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Bahrain Mumtalakat Holding Company B.S.C. (Mumtalakat) is the sovereign wealth fund of the Kingdom of Bahrain. [2] It was established by Royal Decree in 2006 and is wholly owned by the Government. [1] Mumtalakat actively sought investment opportunities locally, regionally and internationally.
The Bahrain Economic Development Board played a crucial role in enhancing Bahrain's investment climate, actively facilitating the entry of international investors and expanding the sectors open to 100% foreign ownership, including significant initiatives in the oil and gas sectors under certain conditions. [28]
The Bahrain Development Bank (BDB) (Arabic: بنك البحرين للتنمية) is a development finance institution established to by the Government of Bahrain to promote investments in the country. [1] BDB is registered with the Ministry of Industry and Commerce and licensed by the Central Bank of Bahrain as a conventional retail bank. [2]
Like many other Middle Eastern economies, Bahrain has been trying to move away from its dependence on fossil fuels. In 2000, oil and gas made up 44% of its GDP; now that figure is 16%. “Economic ...
The KIPCO Group is one of the biggest holding investment companies in the Middle East and North Africa, with consolidated assets of US$29 billion as at Q3 2013. It is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB), a closed joint stock company and is incorporated in the Kingdom of Bahrain. [3]
Location of Bahrain. Bahrain is a small Arab monarchy with the first post-oil economy in the Persian Gulf region. [1] Since the late 20th century, Bahrain has invested in the banking and tourism sectors. [2] Many large financial institutions have a presence in Manama, the country's capital.
The company aims to generate 20% of Bahrain's energy from renewable sources by 2035 and continues to seek investment opportunities in renewable energy projects and carbon reduction technologies. [17] [18] [19] In March 2024, BAPCO began a cooperation with TotalEnergies in order to optimize its Sitra refinery.
Bahrain Development Bank B.S.C. BDB: 22 January 1992 Government: bdb-bh.com: Bank of Bahrain and Kuwait B.S.C. BBK: 16 March 1971 Ithmaar Bank: bbkonline.com: Bahrain Middle East Bank B.S.C. BMB 3 December 1980 AN Investment [5] bmb.com.bh: Bank Al Habib Wholesale Branch, Manama Bank Al Habib: 17 September 2005 Dawood Habib: bankalhabib.com ...