“Trade exchanges are expected to continue growing to reach $70 million, boosted by Bahrain’s exports of aluminum and petrochemicals”, said Russian Ambassador Vagif Garaev.
UAE, KSA, Kuwait to Enhance Bahrain Fiscal Stability
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
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He stressed steadily-growing economic and trade cooperation between Manama and Moscow, hailing deep-rooted historic ties binding Bahrain and Russia.
He expressed the hope that Bahrain’s exports to Russia expand steadily to include more industries and local products, other than aluminum and petrochemicals and oil byproducts.
He said that 5 to 6 Russian companies have the desire to enter Bahrain’s market in several economic sectors. He underlined the possibility of attracting more Russian firms to Bahrain to choose the Kingdom as a gateway to the Gulf Cooperation Council (GCC) states and the Middle East.
Bahrain will be the next country to implement five per cent value-added tax (VAT) after the UAE and…
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
