Latest news with #BabAlBahrainForum2025
Daily Tribune
05-05-2025
- Politics
- Daily Tribune
Cabinet Praises National Media, Reviews Economic Growth and Babco Incident Investigation
The Cabinet held its weekly session today at Gudaibiya Palace, chaired by His Excellency Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister of the Kingdom of Bahrain. The session began with high praise for the message of His Majesty King Hamad bin Isa Al Khalifa on the occasion of World Press Freedom Day, in which His Majesty commended the contributions of the national press as a key partner in supporting Bahrain's sustainable development journey. The Cabinet also valued His Majesty's recognition of the government's efforts, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, in embracing modern technologies across sectors and the Ministry of Information's strides in upgrading the media infrastructure. In the same context, the Cabinet marked Bahraini Press Day, expressing appreciation for the pivotal role of national media professionals in advancing the country's comprehensive development under the leadership of His Majesty the King and the oversight of His Royal Highness the Crown Prince and Prime Minister. The Cabinet then commended the local, regional, and international participation in the Bab Al Bahrain Forum 2025, which was inaugurated on behalf of HRH the Crown Prince and Prime Minister by the Deputy Prime Minister. The Cabinet praised the organizational efforts of the Bahrain Chamber of Commerce and Industry, which contributed to the success of the forum and highlighted global confidence in Bahrain's future development vision. On another note, the Cabinet reviewed the preventive measures taken following a safety valve leak at one of the units at Bapco Refining. In line with directives from the Boards of Bapco Energies and Bapco Refining, an independent investigator has been officially appointed to lead a transparent inquiry into the incident. Additionally, a support committee has been formed to facilitate all procedures related to the investigation. The Cabinet expressed its sincere condolences to the families of the employees who lost their lives in the incident and tasked the Minister of Oil and Environment, who also serves as the Special Envoy for Climate Affairs, with overseeing the investigation and updating the Cabinet on the findings and recommendations for appropriate action. The Cabinet also extended best wishes to students across all education levels as they begin their final exams for the 2024-2025 academic year, and directed relevant authorities to ensure a supportive environment for academic success. Cabinet Approvals: A memorandum from the Ministerial Committee for Development and Infrastructure Projects outlining new regulations and additional standards for car parking spaces across various land classifications. A memorandum from the Ministerial Committee for Financial and Economic Affairs and Fiscal Balance on Bahrain's Q1 2024 economic report, showing a 2.6% year-on-year GDP growth at constant prices, driven by a 3.8% increase in non-oil sectors. In Q4 2024 alone, GDP rose 3.4%, with non-oil activities expanding by 4.6%. A memorandum regarding the 16th general review of the IMF quota system. A memorandum on a draft resolution to organize shared human resources services. A memorandum detailing the government's response to three parliamentary proposals submitted by the Council of Representatives. The Cabinet also reviewed the following ministerial reports:
Daily Tribune
30-04-2025
- Business
- Daily Tribune
Vision for Bahrain's Prosperity
TDT | Manama His Excellency Sameer Bin Abdulla Nass, Chairman of the Bahrain Chamber of Commerce and Industry (BCCI), delivered a rousing call for unity, innovation, and resilience at the Bab Al Bahrain Forum 2025 yesterday, setting a bold vision for Bahrain's future under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. Addressing an audience of global and regional leaders, H.E. Nass emphasised the unprecedented transformations reshaping the world's political, economic, and social landscapes. He warned that today's shifting power blocs, trade tensions, and technological disruptions demand a strategic response anchored in foresight, cooperation, and sustainable development. 'In a time of complex and evolving challenges, we carry the responsibility to shape the future with unity and action,' H.E. Nass said, framing Bahrain's role as both a bridge and a beacon for global commerce and innovation. Drawing on Bahrain's rich trading legacy, H.E. Nass stressed that the Kingdom, under the visionary leadership of His Royal Highness, is uniquely positioned to spearhead efforts to build resilient, inclusive, and sustainable supply chains. He hailed the Bab Al Bahrain Forum as a strategic initiative to renew global partnerships and strengthen economic cooperation across regions. H.E. Nass particularly highlighted the critical need for deeper collaboration between the private sector, governments, and NGOs, asserting that with the right policies and partnerships, the region could transform into a global hub for responsible growth and innovation. He also underlined the historic nature of the forum, noting that for the first time in modern memory, leading organisations such as the ILO, WTO, ICC, and the Gulf Cooperation Council General Secretariat had come together in Bahrain under the royal patronage, a milestone that signals Bahrain's growing influence on the global stage. Nass concluded with a firm pledge that the discussions initiated at the forum would not remain symbolic but would be translated into measurable, strategic outcomes, echoing HRH the Crown Prince's call for action-oriented leadership. 2025 Jadara Award Winners Category 1: Customer Loyalty - First Place: House of Annada - Second Place: Lalabella - Third Place: Ping Category 2: Capabilities Building - First Place: Ebrahim Khalil Kanoo - Second Place: Lulu International Exchange - Third Place: Almansoori Dental Category 3: Product & Service Reliability - First Place: Chalhoub & Buhindi - Second Place (Tie): Sinnad & Almoayyed Computers Middle East Category 4: Quality of Food Products - First Place: Al-Faris Factory for Food Packaging -Second Place: Fermendiet for Fermented Food -Third Place: Pamchal Winners of the Customer Loyalty category pose with their trophies at the 2025 Jadara Awards, held under the patronage of HRH the Crown Prince during the Bab Al Bahrain Forum. House of Annada clinched first place, followed by Lalabella in second and Ping in third. Honouring businesses that exemplify trust and operational excellence, the Product & Service Reliability category saw Chalhoub & Buhindi take first place, while Sinnad and Almoayyed Computers Middle East shared second place in this highly competitive segment. Recognised for their efforts in enhancing workforce skills and organisational growth, the winners of the Capabilities Building category take the stage at the 2025 Jadara Awards. Ebrahim Khalil Kanoo earned top honours, with Lulu International Exchange and Almansoori Dental securing second and third places respectively. Winners in the Quality of Food Products category smile for the camera after being recognised for innovation and excellence in food standards. Al-Faris Factory for Food Packaging secured first place, followed by Fermendiet for Fermented Food in second and Pamchal in third.
Daily Tribune
30-04-2025
- Business
- Daily Tribune
On behalf of HRH the Crown Prince and Prime Minister, Deputy Prime Minister inaugurates Bab Al Bahrain Forum
International confidence Shaikh Khalid bin Abdullah highlighted that the prominent local, regional, and international participation in the forum is a clear indication of the international confidence Bahrain holds, underscoring its status as a trusted destination for economic dialogue and shaping future development strategies. Shaikh Khalid bin Abdullah added that the Kingdom remains committed to strengthening its role as an active partner in the global economic system by continuing to enhance the investment environment, adopt best practices, and empower human capital by expanding productive employment opportunities in partnership with the private sector. This comes in line with the positive indicators achieved by the National Labour Market Plan 2023 – 2026, which aims to create quality job opportunities for citizens, positioning them as the optimal choice for employment and meeting national aspirations for sustainable prosperity. Shaikh Khalid bin Abdullah thanked the BCCI for organising the forum, which embodies the Chamber's vital role, rooted in over 85 years of history, in supporting economic development efforts and broadening the horizons of regional and international cooperation. On his part, Sameer bin Abdullah Nass, Chairman of the BCCI, thanked HRH the Crown Prince and Prime Minister for supporting the Bab Al Bahrain Forum 2025. He highlighted the government's commitment to supporting economic initiatives that promote business and encourage dialogue among various economic actors, thereby advancing sustainable development and strengthening Bahrain's position as a leading commercial and industrial hub.
Daily Tribune
22-04-2025
- Business
- Daily Tribune
Bahrain to host Bab Al Bahrain Forum 2025
Under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, the 'Bab Al Bahrain Forum 2025' is set to take place on April 29, at the Four Seasons Hotel Bahrain Bay, under the theme: 'Shaping a Sustainable Future Through Trade and Employment'. The forum is an esteemed international platform bringing together leading decision-makers, representatives of global organizations, economic experts, and entrepreneurs to discuss rapid economic transformations and explore new prospects for trade and the labour market, with a strong focus on innovation and sustainability driven economic models. Chairman of the Bahrain Chamber, Sameer Nass, confirmed that the forum will feature high-level participation from several distinguished international figures, including Minister of Transportation and Telecommunications, Dr. Sheikh Abdulla bin Ahmed bin Abdulla Al Khalifa; Secretary-General of the Gulf Cooperation Council (GCC), Jasem AlBudaiwi; Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, and Director-General of the International Labour Organization (ILO), Gilbert F. Houngbo. The forum will also include a special address by renowned economist and former Greek Finance Minister Mr. Yanis Varoufakis, titled 'Economic Sustainability and Employment Amid Global Challenges.' The opening session, 'Navigating Economic Transformation: The Impact of Shifting Global Blocs on Stability and Growth' will explore the future of multilateral agreements, the balance between regional stability and global growth, and how emerging economies, digital innovation, and green technologies are shaping global supply chains and economic resilience. The second session, 'The Essential Function of the Private Sector and its NGOs in Economic Growth Relative to the Government's Position as Regulator and Service Provider' will focus on the interaction between private initiatives and government policies, the impact of civil society on development, and examples of successful public-private partnerships. It will also address inclusive policy-making in response to global challenges such as climate change and sustainability. This session will feature prominent speakers, including Minister of Industry and Commerce, Abdulla bin Adel Fakhro; Chairman of the Federation of GCC Chambers and Chairman of the Oman Chamber of Commerce and Industry, Sheikh Faisal bin Abdullah Al Rawas; President of the Union of Arab Chambers and President of the Tunisian Union of Industry, Trade and Handicrafts, Samir Majoul; President of the International Organization of Employers, Jacqueline Mugo; President of the U.S. Council for International Business, Whitney Baird; and Head of Trade at the International Chamber of Commerce Valerie Picard. The Bab Al Bahrain Forum 2025 takes place as Bahrain continues to solidify its position as a leading regional hub for trade and investment. This event reflects the Kingdom's deep commitment to advancing international collaboration and fostering dialogue between advanced and emerging economies. Through the exchange of expertise and innovative solutions to global economic challenges, the forum aims to reinforce the foundations for inclusive and sustainable growth for generations to come.
