Gateway Gulf's Second Edition Concludes on a High Note with over USD 12 Billion of Announcements and Deals

MANAMA, Bahrain, Nov. 5, 2024 /PRNewswire/ -- A total of 32 landmark announcements and deals over USD 12 billion were announced at the second edition of Gateway Gulf 2024, which ran between 3 – 4 November. Organised by Bahrain Economic Development Board (Bahrain EDB), the forum was attended by 250 ministers and business leaders from around the world and highlighted significant trade and investment opportunities in Bahrain and the wider Gulf, as the region's economies increasingly drive growth in non-oil sectors.

In finance, Al Salam Bank (ASB) announced the launch of ASB Capital, a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Investcorp announced key investment related initiatives, and SICO Bank introduced diversified investment products. J.P. Morgan Payments announced plans to hire technologists in Bahrain. Additionally, Singapore Gulf Bank announced the launch of corporate banking services for the global digital economy.

Highlighting Bahrain's digital transformation momentum, ARRAY Innovation signed three partnerships with the National Bank of Bahrain (NBB), Aluminium Bahrain (Alba), and the Labour Fund (Tamkeen) to promote advanced enterprise software, analytics, artificial intelligence, and machine learning solutions. Beyon unveiled its visionary digital city and signed a development agreement with Edamah.

In manufacturing, Alba and Daiki Aluminium reaffirmed their commitment to establishing a sustainable aluminium dross processing facility in the Kingdom of Bahrain. Racing Force Group and Bahrain International Circuit announced the completion of the Bell Racing Helmets factory extension and groundbreaking for its new open manufacturing production (OMP) facility. Meanwhile, Bapco Energies also announced reaching a decisive milestone of expanding its refining capacity in compliance with the latest sustainability regulations under Bapco Modernisation Program (BMP).

Key projects were announced by Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, including the opening of its latest resort Hawar by Mantis. Infracorp, a leading company specialised in infrastructure investment and sustainable development, revealed an agreement with Kempinski to launch Harbour Heights Kempinski Hotel and exclusive branded residences in the heart of Manama's exclusive Bahrain Harbour.

Government announcements included details from Bahrain's Ministry of Industry & Commerce about a National Industrial Development Fund and SMEs Development Fund. The Ministry of Housing and Urban Planning outlined plans for the development of 3,000 residential units and apartments in Khalifa City, while Mumtalakat, Bahrain's sovereign wealth fund, signed several partnership agreements across key verticals of their portfolio.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Gateway Gulf's Second Edition Concludes on a High Note with over USD 12 Billion of Announcements and Deals

BEIJING, Nov. 5, 2024 /PRNewswire/ -- A report from China Daily: A total of 276 young speakers from around the world gathered on the shores of Taihu Lake in Wuxi, Jiangsu province, to make their voices heard through China Daily's flagship English speaking competitions.

The 6th Belt and Road Youth English Speaking Competition Global Final and the 29th "21st Century Cup" National English Speaking Competition Grand Final were held in Wuxi from Oct 17 to Oct 21.

The Belt and Road competition's global final attracted contestants from more than 50 countries and regions, while the "21st Century Cup" event drew finalists from among more than 600,000 young people from 34 competition zones nationwide, all eager to share China's story with the world.

The competitions covered a wide range of topics, from personal reflections on traditional culture to in-depth insights about the coexistence of different civilizations.

In the Belt and Road Youth English Speaking Competition Global Final, Khaurisa Sarah Makhubele from South Africa emerged as the champion. In the "21st Century Cup" National English Speaking Competition Grand Final, Sun Yiting from Chongqing University was crowned champion in the college category, while Wang Yuting from Nanjing University took the top honor in the youth category.

The award ceremony also included a youth conference dedicated to the Global Civilization Initiative, which offers Chinese wisdom and solutions for global governance from a cultural standpoint.

At the conference, five exceptional young individuals from China, the United States, Pakistan, Russia and Zimbabwe shared their stories and experiences in fostering cultural exchange and integration between China and other nations.

In the face of a complex and dynamic global situation, the events emphasized cross-cultural dialogues among young people from different countries.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Events make the voices of global youth better heard