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Bahrain and FinTech Consortium launch the largest dedicated FinTech hub in the Middle East and Africa

Manama, 5 November 2017: The Bahrain Economic Development Board (“EDB”) and FinTech Consortium (“FTC”) announced today the launch of “Bahrain FinTech Bay” (“BFB”), the largest dedicated FinTech hub in the Middle East and Africa. The new hub aims to further the development and acceleration of Fintech firms as well as the interaction between investors, entrepreneurs, … Continued

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Bahrain Regional Leader in Islamic Finance Development

– Bahrain maintains second place in global ranking for fifth year in a row – – ICT Development Index acknowledge Bahrain’s ICT strong sector and its support to financial services growth, ranking Bahrain first in the MENA region once again – Manama, Bahrain – 14 January 2018: Bahrain has ranked second globally and first in … Continued

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ADGM and Bahrain Economic Development Board Sign Region’s First Mena Fintech Agreement

8 January 2018, Abu Dhabi, UAE / Manama, Bahrain: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Bahrain Economic Development Board (EDB) have entered into a Fintech cooperation agreement, marking a significant first in the MENA region. Signed between two of the leading MENA Fintech hubs, the agreement represents … Continued

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Bahrain to host innovation festival “unbound Bahrain”

Manama, Bahrain – 19 December 2017: “unbound Bahrain”, a two-day festival to celebrate the most innovative start-ups in the GCC region, will be taking place in Bahrain from 7-8 March 2018 at the Bahrain International Circuit. The festival is being organised by “unbound”, which specialises in global innovation events, and is being held in association … Continued

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BAHRAIN TOURISM PROJECTS VALUED AT OVER US $13 BILLION

Manama, Bahrain – 27 December 2017: The Bahrain Economic Development Board (EDB) recently revealed investment in Bahrain’s tourism infrastructure reached over US $13 billion. The figure covers 14 prominent projects that will further boost growth in the Kingdom’s tourism and leisure sector. The sector witnessed rapid growth in the past year, with the total number … Continued

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Almas Nexus Announces MoU Signing with the Bahrain Economic Development Board

Agreement aims to enhance cooperation in the field of fintech innovation Almas’ platform will be made available to wealth advisors and institutions in Bahrain as well as across the GCC, Europe and AsiaMANAMA and LONDON, 27 November 2017: Almas Nexus (“Almas”), a next-generation alternative investments fintech company that is focused on providing investors with a global … Continued

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Bahrain’s non-oil sector expands 4.7% in the first half of 2017

Strong performance from the private sector led by Hotels & Restaurants, Social & Personal Services and Financial Services   Growth momentum remains well ahead of the regional normManama, 20 November 2017: Growth in the non-oil sector of Bahrain’s economy reached an annual pace of 4.7% in the first half of 2017, ahead of the 4.0% non-oil … Continued

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Khalid Al Rumaihi Addresses the Alumni at Arab Conference at Harvard

Manama, Bahrain – 15th November 2017: HE Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board (EDB) delivered keynote remarks during the 11th edition of the ‘Arab Conference at Harvard’, which was organized by the Harvard Arab Alumni Association along with the Harvard Business School MENA club and took place earlier this week … Continued

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INTRATOOL GROUP launches GCC hub in Bahrain

Manama, November 09, 2017: INTRATOOL GROUP, a leading provider of engineering, technological and manufacturing services, has today launched the GCC operations branch of its service subsidiary. INTRA Services Company LLC specialises in critical and emergency services for the oil and gas industry, petrochemical, industrial and energy sectors. INTRATOOL is a prominent Russian services company to … Continued

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Leading Logistics Provider Opens New USD 20million Joint Venture Facility in Bahrain

Investment to support the expansion of regional operations in the chemical and petrochemical marketsManama, Bahrain – 8 November 2017: nogaholding, the investment and business development arm of National Oil and Gas Authority (NOGA), and Schmidt Heilbronn has today inaugurated its new joint venture facility, Schmidt Logistics Bahrain. The US 20million facility will create around 100 … Continued

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