorised capital of US$ 500 million. Investate offers investment opportunities in real estate development, income producing assets, private equity and corporate finance.
Inovest B.S.C. former Al Khaleej development company - (Bahrain Investment Wharf Project, Tala Island, Durrat Marina, Dannat, Adhari)
Inovest is a shariah compliant investment company, bred on the spirit of dynamism, innovation, and a results-orientation.  Inovest spans three principle areas of business: asset management, private equity & venture capital, and real estate investment.
Gulf Holding (kuwait based)
Ithmaar Development Company (IDC)
Ithmaar Development Company (IDC) was set up by Ithmaar Bank in 2006 and has been mandated to manage and execute major development projects
Amwaj Property Development Company (Ossis Property Developers)
CapitaLand GCC Holdings
Naseej Properties
Headquartered in the Kingdom of Bahrain, Naseej is the first fully-integrated real estate and infrastructure development company in the MENA regionDiyar Al Muharraq
Pearl Real Estate Development Company
Bahrain-based Pearl Development & Real Estate Company, which is co-owned by a group of Bahrain, Saudi and UAE investors
Seef Properties
Seef Properties was established in 1999 by the Government of Bahrain as a public registered company under the Ministry of Industry and Commerce to manage the Seef Mall complex and other government properties. It was initially set up as a wholly owned subsidiary of the Housing Bank. 
Lulu Tourism Company
Lulu Tourism is a closed Bahraini Shareholding Company incorporated in the Kingdom of Bahrain. The shares of the company are held equally by Mumtalakat
Riffa Views Development
 First Bahrain  

Top Construction & Contracting Companies in Bahrain

AMA Group
From humble beginnings in 1948, the AMA Group has grown and expanded to become the leading construction group in the Kingdom of Bahrain. Today, we are a diversified and fully integrated enterprise, covering all major areas of contracting and related manufacturing, equipment supply and real estate development activities.
Al Hamad Construction & Development
has been at the forefront of the construction industry for more than 20 years and has the capability to carry out design, execution, and maintenance of both conventional and turnkey construction projects with a workforce of over 18,000 employees in the Middle East.
Kooheji Contractors (3000 Employees)

Top Aviation Companies in Bahrain
Thursday, 12 May 2011 09:39
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Top Aviation Companies in Bahrain Top Aviation Companies in Bahrain

Gulf Air
Bahrain Air
Bahrain Airport Company

Bahrain Airport Company aims to create an aviation hub by unifying the goals of the entities, which make up the Bahrain International Airport, to the benefit of travelers, stakeholders and staff, in a future-ready facility. Airport development plans include infrastructure and operational efficiency optimization; which in turn contributes toward the shared vision of the Kingdom of Bahrain.

Civil Aviation Affairs (CAA)
Bahrain Duty Free - AER Rianta
Top Islamic Investment Banks in Bahrain
Thursday, 12 May 2011 09:22
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Top Islamic Investment Banks in Bahrain

Albaraka Banking Group
Arcapita
Ithmaar Bank
Kuwait Finance House
Gulf Finance House
GBCORP

Oasis Capital Bank
First Energy Bank
Elaf Bank
Unicorn Investment Bank
Investment DarBank
(Investment Dar Bank in Bahrain focuses on the investment side of banking to complement BISB's commercial banking activities.)

CAPIVEST