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Overview

Bahrain to bolster digital skills and improve connections between academia and business
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In 2019 Bahrain’s public education system marked its centenary, making it the longest-running institution of its kind in the GCC. Since its inception, a range of primary, secondary and higher education institutions have evolved in the country, delivering strong student outcomes. In addition, the country hosts a thriving private education sector, with private school enrolment on the rise.…

Overview

Digital economy creates widespread opportunities in developing countries
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More and more commercial transactions are moving online and the so-called digital economy continues to expand its reach into every facet of the traditional analogue economy. For businesses this means they have access to new channels to reach existing clients as well as new opportunities to expand market share with a competitive digital offering. For consumers the ever-expanding digital economy…

Overview

ICT in Bahrain supported by regulatory framework and demand for data services
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With developed ICT infrastructure, high penetration rates, a tech-savvy population and a business-friendly ecosystem, Bahrain has much to offer investors. The kingdom’s geographically and demographically compact market provides an ideal sandbox for tech companies and start-ups to experiment and roll out pilot programmes, giving it a well-established research and development pedigree. In terms…

Overview

Legislative changes boost Bahrain's competitiveness
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Bahrain’s new Law for the Encouragement and Protection of Competition (Competition Law) was published in the Official Gazette on July 19, 2018, and its provisions – with the exception of Chapter 2 – came into effect on February 1, 2019. Chapter 2 establishes and relates to the Authority for Encouragement and Protection of Competition, and came into force on August 1, 2018. While the authority…

Overview

Useful information for travellers to Bahrain
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National Character While Bahrainis are interested in and open to foreign cultures, they are also very proud of their own identity, history and culture, and are willing to share their local customs and traditions with those who are interested to learn. Dress For foreign men, a suit and tie is the usual attire for meetings, and darker colours are preferred. Jackets are not always necessary…
Interview

Sheikh Khalifa bin Ebrahim Al Khalifa, CEO, Bahrain Bourse: Interview
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Interview:Sheikh Khalifa bin Ebrahim Al Khalifa What macroeconomic scenarios are most likely to impact Bahrain Bourse’s performance in the future? SHEIKH KHALIFA BIN EBRAHIM AL KHALIFA: Soon there will be greater cooperation between exchanges in the GCC. Some of the benefits of closer engagement are better time and resource management, and reducing barriers to entry. We are transforming passporting…
Interview

Khalid Humaidan, Chief Executive, Bahrain Economic Development Board (EDB): Interview
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Interview:Khalid Humaidan What are Bahrain’s primary economic competitive advantages, and how can these factors be best leveraged in a cooling investor climate? KHALID HUMAIDAN: As the world competes for foreign direct investment (FDI), Bahrain has worked to build on its history of trade and business opportunities. The kingdom boasts operating costs around 30-40% below neighbouring cities.…
Interview

Jean-Christophe Durand, CEO, National Bank of Bahrain (NBB): Interview
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Interview:Jean-Christophe Durand Over a decade on from the 2008 financial crisis, how secure is the global financial system today? JEAN-CHRISTOPHE DURAND: A number of major regulatory changes have been implemented by regulators worldwide in order to improve financial risk prevention and mitigation, and strengthen the financial stability of the banking system. While it is impossible to prevent…
Interview

Pete Bartlett, CEO, Bahrain Petroleum Company (Bapco): Interview
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Interview:Pete Bartlett What are some of the challenges associated with capital expenditure planning in a volatile oil market, and how can these be mitigated? PETE BARTLETT: Capital investments are much more selective and scrutinised under multiple possible scenarios, including the worst-case business environment where only the most resilient projects survive. Once the projects are under way…
Interview

Mohamed Yousif Al Binfalah, CEO, Bahrain Airport Company (BAC): Interview
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Interview:Mohamed Yousif Al Binfalah What is the strategy for developing local human resources for the new airport terminal? MOHAMED YOUSIF AL BINFALAH: Recruiting Bahraini professionals and developing their skills is essential to BAC’s growth strategy. For instance, we aim to increase our Bahrainisation ratio from the current 80% to more than 90% by the end of 2021 through our ongoing recruitment…