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Bahrain Roundup

Suad Hamada / 14 March 2012

Bahrain to host World Maritime Day Parallel Event 2012 in October

The General Organisation of Sea Ports (GOP) has announced that Bahrain was selected as the venue for the World Maritime Day Parallel Event 2012 by the International Maritime Organisation (IMO) Council.

This high-profile event will focus on maritime-themed activities based on the 2012 theme — ‘IMO: One hundred years after the Titanic”.

The theme calls back to the organisation’s very roots, and will take stock of the improvements made over the past 100 years in ensuring the safety of life at sea.  High level representatives from the international maritime community are expected to attend the event in Bahrain which is scheduled to take place this year on October 17 and 18.

Commenting on the announcement Hassan Ali Al Majed, Director-General of the GOP said:  “We are honoured that the International Maritime Organisation has selected Bahrain as the venue to celebrate the World Maritime Day Parallel Event this year. Bahrain has a truly rich maritime legacy stretching back hundreds of years, and in 2010, we began celebrating World Maritime Day as part of Bahrain Maritime Festival.  We look forward to taking it a step further this year with the Parallel Event.”

Mumtalakat underlines commitment to corporate governance

Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has maintained its high ranking for transparency in the independent Linaburg-Maduell Transparency Index issued by the Sovereign Wealth Funds Institute (SWFI). Placed in the top tier of its global peers, the ranking reinforces the institution’s commitment to the highest standards of corporate governance and accountability.

In the quarterly study by the US-based SWF Institute, Mumtalakat was placed alongside the sovereign wealth funds for South Korea and Canada with a rating of nine out of a possible 10. Out of the 44 firms from around the world reviewed by the SWF Institute, more than half scored less than eight on the index, which is what the Institute regards as the accepted minimum requirement for transparency.



Computer trainingfor 15,015 Bahrainis

The Labour Market Regulatory Authority (LMRA) and e-Government Authority (EGA) agreed on a cooperation project (building capacities) which aims at developing the computer knowledge and raise awareness among Bahrainis.

The project aims to train 15,015 Bahrainis in an effort to build a society rich with computer knowledge and key skills that provides citizens and government employees with the capabilities required to deal with the latest technological developments.

The Economic Development Board’s CEO Shaikh Mohammed bin Isa Al Khalifa welcomed the US-based Enerflex Corporation’s announcement of its intention to open a branch office in Bahrain after the company was awarded a contract with Petroleum Development Company.

Enerflex (US-Inc.) is a leading company specialised in the domain of gas pressure and maintenance operations services.

Shaikh Mohammed in a statement said that the decision taken by Enerflex to carry out its business in the region by opening a branch office of the company in Bahrain reflects the attractiveness of the Bahraini economy and current growth in the oil and gas sector which constitutes a basic pillar in our national economy. He  welcomed the existing cooperation between Enerflex and Oil Development Company under a partnership contract signed by both, asserting that the attraction of overseas companies provides a perfect opportunity for exchanging expertise and training of Bahraini employees and developing their careers and specialisations.


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