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Tag Archives: Bahrain

Bahrain is one of the top 10 most-improved economies in the world – World Bank

Bahrain is ranked among the top-10 most improved economies in the world according to a World Bank report that assessed 190 countries. The Doing Business 2020 report showed that Bahrain advanced 19 places to the 43rd place since last year. The Arab kingdom has implemented a comprehensive economic reform programme as part of its Economic Vision 2030, increasing its foreign …

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Oman, the UAE and Bahrain named rising stars of trade

Three Middle Eastern countries rank in the Standard Chartered Trade20 Index, which identifies the markets with the greatest potential for future trade growth Oman and the UAE feature in the top 10 markets that have most rapidly improved their trade growth potential over the past decade, according to new research from Standard Chartered (SC.com). The Trade20 Index, which identifies the …

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Batelco launches first 5G device in Bahrain

Xiaomi Mi Mix 3 was tested on Batelco’s 5G network by a professional gamer Batelco, a leading digital solutions provider in Bahrain, has launched Xiaomi Mi Mix 3, the first 5G network supported device in the kingdom. The Xiaomi Mi Mix 3 was tested on Batelco’s 5G network by a professional gamer who commented on the speed of the device …

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Mastercard partners with Bahrain FinTech Bay to foster fintech innovation in Bahrain

Technology company to leverage its extensive experience to contribute to the development of Bahrain’s startup sector Manama, Bahrain: Highlighting its commitment to promoting joint efforts in support of Bahrain’s fintech sector, Mastercard, a leading technology company in the global payments industry, today partnered with Bahrain FinTech Bay to support the development of Bahrain’s fintech industry, and the growth of Bahraini …

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Third MEA FinTech forum launched

Central Bank of Bahrain Governor Rasheed Al Maraj yesterday called for developing a practical approach to finding the right balance between enabling innovation and protecting the financial system. Speaking during the third Middle East and Africa FinTech Forum, Al Maraj warned: “We cannot sit idle and not provide the leadership and innovative thinking that this industry needs to grow.” He …

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Bahrain Fintech Bay: RegFact conference hailed a success

The event brought together local and global regulators, policy makers and policy advocates RegFact 2019 was held yesterday at the Diplomat Radisson Blu under the patronage of the Central Bank of Bahrain. The event brought together local and global regulators, policy makers and policy advocates in the regulatory technology industry, and 250 delegates from various financial and governmental sectors in …

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Bahrain’s Investcorp, Coller form $1bln European private equity fund

The deal also includes fresh capital for any follow-on investments and future investments Bahrain-based alternative investment manager Investcorp said on Monday it was forming a $1 billion European private equity portfolio with Coller Capital. Investcorp, founded in 1982, is one of the oldest Middle Eastern private equity houses and is targeting $50 billion of assets under management over the medium …

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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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