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Bahrain to fast-track setup process for global startups

Lisbon – 29 October 2019: The Bahrain Economic Development Board (EDB) – the investment promotion agency for the Kingdom of Bahrain in partnership with Web Summit - announced today a fast-track setup process for startups globally looking to take advantage of the business environment and startup ecosystem in Bahrain. The initiative will also enable startups … 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 Bourse turns to AWS Cloud technology

Published: 13 July 2019 - 7:55 p.m. By: ITP.net 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

Bahrain highlights its plans to target InsurTech as part of its FinTech strategy during UK Roadshow

Manama, 14th May 2019: A Bahraini delegation led by His Excellency Rasheed Al Maraj, Governor of the Central Bank of Bahrain (CBB) concluded a successful visit to the UK. The delegation attended the renowned Innovate Finance Global Summit (IFGS), where senior executives from the Central Bank of Bahrain, Bahrain Economic Development Board (EDB), National Bank … Continued

Game of hubs: The battle for the Middle East’s startup capital

Image courtesy of Shutterstock For several years, Dubai, with its strategic location and stability, has been able to establish itself as the hub for the private sector across the Middle East and North Africa (Mena). Boasting superior infrastructure, vibrant cultural and entertainment lifestyle sector, the emirate has been able to attract expatriates from across the … Continued

Jersey and Bahrain sign digital innovation agreement

Jersey and Bahrain have today signed a Memorandum of Understanding to work together to drive digital innovation across both jurisdictions, to encourage more women into the sector, and to assist entrepreneurs to create digital businesses, products and services – with a particular focus on those that will help the finance industry. The MoU has been … Continued