AGP Executive Report
Last update: 43 minutes agoBahrain Chamber Leadership: Bahrain Chamber of Commerce and Industry (BCCI) approved new chairs for its sectoral committees for the 31st administrative term, naming leaders across markets, education, technology/AI, industry & energy, hospitality, real estate, health, food, finance/insurance/tax, and transport/logistics. National Resilience: Bahrain’s institutions are credited with keeping the economy and essential services running during the fallout from Iranian attacks, with the chamber citing continuity of supply chains and active coordination with government bodies. Housing Finance Push: National Bank of Bahrain (NBB) returns as Platinum Sponsor for the Innovation Housing Summit, offering social housing financing options and on-site guidance for eligible beneficiaries. Capital Markets: ASB Capital was appointed joint lead manager and bookrunner for Kuwait International Bank’s $500m, five-year KIB sukuk, with orders topping $1bn. Regional Finance Networking: Bahrain Bourse will sponsor the Bahrain Banks Reception in Bangkok alongside the IMF/World Bank Annual Meetings. Labour Rule Update: Bahrain eased rules allowing foreign workers to take a second job for up to three months with LMRA approval, without transferring the work permit. Tourism Benchmark: Saudi Arabia climbed to 29th in the WEF Travel & Tourism Development Index, while Bahrain ranked 55th. Sanctions & Trade Risks: A New York Times investigation alleges Russian-linked A7 used Kyrgyzstan as a hub for sanction-evasion payments, with shell firms and crypto. Energy & Markets Watch: Oil prices stayed supported amid Strait of Hormuz uncertainty, while Gulf bourses largely retreated after Trump dismissed an Iranian overture.
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