Bahrain adopts electronic trading platform
Electronic trading platform has signed an agreement with Bahrain's Commerce Ministry to adopt the Bolero Platform as the standard for secure document exchange in Bahrain. At the moment 10 percent of businesses in the region operate online.
As a first step, the Commerce Ministry portal has been upgraded and enhanced to allow secure, electronic trade transactions to be conducted through it. The Ministry of Commerce is also drawing up plans to allow vertical industry sectors in the Kingdom, as well as some of Bahrain's leading companies to adopt bolero through its own portal. At the same time, bolero will be opening a new regional office in Bahrain.
Bolero enables cross-border trade to be conducted online, in a secure environment underpinned by a legal structure. This has the effect of both accelerating existing business process as well as making them more transparent to all the parties involved. — (menareport.com)
© 2003 Mena Report (www.menareport.com)