Visa enables money transfers by mobile number in Bahrain
Visa, a global leader in digital payments, introduces Visa+ service in Bahrain, allowing users to send money to Visa cardholders within GCC using only recipient’s mobile number. To read more click here.
Bahrain’s CBB grants licence to new payment service provider
The Central Bank of Bahrain (CBB) has officially granted a Payment Service Provider (PSP) license to BPay Global B.S.C.(c), a subsidiary of the Binance Group. This makes BPay the first Binance-affiliated entity to secure a PSP license globally, underlining Bahrain’s commitment to fostering a forward-looking and inclusive regulatory environment for fintech and crypto innovation. To […]
Al Ansari completes acquisition of Bahrain’s BFC Group
Al Ansari Financial Services, one of the leading integrated financial services groups in the UAE and the parent of Al Ansari Exchange, announced the successful completion of its acquisition of BFC Group Holdings after receiving all the required regulatory approvals. This transformative $200 million transaction expands AAFS’s presence across Bahrain, Kuwait and India. To read […]
Bahrain launches hotline for Golden Residency
As part of the Bahrain government’s efforts to attract exceptionally talented individuals and investment into the Kingdom of Bahrain, a dedicated website (www.goldenresidendy.gov.bh) and a hotline (+973 17484000) was launched to provide information on its Golden Residency Program. To read more click here.
Bahrain unveils big infrastructure development plan
Bahrain is set to embark on a series of multi-million-dinar infrastructure projects under its 2025-26 budget, which is awaiting Shura Council approval. To read more click here.
Aecom named masterplanner for $700m Beyon Digital City project
Beyon, Bahrain’s largest communications and information technology company, has appointed Aecom as the master planner for its ambitious $700 million Digital City project. To read more click here.
Bahrain’s minister provides clarity on cryptocurrency rules
Bahrain is playing a pioneering role in regulating cryptocurrencies, implementing legal frameworks that provide confidence to investors while acknowledging associated risks, MPs heard. Finance and National Economy Minister said that the Central Bank of Bahrain (CBB) updates its regulations to keep pace with financial advancements. To read more click here.
Bahrain’s CBB introduces regulations for licensed financial institutions
The Central Bank of Bahrain (CBB) has introduced new requirements for licensed financial institutions relating to the appointment of board members and senior management. The new rules are issued under one common Module of the CBB Rulebook, replacing the “fit and proper” requirements which were previously included in the “Licensing Requirements”, “Authorisation” and “Training and […]
Noatum Maritime partners with ASRY to provide marine services in Bahrain
Noatum Maritime, a division of AD Ports Group’s Maritime and Shipping Cluster, has entered into a joint venture (JV) with Arab Shipbuilding & Repair Yard Company (ASRY), a maritime repair and fabrication facility in the Arabian Gulf, to provide marine services in Bahrain. To read more click here.
Bahrain: New Fines for Unrenewed Commercial Registrations
The Ministry of Industry and Commerce (MOIC) in Bahrain has decided on 21 October 2024 to impose an annual fine of BHD500 on each commercial registration that has not been renewed for three consecutive years. It has indicated that the decision does not include delays in renewing the registration for one or two years. It […]
