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It’s been almost a year since two Indian fishermen went missing in Bahrain and their young families have not been informed. They vanished without a trace while out at sea and the lack of information on their whereabouts has only increased the anxiety felt by the families. To make matters even more dire, they are struggling to survive with the loss of their main breadwinner. On October 17, 2022, Sahaya Celso (37) and Anthony George Vincent (33) left Bahrain aboard the dhow BH9102 for a routine two-day fishing trip. When they did not return, their employer, Tarek Almajid, reported them…
Provided by: Bahrain Economic Development Authority. Bahrain’s Economic Recovery Plan (ERP), first launched in 2021 to steer the island nation from post-COVID recovery to sustainable economic growth in line with its Economic Vision 2030, prioritizes economic diversification and financial stability through a multi-layered approach that encourages investment across key sectors through key incentives and strategies. Ultimately, the ERP aims to enhance Bahrain’s international competitiveness and maintain the country’s position as an attractive investment destination. A prime example of a government incentive designed to encourage increased investment in Bahrain, the Golden License essentially provides significant benefits and streamlined services to impactful…
Image: Getty Images/Giuseppe Cacace According to a recent report by Bahrain News Agency, Sheikh Hisham bin Abdulrahman Al Khalifa, Undersecretary for Nationality, Passports and Residency Affairs (NPRA) at the Ministry of Interior, has launched the residence and work permit renewal service for foreigners outside Bahrain. The development applies to foreign workers, registered workers and domestic workers working in the commercial and government sectors. The service will be provided in coordination with the Labour Market Supervision Authority (LMRA). If you wish to renew your residence permit, this service can be obtained through the Bahrain National Portal. Work permits can be renewed…
Bahrain is proposing a new bill aimed at regulating the recruitment of domestic workers, including capping recruitment fees and workers’ salaries. According to recent local media reports, Bahraini member of parliament Adel bin Abdul Rahman Al Asoumi has tabled a proposal to cap prices and outline recruiters’ contract terms and liabilities in cases of domestic worker absconding. The bill also requires Bahrain to enter into labour agreements with sending countries “to ensure that recruitment fees and salaries are within specified limits.” According to the proposed bill, recruitment fees for domestic workers must not exceed BD550 (US$1,458) and the monthly salary…
Dubai: If you work in the UAE, you may need to provide your work card number to receive certain services, such as when filing a salary complaint or applying for a golden visa. The digital version of the card can be easily accessed through the UAE Pass application, the national digital identity for citizens and residents. The process only takes a few minutes and the service is free. A work card or work permit is issued to all employees in the UAE by the UAE Ministry of Human Resources and Emiratisation (MOHRE) or the free zone where they may be…
Image courtesy of Bahrain EDB Bahrain has granted its first ever “golden licence” offering incentives and simplified services to foreign and local companies bringing large-scale investment projects of more than $1.4 billion into the country. The licences were awarded to Citi, Eagle Hills Diyar, Infracorp, Saudi Telecommunications Company (stc) and Whampoa Group. Bahrain’s investment agency, the Bahrain Economic Development Board (EDB), said companies eligible to receive golden licences have created more than 500 local jobs in their first few years in Bahrain or committed to investing more than $50 million, contributing to strengthening the country’s overall development. EDB said it…
The Kingdom of Bahrain is following other Gulf Cooperation Council (GCC) countries in moving to Bahrainize jobs and reduce the number of foreigners working in the public and private sectors, a move aimed at reducing unemployment, which reached 5.4 percent by the end of 2022, according to official figures from the Council of Ministers.For more stories from The Media Line, visit themedialine.org. Following the government’s policy shift, many companies in Bahrain are now inclined to fire non-Bahraini employees in jobs that are available to nationals, depending on their field of expertise.Bahrain’s unemployment rate fluctuated between 3.7-4% from 2012 until…
Bahrain has introduced a new type of licence that offers incentives and simplified services to foreign and local companies bringing large investment projects into the country. The new licenses are part of an economic recovery plan launched by the Gulf state in October 2021 that aims to create more than 20,000 annual jobs for its nationals by 2024 and attract $2.5 billion in foreign investment by 2023. “Large-scale investments or strategic projects that will create more than 500 jobs in Bahrain or companies with investments exceeding $50 million will be eligible for the licenses,” the government said in a statement…
The Gulf Cooperation Council (GCC) countries have seen a rise in consolidation as pandemic restrictions have been eased, including corporate strategic M&A transactions in Bahrain, particularly in the banking sector.Kuwait Finance House (KFH) completed its acquisition of Ahli United Bank (AUB) in October 2022 and consequently created one of the largest banks in the GCC. More than 97% of AUB share acceptances were received, surpassing the minimum requirement of 90% for squeeze-out. KFH exercised its squeeze-out rights against the remaining shareholders.Citibank exited the retail banking business by selling its consumer banking business to AUB in December 2022.Al Salam Bank announced…
The month of Ramadan is considered the most sacred and holy month in the Islamic Hijri (lunar) calendar. During the month of Ramadan, Muslims are required to increase their level of spiritual and physical submission to God through fasting, which means that Muslims must abstain from eating, drinking, smoking, and marital sex from dawn to dusk. In Bahrain, companies and government agencies typically reduce working hours during Ramadan out of respect for Muslim religious practices. In preparation for the holiest month, Bahrain has updated its Ramadan 2024 working hours. Ramadan 2024 working hours Bahrain Private and public sector employees in…