Latest news with #EconomicVision2030
Daily Tribune
a day ago
- Business
- Daily Tribune
Bahrain emerges as key Gulf hub for sustainable investment opportunities
Bahrain took center stage in the global investment landscape as it hosted the official regional launch of the World Investment Report 2025 by UN Trade & Development (UNCTAD) at Swiss-Belhotel, Manama. The event brought together economists and private sector leaders to explore the latest trends in Foreign Direct Investment (FDI), with special attention to Bahrain's evolving investment profile. The report was launched simultaneously in major cities including New York, London, Tokyo, and Cairo, underscoring its global relevance. According to the report, in Bahrain greenfield investments, a key indicator of long-term investor confidence, showed remarkable growth. Double In 2024 Greenfield investment doubled, reaching $1.5 billion. The manufacturing sector saw notable gains, while financial services remained the largest FDI recipient, attracting $2 billion of the total $2.5 billion invested. Bahrain's financial sector remains a dominant force, accounting for $30 billion of the country's total $46 billion in FDI stock. It continues to represent the backbone of foreign capital in the Kingdom. The manufacturing and business services sectors followed, reflecting a diversification push aligned with Bahrain's Economic Vision 2030.
Biz Bahrain
4 days ago
- Business
- Biz Bahrain
(USAII) Conference 2025 kicks off today in Bahrain, in collaboration with NGN
The United States Artificial Intelligence Institute (USAII) Conference 2025 officially commenced today, 17 June, in collaboration with NGN International. Held under the theme 'AI Innovations, Ethics, and Digital Transformation: Towards Excellence and Strategic Growth,' the conference convened at the Awal Ballroom of the Gulf Hotel Bahrain. The event serves as a pivotal platform for addressing cutting-edge developments, identifying emerging challenges, and exploring strategic opportunities within the rapidly evolving landscape of artificial intelligence. In the keynote address, Dr. Milton Mattox, Chief Executive Officer of the United States Artificial Intelligence Institute (USAII) and an internationally recognized authority in AI strategy and transformation, expressed sincere appreciation for hosting the event in the Kingdom of Bahrain. The speech highlighted Bahrain's emergence as a vibrant regional hub for tech innovation and emphasized the importance of international collaboration in harnessing artificial intelligence to advance economic and social development. Dr. Mattox noted that the conference aims to foster global dialogue and cooperation on the responsible and effective application of AI to confront future challenges and generate meaningful progress. The speaker line-up showcased a distinguished group of experts driving progress in the field of artificial intelligence. Featured speakers included Mr. Amr Hariri, Managing Director of ITMEA; Dr. Amal Shaheen, a strategist in AI and organizational performance, academic and leadership coach, and holder of a PhD in AI and Machine Learning; and Dr. Abdulkarim Katbi, a leader in AI and digital infrastructure, PhD holder in AI, and an expert in digital transformation. Additional contributions came from Dr. Fadheela Hussain, an AI and cybersecurity expert and assistant professor with a PhD in Computing and Information Sciences; Mr. Ali Awadh, a senior expert in telecommunications and digital solutions; and Mr. Mohamed Buallay, a leading figure in geo-economic intelligence. Each speaker delivered valuable insights into emerging trends, breakthrough innovations, and practical applications that are actively shaping the global artificial intelligence landscape. On this occasion, Mr. Yaqoob Al Awadhi, CEO of NGN International, expressed pride in partnering with the United States Artificial Intelligence Institute (USAII) to co-host this prominent event, and emphasized the critical role of knowledge exchange and strategic dialogue with global thought leaders in accelerating the adoption of advanced AI technologies across various sectors. Mr. Al Awadhi also reaffirmed NGN International's commitment to fostering technological development in Bahrain and the wider region, underscoring the alignment of such initiatives with Bahrain's Economic Vision 2030 and the national agenda for digital transformation and innovation-driven growth.
Biz Bahrain
12-06-2025
- Business
- Biz Bahrain
Infracorp Showcases the Kingdom's First Sustainable Sukuk
Infracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has announced its participation in a United Nations workshop recently held in Bahrain to highlight the Kingdom's contribution to global efforts in financing sustainable development. The company presented its pioneering experience in issuing Bahrain's first sustainable sukuk. Infracorp took part in a panel discussion entitled 'Innovative Financing Instruments: SDG-Linked Bonds and Sukuk'. Ms. Zeeba Askar, Chief Sustainability and Investment Officer at Infracorp, delivered a presentation titled 'Bahrain's First Sustainable Sukuk'. She outlined the company's transition from green sukuk to a broader sustainable sukuk framework in line with international trends for financing projects with environmental and social impact. Ms. Askar confirmed that Infracorp's sustainable sukuk framework is fully aligned with the ICMA's Green, Social and Sustainability Bond Principles, supports Bahrain's Economic Vision 2030 and is consistent with the United Nations SDGs. She added that the framework's governance is underpinned by an independent, accredited external opinion to ensure transparency and credibility. The company has mapped key performance indicators, adopted a rigorous project-selection mechanism based on expected outcomes, and issues regular reports to measure each project's environmental and social impact. Commenting on the occasion, Ms Askar said: 'Our objective went beyond issuing a conventional finance instrument; it was about setting a standard for what a Sustainable Sukuk should represent. We carefully built a framework aligned with Bahrain's Economic Vision 2030 and the UN Sustainable Development Goals, with measurable KPIs mapped across every eligible project. The result is a Sukuk rooted in transparency, governed by rigor, and driven by real-world impact.' The workshop highlighted Bahrain's leading efforts in development finance, including Islamic finance, SDG-linked bonds and the fintech sector, ahead of the fourth International Conference on Financing for Development (FfD4), scheduled to take place in Seville, Spain, from June 30 to July 3, 2025. It brought together UN officials, public-sector representatives and private-sector partners to discuss the Kingdom's participation in the conference. FfD4 will serve as a pivotal platform to assess progress on global commitments to finance sustainable development and to address challenges that have emerged since the adoption of the Addis Ababa Action Agenda in 2015. The conference will gather high-level representatives from governments, international and regional organisations, financial and commercial institutions, the private sector, civil society and the United Nations system.
Zawya
11-06-2025
- Business
- Zawya
Infracorp showcases the Kingdom's first sustainable sukuk
Manama, Kingdom of Bahrain: Infracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has announced its participation in a United Nations workshop recently held in Bahrain to highlight the Kingdom's contribution to global efforts in financing sustainable development. The company presented its pioneering experience in issuing Bahrain's first sustainable sukuk. Infracorp took part in a panel discussion entitled 'Innovative Financing Instruments: SDG-Linked Bonds and Sukuk'. Ms. Zeeba Askar, Chief Sustainability and Investment Officer at Infracorp, delivered a presentation titled 'Bahrain's First Sustainable Sukuk'. She outlined the company's transition from green sukuk to a broader sustainable sukuk framework in line with international trends for financing projects with environmental and social impact. Ms. Askar confirmed that Infracorp's sustainable sukuk framework is fully aligned with the ICMA's Green, Social and Sustainability Bond Principles, supports Bahrain's Economic Vision 2030 and is consistent with the United Nations SDGs. She added that the framework's governance is underpinned by an independent, accredited external opinion to ensure transparency and credibility. The company has mapped key performance indicators, adopted a rigorous project-selection mechanism based on expected outcomes, and issues regular reports to measure each project's environmental and social impact. Commenting on the occasion, Ms Askar said: 'Our objective went beyond issuing a conventional finance instrument; it was about setting a standard for what a Sustainable Sukuk should represent. We carefully built a framework aligned with Bahrain's Economic Vision 2030 and the UN Sustainable Development Goals, with measurable KPIs mapped across every eligible project. The result is a Sukuk rooted in transparency, governed by rigor, and driven by real-world impact.' The workshop highlighted Bahrain's leading efforts in development finance, including Islamic finance, SDG-linked bonds and the fintech sector, ahead of the fourth International Conference on Financing for Development (FfD4), scheduled to take place in Seville, Spain, from June 30 to July 3, 2025. It brought together UN officials, public-sector representatives and private-sector partners to discuss the Kingdom's participation in the conference. FfD4 will serve as a pivotal platform to assess progress on global commitments to finance sustainable development and to address challenges that have emerged since the adoption of the Addis Ababa Action Agenda in 2015. The conference will gather high-level representatives from governments, international and regional organisations, financial and commercial institutions, the private sector, civil society and the United Nations system. About Infracorp: Infracorp B.S.C., is a company specialised in investing in the infrastructure and sustainability development sector, with a capital of USD 1.2 billion. Infracorp manages a portfolio of nearly USD 3 billion in infrastructure assets, including a 250 million square feet land bank in the GCC, North Africa and South Asia, which is earmarked for sustainable economic and social infrastructure. Infracorp's sustainability strategy is designed to generate strong long-term returns for investors through proactive management of ESG risks, and by embracing opportunities for value creation in the sustainable investment ecosystem. The Company focuses on investments in developing communities and investing in logistics and technologies that support sustainability and renewables, as well as social infrastructure assets across the education and healthcare sectors.
Daily Tribune
09-06-2025
- Business
- Daily Tribune
Bahrain Builds Crypto Hub
TDT | Manama As Bitcoin rebounds globally, Bahrain is quietly building its own digital gold rush. Supported by progressive regulation and hightech infrastructure, the Kingdom is emerging as a serious contender in the global cryptocurrency mining market, and one Bahraini firm says it is only the beginning. Rising global role Crypto Miners, a company specialising in the sale, installation, and maintenance of mining equipment, says the sector's growing momentum within Bahrain is helping reinforce the Kingdom's position as a competitive regional hub with global potential. The company believes this development is also drawing more foreign direct investment into Bahrain's digital economy. 'Bahrain's financial ecosystem and regulatory clarity give us the ability to grow sustainably and export our services abroad,' said Wassim Saaduddin, Technical Sales Manager at Crypto Miners. He added that the Kingdom is uniquely placed to serve as a launchpad for international crypto operations, thanks to its policy stability and infrastructure. Infrastructure and awareness At the core of Crypto Miners' strategy is a vision to localise this high-tech industry, building critical infrastructure , training Bahraini talent , and supporting knowledge transfer. The company also sees awareness as essential to sustainable sector growth, and says it actively runs public engagement campaigns to help familiarise Bahrainis with digital currencies and blockchain. 'As part of our corporate social responsibility, we're committed to raising awareness about digital assets and creating safe, reliable investment pathways,' Saaduddin noted. Aligned with national vision Crypto Miners says its longterm efforts are in full alignment with Bahrain's Economic Vision 2030, which prioritises innovation, digital transformation, and sustainable growth. The company believes that positioning Bahrain as a regional and global leader in crypto mining is not only realistic, but already in progress. With firms like Crypto Miners anchoring the sector, Bahrain appears to be gaining traction in a space once dominated by much larger economies.
