Bahrain: Emerging Firms Invest Up to USD66m in Financial Technology

By Obaid Al-Suhaimi / Ashaq Al-Awsat - Image Credit: Ashaq Al-Awsat


SOURCE: Ashaq Al-Awsat - Bahrain: Emerging Firms Invest Up to USD66m in Financial Technology

The Bahrain Economic Development Board (EDB) estimated the investment flow of emerging firms in the financial technology field as USD66.6 million. EBD announced, Wednesday, the first Fintastic Bahrain Week from February 19 to 21. The week-long series of activities will bring together around 700 international and regional financial services experts.

Khalid al-Rumaihi, Chief Executive, Bahrain Economic Development Board, commented: “Just as we set the global benchmark for Islamic banking regulation, today the Kingdom’s regulatory sandbox is creating new inroads for innovation, enabling FinTech firms to test and experiment new banking ideas and solutions. Fintastic Bahrain Week presents an important moment to share insights from Bahrain, the GCC and around the world to help shape the future of the sector.”
The return of the seventh annual GCC Financial Forum, co-hosted by Euromoney Conferences and EDB, will form the backbone of the week, taking place on February 20 and 21.