The advent of Open Banking, mandated last year, and set to come into force in June this year, is the latest step in Bahrain’s leadership role in the FinTech sector.
Bahrain’s business-friendly environment has already helped attract and nurture many startup businesses, and new startups are establishing themselves all the time. The tech startup industry, in particular, is thriving, helping to grow the Middle East technology sector and generating more jobs every year. Tech businesses new to Bahrain don’t need to navigate the startup process … Continued
With Bahrain soon to become one of the first countries in the world to offer commercial 5G services in June this year, we are at the forefront of innovation – not just in pockets or special zones, but spread across our entire country.
With big property players waking up to the potential of technological disruption on their businesses, it has been smaller, more nimble competitors who have led the change. One such disruptor is Estater, makers of a PropTech app which celebrated its entry into Bahrain.
History has given us some great double-acts. In the business world, few can match the achievements of the duo behind the game-changing tech giant Apple Inc. Steve Jobs and Steve Wozniak founded arguably the most influential and powerful tech company the world has ever seen. Jobs, though often given the majority of the praise for … Continued
Electronic commerce, more than any other facet of the economy, holds the potential to transform the GCC in exciting ways over the next few years. Taking into consideration that mobile phone subscriptions have already outpaced population numbers throughout the region – by 2.1 times in Bahrain and the UAE, for instance – it is a … Continued
Fintastic Bahrain Week is just a few weeks away, and you don’t want to miss the impactful agenda that will see finance visionaries from across the globe descend on Bahrain to discuss technologies and innovations that are in the vanguard of redefining the financial services industry. The financial sector across the Gulf finds itself at … Continued
The year 2018 marked a special year for us here at the Bahrain Economic Development Board (EDB), one in which we’ve realised record-breaking job creation and direct investment figures. We attracted over USD 830 million in direct investment with 4,772 jobs being added to our economy over the next three years. We have our Team … Continued
Team Bahrain’s recent trip to China – touring commerce and innovation hubs including Shenzhen, Hangzhou, and Shijiazhuang – only served to deepen my conviction that our partnership has only just begun to fulfil its enormous potential. As China continues to build the Digital Silk Road and support the development of technology leaders, Bahrain represents a natural partner that can nurture the ingenuity of these visionaries and serve as a gateway to a region of 50 million people with a combined spending power of $1.5 trillion.