Non-oil sectors reach 86 percent of GDP
His Excellency Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, reaffirmed Bahrain's commitment to financial sustainability and inclusive growth during the opening session of the 'Towards Inclusive and Sustainable Economic Development' forum held on Sunday.
Organised by the Shura Council, the session served as a platform to discuss the Kingdom's core economic strengths and long-term development goals.
The forum was attended by senior figures including H.E. Ahmed bin Salman Al Musallam, Speaker of the Council of Representatives, and H.E. Ali bin Saleh Al Saleh, Chairman of the Shura Council.
Leadership Vision
H.E. Shaikh Salman credited Bahrain's economic milestones to the strategic leadership of His Majesty King Hamad bin Isa Al Khalifa and the support of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.
He stressed that these achievements were shaped by forward-looking financial and economic policies designed to secure fiscal health, drive sustainable development, and enhance national competitiveness.
His Excellency the minister pointed to the Kingdom's Economic Vision 2030, launched in 2008, as a guiding framework in Bahrain's transition from an oil-dependent economy to a more diversified and globally integrated economic system.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
an hour ago
- Daily Tribune
Seef Mall reimagines future
TDT | Manama Seef Properties has announced a bold relaunch plan for Seef Mall in the Seef District, aiming to reimagine the Kingdom's oldest mall for a new generation. Over the next two years, the destination will undergo a phased transformation blending retail, entertainment, and lifestyle spaces under a modern, climate-aligned vision. The redevelopment begins with a facelift to the jewellery section to match Bahrain's growing appetite for luxury. Global fashion brand Kiabi, making its debut in the country, will be among several new international names setting up shop at the mall. Family and fun A major draw will be the revival of Magic Island, now reborn with over 3,900 square metres of themed fun and 600 square metres dedicated to immersive games for children. A separate 2,500-square-metre youth zone will offer creative and recreational programming tailored to the tastes of Gen Z and families alike. Dining, too, is getting a makeover, with indoor-outdoor concepts designed to enhance the visitor experience. Upgraded parking and green spaces, including shaded walkways and family gathering zones, aim to improve access and comfort. Sustainability push More than a cosmetic overhaul, the redevelopment embeds climate goals into its core. Energy- and water-saving technologies will be introduced to cut the mall's carbon footprint, supporting Bahrain's 2060 net-zero ambition. 'This strategic redevelopment reflects our long-term vision,' said Ahmed Yusuf, CEO of Seef Properties, noting the project's alignment with both market trends and national economic development. Future focus Seef Mall, which pioneered integrated shopping and entertainment in Bahrain, now seeks to redefine what it means to be a destination in a post-pandemic, eco-conscious era. As retail pivots toward immersive and sustainable experiences, this makeover positions Seef Mall to remain at the forefront of the region's evolving consumer landscape.
Daily Tribune
an hour ago
- Daily Tribune
Bahrain gets exclusive Arabic Jewellery brand as Malabar expands retail concept
TDT | Manama Bahrain has been chosen as one of only two Gulf countries to host two showrooms of a new jewellery brand dedicated exclusively to Arabic designs, following a regional rollout by Malabar Gold & Diamonds. The new concept, branded 'Mojawhraty by Malabar', was launched across six locations in the GCC, with outlets in Bahrain, the UAE, Saudi Arabia and Oman. Bahrain now hosts two branches, at Bahrain City Centre and Bab Al Bahrain, making it a key destination in Malabar's regional strategy to serve Arab consumers. Cultural identity The initiative marks a significant shift in the retail giant's strategy, as it moves beyond general collections to offer a niche brand focused entirely on Arabic jewellery traditions. The designs available under the Mojawhraty brand are crafted in 18K, 21K, and 22K gold, and also feature certified natural diamonds. Malabar Group Chairman M.P. Ahammad said the concept was part of the company's larger goal of becoming the top global jewellery retailer. 'Expanding our design portfolio across diverse cultural and value chains is a key focus. With six showrooms across the GCC and more on the horizon, we are confident that Mojawhraty by Malabar will be welcomed with open arms by jewellery lovers in the region,' he said. Arab appeal According to Malabar officials, the new format aims to reflect the preferences of modern Arab consumers while staying rooted in heritage. 'The rich legacy of Arabic jewellery and its profound cultural relevance has long inspired us,' said Abdul Salam K.P., Vice Chairman of Malabar Group. 'With Mojawhraty, we have created a distinct platform that will offer customers an immersive and personalised retail experience focused exclusively on Arabic design traditions.' Each piece is backed by the 'Mojawhraty Promise', which includes benefits such as guaranteed buyback, lifetime maintenance, 100 percent value on diamond exchange, and exclusive use of certified stones. Further growth The brand plans further expansion across the region, with company officials confirming that the GCC debut is only the beginning of what they described as an 'ambitious growth roadmap.' The launch of Mojawhraty follows Malabar's ongoing efforts to strengthen its international retail footprint. The group currently operates more than 400 showrooms across 13 countries, with annual revenues exceeding $7 billion.
Daily Tribune
a day ago
- Daily Tribune
Bahrain-Russia Relations Strengthened Through Parliamentary Cooperation, Says HM King Hamad
His Majesty King Hamad bin Isa Al Khalifa warmly received His Excellency Ali bin Saleh Al Saleh, Chairman of the Shura Council, today at Al-Sakhir Palace. The meeting came after the successful official visit led by the Chairman and a delegation of Shura Council members to the friendly Russian Federation. During the meeting, King Hamad emphasized the deep and historic friendship between the Kingdom of Bahrain and Russia. He highlighted the shared commitment to continuously strengthen bilateral relations across various fields, especially in legislative and parliamentary cooperation. The King also praised President Vladimir Putin's role in supporting and developing these growing ties. His Majesty appreciated the productive discussions held by the Chairman and his delegation with senior Russian officials, as well as the signing of a memorandum of understanding on parliamentary cooperation between Bahrain's Shura Council and the Federation Council of the Russian Federal Assembly. This agreement is expected to boost parliamentary relations, enhance collaboration, and promote exchange of visits and expertise for mutual benefit. Chairman Ali bin Saleh Al Saleh provided His Majesty with a briefing on the key outcomes of the visit. He expressed great pride in Bahrain's elevated international standing, which he attributed to the wise vision and leadership of King Hamad bin Isa Al Khalifa.
