AGP Executive Report
Last update: 11 hours agoStrait of Hormuz Shock: Iran announced a full closure of the Strait of Hormuz after U.S. airstrikes, warning of major disruption to the waterway that carries about a fifth of global oil and pushing shipping firms to halt operations as insurance costs rise. Bahrain Maritime Resilience: Despite regional turbulence, Khalifa Bin Salman Port handled 238 vessels and nearly 97,000 containers in Jan–May, while May general cargo jumped about 78% after a March halt. Port Performance Boost: The port also climbed to 19th globally in the Container Port Performance Index, ranking among the top improvers for efficiency. Bahrain Skills & Training: RHF, NCST and the Kooheji Foundation signed to set up a new NCST branch at Bahrain International Investment Park, adding hospitality and hotel management training. Aviation & Logistics Push: Bahrain highlighted its aviation strategy at Berlin’s aviation summit, including digitised procedures and a DHL plan for a major MRO hangar. Local Infrastructure Watch: Muharraq councillors urged fixes to Muharraq Ring Road connectivity to cut detours and congestion. Digital Economy & Youth: Zain Esports powered PUBG MOBILE’s MENA spring championship across seven countries, with Bahrain-based Teal Flamingo Studios involved. Energy-Linked Supply Stress: Rising base-oil prices and disrupted supplies are raising concerns about lubricant shortages beyond transport, including industrial sectors. Sports Facilities Tender: 16 firms bid for a BD2.3m–BD5.5m upgrade of Khaldiya Sports Club, covering pitches, buildings and FIFA-standard works.
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