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September 12, 2019

Kuwaiti lender has offered to buy Bahrain's Ahli United Bank in an all-share deal

The combined entity will potentially become the Gulf’s sixth-biggest lender with $100 billion in assets.

Kuwait Finance House offered to buy Bahrain’s Ahli United Bank in an all-share deal that’s valued at about $8.8 billion.

The Kuwaiti lender plans to issue 1 share for every 2.325581 shares of Ahli U...

July 3, 2019

Partnership announced to test impact of artificial intelligence on streamlining and transforming service delivery for governments

Khalid Al Rumaihi, chief executive of the EDB.

Bahrain has announced it will partner with the UK government to pilot new guidelines for the procurement of artificial intelligence in the public sector.

The announcement was made by the World Economic Forum...

June 18, 2019

2019 Global Startup Ecosystem Report shows 18% of start-ups in Bahrain are founded by women, more than Silicon Valley

Bahrain is one of the top 10 start-up ecosystems with the largest share of female founders, according to the 2019 Global Startup Ecosystem Report.

The report, produced by StartUp Genome in partnership with the Global Entrepreneurship Congress, showed that with 18 pe...

June 4, 2019

Ithmaar Bank says it has retrofitted all 43 ATMs with sophisticated fingerprint readers

Following the launch, Ithmaar Bank customers are no longer required to use their cards at the bank’s ATMs. Instead, they can simply use their fingerprint along with their PIN to process financial transactions.

Ithmaar Bank, a Bahrain-based Islamic retail bank, has announced that it has successfu...

March 17, 2019

The report also found that the average cost of living in Bahrain is $51,252 a year.

The cost of setting up a business in Bahrain is up to 35 percent cheaper compared to the rest of the Gulf region, according to a KPMG report.

The report said Bahrain leads on a wide range of metrics including commercial rents up to four times lower, and staff costs that can be up to 60 percent below...

October 2, 2018

Emirates NBD has announced that it will soon launch customised banking services via WhatsApp in the UAE.

Dubai's biggest bank said in a statement that it is the first in the region to integrate its core systems with the WhatsApp Business solution.

It will allow customers to carry out their daily banking activities such as checking account balances and temporarily blocking or unbloc...

May 30, 2018

Simon Galpin, managing director of the Bahrain Economic Development Board, on how Bahrain has attracted business ranging from fintech start-ups to Amazon Web Services

Tell us about the Bahrain Economic Development Board (EDB)

The EDB was set up in 2000 to be a catalyst for helping Bahrain diversify away from oil and gas into new emerging sectors, and also to help drive government r...

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