BAHRAIN NEWS AND BUSINESS UPDATES

Your starting point for all the latest news stories concerning business, legal and other stories and events concerning Bahrain and the Gulf region.

Prediction of an AI boom in the Middle East, contributing $320 billion to the region’s economy by 2030.

“Bahrain readies for $320bn Mideast AI boom.” abc-bahrain.com 6 Nov, 2019 The World Economic Forum’s Centre for the Fourth Industrial Revolution Network has hosted a workshop in Manama to discuss the future of public Artificial Intelligence (AI) procurement, in partnership with the Bahrain Economic Development board and Bahrain’s Information & eGovernment Authority (iGA). 

Rera’s new Real Estate Databank to pilot in Q1 2020 benefiting investors and property developers.

Oommen, Anup “Bahrain’s Rera to launch Real Estate Data Bank pilot phase in Q1 2020” constructionweekonline.com 7 Nov 2019 The Board of Directors of Bahrain’s Real Estate Regulatory Authority (Rera) has revealed that the Real Estate Data Bank – which aims to provide investors and property developers with accurate, reliable, and timely data in order […]

Award-winning UK company wins contract to upgrade the Tubli Reclaimed Water Production Centre in Bahrain.

UK-based Bluewater Bio, water and waste-water treatment specialists with a presence in over 80 sites globally, will use its technologies to more than double the plant’s water re-use capacity. To read more click here.

Bids for multiple tenders are opened at a key meeting in Bahrain.

Bids for sixteen tenders were opened by Bahrain’s Tender Board for eight purchasing authorities during a key meeting in Manama on 3 October. See article at www.zawya.com

Tenders worth $11m (BHD4.1m) were awarded in Bahrain in August 2019.

Fourteen tenders were awarded by Bahrain’s Tender Board with nine tenders covering roads, sanitation, construction and maintenance projects. To read more click here.

Bahrain SME’s have until 20 December 2019 to register for value-added-tax (VAT).

Officials are urging SME’s to register by the December deadline to avoid hefty penalties and/or imprisonment. To read more click here.