Latest news with #Nass
Daily Tribune
23-05-2025
- Business
- Daily Tribune
Bahrain Chamber expands German links
TDT| Manama A call for stronger cooperation in the digital economy and expanded investment links with Germany took centre stage as Bahrain Chamber Chairman Sameer Nass led a high-level delegation to Berlin this week. Speaking at the Arab-German Chamber (Ghorfa) board meeting, Nass underscored the urgent need for joint initiatives to foster innovation-driven growth amid global challenges. Nass highlighted the EURO62.1 billion trade between Germany and Arab nations in 2023, describing it as a solid base for deeper engagement. He noted that Bahrain-Germany trade alone amounted to $656 million during the same period. Digital Focus The Chamber's chairman stressed that digital cooperation must be a cornerstone of future Arab-German relations. 'To sustain economic growth, we need to look beyond traditional sectors and embrace the digital economy,' he said during the event in Berlin. Nass also pointed to significant opportunities to expand trade and investment despite macroeconomic headwinds, suggesting that Germany and the Arab world should jointly explore forward-looking sectors. Strategic Role The Bahrain Chamber delegation took part in the 28th Arab-German Business Forum, which focused on sustainable integration and long-term partnerships. First Vice-Chairman Khalid Najibi addressed the gathering, noting Bahrain's role as an investment gateway to the Gulf. He called for deeper ties with Germany, especially in renewable energy and technology, and stressed that Bahrain's geographic and regulatory advantages make it a natural partner for German businesses looking to enter the region. Future Growth Path Secretary- General of the Union of Arab Chambers, Dr. Khaled Hanafy, urged a shift from conventional trade towards technology transfer and joint investments. 'Sustainable development requires us to move together into new economic territory,' he said, echoing the Chamber's position. The meetings are expected to lay the groundwork for follow-up agreements, especially in future-oriented sectors like digital infrastructure and clean energy.
Daily Tribune
16-05-2025
- Business
- Daily Tribune
Bahrain, UK explore new economic ties
Chairman of the Bahrain Chamber, Sameer Nass received the Minister of Investment of the United Kingdom, Baroness Poppy Gustafsson yesterday at the Chamber's headquarters. Speaking at the meeting, Nass praised the historic and growing partnership between Bahrain and the United Kingdom, noting that bilateral trade has surpassed USD 600 million, with an increase of 43%. He also outlined the Chamber's role in helping drive Bahrain's economic development and emphasized the attractive opportunities available to British investors across various sectors such as technology, financial services and cybersecurity. Nass highlighted Bahrain's strategic location, pro-business regulatory environment, and openness to foreign investment. He further pointed to Bahrain's robust financial infrastructure and highly skilled workforce as key advantages for UK companies looking to expand into the region, encouraging the development of joint ventures and long-term partnerships. Minister Gustafsson expressed her enthusiasm for exploring innovative forms of collaboration. She commended Bahrain's inclusive and dynamic business community and proposed the exchange of more trade delegations to deepen ties. She also called for increased cooperation in the areas of digital innovation and sustainable economic development. Also present at the meeting were Bahrain Chamber's second vice-chairman Mohammed Alkooheji, vice-treasurer Waleed Kanoo, board members Nawaf Alzayani and Sawsan Abualhasan.
Daily Tribune
15-05-2025
- Business
- Daily Tribune
Bahrain Chamber honoursJournalists for National Contributions
Bahrain Chamber held a special ceremony to mark World Press Day, honouring a group of journalists and media professionals in recognition of their impactful contributions to society and their role in advancing Bahrain's media landscape. The initiative reflects the Chamber's firm belief in the role of the media in promoting responsible freedom of expression, addressing key societal and economic issues, showcasing private sector achievements, and supporting national development efforts. In his remarks, Chamber Chairman Sameer Nass emphasized that the celebration is an opportunity to acknowledge the important work of Bahraini media in conveying the truth and raising public awareness. He commended the professionalism and objectivity that define Bahraini journalism, noting its role in fostering transparency and openness. Nass emphasized the media's role as a strategic partner in driving economic and social progress. He highlighted the Chamber's strong relationship with the national press, which consistently shows a deep commitment to the public interest and delivers a balanced, responsible narrative that reflects the aspirations of Bahraini society. He also reaffirmed the Chamber's ongoing support for initiatives aimed at strengthening the role of national media, stressing that a strong partnership between the private sector and media institutions is essential for building a prosperous and sustainable future for the Kingdom of Bahrain.
Daily Tribune
08-05-2025
- Business
- Daily Tribune
Bahrain Chamber discusses trade ties
Chairman of the Bahrain Chamber, Sameer Nass, met separately with the Ambassadors of Bangladesh and Pakistan to Bahrain yesterday, exploring trade and investment opportunities with both countries. In his meeting with Mohammad Rais Hasan Sarower, Ambassador of the People's Republic of Bangladesh, Nass noted that bilateral trade between Bahrain and Bangladesh reached 38.3 million US dollars in 2024. He emphasised potential areas for growth, particularly in ICT, pharmaceuticals, and the food sector. Bangladesh Outlook Ambassador Sarower highlighted the strength of Bangladesh's economy, which reached 460 billion dollars in 2024, with a GDP growth rate of 7 percent. He pointed to new openings for economic collaboration between the nations. Pakistan Prospects In a separate discussion with Saqib Rauf, Ambassador of Pakistan to Bahrain, Nass praised the enduring ties between the two countries and welcomed the outcomes of a joint virtual meeting held the previous day between Bahraini and Pakistani business communities. Ambassador Rauf expressed pride in the bilateral relationship and outlined key areas of opportunity for investment and cooperation, including housing, tourism, health, education, and real estate. Both meetings reinforced the Bahrain Chamber's commitment to enhancing regional trade through direct dialogue with diplomatic and business partners.
Daily Tribune
06-04-2025
- Business
- Daily Tribune
Bahrain Chamber holds its General Assembly
The Bahrain Chamber of Commerce and Industry convened its General Assembly on Saturday, April 5, 2025, chaired by Sameer bin Abdullah Nass. The meeting was attended by 406 registered members, accounting for 1.11% of those who had paid their annual subscriptions. The session focused on reviewing the chamber's financial and administrative reports, which aim to strengthen the private sector's role in the national economy and enhance transparency and member participation in economic discussions. The Assembly ratified the minutes of its previous meeting (April 28, 2024), approved the Board of Directors' annual report on 2024 activities, and endorsed the financial statements along with the external auditor's report for the fiscal year. Members also approved the appointment of BDO as the external auditor for 2025 and authorised the Board to finalise the contract. A key development during the 'Any Other Business' segment was the approval of amendments to Article (26) of Decree Law No. (48) of 2012 and Article (30) of its executive regulations. These changes empower members to elect the Chamber Chairman directly. The Board of Directors was authorised to coordinate with the relevant authorities to implement the legal amendments. In his address, Nass highlighted the past year's achievements, noting the Chamber's increasing developmental activities and reaffirming its commitment to supporting Bahrain's economic goals. He stressed the Chamber's strategic role in launching initiatives, strengthening partnerships, and delivering services to its members. Nass thanked His Majesty King Hamad bin Isa Al Khalifa and His Royal Highness the Crown Prince and Prime Minister Prince Salman bin Hamad Al Khalifa for their continued support of the private sector. He emphasised the Chamber's active engagement with the leadership to enhance Bahrain's investment climate and competitiveness, which aligns with the Bahrain Economic Vision 2030. The Chamber implemented its strategic plan for the 30th session by launching 22 initiatives focused on improving the business environment, stimulating investments, and proposing economic reforms. These included advocating for changes to the social security law to ease burdens on SMEs and suggesting updates to checkrelated regulations to ensure financial stability. To foster economic dialogue, the Chamber hosted its third annual conference for permanent committees under the theme 'Towards an Economic Environment that Stimulates Growth and Investment.' The event gathered economic experts and private sector leaders to discuss challenges and propose innovative solutions to boost Bahrain's regional and global competitiveness. Meanwhile , First viceChairman, Khalid bin Mohammed Najibi, chaired the meeting on behalf of Nass. During the meeting, he announced that the chamber received, on March 27, 2025, a written request signed by 69 members of the General Assembly, reque sting the inclusion of the amendment of Article (26) of Decree Law No. (48) of 2012 and Article (30) of the executive regulation of the same decree in the agenda of the General Assembly under the item 'Other New Business.' Najibi explained that the chamber's Customer Service Department reviewed the request and verified that it met the legal requirements. It was found that 57 of the signatories met the criteria set out in Article (15) of Decree Law No. (48) of 2012, which allows for the inclusion of items not listed on the agenda based on a written and justified request from at least fifty members submitted at least two business days prior to the meeting. Najibi confirmed that based on the request meeting the requirements, the issue was included on the agenda for discussion in the General Assembly, supported by several justifications, the most prominent of which was: 'Enhancing the flexibility of commercial work by enabling the General Assembly, as the highest authority, to choose its representatives more broadly and allowing elected board members to choose the Chairman from among them, similar to what is practiced in civil society institutions and the Shura and Council of Representatives, without a ceiling limiting private sector options.'
