As part of the strategic collaboration with the Economic Development Board Tamkeen Supports the employment of around 120 Bahrainis in GIG Gulf as part of the company’s plan to expand their regional headquarters in Bahrain

The Labour Fund “Tamkeen” announced its support for GIG Gulf, previously known as AXA Gulf Insurance, towards the recruitment of around 120 Bahrainis. This is in line with Tamkeen’s mandate of empowering individuals to become the employee of choice locally and internationally. GIG Gulf offers talented Bahrainis the opportunity to obtain greater exposure and acquire […]

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Bahrain ranks 1st globally in female digital skills training and STEM education  

Bahrain ranked 1st globally in multiple subindices within Metas’ (Facebook) Inclusive Internet Index conducted by Economist Impact, including national female e-inclusion policies, female digital skills training & STEM education, open data policies, and privacy regulations. The Inclusive Internet Index 2022 measures whether the internet is accessible and affordable in each country and how much it […]

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Bahrain’s Spire Technologies expands in MENA with a BD 15 million investment plan supported by Bahrain Economic Development Board.  

Spire, the premier Open Banking provider in the GCC is set to expand its operations in Bahrain and the MENA region through a 15 million BD investment plan, with support from the Bahrain Economic Development Board (EDB). This expansion will create 200 jobs over the next three years in high-value data sciences and artificial intelligence […]

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Al Bayrooni launches first stand-alone kidney treatment centre in Bahrain

With support from the Bahrain Economic Development Board (EDB), Al Bayrooni Dialysis, Bahrain’s first stand-alone dialysis centre for treating kidney diseases and conditions, has launched in Bahrain with a US $1.4M+ facility. The centre includes a full-spectrum of high-quality kidney care services focused on the needs of End-Stage Renal Disease (ESRD) patients. It is dedicated […]

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FDI inflows to Bahrain increase by 73% in 2021, surpassing global average

Bahrain’s Foreign Direct Investment (FDI) inflows increased by US$1.766 billion in 2021, marking a 73% year-on-year increase and surpassing the global FDI average growth, according to the 2022 World Investment Report issued by the United Nations Conference of Trade and Development (UNCTAD). According to the report, the Kingdom’s inward FDI stocks increased by 6% from […]

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Bahrain Ranks 1st in Ground and Port Infrastructure according to WEF’s 2021 Travel and Tourism Development Index

Bahrain ranks first amongst Arab countries and second in MENA in Ground and Port Infrastructure, according to the World Economic Forum’s 2021 Travel and Tourism Development Index. The report also highlighted strong placements for Kingdom, including ranking 12th globally in business environment. Amongst GCC countries, Bahrain ranked second in the following areas: travel and tourism […]

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China’s iCOOL sets up a US$10.7 million manufacturing facility in Bahrain to serve Middle East, US and European markets

Investment expected to create 150 jobs and generate over US$31 million in revenue in first year of operation KKC Industries WLL (iCOOL), a Chinese manufacturer of heating, ventilation and air conditioning (HVAC) products has launched a US$10.7 million manufacturing facility in Bahrain. Through its operations in Bahrain, iCOOL will produce and export air conditioning insulation […]

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Bahrain ranks 2nd in MENA and 3rd globally in Islamic Finance

The Kingdom of Bahrain ranked second in MENA and third globally in Islamic finance, one of the key areas in the 2022 State of the Global Islamic Economy Indicator by DinarStandard, a growth strategy research and advisory firm empowering organizations for profitable and responsible global impact. The indicator measures the development of the Islamic economy […]

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Central Bank of Bahrain issues revised Collective Investment Undertakings regulations

The Central Bank of Bahrain (“CBB”) has conducted a comprehensive review of its Collective Investment Undertakings (“CIU”) regulations governing the mutual funds industry as part of the CBB’s wider strategy to conduct a comprehensive review to the whole financial sector regulatory framework.  The new framework acknowledges the demands placed by the fast-paced changes in the […]

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