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- QSE index closes lower
- Hamad Port handles 133,112 TEUs container volumes, RORO sees 48% increase in June
- Bahrain All Share Index marks 1,946.83 points
- Youth-led businesses in Saudi Arabia account for over a third of all commercial registrations
- Oman Cables accelerates sustainable growth by obtaining EPD certifications
- Emirates NBD closes $1bn finance deal for Dubai Metro Blue Line project
- Gulf Countries Committed to Completing GCC Railway Project for Development & Prosperity
- US rate uncertainty concerns QSE as index eases; yet M-cap adds QR2.83bn
- Bahrain, US firms sign $17bn in deals to deepen economic ties, news agency BNA says
- Closing Bell: Saudi main index closes in red at 11,038
17/07/2025 01:56 AST
Bahraini and US companies signed a series of agreements worth approximately $17 billion, aimed at strengthening economic ties and advancing cooperation across key sectors, Bahrain's state news agency BNA reported on Wednesday.
The deals span sectors such as aviation, technology, industry, and investment.
Among the agreements, Cisco Systems will provide digital solutions for Bahrain's government information and telecommunications infrastructure. Separately, plans were announced to establish an 800-km, or 497-mile, multi-fiber submarine cable linking Bahrain, Saudi Arabia, Kuwait, and Iraq to global networks, according to BNA.
Bahraini financial institutions and private-sector firms also announced plans to invest $10.7 billion in the US, while sovereign wealth fund Mumtalakat signed deals with several US companies to invest $2 billion in downstream aluminum projects, with a focus on job creation.
The signing ceremony took place during Bahraini Prime Minister and Crown Prince Salman bin Hamad Al Khalifa's visit to Washington late on Tuesday.
He emphasized that expanding cooperation with the US could help create new economic opportunities through investment and collaboration.
In 2023, Bahrain and the US signed a security and economic agreement, and Bahrain continues to host the US Navy's Fifth Fleet and the headquarters of the US Naval Forces Central Command.
Arab News
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17/07/2025
Qatar's main gateway to world trade, Hamad Port enables seamless and secure cargo flow. It unlocks greater growth potential and strengthens the country's role as a key commercial and logistics hub in
The Peninsula
17/07/2025
Saudi youth-owned businesses now represent 38 percent of the Kingdom's total active commercial registrations as of the second quarter of this year, according to the Ministry of Commerce.
The
Arab News
17/07/2025
Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi said on Wednesday that the GCC member states, through their technical committees, are focused on completing the GCC Railway Pro
Asharq Al Awsat
17/07/2025
Saudi Arabia's entertainment landscape is set for a major boost with the awarding of a SR5.75 billion ($1.53 billion) contract to construct a 20,000-seat arena as part of the Diriyah development.
Arab News
17/07/2025
Saudi Arabia's capital is rapidly transforming into a leading global wealth hub, fueled by the Kingdom's successful economic diversification under Vision 2030, a recent Knight Frank report said.
Arab News
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