Latest news with #Bahraini-EgyptianGovernmentalCommitteeforTrade
Zawya
24-02-2025
- Business
- Zawya
Bahrain and Egypt aim to more than double their bilateral trade
Bahrain and Egypt are aiming to more than double their bilateral trade to around $1 billion this year, according to Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa. Current trade volume reached half a billion dollars in 2024. Speaking at a Press conference at the Arcapita Building following the second meeting of the Bahraini-Egyptian Governmental Committee for Trade, Economic, Scientific and Technological Co-operation, Shaikh Salman outlined plans to strengthen economic ties. These include increasing direct flights to facilitate passenger and goods transport, enhancing academic co-operation, and establishing joint customs facilities to support investment and economic growth. The minister highlighted the importance of integration in industry, infrastructure and sustainable economic development to bolster supply chains and achieve self-sufficiency through localising industry. This, he said, would create job opportunities and support economic diversification. Shaikh Salman emphasised the focus on developing tourism by increasing flights and expanding co-operation in financial technology and student exchange programmes. He also announced a business forum in Cairo to encourage co-operation between Bahraini and Egyptian business communities and facilitate investment. The forum will bring together investors and stakeholders to discuss opportunities for enhancing trade and investment co-operation, contributing to the two countries' aspirations for sustainable economic development. The minister reiterated Bahrain's commitment to increasing trade with Egypt, particularly in industry, digital services, and tourism. The Bahraini-Egyptian Governmental Committee for Trade, Economic, Scientific and Technological Co-operation convened its second meeting in Manama earlier under the chairmanship of the Finance and National Economy Minister and his Egyptian counterpart Ahmed Ashraf Kouchouk. Both sides discussed diverse issues pertaining to vital areas like tourism, fintech, renewable energy, artificial intelligence and increasing investment opportunities. The Egyptian minister affirmed keenness to take bilateral co-operation to new heights mainly in the trade, investment and technological fields. Concerning the latest developments regarding mutual recognition of the economic operator programme between both countries, Mr Kouchouk said an array of facilities have been approved to facilitate the foreign trade movement and reduce time and cost to improve the competitiveness of the Egyptian economy. The Egyptian minister underscored the importance of the agreement in reducing the customs clearance time between both countries. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
23-02-2025
- Business
- Daily Tribune
Bahrain and Egypt Strengthen Economic Ties with Expanded Flights and Strategic Partnerships
Bahrain is set to boost tourism and trade with Egypt by increasing flights between the two nations as part of a broader strategy to deepen economic ties. Minister of Finance and National Economy, H.E. Shaikh Salman bin Khalifa Al Khalifa, highlighted this initiative during a press conference in Manama yesterday. The announcement follows discussions at the second meeting of the Bahraini-Egyptian Governmental Committee for Trade, Economic, Scientific, and Technological Cooperation, where officials reviewed ways to enhance bilateral relations. Economic Goals H.E. Shaikh Salman outlined Bahrain's target of raising trade volume with Egypt beyond $1 billion, focusing on key sectors such as industry, digital services, and tourism. Plans are also underway to strengthen collaboration in financial technology and student exchange programmes, reinforcing the strategic partnership between both countries. A business forum in Cairo is also in the pipeline, providing a platform for investors and stakeholders to explore opportunities for trade and investment. The initiative aims to drive sustainable economic growth, leveraging the long-standing relationship between Bahrain and Egypt. Meanwhile, Shaikh Khalid bin Ali bin Abdulla Al Khalifa, Deputy Chairman of the Supreme Judicial Council and President of the Court of Cassation, concluded an official visit to Egypt alongside Attorney General Dr. Ali bin Fadhel Al Buainain. The delegation engaged in high-level talks with Egyptian judicial leaders, including Supreme Judicial Council President Hosni Abdel Latif, Justice Minister Adnan Fangary, and Attorney General Mohamed Shoukry. The discussions focused on reinforcing judicial cooperation, implementing international agreements, and integrating technology into the legal system. A twinning declaration was signed between the Bahraini and Egyptian Courts of Cassation to facilitate judicial knowledge exchange, while an MoU was inked to advance legal training, expertise sharing, and professional development for prosecutors. Strategic Initiatives As part of their visit, Bahraini officials toured the Criminal Research and Training Institute at Egypt's Public Prosecution, gaining insights into its academic and training programmes. They also attended the launch of Egypt's Public Prosecution Training Strategy, a technology-driven initiative designed to develop legal professionals. The engagements underscore Bahrain's commitment to strengthening ties with Egypt across multiple sectors, solidifying their partnership in economic and judicial cooperation for long-term mutual benefit.
