Oman and Saudi Arabia to participate in the Startup20 meeting
Oman and Saudi Arabia will participate in the second Startup20 meeting, set to occur in Rio de Janeiro from April 15 to 18 during the Web Summit Rio.
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This global dialogue forum, which is part of TheĀ Group of Twenty (G20) and focuses on the startup and technology ecosystem, brings together representatives from 23 countries.
The Brazilian Association of Startups (Abstartups), which organizes the Startup20 meeting, has disclosed this information. The Web Summit Rio is recognized as one of the top global events for business and innovation.
Delegates from Oman and Saudi Arabia, along with representatives from Angola, Argentina, Bangladesh, Brazil, China, the European Union, Finland, France, Germany, India, Indonesia, Italy, Norway, Portugal, Russia, Spain, Switzerland, Turkey, the United States, the United Kingdom, and Uruguay, have confirmed their attendance.
The discussions at Startup20 will cover a range of topics including public policy, governance, environmental, social, and corporate governance, funding, venture capital partnerships, and regulations on artificial intelligence, among others. On the final day of the event, Abstartup plans to guide attendees on tours of startups and related projects.
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Saudi Arabia ranked first among countries for the non-oil exports of national origin with BD201 million (22%)
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Bahrain’s non-oil exports of national origin decreased by 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same period in 2023. The top 10 countries accounted for 64% of the total export value.
According to the Information & eGovernment Authority (iGA) in its Q2 2024 Foreign Trade report, Saudi Arabia was the leading destination for these exports, totaling BD201 million (22%). The US followed with BD75 million (8.4%), and the UAE with BD73 million (8.2%).
Unwrought aluminum alloys were the top exported product in Q2 2024, amounting to BD267 million (30%), followed by agglomerated iron ores and concentrates alloyed at BD159 million (18%) and non-alloyed aluminum wire at BD49 million (5%).
Non-oil re-exports
Non-oil re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries accounted for 86% of the re-exported value. The UAE ranked first with BD58 million (28%) followed by Saudi Arabia with BD39 million (19%) and UK with BD17 million (8%).
As per the report, turbo-jets worth BD65 million (32%) were the top product re-exported from Bahrain, followed by private cars with BD11 million (5%) and four-wheel drive with BD9 million (4%).
The value of non-oil imports has decreased by 4% reaching to BD1.41 billion in Q2 2024 in comparison with BD1.47 billion for same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports.
China Bahrain’s biggest importer
China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with BD157 million (11%) and Australia with BD112 million (8%).
Non-agglomerated iron ores and concentrates were the top product imported to Bahrain worth BD200 million (14%), followed by other aluminum oxide with BD101 million (7%) and parts for aircraft engines with BD41 million (3%).
As for the trade balance, which represents the difference between exports and imports, the deficit logged was BD310 million in Q2 2024 compared to BD322 million in Q2 2023.
Chris Dixon, a partner who led the charge, says he has a āvery long-term horizonā
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
