Investment expected to create 150 jobs and generate over US$31 million in revenue in first year of operation KKC Industries WLL (iCOOL), a Chinese manufacturer of heating, ventilation and air conditioning (HVAC) products has launched a US$10.7 million manufacturing facility in Bahrain. Through its operations in Bahrain, iCOOL will produce and export air conditioning insulation […]
The Central Bank of Bahrain (“CBB”) has conducted a comprehensive review of its Collective Investment Undertakings (“CIU”) regulations governing the mutual funds industry as part of the CBB’s wider strategy to conduct a comprehensive review to the whole financial sector regulatory framework. The new framework acknowledges the demands placed by the fast-paced changes in the […]
Arla Foods’s yearly production has increased from 20,000 tonnes to 80,000, producing Puck and Kraft processed cheese and sterilised cream products This content was published on Construction Week. Arla Foods, European dairy cooperative, completed its $63mn production site expansion in Bahrain, to increase capacity as part of its long-term plan for the country. Yearly production […]
This is a result of a joint initiative between talabat, Ministry of Labor and Social Development, Tamkeen and the Bahrain Economic Development Board The center will generate 1,000 employment opportunities for Bahrainis over two years with the support of tamkeen. The center will serve talabat customers in the region Manama, Kingdom of Bahrain — ** […]
– Bahrain is fast emerging as the regional leader in key ICT industries, such as gaming, internationally connected data centres, and now cybersecurity – This content was exclusively published on Arabian Business Mon 30 August 2021: Businesses of all sizes across every sector have been disrupted and forced to undergo rapid evolution and embrace digitalisation […]
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 of the first countries in the world to roll out nationwide commercial 5G, and is […]
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 allows payments to be made digitally via POS devices using a smartphone. This service is […]
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. Key challenges persist. A regional digital skills shortage, a lack of economic integration between GCC […]
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 […]
