Saturday , 15 December 2018

Tag Archives: Bahrain

Bahrain targets ICT to become fintech hub

Bahrain’s Economic Development Board (EDB) has made the kingdom a data destination for Amazon Bahrain’s Economic Development Board (EDB) has made the kingdom a data destination for Amazon and is now keen to leverage the Kingdom’s telecoms connectivity and IT knowledge pool to become a regional fintech hub, said a top official. Khalid Al Rumaihi, CEO of EDB, was addressing …

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Could Rain from Bahrain be what MENA cryptocurrency traders have been waiting for?

Fledgling cryptocurrency exchange Rain hopes to become the region’s first to achieve full licensure Digital currency exchange Rain is aiming to become the first licensed cryptocurrency exchange in the Gulf Cooperation Council after graduating from Bahrain’s fintech sandbox. The exchange’s founders have been in discussions for two years to try to achieve a stable legal framework for digital currency traders, …

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Huawei gears up for “Huawei Day Bahrain 2018”

H.E. Eng. Kamal bin Ahmed Mohammad, Minister of Transportation and Telecommunications will be the guest of honour as Huawei shines spotlight on 5G, Safe Cities and other digital transformation drivers in Bahrain Manama, Bahrain: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, will be hosting the “Huawei Day Bahrain 2018” on 02 October …

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Bahrain Tech Week to showcase new opportunities for growth

Bahrain’s Cloud First policy estimated to have saved 90% in government ICT infrastructure expenditure since last year’s event Manama, Bahrain: The Bahrain Economic Development Board (EDB) today announced that the Kingdom will host Bahrain Tech Week from 28 September to 7 October 2018, bringing together technology experts from government, major private-sector entities and startups to explore how digital innovations can …

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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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