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Overview: Having the largest financial and banking sector in the entire

Gulf region, Bahrain is also poised to become a major Electronic

Commerce hub both for existing companies and new comers.

The country also with major governmental efforts is laying down an

extensive network of B2B commerce and the trading of E-Business. In fact,

a number of governmental departments such as the Ministry of Finance and

the Ministry of Immigration have successfully transformed their websitesfrom a tradition information portal to a dynamic E-Commerce platform.

The country is also encouraging a lot of foreign investment to come to

Bahrain and set up a wide range of Electronic Commerce and E-Business

incentives. Some projects are already in the phase of implementation while

others are being taken into consideration such as a one way corridor of

Financial transactions that would serve all the Banking institutions in the

country. In its efforts to bring in foreign investors, Bahrain has become the

first country in the Gulf to have a commercial presence in Japan and is also

aiming to build a cyber city like the one that exists in Dubai which would bepurely centered around Electronic Commerce and online B2B.

Some of the largest banks in the region such as the Kuwait National Bank

have already chosen Bahrain as their hub of business marketing and Internet

based technologies. The largest airline in the Middle East, Gulf Air

Corporation, is yet another example of a large multi national company that

has based its corporate, Business and IT hub in Manama for conducting

everyday business transactions. In short, Bahrain has the potential to

establish an IT geographic zone that is growing without leaps and bounds.

Industry analysts and business predictors are very optimistic that Bahrain

will soon have a very big presence on the Internet.

There is only one Internet Service Provider and despite that fact, the countryhas the second highest online sign on rate (penetration rate) in the entire Gulf

region with more than 22 percent, and because of governmental support, it

has the potential for more growth, mostly in the Electronic commerce sector.

The leading Electronic Commerce company is Bahrain TradaNet that has its

entire services based in the island and is a joint venture between GE

Information Services of the United States and a local company. The

company provides extensive E-Commerce help and service to the local

financial institutions and Banking sectors who are in need of an online

platform that would deliver them speedy and efficient results to staycompetitive in the world environment. The company, in collaboration with

GE Information services is managing business to business electronic trading

with more than 100,000 trading partners throughout the globe. (1)

ctronic Commerce http://www1.american.edu/initeb/qa9717a/electronic.ht

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(1) BTN COMPANY OVERVIEW

ctronic Commerce http://www1.american.edu/initeb/qa9717a/electronic.ht

r 2 19/12/2012 23:29