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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Central Bank of Bahrain launches a first of its kind fintech platform to drive innovation in the region

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 innovation opportunities, connect financial institutions in Bahrain to fintech startups from across the globe, and […]

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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 rise to 60 percent Manama, September 13 2020: Experts are predicting a GCC “SME boom” as […]

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Bahrain grants UK FinTech Fasset first-of-its-kind authorisation to test blockchain-based solution for addressing US$ 15 trillion sustainable infrastructure funding gap

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 the Central Bank of Bahrain, is the first of its kind in the world. The […]

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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 to a new report. The Human Capital Index 2020 measures potential productivity in the health […]

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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 salary […]

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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 fewer than 1,000 start-ups, according to The Global Start-up Ecosystem Report 2020. The major study, […]

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