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Bahrain has emerged as a globally competitive economy, said American Chamber of Commerce in Bahrain president Adel Al Safar. He was speaking as an AmCham Bahrain delegation wrapped up a business development mission organised by the National US-Arab Chamber of Commerce (NUSACC) in Washington. The delegation took part in activities in support of US-Bahrain trade and investment and a reception hosted by Bahrains Ambassador to the US Huda Nonoo.

p>Bahrain has emerged as a globally competitive economy, said American Chamber of Commerce in Bahrain president Adel Al Safar. He was speaking as an AmCham Bahrain delegation wrapped up a business development mission organised by the National US-Arab Chamber of Commerce (NUSACC) in Washington. The delegation took part in activities in support of US-Bahrain trade and investment and a reception hosted by Bahrains Ambassador to the US Huda Nonoo.

Iran is planning to boost the volume of trade exchanges with Bahrain to top US$5 billion annually. "We are keen to remove all obstacles impeding Bahraini businessmen in their relations with Iran," Iranian First Deputy Presidents assistant Dr Ali Agha Mohammadi said.

p>Iran is planning to boost the volume of trade exchanges with Bahrain to top US$5 billion annually. "We are keen to remove all obstacles impeding Bahraini businessmen in their relations with Iran," Iranian First Deputy Presidents assistant Dr Ali Agha Mohammadi said.



Trade Bank of Iraq (TBI) has doubled the maximum value of Letters of Credit it allocates to the private banking sector in Iraq. Last year alone, 945 Letters of Credit were allocated to private banks, at a value of approximately US$500mn. The total number allocated to private banks by TBI is 2,446, at a value of about US$3 billion.

Syrias Prime Minister Muhammad Naji Otri has called upon Arab investors to invest in Syria and help create an Arab economic bloc capable of competing with other economic blocs and confronting the challenges posed by globalisation.

p>Syrias Prime Minister Muhammad Naji Otri has called upon Arab investors to invest in Syria and help create an Arab economic bloc capable of competing with other economic blocs and confronting the challenges posed by globalisation.



DAIMLER IS TO divest its 30 per cent stake in an engine company in Iran as part of a wider review of links to the country. The German carmakers chief executive, Dieter Zetsche, said Tehrans political policies were behind the move.

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