The GFIC delegation's visit follows a visit conducted by EDB to its capital Guangzhou in October 2014 as part of a series of senior visits to China from Bahrain.
During this visit, the GFIC and the Hong Kong Bahrain Business Association signed a memeorandum of understanding to strengthen trade ties and to promote mutually advantageous interests.
Concurrently, AM Best has commented that the FSR of B+ (Good) and ICR of "bbb-" of TIG Insurance Co (TIC) are unchanged by its recent acquisition of GFIC, as TIC's level of risk-adjusted capital remains supportive of its ratings following the consolidation of GFIC.
The rating actions on GFIC reflect AM Best's concerns over continued adverse loss reserve development reported in 2010 and the placement of its business into run off, the agency explained.
The Bahraini delegation visited Hong Kong as the final destination of an extensive roadshow and met with the Federation of Industry and Commerce (GFIC) to establish cooperation and friendship ties and promote mutually advantageous interests.
Throughout the visit to China, a number of meetings were also organised with various companies in China and Hong Kong, including meetings with: Commercial Aircraft Corporation of China, Beijing Capital Group, Asahi Tec, the Guangdong Commerce Bureau, the China Council for Promotion of International Trade (CCPIT), GFIC, Jinglong Decoration, and Huawei Technologies.
Mr Ahmed and representatives from BCCI met with the Guangdong Commerce Bureau, CCPIT Guangdong and GFIC
and discussed various means of strengthening co-operation and friendship between the EDB and the three organisations.
This fabulous new restaurant will now anchor the Times Squarere development along Eighth Avenue and is well positioned to be a huge success," said James Emden, a vice chairman at Colliers International, who along with senior managing director Robert Koslow and director Dmitry Levkov represented GFIC.
"For this new restaurant concept to enter and thrive in New York City, we knew we would have to take a fresh approach," said Emden, who brought in architecture firm HLW to meet with GFIC early in the process to better conceptualize the layout.
HE Kamal bin Ahmed and representatives from the BCCI met with the Guangdong Commerce Bureau, CCPIT Guangdong and GFIC
and discussed various means of strengthening cooperation and friendship between the EDB and the three organizations.
A provider of information systems to the financial services industry, GFIC
was motivated by the significant technological improvements already in place at The World Financial Center and the value associated with this Downtown location."
The trip will also see the EDB delegation visiting Guangzhou Province on Tuesday to hold meetings with various Chinese entities including the Commerce Bureau of Guangdong Province Government and GFIC
. The aim is to discuss means of investment cooperation between Bahrain and Guangzhou province, as well as plans for the signing of a Memorandum of Understanding (MoU) with the union to promote the Kingdom to Chinese companies in the province.