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GCC cities dominate top ranks in financial attractiveness index

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 the top global locations according to financial attractiveness and lifestyle attractiveness. It combines local … Continued

Bahrain and Sharjah among world’s top 5 start-up hubs – New Report

Bahrain’s response to COVID-19 praised in study Bahrain now in top 10 Africa and MENA countries for early-stage funding, according to study Manama, July 5, 2020: The GCC’s Bahrain and Sharjah are among the world’s top five fastest-growing ecosystems with fewer than 1,000 start-ups, according to The Global Start-up Ecosystem Report 2020. The major study, … Continued

Bahrain Maintains 2nd Place among Arab countries in UN eGovernment Development Index 2020

The Kingdom of Bahrain maintained its second place ranking among Arab countries in the eGovernment Development Index 2020 ranking it among the very high categories, which was formulated based on the results of a 2020 United Nations eGovernment Survey. The index and its accompanying report, launched on Friday, 10th July, 2020 by the United Nations … Continued

Bahrain becomes 1st country in MENA to ratify United Nations treaty on electronic communications

Manama, June 14 2020: Bahrain has become the first country in MENA to ratify a key United Nations convention on electronic communications, helping to enable a new wave of digital business across the region and enhance investor protections. The United Nations Convention on the Use of Electronic Communications in International Contracts (2005) aims to enhance … Continued

Saaya Health: Covid sputs growth as several Global Brands sign deals

21st May, 2020 Saaya Health Tech, a Bahraini based Digital EAP company providing Mental Health Access to employees using its PaaS model has seen a boom in its usage post-Covid19. In the months since February alone, they have signed deals with the billion-dollar Bayer Pharma of Germany and also the Chemical behemoth Engro Corp of … Continued

GCC set for fintech surge, reveals Mastercard study

The GCC is set for a surge in the use of fintech apps during the current global health crisis as new figures from Mastercard reveal a 70 percent increase in the use of contactless payments in the MEA region. Consumers are increasingly turning away from physical offerings during the ongoing COVID-19 outbreak, with startups and … Continued

Bahrain aiming to be startup capital of the world

CNME Editor Mark Forker spoke to David Parker, Co-Chief Investment Officer, Bahrain Economic Development Board, to find out how the Kingdom is leveraging cloud technology to position itself as a leading startup nation. Reposted from Tahawultech: The Bahrain government has been pursuing progressive new strategies that revolve around emerging technologies as part of its continued … Continued

GCC set for fintech surge during global Covid-19 outbreak

The GCC is set to experience a surge in the use of FinTech platforms as consumers turn away from physical offerings during the ongoing global COVID-19 outbreak. It comes after Bahrain’s national electronic wallet BenefitPay announced a 1257% increase in the number of remittances through its Fawri+ service during the month of March 2020 – … Continued

Bahrain and Portugal enter proactive initiative to support startups globally during COVID-19

Manama, Bahrain and Faro, Portugal. 4 May 2020: The Bahrain Economic Development Board (EDB) – the Kingdom’s investment promotion agency – has entered into a proactive initiative with GrowIN Portugal, a platform that helps entrepreneurs incorporate, fund, expand and move their startups to Portugal. The agreement will serve to promote cooperation between the two organisations, particularly with regard … Continued

Startups supporting Bahrain’s self-isolation

By Pakiza Abdulrahman, head of startups at the Bahrain Economic Development Board, reposted from Wamda: At a time when many businesses cannot serve their customers through traditional channels due to the ongoing global health crisis, online service providers are playing an ever more important role – whether for delivering food, enabling education or connecting corporations. … Continued