| Gulf Air's losses this year are expected to be less than a quarter of what they were just three years ago. Transportation and Telecommunications Minister Kamal Ahmed told MPs yesterday that was due to a major restructuring exercise launched in early 2013.
Ahmed was responding to a question on the losses of Bahrain Mumtalakat Holding Company, Bahrain's sovereign wealth fund which oversees a portfolio of 36 companies including Gulf Air. The minister, who is also Mumtalakat chairman, also urged MPs to stop trying to portray the sovereign wealth fund as 'corrupt'..............................................Full Article: Source
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