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Bahrain Tech Week to showcase new opportunities for growth

Week-long event series will explore the impact of emerging technologies on the future of the GCC Bahrain’s Cloud First policy estimated to have saved 90% in government ICT infrastructure expenditure since last year’s event   Manama, Bahrain, 09 September 2018: The Bahrain Economic Development Board (EDB) today announced that the Kingdom will host Bahrain Tech … Continued

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Acceleration in project momentum to drive non-oil growth in Bahrain in 2018

Growth for rest of 2018 expected to improve as project momentum acceleratesManama, 12 August 2018: An acceleration in the pace of project implementation in the first quarter of 2018 is expected to underpin faster non-oil growth in Bahrain throughout the course of the year, according to the Bahrain Economic Quarterly.The forecast for strong growth across … Continued

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Bahrain Showcases Startup Ecosystem at RISE Hong Kong Summit

Economic Development Board – Manama: A high-level Bahrain business delegation, led by the Startup Bahrain initiative, Bahrain Economic Development Board (EDB), Tamkeen (Labour Fund), Ministry of Industry Commerce and Tourism,  as well as startup accelerators Brinc and C5 and the Nest has attended the leading business and entrepreneurship event in Asia RISE Hong Kong Summit … Continued

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Bahrain Development Bank announces successful close of $100m venture capital fund of funds to support Middle East startups

– Region’s first active Fund of Funds will support emerging technology startups –Manama, 24 June 2018: Bahrain Development Bank (BDB) announces that the Al Waha Fund of Funds has successfully closed its US $100m fundraising round, making it the first active venture capital fund of funds in the region. The announcement marks an important milestone … Continued

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Bahrain FDI grows 114% as reforms boost investment

FDI inflows to Bahrain grew 114% in 2017 to $519 million, according to data released by the United Nations Conference on Trade and Development (UNCTAD), the fastest growth rate in the GCC. The rapid growth came in spite of a drop in global FDI of 23%. Growth in investment was supported by a number of … Continued

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Updated application processes reduces approval time for land applications to 18 days – Response to growing demand for land in the Kingdom

Manama, Bahrain, 11 June 2018: Bahrain has reduced the timeframe for land applications, in response to growing demand for industrial land across the Kingdom and as part of the government’s ongoing strategic focus on supporting investors in the manufacturing sector. The initiative, introduced by the Ministry of Industry, Commerce and Tourism, guarantees that complete applications … Continued

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Edamah launches BHD 7.6 million smart carparks complex “The Terminal”

– Edamah project pipeline in Bahrain worth around BHD 14 million –Edamah, the real estate arm of Bahrain government, has celebrated the opening of its BHD 7.6 million state-of-the-art carpark complex “The Terminal”. The opening ceremony was attended by key stakeholders including Edamah’s board of directors, investors, contractors and prospective tenants. Strategically located in the … Continued

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Non-oil growth of 5% helps make Bahrain GCC’s fastest growing economy in 2017

– Led by its non-oil sector, Bahrain has achieved strong economic momentum with forecasts suggesting this will continue into 2018 with a brighter outlook across the GCC –Manama, 2 May 2018: Data published in the latest Bahrain Economic Quarterly (BEQ) reveals that Bahrain’s real GDP grew by 3.9% in 2017, with the non-oil economy expanding … Continued

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Global investors to convene in Bahrain to unlock GCC opportunities

–  New global forum, Gateway Gulf, will bring together a select group of 500 global investors and CEOs, to be held in Manama, 8-10 May 2018 –   Manama, Bahrain, 18 April 2018: The region’s economic transformation and investment opportunities will be the highlight of Gateway Gulf, the first economic investment forum of its kind … Continued

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