
Dr. Al-Ghazzawi Showcases Bahrain's Financial Inclusion Model at Arab Banking Conference
Highlighting Bahrain's success story, Dr. Al-Ghazzawi elaborated on the contribution of Ebdaa Microfinance Company, emphasizing the company's central role in advancing financial inclusion, and noted that Ebdaa Bahrain is firmly dedicated to offering sustainable and innovative financing solutions specifically tailored to underserved populations that face barriers in accessing conventional banking channels. Through these efforts, the company significantly contributes to Bahrain's broader objective of inclusive and comprehensive economic development.
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Daily Tribune
8 hours ago
- Daily Tribune
Miknas: Bahrain's support places Lebanon back in Arab fold
TDT | Manama Businessman Akram Miknas has praised Bahrain for taking the lead in re-engaging with Lebanon, describing the recent state visit by Lebanese President General Joseph Aoun as a turning point in Gulf-Lebanon relations. Miknas, who chairs the Bahrain-based company Promosven, said the high-level meetings, particularly the one between His Majesty King Hamad bin Isa Al Khalifa and the Lebanese President, marked the most significant interaction between the two nations in decades. Economic Gateway 'Bahrain's support places Lebanon back in the Arab fold,' he said, adding that the Kingdom was the first to offer meaningful support to Lebanon after a period of instability and absence from the regional stage. According to Miknas, this move could position Bahrain as a gateway for Lebanon's re-entry into the GCC economy, with its advanced infrastructure and strong commercial networks. He urged a swift follow-up on the agreements signed during the visit. Connectivity Call Reinstating direct flights between Bahrain and Lebanon, he said, would be a vital step in boosting trade and tourism. He a l s o called for streamlining visa and residency procedures to help entrepreneurs and investors move more freely. Miknas highlighted that the Lebanese business community is ready to activate joint ventures and contribute to economic cooperation between the two countries. Skills & Sectors Pointing to areas of future collaboration, Miknas said private sector partnerships in fields like technology, Islamic finance, and infrastructure could be mutually beneficial. He noted that Lebanon's skilled workforce, particularly in AI and digital innovation, offers an opportunity for synergy with Bahrain's forward-looking economic plans. He also drew attention to the cultural bonds between the two countries, saying Lebanese entrepreneurs had long been welcomed in Bahrain due to shared values of openness and tolerance. Miknas concluded by underscoring the importance of economic diplomacy, adding that private sector involvement would be key to translating diplomatic goodwill into real progress.


Gulf Insider
a day ago
- Gulf Insider
Saudi Arabia Privatizes Three Football Clubs
The Ministry of Sports announced Thursday the privatization of the three football clubs— Al-Ansar, Al-Kholood, and Al-Zulfi — under the Kingdom's broader sports investment and privatization initiative. Ownership of the clubs has officially been transferred to private investors following the completion of regulatory procedures and company formation by the National Center for Privatization. Al-Zulfi FC will now be owned by Najm Al-Salam Company, Al-Kholood by Harburg Group, and Al-Ansar by Awda Al-Baladi & Sons Company. This follows the August 2024 announcement of six clubs slated for privatization: Al-Ansar, Al-Okhdood, Al-Kholood, Al-Zulfi, Al-Orouba, and Al-Nahda. The three remaining clubs — Al-Nahda, Al-Okhdood, and Al-Orouba — are still under evaluation. Al-Nahda has completed its bid submission period, while the other two did not meet the qualification requirements. Minister of Sports Prince Abdulaziz bin Turki Al-Faisal hailed the milestone, saying: 'With the leadership's support, we are witnessing a historic moment in Saudi sports. This step reflects the visionary leadership of Crown Prince Mohammed bin Salman.' He also congratulated the clubs and welcomed the private sector as a key partner in driving forward the Kingdom's sports development. The ministry emphasized that future privatizations will proceed based on club readiness, investor interest, and competitive tendering. It has opened the door for further expressions of interest via its official website, aiming to continue building a competitive, professional sports sector. Privatization efforts are part of a larger push to raise operational efficiency, enhance governance, and attract private sector partnerships across Saudi sports, creating a modern sports industry aligned with the Kingdom's strategic goals. Also read: Saudi Arabia: AlUla Moments 2025–26 Calendar: Full Guide For UAE Travellers To Festivals, Art And Sport


Biz Bahrain
2 days ago
- Biz Bahrain
Miknas Affirms Readiness to Strengthen Economic Collaboration Between Bahrain and Lebanon
Akram Miknas, Businessman and Chairman of Promosven, affirmed that the recent official visit of His Excellency General Joseph Aoun, President of the Lebanese Republic to the Kingdom of Bahrain marks a historic turning point in bilateral relations between the two nations. 'The high-level meetings held during the visit, particularly the meeting between His Majesty King Hamad bin Isa Al Khalifa and His Excellency the President, represented a significant milestone in strengthening ties across political, economic, and social spheres. It also stands as the highest-level visit by a Lebanese official in decades.' said Mr. Miknas Mr. Miknas emphasized the readiness of Promosven and the wider Lebanese business community to contribute meaningfully to the activation of economic collaboration between Bahrain and Lebanon by translating signed agreements into tangible projects. 'It is essential to reinstate direct flights between Bahrain and Lebanon, given the critical role such connectivity plays in revitalizing trade, stimulating tourism, and enhancing overall economic exchange. Equally, streamlining visa and residency procedures is fundamental to facilitating the movement of investors and entrepreneurs, thereby enabling the expansion of joint ventures and reinforcing the economic partnership between both nations.' In a related context, Mr. Miknas noted that Lebanon today is in urgent need of support from all its Arab brothers to strengthen its economic and political stability. Bahrain was the first to offer such support, reaffirming Lebanon's rightful place within the Arab fold after a prolonged period of absence and unrest. This noble initiative by Bahrain has the potential to serve as Lebanon's economic gateway to GCC countries, which are distinguished by their diverse and well-established economies, advanced financial and commercial infrastructure, and a supportive environment for investment and business. Highlighting key opportunities for collaboration, Mr. Miknas identified promising avenues for private sector partnerships in areas such as technology, Islamic finance and infrastructure development. Enhancing cooperation with Bahrain, particularly in light of Lebanon's ongoing economic recovery, presents meaningful opportunities, especially by leveraging the expertise of Lebanon's highly skilled professionals in fields such as artificial intelligence and digital innovation. 'The peoples of Bahrain and Lebanon share deep cultural values rooted in openness, tolerance, and hospitality. These qualities have long supported successful economic partnerships and continue to create a welcoming environment for Lebanese entrepreneurs, many of whom have established thriving businesses fully integrated into the fabric of Bahraini society.' Mr. Miknas concluded by reaffirming the vital role of economic diplomacy and private sector engagement in strengthening the long-standing relationship between Bahrain and Lebanon, paving the way for a prosperous and mutually beneficial future.