News

June 27, 2018

MANAMA: The first-ever Bahrain Start-up Ecosystem Report, a data-driven initiative by Bahrain FinTech Bay (BFB) is expected to be released on July 5, it has emerged.

BFB executive director Khalid Saad told the GDN during an event yesterday that the report, which was based on research, interviews and a survey, would serve as a guide for policymakers, investors and entrepreneurs.

“We...

June 26, 2018

Indicating a boost for the ecosystem, Bahrain Development Bank (BDB) has successfully closed its US$100 million venture capital “fund of funds” to support startups in Bahrain and across the MENA region. The Al Waha "fund of funds" is a definite mark for the growth of entrepreneurship in the region as it aims to support by providing capital to Bahraini startups, as well as attract...

June 24, 2018

The fund was launched at a forum in Manama in May

Bahrain’s Al Waha Fund of Funds has successfully closed its $100 million fundraising round, the Bahrain Development Bank (BDB) announced on Sunday.

In a statement, the BDB noted that the limited partners’ advisory committee met for the first time last week to close the $100 million, setting the strategic direction of the fund.

During...

June 12, 2018

Palmex granted licence by Bahrain Central Bank; says part of a process to verify security systems, policies, and controls to protect customers 

Palmex, a digital asset exchange powered by ArabianChain Technology, has become the first and only cryptocurrency exchange in the Middle East and North Africa to receive a regulatory sandbox licence.

The Central Bank of Bahrain (CBB) grante...

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...

June 6, 2018

Bahrain has brought about a new achievement by clinching second place in a list of the top 10 countries that provide a balance between work and life.

The list was released by InterNations, a global company specialised in this kind of researches on expatriates. With 42.9 working hours a week, Bahrain came second after Denmark and before Norway.

Click here to view the video.

The list...

June 3, 2018

Khalid Al Rumaihi, chief executive of Bahrain’s Economic Development Board, talks to James King about moving the country's economy away from oil, leveraging its financial hub credentials to attract fintechs and how Amazon gave it a vote of confidence by locating its first regional data centre there.

Khalid Al Rumaihi, chief executive of Bahrain’s Economic Development Board (EDB),...

Please reload

Featured Posts

Bahrain FinTech Bay Opens: Announces Startups & Founding Partners

February 26, 2018

1/2
Please reload

Recent Posts