Latest news with #IndustryandCommerce
Biz Bahrain
4 days ago
- Business
- Biz Bahrain
Industry Ministry launches commercial bank account opening service
As part of its ongoing efforts to develop the business environment and enhance compliance with regulatory decisions, the Ministry of Industry and Commerce has announced the launch of a new service in collaboration with several local banks. This service enables business owners to easily open a commercial bank account, contributing to the stability of commercial activities. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, emphasised that this step reflects the Ministry's continuous commitment to establishing a flexible, transparent, and investment-friendly business environment. It also highlights the Ministry's dedication to providing efficient services that facilitate doing business and support business owners in complying with relevant regulations. He noted that the Ministry will continue to develop more initiatives to support the national economy. The Minister added that this new service is part of an integrated set of initiatives aimed at simplifying procedures, achieving the highest levels of legislative compliance, and enhancing the efficiency of government services provided to the commercial sector, thereby boosting Bahrain's competitiveness regionally and internationally. This initiative comes in line with the implementation of Ministerial Decision (43) of 2024 regarding payment regulations for commercial transactions of business establishments, which mandates all commercial establishments to open a unified commercial bank account for their financial transactions and provide approved electronic payment methods that support transparency and digitisation in commercial activities. To simplify the process, a direct service point has been established on the second floor of the Bahrain Financial Harbour, near the Bahrain Investors Centre. Additionally, the service can be accessed online via the commercial registration system 'Sijilat' at The Ministry urges all commercial establishments to open a commercial bank account before the deadline on June 13, 2025, to ensure full compliance with the resolution and benefit from the provided facilities. For more information, please contact: [email protected] or call 80008001. BNA(R)
Daily Tribune
16-05-2025
- Business
- Daily Tribune
The Metal Assay Center wins gold classification 'Taqyeem 5'
The Ministry of Industry and Commerce's Metal Assay Center has been awarded the gold classification 'Taqyeem 5' in the Government Service Centers Evaluation Program, Bahrain's Minister of Industry and Commerce, Abdulla bin Adel Fakhro, announced. The recognition, bestowed upon the center by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, serves as a significant encouragement to further enhance government services to the highest standards, the minister stated. Fakhro affirmed the ministry's commitment to utilizing all available resources and intensifying efforts to improve performance, update systems, and prioritize initiatives aimed at increasing the efficiency of government services provided to beneficiaries. He commended the dedication of all personnel at the ministry's service centers and urged them to maintain this level of achievement, continuously developing their performance to improve service quality and enhance the overall efficiency of government operations.
RTÉ News
12-05-2025
- Entertainment
- RTÉ News
On This Week: Garth Brooks serenades fans and history made for Irish women's soccer
On This Week: Irish Moments from History (12th - 18th May) Welcome to On This Week, where we delve into the standout stories from the years gone by, featuring standout news stories, major sporting events, and pop culture highlights that helped shape Irish life. Here's your dose of Irish nostalgia from 12th - 18th May. This Week In Irish News Ardmore Film Studios was officially opened by Seán Lemass, Minister for Industry and Commerce, who described it as a significant development for the Irish film industry. Since it opened, it's been the base for over 100 films and many successful Irish and international productions such as Braveheart, My Left Foot and Veronica Guerin. 2017: Rare giant squid caught off Dingle An extremely rare giant squid, measuring nearly six metres long, was landed off the coast of Dingle, Co Kerry. The 5.8m (19') squid was caught by the crew of the fishing vessel Cú na Mara during a trawl on the Porcupine Bank, 120 miles west of Dingle. This marked the sixth time said specimens have been recorded since records began almost 350 years ago. This Week In Irish Sports The Republic Of Ireland's women's national team played their first international match, an away game against Wales in Stebonheath Park, Llanelli. The game ended with a 2-3 win for the Irish thanks to a Paula Gorham hat-trick. The team would also play Northern Ireland and France later that year. 2008: Scott Evans becomes first Irish male badminton player to qualify for Olympics Scott Evans became the first Irish male badminton player to qualify for the Olympic Games. It was confirmed he had qualified for Beijing because of his world ranking of 43. The Beijing Olympics would take place later that year in August 2008, and Evans would later compete in London 2012 and Rio 2016. This Week In Irish Entertainment 1997: Garth Brooks serenades fans in Bray Country music fans in Bray, Co Wicklow, got a special treat when Garth Brooks performed 'Friends In Low Places' for them from the roof of his minibus. During the song, the crowd joined in and sang along. Brooks sold out five consecutive concerts in Croke Park that year, and it was one of the largest concerts ever staged in the country. 2022: Fair City hits the 5,000th episode mark Fair City reached a milestone when it broadcast its 5,000th episode on RTÉ One. The episode featured dramatic scenes where the much-loved character Nora Keogh was knocked down in an incident at Molloy's Car Garage. The soap began 33 years earlier, in 1989, and has been a permanent fixture on Irish television. This Week In Irish Culture 2020: Áine Ní Ghlinn named as Laureate na nÓg Irish language author Áine Ní Ghlinn became the sixth Laureate na nÓg, Ireland's Children's Literature Laureate. She was the first author who wrote exclusively in Irish to be awarded the honour, and she will hold the title from now until 2022. What was Number 1 in Ireland This Week? 1970: 'All Kinds of Everything' by Dana The first Irish singer to win the Eurovision in Amsterdam 1970, Dana's song became an international hit. 1983: 'True' by Spandau Ballet The title track from the band's third studio album, True reached number one in several countries, including the US, where it became their first song to reach the Billboard Hot 100. 1990: 'Give It A Lash Jack' by Liam Harrison and the GOAL Celebrities As the Republic Of Ireland soccer team headed to the World Cup finals in Italy, The Gay Byrne Radio show ran a competition to find an anthem with 'Give it a Lash Jack' winning. Irish Celebrities Celebrating Birthdays This Week Domhnall Gleeson (42) Actor who appeared in About Time, Ex Machina, and The Revenant. Enya (64) Singer and composer who is the best-selling Irish solo artist Pierce Brosnan (72) Actor who is best known for playing James Bond in four films, including Goldeneye. Other Irish Trivia From This Week 1968: The time the King of Belgium played hurling On a visit to Ireland in 1968, King Baudouin of Belgium was encouraged to try out the game of hurling. He tried out the game at Áras an Uachtaráin, while instructed by Taoiseach Jack Lynch, who was a five-time All-Ireland Hurling Championship winner. For dignitaries visiting Ireland, it's a tradition for them to plant a tree on the premises, a tradition going back to the 1850s. Looking Ahead Each Monday, On This Week will bring you a mix of stories from the last 75 years, to celebrate Volkswagen's 75 year anniversary, featuring the big news stories, sporting highlights and major pop culture moments. Volkswagen has been part of those unforgettable moments - driving families to milestones, memories, and moments that matter. Join us every week as we look back at the moments of yesteryear.
Gulf Insider
20-04-2025
- Business
- Gulf Insider
Bahrain: Ministry Urges All Businesses to Adopt Electronic Payment Methods'
The Ministry of Industry and Commerce has called on all commercial establishments operating in the Kingdom of Bahrain to begin taking necessary steps to comply with Resolution No. (43) of 2024 concerning payment systems for commercial transactions. The deadline for full implementation is June 13, 2025. Under the new regulation, both existing and newly established businesses are required to open a commercial bank account with a licensed financial institution in Bahrain. Additionally, they must offer at least one electronic payment method, such as a point-of-sale (POS) system, electronic payment gateway, or approved e-payment platforms. His Excellency Mr. Abdullah bin Adel Fakhro, Minister of Industry and Commerce, emphasized the importance of this transition, stating:'We are entering a new era of financial and commercial development in Bahrain. We encourage all businesses to seize this opportunity to modernize their operations and adopt secure, efficient digital payment systems.' He added, 'Resolution No. (43) of 2024 is not only a legal requirement, but also a strategic step toward enhancing financial processes and promoting transparency. We strongly urge all commercial entities to take immediate action to ensure a smooth and secure transition into a more advanced and safe financial environment.' The Ministry's initiative aims to align Bahrain's business ecosystem with international best practices in digital commerce, while also improving the security and efficiency of financial transactions in the Kingdom. Businesses seeking more information or guidance on implementing the requirements are encouraged to contact the Ministry or visit its official channels.
Daily Tribune
19-04-2025
- Business
- Daily Tribune
Ministry Urges All Businesses to Adopt Electronic Payment Methods"
The Ministry of Industry and Commerce has called on all commercial establishments operating in the Kingdom of Bahrain to begin taking necessary steps to comply with Resolution No. (43) of 2024 concerning payment systems for commercial transactions. The deadline for full implementation is June 13, 2025. Under the new regulation, both existing and newly established businesses are required to open a commercial bank account with a licensed financial institution in Bahrain. Additionally, they must offer at least one electronic payment method, such as a point-of-sale (POS) system, electronic payment gateway, or approved e-payment platforms. His Excellency Mr. Abdullah bin Adel Fakhro, Minister of Industry and Commerce, emphasized the importance of this transition, stating: "We are entering a new era of financial and commercial development in Bahrain. We encourage all businesses to seize this opportunity to modernize their operations and adopt secure, efficient digital payment systems." He added, "Resolution No. (43) of 2024 is not only a legal requirement, but also a strategic step toward enhancing financial processes and promoting transparency. We strongly urge all commercial entities to take immediate action to ensure a smooth and secure transition into a more advanced and safe financial environment." The Ministry's initiative aims to align Bahrain's business ecosystem with international best practices in digital commerce, while also improving the security and efficiency of financial transactions in the Kingdom. Businesses seeking more information or guidance on implementing the requirements are encouraged to contact the Ministry or visit its official channels.
