Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Bahrain gov't approves further grants to aid Gulf Air  Join our daily free Newsletter

MENAFN - 09/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Bahrain's government has approved in principle to grant further funds to troubled Gulf Air to help it repay its dues, Bahrain News Agency reported.

This decision came after a meeting between the government and the National Assembly reviewed the financial and administrative situation of the airline.

The government requested the Shura and Representatives Councils to pump an additional fund into the airline without disclosing the amount.

Final approval of the fund will only be determined after the airline explains how it will spend it, the official news agency said.

At the beginning of 2012, a government delegation briefed parliament and called for a restructuring of the company, which has suffered losses in the wake of political unrest in the tiny Gulf Kingdom island.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help