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Bahrain

FlexxPay raises $3m in pre-series A round to enhance technology platform

FlexxPay is currently available in the UAE and Saudi Arabia, and will be launched in Bahrain next month

AlUla agreement: What does resetting ties with Qatar mean for the GCC region?

The resumption of ties with Qatar by Saudi Arabia, the UAE, Bahrain and Egypt will boost the regional economy with certain sectors set to witness a significant impact

Covid-19: Bahrain suspends prayers at mosques for two weeks

The two-week suspension is effective February 11 onwards

In pictures: Landmarks across UAE, region turn red for Hope Probe’s imminent arrival to Mars

The UAE is poised to become only the 5th country ever to enter Mars’ orbit

Bahrain completes first phase of Dhs3.7bn airport modernisation project

Project financed by Abu Dhabi Fund for Development as part of GCC Development Programme

Investcorp buys apartments in $330m bet on suburbs

Investcorp confirmed the purchase in a stock market filing

Bahrain

Covid-19: Bahrain shuts all schools, closes dine-in services at restaurants

All public and private schools, universities and kindergartens in the country will move to remote learning for three weeks

Twitch: 4.4 million GCC gaming fans watched Arabic channels in 2020

Number of streams in Arabic increased by 221% from February to May peak

A health worker holds a vial of Covishield, AstraZeneca's Covid-19 coronavirus vaccine

Bahrain approves emergency use of Oxford-AstraZeneca Covid-19 vaccine

Covishield is the third vaccine to receive emergency authorisation in Bahrain following Sinopharm and Pfizer-BioNTech

Bahrain’s Investcorp launches fintech investment platform

Customers can browse, assess and invest in Investcorp’s investment offerings

cryptocurrency

Central Bank of Bahrain licences Sharia-compliant cryptocurrency exchange CoinMENA

At launch, CoinMENA’s platform will be available to residents of Bahrain, the UAE, Saudi Arabia, Kuwait and Oman

Bahrain-GCC trade hits $5.7bn in 2020 despite Covid-19 challenges

Bahrain exports surge 12 per cent in Q4 of 2020 buoyed by manufacturing sector

Bahrain plans to sell dollar bonds to plug budget deficit

The Gulf Arab kingdom is selling benchmark-size seven-year debt, 12-year securities and/or notes maturing in 30 years

Bahrain

Bahrain attracts $885m investment in 2020 despite Covid-19

Accumulated direct investments reaches 78 per cent of Bahrain’s GDP

Abu-Dhabi-International-Airport-1

Abu Dhabi expands ‘green list’ of countries that do not require quarantine

Bahrain is the latest to be added to the list, which also includes other Gulf countries

Abu Dhabi

Bahrain scores high in cost-effective supply chains

FDi says Bahrain is competitive in construction permits, energy prices, and taxes

Bahrain

Bahrain achieves nationwide 5G coverage

Bahrain ICT sector accounts for nearly 3% of national GDP

King Fahd Causeway re-opening to add ‘billions’ to Bahrain economy

Saudi citizens will be permitted to travel via air, land and sea from March 31 2021

Bahrain

Bahrain: Expats can apply for self-sponsorship of residency permits online

The online service covers foreign retirees, investors and property owner in Bahrain

Revealed: World’s best and worst passports for travel

The UAE ranks 16th on the 2021 Henley Passport Index

Gulf Arab states agree to restore Qatar ties, end three-year rift

Qatar’s ruler Emir Sheikh Tamim bin Hamad Al Thani landed in the kingdom to a warm embrace from the Saudi Crown Prince

Bahrain-Manama

Bahrain central bank extends loan repayment deferrals on Covid crisis

The option to postpone installments is to be offered to all customers residing in the kingdom, whether individuals or companies

Bahrain’s Investcorp buys stake in private equity firm Centre Lane

Centre Lane plans to use the capital to expand its private-credit and special-opportunities platforms and to increase capital commitment

Bahrain-Manama

Bahrain, UAE and Saudi ranked among world’s top five Islamic finance economies

Islamic Development Bank report places Bahrain in third place globally

Bahrain approves China’s Sinopharm Covid-19 vaccine

The UAE registered the Sinopharm vaccine after finding it had a 86 per cent efficacy rate

Bahrain

Bahrain to provide free Covid-19 vaccinations to all residents and citizens

All those over the age of 18 will receive the vaccine, with plans in place to initially vaccinate five thousand individuals per day

Bahrain puts economic recovery ahead of boosting budget revenue

Bahrain’s public finances have been under strain from the twin shock of the pandemic and lower oil prices

Bahrain

First insurance platform graduates from Central Bank of Bahrain regulatory sandbox

Tasweya offers a platform for auto-reconciliation of statements of accounts

GCC Covid-19 update: UAE reports 1,107 cases; 215 infections registered in Oman

The death toll in the UAE has risen to 572

Bahrain awards $2.7bn worth of contracts in first nine months of 2020

Robust figures come despite impact of Covid-19 on the global economy