Washington, US—Bahrain has called for adoption of innovative solutions to encourage economic growth and sustainable development goals for all countries. The country's Finance and National Economy Minister, Shaikh Salman bin Khalifa Al Khalifa, has stressed the importance of strengthening international cooperation. The minister  took part in the meeting of the...

Most of the respondents in the poll feel that GCC will weather the gathering economic storm and come out unscathed, a view corroborated by the IMF and the World Bank.

About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32 percent, predicts a McKinsey report.

It is unusual for a woman to rise to the top, and in the conservative Arab monarchies of the Gulf, Reyadh's position is astounding.

Nykaa will leverage the Apparel Group’s robust retail infrastructure network and deep market relationships to build distinctive GCC focused beauty offerings.

Francis will visit the capital of Manama and city of Awali during the November 3 to 6 trip. He will attend the "Bahrain Forum for Dialogue: East and West for Human Coexistence". Further details of the visit -- the 39th international trip of Francis's papacy -- will be released at...

Manama, Bahrain—Bahrain’s latest government treasury bills, valued at Bahrain Dinar 70 million ($185 million), have been oversubscribed by 216 percent. The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government. The issue date of the bills is 21...

Firms in the region are increasingly augmenting their focus on operational transformation with new approaches to manage and optimize energy consumption, says an expert.

Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.

Despite ease in the measures set to combat the COVID-19 pandemic, electronic payments in the Gulf countries surged more than cash transactions in several other Arab countries.

Bahrain targets zero neutrality by 2060 in the country.

The GCC region is now witnessing an increase in adoption of open banking system and implementation plans are being put in place as regulators set new market policies.

Bahrain has posted a budget surplus of $88 million in the first half of 2022, from a deficit of $1.38 billion a year earlier, the Ministry of Finance and National Economy said in its Mid-year Financial Report for 2022. Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National...

Bahrain and Saudi Arabia have discussed ways to enhance technical cooperation in the areas of job localization programs and labor market regulation, as well as plans to integrate job seekers and develop human resources. The discussion took place during a meeting between Bahrain’s Minister of Labor and Chairman of the...

The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152 percent. Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days. This is issue number 256 of the short-term...

The shortlisted entrepreneurs will receive training through a customised bootcamp delivered by international venture capital startup accelerator "Brinc MENA."

GCC countries will witness a rise in their wealth between 2021 and 2026 after two years of challenging time due to the Covid-19 pandemic, a BCG report points out.

While Saudi apex bank has raised its repurchase rate by 75 bps to 3%, and its reverse repo rate by a similar margin to 2.50% to restore price stability and fight inflation. The central banks in the UAE, Qatar and Bahrain also raised their rates to 2.4%, 3% and 3.25%,...

Prime Minister of Egypt Mostafa Kamal Madbouly witnessed a signing ceremony Monday in Cairo that welcomed Bahrain as the fourth country to join the Industrial Partnership for Sustainable Economic Development, which includes the UAE, Jordan and Egypt.

Bahrain will permit nationals of the Gulf Cooperation Council to enter into the kingdom with just an identity card or a passport, according to the Bahraini Nationality, Passports and Residence Affairs (NPRA). A statement carried by Bahrain News Agency (BNA) said the move follows the decision of GCC countries to...

Abu Dhabi Fund for Development and the Abu Dhabi Exports Office signed two loan agreements with the Electricity and Water Authority in Bahrain to finance a water supply network project.

The rise of digital payments also increases the chances of payment frauds in the region, Damon Madden, Head of Business Development - Fraud at ACI Worldwide, tells TRENDS.

Many Gulf countries have set up electronic platforms to localize government and private sector jobs to reduce the national unemployment and their reliance on expat workers.

The United States, Israel and four Arab countries agreed to closer cooperation and annual foreign ministers' meetings on Monday, two weeks before President Joe Biden's first visit to the Middle East.

Arab govts in touch with Israel have no differences with it regarding the May 4 incident, Eliav Benjamin, Israeli foreign ministry director for Middle East affairs, tells TRENDS.

The Gulf region seems to have a better fiscal positions thanks to high oil prices and the recovery of the economies from the Covid-19 related woes.

Under the new visa scheme, all GCC residents with a valid resident and work visa issued by the UAE, Bahrain, Kuwait, Oman, and Qataris immigration authorities will be allowed entry into Saudi Arabia for business, tourism, and Umrah purposes, with the exception of Hajj – the annual Islamic pilgrimage.

The Agency for Natural Resources and Energy in Tokyo.reported that the amount of crude oil that Japan imported during that month amounted to 87.59 million barrels.

The two Gulf countries score high consistently on all seven parameters used to measure the status of an economy.

Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and Oman to share their perspective on contemporary issues.

The UK Home Office affirmed that “an electronic visa waiver allows the holder to travel to the UK without obtaining a visa provided they complete an online waiver for each visit.

After the Fed Reserve raised interest rates to rein in the 40-year-high inflation, GCC members followed the suit as most of the region's currencies are pegged to the dollar.

In a week truncated by the Eid holidays across the Middle East, stocks on the UAE exchanges shed gains, while there was no trading in Saudi Arabia because of Eid al-Fitr.

Bahrain has announced a ban, effective from September 19, on selling, manufacturing, circulating and importing single-use plastic bags, which are less than 35 microns in thickness. Minister of Industry, Commerce, and Tourism Zayed bin Rashid Al Zayani said that the decision aims to support environmental protection initiatives and limit the...

As Bahrainis celebrate Ramadan along with the rest of the Muslim world, the holy month is a period of appreciation for traditional sweets

From the UAE to Saudi Arabia, Qatar to Kuwait, the GCC countries have posted robust growth in the real estate sector, with the transactions touching $137.4 billion in 2021.

The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.

The Bahrain-based firm looking to spend around €1 billion.

A business delegation of Czech Republic visited Bahrain to explore investment opportunities and expansion of economic projects between the two countries. The delegation expressed keenness on cooperating with Bahrain for investment in various private sectors. Industry, Commerce and Tourism Minister Zayed bin Rashid Al Zayani said that Bahrain welcomes all...

The acquisition includes retail banking and credit card.

Bahrain’s Ministry of Industry, Commerce, and Tourism has announced that big shipments of tomatoes would arrive within the next few days, which would lead to a drop in prices.

Israel described as "historic" the deal abolishing customs duties on "95 percent of the products" exchanged between the Jewish state and Gulf Arab country after the normalization of ties in 2020.

Bahrain will build the region's first data center park in partnership with stc Bahrain to create an integrated digital center in the Middle East.

US Secretary of State Antony Blinken and the top diplomats of Israel and four Arab states wrapped up a landmark meeting Monday vowing to boost cooperation, which Israel said would send a strong message to its arch foe Iran. The talks brought together for the first time on Israeli soil...

US Secretary of State Antony Blinken and four top Arab diplomats arrived Sunday in southern Israel for a "historic" meeting marking a thawing of relations between the Jewish state and several regional neighbours. The meeting also takes place as the United States and European allies express quiet frustration that Middle...

Israel said it will host a "historic summit" from Sunday of top diplomats from the United States and three Arab states with which it has normalized ties. A series of diplomatic meetings would be attended by US Secretary of State Antony Blinken and his counterparts from the UAE, Bahrain and...

Four Gulf Arab central banks followed in the footsteps of the US Federal Reserve and raised interest rates by a quarter percentage point for the first time since 2018.

Four of the six GCC members feature within the top 50 of the World Happiness Report, and are atop the rankings among the Arab countries.

The annual report is published by the United Nation’s Sustainable Development Solutions Network.

Shareholders of Ithmaar Holding have approved a plan to sell a few of the company's assets to Al Salam Bank.