Cargo airline boosts racing
Texel Air has renewed its gold sponsorship of the Bahrain Turf Series for another three seasons, cementing its role in powering Bahrain's equestrian ambitions through specialised air cargo support.
The agreement was signed in the United Kingdom during the Newmarket July Festival, which saw Bahrain sponsor all three Group races on the card.
The deal extends Texel Air's partnership with the Rashid Equestrian and Horseracing Club (REHC), under the leadership of His Highness Shaikh Isa bin Salman bin Hamad Al Khalifa, Minister of the Court of the Crown Prince and Chairman of the Club's High Committee.
Strategic support
Yusuf Buheji, Chief Executive Officer of REHC, called the renewed sponsorship a strategic collaboration that aligns with Bahrain's aspirations to become a global hub for horseracing.
'Texel Air's continued support reflects a shared belief in the potential of racing in the Kingdom,' Buheji said. 'Partnerships like this are vital to the sport's growth and to positioning Bahrain as an international racing destination.'
He also noted Texel's broader contributions to Bahrain's logistics sector and expressed confidence in the sustained impact of the partnership over the next three seasons.
Aligned ambitions
George Chisholm, Executive Director of Texel Air, described the sponsorship as a natural fit, given the airline's growing focus on equine transportation.
'The Bahrain Turf Series has made impressive strides over the past four years. We are proud to support its continued growth,' Chisholm said. 'This partnership highlights our commitment to national sectors like sport and reinforces our dedication to the Kingdom's broader ambitions.'
He added that Texel Air's role in transporting horses and equipment across borders makes it uniquely positioned to contribute to the success of international racing events in Bahrain.
Rising profile
Launched in 2021, the Bahrain Turf Series has quickly gained global recognition, attracting entries from leading racing nations during Bahrain's winter season. Alongside events such as the Bahrain International Trophy and the King's Cup, the series anchors Bahrain's international racing calendar.
Texel Air, a Bahrain-based cargo airline and MRO provider, plays a critical role in supporting the logistical backbone behind the country's sporting and economic ambitions.
The renewed deal highlights how aviation and equestrian sectors are working in tandem to advance Bahrain's global standing in both logistics and sport.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
6 hours ago
- Daily Tribune
Modric Joins AC Milan
TDT | Manama 'A New Chapter' Begins as Legend Eyes Rossoneri Revival Luka Modric is officially an AC Milan player,and he's not coming to take it easy. The 39-year-old Croatian maestro has signed a one-year deal (with an option for another) after leaving Real Madrid, and he's made it clea that his goal is to help Milan climb back to the top of Italian football. Fresh off a legendary 13-year stint at the Bernabéu, where he won 28 trophies, including five Champions Leagues, Modric says he's excited for a 'new chapter' and ready to give everything at San Siro. "I'm very happy to be here," he told fans. "We hope to make you proud and celebrate many victories together.' Milan are in need of inspiration after a rough 2024-25 season. They finished 8th in Serie A, burned through two coaches, and missed out on European competition for just the fourth time this century. But with Modric bringing both class and leadership to a squad in transition, and Massimiliano Allegri back at the helm, hope is already starting to build.
Gulf Insider
9 hours ago
- Gulf Insider
Syria Signs $800M Tartous Port Deal With Dubai-Based Company
Syria has signed an $800-million agreement with Dubai-based DP World to redevelop the Tartous Port, state media reported on Sunday. The deal was signed in Damascus in the presence of self-appointed Syrian interim President Ahmad al-Sharaa. The agreement grants DP World a 30-year term to operate and upgrade Tartous, one of Syria's most strategic coastal hubs. Syrian officials say the deal is part of a wider push to modernize the country's logistics infrastructure. 'This strategic move will bolster our port operations and logistics services,' an unnamed Syrian official told SANA. Qutaiba Badawi, chairman of the General Authority for Land and Sea Ports, called the deal 'a new phase of field and maritime work in Syria.' DP World chairman Sultan Ahmed bin Sulayem said the agreement would position Tartous as a global transport node. 'Syria possesses valuable assets,' he said, adding, 'The port of Tartous will be one of the best in the world, particularly in transport and cargo handling services.' According to Badawi, the contract was the result of months of negotiations and was structured to be 'tight, fair and transparent.' The agreement includes infrastructure and technological upgrades to expand Tartous's cargo capacity and support the recovery of Syria's industrial and commercial sectors. The Tartous contract follows a series of high-value agreements signed in recent months, including a 30-year deal with France's CMA CGM to operate Latakia Port and a $7-billion energy contract with Qatari, Turkish, and US firms to restore the power grid. The US lifted most of its sanctions on Syria last month, citing what it called 'positive actions' by Sharaa's administration. US President Donald Trump has revoked the Foreign Terrorist Organization designation for the Nusra Front, later known as Hayat Tahrir al-Sham (HTS), according to a State Department memo filed on 7 July. In December 2024, HTS – under the leadership of Ahmad al-Sharaa (who went by the name Abu Mohammad al-Julani when he was still an ISIS chief) – successfully ousted former Syrian president Bashar al-Assad and took power in Damascus. On June 7, Syria was reinstated to the SWIFT banking system, as Damascus began implementing financial reforms under Central Bank Governor Abdul Qader al-Husriya. The Tartous Port deal comes seven months after HTS declared the ousting of the Assad government following its capture of Damascus and the flight of former president Bashar al-Assad.
Daily Tribune
12 hours ago
- Daily Tribune
Bitcoin Breaches $120K as Funds Pour In
TDT | Manama Bitcoin has crossed the USD 120,000 mark for the first time, propelled by a wave of institutional investment that analysts say is driving the first truly mature bull market in the cryptocurrency's history. Bitcoin hitting USD 120,000 means one bitcoin now trades for that amount in US dollars, reflecting its rising market value as a digital asset. Fuelled by robust inflows into exchange-traded funds (ETFs) and strategic allocations by large public and private institutions, the world's largest cryptocurrency is now firmly positioning itself as a mainstream asset class. Institutional traction Josh Gilbert, Market Analyst at eToro, said the ongoing surge reflects a shift from retail speculation to structural demand. 'Institutional adoption is growing, and this is the first real bull market where institutional participation is front and centre,' he said, pointing to major corporations adding bitcoin to their treasuries and sovereign funds entering the space through regulated investment products. Retirement plans, sovereign wealth funds, and asset managers are now actively investing in bitcoin ETFs, making multi-billion-dollar entries into a market defined by finite supply. Gilbert added that this persistent demand is a key driver behind bitcoin's sustained rally. Macro conditions align Loose global monetary policy and rising money supply continue to make a compelling case for bitcoin's appeal as a decentralised, fixed-supply asset. Gilbert explained that in such conditions, bitcoin is 'cementing itself as an alternative store of value.' While the crypto market has seen dramatic climbs in previous cycles, the current bull run is distinguished by its fundamental strength and breadth of participation, rather than hype. Retail yet to peak Despite the record prices, analysts believe the retail segment is still far from saturation. Gilbert noted that mainstream adoption remains in its early stages and that bitcoin is still an emerging component in diversified portfolios. 'This is just the beginning of widespread adoption, seamless integration with traditional finance, and robust regulatory frameworks,' he said. With increased trust, improving regulations, and global financial integration, analysts expect the upward momentum to continue well into the second half of 2025.
