The document provides an overview of Bahrain's business environment and key industries. It discusses Bahrain's long history as a business hub in the Gulf region due to its strategic location, business-friendly policies, and skilled workforce. Some of the industries highlighted include financial services, Islamic finance, funds administration, insurance, manufacturing, logistics, and information technology. Officials from the Bahrain Economic Development Board emphasize Bahrain's diversified and sustainable economy, as well as its commitment to transparency, accountability, and world-class regulation.
This document discusses trademarks and the requirements for registration. It covers the spectrum of distinctiveness for marks from fanciful to generic. Fanciful, arbitrary and suggestive marks are inherently distinctive while descriptive and generic marks are not. Unconventional trademarks like color, sound, shape, smell and motion can be registered if they meet requirements. Indian trademark law is governed by the Trademarks Act of 1999 and administered by the Controller General of Patents, Designs and Trademarks.
The above presentation is a step to simplify the concept of Trademark in India.It also focuses on the process of registration under the Trademarks Act 1999.
The presentation simplifies the steps involved and makes it easier to understand the same.
Note:-The following presentation is a general writing containing contents derived from basic knowledge and relevant books and articles.Also it is the original work of the writer.
Trademarks, service marks, and trade names are used to identify and distinguish products and companies in commerce. The Federal Trademark Act of 1946, also known as the Lanham Act, protects these marks if they are used in commerce and are distinctive, without being generic, descriptive without secondary meaning, immoral, offensive, deceptive, or incorporating official insignia. Owners can lose trademark protection if a mark becomes generic or there is likelihood of confusion due to infringement by a similar mark. The Lanham Act also protects against dilution of a distinctive mark and unfair competition.
Non-registrable marks include marks that deceive the public or cause confusion, marks that are contrary to law, and marks that contain scandalous or obscene matter. Descriptive marks, generic names, surnames, and marks that are devoid of distinctive character are also not registrable. Certain shapes, sounds, colors, or other characteristics that are functional or give value to goods cannot be registered as trademarks. Chemical names, portraits or signatures identifying individuals also cannot be registered without consent. Religious, political or illegal imagery may be considered scandalous.
This document provides an overview of trademarks, including definitions, categories of trademarks, purposes of trademarks, criteria for trademarks, registration process, enforcement, and international agreements related to trademarks. It defines a trademark as a sign used to identify goods and distinguish them from competitors' goods. It describes categories of trademarks such as words, devices, colors, shapes. It explains the registration process including searching, applying, opposing, and registering trademarks. It discusses infringement and available legal remedies. It also lists some key international agreements around trademarks.
The document discusses trademarks, including what they are, how they are registered and protected, and some key facts about trademark law. It provides definitions of trademarks and explains they identify the source of goods/services. It outlines the trademark registration process in India and key terms like TM, SM, and ®. It also discusses refusal grounds, infringement, collective/certification marks, and terms of protection.
This document provides an overview of intellectual property and intellectual property rights. It defines intellectual property as property that arises from human intellect, such as ideas, designs, poems, and music. Intellectual property rights protect the inventions and creations of individuals and provide the inventor exclusivity over their intellectual property. The three main types of intellectual property rights discussed are patents, copyrights, and trademarks. Patents protect inventions, copyrights protect original creative works, and trademarks protect brands, logos, and names. The document outlines the registration process and legal protections provided for each type of intellectual property right.
A trademark is a distinctive sign, symbol or name used to identify and distinguish the goods or services of one business from those of others. Trademarks can consist of words, logos, slogans, sounds, or other symbols. Registering a trademark provides legal protection against infringement and establishes exclusive rights over the use of the mark in relation to specified goods or services. Some key benefits of registering a trademark include securing exclusivity, controlling use of the brand by others, and deterring and preventing infringement by other traders.
This document discusses trademarks and the requirements for registration. It covers the spectrum of distinctiveness for marks from fanciful to generic. Fanciful, arbitrary and suggestive marks are inherently distinctive while descriptive and generic marks are not. Unconventional trademarks like color, sound, shape, smell and motion can be registered if they meet requirements. Indian trademark law is governed by the Trademarks Act of 1999 and administered by the Controller General of Patents, Designs and Trademarks.
The above presentation is a step to simplify the concept of Trademark in India.It also focuses on the process of registration under the Trademarks Act 1999.
The presentation simplifies the steps involved and makes it easier to understand the same.
Note:-The following presentation is a general writing containing contents derived from basic knowledge and relevant books and articles.Also it is the original work of the writer.
Trademarks, service marks, and trade names are used to identify and distinguish products and companies in commerce. The Federal Trademark Act of 1946, also known as the Lanham Act, protects these marks if they are used in commerce and are distinctive, without being generic, descriptive without secondary meaning, immoral, offensive, deceptive, or incorporating official insignia. Owners can lose trademark protection if a mark becomes generic or there is likelihood of confusion due to infringement by a similar mark. The Lanham Act also protects against dilution of a distinctive mark and unfair competition.
Non-registrable marks include marks that deceive the public or cause confusion, marks that are contrary to law, and marks that contain scandalous or obscene matter. Descriptive marks, generic names, surnames, and marks that are devoid of distinctive character are also not registrable. Certain shapes, sounds, colors, or other characteristics that are functional or give value to goods cannot be registered as trademarks. Chemical names, portraits or signatures identifying individuals also cannot be registered without consent. Religious, political or illegal imagery may be considered scandalous.
This document provides an overview of trademarks, including definitions, categories of trademarks, purposes of trademarks, criteria for trademarks, registration process, enforcement, and international agreements related to trademarks. It defines a trademark as a sign used to identify goods and distinguish them from competitors' goods. It describes categories of trademarks such as words, devices, colors, shapes. It explains the registration process including searching, applying, opposing, and registering trademarks. It discusses infringement and available legal remedies. It also lists some key international agreements around trademarks.
The document discusses trademarks, including what they are, how they are registered and protected, and some key facts about trademark law. It provides definitions of trademarks and explains they identify the source of goods/services. It outlines the trademark registration process in India and key terms like TM, SM, and ®. It also discusses refusal grounds, infringement, collective/certification marks, and terms of protection.
This document provides an overview of intellectual property and intellectual property rights. It defines intellectual property as property that arises from human intellect, such as ideas, designs, poems, and music. Intellectual property rights protect the inventions and creations of individuals and provide the inventor exclusivity over their intellectual property. The three main types of intellectual property rights discussed are patents, copyrights, and trademarks. Patents protect inventions, copyrights protect original creative works, and trademarks protect brands, logos, and names. The document outlines the registration process and legal protections provided for each type of intellectual property right.
A trademark is a distinctive sign, symbol or name used to identify and distinguish the goods or services of one business from those of others. Trademarks can consist of words, logos, slogans, sounds, or other symbols. Registering a trademark provides legal protection against infringement and establishes exclusive rights over the use of the mark in relation to specified goods or services. Some key benefits of registering a trademark include securing exclusivity, controlling use of the brand by others, and deterring and preventing infringement by other traders.
Bahrain Bay is a $2.5 billion waterfront development project in Manama, Bahrain built on reclaimed land. It has four foundational philosophies: focusing on scale and aesthetics to create a world-class destination; ensuring social equity and opportunities for all; developing a self-sustaining community through varied districts; and committing to environmental sustainability. Bahrain Bay attended the annual MIPIM conference in France to promote the development to potential investors, customers, developers and retailers from around the world.
This document discusses a case study on Bahrain Bay, a large mixed-use real estate development project in Bahrain. It provides details on Bahrain Bay's marketing strategies, which focus on the four Ps of marketing - product, price, place, and promotion. Bahrain Bay has sold over 60% of residential and commercial units through global marketing events. It aims to create a self-sustaining community through strategic planning and partnerships.
Why might the Kingdom of Bahrain be an attractive location for overseas inves...Syaff Hk
The Kingdom of Bahrain may be an attractive location for overseas investors as it has a growing economy, offers better living and working conditions through diversification, and provides next generation digital connectivity for both residents and visitors. Bahrain is considered a good place for business investment and development due to its major financial and commercial center and key projects. Bahrain's closest competitors for foreign investment include other Gulf countries. Football sponsorship is part of the promotion aspect of the marketing mix, helping to raise brand awareness.
The successful saga of Gallure ideas & Insights in organizing multiple mega shows,
exhibition and seminars on Oil and Gas, Electromechanical, Housing, Aluminium,
Live Concert, Human Rights, Sports Events, Banking & Finance in Bahrain for the
last 9 years again brings a promising platform for Real Estate developers and
promoters ‘THE PROPERTY SHOW’ in the heart of Kingdom of Bahrain.
The property show is one of its kind for Indian property display in Bahrain and will
be the first after Indian financial budget 2015, is scheduled from 19th to 21st
March 2015 at The Bahrain International Exhibition Centre, Bahrain.
We would like to invite you to participate in the one of the important Indian real
estate event in GCC. This exhibition feature networking session with number of
highly active groups, HNI’s and financial institutions.
Key Objective of the Indian Property Show:
• To project the vibrant Indian real estate world to expatriates & Regional
investors.
• Investment opportunity for Indians living in Bahrain and Saudi Arabia.
Facts and figures of the Property Show:
• Strategic location for real estate exhibitors. Bahrain ranks 5 in the world for
good expat salary
• Approx 3.5 lakh Indian expatriates in Bahrain.
• Gateway to the kingdom of Saudi Arabia.
• Bahrain is the banking hub for GCC with the presence of all the prominent
banks and financial institutions.
• High brand visibility to the targeted audience.
• Special networking session with prominent Groups.
Unique engagement facilities with the Property show:
• One-year local representation facility for the exhibitors.
• Exclusive one to one meeting facility for the generated leads.
• Dedicated call center facility for one year.
Banking Insight - CAB Magazine 2018 - 2019 - Embracing the future Now - Content:
01 Outgoing Chairperson’s Farewell Message
02 Chairperson’s Message
05 Outgoing General Manager’s Farewell Message
07 Chief Executive Officer’s Message
11 Vital Statistics
14 Weathering The Storm: Experiences & Best Practices
19 Country Feature - Grenada
22 Country Feature - Haiti
24 Country Feature - Guyana
26 New Credit Regulation - IFRS 9
30 Reporting Regulation - GDPR
33 Tax Haven Regulation: BEPS, The Caribbean and CAB - A Brief Thought!
35 The ABC’s Of Blockchain Technology
38 CAB Rebrands - Reshaping & Refocusing Our Message
41 Highlights From CAB’s 45th AGM & Conference
43 Training Our Members To Adapt To Change
45 CAB’s Strong Focus On Advocacy
46 How To Best Serve Millennial Bankers
48 Leadership 2.0 For Disruptive Times
52 CARICOM Digital Technology – The Pros & Cons
57 Five Principles To Building A Digital Mindset
59 2019’s Most Important Financial Sector Events
61 CAB Members Round-Up
73 CAB Service Members Round-Up
- Contexture Associates/Vahid Associates Brand Futurists is an intensive communications advisory firm located in Manama, Bahrain that has been operating for over 30 years.
- The firm offers a range of complementary expertise including experiential design, events design and management, and design and marketing budget management.
- Through its unique methodology, the firm has infused existing brands with new life or created new brands that resonate with customers over the long term.
The CAB Annual Magazine, Bank Insight, is the complete guide to the Caribbean Financial Service Sector.
Content of this 2019 edition:
01 Outgoing Chairperson’s Farewell Message
02 Chairperson’s Message
05 Outgoing General Manager’s Farewell Message
07 Chief Executive Officer’s Message
11 Vital Statistics
14 Weathering The Storm: Experiences & Best Practices
19 Country Feature - Grenada
22 Country Feature - Haiti
24 Country Feature - Guyana
26 New Credit Regulation - IFRS 9
30 Reporting Regulation - GDPR
33 Tax Haven Regulation: BEPS,
35 The ABC’s Of Blockchain Technology
38 CAB Rebrands - Reshaping & Refocusing Our Message
41 Highlights From CAB’s 45th AGM & Conference
43 Training Our Members To Adapt To Change
45 CAB’s Strong Focus On Advocacy
46 How To Best Serve Millennial Bankers
48 Leadership 2.0 For Disruptive Times
52 CARICOM Digital Technology – The Pros & Cons
57 Five Principles To Building A Digital Mindset
59 2019’s Most Important Financial Sector Events
61 CAB Members Round-Up
73 CAB Service Members Round-Up
Explore the untapped potential of Latin America and the Caribbean in this edition of The Business Tycoons Magazine. Delve into the dynamic business landscapes and discover the emerging markets that promise unprecedented opportunities for growth and investment. Gain insights into the unique challenges and triumphs that define business in Latin America and the Caribbean, as we spotlight the trailblazers driving innovation and prosperity across these dynamic markets.
The Business Tycoons: Emerging Markets – Latin America and The Caribbeanoberoishanaya89
The world is looking up to the fast-developing nations of Latin America and the Caribbean. Discover new horizons of economic synergy focusing on the untapped opportunities in these developing countries. Latin America has a mixed economy with a range of industries including agriculture, mining, manufacturing, and services while the Caribbean relies on tourism, agriculture (such as sugar, bananas, and coffee), and services, manufacturing, energy, and financial services. This magazine throws light on the potential these countries hold across sectors and the benefits the governments of these respective countries provide to international investors. It is just the right magazine for business leaders with a proven acumen in their respective sectors and who are looking forward to expand their businesses abroad.
GMD Speech for Commissioning of China Representative OfficeFirstBank, Nigeria
FirstBank of Nigeria opened a representative office in China to further assist in opening new business frontiers between Nigeria and China given the increasing trade flows between the two countries. The new office accentuates FirstBank's rise as an international financial services icon and will help facilitate and widen financial transactions and trade flows. FirstBank already has several banking relationships with Chinese institutions involving investments and partnerships totaling billions of dollars. The representative office will provide first-class financial services to support the Chinese business community exploring opportunities in the Nigerian market.
During the reign of King Hamad bin Isa Al Khalifa of Bahrain, women's empowerment has increased in political, economic, and social spheres with support from the Prime Minister and Crown Prince. The Bahrain Businesswomen Society was established in 2000 as the first businesswomen's society in the Gulf region, with objectives including empowering women in business and promoting their participation. Through various initiatives supported by the Supreme Council for Women and groups like Bahrain Chamber of Commerce, the society has made progress in representing women in leadership positions and furthering women's rights and roles in Bahraini society.
The Colors of Bahrain project produced a short film showcasing Bahraini culture and a large scale map made of paintings by over 2,300 Bahraini students. The film aimed to positively impact Bahrain's international image by featuring important cultural aspects not often seen online. The map challenged students to recognize traditional culture by drawing aspects of Bahrain and Arab culture. Both elements engaged youth and increased awareness of Bahraini traditions through art and media. The project was organized by AIESEC Bahrain and sponsored by Chevron Bahrain.
This document summarizes the branding work of Brand Central, a division of M&C Saatchi MENA. It provided branding services for various sectors including:
- Nation branding for countries like Lebanon, Jordan, Iraq
- Government and institutional branding for entities like Solidere, UNRWA, ministries
- Corporate and finance branding for companies like Al Quds Group, Sokouk Exchange
- Real estate, healthcare, media and broadcast branding for projects and organizations.
The document outlines examples of branding challenges, transformations, and the impact of the work. Brand Central positioned itself as a pioneer in various fields of branding across the Middle East and North Africa region.
ml"Stepping towards your success" September Symposium was held at Grand Hyatt Doha. A great line-up of speakers and strategic partners who truly inspired the audience. WLC Qatar was set-up to "Develop, Nurture and Promote the emerging talent of Qatari women in line with family and cultural values and Qatar's vision 2030". Thank you to Maha Al-Essa of 974Design for providing the design and print from Day one and all our strategic partners for their participation.
Bahrain has taken bold steps to diversify its economy and transition to a service-based economy due to its limited oil reserves which are estimated to run dry within two decades. It has embraced political and social reforms earlier than other Gulf states and has become a pioneer in the region by fully liberalizing its telecommunications industry and financial sector. Services now account for 57% of GDP, with the government promoting sectors like banking, tourism, and real estate through initiatives like the Economic Development Board to attract investment and further diversify the economy away from its dependence on oil.
This internship report provides an overview of BRAC Bank Limited's SME Banking Division. It discusses BRAC Bank's history and growth, including establishing over 300 SME unit offices across Bangladesh. The report also outlines some of BRAC Bank's major products and services, with a focus on its wide range of retail and SME loan offerings. Challenges facing BRAC Bank's SME division are analyzed, such as high interest rates, defaulter rates, and risks associated with the SME sector. The report provides insights into BRAC Bank's efforts to reduce credit risk and deal with defaulters through strict loan approval processes and a specialized recovery wing.
The document discusses how Botswana is well-positioned to benefit from increasing international capital flows into Africa due to its history and policies. Botswana discovered diamonds in the late 1960s and used revenues to develop education, health, and infrastructure. It implemented economic diversification policies since the 1980s to develop industries like finance, manufacturing, and tourism. As a result, Botswana has a more diversified economy powered by both extractive industries and secondary industries.
The document provides an overview of Luxe Port Trading, a luxury perfume distributor in the UAE. It discusses the company's founder and COO, highlights from 2022 including revenue growth and expansion of its distribution network, its vision to be the leading perfume distributor, and details about the UAE market such as its growing economy and population. The summary also mentions the company's extensive distribution network across the UAE and portfolio growth since its founding.
Bambwa Group AB opens up for new investors from 15th Nov to 15th January 2019. For the next 6 weeks, Bambwa will be on the road to present an opportunity for new investors to join us! Our mission is to improve people’s quality of life by investing in high growth companies in the Nordics and Africa. WE WANT YOU, to join us in this lifetime opportunity.
Cd Anderson Portfolio Virgin Active Interview With Richard Bransoncdanderson
The document summarizes Sir Richard Branson's announcement of plans to expand Virgin Active's operations in South Africa. It discusses plans to open eight new clubs, including Virgin Active's first club in Soweto, as well as a club in Durban. Branson expresses his love for South Africa and its people, and recognition of their entrepreneurial spirit. The expansion will also include a new corporate social responsibility initiative partnering Virgin Active clubs with local high schools to promote healthy lifestyles. Branson was also in South Africa to promote entrepreneurship through his Branson Centre and bring international entrepreneurs to interact with South African students.
The document provides an overview of Abu Dhabi, the capital city of the United Arab Emirates. It discusses Abu Dhabi's rapidly developing economy, focused on non-oil sectors like tourism, industry and finance per its Economic Vision 2030 plan. Abu Dhabi has a stable economy backed by its oil wealth and sovereign wealth funds. It is also investing heavily in renewable energy and developing world-class infrastructure like the zero-carbon city of Masdar to support continued growth. Transport networks are also being expanded to accommodate rising population levels in the growing capital city.
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Similar to C:\Users\Patrick\Desktop\Bestof Bahrain Vol1
Bahrain Bay is a $2.5 billion waterfront development project in Manama, Bahrain built on reclaimed land. It has four foundational philosophies: focusing on scale and aesthetics to create a world-class destination; ensuring social equity and opportunities for all; developing a self-sustaining community through varied districts; and committing to environmental sustainability. Bahrain Bay attended the annual MIPIM conference in France to promote the development to potential investors, customers, developers and retailers from around the world.
This document discusses a case study on Bahrain Bay, a large mixed-use real estate development project in Bahrain. It provides details on Bahrain Bay's marketing strategies, which focus on the four Ps of marketing - product, price, place, and promotion. Bahrain Bay has sold over 60% of residential and commercial units through global marketing events. It aims to create a self-sustaining community through strategic planning and partnerships.
Why might the Kingdom of Bahrain be an attractive location for overseas inves...Syaff Hk
The Kingdom of Bahrain may be an attractive location for overseas investors as it has a growing economy, offers better living and working conditions through diversification, and provides next generation digital connectivity for both residents and visitors. Bahrain is considered a good place for business investment and development due to its major financial and commercial center and key projects. Bahrain's closest competitors for foreign investment include other Gulf countries. Football sponsorship is part of the promotion aspect of the marketing mix, helping to raise brand awareness.
The successful saga of Gallure ideas & Insights in organizing multiple mega shows,
exhibition and seminars on Oil and Gas, Electromechanical, Housing, Aluminium,
Live Concert, Human Rights, Sports Events, Banking & Finance in Bahrain for the
last 9 years again brings a promising platform for Real Estate developers and
promoters ‘THE PROPERTY SHOW’ in the heart of Kingdom of Bahrain.
The property show is one of its kind for Indian property display in Bahrain and will
be the first after Indian financial budget 2015, is scheduled from 19th to 21st
March 2015 at The Bahrain International Exhibition Centre, Bahrain.
We would like to invite you to participate in the one of the important Indian real
estate event in GCC. This exhibition feature networking session with number of
highly active groups, HNI’s and financial institutions.
Key Objective of the Indian Property Show:
• To project the vibrant Indian real estate world to expatriates & Regional
investors.
• Investment opportunity for Indians living in Bahrain and Saudi Arabia.
Facts and figures of the Property Show:
• Strategic location for real estate exhibitors. Bahrain ranks 5 in the world for
good expat salary
• Approx 3.5 lakh Indian expatriates in Bahrain.
• Gateway to the kingdom of Saudi Arabia.
• Bahrain is the banking hub for GCC with the presence of all the prominent
banks and financial institutions.
• High brand visibility to the targeted audience.
• Special networking session with prominent Groups.
Unique engagement facilities with the Property show:
• One-year local representation facility for the exhibitors.
• Exclusive one to one meeting facility for the generated leads.
• Dedicated call center facility for one year.
Banking Insight - CAB Magazine 2018 - 2019 - Embracing the future Now - Content:
01 Outgoing Chairperson’s Farewell Message
02 Chairperson’s Message
05 Outgoing General Manager’s Farewell Message
07 Chief Executive Officer’s Message
11 Vital Statistics
14 Weathering The Storm: Experiences & Best Practices
19 Country Feature - Grenada
22 Country Feature - Haiti
24 Country Feature - Guyana
26 New Credit Regulation - IFRS 9
30 Reporting Regulation - GDPR
33 Tax Haven Regulation: BEPS, The Caribbean and CAB - A Brief Thought!
35 The ABC’s Of Blockchain Technology
38 CAB Rebrands - Reshaping & Refocusing Our Message
41 Highlights From CAB’s 45th AGM & Conference
43 Training Our Members To Adapt To Change
45 CAB’s Strong Focus On Advocacy
46 How To Best Serve Millennial Bankers
48 Leadership 2.0 For Disruptive Times
52 CARICOM Digital Technology – The Pros & Cons
57 Five Principles To Building A Digital Mindset
59 2019’s Most Important Financial Sector Events
61 CAB Members Round-Up
73 CAB Service Members Round-Up
- Contexture Associates/Vahid Associates Brand Futurists is an intensive communications advisory firm located in Manama, Bahrain that has been operating for over 30 years.
- The firm offers a range of complementary expertise including experiential design, events design and management, and design and marketing budget management.
- Through its unique methodology, the firm has infused existing brands with new life or created new brands that resonate with customers over the long term.
The CAB Annual Magazine, Bank Insight, is the complete guide to the Caribbean Financial Service Sector.
Content of this 2019 edition:
01 Outgoing Chairperson’s Farewell Message
02 Chairperson’s Message
05 Outgoing General Manager’s Farewell Message
07 Chief Executive Officer’s Message
11 Vital Statistics
14 Weathering The Storm: Experiences & Best Practices
19 Country Feature - Grenada
22 Country Feature - Haiti
24 Country Feature - Guyana
26 New Credit Regulation - IFRS 9
30 Reporting Regulation - GDPR
33 Tax Haven Regulation: BEPS,
35 The ABC’s Of Blockchain Technology
38 CAB Rebrands - Reshaping & Refocusing Our Message
41 Highlights From CAB’s 45th AGM & Conference
43 Training Our Members To Adapt To Change
45 CAB’s Strong Focus On Advocacy
46 How To Best Serve Millennial Bankers
48 Leadership 2.0 For Disruptive Times
52 CARICOM Digital Technology – The Pros & Cons
57 Five Principles To Building A Digital Mindset
59 2019’s Most Important Financial Sector Events
61 CAB Members Round-Up
73 CAB Service Members Round-Up
Explore the untapped potential of Latin America and the Caribbean in this edition of The Business Tycoons Magazine. Delve into the dynamic business landscapes and discover the emerging markets that promise unprecedented opportunities for growth and investment. Gain insights into the unique challenges and triumphs that define business in Latin America and the Caribbean, as we spotlight the trailblazers driving innovation and prosperity across these dynamic markets.
The Business Tycoons: Emerging Markets – Latin America and The Caribbeanoberoishanaya89
The world is looking up to the fast-developing nations of Latin America and the Caribbean. Discover new horizons of economic synergy focusing on the untapped opportunities in these developing countries. Latin America has a mixed economy with a range of industries including agriculture, mining, manufacturing, and services while the Caribbean relies on tourism, agriculture (such as sugar, bananas, and coffee), and services, manufacturing, energy, and financial services. This magazine throws light on the potential these countries hold across sectors and the benefits the governments of these respective countries provide to international investors. It is just the right magazine for business leaders with a proven acumen in their respective sectors and who are looking forward to expand their businesses abroad.
GMD Speech for Commissioning of China Representative OfficeFirstBank, Nigeria
FirstBank of Nigeria opened a representative office in China to further assist in opening new business frontiers between Nigeria and China given the increasing trade flows between the two countries. The new office accentuates FirstBank's rise as an international financial services icon and will help facilitate and widen financial transactions and trade flows. FirstBank already has several banking relationships with Chinese institutions involving investments and partnerships totaling billions of dollars. The representative office will provide first-class financial services to support the Chinese business community exploring opportunities in the Nigerian market.
During the reign of King Hamad bin Isa Al Khalifa of Bahrain, women's empowerment has increased in political, economic, and social spheres with support from the Prime Minister and Crown Prince. The Bahrain Businesswomen Society was established in 2000 as the first businesswomen's society in the Gulf region, with objectives including empowering women in business and promoting their participation. Through various initiatives supported by the Supreme Council for Women and groups like Bahrain Chamber of Commerce, the society has made progress in representing women in leadership positions and furthering women's rights and roles in Bahraini society.
The Colors of Bahrain project produced a short film showcasing Bahraini culture and a large scale map made of paintings by over 2,300 Bahraini students. The film aimed to positively impact Bahrain's international image by featuring important cultural aspects not often seen online. The map challenged students to recognize traditional culture by drawing aspects of Bahrain and Arab culture. Both elements engaged youth and increased awareness of Bahraini traditions through art and media. The project was organized by AIESEC Bahrain and sponsored by Chevron Bahrain.
This document summarizes the branding work of Brand Central, a division of M&C Saatchi MENA. It provided branding services for various sectors including:
- Nation branding for countries like Lebanon, Jordan, Iraq
- Government and institutional branding for entities like Solidere, UNRWA, ministries
- Corporate and finance branding for companies like Al Quds Group, Sokouk Exchange
- Real estate, healthcare, media and broadcast branding for projects and organizations.
The document outlines examples of branding challenges, transformations, and the impact of the work. Brand Central positioned itself as a pioneer in various fields of branding across the Middle East and North Africa region.
ml"Stepping towards your success" September Symposium was held at Grand Hyatt Doha. A great line-up of speakers and strategic partners who truly inspired the audience. WLC Qatar was set-up to "Develop, Nurture and Promote the emerging talent of Qatari women in line with family and cultural values and Qatar's vision 2030". Thank you to Maha Al-Essa of 974Design for providing the design and print from Day one and all our strategic partners for their participation.
Bahrain has taken bold steps to diversify its economy and transition to a service-based economy due to its limited oil reserves which are estimated to run dry within two decades. It has embraced political and social reforms earlier than other Gulf states and has become a pioneer in the region by fully liberalizing its telecommunications industry and financial sector. Services now account for 57% of GDP, with the government promoting sectors like banking, tourism, and real estate through initiatives like the Economic Development Board to attract investment and further diversify the economy away from its dependence on oil.
This internship report provides an overview of BRAC Bank Limited's SME Banking Division. It discusses BRAC Bank's history and growth, including establishing over 300 SME unit offices across Bangladesh. The report also outlines some of BRAC Bank's major products and services, with a focus on its wide range of retail and SME loan offerings. Challenges facing BRAC Bank's SME division are analyzed, such as high interest rates, defaulter rates, and risks associated with the SME sector. The report provides insights into BRAC Bank's efforts to reduce credit risk and deal with defaulters through strict loan approval processes and a specialized recovery wing.
The document discusses how Botswana is well-positioned to benefit from increasing international capital flows into Africa due to its history and policies. Botswana discovered diamonds in the late 1960s and used revenues to develop education, health, and infrastructure. It implemented economic diversification policies since the 1980s to develop industries like finance, manufacturing, and tourism. As a result, Botswana has a more diversified economy powered by both extractive industries and secondary industries.
The document provides an overview of Luxe Port Trading, a luxury perfume distributor in the UAE. It discusses the company's founder and COO, highlights from 2022 including revenue growth and expansion of its distribution network, its vision to be the leading perfume distributor, and details about the UAE market such as its growing economy and population. The summary also mentions the company's extensive distribution network across the UAE and portfolio growth since its founding.
Bambwa Group AB opens up for new investors from 15th Nov to 15th January 2019. For the next 6 weeks, Bambwa will be on the road to present an opportunity for new investors to join us! Our mission is to improve people’s quality of life by investing in high growth companies in the Nordics and Africa. WE WANT YOU, to join us in this lifetime opportunity.
Cd Anderson Portfolio Virgin Active Interview With Richard Bransoncdanderson
The document summarizes Sir Richard Branson's announcement of plans to expand Virgin Active's operations in South Africa. It discusses plans to open eight new clubs, including Virgin Active's first club in Soweto, as well as a club in Durban. Branson expresses his love for South Africa and its people, and recognition of their entrepreneurial spirit. The expansion will also include a new corporate social responsibility initiative partnering Virgin Active clubs with local high schools to promote healthy lifestyles. Branson was also in South Africa to promote entrepreneurship through his Branson Centre and bring international entrepreneurs to interact with South African students.
Similar to C:\Users\Patrick\Desktop\Bestof Bahrain Vol1 (20)
The document provides an overview of Abu Dhabi, the capital city of the United Arab Emirates. It discusses Abu Dhabi's rapidly developing economy, focused on non-oil sectors like tourism, industry and finance per its Economic Vision 2030 plan. Abu Dhabi has a stable economy backed by its oil wealth and sovereign wealth funds. It is also investing heavily in renewable energy and developing world-class infrastructure like the zero-carbon city of Masdar to support continued growth. Transport networks are also being expanded to accommodate rising population levels in the growing capital city.
This document provides an overview of the inaugural edition of "Best of Zimbabwe", which aims to showcase Zimbabwe's achievements, successes, culture, and people. It contains forewords and introductions from government officials and the publishing team. The book is organized into 16 chapters covering various sectors of Zimbabwe's economy and society such as tourism, mining, entrepreneurship, and finance. It profiles leading companies, innovators, and individuals in each sector. The publishing team hopes this book will inspire hope and success in Zimbabwe by sharing positive stories with a global audience.
The document discusses the concept of leadership in America. It notes that Americans are defined not by their heritage but by their ability to continuously change and reinvent themselves. Immigrants come to America for the freedom to express themselves and pursue opportunities. The document discusses several American leaders who exemplified reinvention and hard work. It frames America as a collective of citizens from around the world, both native-born and immigrants, who together drive progress through new ideas and energy.
This article discusses South Africa hosting the 2010 FIFA World Cup soccer tournament. It notes that this is the first time the tournament is being held on the African continent. It highlights several reasons why this World Cup is important for Africa, including that it allows Africans to cheer for their teams and stars close up for the first time. It also notes the large number of Africans and people from around the world that have traveled to South Africa for the event, showing Africa's hospitality. The article concludes by stating that with the World Cup coming to Africa, it is a great time for the continent to showcase itself to the world as caring, friendly, and ready to play a role in global affairs.
The document provides an overview of religious diversity in Egypt, focusing on Islam as the predominant religion. It discusses the key pillars of Islam including the declaration of faith, daily prayers, compulsory charity, fasting during Ramadan, and the pilgrimage to Mecca. Egypt has a population of over 80 million people, with estimates that 80-90% are Muslim. The country also has Christian and Jewish populations. Religion plays an important role in social and cultural life in Egypt.
This document provides an introduction to the third volume of the "Best of Singapore" series. It highlights Singapore's transformation from a fishing village to an advanced economy and global city. The book showcases excellence across Singapore's major sectors through profiles of leading organizations. It aims to showcase the high quality of life in Singapore and reinforce its status as an icon of success. The Managing Editor thanks the various partners and organizations that supported the publication.
“Best of South Africa” is a celebration of the crème that our country has to offer, a tangible reminder and visual celebration of what makes South Africa great, a country people truly fall in love with -locals and international visitors alike.
This document is the foreword for a publication called "Best of Kenya" written by the President of Kenya. In the foreword, the President highlights that the publication will provide readers with new and existing knowledge about Kenya and its people. He notes that Kenya remains relatively stable and peaceful despite challenges, and that Kenyans are resilient and work to transform challenges into opportunities. The President expresses confidence in Kenya's ability to overcome problems and build a united, stable and prosperous nation as outlined in Vision 2030. He welcomes investors to take advantage of Kenya's opportunities across various economic sectors.
Jordan’s business, investment, art and tourism facets are landscaped in the finest publishing model held in your hands. ‘Best of Jordan’ showcases companies of positive contributions to the country at large, and individuals whose entrepreneurial endeavors left inspirational marks on the society. In each chapter, we highlight the figures who interlace to ultimately form the versatile sectors of Jordan.
This document provides an overview of Kenya through several sections:
1) It begins with the national anthem highlighting unity, liberty, and prosperity within Kenya's borders.
2) It then discusses Kenya's diverse landscapes, wildlife, people, and economy. Kenya is known as a top safari destination and has a thriving economy.
3) The rest of the document covers details about Kenya's cities, tourism, and Vision 2030 - the plan to become a middle-income country by 2030 through investment and development.
This document provides an overview of South Africa, including:
- Capital cities are Pretoria, Bloemfontein, and Cape Town. Population is 44.8 million people from various ethnic groups.
- Infrastructure includes world-class airports, railroads, roads, buses, and telecommunications. Medical facilities and banks are also well developed.
- Climate varies by region but remains comfortable year-round. Temperatures average 20°C in summer and 12.6°C in winter in Cape Town.
- Media includes numerous radio stations broadcasting in 11 languages as well as several television channels, both public and private.
The document provides an introduction to the Best of Singapore volume 2 publication. It discusses Singapore's rise as a global economic hub due to its strategic location and welcoming of immigrants. The publication profiles leading brands across Singapore's most vibrant industries, including accommodation, spas, education institutes, and future developments. It thanks partners for their contributions to the success of this edition and looks forward to future editions.
The document provides an overview of Goa, highlighting that it is India's smallest and richest state with a high GDP per capita. It notes some of Goa's key characteristics including its natural beauty, cultural influences from Portuguese rule, and relaxed lifestyle. Some fast facts about Goa's location, population, languages, industries, and history as a former Portuguese colony are also presented.
The JW Marriott Hotel Cairo is a 5-star luxury hotel located just outside Cairo that offers stunning views and excellent facilities for both business and leisure. It has 428 deluxe rooms and suites, 12 restaurants and bars, a spa, swimming pool, water park, and an 18-hole championship golf course. The hotel is also renowned for its meeting and conference facilities, having won awards five years in a row as the best 5-star conference and convention hotel in the Middle East.
You can easily change/correct a name on your flight ticket under the American Airlines name change policy. The airline provides multiple online and offline modes to place a name change request. To learn more about how to change a name on American Airlines ticket, you can directly approach the airline’s customer support. Moreover, you can connect with a flight expert at +1-866-738-0741 for quick assistance.
The Ultimate Travel Guide to Hawaii Island Hopping in 2024adventuressabifn
island hopping in Hawaii. This magical place offers a number of experiences, as each island has its own charm. Do you love adventure? Then, hike through volcanoes or kayak along an amazing coastline. If you want relaxation, then Hawaii is perfect because it has the most amazing beaches. In this blog, I will help you make an itinerary for your Hawaii Island Hopping. Every island offers something special. The Big Island offers some of the most perfect volcanoes as well as stargazing. Maui will pamper you with beaches and luxury. Kauai has some of the most lush rainforests with dramatic cliffs, and Oahu can offer a taste of city life and historical significance.
Discovering Egypt A Step-by-Step Guide to Planning Your Trip.pptImperial Egypt
Travelling to Egypt is like stepping into a time capsule where the past and present coexist, offering a unique blend of history, culture, and stunning landscapes.
See more: https://imperialegypt.com/tour-packages/
Golden Gate Bridge: Magnificent Architecture in San Francisco | CIO Women Mag...CIOWomenMagazine
The famous suspension bridge connects the city of San Francisco to Marin County in California. Golden Gate Bridge carries both U.S. Route 101 and California State Route 1 across the strait and is about one mile wide. In this article, we will explore the history and significance that have shaped the iconic monument it is known as today.
How do I plan a Kilimanjaro Climb?
Planning to climb Mount Kilimanjaro is an exciting yet detailed process. Here’s a step-by-step guide to help you prepare for this incredible adventure.
Nature of the task 1. write a paragraph about your trip to dubai and what ar...solutionaia
1. write a paragraph about your trip to dubai and what are the facts responsible for the heavy rainfall in dubai that caused havec ?
2. mention any five major tourist attaction of dubai
Mathematics: a student a visit her family her father converted Rs. 1,15,000 inr currency for dubai airport theexpedite in the trip is given below
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Prepare for cold weather rafting with proper gear: layering for warmth, insulated headgear, gloves, waterproof footwear, and essential accessories like sunglasses and sunscreen. Prioritize safety with a life jacket and maintain gear for optimal performance. Stay warm, dry, and ready for adventure on the rapids!
What Challenges Await Beginners in SnowshoeingSnowshoe Tahoe
Discover the exhilarating world of snowshoeing through our presentation, highlighting the challenges faced by beginners. From physical exertion to technical finesse and braving harsh winter conditions, each step in the snow brings new obstacles and unforgettable adventures. Embrace the challenge and conquer the winter wonderland with confidence!
bangalore metro routes, stations, timingsnarinav14
Bangalore Metro, also known as Namma Metro, is a rapid transit system serving the city of Bangalore, Karnataka, India. It is the second longest operational metro network in India after the Delhi Metro.
How To Change Your Name On American Airlines Aadvantage.pptxedqour001namechange
American Airlines permits passengers to change/correct names on their AAdvantage account. Also, you can request a name change both online via a web portal and offline over the phone. For further information on how to change your name on American Airlines Advantage, get in touch with the airline’s customer service. Also, you can reach out to a consolidation desk at +1-866-738-0741 for quick assistance.
Wayanad-The-Touristry-Heaven to the tour.pptxcosmo-soil
Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
Explore Architectural Wonders and Vibrant Culture With Naples ToursNaples Tours
Discover the historical gems and vivid culture of Naples with our guided tours. From the vivid narrow streets of Spaccanapoli to the ancient ruins of Pompeii, the city offers a mixed bag of adventurous experiences. Book your tickets today https://www.naples.tours/ and experience the best of Naples!
What Outdoor Adventures Await Young Adults in Montreal's Surrounding NatureSpade & Palacio Tours
Experience Montreal's vibrant culture and thrilling outdoor adventures. From hiking scenic trails at Mont-Saint-Bruno to kayaking the Saint Lawrence River, there's something for every adventurous young adult. Explore street art, camp under the stars, and immerse yourself in nature's beauty just beyond the city's bustling streets.
Our excursions in tahiti offer stunning lagoon tours, vibrant marine life encounters, and cultural experiences. We ensure unforgettable adventures amidst breathtaking landscapes and serene waters. For more information, mail us at tracey@uniquetahiti.com.
Ibiza, situated in the Balearic Islands, stands out as a destination that encompasses everything: stunning landscapes, hidden gems to explore, a vibrant social scene, rich cultural life, and exceptional gastronomy. Opting for ‘Ibiza Rent A Boat’ to experience an unforgettable vacation on the White Island is certainly worthwhile, prompting a deeper exploration of the unique and fascinating aspects of Ibiza.
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2. Profitable partnerships.
Every step of the way.
Ithmaar Bank - Adding value through innovation
Ithmaar Bank B.S.C. P.O. Box 2820, Manama, Kingdom of Bahrain. Tel: +973 17584000
www.ithmaarbank.com
3. life is colourful ...
... because I stand on SOLID GROUND
Welcome to a spectrum of innovative financial solutions. Solidarity provides the
utmost safety and protection against the widest possible risks, along with a
diverse range of prudent savings and investment opportunities, ensuring peace
of mind and making life ever so colourful.
Solidarity’s vision is to become the leading international Islamic-oriented financial
services group in the world. With a paid-up capital of $220 million, Solidarity
Group has the resources to deliver unmatched risk management solutions, tailored
to meet the needs of individuals, families and businesses.
Ph one +973 1758 5222, Fax +973 1758 5200
P.O. Box 18668, Manama, Kingdom of Bahrain
WWW.SOLIDARITY.COM.BH
5. Welcome to Bahrain!
If you are reading this you are already part of a truly global way of life and are
entering our Global Village arena where we showcase our country, our people
and our culture and the opportunities that exist in becoming a part of our
present and future. Global Village Partnerships and the “Best of” series is a
fast growing international media group and “Best of Bahrain” is a first step in
introducing the Kingdom on a positive note to our global audience.
We feature the Kingdom of Bahrain’s Vision 2030, Business Friendly orientation
as the Government focuses on the development of the community and our
international business and investment relations. Our genuine hospitality as
people in lifestyle and business is unrelenting and synergetic with all of Bahrain’s
citizens and residents. Our goal has been to exhibit the diversity with as
many key players and initiatives as possible from top organizations to singular
entrepreneurs and talented individuals who are contributing to the successful
growth of this Kingdom. There are many more still to showcase in future
editions of “Best of Bahrain” and on our online social networking portal for
Rawia Beyhum - Publisher businesses www.GVPedia.com.
We are lucky to have been firstly supported by Bahrain’s Economic
Development Board, who are our ambassadors to the Kingdom encouraging
and inviting the global audience to merge amongst its establishments and set
up base here. We proudly recognize the guidance of His Royal Highness the
Prime Minister’s Court and all of Bahrain’s ministries, who saw the importance
and potential of this publication in providing a neutral voice to the Kingdom. In
our discovery of the Kingdom we have witnessed kindness, traditional values
and unique talents that contribute to the wholeness of life here. We are proud to
present to you this inaugural edition that will be eclipsed in the next editions of a
small nation with a world to offer.
Please make sure to visit Bahrain’s Economic Development Board (EDB) on
www.bahrain.com and the Kingdom’s e-Government portal www.bahrian.bh
during your stay for further information on the Kingdom of Bahrain.
This publication would not have been possible without the support from our
participating businesses, entrepreneurs, individual talents and the staff of Middle
East Media (MEM) our media partner in the Kingdom of Bahrain.
Rawia Beyhum
Publisher
International Group Publisher Sven Boermeester
Bahrain Publishing Partner Middle East Media Marketing L.L.C.
Publisher Rawia Beyhum
Project Manager Lisa Ashworth
Production GVPedia Communications
Editors Lisa Durante, Reena Raghavamoorthy
Creative Direction Peter Batistich
Images List of Photography Contributors see Index on page 188
Information Sources Economic Development Board (EDB), Ministry of Culture & Information, Vision 2030
ISBN # 978-0-620-39819-0
Disclaimer: Every effort has been made to ensure the accuracy of the information in The Best of Bahrain Vol. 1.
Neither Best of Bahrain nor GVPedia Communications cc assume any responsibility for errors or omissions.
All rights reserved: No part of this publication shall be reproduced, copied, transmitted, adapted or modified in any form or by
any means. This publication shall not be stored in whole or in part in any form in any retrieval system.
Contact details:
Ms. Rawia Beyhum
Middle East Media Marketing L.L.C.
PO Box 10688
Al Matrook Bldg. 9th Floor, Flat. 101
Tel: +973 17 53 6535
Mobile: +973 39 78 5868
Fax: +973 17 53 3511
www.middleeastmedia.co.uk
Email: rawia@membah.com
In Partnership with: www.gvpedia.com
Sponsored by
Global Village Partnerships FZ LLC
Best of Bahrain 3
6. Business Friendly Bahrain
Best of Bahrain
“Bahrain provides a free, open and transparent environment for
businesses and has a globally competitive, value-creation story
which focuses on sustainability, skills and good governance.”
Shaikh Mohammed bin Essa Al Khalifa, Chief Executive of the EDB.
7. O ver the past century,
Bahrain has led the Gulf
in many different areas, from
decades. The financial services
sector has been thriving for nearly
40 years bringing about a certain
oil exploitation to finance dependability, sustainability and
and education. This has business wisdom. Bahrain also
given Bahrainis their uniquely has a tried-and-tested legal
sophisticated outlook, which and regulatory environment in
supports a core culture of which investors can trust to fairly
openness and freedom, and lies protect their interests in an open
at the heart of everything they do. and transparent manner.
Bahrain is the Gateway to the The quality of growth in a
Gulf, with particularly favourable country depends primarily on the
access to Saudi Arabia and the quality of its people. Bahrain’s
ideal business hub due to its business sector is supported
strategic location in the region, by the most productive, highly-
excellent transport network, skilled national work force in the
and a reputation for cultural GCC. For example, 67% of the
neutrality and friendly ties with its financial services workforce is
neighbours. Bahraini and education in the Shaikh Mohammed Bin Essa Al-Khalifa, Chief Executive,
Economic Development Board
Bahrain’s free market means country is of a very high standard.
that businesses are allowed Tamkeen (formerly the Labour
to operate freely, with minimal Fund), has invested around $185 an authenticity about Bahrain of opportunity and optimism.”
red-tape and foreign ownership million to train more than 19,000 that is unique to the Gulf. Low Bahrain was the first country in
restrictions. According to the Bahrainis and provide them with inflation and sustainable growth the region to diversify away from
Index of Economic Freedom sector-specific skills. Education also mean that quality of life is oil and gas 40 years ago. From
2009, Bahrain is the 16th freest reforms have also been amongst the highest in the GCC, the outset, the government set
economy in the world and the introduced to improve education especially for families. in motion a series of initiatives to
freest in the Middle East. In fact, and skills training in line with encourage industry sectors which
Bahrain is the only economy the requirements of the private Investment can offer significant investment
in the MENA region to rank sector, adopting best practice potential, based on Bahrain’s
amongst the world’s top 20. from some of the world’s most OppOrtunItIes natural and human resources,
The Kingdom was also the first successful educational models. Shaikh Mohammed bin Essa Al global market trends and regional
country in the GCC to have Furthermore, Bahrain is an Khalifa, Chief Executive of the demands.
ratified a Free Trade Agreement open, tolerant and welcoming Bahrain Economic Development Bahrain’s overall economic
with the United States of society that has long respected Board (EDB): “Bahrain is the strategy is focused on the
America. people of all cultures, ethnicities, most diversified economy in creation of high-quality jobs in
Importantly, Bahrain has denominations and genders. With the Gulf and our strength is in sustainable industries and value-
a strong track record and its its multicultural society, boutique this diversification. We have a added sectors. The country
modern international business restaurants, and a thriving arts wellbalanced economy that is now carries an established
credentials extend well into the scene and café culture, there is growing with sectors and islands track record in a number of key
Best of Bahrain 5
8. sectors: over the 2006 to 2008 period. standards that have helped attract in 1984. Formal regulations
Financial services Bahrain’s banking sector institutions to the country and governing funds were introduced
Widely regarded as the comprises both conventional and led to the rapid growth of Islamic in 1992 which encouraged the
bestregulated financial centre in Islamic banking and is the largest finance assets.” development of a thriving fund
the Middle East, Bahrain has been segment within the Kingdom’s Bahrain is widely recognised sector and leading to Bahrain’s
the region’s undisputed financial finance sector. as the global leader in Islamic dominance as the Gulf’s regional
capital for decades. The Central A key feature of the banking finance, with the largest funds centre. As at October
Bank of Bahrain (CBB) is the sole system in Bahrain is the rich concentration of Islamic financial 2009, Bahrain was home to more
regulator of the entire financial variety of locally incorporated and institutions in the world. At than 2,600 registered funds.
services sector. international banks (conventional present, there are 27 Islamic Of these, 137 are Bahrain
As of November 2009, and Islamic) that operate in the banks (whose assets under domiciled schemes, and 59 are
there are 414 licensed financial Kingdom. Between them, these management total US$25.7 Islamic funds.
institutions based in Bahrain, banks provide professional billion), 18 Islamic insurance
including local, regional and services and products to retail, companies (Takaful), and 1 Insurance & reinsurance
international firms. Banking is wholesale and private wealth re-Takaful firm operating in The insurance industry in
the cornerstone of the finance clients. Several locally the Kingdom. A number of Bahrain has been growing
industry, and has diversified into all incorporated banks have either conventional banks have also steadily and strongly in recent
aspects of finance including funds, branches or subsidiaries in other successfully integrated Islamic years demonstrating double
insurances, reinsurances, Islamic countries throughout the Middle products within their operations. digit growth, and mirroring the
finance and capital markets. This East, Far East, Africa, Europe and In addition, Bahrain is at the expansion of Bahrain’s financial
has created a large pool of local the United States. Overall, the forefront of the market for Islamic sector. The Kingdom offers
talent. total consolidated balance sheet securities (sukuk), including the ideal environment for the
The financial sector is one of the banking sector reached short-term government sukuk, insurance industry, and with its
of the most important and $218.9 billion by October 2009. as well as leasing securities. forwardlooking and business-
wellestablished sectors of The CBB has played a friendly regulatory regime it
Bahrain’s economy accounting Islamic Finance central role in the introduction hopes to sustain this growth in
for 26.59% of Gross Domestic Khalid Hamad, Executive Director- of these products. the longterm. Bahrain is home to
Product in 2008 according to the Banking Supervision, CBB: “Whilst more than 170 insurance firms.
Central Informatics Organisation. the underlying principles of Islamic Funds Administration & Reinsurance is a smaller market
Banking finance have safeguarded it management than the main insurance sector
Bahrain’s banking system against the worst of the economic Bahrain has a thriving funds in Bahrain, but it is one that is
experienced annual average downturn, it is Bahrain’s tried and industry, with the first Bahrain steadily growing. An increasing
growth rates of 18 per cent trusted world-class regulatory domiciled fund being launched number of companies are offering
9. reinsurance for local companies investment vehicle, Bahrain Low set up costs, access to and the proposed Bahrain-Qatar
and using Bahrain as a base from Mumtalakat Holding Company competitively priced, skilled causeway. It is also just 13km
which to do business globally. with a capital of BHD2 billion. labour, political and cultural from Bahrain International Airport,
Mumtalakat is committed to neutrality and a favourable legal making it perfectly positioned as
takaful fostering the development of environment combine to make a multimodal logistics hub for the
With the region’s Takaful market the company through greater Bahrain the ideal operating region.
set to boom over the next few transparency, better accountability environment. Shaikh Mohammed bin Essa
years, Bahrain is rapidly being and improved growth of its Al Khalifa, Chief Executive of the
established as the leader in investments. Information Communication EDB, said:
this field. Bahrain is the first technology (ICt) “The Khalifa bin Salman Port
market to introduce regulations _____________________________ Bahrain boasts the Middle East’s and Bahrain Logistics Zone now
for Takaful companies that met most liberal and advanced ICT represent a world class logistics
with Accounting & Auditing On top of a thriving financial infrastructure and policies. The hub right at the heart of the Gulf,
Organisation for Islamic Financial services sector, the Kingdom Bahrain ICT market is expected to providing the ideal location from
Institutions (AAOIFI) standards. also has strong professional reach $375 billion by 2010, due to which to tap into the almost
Predictions at the Takaful services, logistics and the high demand for IT products one trillion US dollars combined
conference held in April 2008 manufacturing sectors. and services from both public market of the GCC countries
suggested that the industry was International businesses and private sectors. The growing and its rapidly expanding, young
set to increase to US$10 billion already in Bahrain include need for robust IT solutions is population.”
by 2015. Microsoft, Kraft, BNP Paribas, also being driven by massive
Ernst & Young, KPMG, DHL and eGovernment and eCommerce Automotive Industry
sovereign Wealth Funds – Standard Chartered Bank. initiatives, aimed at achieving Bahrain has consistently stood
mumtalakat economic diversification. Bahrain at the forefront of a thriving
Kamal Ahmed, Chief Business & professional offers low entrance costs and its automotive sector in the Middle
Operating Officer of the EDB: services market is rich with opportunity. East, having joined an elite club of
“The independent ranking With the largest financial services 18 nations by hosting the Formula
of Mumtalakat as the most centre in the Gulf and close Logistics One World Championship six
transparent Sovereign Wealth proximity to Saudi Arabia’s oil Bahrain is currently investing times in a row. The automotive
Fund in the Gulf is further proof and gas markets, opportunities US$2.9bn to upgrade its logistics industry in Bahrain grew by
of the Kingdom’s commitment for professional and business infrastructure. The Bahrain 6.8% in 2007 and a further 10%
to the highest standards of services are abundant in Bahrain. Logistics Zone is fully integrated in 2008 and the Kingdom now
accountability and robust These include law, accountancy, with the new Khalifa bin Salman has substantial expertise in the
regulation that has created a management consultancy, port, and is in close proximity to sector, especially in motor sport
stable business environment.” marketing services, engineering both the King Fahd causeway and aluminium component
In 2006, Bahrain set up its own services and human resources. linking Bahrain to Saudi Arabia manufacturing.
10. About the Bahrain eDB both the public and private sectors to Bahrain’s competitive advantages and
work closely together to achieve Bahrain’s provide significant investment opportunities.
Kamal Ahmed, Chief Operating Officer strategic objectives for change and growth. The Bahrain EDB works to enhance the
of the EDB: “The Bahrain EDB strives Shaikh Mohammed bin Essa Al Khalifa is capabilities, infrastructure and policies that
to be the catalyst for change that will the Chief Executive of the Bahrain Economic are tied to the economic sectors and to
transform Bahrain into a preferred Development Board. the overall business environment. In doing
global business destination.” so, the EDB aims to attract foreign direct
eDB Initiatives investment in these areas and contribute to
The Bahrain Economic Development The Bahrain EDB has played a prominent the Kingdom’s economic growth.
Board (EDB) is a dynamic public agency role in a number of important initiatives. The Bahrain EDB is responsible for
responsible for formulating and overseeing These include Bahrain’s hosting of the promoting the Kingdom of Bahrain abroad
the economic development strategy of Middle East’s first ever Formula 1TM Grand through its overseas network of dedicated
Bahrain, and for creating the right climate to Prix; becoming the first country in the Arab offices, in India, Japan and Hong Kong,
attract direct investment into the Kingdom. world to fully liberalise its telecoms industry; and by working closely with its embassies
The role of the Bahrain EDB is to provide and establishing a Free Trade Agreement around the world to promote business
leadership by uniting all of the Kingdom’s with the United States. investment opportunities.
shareholders through a unified vision, and The Bahrain EDB currently seeks In addition, the Bahrain EDB offers an
to develop key strategies for growth. The to attract inward investment across investor-facilitation service to first-time
Bahrain EDB also acts as a facilitator, helping several economic sectors in line with the investors interested in doing business in
all of Bahrain’s stakeholders to understand government’s aspirations to promote Bahrain. A dedicated business development
and adopt the changes necessary for productive and sustainable growth, as set officer serves as the first point of contact
progress. In addition, the Bahrain EDB out in Bahrain’s Economic Vision 2030, to the Kingdom, working to understand
provides sound project management to launched in October 2008. The National the objectives of each investor, providing
ensure that all agreed reform initiatives are Economic Strategy provides a roadmap information regarding the relevant
implemented effectively. for the vision, which sets the direction procedures for setting up businesses, and
The EDB is chaired by His Royal for Bahrain’s future development, aiming helping them to develop a strong network of
Highness Prince Salman bin Hamad Al to build a better life for every Bahraini by contacts to successfully conduct business
Khalifa, Crown Prince of Bahrain. The utilising the private sector as an engine in Bahrain.
EDB Board of Directors consists of 17 for growth and focusing on modernizing
government ministers and 10 leading the economy, developing new skills and
executives from the private sector. The enhancing productivity and innovation. Tel: +973 17 589 969
Board’s composition is designed to enable Several economic sectors capitalise on www.bahrainedb.com
12. ChapterS
Best of Bahrain
Hotels & Hospitality Dining & Entertainment
42-53
54-63
Chapter 1
Chapter 2
Health, Beauty & Wellness Training, Education & CSR
108-115
116-129
Chapter 5
Chapter 6
Oil, Gas & Manufacturing Media, Communications & Technology
164-169
170-187
Chapter 10
Chapter 9
10 Best of Bahrain
13. Travel, Tourism & Events Arts & Culture
64-77
78-107
Chapter 3
Chapter 4
Real Estate, Construction & Design Banking, Investment & Finance
130-149
150-163
Chapter 7
Chapter 8
BEST OF
bahrain Best of Bahrain 11
14. The Court of HRH
The Prime Minister
Your Royal Highness, how Bahrain is a country of limited These mechanisms were set and economic growth.
has your Government space and resources. In such in place since the early stages Simultaneously, any social or
supported the development a situation it is only natural to of the state formation, which in economic development is subject
and diversification of Bahrain’s define your ambitions within turn contributed to witnessing to this stability.
economy in light of the current these limitations. Faced with such a limited negative magnitude of
difficulties and successive challenges Bahrain conducted the recent global crisis, keeping Therefore, as we look today
global and regional crises? in-depth studies with a futuristic Bahrain as immune as possible at the achievements realized
Global difficulties are a testament approach that recognizes the under such circumstances. by the people of Bahrain as a
of Bahrain’s ability to overcome indispensability of developing consequence of the Kingdom’s
the reality and employ it for mechanisms for income We believe that any progress diversification policy, we
the realization of its interests. diversification. is only secured via stability become more confident and
12 Best of Bahrain
15. The Royal Family, rulers of the Kingdom of Bahrain
international exhibitions and accordance with specialized the current intense competition to
conferences, as well as home to studies and research. We realize attract direct foreign investment
many important industries such the international geographic and mega-projects. We believe
as oil and gas related industries, importance of the region we live that it is the responsibility of the
petrochemicals, aluminum, in, as a meeting point between State to provide the facilities and
shipbuilding and repair. We East and West, particularly the incentives necessary to attract
continue to attract foreign vital and strategic location of and sustain local and foreign
investments, and you only need the Kingdom of Bahrain within investments alike.
to take a look at the development it. Therefore, we remain keen
and investment projects in the to benefit from our location Today we enjoy a sophisticated
Kingdom to realize the success in further attracting foreign communication network; we
of our policies whether those investment and encouraging have no monopoly in this field.
concerned with sustainable new ideas and initiatives that will The industry is characterized by
development or improving the further strengthen our economies a competitive environment that
quality of life in general. and support our endeavors to recognizes the needs of both the
increase our development and service provider and its users
Your Royal Highness, how our growth rates. with ample opportunities for
do you envision the path for specialized companies to enter.
proud of Bahrainis ability to economic growth in the future? We are also aware that this can
change their reality and open up What are the possibilities of be achieved only by providing We currently have in place three
new prospects for the coming diversifying sources of income a modern infrastructure in the Telecom service providers. We
generations. so as not to depend solely on areas of Communication and are confident that the presence of
oil revenues, banking and the Technology, particularly in these three companies will enrich
Today, Bahrain is a highly visible real estate sectors? Information Technology and the telecommunications sector,
financial and banking centre In order to minimize any risks Telecommunications. We remain contribute to the industry’s
with a leading international that may impede our economic committed to insuring that our development and provide high
status particularly in Islamic and social development, we infrastructures are in accordance quality services for all investment
Banking. Furthermore, Bahrain is constantly review our legislative with international standards and projects in the Kingdom of
a significant centre for services, and economic policies in expectations, especially in light of Bahrain.
Best of Bahrain 13
16. 14 Best of Bahrain
His Royal Highness Sheikh Khalifa bin Salman Al Khalifa,
The Prime Minister of the Kingdom of Bahrain
17. In the same manner in which the extent of development
we are developing our and success witnessed in the
communications, air traffic, sea Kingdom of Bahrain. Yet, we
and land infrastructures, we believe that one of the most
are developing and expanding important indicators in evaluating
the Bahrain International our economic reality is the
Airport in order to enable it to reflection of these achievements
accommodate larger numbers on the Kingdom’s citizens and
of aircrafts and passengers, their well-being.
transferring it into a focal airport As a case in point, in attracting
in the region. Furthermore, we foreign direct investment Bahrain
are developing our ports as well is ranked first between all
to keep pace with the continued Gulf States, and twelfth in this
increase in trade, especially in category on the global level.
transit trade, where the Kingdom Furthermore, according to the
of Bahrain is a main conduit outward FDI Performance Index,
between East and West. These Bahrain ranks as the second
developments are imperative country in the Arabian Gulf States
for growth. The King Fahad and ninth internationally. These
Causeway is also going though rankings confirm, without a
constant development particularly doubt, that we are set on the right
as a land outlet, helping to path and that we have a solid
increase mobility of trade, goods foundation on which to build our
and people between Bahrain, future successes. Image by: Hanan Hassan Al Khalifa
Gulf States and other Countries.
What are the most
The Kingdom of Bahrain has been fundamental economic
internationally recognized as a indicators upon which your
leader in the field of Information Royal Highness depends on in
Technology, ranking 45th from your work as Prime Minister
a list of ‘Country Readiness and Why?
in the field of ICT.’ In addition We always act in accordance
the United Nations Report on with our vision and goals,
E-Government for 2010 ranked particularly the goals designed
Bahrain E-Government as first in to meet the needs of Bahraini
the Middle East, third in Asia and citizens, to provide better
13th Globally. services as inspirited by them,
and to raise to their aspirations
We continue to develop new for the future. In this context, the
ideas, initiatives and proposals Government of Bahrain is based
that add value to our economy on several main economic pillars
and National Income, thus that include, but are not limited
enhancing and advancing the to, the development of living
historic role of the Kingdom of standards, the development
Bahrain in developing world of services and facilities, the
Trade. ongoing development of projects
that bring about added value
Do you believe that the global to the national economy, and
economic indicators obtained attracting investments that
on Bahrain’s economy from contribute to the establishment
specialized international of new projects, which in turn
institutions are sufficient provide more job opportunities
evidence for the success of for Bahraini citizens. involvement, yet this can only be momentum. Therefore, we
your economic policies and are achieved if they enjoy descent accord paramount attention to
significant indicators of future Our ambitions recognize no and secure lives. sustainable development, as
viability? limits when it comes to the we view it as the right approach
Indicators are an important part Kingdom and the well-being of What is the opinion of Your for future growth and the only
of a number of mechanisms citizens. We strive to realize the Royal Highness with regards guarantor to the continuity of our
designed to measure the best results possible, from high to the challenges facing achievements.
success of our policies, standards of living to providing sustainable development in the
especially since they come from the best services possible, Kingdom of Bahrain? We have always believed that
international institutions that specifically in social well-fair, Development is an ongoing investing in human capital
are impartial and specialized. health, education and housing. process and the mechanisms should be at the heart of any
These institutions highlight to We want citizens to realize set for its realization should developmental approach
the world, in accordance with their full potential and to have be constantly reinforced and that investment, in itself,
their predetermined standards, high levels of productivity and to maintain a progressive should remain a state priority
Best of Bahrain 15
18. in the Kingdom of Bahrain. We Having said that, it becomes State Income and thus its income and create more job
are confident in the abilities only natural to refer to some of capital allocation for project opportunities for Bahrainis?
of Bahraini citizens, whom the challenges the state faces development. Yet, we remain Investment is not an end in
we consider to be the real such as resource limitations capable of facing these itself. We strive to improve
and sustainable wealth of the and varying global economic challenges, overcoming them the selection process so that
nation in achieving further circumstances. For example, and indeed moving forward with investments play a significant
developments in all fields. global financial downturns may our sustainable development role in the economy, meet the
affect investment levels and policies. economic needs of the country,
Human development and project building rates, while help transfer technological and
economic development remain increases in global prices for How do you link investment technical skills and support
highly correlated, yet we are basic commodities and goods, in different sectors with the our endeavors to train our
firm believers in the necessity in light of the subsidies we Kingdom of Bahrain strategy manpower in order to increase
to both maintain a balance guarantee our citizens, in turn for Vision 2030? What are their knowledge and skills. With
between the two and realize increase the financial burden other areas of investment this vision in mind, Bahrain
the specific needs of each field of the state. All these matters, you are looking to go into has devised many investment
individually. directly and indirectly, affect to diversify sources of incentives and has worked to
16 Best of Bahrain
19. improve its overall investment and realize a continued flow of Vision 2030 focuses the future increasing investments including
climate and freedom, leading investments. This is a testament strategy for the development Foreign Direct Investment (FDI).
to an internationally recognized of the general confidence in the of our national economy with Achieving this will, without a
distinctive progress in the field. Bahraini economy and in the international competitiveness in doubt, lead to an increase in
security, appropriateness and mind. In this context, the private our competitiveness and further
Bahrain enjoys a solid economy positive economic climate we sector is to become the catalyst strengthen the capacity of
with good growth rates, which enjoy. Furthermore, it reflects for growth creating, among other Bahrain’s economy to make good
in turn provided us with an the positive response to the things, ample opportunities for use of state of the art technology
advantage during the recent new investment opportunities citizens to work in the private and world-class management
global economic downturn, and patterns we are constantly sector also helping in turn limit techniques. We are sparing no
allowing us to be more positive introducing and developing, the high interest in governmental effort to attract investment to
while realistic and balanced in capitalizing on what makes and public sector employment. other sectors in addition to the
our outlook throughout the crisis. Bahrain’s comparative advantage existing sectors of banking,
The Kingdom of Bahrain was in particular its investment Furthermore, our national industry and real estate. At
able to avoid to a large extent incentives and its legislative and strategy gives great importance present, we have the promising
the negative impacts of the crisis judiciary infrastructure. to further encouraging and sector of tourism, where Bahrain
Best of Bahrain 17
20. HRH awarded with “The Special Citation of has become the preferred that will be implemented through
the UN-HABITAT Scroll of Honour” from the location for distinct investments the collaboration between the
UN Secretary General, Geneva 2007 in tourism, these rose to more Government and Bahrain’s
than $12 billion in the current Economic Development Board,
decade, compared with only headed by His Royal Highness
$500 million in the nineties. Prince Salman bin Hamad Al
Khalifa, Crown Prince and Deputy
As a tourist hub the Kingdom Supreme Commander.
of Bahrain attracts more than There will also be a
3.7 million visitors a year. The continuous monitoring of
contribution of the tourism sector the implementation process
to Bahrain’s national income is including the detailed plans
therefore approximately 9 percent contained therein. We all, as
with average annual revenue of institutions in the Kingdom of
one billion U.S. dollars. These Bahrain, collaborate in great
achievements have been made harmony so as to realize our
possible by the successful main objectives which in turn
tourism sector development serves the country’s interests.
polices the Government has Our aim is to integrate and
put into place and firmly standardize without any overlap
implemented. or conflict. Our vision is clear
and our way forward is to review
What strategy does your what has been achieved in the
government employ in order to past, build on these successes
ensure that Vision 2030 serves with a clear focus on the future.
the truest interests of Bahrainis
as a whole? We believe that in any economic
We have specific mechanisms reform, the public sector
emanating from Vision 2030 itself cannot replace the role of
18 Best of Bahrain
21. the private sector. Thus, the We accord substantial attention
private sector should play the to youth healthcare in order
central role in managing the to insure that our young
development process and must generations grow strong,
further expand its particular role disease free, highly productive
on the domestic and regional and distinctively creative and
fronts alike. innovative. Furthermore, we
provide youth sports and
Your Royal Highness, what social centers, giving them the
are the scenarios for the opportunity to channel their
future as you see them for the energy and prepare themselves
youth of Bahrain? for the future whereby they
The youth are half of the are better able to contribute to
present and all of the future. their country’s progress and
We are preparing them to take prosperity.
responsibility with integrity. To
meet this end, we continue We have centers for fostering
to develop our educational talent and integrating people
system and link our educational with special needs into the
curriculums with labour market educational process, as part
needs. We have managed to of a boarder plan to integrate
decrease unemployment rates and incorporate their abilities
to their lowest level thus far, in society. We are also proud
4 percent. We concentrate of the prevalence of several
on training, which in turn, will public and private universities
enable young people to engage in the Kingdom of Bahrain
in the labor market and meet that seek to provide the best
the needs of the Kingdom in levels of education not only HRH awarded with “UNESCO Avicenna Gold Medal “
various disciplines. for our youth but for the youth from UNESCO Director General, Paris October 2009
Best of Bahrain 19
22. of neighbouring countries and Resources, Environment and
other foreign resident children Wildlife Monitoring in Bahrain,
from around the world. confirms that emissions in
the Kingdom are in line with
In light of the global challenges international standards.
of climate change, what are the Furthermore, we are among
steps taken by the Kingdom of the countries that take the
Bahrain to protect the natural protection and the reservation
heritage and to ensure the of the environment seriously. In
use of low-carbon energy in this regard, we have decisive and
the various institutions and outstanding legislations.
enterprises?
In the Kingdom of Bahrain we How do you see the
have a formal body to protect participation of your country in
the environment, which monitors growth at the global level and
the emission rates of factories what role do you think that your
and takes the necessary action government has in this area?
to reduce these emissions We are part and parcel of this
where found. Furthermore, we world and we are proud of our
contribute actively in various effective role, in collaboration
regional and international forums with friends in all countries,
to find solutions to climate to reach a more secure and
change challenges and to ensure stable world; where relations are
that the Kingdom of Bahrain is characterized by mutual respect,
aligned with any procedures that free from conflict and tension,
have been agreed upon globally. which have caused serious
HRH awarded with the “King Abdulaziz Medal”, The findings and indicators, as a damage to the development
an honour given to world leaders from King result of the Public Commission plans in many parts of the
Abdullah, Riyadh April 2009
for the Protection of Marine contemporary world.
20 Best of Bahrain
23. The inaugural Bahrain International Airshow (BIAS) 2010
There are common challenges brought about tremendous
facing all countries worldwide, global convergence, further
where agreements are necessary blurred barriers between nations
to achieve crucial goals such and made distances more
as; sustainable development, manageable. We truly all live now
economic diversification, job in one global village, with only
creation, quality education and geographical spaces to separate
health for all. us.
Bahrain’s economy, especially as Let us reiterate the call to the
being one of limited resources, is entire world, to fully cooperate
highly interlinked with those of its to improve the circumstances in
neighbours as well as with world the least developed and poorest
oil markets. We are working to countries, to renounce violence
expand our options, particularly and eschew conflicts and wars
in banking and tourism. Yet, that can never bring peace and
despite our limited resources our tranquility to the world.
economic growth remains high,
diversified and thus enhancing Unless all of us respect human
our status on a world wide scale. rights, work to improve the lives
of people everywhere, free from
We are confident that no State the prejudices of racism and
alone can make a unique ethnocentrism, the elimination
achievement in the world. of tension and widespread
On the contrary, international poverty will not be achieved. We
cooperation is, without a are all part of this world and so
doubt, the driving hallmark progress and development is the
of today’s world. Indeed, the responsibility of us all without
communication revolution, which exception.
Best of Bahrain 21
24. Bahrain Overview
The pearl of the Gulf, Kingdom of Bahrain is a small island-nation located just
off the Arabian Peninsula. With its name meaning ‘the two seas’, this land
was once considered by the ancient Sumerians to be an island paradise for
the wise and the brave who were transported there to enjoy eternal life.
The Al-Fateh Mosque located next to the
King Faisal Highway in Juffair, Kingdom of Bahrain
22 Best of Bahrain
25. More recently, the Kingdom of kilometre causeway which opened modernity, symbolising a beacon
Bahrain has achieved fame as in November 1986, creating easy of progress in the Arab world.
one of the first Gulf States to access for many businessmen
discover oil. Since the Al Khalifa who live in the Kingdom of Head of State :
family began ruling the country Bahrain and work in Dhahran in H. M. King Hamad bin Isa Al Khalifa
in 1783, the country has been the Kingdom of Saudi Arabia’s
moving towards creating a local Eastern Province. The island was Official Name: Kingdom of Bahrain
identity that marries tradition and once known as Dilmun and was
modernity, symbolising a beacon of home to an ancient civilisation Capital City : Manama
progress and humility in the Arab that played a central trading role
World. between the peoples of the Indus Area : 665 sq km
Valley (now India) to the south
Best of Bahrain and Mesopotamia (now Iraq) to Population Approx : 720,000
The Kingdom of Bahrain is an the north. Dilmun’s capital was
archipelago comprising 33 islands a major port whose remains are Time Zone : UTC+3
located in the Persian Gulf ruled visible today at the UNESCO World
by the Al Khalifa dynasty since Heritage Site of Bahrain Fort (Qal’at Official Languages : Arabic &
1783. Bahrain became a British al Bahrain). English
protectorate in the 19th Century The Kingdom also features in
and gained independence in one of the world’s oldest and most Official Religion : Islam
1971.The current ruler, His Royal enduring pieces of literature – the
Highness King Hamad bin Isa Al Epic of Gilgamesh, where the Currency : Bahraini Dinar (BHD)
Khalifa, assumed the throne in island was home to the source of
1999 and instituted a process eternal youth. The tale is believed Country Dialling Code : +973
of democratic reform. Through to refer to the pearls from the
the change to a constitutional shallow Gulf waters, which were People Age Ratio : 0-14 years:
monarchy in 2002 his title went one of the Kingdom of Bahrain’s 26.4%, 15-64 years: 69.8%, 65
from Emir to King. Since that biggest exports for generations. years and over: 3.8%
time, the Kingdom of Bahrain has In more recent years, the
moved from strength to strength Kingdom of Bahrain has been Gender Ratio : 1.25 male/female
through its financial sector and a regional pioneer, particularly
infrastructure development. The as a specialist business and Ethnic Groups : Bahraini 62.4%,
Kingdom of Bahrain is a member financial centre. The Kingdom non-Bahraini 37.6%
of the United Nations, the Arab has a whole series of Gulf ‘firsts’
League, the Gulf Co-operation under its belt - from discovering Religious Affiliations : Muslim
Council and the Organization of the oil, to diversifying the economy, (Shia and Sunni) 81.2%, Christian
Islamic Conference. providing education for both 9%, other 9.8%
males and females from the
Background on Bahrain 1920s onwards and becoming Accommodation
Bahrain is an Arabic word meaning the first democracy with universal The Kingdom of Bahrain
“Two Seas”, referring to two facts. suffrage in the region. Indeed, provides various options
First, the islands are surrounded in the Kingdom of Bahrain, for visitors, from furnished
by two kinds of water; freshwater women are entitled to run for apartments to an impressive
Image by Abdulla M. Al-Khan of Bahrain House of Photography
springs may be found within the parliamentary office. The Royal range of local and international
salty water of the Arabian Gulf. Family has integrated both hotels. The country hosts such
Secondly, the Kingdom of politically and socially throughout well-known hotel names such
Bahrain lies between the southern the world, befriending many as Ritz–Carlton, Banyan Tree,
and northern waters of the Gulf high-profile figures. One such Crowne Plaza, Radisson Blu,
which separate it from the Arabian friendship was with the late ‘King Sheraton and will be extending
coast and Iran. The Kingdom of Pop’ Michael Jackson: on its hospitality with the opening
of Bahrain is located midway his untimely death in 2009 H.M. of a greater range of five-star
between the Qatar peninsula and King Hamad commented that properties by 2012, including
Saudi Arabia. Bahrain Island is 48 “the world has lost a giant in the the Four Seasons, Raffles and
kilometres long and 16 kilometres music industry.” In many ways, Kempinski. Also a current trend
wide. The Kingdom of Bahrain is Bahrain has created a distinctive is the advent of boutique hotels
connected to Saudi Arabia by a 23 identity that marries tradition and such as L’Hotel.
Best of Bahrain 23
26. Health and Beauty
Climate National Flag
Located just off the Arabian The flag of the Kingdom of
Peninsula, the Kingdom of Bahrain Bahrain is made up of a white
is generally considered a hot, arid band on the left, separated
country. While it does see very from a red area on the right by
hot and humid summers (July a zigzagging line. The five white
to September), the Kingdom of points of the line represent the
Bahrain also experiences mild and five pillars of Islam.
pleasant winters (December to
March), making it a much-desired FACTS ON THE KINGDOM
vacation destination for those living OF BAHRAIN
in regions where the winter can be
much harsher. GENERAL INFORMATION
BUSINESS AND ECONOMY
Average Temperature in ˚C
Winter lows: 10 ˚C Banks and Foreign Exchange
Summer highs 36 ˚C The Kingdom of Bahrain is
host to world-class financial
Embassies institutions, including the highly
Most countries are represented in regarded Ahli United Bank,
the Kingdom of Bahrain by their which has won ‘Best Foreign
respective embassies. Exchange Bank in the Middle
East’ for three consecutive
Medical Facilities years. The National Bank
The Kingdom of Bahrain offers of Bahrain also provides
modern medical care and comprehensive banking
medicines through various services. Other financial
hospitals in the country. Two institutions in the country fall
government hospitals and several under the following labels:
private hospitals provide a wide investment banks, commercial
range of medical services. banks, specialized banks,
Many expatriates prefer to offshore banking units, and
attend private hospitals such as money and foreign exchange
the American Mission Hospital in brokers. Islamic Banking is
Manama (www.amh.org.bh). For abundant.
more information please view the
Kingdom of Bahrain Ministry of Credit Cards and Cash
Health website (www.moh.gov.bh). All major credit cards can be
used in the Kingdom of Bahrain.
National Anthem Cash is preferred in the local
“Bahrainona” (“Our Bahrain”) currency which is Bahraini Dinar.
24 Best of Bahrain
27. Doing Business in the Kingdom
of Bahrain
According to the United Nations
Economic and Social Commission
for Western Asia, the Kingdom of
Bahrain has the fastest growing
economy in the Arab world. This
makes it an ideal country for all
types of business ventures. In
the face of the global economic
crisis, the country is diversifying
its economy to ensure its
continued success both locally
and internationally. Additionally,
the Kingdom of Bahrain’s focus
on Islamic banking, which is
becoming increasingly popular,
ensures that it will be one step
ahead of the world in the business
realm. With many international
firms making their home in the
country, the Kingdom of Bahrain is
a tried-and-true option for business
and investment. has made steady progress in the local and international mobility.
Kingdom of Bahrain. Today the The country’s small size allows for
Natural Resources country hosts five dailies, including easy access to almost all parts
Oil is the Kingdom of Bahrain’s two in the English language. of the nation. The government-
major source of revenue, with Regional and international sponsored road network provides
petroleum production and newspapers and magazines also the major link between residential
processing accounting for about circulate in the country. and commercial areas, as well
60% of export receipts, 60% of as connects to airports, seaports
government revenues, and 30% COMMUNICATIONS AND and industrial zones. In terms of
of GDP. TRANSPORT international access, the Kingdom
of Bahrain has no shortage of
THE MEDIA Telecommunications options: various seaports; bridges
The Kingdom of Bahrain (linking the island nation with
Radio has a well-developed Saudi Arabia and Qatar); and
Most radio stations in the Kingdom telecommunications system that the Bahrain International Airport,
of Bahrain are state-run, with has recently been privatized with complete with its own carriers like
the Bahrain Radio and Television several competitive providers Bahrain Air and Gulf Air, provide
Corporation (BRTC) broadcasting including Batelco, Viva, Zain, instant gateways to the world
a general programme in Arabic, Menatelecom and Nuetel. The outside the country’s borders.
a second programme featuring landline phone system connects Buses run regularly with links
cultural and local programmes, most parts of the country, while between most towns to Manama
a Holy Quran programme and mobile coverage stretches across and Muharraq, running from
a sports service, as well as the the island. The Kingdom of Bahrain 5.30am until 9.30pm. Timetable
English language is well-connected; it is fairly easy information is provided at the bus
Radio Bahrain. The country also to get online at internet cafes and terminals.
has a privately owned programme visitors should not have problems The Government has aimed to
for Indian listeners. obtaining internet access from privatise the public transportation
any of the four and five star hotel for the private sector to develop
Television properties. The Bahraini domain the service and raise its efficiency
The Kingdom of Bahrain is eager to suffix is .bh. and effectiveness to fully serve
promote itself as the media hub of The Telecommunications the residents. It is expected that
the Middle East. Locally, the state- Regulatory Authority (TRA) was the development of the public
run Bahrain Radio and Television recently established for protecting transportation will encourage more
Corporation (BRTC) operates five the interests of subscribers and residents from all social sectors to
terrestrial TV networks. users, and promoting effective and use the buses, even if they own
For more information see the fair competition among established cars, to participate in the reduction
Ministry of Culture and Information: and new licensed operators. www. of the number of cars in the roads
www.moci.gov.bh/en/ tra.org.bh/en/ and minimise traffic jams, and also
reduce air pollution, also knowing
Print Public Transport that the Public Transportation
Since the opening of the first As a small island nation, the service provided general benefits
Arabic newspaper daily, Akhbar Kingdom of Bahrain’s transport from economic, social and
al Khaleej, in 1967, print media infrastructure emphasises both environmental aspects.
Best of Bahrain 25
28. Private Transport
Like much of Europe and all of
North America, driving in the
Kingdom of Bahrain is on the right
side of the road. Road rules are
strictly enforced. These include the
mandatory wearing of seatbelts,
speed limits and a zero tolerance for
drink driving. Violators may be fined
on the spot. Rental cars are readily
available but visitors cannot hire a
car using a foreign driver’s license
(other than from GCC countries).
According to Bahraini law, only an
International Driving Licenses is
acceptable and must be obtained
before entry into the Kingdom.
Postal Services
The Kingdom of Bahrain’s Postal
Directorate has established post
offices in many parts of the island
nation, so that contact with the
world is never far away. In addition,
the country makes various
internationally-recognised services
available to its residents to ensure
the highest levels of quality and
efficiency in communicating with the
outside world.
Tourism
With over eight million visitors
a year, the Kingdom of Bahrain
is a popular tourist destination.
Steeped in Arab history while
openly embracing the modern
world, Bahrain offers what Lonely
Planet describes as “an excellent
introduction to the Persian Gulf”.
The country combines traditional
Arabic culture, contemporary Gulf
glamour and the archaeological
legacy of five thousand years of
civilization. It also hosts settlements,
temples and burial mounds from
the ancient civilization of Dilmun,
which dominated trade between
Mesopotamia and the Indus Valley
Civilization.
The government is actively
supporting the tourism industry
by contributing to large-scale
development projects. Various
resorts are planned in the Kingdom
of Bahrain, including the Al Areen
Resort, Dannat Hawar, Durrat Al
Bahrain, Amwaj Islands, Lulu Island,
Riffa Views and Bahrain Bay, soon to
be home to the Kingdom’s first Four
Seasons Hotel. Other prominent
initiatives to increase tourism are
the cultural events organized by the
Image by Latifa Al Shakar, alshakar@gmail.com
Ministry of Culture & Information as
well as the expansion plans of the
Kingdom’s national airport.
26 Best of Bahrain
29. World Heritage Sites
UNESCO has listed one of the
Kingdom of Bahrain’s many
ancient forts, Qalat Al Bahrain, as
a World Heritage Site. Initiated in
2006 under the patronage of His
Royal Highness Prince Salman Bin
Hamad Al-Khalifa, Crown Prince
and Deputy Supreme Commander,
the Investing in Culture project
is aimed at enhancing an active
partnership between the private
and public sectors to financially and
morally support new cultural projects
aimed at human development with
preservation of national identity.
(www.investinginculture.bh). One
heritage site notable to the Kingdom
of Bahrain is the Tree of Life near
Jebel Dukhan.
Tipping
This is prevalent but not as
standardized as in North America.
Many hotels and restaurants include Future of Retail Growth SPORT
a service charge for dinners of 10 There is growth of convenience The most famous sports event
-15 percent though it is customary to foods in the market due to in the country is the Bahrain
leave a small extra tip to the waiting demand for a Western diet. Grand Prix, an annual Formula
staff at the discretion of the patron. US-based Kraft has invested One racing event that takes
Taxi drivers and other service workers in a 60,000 square metre food place at the Bahrain International
will expect small tips of around 10 per processing plant, it’s first in Circuit (BIC). In 2004, Bahrain
cent. the GCC region. With demand organised the Bahrain Grand Prix,
for foreign food and fashion the first FIA Formula One World
Luxury In The City increasing, there is immense Championship event held in the
Located on the ground floor of potential for growth in Bahrain. Middle East that was later awarded
the iconic Bahrain World Trade the “Best Organized Grand Prix”
Centre (BWTC), Moda Mall has SHOPPING DISTRICTS award by the IFA. In 2006, the
attained the status of an ultra- • Seef District Bahrain Grand Prix which is usually
exclusive shopping complex, • Al Ali Mall the third race of the Formula
thanks to its tenants. Offering • Seef Mall calendar swapped places with the
about 16,500 square metres of • Bahrain Mall traditional opener, the Australian
retail space, Moda Mall houses • Marina Mall Grand Prix and opened the
some 160 high-end brands • Dana Mall Formula One calendar. In 2007,
including Louis Vuitton, Emporio • Capital Mall - Bahrain Cultural the BIC became the first circuit to
Armani, Versace, Just Cavalli, Handicrafts) receive the FIA Institute Centre of
Hermes and Stella McCartney, Excellence trophy. The Kingdom of
under it’s roof. Muharraq Bahrain staged the opening race of
Al Kurar House the 2010 season as well.
Hypermarkets in Bahrain To date, the lap record is held
Even though, Bahrain has caught Manama by Michael Schumacher who in
on to the hypermarket model The City Center Mall is possibly the 2004 did a lap record of:
relatively late in the GCC region, biggest with 350 stores, 20 cinema
the pace has been picking up screens, the Middle East’s largest • Lap record 1:30.252 – M
steadily. France’s Auchain and indoor water park, 30 restaurants Schumacher (2004)
the UAE’s EMKE Group have and a large Carrefour supermarket. • Laps 57
expressed interest in establishing The Manama Souk is next to • Circuit Length 5.412 km
their presence in the country. Bab Al Bahrain (the gateway to • Race Distance 308.238 km
The Bahrain City Centre Mall has Bahrain) and it is full of invigorating
been successful in attracting noises and scents. Equestrian
quite a number of tenants who The Kingdom of Bahrain is well-
are major players in the GCC Isa Town Souk - Antiques known for its love of horse-riding
region. Other malls are mostly • Souk Al Haraj – Flea market and equestrian heritage plus
located in the Seef District and • Spice Souk diving and golfing activities. Riding
include Al Ali Mall, Seef Mall, • Gold Souk clubs and events include:
Bahrain Mall, Marina Mall and • Gold City • Amiri Stables, home to many
Dana Mall. • Cloth Souk equestrian events where
Best of Bahrain 27
30. visitors can view some of the Clown fish trigger fish, surgeon Championship at Riffa Views Golf
world’s finest Arabian breeds fish, turtles, rays, lion fish, grouper, Club which is a PGA, 18 hole, par
Awali Riding Club specialises snapper, crayfish and even whale 72 golf course featuring five lakes
in Trail Riding, Show Jumping, sharks can be spot near this reef. and 72 bunkers, plus the option
Polo, Dressage and Cross Caisson wreck is located 20 to play in the evening under the
Country. miles off the coast of the Kingdom floodlit course.
• The Dilmun club was founded of Bahrain. This concrete and steel
in 1974 and has grown into the structure is home to a numerous Desert Sports
premier private club in Bahrain. species of fish. There are many types of desert
Located in Saar, near Budaiya, Fasht najwah is located at 50 activities in the Gulf, whether to
the ‘Dilly’ is a Sports and social nautical miles north of the Kingdom watch or participate in:
club Twin Palms Riding Centre of Bahrain. Najwah is an excellent • Camel riding
is the largest riding and livery dive location for advanced divers • Adventure Drive Arabia – this is
centre Sakhir Racecourse with and photographers. for self drives on quad bikes
its unique Arabic tent design During peak season, Najwah is • Falconry
International show-jumping an excellent location to spot whale
Endurance races sharks. ARTS AND CULTURE
Fifi wreck is located 5 miles off The Kingdom of Bahrain’s Ministry
Scuba Diving the east coast of the Kingdom of of Culture and Information is
Because of its geography, diving Bahrain. This location is especially dedicated to promoting local art
is popular in Bahrain: the warm, popular for night dives. and culture, as well as introducing
Image by Hasan Al Khunaizi, hasan-alkhunaizi@hotmail.com
shallow waters of the Bahrain the community to global forms of
archipelago are teeming with Golf expression. Traditional Bahraini
oyster beds. Scuba diving is Golf can be enjoyed at any level art and culture consists of
generally done from boats and and on one of the oldest courses Quran readings, public poetry
average underwater visibility is in the Gulf to one of the most performances, ceremonial
about five metres. The Scuba innovative. Golf started in the dances, and storytelling. In
Master dive centre in Manama 1930’s with the first three hole golf addition, Bahrainis are well-known
teaches PADI and SDI training in course built next to Jebel Al Dukan for their work in handicrafts
English and Arabic. in the oilfields. like golden jewellery and their
For training, you might like to try craftsmanship as demonstrated in
Popular dive sites in Bahrain Riffa Views Golf Academy. Bahrain their boatbuilding tradition. Local
Bahrain pearl is the finest spot for has hosted some major golf music falls under the Khaleeji
diving in the Kingdom of Bahrain. events such as the Senior Tours category, which is indigenous to
28 Best of Bahrain
31. the Persian Gulf area as a whole of fresh water, desertification,
and mixes Arab, Persian and and pollution from oil production,
African musical traditions. The individuals and groups hope
Kingdom of Bahrain also has a to set the foundations for an
folk dance tradition. The Ardha environmental movement that can
is a men’s sword dance, which keep the Kingdom of Bahrain’s
is accompanied by traditional natural heritage as a blessing for
drummers and a poet, who sings generations to come.
the lyrics.
Drawing by Danny Lawless lawlessconcept@yahoo.ca
International Airport
Environment Bahrain International Airport, Al
As a country that takes the Muharraq, with over 36 airlines
environment seriously, the using the facility.
Kingdom of Bahrain has been On October 8, 2009, it was
working closely with the UN announced that expansion work
on issues of environmental worth BHD 1.8 billion will be
preservation and sustainability. started in 2010 at the airport. In
The United Nations Environment connection to that, Bahrain Airport
Programmes Regional Office Company has received bids from
for West Asia is located in the six companies. Planned over the
Kingdom of Bahrain, and from next 30 years, the expansion is
there works to provide advisory expected to triple the passenger
services, capacity building and capacity to 27 million a year. Two
technology transfer in the priority new terminals will be opened
areas of the region under a series in the next four years as part
of umbrella programmes. of the expansion. The airport
Bahrain Duty Free www.bdutyfree.com
The government, along development plan will also involve
with local and international construction of an air traffic
organisations, is making efforts control tower, cargo facilities, a
to address environmental threats royal flight terminal and road and
in the country, as this is the rail links to the airport.
first step towards long-term
environmental sustainability. By Major Locations
focusing on issues like scarcity Al Muharraq, Al Hadd, Manama, Al
Best of Bahrain 29