Latest news with #NasserbinHamad
Biz Bahrain
17 hours ago
- Business
- Biz Bahrain
Strategic energy concession agreement signed between the Ministry of Oil and Environment and Bapco Energies
His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty's Representative for Humanitarian Works and Youth Affairs and Chairman of Bapco Energies, witnessed the signing of a strategic energy concession agreement between the Ministry of Oil and Environment and Bapco Energies – the integrated energy group leading the transformation of Bahrain's energy sector – with EOG Resources Bahrain Awali W.L.L, a subsidiary of the United States company EOG Resources specialised in crude oil and natural gas exploration. The signing ceremony was attended by Dr. Mohamed bin Mubarak bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs; Mark Thomas, Group CEO of Bapco Energies; a delegation from EOG Resources led by Joseph Korenek, President of EOG Resources International; and a number of officials from both sides. HH Shaikh Nasser bin Hamad affirmed that the signing of this agreement represents an important step in implementing the National Energy Strategy, noting that its provisions will combine Bapco Energies' national vision with the global expertise of EOG Resources, paving the way for new opportunities in oil and gas exploration, contributing to comprehensive national development, and supporting long-term energy security. This agreement builds on the partnership announced in January this year, following high-level meetings between HH Shaikh Nasser bin Hamad and EOG Resources, with the cooperation focusing on evaluating opportunities for oil and gas exploration and development in the Kingdom of Bahrain. On his part, Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG, expressed his pleasure at the opportunity to assess Bahrain's resource potential, stressing that the company looks forward to working with Bapco Energies to enhance the productive capacity of the sector. The partnership underscores Bapco Energies' role in fostering strategic alliances that enable the development of Bahrain's natural resources. BNA(R)
Biz Bahrain
30-05-2025
- Business
- Biz Bahrain
Industry Ministry and Hope Ventures sign strategic partnership
His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Work and Youth Affairs and Chairman of the Supreme Council for Youth and Sports (SCYS), witnessed the signing of the letter of intent for a strategic partnership between the Ministry of Industry and Commerce and Hope Ventures to establish a makerspace and an industrial innovation centre in Salman Industrial City, Al Hidd. The letter was signed by Shaikh Hamad bin Mohammed Al Khalifa, Chairman of the Board of Directors of Hope Ventures; and Abdulla bin Adel Fakhro, Minister of Industry and Commerce. Aymen bin Tawfeeq Almoayed, SCYS Secretary General and Chairman of the Board of Directors of Hope Fund, was present. HH Shaikh Nasser bin Hamad emphasised that the Kingdom of Bahrain remains committed to advancing initiatives that empower and support youth across diverse sectors. He highlighted that the project will support ambition among young people, encouraging creativity and innovation. HH Shaikh Nasser bin Hamad further commended the project for establishing an integrated and supportive ecosystem for youth development. He underscored the role of the youth, highlighting their determination and perseverance as essential to building a more advanced and prosperous future for the Kingdom. This project is part of the Industrial Sector Strategy (2022-2026) initiatives, aimed at providing spaces to support small and medium industries (SMEs) and enhance their growth, while creating a supportive and stimulating environment for industrial research, development, and innovation. The Minister of Industry and Commerce emphasised that this initiative represents a strategic step within the implementation of the Industrial Sector Strategy (2022-2026), as it provides direct support to small and medium industries and helps stimulate an environment of innovation and enhance research and development. He noted that enabling youth, makers, and innovators to access the necessary resources and appropriate infrastructure is a fundamental pillar for supporting their projects and turning ideas into innovative products, which contributes to developing the national economy and advancing its path toward a knowledge-based economy. On his part, Shaikh Hamad bin Mohammed expressed pride in this partnership with the Ministry of Industry and Commerce, emphasising Hope Venture's commitment to creating a supportive and inspiring environment for ambitious Bahraini youth and empowering them in shaping the future of the national industry through embracing innovation concepts and modern technologies. Shaikh Hamad bin Mohammed added that the company is working to develop sustainable initiatives that meet the aspirations of the new generation and contribute to raising the competitiveness of Bahraini industries at both local and international levels. The centre will be established over an area exceeding 57,000 square meters and will include spaces for light manufacturing, logistics services, creative workspaces, co-working areas, administrative offices, training facilities, and other services. BNA(R)
Bahrain News Gazette
12-05-2025
- Business
- Bahrain News Gazette
Bahrain and Syria Reaffirm Strong Bilateral Ties During Official Visit
Manama: Bahraini daily newspapers today focused on events that happened over the past 24 hours. Among the highlights, HM King received HE Syrian President to discuss relations, showing a focus on strengthening ties between the two nations. According to Bahrain News Agency, Bahrain and Syria have reaffirmed their strong bilateral ties during President Al-Sharaa's official visit. The visit included discussions aimed at enhancing cooperation in various sectors. Additionally, HH Shaikh Nasser bin Hamad bid farewell to the Syrian President, marking the end of the official visit. In related developments, HM King received a telephone call from the Saudi Crown Prince, further indicating Bahrain's ongoing diplomatic engagements in the region. Bahraini and Saudi education ministers also discussed cooperation, emphasizing regional collaboration in education. Moreover, Bahrain welcomed the US announcement of a ceasefire agreement between India and Pakistan, highlighting its support for peace initiatives. In the intern ational arena, Bahrain participated in the PUIC conference in Indonesia and had a presence at the 40th MENAFATF plenary meeting through the Financial Intelligence National Centre. The Industry Minister's congratulation to Bahrain's commercial attaché on the UNCTAD vice chair appointment reflects the country's active participation in international forums. Furthermore, Bahrain's national pavilion at the 19th Venice Architecture Biennale was inaugurated, where Bahrain notably won the Golden Lion award, showcasing its achievements in architecture.
Biz Bahrain
23-04-2025
- Business
- Biz Bahrain
HH Shaikh Nasser bin Hamad launches "hope" initiative promoting national labour labour market sustainability
His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Work and Youth Affairs and Chairman of the Supreme Council for Youth and Sports (SCYS), met with a number of private sector representatives. The meeting aimed at recognising young national talent who have demonstrated high professionalism and dedication at their work places. The meeting was attended by His Highness Shaikh Khalid bin Hamad Al Khalifa, First Deputy Chairman of the SCYS, President of the General Sports Authority (GSA), and President of the Bahrain Olympic Committee (BOC). HH Shaikh Nasser bin Hamad highlighted that real success comes from teamwork and the integration of efforts. His Highness emphasised his commitment to driving national transformation by supporting and empowering Bahraini youth through initiatives that foster dedication and engagement in the workplace. HH Shaikh Nasser bin Hamad noted that the meeting is part of national initiatives aimed at enhancing public-private partnerships in supporting Bahraini youth and recognising those who contribute to improving workplace environments. The meeting included the signing of the 'Spreading Hope in the Workplace' declaration, reflecting a shared commitment to fostering positivity and building motivating work environments based on appreciation and productivity. The initiative aims to reinforce institutional loyalty and promote sustainability in the national labour market. The initiative is a result of cooperation between Hope Talents, the creative arm of the Hope Fund, and various private sector entities. It forms part of a strategic vision to empower Bahraini youth and encourage their active participation in the Kingdom of Bahrain's economic and social development. BNA(R)
Bahrain News Gazette
18-04-2025
- Business
- Bahrain News Gazette
Bahrain Focuses on Diplomatic Engagements and Development Initiatives
Manama: Bahraini daily newspapers today centered on recent local events, showcasing a series of diplomatic engagements and developmental initiatives. According to Bahrain News Agency, HM King received gratitude from the Umm Al Quwain Ruler for fostering strong bilateral ties. Meanwhile, Commander-in-Chief received the Finance Minister to discuss financial strategies and developments. HH Shaikh Nasser bin Hamad presided over the Bapco Energies Q1 board meeting, highlighting the company's strategic goals. HH Shaikh Khalid bin Hamad convened with the coordination committee for the 3rd Asian Youth Games and welcomed the CEO of GFH Financial Group to discuss potential collaborations. The Interior Minister conducted an inspection of central warehouses to ensure operational efficiency and security. Bahrain reiterated its condemnation of terror schemes targeting Jordan, emphasizing regional stability. The Foreign Minister was active in diplomatic circles, participating in the third joint ministerial meeting of th e GCC-Central Asia Strategic Dialogue. He also engaged in discussions with the GCC Secretary-General, UAE Minister of State, and deputy foreign ministers from Turkmenistan, Tajikistan, Kyrgyz Republic, and Uzbekistan to enhance cooperative efforts. The Finance Minister underscored the importance of the national workforce in governmental achievements and praised the ministry team for their efforts in preparing the 2025-2026 budget. Concurrently, the Youth Minister took part in the ECOSOC Youth Forum in New York, focusing on youth empowerment. In housing developments, the Housing Ministry launched 'Tas'heel+' to broaden housing finance options and, along with Eskan Bank, signed platinum sponsorship agreements for an upcoming housing summit. The Minister of Industry and Commerce reaffirmed Bahrain's commitment to maintaining a zero-tariff policy on US goods, fostering trade relations. The Health Minister held meetings in Abu Dhabi to boost medical cooperation, while the Tourism Minister engaged with the Execu tive Director of WJI 2030. Additionally, the UAE Vice President received the Bahraini Ambassador in Abu Dhabi, strengthening diplomatic ties. Tamkeen and Invita collaborated to improve accessibility with the sign language app Nasmaakum. Furthermore, the Shura Council hosted a US Congress delegation to discuss bilateral relations. In technological advancements, EWA introduced a new digital service for companies via and the BQA signed a Memorandum of Understanding with the Hong Kong Accreditation Council. Lastly, the IPA Director General participated in a UN public administration forum in New York, showcasing Bahrain's commitment to international collaboration.
