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June 11, 2019

Gulf Cooperation Council nations are well positioned to adopt financial technology (FinTech) than their counterparts in the Middle East and Africa, according to S&P Global Ratings.

Customer preference for digital banking, access to capital and public policy reforms are driving the growth of FinTech in GCC states, while North and Sub-Saharan African countries are lagging behind due...

October 10, 2018

The cryptocurrency industry has drawn criticism and concern amid high market volatility and lack of global regulation, but Bahrain-based start-up Rain wants to change that. Reuters

Rain, a Bahraini cryptocurrency exchange backed by bitcoin developer Jimmy Song, aims to secure a full operational licence in 2019 to expand its operations in the GCC.

If successful, the company would be...

April 22, 2018

Signing up for life insurance is one of a number of basic financial products many UAE residents take for granted.

But for low-income, migrant workers, an insurance product or even a bank account can be completely out of reach. 

According to a new report from insurance technology start-up Democrance, low-income employees in the UAE view life insurance as a vital type of social prote...

March 6, 2018

The government of Bahrain is expecting 2,500 entrepreneurs from around the region to gather in Manama for its first Start-Up Bahrain Week, which kicked off on Sunday.

The event is part of an aggressive strategy by the Bahrain Economic Development Board (EDB) to turn Bahrain into a leading innovation hub for the Middle East and North Africa region. “If we can get all the elements r...

March 6, 2018

The Bahrain Economic Development Board (EDB) and FinTech Consortium recently announced the launch of Bahrain FinTech Bay, among the largest dedicated financial technology (fintech) hubs in the Middle East and Africa.

“Fintech Bay is not just a space, it is a whole ecosystem that sits on top of the space,” says FinTech Bay chief executive Khalid Saad, referring to the 10,000 square...

December 6, 2017

A consortium of three Bahraini banks will establish a company dedicated to research & development in the sharia-compliant fintech sector as the Arabian Gulf state seeks to position itself as a leader in financial technology.

KFH Bahrain, a unit of the sharia-compliant Kuwait Finance House, Islamic lender Al Baraka Banking Group and Bahrain Development Bank said on Tuesday the...

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