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Coordination Committee Seeks to Promote Bahraini-Saudi Tourism Exhibitions

Sara Ahmed Buhijji, CEO of Bahrain Tourism and Exhibitions Authority 
Sara Ahmed Buhijji, CEO of Bahrain Tourism and Exhibitions Authority 
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Coordination Committee Seeks to Promote Bahraini-Saudi Tourism Exhibitions

Sara Ahmed Buhijji, CEO of Bahrain Tourism and Exhibitions Authority 
Sara Ahmed Buhijji, CEO of Bahrain Tourism and Exhibitions Authority 

Sara Ahmed Buhijji, CEO of Bahrain Tourism and Exhibitions Authority, revealed the formation of a committee dedicated to coordinating exhibitions, conferences, and tourism events between Manama and Riyadh, with the aim to maximize mutual benefits for both countries in the sector.
Buhijji was speaking on the sidelines of the 9th UNWTO Forum on Gastronomy Tourism, held in Bahrain from November 18-19.
The event, which is taking place for the first time in the Middle East, is organized by the Bahrain Tourism and Exhibitions Authority, the UN World Tourism Organization, and the Basque Culinary Center.
According to Buhijji, Bahrain and Saudi Arabia are promoting a shared tourism product, given their geographical proximity and close ties. Visitors to Manama can easily travel to Saudi Arabia, either via the King Fahd Causeway—reaching the Eastern Province in less than 20 minutes—or by air, with a flight to Riyadh taking approximately 30 minutes.
She also highlighted a targeted effort to attract tourists from five key countries, including GCC nations, with a particular focus on Saudi Arabia as one of the largest sources of visitors to Bahrain.
Buhijji emphasized the significance of hosting the 9th UNWTO Forum on Gastronomy Tourism in the Middle East, which has attracted over 650 participants from 59 countries, including the GCC.
She noted that hosting such a prominent event demonstrates Bahrain’s capability to attract large-scale events, thanks to its robust infrastructure, numerous hotels, and Bahrain International Airport’s capacity to handle a significant number of visitors.

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IMF Warns Asia Retaliatory Tariffs Could Undermine Growth

A man walks with his bicycle along a crosswalk in Beijing, China, 16 November 2024. (EPA)
A man walks with his bicycle along a crosswalk in Beijing, China, 16 November 2024. (EPA)
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IMF Warns Asia Retaliatory Tariffs Could Undermine Growth

A man walks with his bicycle along a crosswalk in Beijing, China, 16 November 2024. (EPA)
A man walks with his bicycle along a crosswalk in Beijing, China, 16 November 2024. (EPA)

The International Monetary Fund (IMF) warned on Tuesday that "tit-for-tat" tariffs could undermine Asia's economic prospects, raise costs and disrupt supply chains even as it expects the region to remain a key engine of growth for the global economy.

"The tit-for-tat retaliatory tariffs threaten to disrupt growth prospects across the region, leading to longer and less efficient supply chains," IMF Asia-Pacific Director Krishna Srinivasan said at a forum in Cebu on systemic risk.

Srinivasan's remarks come amid concerns over US President-elect Donald Trump's plan to impose a 60% tariff on Chinese goods and at least a 10% levy on all other imports.

Tariffs could impede global trade, hamper growth in exporting nations, and potentially raise inflation in the United States, forcing the US Federal Reserve to tighten monetary policy, despite a lackluster outlook for global growth.

In October, the European Union also decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3%, prompting retaliation from Beijing.

The IMF's latest World Economic Outlook forecasts global economic growth at 3.2% for both 2024 and 2025, weaker than its more optimistic projections for Asia, which stand at 4.6% for this year and 4.4% for next year.

Asia is "witnessing a period of important transition", creating greater uncertainty, including the "acute risk" of escalating trade tensions across major trading partners, Srinivasan said.

He added that uncertainty surrounding monetary policy in advanced economies and related market expectations could affect monetary decisions in Asia, influencing global capital flows, exchange rates, and other financial markets.