Welcome to the Bahrain Economic Development Board

Middle East cloud market expected to reach USD 4.5 billion by 2024, highlighting the growing opportunity in the regionTencent Cloud will capitalise on Bahrain’s position as a regional cloud services hub Hong Kong, March 1, 2021 – Tencent Cloud, the…

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Manama – February 18, 2021: The Kingdom of Bahrain’s capital Manama has been named as the fifth globally amongst all-sized cities and first amongst small and mid-sized cities for FDI strategy in the 2021 Global cities of the Future index…

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Published on Dec 2, 2020 in Logistics Middle East In a post-COVID world, blockchain and tokenisation present an opportunity to accelerate digital change in logistics. Here, we explore how the technology is set to transform supply chains in the GCC…

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Manama, Bahrain, January 18 2021: Bahrain attracted US$885 million (BHD333 million) in direct investments during 2020 through new companies setting up and expanding in the Kingdom.   Several prominent companies have launched operations in the Kingdom, with investments from local, regional…

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Manama, December 17th: The Bahrain Economic Development Board (EDB) has announced the appointment of Mr. Iain Lindsay as an advisor to the Board.  Mr. Lindsay brings a wealth of experience, having worked as a British diplomat for 40 years, with experience in…

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Research by Refinitiv and the Islamic Corporation for the Development of the Private Sector (ICD) puts Bahrain in the lead in MENA and third place globally Eighth consecutive first-place ranking for Bahrain based on robust and supportive regulation and increases…

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Manama, Kingdom of Bahrain (November 29, 2020) – Braxtone Corporate Services, a subsidiary of Braxtone Group, today announced the official graduation of their Motor Claims Recovery Platform “TASWEYA” from the Regulatory Sandbox of the Central Bank of Bahrain, CBB. TASWEYA…

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Trade between two Kingdoms hit $2.17bn during the first three quarters of 2020 Saudi Arabia is one of Bahrain’s key trading partners, with both nations connected by bridge Manama, October 22, 2020: Non-oil trade between Saudi Arabia and Bahrain increased…

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Trade between two Kingdoms hits $262.9m in June, highest since pandemic struck region Saudi Arabia is one of Bahrain’s key trading partners, with both nations connected by bridge Bahrain’s overall trade for the year-half reached US$10.4 billion globally Manama, September…

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Trade between two countries hits $139.6 m in June, highest since pandemic struck region Bahrain’s trade for the year-half reached US$10.4 billion globally – only 2% down on 2019 Manama, September 30, 2020: Trade between the UAE and Bahrain has…

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FinHub 973 launched in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain and Bahrain Islamic Bank FinHub 973 will be powered by Fintech Galaxy’s FinX22 Innovation platform The platform aims to stimulate…

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Commercial registrations increase 109 percent in Bahrain amid new wave of entrepreneurs 99 percent of businesses in Saudi Arabia are SMEs making 64% of employment The sector contributes 52 percent of non-oil GDP in the UAE and is set to…

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Manama, Kingdom of Bahrain —  UK-headquartered FinTech Fasset, a provider of blockchain-powered platforms for the financing of sustainable infrastructure, has received authorisation to test its solutions for the tokenisation of hard assets in Kingdom of Bahrain’s FinTech Regulatory Sandbox. The authorisation, issued by…

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Bahrain ranks first among GCC countries for academic achievement in Human Capital Index 2020 Manama, September 28 2020: The World Bank has ranked the UAE and Bahrain as the top destinations in the Arab world to invest in human capital, according…

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By: David Ndichy Source: Gulf Business © 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED. A relatively advanced digital infrastructure has done well to cushion Bahraini banks from the impact of Covid-19. Bahrain is home to the region’s first hyper-scale data centre, was one…

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The Central Bank of Bahrain, in cooperation with the Benefit Company, retail banks and Bahrain Facilities Company, announced the launch of a coding service for operating the encryption feature for contactless payment for smartphones running the Android system. This feature…

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Manama ranked first in the world Manama – August 19 2020: Every single GCC member was represented in the top 20 most financially attractive cities in the world, according to AIRINC’s latest Global 150 Cities Index. The index ranks 150 of…

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The GCC is at an inflection point. Recent decades have seen governments and businesses throughout the region increasingly embrace advanced digital technologies as a source of future growth. If successful, their efforts could help drive the region’s ambitious diversification plans.…

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