imported 2024-03-17 17:43:07
Bahrain is to invest $ 10 Billion aimed to enhance Bahrain’s oil production capacity and to upgrade the existing oil fields using the latest technology. Mr. Al-Mahroos talks about the benefits of the investments, upcoming projects and the investment environment in the oil industry.
Oil plays the most important role in Bahrain’s economy. Oil exports account for 80% of Bahrain’s government revenues. Furthermore, the oil industry represents 15% of Bahrain’s GDP. Oil Dependency is inevitable and oil will remain the economic and growth engine of the economy.
Mr. Manna talks about the outlook for the banking sector in Bahrain and the effects the crisis has had on the sector. According to Manna “government should not adopt the expansionary fiscal policy as the banking sector is very liquid and well capitalized, rather they should focus on providing good lending opportunities”.
Bahrain is one of the first countries in the GCC to have a society (established in 2004) to protect migrant workers, especially the ones not subject to the labor law.
Batelco has completed the delivery of 27,000 Ramadan Baskets to the Kingdoms’ charitable societies as part of its annual donations programme.
Grant Jackson: Biography
Kuwait Aviation, Wataniya Airways, CEO, George Cooper
The Kuwaiti National market even though it is a small population. Kuwaiti Nationals travel a lot both for business and leisure. We are not in a price driven market, and the scheduling isn’t always most important, however, what is most important is the quality of experience brought to the customer by the airline. In the region there are airlines that provide this world-class experience and we wanted to figure out how to differentiate ourselves among them with our level of experience.
Interview with Khaled Al Saeid, Managing Director of ITSThe more privatization that takes place the more benefit to IT will happen. Also, the more efficiency is demanded from the government side will help drive IT as well.
Kuwait Investments, Chairman of International Financial Advisors (IFA), Talal Al-Bahar
When someone mentions investing in emerging markets I would like to see people think of IFA as the place to work with.
HE Mustafa Al-Shamali, Kuwait Minister of Finance
Not only would diversification of Kuwait economy generate employment, diversification of Kuwait economy would also help Kuwait to achieve a steady path of sustainable development.
