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March 4, 2019

The bank has doubled its staff numbers in Riyadh and is recruiting people to its Abu Dhabi branch

In the UAE, National Bank of Bahrain is also working to recruit new personnel and “select new clients were NBB can add value”.

National Bank of Bahrain is bulking up staff numbers in its Abu Dhabi and Riyadh branches to capitalise on strong business ties between Bahrain, Saudi Arabia a...

February 25, 2019

Exclusive: Bahrain Fintech Bay CEO Khalid Saad said that Silicon Fintech Bay will open as soon as late March

CEO Khalid Saad 

Bahrain Fintech Bay is working to establish three “sister platforms” in the United States and Singapore to build links between firms working in the fintech sector, according to CEO Khalid Saad.

In an exclusive interview with Arabian Business, Saad revealed th...

September 10, 2018

The company is planning expansion across the GCC, including Saudi Arabia and Bahrain

Ammar Afif, founder and managing director of Monami Tech

UAE-based FinTech payments company Monami Tech has successfully closed seed funding of $1 million, the first tranche of a Series A round, which is expected to raise over $3 million over the next 90 days.

The leader investor is PGH Holdings, an...

September 10, 2018

The Securities and Commodities Authority had previously warned caution about digital, token-based fundraising activities

The UAE’s Securities and Commodities Authority (SCA) has approved a plan to regulate initial coin offerings (ICOs) and recognise them as securities, SCA chairman and Minister of Economy Sultan bin Saeed Al Mansouri said on Sunday.

The UAE’s Securities and Commodi...

June 10, 2018

Bahrain's FinTech Bay hopes to be a catalyst for change in the digitally-savvy kingdom

For decades, tiny Bahrain – population 1.5 million – has punched above its weight in the banking and financial services industry, rivalled only relatively recently in the Gulf by regional powerhouse Dubai. But rather than rest on its laurels, the small Gulf kingdom is striving to be on the cutti...

June 8, 2018

Financial technologies will play a key role in the GCC's economic diversification efforts

Smart money non-oil sectors including fintech is starting to gain ground in the region

Despite being a relatively recent phenomenon, financial technology – more popularly known as fintech – is changing the face of the modern financial landscape, whether through cryptocurrencies, smartphone app...

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