What semi-autonomous semi-governmental organization, established in 2006, provides grants, training, and financing to upskill Bahraini workers and support local SMEs?
Answer and explanation
Correct answer: A. Tamkeen (Labor Fund)
- Step 1: Tamkeen (the Labor Fund) is funded primarily by labor fees collected from foreign work permits by the LMRA.
- Step 2: It invests heavily in the national workforce, subsidizing training, tech adoption, and capital for Bahraini entrepreneurs and startups.
Answer
Tamkeen (Labor Fund).
Why not the others: 'Mumtalakat Holding Fund' is the state sovereign investment fund; 'Bapco Energies Fund' manages hydrocarbon assets; 'Bahrain Development Bank' is a specialized development bank providing loans.
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