AGP Executive Report
Last update: 10 hours agoEconomic Outlook: The IMF expects Bahrain’s economy to contract 11.3% in 2026 as the prolonged Strait of Hormuz disruption hits oil production, shipping and trade. It forecasts a sharp rebound in 2027 as activity normalises. Industrial Investment: Honeywell will provide technology and engineering services for GPIC’s planned aromatics complex in Sitra, designed to produce 1.2 million tonnes of paraxylene and 500,000 tonnes of benzene a year. Digital Finance: NBB has partnered with TerraPay to expand international payouts, while CrediMax and Bab AlBahrain will upgrade a financial management and payments platform. Business Rules: Bahrain has introduced temporary rules allowing foreign workers to work for another employer for up to 90 days, offering businesses added staffing flexibility. Startups: Tenmou will host the 11th MENA Angel Investors Summit in Bahrain on November 18, bringing investors and entrepreneurs together.
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