The Central Bank of Bahrain (CBB) has issued the final rules on “insurance aggregators”.

Abdul Rahman Al Baker, executive director of financial institutions supervision, said: “The introduction of insurance aggregator rules is a first step for the CBB towards ‘Insuretech’, a technology led transformation of the insurance sector which is"...

Bank ABC (Arab Banking Corporation B.S.C.) – Bahrain Bourse Trading Code “ABC” – announces its results for the first half of 2019. The period was marked with persisting trade tensions between US and China, which together with the uncertain political situation in some of ABC’s key markets has dampened economic growth and demand for credit. Moreover, relative currency weakness in Brazil, as well as the changing USD interest rate outlook has affected ABC’s year on year performance. Notwithstanding"...

Bahrain Commercial Facilities Company BCFC has successfully renewed payment card security certificate by SISA Information Security WLL, the leading Qualified Security Assessor for the Middle East region to ensure the importance of achieving highest level of security to their clients.

The PCI DSS certification on its latest version release 3.2.1 certification to BCFC has been awarded after completing the audit and attaining compliance in one of the"...

Ithmaar Holding B.S.C., a Bahrain-based holding company, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, each announced their financial results for the first half of 2019 with both reporting increased profits for the period.

The announcement by the Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, who is also the Ithmaar Bank Chairman, follows the review and approval of both Boards"...

Bahrain Association of Banks (BAB) announced participation of Bahrain Credit as a gold sponsor of the 100th anniversary celebration of Bahrain’s banking sector.

The celebration will be held on December 11 under the patronage of His Royal Highness the Prime Minister Prince Khalifa bin Salman Al Khalifa following a number of events, publications and meetings.

BAB confirmed"...

Ithmaar Bank, a Bahrain-based Islamic retail bank, announced (ed note: 050819) that it is upgrading and relocating its Muharraq branch to a new, better and more accessible location with ample parking facilities

The new full-service branch is located within the new Muharraq Central Market complex and, in addition to serving both customer and business at the market, also serves the fast growing commercial and residential area nearby.

The"...

Ithmaar Holding, a Bahrain-based holding company that is licenced and regulated as a Category 1 Investment Firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse, Dubai Financial Market (DFM) and Boursa Kuwait, announced today (ed note: 04/08/19) plans to voluntarily delist from Boursa Kuwait, while maintaining its listing on the Bahrain Bourse and DFM.

The announcement, by the Ithmaar Holding Chairman, His Royal Highness Prince"...

(BNA): National Bank of Bahrain (NBB), in line with its ongoing journey of transformation, announced new and digital services to continue enhancing and streamlining the banking experience for customers.

Amongst the new services now available at NBB branches is instant debit card issuance, where customers can immediately receive their new or replaced card during their"...

Manama: July 31 (BNA): The Central Bank of Bahrain (CBB) has decided today, to cut its key policy interest rate by 25 basis points.

The CBB cut its key policy interest rate on the one-week deposit facility from 2.75% to 2.50%. The CBB has also decided to cut the overnight deposit rate from 2.50% to 2.25%, the one-month deposit rate from 3.10% to 2.85% and the lending"...

Bahrain’s Electronic Network for Financial Transactions (BENEFIT), and Mastercard have partnered to launch a pilot blockchain program that will enable banks to deliver fast, secure and private cross-border commercial payments.

A historic milestone for the Kingdom’s banking sector, the partnership marks the first time that Mastercard will implement blockchain on a national scale in the Middle East, thereby supporting Bahrain’s transition"...