Central Bank of Bahrain launches a first of its kind fintech platform to drive innovation...

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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GCC small business ‘boom’ to drive post-COVID economy as commercial registrations soar

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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Bahrain grants UK FinTech Fasset first-of-its-kind authorisation to test blockchain-based solution for addressing US$ 15...

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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World Bank ranks Bahrain and UAE top Arab nations for human capital

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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Why digitalisation has helped Bahraini banks escape the brunt of Covid-19

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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Central Bank of Bahrain Launches Tokenization Service for Contactless Payment

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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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...

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The Economist x Bahrain EDB | The Region’s Digital Transformation

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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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...

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