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Bahrain and Kerala sign MoU for cooperation in FinTech, ICT & IoT Startups

Bahrain and Kerala government agencies to cooperate on knowledge exchange, best practice and delegation visits to boost FinTech, IoT and ICT innovation Other areas of collaboration include education programmes, innovation projects and startup development and support Dubai, 9 October 2019: The Bahrain Economic Development Board (EDB), the investment promotion agency for the Kingdom of Bahrain, … Continued

Bahrain EDB appoints Khalid Humaidan as new Chief Executive

September 11th, 2019 – The Bahrain Economic Development Board (EDB) is pleased to announce the joining of Khalid Humaidan as Chief Executive, effective immediately. Mr Humaidan will be responsible for leading the EDB in attracting further investments into the Kingdom that will contribute to the generation of employment opportunities. Prior to joining the EDB, Mr … Continued

Bahrain crypto exchange Rain secures MidEast’s first licence

Published: 31 July 2019 - 2:22 p.m. By: Sam Bridge Rain is the first cryptocurrency exchange to earn a regulatory licence in the region, closes $2.5 million funding round Bahrain-based cryptocurrency exchange, Rain, announced on Wednesday that it has acquired a licence from the central bank and has closed a seed round of $2.5 million. … Continued

Bahrain’s New Bankruptcy Law

Bahrain’s New Bankruptcy Law Bahrain’s new bankruptcy law, established in 2018, has attracted the attention of international legal scholars in an analysis from the Emerging Markets Restructuring Journal’s 2019 issue. The report, which provides information on the recent transformations in insolvency provisions in the GCC, points to Bahrain’s Bankruptcy Reorganisation Law as a leading example … Continued

Bahrain EDB Wins Top Investment Promotion Agency

Published: May 2019 By: Adam Jones-Kelley Too often, newly elected politicians, posturing for their constituencies, publicly ponder cutting funding to investment promotion agencies “to cut government spending.” Too often, politicians are stupid. Look on the previous pages at the cities and countries ranked as the Best to Invest, those most successful in attracting investment to … Continued

Bahrain Bourse turns to AWS Cloud technology

Published: 13 July 2019 - 7:55 p.m. By: Staff Writer Bahrain Bourse announced today that it has started migrating to Amazon Web Services (AWS) due to the increased availability and security it will get and to increase its application speed and performance, while reducing operational costs. The first phase of the migration includes moving … Continued

UK tech firm helping Middle East play global catch-up

British firm benefits from Brexit-busting digital boom Press Release A small British tech firm saved from the brink of bankruptcy two years ago is playing a leading role in the digital transformation of the Middle East. Innervate – which operates from a 150-year-old barn conversion in rural Leicestershire – has expanded its established European customer base to serve a … Continued

Bahrain and UK first in the world to pilot new artificial intelligence procurement guidelines across government

World Economic Forum selects UK and Bahrain as a testbed for new AI procurement rules 3rd July 2019, Dalian: Bahrain has announced it will pilot new guidelines for the procurement of Artificial Intelligence in the public sector, produced by the World Economic Forum (WEF) Centre for the Fourth Industrial Revolution. The announcement was made by … Continued

‘The Family Office’ Launches Programme to Sponsor 100 Bahrainis to Attend Digital Transformation Courses

29th May, 2019, Manama: With the cooperation of the Bahrain Economic Development Board, “The Family Office”, a global investment manager is sponsoring 100 Bahrainis to attend online programmes around digital transformation hosted by two leading universities, Massachusetts Institute of Technology (MIT) and Columbia University as part of the MIT-Columbia Digital Transformation Online Education Programme. As … Continued

The National Bank of Bahrain Takes the Lead as the First Bank in MENA to Provide Open Banking Services

 Bahrain’s national bank partners with Tarabut Gateway, Bahrain’s first licensed open banking systems provider, to enable customers to access new digital services and aggregate all their accounts from different banks 15 May, 2019 – Manama, Kingdom of Bahrain: National Bank of Bahrain (NBB) has today taken a lead role in evolving the banking industry in … Continued