Labour Fund mandates D&B Research & Advisory Services

Notes and media contacts

About The Labour Fund:

The Kingdom of Bahrain has taken vital steps towards a labour market reform which is an essential stride to ensure that the human capital of the country is developed and that employment is made more attractive for localization as well as to improve performances of businesses. The strive towards labour reform will impact the Kingdom's economy and raise standards of living as well as pose a challenging commitment to the improvement of services in Bahrain.

The Labour Fund is a semi-autonomous yet independent authority which formulates strategic and operational plans to use the fees collected by the LMRA in order to enhance the overall prosperity of Bahrain by investing in Bahraini employability, job creation, and social support. Hence, the Labour Fund's main objectives are (i) to support Bahrainis to become the employees of choice, and (ii) to support high quality private sector job creation and helping the private sector cope with the impact of labour market reform.

To achieve these objectives, the LF will invest (i) in the cost and quality competitiveness of Bahrainis (e.g., reduction of cost of employing Bahrainis relative to expatriates, investment in skill and work ethic development programs of Bahrainis) and tackle employment barriers on both employer and labour market entrants sides through a combination of financial incentives and capability building, and (ii) in supporting the private sector's adjustment to new cost structures by providing access to capital to alleviate short-term cash constraints or improve productivity, and in know-how initiatives that support improvements in productivity and decreased reliance on expatriate labour through spreading management and technical knowledge.

About Dun & Bradstreet (D&B):

Headquartered in New Jersey, US, Dun & Bradstreet (D&B) is the leading information and knowledge provider in the world. Established in 1841, D&B operates the world's largest commercial database containing more than 130 million business records across over 200 countries.

D&B's Research and Advisory Services (RAS) provide the strategic, operational and market insights required for maximizing business value through improved processes and systems. D&B RAS Professionals uniquely combine sharp business acumen with a strong emphasis on understanding client requirements and market dynamics to deliver practical solutions for addressing business problems and opportunities.

Over last 167 years, D&B has been closely associated with the development of the SME sector and has built specific expertise in SME business rating & scoring as well as in SME studies and industry analysis. Through the establishment of credit bureaus, SME rating agencies, and similar institutions, D&B has facilitated the availability of finance to SMEs globally and enhanced their chances at business success.

For further information, kindly contact:

Tina Rogers
Strategic Account Executive
Dun & Bradstreet South Asia Middle East Ltd
Tel: +971-04-3695700
Dir: +971-04-3695700
Fax: +971-04-3637104