Bank ABC has obtained the Central Bank of Bahrain’s (CBB) approval to appoint a market maker to enhance the liquidity of the Bank ABC’s share trading on the Bahrain Bourse. This arrangement was also approved by the Bank’s shareholders during their Ordinary General Assembly meeting last March.

To achieve this goal, Bank ABC has appointed as of 20 June 2018 the Securities and Investment Company BSC (SICO) as the designated market"...

For the first time in history, kids in the Kingdom have demanded something to the Central Bank of Bahrain (CBB). They want more new currency notes to be printed as they are reluctant on receiving old notes from elders as part of Eidiya custom. Many parents had to iron old and wrinkled notes before making contributions to their children’s money bags.

Maryam Abbas, a parent, said new notes would boost children’s joy along with wearing"...

Implementing FinTech requires bridging information security gaps, According to Adnan Ahmed Yousif, Chairman of Bahrain Association of Banks (BAB) – former president of Union of Arab Banks (UAB).

“Applying FinTech requires addressing ICT gaps and reforms aimed at achieving compliance with international regulatory standards should be supported and coupled with strengthened financial oversigh,” he said.
“Although existing regulatory standards address the risks associated with FinTech"...

Payment International Enterprise (PIE), one of the largest fintech companies in Bahrain, has announced that it has become a principal licensee for Mastercard, a leading technology company in the global payments industry.

With this development, PIE has renewed its strategic commitment to providing innovative, reliable, and efficient financial products for its customers"...

The Gulf Cooperation Council’s dispute with Qatar seems to have enough fuel to continue for the foreseeable future. The Qatari authorities recently responded to the commercial boycott imposed by Saudi Arabia, the UAE, Bahrain and Egypt by blocking commercial imports from all four countries. And a few days ago Doha made its clearest statement yet in opposition to any strong measures designed to counter Iran’s regional policies.

Since"...

Bahrain Islamic Bank (BisB) has recently announced the launch of its in-house innovation lab, a dedicated creative space that will allow the bank to perform exploratory test runs, in an effort to continually improve new banking products and services before they are deployed in the market.

The unveiling of the Innovation Lab is part of the bank's drive to harmonise financial technology with its business operations, in order to deliver superior integrated financial solutions to satisfy its customers’"...

Bahrain-based Bank ABC, a leading international financial group in the region, has announced the appointment of Ammar Khalil as the senior executive officer of the bank’s branch at the Dubai International Financial Centre.

In his new role, Khalil will have the overall responsibility of leading the bank’s UAE strategy across all wholesale banking, treasury and financial markets products, working closely with the other product lines and geography teams in the Bank ABC Group.

Bank ABC has"...

A delegation from the Central Bank of Bahrain (CBB) recently visited the Visa Innovation Center. The visit came in line with the CBB’s drive toward digitization, positioning Bahrain at the forefront of payment innovation. The delegation was guided through Visa’s initiatives and experienced first-hand some of Visa’s innovative prototypes.
The CBB has taken the front seat in instigating a progressive payment infrastructure and continuously explores the realms of cutting-edge innovation.
The launch"...