
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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Gulf Insider
a day ago
- Gulf Insider
Saudi Arabia's National Airline Confirms October Start For Direct Moscow Flights
Saudi Arabia's national carrier Saudia will start non-stop flights between Riyadh and Moscow from October1, in a move to capitalise on the sharp rise in Saudi tourism to Russia. The new service will offer three weekly flights. The announcement comes amid what officials described as an unprecedented surge in Saudi arrivals to Russia, driven largely by Moscow's rollout of a streamlined electronic visa system in August 2023. According to Russian government data, 52,400 Saudi citizens visited the country in 2024, a more than 570% increase from just 9,300 the previous year. That momentum has continued into 2025. In the first six months of the year, Moscow welcomed over 9,900 Saudi visitors, marking a 50% increase compared to the same period in 2024. Russian authorities have credited the spike to the e-visa programme, which allows Saudi passport holders to apply for travel authorisation online. The introduction of direct flights by Saudia is expected to bolster that growth further, offering both convenience and connectivity at a time of deepening cultural and economic engagement between the two nations.


Daily Tribune
3 days ago
- Daily Tribune
China hosts Iran, Russia defence ministers against backdrop of ‘turmoil'
China hosted defence ministers from Iran and Russia for a meeting in its eastern seaside city of Qingdao yesterday against the backdrop of war in the Middle East and a summit of NATO countries in Europe that agreed to boost military spending. Beijing has long sought to present the 10-member Shanghai Cooperation Organisation (SCO) as a counterweight to Western-led power blocs and has pushed to strengthen collaboration between its member countries in politics, security, trade and science. The Qingdao meeting of the organisation's top defence officials comes as a fledgling ceasefire between Israel and Iran holds after 12 days of fighting between the arch-foes. It is also being held the day after a summit of North Atlantic Treaty Organization (NATO) leaders in The Hague, where members agreed to ramp up their defence spending to satisfy US President Donald Trump. Beijing's ties with Moscow are also in the spotlight. China has portrayed itself as a neutral party in Russia's war with Ukraine, although Western governments say its close ties have given Moscow crucial economic and diplomatic support. Russian Defence Minister Andrei Belousov painted a bleak picture of a world seeing 'worsening geopolitical tensions' when he addressed his counterparts at the meeting. 'The current military and political situation in the world remains difficult and shows signs of further deterioration,' he said, according to a Russian defence ministry statement. His Chinese counterpart Dong Jun also framed yesterday's meeting in Qingdao, home to a major Chinese naval base, as a counterweight to a world 'marked by intertwined turmoil and changes'.


Gulf Insider
3 days ago
- Gulf Insider
These Are The Places That Rich People Are Leaving
Newly published data by Henley & Partners shows that while China and India were still losing the most millionaires (or billionaires) to emigration in 2023, the United Kingdom's millionaire flight is surging to the top position this year. Some British millionaires have said they are leaving due to the end of the non-domestic tax status rule in the country. The Tax Justice Network points out that even with the increase, the share of of those departing is still very low compared to all millionaires. As Statista's Katharina Buchholz reports, the 142,000 millionaires projected to be migrating this year only represent 0.2 of all millionaires globally, its release says. After migration of the wealthy slumped during the pandemic years, a new high of 120,000 millionaires left their home countries in 2023. After 2025's 142,000 individuals, wealth out-migration is expected to climb even higher to 165,000 in 2026. You will find more infographics at Statista According to the source, political stability, personal freedoms as well as tax and financial concerns were among the reasons millionaires decide to make these moves. The war in Ukraine has led to an exodus of Russians – especially pronounced in 2022 and 2023 – that has seen new arrivals mainly in European cities. The change represented a 33 percent reduction of Russian millionaires living in their country between 2021 and 2022. The study covered only individuals with an investable wealth of at least $1 million, who took up residency in a new country and spent at least half of the year there. Also read: UK Gov't Secretly Used BBC & ITV Soaps For 'Underhanded' Vaccine 'Propaganda' To Covertly Shape Public Opinion, Coerce Compliance