Doing Business Report Proves Kingdom on the Right Track: CP
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HRH Prince Salman direction, said HRH the Crown to continue his works in this HM King Hamad expressed • Prince. direction. his pride in the achievement pledges to continue “This achievement is a source The outstanding accomplish- and stressed, “It reflected the diversification efforts of pride and results from the ment, Crown Prince said, indi- ability of Bahrainis to rise to the guidance and support of His cates the works of the executive occasions, meet challenges and TDT | Manama Majesty King Hamad bin Isa Al and legislative branches, the pri- achieve successive successes Khalifa,” said HRH Prince Sal- vate sector and NGOs together as that place Bahrain in a leading man bin Hamad Al Khalifa in a ‘Team Bahrain’. position in the world.” ahrain’s improved ranking congratulatory message sent to Separately, His Majesty sent His Majesty hailed Prince Sal- Bin the World Bank Group’s HM the King. a cable to His Royal Highness man for leading the Executive ‘Doing Business 2020’ report Taking pride in the achieve- Prince Salman thanking his sup- Committee which played a sig- is a confirmation to the King- ment, the Crown Prince, Deputy port to Bahrain’s progress and nificant role in placing Bahrain dom’s diversification efforts Supreme Commander and First achievements towards a bright- among the advanced economies. HRH Crown Prince HM the King Outstanding achievement World Bank’s Doing Business 2020 report places Bahrain among the top 10 improvers globally and second among the Arab countries TDT | Manama ity (EWA) reduced the overall time required to connect to the ahrain has figured among grid by 16 days, leading to an the top 10 improvers glob- improvement of 10 ranks glob- Bally and second among ally in the indicator for getting the Arab countries in the World electricity. Bank’s Doing Business 2020 re- 19 Adopting new technologies port. Bahrain jumps 19 ranks also resulted in improving the The Kingdom’s advancement, to 43 on a ranking of 190 Kingdom’s cross-border trade, by 19 ranks to 43 on a measure economies with exports playing a vital role of 190 economies, is the “direct in boosting the country’s econ- result of Bahrain’s progress in omy. accelerating investment-driv- ry framework. Bahrain further strengthened en economic development, in Thanks to Benayat, Bahrain’s access to credit, which helped to line with the vision of HM King construction permit issuing pro- improve the Kingdom’s position Hamad bin Isa Al Khalifa,” said cess improved significantly also by 18 ranks globally. the Minister of Finance and Na- moving the Kingdom up 40 plac- The Kingdom’s ranking im- tional Economy. es to 17th globally. proved by 69 places to 59th Congratulating His Majes- Bahrain welcomes its ranking among the top 10 improvers in the World Bank’s Doing Business 2020 report Property registration in just globally in enforcing contracts ty the King on the Kingdom’s The minister also congratu- Commander and First Deputy ities, private sector and NGOs) two-days time managed a sig- and 33 places to 60th globally achievement, Shaikh Salman bin lated HRH Prince Khalifa bin Prime Minister on the achieve- Team Bahrain in improving the nificant boost to Bahrain’s busi- for resolving insolvency follow- Khalifa Al Khalifa said the glob- Salman Al Khalifa, the Prime ment. Kingdom’s business environ- ness-friendly atmosphere and a ing the enactment of the Re - al recognition further bolsters Minister and HRH Prince Sal- Shaikh Salman further high- ment alongside the introduction nine-place lift in global rankings organisation and Bankruptcy Kingdom’s development efforts man bin Hamad Al Khalifa, the lighted the efforts of (Executive, of new initiatives and upgrada- to 17 worldwide. Law. and competitiveness. Crown Prince, Deputy Supreme Legislative and Judicial Author- tions to the Kingdom’s regulato- Electricity and Water Author- (See page 3) Saudi Arabia Kurdish forces start Syria-Turkey border pullback names new foreign AFP | Qamishli, Syria minister urdish forces in north- DON’T MISS IT eastern Syria left several Kpositions along the long border with Turkey yesterday, complying with a deal that sees Bahrain leads the Damascus, Ankara and Moscow carve up their now-defunct au- 03 world in reforms tonomous region. Russian forces have started His Majesty the patrols along the flashpoint King establishes frontier, filling the vacuum 04 Sustainable left by a US troop withdraw- Prince Faisal Bin Farhan Al Saud al that effectively returned a Russian forces have started patrols along the Syria-Turkey border, filling the vacuum left by a US troop withdrawal that Energy Authority third of the country to the Mos- Riyadh effectively handed back a third of the country to the Moscow-backed regime of President Bashar al-Assad cow-backed regime of President Embrace fintech Bashar al-Assad. audi Arabia has appoint- 08 to drive growth, Al A correspondent saw a Rus- residual contingent behind border on Thursday. The Observatory also report- Sed a new foreign min - Maraj tells bank sian patrol set off from the “where they have the oil”. “The SDF have withdrawn ed clashes near the town of Tal ister with experience in town of Qamishli westwards The deal signed in the Black from positions between Der- Tamr between SDF fighters and Western capitals. along the Turkish border flying Sea resort by Syria’s two main basiyeh and Amuda in the some of the Syrian former rebels Prince Faisal bin Farhan Russian flags, accompanied by foreign brokers gives Kurdish Hasakeh countryside,” the Brit- paid by Turkey to fight ground -- a one-time adviser to Kurdish security forces. forces until Tuesday to with- ain-based war monitor’s head, battles. Crown Prince Mohammed US President Donald Trump draw to a line 30 kilometres (19 Rami Abdel Rahman, said. Turkish President Recep bin Salman and currently 210 fils (includes VAT) has praised the agreement miles) from the border. Fighters of the Kurdish Peo- Tayyip Erdogan, who is embat- ambassador to Germany -- reached in Sochi by NATO mem- The Syrian Observatory for ple’s Protection Units (YPG) -- tled on the domestic political will replace Ibrahim al-As- ber Turkey and Russia and re- Human Rights reported that the the main component of the SDF front, hopes to use the pocket saf who was in the role for joiced that US personnel were Kurdish-led Syrian Democratic -- remained in many positions to resettle at least half of the less than a year. leaving the “long blood-stained Forces had pulled out of some along the 440 kilometre (275 3.6 million Syrian refugees his Assaf was demoted to sand” of Syria, leaving just a areas at the eastern end of the mile) border, he added. country hosts. minister of state..