logo
Bahraini cos sparkle on the global stage

Bahraini cos sparkle on the global stage

Daily Tribune10-04-2025

Nine local brands shine at Hong Kong Jewellery Show 2025
Export Bahrain successfully concluded its second consecutive participation in the Hong Kong International Jewellery Show 2025, reaffirming its commitment to expanding global opportunities for Bahrain-based businesses in the jewellery and precious metals sector.
Following the success of its previous participation last year, it has continued its efforts to enhance the international presence of local businesses. Through its collaboration with the Hong Kong Trade Development Council (HKTDC), Export Bahrain supported the participation of nine Bahrain-based businesses, effectively increasing the number of participants by 50% from the previous year at the 11th Hong Kong International Diamond, Gem & Pearl Show and the 41st Hong Kong International Jewellery Show. This provided the businesses with the opportunity to showcase their products to a global audience and explore new international markets.
During the event, Export Bahrain facilitated more than 180 meetings for the participating Bahrain-based businesses, averaging 30 daily interactions with buyers from diverse regions including Hong Kong, the People's Republic of China, India, Thailand, Singapore, the United Arab Emirates, the United Kingdom, and Italy. These meetings provided local businesses the opportunity to showcase their innovative business models and the distinctive value they offer to international clients.
Significant opportunities
The participation also resulted in significant opportunities and positive outcomes for the companies involved, including over 15 closed deals and 14 potential deals with manufacturers and suppliers of gemstones and essential raw materials. These agreements aim to foster innovation and business development in the sector. Additionally, the event opened new avenues for collaboration and knowledge exchange, while providing valuable insights into the latest technologies, design trends, and strategies for global market expansion.
The local businesses showcased in the Kingdom of Bahrain pavilion identified numerous promising opportunities and positive outcomes that will enhance their growth and expansion in the region. This participation not only cultivated fruitful regional and global connections but also allowed Bahrain-based businesses to explore the latest innovations and advanced solutions in the jewellery and precious metals industry, including cutting-edge technologies, design trends, and strategies for entering international markets.
Abdullah bin Adel Fakhro, Minister of Industry and Commerce and Chairman of Export Bahrain, emphasized the significance of this participation, stating: 'Export Bahrain's participation reflects the Kingdom's commitment to driving economic growth by supporting the global expansion of Bahrain-based businesses. The jewellery and precious metals sector is a fundamental pillar of national exports, as the presence of local businesses in global markets opens new avenues for growth and provides strategic opportunities for establishing sustainable partnerships. Additionally, Export Bahrain plays a crucial role in empowering local businesses to expand globally as it provides the necessary support, including facilitating access to international markets and enhancing the competitiveness of national products, thereby contributing to greater global economic integration.
Ms. Safa Sharif Abdulkhaleq, Chief Executive Officer of Export Bahrain, highlighted the importance of international exhibitions in promoting Bahraini products, adding: 'This successful participation underscores Export Bahrain's commitment to empowering Bahrain-based businesses by providing them with the necessary tools and platforms to enhance their global competitiveness. The deals and partnerships secured during this event will contribute to the long-term growth of exports and reinforce Bahrain's position as a leading hub for jewellery and precious metals.'
Partnerships
The participating Bahraini companies emphasized the significant value derived from this opportunity. Mr. Masood Jassim, PR Manager of Tababat Albahrain Jewellery, stated: 'This exhibition served as a pivotal platform to strengthen our brand's global presence and establish direct connections with international buyers. We are currently in advanced discussions to secure key strategic partnerships that will drive our expansion beyond the region, reaffirming the critical role of such platforms in fostering long-term growth and global competitiveness.'
Ms. Fajer Al-Hashel, Founder of JeeJewels, added: 'Our participation in this exhibition, supported by Export Bahrain, provided us with a valuable opportunity to establish connections with key suppliers and industry partners, strengthening our business growth and market positioning. Furthermore, it has opened new prospects for expansion into the Japanese market, highlighting the significance of such platforms in facilitating long-term international success.'
Mr. Ahmed Alnatei, General Manager at Al Safa Jewellery, commented: 'The Hong Kong Jewellery Show provided us with a strategic platform to engage directly with a diverse range of buyers and suppliers, allowing us to explore new partnerships. We have already initiated negotiations on several promising deals to introduce new and innovative collections that align with our customers both locally and internationally.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Al Salam Bank Bahrain closes $450m AT1 capital issuance
Al Salam Bank Bahrain closes $450m AT1 capital issuance

Trade Arabia

time2 hours ago

  • Trade Arabia

Al Salam Bank Bahrain closes $450m AT1 capital issuance

Al Salam Bank has announced the successful closure of its $450 million additional Tier 1 (AT1) capital issuance, reflecting strong investor confidence in the Bahraini bank's financial strength and long-term growth strategy. The issuance, which was structured as a private placement and advised by ASB Capital (the Group's asset management and investment banking arm headquartered in the DIFC), attracted substantial demand from regional and international investors. The AT1 Capital issuance forms a key initiative within the Group's broader financial optimisation strategy, enhancing its capital position to support future growth plans. Following market leading annual growth exceeding 35% across balance sheet metrics, the issuance was designed to further enhance the Group's financial standing and capitalization profile. The issuance also underscores the bank's commitment to sustainable growth and financial resilience, positioning it as a leading and diversified financial group in the region. The significant investor demand highlights the Group's ability to access liquidity from regional and global markets, reflecting strong investor confidence in the Bank's strategy and financial position. ASB Capital was mandated by Al Salam Bank to advise and structure the issuance. As part of its Capital Markets offering, ASB Capital provides innovative and tailored financing solutions to meet the evolving needs of clients by leveraging market expertise and strategic partnerships. Most recently, ASB Capital was also appointed as a joint lead manager by Bapco Energies in Q1 2025 for its $1 billion Sukuk issuance. Rafik Nayed, Group CEO of Al Salam Bank and Managing Director of ASB Capital, said: "The overwhelming response to our $450 million AT1 Capital issuance is a testament to Al Salam Bank's financial stability, market credibility, and strategic direction." "Since 2020, we have consistently increased our total equity by more than 65%, and this issuance further strengthens our capital base and enhances our financial agility to execute our ambitious growth aspirations," stated Nayed. "We have recently rolled out an aggressive growth strategy across all Group companies. We are confident that the Group is well positioned to continue creating sustainable shareholder value," he noted. Nayed highlighted ASB Capital's ability to attract substantial investor demand, despite global market volatility, spotlighting the team's capabilities in the Capital Markets space. "By focusing on efficient capital raising and tailored financing solutions, ASB Capital connects clients to a broad network of funding sources, enabling them to adapt to market conditions and achieve growth aspirations," he stated.

UiPath appoints Sara Al-Alsheikh as Regional VP for Saudi Arabia
UiPath appoints Sara Al-Alsheikh as Regional VP for Saudi Arabia

Trade Arabia

time7 hours ago

  • Trade Arabia

UiPath appoints Sara Al-Alsheikh as Regional VP for Saudi Arabia

UiPath, a global leader in agentic automation, has appointed Sara Al-Alsheikh as Regional Vice President (RVP) and Managing Director for Saudi Arabia, Kuwait, and Bahrain, amid rising demand for AI-powered automation adoption across the Gulf. Al-Alsheikh will lead UiPath's go-to-market and customer success strategy across Saudi Arabia, Kuwait, and Bahrain and act as Managing Director of the UiPath regional hub, headquartered in Riyadh. She will focus on accelerating growth in key sectors such as government, banking, oil and gas, and others, strengthening UiPath's partner ecosystem, and driving customer success across large-scale digital transformation initiatives, the company said. Agentic Automation Momentum The Gulf region is experiencing a significant surge in digital transformation initiatives, with organisations increasingly adopting advanced automation technologies to enhance efficiency and competitiveness. UiPath is at the forefront of this evolution, enabling local businesses and governments to develop and orchestrate complex AI-powered automation deployments through seamless integration of AI agents, software robots, and human collaboration. Thanks to her exceptional track record of success having worked closely with UiPath customers in the region since joining in 2023 as Director of Public Sector and Public Investment Fund (PIF), Al-Alsheikh's appointment aligns with this momentum. Furthermore, it is placing UiPath in a solid position to further support the Gulf's ambitious Vision 2030 objectives by fostering innovation and driving sustainable growth across key sectors, while also supporting gender inclusion goals, the company said. With over a decade of experience at global technology firms including HP, IBM, and SAP, she represents a new generation of Saudi leaders driving innovation, inclusion, and sustainable growth across the region's technology landscape. "Sara's leadership is a strategic asset for UiPath and a symbol of what's possible when talent, vision, and inclusion intersect," said Zakaria Haltout, Area Vice President Middle East and Africa at UiPath.

Gulf Air celebrates launch of debut flight to Nairobi
Gulf Air celebrates launch of debut flight to Nairobi

Trade Arabia

time11 hours ago

  • Trade Arabia

Gulf Air celebrates launch of debut flight to Nairobi

Bahrain's national carrier Gulf Air today (June 3) celebrated its inaugural flight to Nairobi, Kenya, with special events held at Jomo Kenyatta International Airport (NBO), marking the re-establishment of a vital link to the capital city. The Nairobi route, which was last served by the airline in 2012, is a strategic addition to Gulf Air's network, supporting its expansion into new markets and providing enhanced connectivity for both business and leisure travelers between Bahrain, East Africa, and beyond. Upon arrival at Jomo Kenyatta International Airport (NBO), the flight was welcomed with a water salute, followed by a ceremonial reception attended by Gulf Air and Jomo Kenyatta International Airport (NBO) representatives, said the Bahraini airline in a statement. Gulf Air's new Nairobi service enhances the travel experience for passengers, offering convenient connections and more choices, as part of the airline's broader network strategy, it stated. Gulf Air Group CEO Jeffrey Goh said: "The launch of our Nairobi service marks a significant milestone in Gulf Air's strategic growth journey." "Africa represents a key growth market for the airline, and our expansion into the continent reflects our long-term vision to build a broader, more connected network that meets the evolving needs of our passengers and contributes to our regional development," he stated. Welcoming Gulf Air back to Nairobi, Kenya Airports Authority Managing Director Nicolas Bodo said: "This renewed partnership not only strengthens the ties between Kenya and the Kingdom of Bahrain, but also reaffirms Nairobi's position as a gateway to Africa."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store