Author: News Desk

Riyadh : the Bahrain Economic Development Board (Bahrain EDB), Chief Business Development Officer , Ali Al Mudaifa said that FDI stock coming from Saudi investments in Bahrain has amounted to USD9.8 billion, making up around 29% of the total inward FDI stock in Bahrain, which has reached USD33.5 billion in 2021. This came during the Future Investment Initiative (FII) Institute in Riyadh. He added that these investments, attracted by Bahrain EDB and its partners, came as a result of the strong economic relations between Bahrain and Saudi Arabia, as well as the support from the leadership in both countries. These…

Riyadh :  Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa stressed Bahrain’s keenness on diversifying its economic basis and moving from a consumer economy into a productive one. He noted continuous development of skills and experiences to achieve forecast goals and aspirations under the comprehensive development march led by His Majesty King Hamad bin Isa Al Khalifa, and the follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. The Minister of Finance and National Economy made the statement during his participation in a discussion session on funding and globally…

Riyadh : Personal Representative of His Majesty the King, President of the Supreme Council for Environment (SCE), His Highness Shaikh Abdullah bin Hamad Al Khalifa, has deputized Dr. Mohammed bin Mubarak bin Daina, the Minister of Oil and Environment and Special Envoy for Climate Affairs, to attend the ministerial meeting to prepare for the Middle East Green Initiative (MGI) Summit, which convened in Riyadh, the Kingdom of Saudi Arabia. Dr. bin Daina expressed thanks and appreciation to the Kingdom of Saudi Arabia for hosting the conference, commending strong fraternal relations between the Kingdom of Bahrain and KSA. He praised the…

Bahrain : His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today issued Edict (56) of 2022, promulgating the issuance of Zoning Regulations for Construction across the Kingdom of Bahrain, based on the Minister of Housing and Urban Planning’s proposal and following Cabinet approval. The zoning regulations for construction across the Kingdom of Bahrain, annexed to this edict, shall be enforced. The Minister of Housing and Urban Planning shall issue edicts endorsing the detailed urban zoning maps in various regions of the Kingdom. The zoning regulations for construction stipulated by Edict (28) of 2009…

Riyadh : Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa stressed Bahrain’s keenness on creating promising investment opportunities which contributes to revitalizing vital sectors and spurring growth. He highlighted the Kingdom’s drive to supporting the economic sectors to achieve development goals, led by His Majesty King Hamad bin Isa Al Khalifa, and in implementation of the Government’s plans, chaired by His Royal Highness Prince Salman bin Hamad Al-Khalifa, the Crown Prince and Prime Minister. The minister made the statement as he met Saudi Public Investment Fund (PIF) Governor Yasir bin Othman Al-Rumayyan and other PIF officials, on…

Bahrain’s Ministry of Interior has announced its support as a steering committee for the first edition of the Arab International Cybersecurity Summit (AICS) which will take place from December 6-8 at Exhibition World in Sakhir. The event will be held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the Kingdom of Bahrain. The Ministry of Interior will be providing expert support, guidance and oversight of progress to summit organisers Faalyat and Messe Frankfurt for one of the most important events on the calendar. Across the three days, 75 speakers…

HH Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Charity Works and Youth Affairs, and President of the Supreme Council for Youth and Sports, welcomed the platinum sponsorship offered by Gulf Air to the upcoming IRONMAN 70.3 Middle East Championship Bahrain which will be held on December 7, 2019, and becoming the official carrier of the championship. HH Shaikh Nasser stressed on the significance of the championship, which is directly observed by His Majesty King Hamad bin Isa Al Khalifa, who is keen on supporting the youth and sports sector in the Kingdom and pushing…

Bahrain :  On behalf of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, His Highness Shaikh Mohammed bin Salman bin Hamad Al Khalifa, today visited a number of families to mark the festival of Diwali. His Highness highlighted that the Kingdom’s core values of compassion, tolerance and openness, reflect the vision of His Majesty King Hamad bin Isa Al Khalifa, and the ongoing support of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. HH Shaikh Mohammed bin Salman noted the Kingdom’s principles of coexistence and pluralism,…

MIAMI  : The Biden administration is ratcheting up pressure on President Daniel Ortega’s authoritarian rule in Nicaragua, threatening a ban on Americans from doing business in the nation’s gold industry, raising the possibility of trade restrictions and stripping the U.S. visas of some 500 government insiders. The actions, stemming from an executive order signed by President Joe Biden on Monday, are the latest and perhaps most aggressive attempt by the U.S. to hold the former Sandinista guerrilla leader accountable for his continued attacks on human rights and democracy in the Central American country as well his continued security cooperation with…

NABLUS : Israeli forces raided a stronghold of an armed group in the occupied West Bank’s second-largest city, blowing up a bomb lab and engaging in a firefight, the military said Tuesday. Five Palestinians were killed and 20 were wounded, according to the Palestinian Health Ministry. The overnight raid in the old city, or kasbah, of Nablus, was one of the deadliest in the West Bank in 2022 and comes at a time of escalating tensions. Television footage showed flames and smoke rising in the night sky over Nablus. The army said it used shoulder-launched missiles. Local residents reported a…