Bahrain Completes Preparations to Launch 5G Network

A display of smartphones at last year's Mobile World Congress. AFP file photo
A display of smartphones at last year's Mobile World Congress. AFP file photo
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Bahrain Completes Preparations to Launch 5G Network

A display of smartphones at last year's Mobile World Congress. AFP file photo
A display of smartphones at last year's Mobile World Congress. AFP file photo

Bahrain announced that it has completed preparations to launch 5G mobile networks, putting it on track to be one of the first countries in providing commercial 5G services to consumers by the end of 2019 once devices are made available.

Transportation and Telecommunications Minister Kamal bin Ahmed Mohammed has announced that the Telecommunications Regulatory Authority (TRA) is scheduled to allocate licensing and spectrum by the first week of April.

Mobile operators in Bahrain have started rolling out the necessary network infrastructure, said the minister, adding that commercial services will become available by June.

The Minister admitted the project faced a lot of challenges, namely the method of ensuring spectrum's availability, but overcoming these obstacles was possible due to the efforts of “Team Bahrain” that includes elite representatives from both the public and private sectors.

This “demonstrates how Bahrain can make a swift progress … in partnership with technology pioneers in the world.”

With the new 5G technology, users will be able to transfer bigger volume of data at higher speeds, which in turn, enables the development and implementation of technologies required for autonomous driving vehicles that need up to 100Gb of data per second to operate, explained the Minister.

This places Bahrain among the world’s leading countries in adopting the 5G technology and makes the Kingdom more appealing for companies that use the next-generation technologies such as autonomous vehicles and VR.

In June 2018, Bahrain held several successful commercial trials for 5G technology and all licensed operators are preparing to provide commercial 5G services.

The products and services will allow Bahraini companies to tap into the global 5G services market, which is anticipated to grow from an estimated $60 billion in 2020 to an estimated $125 billion in 2025.

The Kingdom’s ranking is high in global ICT indices, being the first in the Arab region on the ICT Development Index (IDI) of UN’s International Telecommunication Union (ITU), and ranking 4th globally in the UN’s Telecommunications Infrastructure Index (TII) of the E-Government Development Index (EGDI) in 2018.



Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
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Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA

The Cluster2 Company, operator of Taif International Airport, announced the launch of three direct flights per week between Muscat and Taif via Oman Air, starting January 31, SPA reported.

The launch of international flights through the cluster’s airports comes as part of its ongoing commitment to improving the passenger experience and expanding international travel options, while continuing to build strategic partnerships with global airlines to enhance air connectivity in the Kingdom.


Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
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Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer

Oil prices rose on Monday after the US intercepted ​an oil tanker in international waters off the coast of Venezuela and tensions in Russia's war against Ukraine remained high, with both developments raising fears of supply disruption.

Brent crude futures gained $1.31, or 2.17%, to $61.78 a barrel by 1316 GMT. US West Texas Intermediate crude rose by $1.25, or 2.2%, to $57.77.

Market participants now see a risk of disruption to Venezuelan oil exports because of the US ‌embargo, having previously ‌been complacent in that regard, said ‌UBS ⁠analyst Giovanni ​Staunovo.

Venezuelan crude ‌accounts for about 1% of global supply.

Growing supply from the US and the OPEC+ producer group have largely offset worries over supply disruption elsewhere to keep Brent futures around $65 a barrel in the second half of 2025, though prices have eased in the past month because of oversupply concerns.

Oil prices have been supported by developments off Venezuela while ⁠Russia-Ukraine tensions simmer in the background in an otherwise very bearish market, said June ‌Goh, analyst at Sparta Commodities.

The US Coast ‍Guard is pursuing an oil ‍tanker in international waters near Venezuela in what would be the ‍second such operation over the weekend and the third in less than two weeks if successful, officials told Reuters on Sunday.

A rebound in oil prices has been sparked by US President Donald Trump's announcement of a "total ​and complete" blockade of sanctioned Venezuelan oil tankers and subsequent developments there, followed by reports of a Ukrainian drone strike ⁠on a Russian shadow fleet vessel in the Mediterranean, said IG analyst Tony Sycamore.

The Brent and WTI benchmarks fell by about 1% last week.

US special envoy Steve Witkoff said on Sunday that talks between US, European and Ukrainian officials in Florida over the past three days in an effort to end Russia's war in Ukraine had focused on aligning positions. Those meetings and separate talks with Russian negotiators had been productive, he said.

However, the top foreign policy aide of Russian President Vladimir Putin said that changes made by the Europeans ‌and Ukraine to US proposals had not improved prospects for peace.


GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
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GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA

The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by equal 1% increases in both residential and non-residential construction costs, according to data released by the Kingdom’s General Authority for Statistics (GASTAT).

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025.

The Construction Cost Index bulletin is part of GASTAT’s ongoing efforts to develop statistical products for vital sectors and provide a reliable and effective reference with accurate estimates to support decision-making by contractors, real estate developers, and relevant entities.

These efforts contribute to drawing a clear roadmap for residential and non-residential construction projects in the building and construction sector.