Russia-UAE-Africa Food Security Forum held

Russia-UAE-Africa Food Security Forum held

(Dubai) – Sultan Al Mansouri, Minister of Economy, highlighted the UAE’s desire to co-operate and help African countries that aim improve the conditions of their producers and farmers, by exchanging knowledge, expertise and the best practices. During a ministerial session held at the Mohammed bin Rashid School of Government, which was attended by ministers and […]

DED organises the Doing Business Forum 2018

DED organises the Doing Business Forum 2018

(Abu Dhabi) – In co-operation with the World Bank, the Department of Economic Development, DED, in Abu Dhabi organised the Doing Business Forum 2018 in the emirate. Over 100 participants took part in the event, which aims to exchange expertise and best experiences in relation to the development and update of all the procedures, processes […]

EDB attracts BD 276 m of investments in record year

EDB attracts BD 276 m of investments in record year

(Manama) – The Bahrain Economic Development Board (EDB) announced a record year for inward investment in 2017, having attracted 71 new companies to Bahrain with investments amounting to BHD 276 million (US $733 million). This is expected to increase job creation by those companies by up to 72%, generating more than 2,800 local jobs over […]

Mohamed bin Zayed receives World Bank President

Mohamed bin Zayed receives World Bank President

(Abu Dhabi) – His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received Jim Yong Kim, President of the World Bank Group. In a meeting at the Louvre Abu Dhabi, the two sides discussed relations between institutions and stakeholders in the […]

Bahrain Islamic Bank posts BD 10.1 million net profit

Bahrain Islamic Bank posts BD 10.1 million net profit

(Manama) – Bahrain Islamic Bank (BisB) announced strong financial results that have positively impacted all the Bank’s operations. The Bank recorded a net profit of BD 10.1 million for the year ended 31st December, 2017 compared to a net profit of BD 8.4 million last year, an increase of 20%. During the last quarter of […]

Electricity Minister opens green conference

Electricity Minister opens green conference

(Manama) – Electricity and Water Affairs Minister Dr. Abdulhussain Mirza opened the International Conference on Green Cities, Sustainable Buildings and Renewable Energy, organised by the Kingdom University. The event was held in cooperation with the International Renewable Energy Network under the theme “Green Cities, Sustainable Buildings and Renewable Energy”. Senior officials and invited participants from […]

BD30 million portfolio to spur SMEs growth

BD30 million portfolio to spur SMEs growth

(Manama) – Tamkeen, the Labour Fund, and Khaleeji Commercial Bank (KHCB) signed a partnership agreement to manage a financing portfolio worth BD 30 million as part of Tamkeen’s Business Development “Tamweel+” Scheme. The programme comes in line with the enterprise support efforts to spur economic growth in the Kingdom as well as the private sector. […]

Premier opens GIF 2018

Premier opens GIF 2018

(Manama) – His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has asserted that Bahrain’s national industrial products and those of the other Gulf Cooperation Council (GCC) countries are capable of competing at international markets, and therefore, their marketing and promotion have become necessary. HRH Premier highlighted his keen interest in patronising and […]

Malaysia to develop innovative economy

Malaysia to develop innovative economy

(Kuala Lumpur) – HM Sultan Muhammad V expressed confidence that the government will be able to come up with new and innovative ways to help the people face the uncertain global economy. The King of Malaysia said he was happy with the cooperation extended by the private sector and NGOs to the government to realise […]

Bahrain Duty Free Company establishment announced

Bahrain Duty Free Company establishment announced

(Manama) – Key agreements were signed among Gulf Air Group Holding BSC (GFG), Bahrain Duty Free Shop Complex BSC (BDFS) and Bahrain Airport Company (BAC) in relation to the core duty free shopping offers at Bahrain International Airport’s (BIA) New Terminal. An agreement between GFG and BDFS will see the establishment of a new joint […]

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