imported 2024-03-17 17:43:06
Faisal Al Mahroos, CEO of BAPCO (Bahrain Petroleum Company)
Oil provides a major support for Bahrain’s economy. It accounts for 80% of Bahrain’s export revenues and 20% of Bahrain’s GDP comes directly from the oil industry.
Dr. Mohamed Bin Khalifa Al Khalifa, General Manager of Banagas
Banagas is considered one of the most successful companies in Bahrain. After its inception, within 18 months, the investment of our shareholder was reimbursed.
Despite the diversification efforts Bahrain remains heavily dependent on oil and the oil prices. The income from the oil related business accounts for over 70% of government’s income.
The famous “Lost City” of Petra, remembered in poetry as “a rose-red city half as old as time,” and unforgettably featured in a host of films, novels, and video games, is one of the “Seven Wonders of the World”
When Abdullah I was assassinated·in 1951, he was succeeded on the throne by King Hussein. Hussein was a charismatic and farsighted king who was popular with both Western and other Arab governments, as well as with the Jordanian public.
Video Interview with Nicolas Chammas, Vice-Chairman of MEDCO. Mr. Chammas assesses the global oil prices and also talks about MEDCO – one of the leading diversified companies with the main focus on energy related products. The focal point of MEDCO’s strategy is a strong focus on innovation and serving its clients. MEDCO is also celebrating the 100th anniversary.
The peaceful use of nuclear energy in particular celebrates a comeback in the Middle East. The UAE and Saudi Arabia will definitely build nuclear plants in order to stand on the same level as Iran, which is on the threshold of becoming a nuclear power.
“In Kuwait , we feel that we are part of the world. When there was a high demand for energy , and oil in particular, Kuwait and Kuwait Oil Company responded positively by producing the maximum in 2008. In regard to Kuwait diversification , the long term concern is there. Kuwait should seriously think about diversifying sources of income for the country.” says Sami Al-Rushaid, Chairman and Managing Director at Kuwait Oil Company
“There hasn’t been much Kuwait oil development here in the past 20-30 years compared to the rest of the region. However, with the new four year economic development plan we are going to be able to see where Kuwait can go to drive development and change” – Wataniya Telecom ’s CEO Scott Gegenheimer
Chairman and General Manager of Global International General Trading and Contracting, Kuwait emerging oil company, Hussain Abdulla Jowhar and Jose R. Erinjeri
Global International General Trading and Contracting started in 1993 with limited capital. Through the combination of our experiences, we made a strategy of how to proceed and grow our business. We grew slowly with the market to reach where we are today. This is the seventeenth year of our company and in suppliable consumables for the oil sector we are a true leader.
