Tue, 21-Oct-2025

Mumtalakat eyes possible IPO for McLaren in few years

Mumtalakat

Bahrain’s sovereign abundance reserve, Mumtalakat, has a 60% stake in Mclaren. CEO Khalid Al Rumaihi: “The hustling group has profited from the development and viewership so that side of the business has been doing phenomenally well”. Mumtalakat possesses around 69% of Alba, the world’s biggest aluminum smelter beyond China, as per data on the organization’s … Read more

Bahrain revives its pearl industry

Bahrain

Bahrain has revived its age-old pearl industry, as it looks to other sources of revenue to diversify its oil economy, Arab News reported. The Bahrain Institute for Pearls and Gemstones recently announced that it has examined over 10 million pearls from across the world since it was established in 2017. It said its commercial laboratory has become … Read more