Bahrain and Russia agree to boost business, economic, culture ties

January 22, 2010
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Zubkov in Bahrain

Bahrain and Russia said that they had similar views on ways to address regional and international conflicts and agreed to boost their relations in several areas, ranging from culture to information, industry, finance and the economy.
In a joint communiqué issued on Friday at the end of the visit of Victor Zubkov, Russia’ first deputy prime minister, the two countries said that they agreed to enhance cooperation in the trade, industrial, economic and financial fields, to encourage investments by the public and private sectors, to promote cooperation in the energy and gas sectors and to boost the exchange of expertise and information on technical and cultural issues.
“The two parties confirmed their mutual intention to strengthen political cooperation on major global and regional issues and emphasized the similarity of the approaches of Russia and Bahrain to solving the international and regional conflicts through political and diplomatic means, enhancing security and stability in the Gulf and the Middle East in general,” the communiqué said.
Manama and Moscow insisted on the significance of developing inter-civilization dialogue based on equality, respect of national and religious particularities, traditions and historical experience.
The two countries said that they would convene meetings between Russian and Bahraini agencies and business communities in order to intensify trade, to study the possibility of establishing joint enterprises in the territories of the two states and multilateral cooperation involving other countries, in addition to holding consultations on the supply of products of Russian industrial enterprises.
“In the energy and natural gas spheres, the two sides agreed to hold consultations on the construction and operation of gas pipelines, as well as on using state-of-the-art Russian technologies to increase the production rate of the oil wells in Bahrain, and to promote the bilateral energy dialogue including cooperation in the peaceful use of nuclear energy. Ways for establishing cooperation in the aluminum industry were also reviewed,” the communiqué said.
According to the communiqué, “the two countries agreed to accelerate the process of elaborating the draft agreement between the Bahrain and the Russian Federation on the promotion and mutual protection of investments with a view to its subsequent signature, as well as to hold consultations on cooperation in banking and investment spheres.”
Zubkov was in Bahrain upon an invitation from Shaikh Mohammed Bin Mubarak Al Khalifa, Bahrain’s deputy prime minister.
Political dialogue between the two countries has gained a new dimension following King Hamad Bin Eisa Al Khalifa last February paid an official visit to Moscow where he met Russian President Dmitry Medvedev.

         

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About the author

Born August 3, 1960 in Monastir, Tunisia
Career
Media career:
  • ABC News (Tunisia)
  • Bahrain Tribune
  • Gulf News
  • Bahrain Television News
Teaching career:
  • Monastir (Tunisia)
  • University of Bahrain
Education
  • MA  Mass Communications, University of Leicester
  • BA  in English & US literature and studies, University of Tunis

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