Latest news with #AlKooheji
Daily Tribune
4 days ago
- Business
- Daily Tribune
Chamber Reports Trade Boost
TDT | Manama Trade growth spotlighted at Bahrain-Korea forum Bahrain's trade with South Korea jumped by 15 percent in 2024, reaching over $458 million, the Bahrain Chamber revealed at the seventh Bahrain-Korea Business Forum held on Wednesday in Manama. The forum, hosted at the Radisson Blu Hotel, brought together senior business leaders and government officials from both nations to review achievements and chart future opportunities. Mohammed Abduljabbar Al Kooheji, Second Vice Chairman of the Bahrain Chamber, delivered the keynote address, stressing that the growth in trade reflects a deepening partnership built on trust and long-standing cooperation. Strategic opportunities Al Kooheji pointed to vital sectors such as life sciences, healthcare, tourism, education, financial services, and automobiles as areas ripe for investment and joint ventures. He encouraged Bahraini and Korean businesses to explore these domains to unlock shared value and innovation. He further commended the forum's track record, noting that its continuity signals strong commitment from both sides to strengthen ties through consistent dialogue and collaboration. Diplomatic presence The forum was attended by H.E. Dr. Koo Heonsang, Ambassador of the Republic of Korea to Bahrain, who reiterated Korea's interest in broadening economic and trade cooperation with the Kingdom. Business representatives from both countries also discussed policy alignment and private sector facilitation. Building on momentum Held for the seventh time, the forum continues to serve as a bridge between two dynamic economies, with each edition reinforcing mutual economic goals and setting the stage for future growth. The Chamber's participation underlines Bahrain's drive to leverage regional partnerships for sectoral diversification and post-oil resilience.
Daily Tribune
16-05-2025
- Business
- Daily Tribune
Bahrain Chamber receives delegation from Chinese Manufacturers' Association of Hong Kong
Second vice Chairman of the Bahrain Chamber, Mohammed Al Kooheji, received at the Chamber's premises yesterday a delegation from Chinese Manufacturers' Association (CMA) of Hong Kong, headed by its President , Dr Wingco Lo. Speaking at the meeting, Al Kooheji hailed the bilateral relation between Bahrain and Hong Kong, voicing pride in keenness of both sides on expanding and invigorating business relations to achieve mutual benefits. He touched pace on the role of the Bahran Chamber on Bahrain's economic landscape, noting the similarities between the Bahrain Chamber and CMA in advocating for the interest of member business owners, empowering them to grow their businesses by liaising them with potential business and investment partners. Dr Wingco Lo, thanked Al Kooheji, recalling the visit of Bahrain Chamber's delegation to Hong Kong in 2024 and its positive outcomes in enhancing ties between both sides. Dr Lo touched pace on the advantages of investing in Hong Kong, which serves as the gateway to mainland China and Asian countries. He also called the Bahraini business community to explore opportunities in Hong Kong. The meeting also touched pace on potential areas of cooperation between both sides, particularly in promising sectors including education, ICT, and fintech. Also present at the meeting were Oscar Chow, Honorary Consul of Bahrain to Hong Kong, and Bahrain Chamber's Executive Committee Member Ahmed Sabah Al Saloom, board member Yousif Salahuddin, and head of the Chamber's Industry and Energy Committee, Fareed Bader, and officials from Export Bahrain.
Daily Tribune
27-04-2025
- Business
- Daily Tribune
Shura Council to Review Key Draft Laws on Power Station Funding and Property Registration
Two major draft laws will be reviewed by the Shura Council today, with committees recommending approval for one and rejection of the other. The Financial and Economic Affairs Committee has endorsed a draft law ratifying Bahrain's agreement with the Islamic Development Bank to finance the construction of the New Jasra 400kV Power Station, under Royal Decree No. 86 of 2024. The project aims to strengthen Bahrain's electricity network, meet rising demand, and maintain high service standards. The committee emphasized that the law aligns with broader national efforts to ensure reliable power and water supplies, thus supporting the overall quality of life. Under the financing agreement, the Electricity and Water Authority (EWA) will be responsible for repayment. If EWA fails to meet its obligations, the Government of Bahrain — acting as guarantor — would step in. However, the committee reassured that EWA has a strong record of fulfilling its financial commitments. Separately, the Public Utilities and Environment Committee has advised against amending Article 59 of the 2013 Property Registration Law, which proposed exempting low-income citizens from property registration fees when purchasing homes. While the committee supported the principle behind the proposal, it noted that similar support is already provided through existing legislation. It also warned that fee exemptions could reduce non-oil revenues — a vital source for funding public services and development projects — especially as Bahrain works to safeguard financial stability under its 2025-2026 budget plans. Meanwhile, today's Shura session will also feature a question from Dr. Fatima Abduljabbar Al Kooheji directed at the Minister of Education. Dr. Al Kooheji is seeking details about the ministry's initiatives to prepare students for marriage and family life through educational programs. The minister's written response is scheduled to be delivered during the session.
Bahrain This Week
03-03-2025
- Business
- Bahrain This Week
Bahrain Chamber Highlights AI and Digital Economy in Global Trade
The Second Vice Chairman of the Bahrain Chamber, Mohammed AlKooheji, affirmed that digital platforms have significantly facilitated global trade and economic integration by reducing distances between countries and creating new opportunities for entrepreneurs and small businesses to access international markets. They have also helped lower production costs, enhance competitiveness, improve logistics, and generate new jobs. This came during his participation in the inaugural Business and Investors Conference for Arab Countries, Central Asia, and Azerbaijan, held in Abu Dhabi under the theme 'Towards Sustainable Cooperation and Partnership.' AlKooheji emphasized the importance of adopting artificial intelligence (AI), the digital economy, and scientific research in various economic sectors. During his participation in a roundtable discussion titled 'The Role of AI, the Digital Economy, and Scientific Research in Economic Sectors,' he explained that these technologies represent unprecedented opportunities for Arab countries, Central Asia, and Azerbaijan to diversify their economies, enhance their competitiveness, and address pressing challenges such as resource management and sustainable development. He noted that AI is a powerful tool for economic diversification, as it can improve traditional sectors and develop business operations, in addition to enabling commercial sectors to propose and develop new industries. Regarding key investment areas in AI and scientific research, AlKooheji stated that there are significant opportunities to utilize AI in sectors such as healthcare, manufacturing, food security and smart agriculture, transportation, and logistics services, as well as financial services and financial technology. He called for strengthening cooperation between Arab countries, Central Asia, and Azerbaijan in the fields of AI, the digital economy, and scientific research to achieve sustainable development and economic prosperity in the region. The conference, hosted by 'Investopia 2025,' featured two discussion panels. The first panel, titled 'Regional Corridors and Business Opportunities,' addressed the importance of regional corridors in enhancing global trade, facilitating cross border investment flows, tackling challenges in supply chains, and the role of the multilateral trading system in creating new opportunities for exporters, manufacturers, and investors. The second panel, titled 'The New Economy in the Region: AI, Waste Management, and Food Security,' explored developments in new economy sectors in the region and their role in promoting economic growth and sustainability. It also discussed ways to enhance cooperation to create diverse pathways that encourage countries to invest and expand in these vital sectors, as well as the importance of adopting policies and strategies that contribute to the transition to circular economic models.
Daily Tribune
02-03-2025
- Business
- Daily Tribune
Bahrain Chamber Highlights AI and Digital Economy in Global Trade
The Second Vice Chairman of the Bahrain Chamber, Mohammed AlKooheji, affirmed that digital platforms have significantly facilitated global trade and economic integration by reducing distances between countries and creating new opportunities for entrepreneurs and small businesses to access international markets. They have also helped lower production costs, enhance competitiveness, improve logistics, and generate new jobs. This came during his participation in the inaugural Business and Investors Conference for Arab Countries, Central Asia, and Azerbaijan, held in Abu Dhabi under the theme 'Towards Sustainable Cooperation and Partnership.' AlKooheji emphasized the importance of adopting artificial intelligence (AI), the digital economy, and scientific research in various economic sectors. During his participation in a roundtable discussion titled 'The Role of AI, the Digital Economy, and Scientific Research in Economic Sectors,' he explained that these technologies represent unprecedented opportunities for Arab countries, Central Asia, and Azerbaijan to diversify their economies, enhance their competitiveness, and address pressing challenges such as resource management and sustainable development. He noted that AI is a powerful tool for economic diversification, as it can improve traditional sectors and develop business operations, in addition to enabling commercial sectors to propose and develop new industries. Regarding key investment areas in AI and scientific research, AlKooheji stated that there are significant opportunities to utilize AI in sectors such as healthcare, manufacturing, food security and smart agriculture, transportation, and logistics services, as well as financial services and financial technology. He called for strengthening cooperation between Arab countries, Central Asia, and Azerbaijan in the fields of AI, the digital economy, and scientific research to achieve sustainable development and economic prosperity in the region. The conference, hosted by 'Investopia 2025,' featured two discussion panels. The first panel, titled 'Regional Corridors and Business Opportunities,' addressed the importance of regional corridors in enhancing global trade, facilitating cross border investment flows, tackling challenges in supply chains, and the role of the multilateral trading system in creating new opportunities for exporters, manufacturers, and investors. The second panel, titled 'The New Economy in the Region: AI, Waste Management, and Food Security,' explored developments in new economy sectors in the region and their role in promoting economic growth and sustainability. It also discussed ways to enhance cooperation to create diverse pathways that encourage countries to invest and expand in these vital sectors, as well as the importance of adopting policies and strategies that contribute to the transition to circular economic models.
