Wednesday, September 30, 2020

BIM can help companies diversify their products and services

Members of the International Advertising Association (IAA) Bahrain Chapter attended an orientation session organized by the Bahrain Bourse (BHB) in which they received an introduction to the Bahrain Investment Market (BIM), an equity market launched in March 2017 for growing business ventures in Bahrain and the wider MENA region.

In addition to explaining the BIM concept and regulations, the BHB focused on the unique benefits eligible companies can gain by listing on the BIM.

“Savvy businessmen know that today’s globalized economy and new technologies mean companies must constantly innovate in order to compete. This often requires substantial capital investment which the companies may find difficult to attain through traditional means,” said Bahrain Bourse CEO Shaikh Khalifa bin Ebrahim Al Khalifa.

“The Bahrain Investment Market’s accessible capital-raising solutions can be a suitable option for businesses looking to expand and diversify their service offerings, thereby enhancing their sustainability,” Shaikh Khalifa bin Ebrahim Al Khalifa continued.

Chairman of the IAA Bahrain Chapter Mr. Khamis Al-Muqla echoed this sentiment, noting that the traditional media model has become outdated due to the change in people’s media consumption behavior brought on by technology, forcing companies in this sector to re-think their strategy.

“Like many other industries, the media landscape has witnessed a dramatic shift in the last 15 to 20 years due to the emergence of new technologies and media platforms, as well as the increase in internet penetration. Companies in our sector must embrace this change and adapt their services accordingly,” said Al-Muqla.

“Having an efficient and relatively low-cost means of raising capital such as the Bahrain Investment Market is a tremendously valuable advantage that companies in our sector need to seriously consider as they look to invest in diversifying their revenue generation streams,” Al-Muqla added.

Al-Muqla had revealed this past April that advertising expenditure in Bahrain slightly decreased from USD 76 million in 2015 to USD 74 million in 2016, but noted that the share of digital and social media had sharply increased, with some sources estimating it as high as 20% of the total advertising expenditure.

Companies interested in listing on BIM and specialized advisory firms interested in becoming authorized by the BHB may contact the dedicated Help Desk by calling (+973) 17 261260 or emailing info@bahrainbourse.com.

MOST READ

Business ventures from Thailand continues in The Kingdom of Bahrain

Since the outbreak of Covid-19 that has unleash an economic downfall, Thai business collaborations continues, expanding business ties between The Kingdom of BAHRAIN AND...

The 90th National Day of Saudi Arabia is Hailed!

The Kingdom of Saudi Arabia’s leadership and people celebrated, the 90th National Day of Saudi Arabia, on September 23rd, after the historical announcement of...

Microsoft’s new Xbox app for iOS includes game streaming

Microsoft is about to release a big Xbox app update for iOS that includes the ability to stream Xbox One games to an iPhone....

Education Minister participates in virtual meeting

Minister of Education Dr. Majid bin Ali Al Nuaimi participated in the Arab Education Ministers meeting on endorsing the document of developing education in...

UoB Students Can Pay for Courses and Buy Textbooks Online Via Bahrain.bh!

A busy academic year ahead, compounded with the pressures of maintaining social distancing, may find some students feeling overwhelmed. Such challenges have been a...

HM King addresses United Nations General Assembly

His Majesty King Hamad bin Isa Al Khalifa has delivered Bahrain’s address to the 75th session of the United Nations General Assembly in New...

NSSA announces NASA SpaceApps Challenge

The National Space Science Agency (NSSA) has announced its online registration for university and high school students to participates in the NASA Space App...

Batelco’s Initiative to Waive 500 SME’s Broadband Bills for Three Months Much Appreciated by Business Sector

A number of business owners have extended their appreciation to Batelco for the financial support towards their fixed internet cost for 3 months in...

BeAware App to offer coronavirus PCR test certificate service

The Information & eGovernment Authority (iGA) Chief Executive, Mohammed Ali Al Qaed announced that the “BeAware Bahrain” App will begin providing a Real Time...

Gulf Air proudly resumes direct flights to and from Saudi Arabia

Gulf Air, the national carrier of the Kingdom of Bahrain, proudly announces the resumption of its direct flights to and from the Kingdom of...

Bahraini hero Hamza Kooheji beats Aidan James and edges closer to a BRAVE CF title shot

Bahrain’s own Hamza Kooheji earned perhaps the biggest victory of his career as he walked away with a split decision win over Aidan James,...

STAR Quiz Challenge 2020 resurfaces in an all-new avatar

Calling all quiz enthusiasts... the wait is over! Star Plus, the region’s leading television channel, is proud to announce the commencement of the 10th...

BRAVE CF and BTEA partner for Kombat Kingdom series

BRAVE Kombat Federation, the biggest sports-brand in Bahraini history, is partnered up with the Bahrain Tourism & Exhibitions Authority to showcase to BRAVE Nation...

The National Medical Taskforce for Combating the Coronavirus (COVID-19) provided an update on the COVID-19 response in the Kingdom

The National Medical Taskforce for Combating the Coronavirus (COVID-19) today held a press conference at the Crown Prince Centre for Training and Medical Research...

Launch of the “Made in Bahrain” initiative and Broadcasting Chinese Macau Orchestra Concert on the Occasion of World Tourism Day

The Bahrain Authority for Culture and Antiquities celebrated the World Tourism Day, Sunday, September 27, 2020, with launching the “Made in Bahrain” initiative, and...