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Tag Archives: Bahrain

Bahrain is about to collaborate with a country to support the FinTech sector, find out who it is

According to the Bahrain Economic Development Board (EDB) Financial Services Executive Director, David Parker, Bahrain is planning on collaborating with Malaysia’s financial sector since both markets are in similar development phases when it comes to the FinTech sector. “We can work on our strengths because Malaysia and Bahrain both have relatively newly implemented policies when it comes to fintech. I …

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Etisalcom appointed as Huawei’s First Channel Service Partner in Bahrain

Huawei, a leading global ICT solutions provider has recognized Etisalcom as its first Channel Service Partner (CSP) in Bahrain. Manama, Bahrain: Huawei, a leading global ICT solutions provider has recognized Etisalcom as its first Channel Service Partner (CSP) in Bahrain. The certification will open doors for Etisalcom to offer vendor-backed services such as design and deployment of Huawei certified solutions …

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Bahrain launches largest fintech hub in MENA region

The Bahrain Economic Development Board (EDB) and FinTech Consortium (FTC) have launched Bahrain FinTech Bay (BFB), the “largest dedicated fintech hub in the Middle East and Africa”. The new hub aims to further the development and acceleration of firms as well as the interaction between investors, entrepreneurs, government bodies and financial institutions. BFB, with an area of over 10,000 square …

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Kuwait Finance House studying merger with Bahrain’s Ahli United Bank

Kuwait Finance House studying merger with Ahli United Bank Big-ticket mergers: GCC banks should consider more consolidations Three-way bank merger in Qatar aims to close by year end -sources DUBAI, July 18 (Reuters) – Kuwait Finance House (KFH) is looking to merge with Bahrain’s Ahli United Bank , Kuwait’s biggest Islamic lender said in a statement on Tuesday, confirming an …

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Bahrain launches new rules for fintech firms

Bahrain’s central bank has issued new rules to create a regulatory unit that will allow financial technology firms to test and experiment banking ideas in a controlled environment. Other global regulators from Hong Kong to Brazil have established similar regulatory incubators to allow fintech firms to experiment with new business models and products without falling foul of financial rules. Bahrain’s …

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Bahrain sovereign fund CEO says hopes to invest in Aramco IPO

ST PETERSBURG, Russia Bahrain’s sovereign wealth fund Mumtalakat hopes to take part in the initial public offering (IPO) of shares in Saudi state oil giant Aramco, the fund’s CEO told Reuters, predicting additional opportunities from the kingdom’s reform program. Saudi Aramco, the world’s biggest oil producer, plans to list around 5 percent of its stock on multiple exchanges next year …

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Batelco Bahrain CEO named Businesswoman of the year at Arabian Business Awards

Prestigious Awards Recognise the Outstanding Efforts of Eng. Al Hashemi Manama, Bahrain: Batelco Bahrain CEO Eng. Muna Al Hashemi has been named Businesswoman of the Year at the Arabian Business Achievement Awards event held at the Armani Hotel, Dubai, UAE on November 28. The Arabian Business Achievements Awards is considered among the most prestigious awards events in the region with …

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Bahrain’s GFH appoints Hammad Younas as head of investment management

GFH, the Bahrain based financial group, today announced the appointment of Mr. Hammad Younas as Head of Investment Management. In this capacity, Mr. Younas will manage the overall investment business of the bank including Asset Management, Private Equity and Corporate Investments. Mr. Younas brings to his role at GFH more than 18 years of experience in Islamic and conventional investment …

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Bahrain’s Diversification Away from a Hydrocarbon-dependent Economy Through Embracing Tech

Despite having weathered the 2008 global economic crisis comparatively well, GCC economies, still heavily hydrocarbon-dependent, have showed signs of strain in recent months, as oil prices have slumped. Bahrain is perhaps rather more sensitive to regional economic pressures than some of its more oil-rich neighbours, as highlighted by the recent downgrades by ratings agencies. Governments across the region are taking …

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Batelco Cloud Productivity Solutions Supporting Business in Bahrain

Batelco Grows its Cloud Solutions for the SME Segment. Manama, Bahrain: Batelco is enhancing its Cloud Solutions portfolio with the introduction of a Cloud Productivity Solution for the SME segment. The productivity solution has been developed to help small and medium enterprises enhance their productivity and efficiency by providing them with a complete set of cloud-based applications to run and …

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