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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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Acceleration in project momentum to drive non-oil growth in Bahrain in 2018

Growth for rest of 2018 expected to improve as project momentum acceleratesManama, 12 August 2018: An acceleration in the pace of project implementation in the first quarter of 2018 is expected to underpin faster non-oil growth in Bahrain throughout the course of the year, according to the Bahrain Economic Quarterly.The forecast for strong growth across … Continued

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Bahrain Showcases Startup Ecosystem at RISE Hong Kong Summit

Economic Development Board – Manama: A high-level Bahrain business delegation, led by the Startup Bahrain initiative, Bahrain Economic Development Board (EDB), Tamkeen (Labour Fund), Ministry of Industry Commerce and Tourism,  as well as startup accelerators Brinc and C5 and the Nest has attended the leading business and entrepreneurship event in Asia RISE Hong Kong Summit … Continued

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Flat6Labs Bahrain Officially Opens its Doors at NBB Towers, as Eight Startups Gear Up for the First Cycle

Manama, Bahrain — Flat6Labs Bahrain, supported by Tamkeen (Labour Fund), launches their Bahrain office, joining an ever-growing lineup of successful locations across the MENA region. The new premises, located on the 15th floor of the National Bank of Bahrain (NBB) towers, will serve as both a workspace to Flat6Lab’s entrepreneurs, as well as a hub … Continued

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Brinc-Batelco IOT Hub Opens

– First Technology Hardware Accelerator in the Middle East Region Launched in Bahrain –   Manama, Bahrain: Brinc-Batelco IOT Hub was officially opened today in the presence of Ministers, Batelco Board members, Batelco senior executives, invited guests and Bahrain media houses. The launch took place at the Brinc-Batelco ultra high-tech new premises located on the 3rd … Continued

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Bahrain Development Bank announces successful close of $100m venture capital fund of funds to support Middle East startups

– Region’s first active Fund of Funds will support emerging technology startups –Manama, 24 June 2018: Bahrain Development Bank (BDB) announces that the Al Waha Fund of Funds has successfully closed its US $100m fundraising round, making it the first active venture capital fund of funds in the region. The announcement marks an important milestone … Continued

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Bahrain FDI grows 114% as reforms boost investment

FDI inflows to Bahrain grew 114% in 2017 to $519 million, according to data released by the United Nations Conference on Trade and Development (UNCTAD), the fastest growth rate in the GCC. The rapid growth came in spite of a drop in global FDI of 23%. Growth in investment was supported by a number of … Continued

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Updated application processes reduces approval time for land applications to 18 days – Response to growing demand for land in the Kingdom

Manama, Bahrain, 11 June 2018: Bahrain has reduced the timeframe for land applications, in response to growing demand for industrial land across the Kingdom and as part of the government’s ongoing strategic focus on supporting investors in the manufacturing sector. The initiative, introduced by the Ministry of Industry, Commerce and Tourism, guarantees that complete applications … Continued

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Edamah launches BHD 7.6 million smart carparks complex “The Terminal”

– Edamah project pipeline in Bahrain worth around BHD 14 million –Edamah, the real estate arm of Bahrain government, has celebrated the opening of its BHD 7.6 million state-of-the-art carpark complex “The Terminal”. The opening ceremony was attended by key stakeholders including Edamah’s board of directors, investors, contractors and prospective tenants. Strategically located in the … Continued

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Non-oil growth of 5% helps make Bahrain GCC’s fastest growing economy in 2017

– Led by its non-oil sector, Bahrain has achieved strong economic momentum with forecasts suggesting this will continue into 2018 with a brighter outlook across the GCC –Manama, 2 May 2018: Data published in the latest Bahrain Economic Quarterly (BEQ) reveals that Bahrain’s real GDP grew by 3.9% in 2017, with the non-oil economy expanding … Continued

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