Central Bank of Bahrain Announces Landmark Regulatory Sandbox for Fintech Startups

June 14, 2017 Manama, 14th June 2017 – The Central Bank of Bahrain (CBB) has announced new regulations to create a regulatory sandbox that will allow startups and fintech firms to test and experiment their banking ideas and solutions. The creation of the regulatory sandbox provides an opportunity for fintech businesses around the […]

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BAHRAIN’S NON-OIL SECTOR GROWTH REACHES 3.7 IN 2016

May 28, 2017 ​- Resilience of non-oil sector means economy expands 3% for 2016 calendar year – – Implementation of $32bn project pipeline provides additional momentum –   Growth of 3.7% in the non-oil sector helped to fuel overall economic growth of 3% in Bahrain in 2016, according to the latest figures published in […]

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BAHRAIN TO HOST FIRST CHINA HIGH TECH FORUM IN THE REGION

May 24, 2017 ​- High Level Delegation Headed by the Vice Mayor of Shenzhen Coming to Bahrain as Part of the Forum   A High level Chinese delegation headed by H.E. Biao Chen, the Vice Mayor of Shenzhen Municipal Government is set to arrive in Bahrain later this week to attend the China High Tech […]

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ARMACELL BREAKS GROUND FOR OWN MANUFACTURING FACILITY IN BAHRAIN- Investment expected to create approx. 100 jobs within the first three years of operation

May 17, 2017   Manama, 17 May 2017: Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, has today broken ground on the construction of its own manufacturing facility in the Bahrain International Investment Park.   Planned to start production in 2018, the Armacell […]

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ARMADA LAUNCHES US$50 MILLION LOGISTICS CENTRE IN BAHRAIN – expected to create more than 400 jobs when operational –

May 14, 2017 ​  Manama, 14 May 2017: ARMADA, a leading GCC textile and fashion distribution company, has today broken ground on the construction of its US$50 million regional logistics centre in the Bahrain Logistics Zone. The logistics centre is expected to create more than 400 jobs when operational.   ARMADA, established in Kuwait […]

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BAHRAIN DELEGATION IN GERMANY TO PROMOTE INVESTMENT OPPORTUNITIES IN LOGISTICS

May 09, 2017 Manama, 9th May 2017: The Transport Logistic exhibition was opened today in Germany with the participation of a high level delegation from Bahrain that is headed by HE Kamal bin Ahmed Mohamed, Minister of Transportation and Telecommunications, and HE Khalid Al Rumaihi, Chief Executive at the Bahrain Economic Development Board (EDB). […]

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BAHRAIN TO PARTICIPATE IN TRANSPORT LOGISTIC EXHIBITION IN MUNICH

May 08, 2017 ​ – Delegates to hold high-level meetings with exhibitors and investors –   Manama, 8th May 2017: The Bahrain Economic Development Board (EDB) will participate in Transport Logistic Exhibition in Munich this week. A high-level delegation will showcase investment opportunities within Bahrain’s growing transportation and logistics sector.    The Bahrain delegation […]

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Mastercard Inaugurates First Office in Bahrain

May 03, 2017 ​ Opening of a dedicated office reinforces Mastercard’s commitment to strengthening its presence in the wider Middle East & Africa region   Dubai, UAE – 03 May 2017: Mastercard, a leading technology company in the global payments industry, has inaugurated its first dedicated office in the Kingdom of Bahrain. The move […]

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15 Hotels Worth US$10 billion to Open in Bahrain by 2020 • Room capacity to increase by 4,000 rooms

April 26, 2017   According to figures released in the latest Bahrain Economic Quarterly (BEQ) by the Bahrain Economic Development Board (EDB), the Kingdom’s hotel and restaurant sector witnessed robust growth at a rate of 3%. This was underpinned by plans to establish 15 new five and four-star hotels and beachfront resorts, with a […]

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KUVEYTTURK TURKEY TO RELOCATE GULF OPERATIONS TO BAHRAIN

April 18, 2017   Manama, 18 April 2017: Kuwait Turkish Participation Bank Inc (Kuveyt Turk), Kuwait Finance House’s leading subsidiary in Turkey, has announced today the relocation of its Gulf operations and staff to Bahrain. Following the move, KuveytTurk Bank will centralize its regional Treasury activities out of Bahrain under its existing wholesale banking […]

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