Tencent Cloud Deploys its First MENA Region Internet Data Centre Hub in Bahrain

Middle East cloud market expected to reach USD 4.5 billion by 2024, highlighting the growing opportunity in the region Tencent Cloud will capitalise on Bahrain’s position as a regional cloud services hub Hong Kong, March 1, 2021 – Tencent Cloud, the cloud business of Tencent, today announced its collaboration with the Bahrain Economic Development Board […]

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Manama listed in the top 5 globally for FDI strategy in latest fDi Magazine ranking

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 produced by the Financial Times’ fDi Magazine. Both Abu Dhabi and Dubai similarly ranked in […]

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Bahrain attracts US$885m investment in 2020

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 and international companies investing in vital sectors including financial services, manufacturing, logistics services, education, healthcare […]

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BAHRAIN EDB APPOINTS AN ADVISOR TO THE BOARD

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 Europe, the Middle East and the Far East, serving most recently as the British Ambassador […]

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Bahrain ranked in world’s top five Islamic finance economies by the Islamic Development Bank

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 in number of Islamic Banking Assets Manama, December 15 – Bahrain ranked in the world’s […]

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First Insurance Platform Graduates From CBB Regulatory Sandbox – Tech Disrupter TASWEYA platform set to unlock millions for Bahrain based insurance companies

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 provides insurance companies with an easy to use and secure market-wide centralized platform to manage […]

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Q3 Saudi-Bahrain trade surges by 43%

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 43 percent to US$688.4 million during the third quarter of 2020 compared to US$481 million […]

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Saudi-Bahrain trade returns to pre-COVID levels amid increase in H1 figures

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 30, 2020: Trade between Saudi Arabia and Bahrain has returned to levels not seen since […]

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UAE-Bahrain trade returning to pre-COVID levels H1 figures show

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 returned to levels not seen since before the COVID-19 pandemic, with new figures revealing US$936 […]

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