Dossier
Mumtalakat
Coverage of Mumtalakat in the Nexus archive.
- Bahrain bets on French luxury deals
Bahrain's Mumtalakat is partnering with France's TRAIL to invest in arts, music, luxury, and sports sectors. TRAIL, which owns stakes in Breitling, AresMMA, and Tech3, will open a Bahrain office to expand Gulf operations. Separately, Aluminium Bahrain announced a $2.2 billion acquisition of Aluminium Dunkerque.
- Bahrain suffers wartime trade slump
Bahrain's trade value dropped 14.5% in Q1 due to the Iran war, with imports down 17% and non-oil exports falling 10%, though the trade deficit decreased. The UAE provided $5.4 billion in financial support, and S&P Global Ratings anticipates continued Gulf ally backing.