Bahrain eyes key Arab Fund accord
Manama, May 10, 2013
Bahrain is mulling plans to sign a financing agreement with the Arab Fund for Development to allocate $30 million to finance projects of entrepreneurs in the kingdom, reported the Gulf Daily News, our sister publication.
This was revealed by United Nations Industrial Development Organisation's (Unido) Arab Regional Centre for Entrepreneurship and Investment Training board of trustees chairman Shaikh Ibrahim bin Khalifa Al Khalifa, the report said.
He said that the issue is being studied by the Finance Ministry and is expected to be announced soon.
Shaikh Ibrahim said this amount will be cut off from a total amount of $2 billion allocated by the Arab Chambers of Commerce to support entrepreneurs in 2009.
Shaikh Ibrahim's statement came on the sidelines of a Press conference held by Unido to announce the launch of the First International Investment Forum for Entrepreneurs, which will be held in Bahrain in January 2014.
He said that the forum will be accompanied by an exhibition of products of the entrepreneurs.-TradeArabia News Service
More Government & Laws Stories
- Norton Rose Fulbright moves London head to Dubai
- DSG ‘ready to implement Smart Dubai Strategy’
- Iraqi women protest new draft law
- Bahrain police 'face more danger in line of duty'
- Saudi names Brotherhood as terrorist group
- Qatar outraged over terror claims
- Bahrain PM condemns exploitation of children
- Qatar will not alter foreign policy: source
- Bahrain accuses Iran of fomenting trouble
- 'Put security before rights' in Bahrain: publisher
- 'Hizbollah trained Daih blast suspect'
- Key terror blast suspects named in Bahrain
- $2.6m Royal Fund for martyrs set up
- Bahrain to draw up new anti-terror laws
- GCC ROW: Qatar voices surprise over envoys pull out
- GCC tobacco tax rise ‘will fuel illicit trade’
- Saudi, UAE, Bahrain withdraw envoys from Qatar
- Bahrain explosion draws global condemnation
- GDN photographer hurt in blast is discharged
- Iran playing increasing role in Bahrain unrest
- Bahrain launches 6-point plan to fight terror
- Sisi gives sign he will run for president
- New Saudi clamp on energy drinks
- Health insurance must for Saudi visa
- Qatari doctor gets 7 years jail in UAE
- Family violence law articles approved in Bahrain
- Credit card thief jailed in Bahrain
- GDN photographer hurt in Bahrain explosion
- Bahrain King orders crackdown on terrorists
- Bahrain's 4-year development plan on track