logo

Tender Board opens hotline to help SMEs in Bahrain

Zawya23-06-2025
Bahrain - The Tender Board has launched a dedicated hotline to provide technical support and guidance for small and medium enterprises (SMEs) wishing to participate in government tenders and auctions.
This initiative reflects the board's commitment to supporting SMEs by clarifying procedures and helping them submit compliant and competitive bids.
Electricity and Water Affairs Minister and Tender Board chairman Yasser Humaidan said that the hotline aims to create a more inclusive and supportive business environment, helping SMEs compete more effectively for public contracts.
He noted that supporting SMEs is essential to Bahrain's goals for sustainability and economic diversification.
Tender Board secretary general Jamal Al Alawi added that the initiative is part of ongoing efforts to strengthen partnerships with SMEs in line with national directives to support this vital sector, which plays a key role in sustainable economic development.
The Tender Board encouraged SMEs to make use of the new service by contacting the hotline team during working hours for clarification on procedures to facilitate their participation in government tenders.
Contractors and suppliers in the private sector can contact the board's specialists at 17566633 during official working hours or via sme.info@tenderboard.gov.bh for inquiries related to tendering procedures and to receive necessary support.
Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GCC assets under management reach $2.2tn in 2024, shows report
GCC assets under management reach $2.2tn in 2024, shows report

Gulf Business

time8 minutes ago

  • Gulf Business

GCC assets under management reach $2.2tn in 2024, shows report

Image: Getty Images/ For illustrative purposes The Gulf Cooperation Council's (GCC) asset management industry grew to $2.2tn in assets under management (AuM) in 2024, representing a 9 per cent increase from the previous year, according to Boston Consulting Group's ( From Recovery to Reinvention. The report highlights Saudi Arabia and the UAE as the principal contributors to retail mutual fund growth, while Abu Dhabi and Kuwait's sovereign wealth funds (SWFs) manage the largest volumes of assets in the region. Lukasz Rey, MD and partner and Middle East head of Financial Institutions at BCG, said: 'The next decade's leaders will be those who redefine their future, not just endure challenges. The region's 9 per cent AuM growth in 2024 underscores its rising prominence as a hub for institutional and retail capital. 'With Saudi Arabia and the UAE anchoring regional momentum, the GCC's strategic diversification and SWF dominance signal a future where local asset managers could rival global giants. Recent market volatility offers a chance for change, prompting asset managers to move from recovery to innovation — reimagining value delivery, client engagement, and business operations.' GCC AUM: revenue growth driven by market performance Revenue growth in 2024 was primarily driven by market performance rather than investor inflows, underscoring the industry's vulnerability to external forces. The report also noted that persistent fee compression, shifts in investor preferences, and digital disruption are pushing firms to redesign business models, accelerate cost innovation, and sharpen strategic focus. Mohammad Khan, MD and partner at BCG, added: 'The GCC's asset management industry has demonstrated remarkable resilience and strategic growth, achieving $2.2tn in AuM in 2024. With Saudi Arabia and the UAE driving retail mutual fund expansion and Kuwait and Abu Dhabi leading in sovereign wealth fund dominance, the region is steadily establishing itself as a global financial powerhouse. This growth reflects not only recovery but a strategic pivot towards innovation and operational excellence. The next decade will be defined by asset managers who prioritize client-centric transformation, technological advancement, and leaner business models, positioning the GCC as a formidable force capable of rivaling global industry leaders.' Three factors driving the industry The BCG report identifies three forces reshaping the industry globally: Opportunities to create new products in response to changing investor demands – Asset managers can expand into actively managed ETFs, model portfolios, and separately managed accounts, as well as deliver private assets to retail clients. Retail access to private markets has expanded more than fivefold over four years, surpassing $300bn, driven by demand for better risk-adjusted returns, though regulatory hurdles and investor education remain key challenges. A critical need for consolidation and digital transformation – Strategic partnerships and mergers and acquisitions are enabling firms to gain scale, broaden offerings, and build technological capabilities. Large asset managers can lower costs through technology synergies and operational efficiency, while those managing less than $300bn must focus on leaner models. A renewed focus on cost – Operational efficiency, enhanced decision making, and client engagement are key priorities. Generative AI is emerging as a critical tool for process automation and product delivery, particularly in illiquid and alternative assets, and is being deployed across front, middle, and back offices. Nabil Saadallah, MD and partner at BCG, said: 'While currency adjustments and methodology revisions cloud historical comparisons, the consistency of 9 per cent annual growth across the GCC reveals a resilient market. Pension funds and SWFs, led by Saudi and Kuwaiti institutions, are quietly reshaping the region's financial architecture, blending tradition with global asset management rigour. Notably, cost discipline is now a strategic focus, with firms prioritising unique value creation, embracing lean practices, and investing heavily in transformative technologies.' Read:

FNC, US Embassy discuss strengthening parliamentary cooperation
FNC, US Embassy discuss strengthening parliamentary cooperation

Emirates 24/7

time8 minutes ago

  • Emirates 24/7

FNC, US Embassy discuss strengthening parliamentary cooperation

- Dr. Ali Rashid Al Nuaimi, Chairman of the Defence, Interior and Foreign Affairs Committee at the Federal National Council (FNC), met with Anne Slack, Political Counsellor at the US Embassy in Abu Dhabi, along with several other embassy officials. The meeting reaffirmed the strength of bilateral relations and the deep-rooted strategic partnership between the UAE and the US, which spans more than five decades. Both sides noted the rapid development of cooperation in various sectors, including economy, investment, energy, defence, and security, in line with the aspirations of the leadership and peoples of both friendly nations, and serving their mutual interests. Discussions also covered the latest political developments in the region and globally, as well as joint efforts by the two countries to advance development, peace, and stability at the regional and international levels. The two sides emphasised the importance of enhancing parliamentary cooperation by activating parliamentary diplomacy to build bridges of understanding and foster diplomatic dialogue between peoples. This, in turn, strengthens effective partnerships with influential regional and international actors, contributing to political efforts aimed at achieving global security and stability. Follow Emirates 24|7 on Google News.

Egypt: El Badr Investment incurs 15.4% higher losses in H1 2025
Egypt: El Badr Investment incurs 15.4% higher losses in H1 2025

Zawya

time19 minutes ago

  • Zawya

Egypt: El Badr Investment incurs 15.4% higher losses in H1 2025

Arab Finance: The net losses of El Badr Investment and Development jumped by 15.47% to EGP 302,655 in the first half (H1) of 2025 from EGP 262,106 a year earlier, the financial results showed. Meanwhile, the loss per share recorded EGP 0.0132 in H1 2025, compared to EGP 0.0114 in H1 2024. In the first quarter (Q1) of 2025, the EGX-listed company reported 9.70% lower net losses after tax at EGP 118,334, compared to a net loss of EGP 131,053 in Q1 2024. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store