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 of the first countries in the world to roll out nationwide commercial 5G, and is […]

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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 allows payments to be made digitally via POS devices using a smartphone. This service is […]

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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. Key challenges persist. A regional digital skills shortage, a lack of economic integration between GCC […]

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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 […]

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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 […]

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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 […]

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‘Women are nearly a third of investors on Bahrain Bourse’

By Avinash Saxena on Gulf Daily News 09 March 2020 MANAMA: Women make up 29 per cent of total investors at Bahrain Bourse (BHB), and the value of shares held by them is currently BD580 million, Bahrain Bourse (BHB) chief operating officer Narjes Jamal has said. In a statement issued yesterday after BHB hosted a […]

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Why Bahrain can become a major hub for finance and technology

Reposted from Arabian Business Through careful planning and bold regulatory reforms, Bahrain is poised to become a major hub for finance, technology and innovation, according to a new report by the Milken Institute. However it added that Bahrain needs to continue its efforts to overcome challenges and achieve the objectives laid out in the kingdom’s […]

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Bahrain Fintech Bay announces new CEO

Published by Arabian Business on 28 Jan 2020 Bahrain Fintech Bay (BFB) on Tuesday announced changes to its leadership team, with Khalid Dannish being promoted to the role of CEO, effective from February 1. The appointment follows the departure of founding CEO Khalid Saad who will be leaving to pursue his own Fintech ventures that aim to […]

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