logo
Bahrain-Russia economic cooperation

Bahrain-Russia economic cooperation

Daily Tribune02-06-2025

The Minister of Industry and Commerce, H.E. Mr. Abdulla bin Adel Fakhro, met with Russia's Minister of Economic Development, H.E. Mr. Maxim Reshetnikov, during his official visit to Bahrain.
The two sides discussed strengthening bilateral relations and enhancing economic cooperation. Minister Fakhro highlighted Bahrain's position as an attractive global investment hub, supported by a businessfriendly environment and government incentives.
They also reviewed Bahrain's upcoming participation as Guest of Honor at the St. Petersburg International Economic Forum this June.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gateway Unveiled
Gateway Unveiled

Daily Tribune

timea day ago

  • Daily Tribune

Gateway Unveiled

TDT | Manama Bahrain inaugurated its national pavilion at SPIEF 2025 in the presence of H.E. Abdulla bin Adel Fakhro, Minister of Industry and Commerce; H.E. Olga Lyubimova, Russia's Minister of Culture and Head of the Russia-Bahrain Intergovernmental Commission; H.E. Ahmed Abdulrahman Al Saati, Bahrain's Ambassador to Russia; and Alexander Stuglev, CEO of Rosscongress. H.E. Fakhro said the Kingdom's presence 'highlights our commitment to building stronger economic bridges and opening new avenues for collaboration,' noting over 190 active Bahrain-Russia business partnerships.

Bahrain Officially Inaugurates Pavilion at St. Petersburg International Economic Forum
Bahrain Officially Inaugurates Pavilion at St. Petersburg International Economic Forum

Biz Bahrain

timea day ago

  • Biz Bahrain

Bahrain Officially Inaugurates Pavilion at St. Petersburg International Economic Forum

The Kingdom of Bahrain inaugurated its pavilion at the St. Petersburg International Economic Forum (SPIEF) 2025, marking a pivotal milestone in strengthening diplomatic and economic ties between Bahrain and Russia. The opening ceremony was attended by distinguished officials, including H.E. Abdulla bin Adel Fakhro, Minister of Industry and Commerce; H.E. Olga Lyubimova, the Russian Minister of Culture, Head of Russia-Bahrain Intergovernmental Commission; H.E. Ahmed Abdulrahman Al Saati, Bahrain Ambassador to Russia, Alexander Stuglev, Chief Executive Officer of Rosscongress as well as key officials and stakeholders from both nations. The Bahrain Pavilion serves as a hub for networking, engaging with key stakeholders and potential investors, and showcasing Bahrain's vibrant investment environment. It will also showcase Bahrain's rich cultural heritage through dedicated cultural exhibits, emphasising the Kingdom's unique identity and strategic position as a gateway to the Gulf and beyond. H.E. Abdulla bin Adel Fakhro said, 'Bahrain's presence at SPIEF 2025 highlights our commitment to building stronger economic bridges and opening new avenues for collaboration. We are excited to showcase our investment ecosystem and foster meaningful connections with Russian and global stakeholders. With already over 190 active companies in Bahrain with Russian partners, there is a clear indication of the potential opportunities, and we firmly believe this is just the beginning of a prosperous future.' Bahrain's participation as a guest country in SPIEF serves as an opportunity to highlight the Kingdom's strategic investment opportunities across key priority sectors, while simultaneously offering new paths for strategic trade and economic ties. Through the pavilion, Team Bahrain aims to highlight the Kingdom's investor-friendly environment, innovative projects, and strategic initiatives designed to foster sustainable growth. Known for its progressive and dynamic economy, Bahrain offers an open market policy, a strategic location, and diverse sectors that position it as a regional hub, providing access to the GCC's USD 2.2 trillion market.

Bahrain and Russia Sign Customs Cooperation Agreement at International Economic Forum
Bahrain and Russia Sign Customs Cooperation Agreement at International Economic Forum

Daily Tribune

time2 days ago

  • Daily Tribune

Bahrain and Russia Sign Customs Cooperation Agreement at International Economic Forum

Bahrain and Russia signed an administrative cooperation agreement on customs matters during the International Economic Forum held in St. Petersburg, Russia. The agreement was signed by His Excellency Sheikh Ahmed bin Hamad Al Khalifa, President of Bahrain's Customs Affairs, and Ms. Tatyana Merkusheva, Deputy Director General of the Federal Customs Service of Russia. Speaking on the occasion, Sheikh Ahmed emphasized that the agreement represents a strategic step aligned with Bahrain Customs' 2024–2027 strategic plan. It reflects Bahrain's commitment to strengthening international customs partnerships and updating operational frameworks in line with global standards. The agreement focuses on enhancing cooperation between the customs authorities of both countries through the exchange of information and expertise related to goods and stakeholders. It aims to streamline customs procedures, support trade, facilitate the movement of goods, and strengthen border security—particularly in combating smuggling and responding to global supply chain challenges. This initiative is part of Bahrain's broader efforts to deepen international ties, promote trade and investment, and foster an efficient customs environment built on knowledge sharing and performance enhancement.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store