Analysis

Ambitious transport plans to help Bahrain compete as regional aviation centre
OBG
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Although it is not apparent to passengers landing at the existing terminal, building work on Bahrain’s Airport Modernisation Programme (AMP) is well under way. The project is one of the key individual recipients of finance from the Gulf Development Fund (GDF), through which $10bn is being channelled into Bahrain. The investment will allow the single-runway airport to increase annual passenger…

Analysis

Bahrain's new university accreditation system to help establish strong reputation
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As part of the kingdom’s attempts to grow into a regional education centre as well as expand into being a more knowledge-based economy, a strong emphasis has been placed on raising the quality of tuition on offer. So far, this role has been filled by the Education & Training Quality Authority, which has carried out reviews and follow-up reports of 79 academic programmes at the country’s…

Analysis

Entry of international universities to Bahrain boosts competition within tertiary education sector
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In 2016 the University of Salford became the first British higher education institution to partner with the government of Bahrain, when it announced that it would begin offering degrees through a new campus in Janabiyah. The university expects to enrol its first 100 students in September 2017. Meanwhile, Bahrain’s Applied Science University (ASU) announced in December 2015 that it is set…

Analysis

Regulatory changes in Bahrain improve investment conditions for foreign health care providers
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In July 2016, Bahrain approved a new law allowing 100% foreign business ownership when it comes to various sectors of the economy, including health care. The new law is meant to spur growth and attract investment to various economic sectors, including food, administrative services, entertainment and leisure, information and communications, manufacturing, and mining and quarrying, and allows…

Analysis

Bahraini state-owned holding company takes stakes in businesses around world
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Created in 2006, Bahrain Mumtalakat Holding Company owns controlling or significant stakes in many of the kingdom’s major businesses and has made strategic investments in companies in other countries. A core aspect of Mumtalakat’s portfolio revolves around managing the government’s commercial interest in many of the country’s most significant companies. EXISTING PORTFOLIO: Gulf Air…

Analysis

Record-breaking loan points to major expansion in Bahrain's aluminium production capacity
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In October 2016 Alba secured the biggest corporate loan in the history of the kingdom, as conventional and Islamic banks offered it $1.5bn in the first tranche of funding that will finance the $3bn potline six expansion. The government’s investment arm, Mumtalakat Holding Company, controls 69.38% of Alba, and the project is a key component of the country’s strategy to invest now in order…

Analysis

Bahrain's fourth National Telecommunication Plan explained
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In May 2016 Bahrain approved its fourth NTP, which mapped out key targets for the upcoming three-year period. The national plan, which succeeds the third NTP, released in 2012, calls for, among other things, 95% of all households and 100% of all businesses and public radio communication stations in the kingdom to have access to affordable, reliable and secure ultra-fast broadband services,…

Analysis

Impact of Brexit on Bahrain's tax regime
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The UK’s decision to leave the EU caught the financial markets by surprise and drove them to a period of real uncertainty. The unexpected results led to a broad sell-off across continents and asset classes. Because the UK is the fifth-largest economy in the world, it is critical that the Brexit process be carried out in an efficient and timely manner. Brexit is a huge change in many aspects,…

Analysis

Closer look at custodian accounts in establishing investor confidence in Bahrain
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Bahrain has gone through a series of economic challenges in the past five years. A primary source of these is the downturn in the real estate market. In an effort to combat the negative effects of the downturn on investors, three significant laws have been issued since 2014 regulating the dealings of all parties involved in the real estate market. Law No. 28 of 2014 on real estate developments…

Analysis

Rundown of legal requirements for incorporating foreign ownership of companies in Bahrain
OBG
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Bahrain is a regional financial hub for investment and business in the GCC. This holds true due to the efforts set forth by the Ministry of Industry, Commerce and Tourism (MoICT), and its minister, Zayed R. Al Zayani, in cooperation with other ministries. The MoICT has taken steps to encourage and create lucrative opportunities for foreign investors and companies wishing to establish a presence…