SEND MONEY USING THE BFC APP AND WIN WEEKLY PRIZES ! MOIC/PC/6680/2018 Thursday, March 29, 2018 Issue No. 7700 200 Fils Tel: 1722 8888 www.newsofbahrain.com www.facebook.com/nobonline newsofbahrain 38444680 nob_bh www.bfc.com.bh JO3968_BFC_SM_APP_Online_Campaign_DT_Hamper_6.7cmX8.5cm.indd 1 3/1/18 3:45 PM Bahrain, UNDP sign cooperation pact Manama ahrain and United Nations Development ProgramB have signed a Joint Initiative in support of the preparation of the voluntary national report to implement sustainable development goals (SDGs). The initiative aims at providing the first voluntary national report His Majesty King Hamad bin Isa Al Khalifa with Bahrain Chamber of Commerce and Industry (BCCI) chairman Samir Abdullah Nass and Board of to implement SDGs, Directors at Safriya Palace yesterday. Congratulating the chairman and members on their election, HM the King wished them success in serving the with specific ideas and economy, underlining the chamber’s vital role in promoting trade, investment and industry, both regionally and internationally. The BCCI Board actions, to be presented Chairman expressed on behalf of all the board members thanks and respect to HM the King for the meeting and for supporting the business sectors at the ministerial meeting in Bahrain. of Political Forum of the Economic and Social Council of the United Nations in July. FREE PICK! Issue No.268 DT Supplement www.weekenderbahrain.com March 29- April 4, 2018 Page 2 HM: State will ‘Just a week to Sebastian owned 2017... F1 Weekend’ who’ll take the 2018 cup? he 2004 Grand Prix of Bahrain marked the first ever round of the FIA Formula One World Championship to be held in the Middle East and the official culmination of a multi-million dollar project started back in September 2002 when the Kingdom of Bahrain signed a long-term deal to host the Tevent. Page 3 Since then, it has only escalated tenfolds in attracting bigger crowds with bigger entertainment and adrenaline-charged activities for the whole family! While the 2017 Bahrain Grand Prix saw a record crowd of 33,000 on race day and 93,000 over the weekend, an even greater turnout in 2018 as the popularity of motorsport in the region, spearheaded by the Bahrain race, reaches an all-time high. And this year, while there is so much happening at the BIC itself, the whole island has infused into the F1 spirit. Browse through this special F1 edition to get an insight of all the entertainment at Sakhir, the dining galore and spread of feasts for F1 celebrations at top hotels and venues in Bahrain, activities and games at the malls and so much more… A Smashing F1 Weekend Here’s to speeding into the exhilarated weekend of April 6-7-8! with Wolfgang Puck ‘Solar home’ lights up Page 4 clean energy dreams Dont miss the biggest F1 Closing Party ne of Africa’s most notable acrobatic circus acts will be taking to the stage at the Page 6 Formula 1 2018 Gulf Air Bahrain Grand Prix. “Cirque Africa: Hakuna Matata” is an 8 amazing extravaganza of music, dance, comedy and acrobatic skill celebrating P 02 the strength, flexibility and agility of human bodies at their best. OIt will be part of the many stage shows entertaining fans at the Formula 1 Village vending area during the three-day Grand Prix spectacle, taking place April 6 to 8 at Bahrain International Circuit (BIC) in Sakhir.Colourful African costumes, catchy music and dance routines along with gravity-defying skills make Cirque Africa a first-rate show packed with fun and high energy, surely delighting the whole family. The cast of 33 performing artists from six African countries includes dancers, musicians, acrobats and contortionists. They perform jaw-dropping twists and turns, spin things with their feet, hang off bars, protect rights build human pyramids and even do flying stunts that will leave the audience in disbelief. And off the track, Cirque Africa is one of the many attractions to look forward to in the off-track family we’ve got... entertainment programme at the Bahrain Grand Prix weekend. DT News Network Manama March 22-28, 2018| Weekender is Majesty King Hamad bin Isa WEEKENDER HAl Khalifa yesterday stressed EXCLUSIVE FOR Bahrain’s resolve to protect human rights, backing all efforts made in DT NEWS this regard. “The Kingdom is fully SUBSCRIBERS committed to international law and conventions related to human rights which are an integral part of Bahrain’s culture, inherent Arab Suit against petrol price identity, Islamic faith and noble values of tolerance, co-existence, hike rejected 8P 03 P pluralism and acceptance of the other,” His Majesty said while receiving the Board of Commissioners Chairwoman of 20 the National Institution for Human Iran, Hezbollah Rights (NIHR) Maria Khoury behind missile and members at Safriya Palace yesterday. attacks: Saudi Receiving NIHR annual report, HM King Hamad bin Isa Al Khalifa with Maria Khoury HM lauded the achievements rights. HM stressed the Kingdom’s and that the Bahraini society is and activities at the local and pride in its distinguished human witnessing a perpetual growth in international level stated in the rights record whose principles are all fields. report, praising their positive role based on modern and developed HM pointed out keenness to in cooperating and communicating constitutional and legal texts. provide citizens with top-quality NHRA submits 2017 with the international organisations HM King affirmed that human services, ensure a decent life for annual report and institutions to foster human rights in Bahrain are protected them and cater to all their needs. 8P 05 2 Thursday, March 29, 2018 Shaikh Khalid lauds Dhruva’s efforts DT News Network in the region and worldwide. and gas, pharmaceuticals, Manama “The initiatives of His chemicals, consumer goods, is Highness Shaikh Khalid Highness especially the Brave power, as well as media and bin Hamad Al-Khalifa, Fight is very significant,” said entertainment. FirstH Deputy President of the Dhruva Tax Advisors CEO “Our job is to help our clients Supreme Council for Youth Dinesh Kanabar adding that come to grips with tax issues and Sports, President of Bahrain has become a gateway and help restructure businesses Bahrain Athletics Association, to the Gulf in many areas to be compliant and effective Honourary President of including sports and financial from a VAT perspective,” said Bahrain Mixed Martial Arts technology. Dhruva Tax Advisors CEO Association, met boutique tax Dinesh Kanabar said Dinesh Kanabar. firm and VAT expert Dhurava Bahrain’s tax reforms would McIndies Holding Company Tax Advisors and appreciated only hasten the country’s Chairman Unnikrishnan the company’s efforts following economic growth. Puravangara lauded His its expansion to Bahrain. Dhruva Tax Advisors has His Highness Shaikh Khalid during meeting with Dhurava Advisors Highness Shaikh Khalid’s His Highness welcomed the significant experience working the government in the smooth Holding Company. “Dhruva worked with multinational support to the youth of Bahrain award-winning firm to the with businesses in the UAE implementation of VAT in the plays a dual role by educating clients and regulators on in different fields, especially country and commented on and Saudi Arabia and also country. and preparing businesses policy issues and tax advocacy sports. KHK Holding CEO the excellent relations shared function from Singapore, Dhruva Tax Advisors, to undergo VAT transition matters. The key industries Muhammed Shahid, Dhruva between Bahrain and India in Dubai, New York, India and named ‘India Tax Firm of the smoothly,” said McIndies that Dhruva advises include Tax Advisors partners Punit various fields. He discussed the Silicon Valley. “We hope Year 2017 at International Tax Holding Company Chairman financial services, IT and Shah,Gaurav Khurana and on how to support the Brave to replicate our success in Review’s Asia Tax Awards, Unnikrishnan Puravangara. IT-enabled services, real McIndies CEO Abdul Jaleel Championship’s initiative in Bahrain,” Dinesh Kanabar said. is in partnership with KHK With around 250 specialists, estate and infrastructure, Abdulla were also present at mixed martial arts promotion He offered to work closely with Holding and McIndies Dhruva Tax Advisors has telecommunications, oil the meeting. DT News Network Manama s the summer approaches and the temperature begin toA soar, many in the Kingdom can expect their electricity bill to do the same. However, for Hussein Sanad of Al Mussala area, it will be a different scenario altogether. Solar He will not have to worry about spending steeply on electricity bills this summer, as his home in Jidhafs has been transformed to become the first ever ‘solar home’ in the kingdom, thanks to the efforts of Electricity and Water Affairs Dr Mirza inaugurating the ‘Solar home’ project home Minister Dr Abdulhussain “The cost of power produced headed by His Royal Highness Al Khalifa, His Royal Highness Mirza. in this way is much lower than Prince Khalifa bin Salman Al the Prime Minister and His The house, which generates conventional energy,” said Dr Khalifa, the Prime Minister in Royal Highness the Crown its own power and avoids Mirza inaugurating the project January, after it was passed by Prince, the Deputy Supreme driving the power bill through in the presence of Capital the Coordinating Committee Commander and First Deputy the roof, is also connected to the Governor Sheikh Hesham bin under the chairmanship of Prime Minister. government electricity network Abdulrahman Al Khalifa and His Royal Highness Prince Looking ahead, the minister via the newly introduced Net other senior officials. Salman bin Hamad Al Khalifa, said the EWA would continue Metering system. Also present were officials the Crown Prince, Deputy to find alternatives to increase The BD3,500 project, of the Ministry of Oil, the Supreme Commander and the efficiency of energy use completed by installing 24 solar Ministry of Housing, Tatweer First Deputy Prime Minister.