Beirut, Apr. 24 (BNA): Lebanese Prime Minister Saad Al-Hariri has stressed that his country needs to carry out the necessary reforms for the benefit of the Lebanese citizen and public finance as well as to overcome challenges.

In a speech in the Arab Banking Conference for 2019 entitled 'Economic Reforms and Governance' that he sponsored, he said, 'We in"...

The Royal Charity Organisation (RCO) has launched the “credit points donation” project.

The organisation is working to establish community partnerships with several banks and has collaborated with Ithmaar Bank.

Ithmaar Bank has added the advantage of donating points to the families sponsored by RCO and provided a new feature within the Ithmaar Rewards programme"...

The Central Bank of Bahrain (“CBB”) issued the draft rules on “insurance aggregators”. Insurance aggregators are intermediaries with an insurance broker’s license who operate an online platform, whether hosted on an Internet website or available as a smart device application (“app”) which provides price comparisons and facilitates the purchase of insurance policies from several insurance licensees.

With"...

Manama, Apr. 22 (BNA): Under the patronage of the Central Bank of Bahrain (CBB), Bahrain FinTech Bay (BFB) will host InsurByte Conference 2019, titled 'Reimagining Insurance' taking place on June 12-13 at the Gulf Convention Centre.

In strategic partnership with the Bahrain Institute of Banking & Finance (BIBF), and the Bahrain Insurance Association (BIA),"...

Manama, Apr. 22 (BNA): The Central Bank of Bahrain ('CBB') has issued the draft rules on 'insurance aggregators'.

Insurance aggregators are intermediaries with an insurance broker’s license who operate an online platform, whether hosted on an Internet website or available as a smart device application ('app') which provides price comparisons"...

As part of its commitment to community service and support for charities, CrediMax donated to Bahrain Red Crescent Society its annual support during a handover ceremony at its headquarters in the presence of CrediMax Chief Executive, Mr. Yousif Ali Mirza and Assistant General Manager, Business Development Department Mr. Ahmed A. Seyadi, in addition to Mr. Mubarak Al Hadi, Director General of Bahrain Red Crescent Society and Ms. Zainab Ali Zayer, Head of Accounts.

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Bahrain-based Gulf International Bank converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capital, as the lender looks to boost its presence in the kingdom.

The bank’s Saudi arm will be owned equally by GIB, as the Bahraini lender is known, and Saudi Arabia’s Public Investment Fund, according to a statement. Abdulla bin Mohammed Al Zamil is chairman of GIB Saudi Arabia, while GIB Chief"...

Bahrain Development Bank (BDB) in a process to further support startup and SMEs in Bahrain, has launched ‘Point of Sale (POS) Assignment on card receivables’ in collaboration with CrediMax.

The POS Assignment can be used by retailers and service providers, who accept debit and credit cards as a mode of payment, to enhance security package that is required for raising finance by simply assigning their point of sale proceeds to BDB. This"...

Al Salam Bank-Bahrain (ASBB), the pioneering shari’a-compliant bank in the kingdom, has joined hands with Arab Financial Services, the region’s leading FinTech enabler and payment services provider, for the official launch of the first digital payroll solution ‘Al Rateb.’

The product was unveiled at a key event held at the Jumeirah Royal Saray, Bahrain yesterday (April 17) in the presence of senior government officials and dignitaries.

The reception was an opportunity for"...

A senior delegation from Investcorp, a leading global provider and manager of alternative investment products, led by Executive Chairman, Mohammed Alardhi, has successfully concluded a tour of four vibrant emerging Asian economies. The visit comes as the Firm’s Asian based investors’ AUM grows to 10 percent (over $2.5 billion) of its global AUM as a result of its strategy to expand its footprint and offering in the East.

The delegation"...