Saudi, Bahraini Customs discuss cooperation

The meeting in Riyadh was attended by customs officials from the Kingdom and Bahrain.
Updated 26 March 2019

Saudi, Bahraini Customs discuss cooperation

Saudi Customs officials and their Bahraini counterpart held their third bilateral meeting in Riyadh recently.

The gathering was headed by Ahmed bin Abdulaziz Al-Hakbani, governor of the General Customs Authority of Saudi Arabia, and Ahmed bin Hamad Al-Khalifa, president of Bahrain Customs. The meeting, attended by customs officials from the Kingdom and Bahrain, aimed to enhance mutual cooperation and coordination between the two countries. 

Al-Hakbani said: “This meeting comes in line with the constantly developing relationship, shared vision and common objectives between the two neighboring countries.” He said the objective of the bilateral meeting is to enhance communication and coordination between the Saudi and Bahraini customs departments in order to consolidate efforts, strengthen cooperation, overcome obstacles and find mutual solutions.

Al-Hakbani said the targeted integrated work between the customs bodies of the two countries will enhance intra-regional trade through coordinated and sustainable customs procedures.

In his speech, Al-Khalifa highlighted the importance of the meeting in achieving “bilateral economic integration through the implementation of customs procedures that facilitate trade and accomplish mutual goals.”

The meeting addressed many customs-related topics, including the issue of the joint border checkpoint.

Furthermore, deliberations included setting common processes to coordinate with the World Customs Organization (WCO), implementing the link of the comprehensive customs tariff by the Bahraini Customs, and linking the Saudi and Bahraini border systems. The meeting also addressed the implementation of the detailed mutual recognition plan for the Authorized Economic Operator (AEO) programs in both the countries.

Amongst the important security-related subjects that were discussed, was the proposed plan for the security team and exchange of information, which was approved and agreed upon during the meeting.

At the end of the meeting, both parties agreed on the importance of continuous coordination to achieve the Saudi and Bahraini customs objectives.

Top CEO Conference & Awards wraps up in Bahrain

Updated 17 April 2019

Top CEO Conference & Awards wraps up in Bahrain

The Top CEO Conference & Awards 2019, organized by TRENDS magazine — Mediaquest and international business school INSEAD, has concluded at the Al-Areen Palace and Spa in Bahrain. The event, held on Thursday, included seven key panel discussions under the theme “Growth in a Volatile Future” as well as the Top CEO Awards 2019 ceremony, which recognized the region’s most successful and trendsetting CEOs from more than 700 companies listed on GCC stock exchanges.

Top business leaders and more than 30 speakers from across the GCC shed light on the Middle East’s dynamic but volatile region and the burning issues facing the corporate world today. This year’s theme focused on a score of relevant issues, such as oil price fluctuations, tech disruptions, armed and political schisms that pose new risks, and opportunities. Speakers such as renowned economist Professor Nouriel Roubini provided growth solutions and road maps for businesses in the GCC region.

Alexandre Hawari, CEO of Mediaquest, said: “In its fifth edition, the Top CEO Conference & Awards fully encapsulated the theme of ‘Growth in a Volatile Future’ by acknowledging and exploring the growth transformation that the region is undergoing through digitalization and the fourth industrial revolution amid geopolitical tensions, looming trade wars and a rapidly evolving business environment. Building on the huge success of the previous years, the Top CEO Awards 2019 recognized CEOs and companies who have raised the bar by navigating challenges, implementing new strategies, and have demonstrated unquestionable growth, profitability and excellence in corporate governance.”

The conference kicked off with an opening keynote from Jassim Al-Seddiqi, CEO of the Abu Dhabi Financial Group and chairman of GFH Financial Group, who delved into the potential of transforming the region into a fintech hub and the importance of jumping on the digital bandwagon. 

The prime panel discussion on the “Future of Growth Amid Volatility” brought together five CEOs who explored methods to create future-proof strategies that can not only tackle challenges but also boost growth in a tough geopolitical and economic climate. 

Hisham Al-Rayes, CEO and board member of the GFH Financial Group, said: “Investing in the future in areas such as fintech, education and technology, the foundations for strong, enduring knowledge-based economies, is a priority for the group and the governments of the region in which we invest.”

“The Blockchain Opportunity” and “The Human Factor and Tech Innovation” panels brought together industry experts from Facebook, the Bahrain FinTech Bay and King Abdul Aziz University. 

“The Future of Women’s Business Leadership” panel discussed positive strides taken by GCC governments and businesses in leveling the playing field for women professionals.