Sunday, September 20, 2020

Countdown to Brexit focus of discussion at Bahrain British Business Forum meeting

Bahrain British Business Forum (BBBF) hosted its monthly business networking meeting at the InterContinental Regency Bahrain Hotel. A presentation by Paula Boast, BBBF Deputy Chair, focused on the effects of the impending Brexit and its impacts on business.

In her address, Ms Boast deliberated the possible outcomes and consequences of Brexit and the precautions businesses should take to minimise disruption to their business. Some of the expected major impacts include differences in accountancy and auditing, civil legal cases, structuring of businesses, data protection and intellectual rights, public procurement, business travel; visas, passports and border control, employing people, workplace rights and social security.

Practical advice in case of UK leaving the EU with no deal was given for businesses, as well as for people going to work in the EU.

Ms Boast outlined some possible effects of Brexit on the Middle East which could include weaker, more inward looking Europe, which might affect various initiatives across the region such as sustainability projects, infrastructure, governance guidance and healthcare. More interventionist, self-interested UK foreign policy in the region could see the UK trying to assert its position in the Middle East to maintain its relevance and influence. Brexit could also mean more volatility in the Middle East markets, with an increase in trade and investment, as well as increase in inflation.  Impacts on imports and supply chain disruptions are also likely.

Ms Boast finished her presentation by highlighting the immediate impacts of Brexit locally including travel, investments, real estate and retail sectors.

MOST READ

RHF Secretary-General visits flood-affected areas in Sudan

Royal Humanitarian Foundation (RHF)'s Secretary-General Dr. Mustafa Al-Sayed, visited some areas affected by the floods and torrents that swept Sudan. This came under the directives...

The aftermath of a historic night for BRAVE CF and Arab MMA

BRAVE Combat Federation’s vision of globalizing the sport started within the Arab world, which was often overseen by many other organizations, and to provide...

stc Bahrain collaborates with INJAZ Bahrain to host a no. of virtual workshops

stc Bahrain, as a world-class digital enabler partnered with INJAZ Bahrain to host its Virtual Innovation Camp and Virtual Job Shadow workshops, in support...

Declaration Supporting Peace: A historic, brave step aimed to enhance regional security and stability

The declaration supporting peace signed by the Kingdom of Bahrain with the State of Israel is a historic move towards establishing peace in the...

The American University of Bahrain (AUBH) welcomes class of 2024

The American University of Bahrain (AUBH), re-opened its campus in Riffa, following an orientation session for the incoming Class of 2024 students. AUBH Founding...

KHK MMA dominates at BRAVE CF 41 with four huge victories

BRAVE Combat Federation hosted the first of three groundbreaking events last Thursday in the Kingdom of Bahrain, with seven bouts taking place behind closed...

Health Minister receives Indian ambassador

Health Minister Faeqa bint Saeed Al Saleh, received Indian Ambassador to Bahrain Piyush Srivastava. The minister praised the historical relations between Bahrain and India in...

HH Khalid bin Hamad congratulates ‘Your Talent at Home’ winners

First Deputy Chairman of the Supreme Council for Youth and Sport (SCYS) and President of Bahrain Olympic Committee (BOC) His Highness Shaikh Khalid bin...

stc Bahrain joins stc Group as the diamond sponsor of Virtual Capacity Middle East

stc Bahrain, a world-class digital enabler, joins stc group Kuwait and KSA as a Diamond sponsor of the virtual Capacity Middle East Conference 2020,...

Bahrain marks World Patient Safety Day

Bahrain joins the world in marking the World Patient Safety Day observed on September 17. This year's theme is “Health Worker Safety: A Priority...

Carrefour Bahrain Introduces ‘Click and Collect’: The Latest Innovation for Faster and More Flexible Online Shopping

Carrefour, operated by Majid Al Futtaim in the Kingdom of Bahrain, is introducing Click and Collect, a new service that will give online shoppers...

Interior Minister: valid PCR certificates for entry to Bahrain via causeway

The Interior Minister General Shaikh Rashid bin Abdullah Al Khalifa said that Polymerase chain reaction (PCR) certificates accredited by the Saudi Health Ministry within 72...

iGA announces jump in usage of government app & eServices

Government digital transformation efforts are proceeding at breakneck speed, as reflected by the quarterly eServices statistics report, which recorded a 20 fold surge in...

Kdan Mobile’s DottedSign Includes AATL Certificates to Ensure Users the Highest Level of Electronic Signature Process

Kdan Mobile Software Ltd., a global software as a service (SaaS) company, has announced that its e-signature service DottedSign now includes a digital identity...

Bahrain exports BD190 Million Worth of Products of National Origins during August 2020

The Information &eGovernment Authority (iGA) issued its foreign trade report of August 2020, encompassing data on the balance of trade, imports, exports (national origin),...