logo
RHF signs cooperation agreement with Kaaf Humanitarian

RHF signs cooperation agreement with Kaaf Humanitarian

Biz Bahrain06-06-2025

The Royal Humanitarian Foundation (RHF) signed a cooperation agreement with Kaaf Humanitarian to implement joint programmes and projects supporting productive families, through a collaboration between RHF's 'Nitaj Khair Al Bahrain' initiative and Kaaf Humanitarian.
The agreement was signed by Shaikh Ali bin Khalifa Al Khalifa, Secretary General of RHF, and Dr. Abdulatif Ahmed Al Shaikh, Chairman of the Board of Al Islah Society.
The agreement aims to exchange expertise and coordinate efforts between 'Nitaj Khair Al Bahrain' and Kaaf Humanitarian to develop and train productive families through joint training programs. It also includes collaboration on marketing their products through centres and incubators affiliated with both parties.
The agreement provides for coordination with government and private entities to secure necessary support and resources, and to seek appropriate financing opportunities that ensure the sustainability of productive projects and generate a tangible positive impact for beneficiaries.
This agreement reflects RHF's commitment to empowering Bahraini talent and providing a supportive environment for developing local capabilities, thereby enhancing national production and supporting the Kingdom's sustainable development goals.
BNA(R)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bahrain Expands Russian Ties Through Seven MOUs
Bahrain Expands Russian Ties Through Seven MOUs

Daily Tribune

time3 hours ago

  • Daily Tribune

Bahrain Expands Russian Ties Through Seven MOUs

TDT | Manama Bahrain is expanding its global economic footprint, signing seven private-sector MOUs with Russian economic bodies at the St. Petersburg International Economic Forum 2025. The agreements underscore the Kingdom's growing drive to link Bahraini enterprises with new international markets. Bahrain Chamber, led by its Chairman H.E. Sameer Nass, engaged with several prominent Russian institutions to strengthen cooperation across trade, investment, industry, tourism, and logistics. The forum served as a platform to formalise commercial partnerships and unlock long-term cross-border business opportunities. Chamber Signs Seven MOUs The Chamber signed memorandums of understanding with seven institutions under the Russian Federation: Roscongress Foundation, and regional chambers representing Moscow, Chechnya, Krasnodar, Yakutia, and Lipetsk. Each agreement focuses on exchanging economic and investment data, co-hosting exhibitions and trade delegations, and facilitating sector-specific projects that support SMEs and key sectors looking to expand into new regions. 'These MOUs reflect our strategy to connect Bahraini businesses with promising global markets,' said H.E. Nass. 'They represent opportunities for SMEs and key sectors looking to expand into new regions.' Supporting SMEs Khalid Najibi, First Vice Chairman of the Bahrain Chamber, said the agreements align with the Chamber's mission to unlock international investment opportunities. Board Member Ahmed Al Saloom added that the MOUs provide tangible benefits for small and medium enterprises. 'Strategic partnerships like these give our businesses real leverage to expand and innovate internationally,' he said. Global Presence The Chamber reaffirmed its support for Bahraini SMEs and its commitment to opening global market pathways in line with Bahrain's Economic Vision 2030. Officials noted that the private sector remains central to local development and that these agreements will further solidify Bahrain's economic presence on the global stage.

Bahrain's Al Ayam Newspaper Signs Media Cooperation Deal with Russia's Rossiya Segodnya
Bahrain's Al Ayam Newspaper Signs Media Cooperation Deal with Russia's Rossiya Segodnya

Daily Tribune

timea day ago

  • Daily Tribune

Bahrain's Al Ayam Newspaper Signs Media Cooperation Deal with Russia's Rossiya Segodnya

===Bahrain's Al Ayam newspaper signed a Memorandum of Understanding (MoU) with Russia's state media group Rossiya Segodnya on the sidelines of the St. Petersburg International Economic Forum (SPIEF), where Bahrain is participating as the guest of honor this year. The agreement was signed by Sergey Kochetkov, First Deputy Editor-in-Chief of Rossiya Segodnya, and Rashid Nabil Al Hamar, Editor-in-Chief of Al Ayam, representing Al Ayam Publishing. The MoU sets the stage for broader collaboration between the two media houses, focusing on content exchange, joint projects, and knowledge-sharing, while also aiming to foster deeper cultural and media understanding between the two countries. Speaking after the signing, Rashid Al Hamar expressed pride in the agreement, calling it 'a milestone that strengthens Bahrain's media presence globally and reflects our genuine interest in building lasting relationships with leading international media institutions.' Sergey Kochetkov added, 'We're pleased to partner with a well-established outlet like Al Ayam. This cooperation will help us better communicate the shared stories and values between our nations and support our journalistic missions.' The deal comes as part of a growing wave of Bahraini-Russian cooperation in both public and private sectors, reflecting the evolving partnership between the two nations.

Rupee Dip Triggers Remittance Surge Among Indian Expats in Bahrain and Gulf
Rupee Dip Triggers Remittance Surge Among Indian Expats in Bahrain and Gulf

Daily Tribune

timea day ago

  • Daily Tribune

Rupee Dip Triggers Remittance Surge Among Indian Expats in Bahrain and Gulf

Indian expatriates in Bahrain and across the Gulf region are making the most of a favourable drop in the Indian rupee, resulting in a marked surge in remittances over the past two days. The rupee has slipped to around ₹221–223 against the Bahraini dinar, its weakest level since early April. This has prompted many non-resident Indians (NRIs) to quickly send money home, capitalising on the improved exchange rate rather than waiting for further declines. Although June is typically a quieter month for remittances—due to summer travel expenses and home visits—the rupee's slide has created a rare window of opportunity. Expats are choosing to remit now, avoiding speculation about future rate shifts. Strong Weekend Remittance Activity Thursday (June 19) saw one of the busiest remittance days in recent weeks. Even as the rupee briefly showed minor recovery, the prevailing sentiment among Indian expats remained confident: send now, rather than regret later. Exchange houses in Bahrain expect the strong remittance trend to continue through the weekend and into next week, especially if the rupee remains in the 221–223 range. What's Influencing the Rupee's Value? Despite heightened geopolitical tensions, particularly in the Middle East, the US dollar has shown limited safe-haven strength—contrary to historical trends. Instead, gold has emerged as the preferred hedge, leaving room for the rupee to hover at relatively favourable levels for remitters. Looking ahead, experts point to several factors that could influence the rupee's trajectory in the coming months: Recovery in foreign institutional investor (FII) flows following trade improvements with the US. Growth in India's defence manufacturing sector, boosting exports and reducing import dependency. Positive sentiment around India's trade agreements with the UK and expected deals with the US. Easing inflation, which remains below the Reserve Bank of India's 4% target, increasing the likelihood of further interest rate cuts. Proactive interventions by the RBI to stabilise currency markets and prevent extreme volatility. According to Subramanian Sharma, Promoter Director at Greenback Advisory Services, 'These developments point to a possible strengthening of the rupee in the coming months—but for now, Indian expats are rightly taking advantage of the current dip.' For many families in India, these timely transfers could make a real difference—and for NRIs in Bahrain, it's a smart financial move that blends timing with opportunity.

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