Export Bahrain streamline trade links with 51 countries

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Export Bahrain, since its inception, was instrumental in streamlining exports from Bahrain to 51 countries, said a top official.

Fatima Rostam, Head of Export Operations at Export Bahrain, also said that Export Credit Insurance for Small and Medium Enterprises, subsidies, and consultations are among the top services offered by the agency.

Rostam was peaking during a webinar organised by the Bahrain Chamber on export credit insurance solutions in cooperation with “Export Bahrain” and The Arab Investment & Export Credit Guarantee Corporation “DHAMAN”.

The webinar focused on export credit insurance solutions and encouraging small and medium-sized companies into international markets.

In his address, Sawsan Abulhasan, the head of Finance, Insurance and Tax Committee of the Bahrain Chamber, underlined the importance of diversifying business activities and mulling opportunities in international markets to lower risks, enhance competitiveness, and bolster business sustainability. Senior Operations Officer and Head of Marketing at the Arab Investment and Export Credit Guarantee Corporation “Dhaman”, Saleem Lahiani, highlighted the risks associated with international trade and the importance of obtaining credit insurance coverage to mitigate such risks. He explained the benefits of export credit insurance which include facilitating access to foreign markets, enhancing the competitiveness of companies in international markets, and mitigating risks associated with the non-payment of importers.

“Ensuring this also bolsters foreign currency reserves of the Kingdom, trade balance, and job opportunities,” he said.

Adel Zainal, the owner of Albaraka Distilled Water Filling Factory, shared his experience with Export Bahrain.

Export Bahrain aims at supporting and assisting Bahrain-based small and medium-sized enterprises to enhance the scope of their businesses by exporting local services and products to international markets.