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 […]
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 […]
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 […]
Arla Foods’s yearly production has increased from 20,000 tonnes to 80,000, producing Puck and Kraft processed cheese and sterilised cream products This content was published on Construction Week. Arla Foods, European dairy cooperative, completed its $63mn production site expansion in Bahrain, to increase capacity as part of its long-term plan for the country. Yearly production […]
This is a result of a joint initiative between talabat, Ministry of Labor and Social Development, Tamkeen and the Bahrain Economic Development Board The center will generate 1,000 employment opportunities for Bahrainis over two years with the support of tamkeen. The center will serve talabat customers in the region Manama, Kingdom of Bahrain — ** […]
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, today announces that it has been granted a crypto-asset service provider license from the Central Bank of Bahrain (CBB). This landmark achievement for Binance represents its first license as a crypto-asset provider in The Cooperation Council for the Arab States of the Gulf (GCC) and demonstrates […]
The Kingdom of Bahrain ranked 15th overall among the world’s most competitive emerging markets and fifth in the area of business fundamentals, according to the 2022 Agility Emerging Markets Logistics Index. The Index ranks 50 countries by factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers, and distributors. It […]
According to the 2022 Index of Economic Freedom published by the Heritage Foundation, Bahrain ranked first in MENA for financial, investment, and trade freedom. Amongst MENA countries, Bahrain ranked 4th for overall economic freedom. According to the report, Bahrain’s “overall investment framework remains transparent, and foreign and domestic investors are treated equally. The financial system […]
GCC-based fintech, launches in Bahrain to expand its regional operational hubs in the MENA region. Enables 80% of the region’s consumer payments through highly adopted country specific local payment networks with a unified relationship, technology and clearing process. Resolves the challenges of the region’s fragmented payment networks so international players may unlock the true potential […]
