AGP Executive Report
Last update: 10 hours agoTax Readiness: Businesses are being urged to upgrade systems and clean transaction data ahead of planned 10% corporate tax and e-invoicing changes. The draft tax would apply to profits above BD200,000 or annual revenue above BD1 million, with implementation targeted for 2027. Fintech: Fintech Forward 2026 closed with more than 60 agreements and 2,900 attendees. NBB has become the first bank in BENEFIT’s trade finance registry, designed to flag duplicate invoice financing, and launched a new AI-focused startup programme. Industrial Growth: Bahrain’s Industry Ministry and BisB signed a cooperation deal alongside $32 million in financing packages for manufacturers and SMEs. The ministry has also opened bidding for a multi-storey factory complex aimed at smaller industrial firms. Tourism: Bahrain’s new WTTC membership is expected to widen investment and partnership opportunities in the travel sector. Green Economy: A feasibility study has been proposed to turn market and supermarket food waste into biogas and organic fertiliser.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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