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GCC set for fintech surge, reveals Mastercard study

The GCC is set for a surge in the use of fintech apps during the current global health crisis as new figures from Mastercard reveal a 70 percent increase in the use of contactless payments in the MEA region. Consumers are increasingly turning away from physical offerings during the ongoing COVID-19 outbreak, with startups and … Continued

Bahrain aiming to be startup capital of the world

CNME Editor Mark Forker spoke to David Parker, Co-Chief Investment Officer, Bahrain Economic Development Board, to find out how the Kingdom is leveraging cloud technology to position itself as a leading startup nation. Reposted from Tahawultech: The Bahrain government has been pursuing progressive new strategies that revolve around emerging technologies as part of its continued … Continued

GCC set for fintech surge during global Covid-19 outbreak

The GCC is set to experience a surge in the use of FinTech platforms as consumers turn away from physical offerings during the ongoing global COVID-19 outbreak. It comes after Bahrain’s national electronic wallet BenefitPay announced a 1257% increase in the number of remittances through its Fawri+ service during the month of March 2020 – … Continued

Bahrain and Portugal enter proactive initiative to support startups globally during COVID-19

Manama, Bahrain and Faro, Portugal. 4 May 2020: The Bahrain Economic Development Board (EDB) – the Kingdom’s investment promotion agency – has entered into a proactive initiative with GrowIN Portugal, a platform that helps entrepreneurs incorporate, fund, expand and move their startups to Portugal. The agreement will serve to promote cooperation between the two organisations, particularly with regard … Continued

Startups supporting Bahrain’s self-isolation

By Pakiza Abdulrahman, head of startups at the Bahrain Economic Development Board, reposted from Wamda: At a time when many businesses cannot serve their customers through traditional channels due to the ongoing global health crisis, online service providers are playing an ever more important role – whether for delivering food, enabling education or connecting corporations. … Continued

‘Women are nearly a third of investors on Bahrain Bourse’

By Avinash Saxena on Gulf Daily News 09 March 2020 MANAMA: Women make up 29 per cent of total investors at Bahrain Bourse (BHB), and the value of shares held by them is currently BD580 million, Bahrain Bourse (BHB) chief operating officer Narjes Jamal has said. In a statement issued yesterday after BHB hosted a … Continued

Why Bahrain can become a major hub for finance and technology

Reposted from Arabian Business   Through careful planning and bold regulatory reforms, Bahrain is poised to become a major hub for finance, technology and innovation, according to a new report by the Milken Institute. However it added that Bahrain needs to continue its efforts to overcome challenges and achieve the objectives laid out in the … Continued

The Italian Trade Agency (ICE) to open an office in Bahrain

Rome, Italy. 5th February 2020: The Italian Trade Agency (ICE) today announced the opening of an office in Bahrain after signing an agreement with the Bahrain Economic Development Board (EDB), on the sidelines of an official delegation visit to the Italian Republic, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, … Continued

Standard Chartered partners with Bahrain FinTech Bay to foster fintech innovation in the Kingdom

Manama - Bahrain – Standard Chartered and Bahrain Fintech Bay announced a strategic partnership to support Bahrain’s fintech sector and industry, in line with the Kingdom’s Vision 2030. Standard Chartered and Bahrain FinTech Bay will work together to offer thought-leadership and mentorship programs to the growing fintech industry and share innovative market expertise and solutions to … Continued

Bahrain Fintech Bay announces new CEO

Published by Arabian Business on 28 Jan 2020   Bahrain Fintech Bay (BFB) on Tuesday announced changes to its leadership team, with Khalid Dannish being promoted to the role of CEO, effective from February 1. The appointment follows the departure of founding CEO Khalid Saad who will be leaving to pursue his own Fintech ventures that aim … Continued