Digital City Bahrain Awards Design, Lead Consultancy Contract for Trio Park
Digital City Bahrain has appointed Brewer Smith Brewer Group (BSBG) as the design architect and lead consultant for Trio Park, the first phase of Digital City Bahrain, located at the Beyon Campus in Hamala. To read more click here.
Dar Al Handasah wins Qatar-Bahrain bridge deal
The Lebanese consultancy: Dar Al-Handasah has been awarded a QAR28 million ($7.7 million) contract to carry out feasibility studies for the Qatar-Bahrain causeway. To read more click here.
Bahrain lowers real estate investment needed for Golden Residency
Bahrain has lowered the minimum real estate investment needed to secure its 10-year Golden Residency visa from BD 200,000 to BD 130,000. The adjustment by the Ministry of Interior’s Nationality, Passports and Residence Affairs is expected to boost interest in premium properties and make the residency scheme more accessible to a wider group of investors. […]
EY report: Bahrain most cost-effective GCC hub for financial services firms
Bahrain has been ranked as the most cost-competitive location to operate a financial services firm with a tech hub within the Gulf Cooperation Council (GCC) countries, with a 48% cost advantage, in the ‘Cost of Doing Business in the GCC’ financial services sector report published by Ernst & Young LLP’s United States office. To read […]
Bahrain launches tender for 1,400 MW power plant
Kamal bin Ahmed Mohammed, President of the Electricity and Water Authority (EWA), announced the launch of an international tender to develop and implement the Sitra Independent Water and Power Production Plant (IWPP), with a planned capacity of approximately 1400–1500 megawatts (MW) of electricity and 30 million imperial gallons per day (MIGD) of potable water, through […]
Bahrain announces tender for first solar power plant
Kamal bin Ahmed Mohammed, President of the Electricity and Water Authority (EWA), announced the launch of a tender to develop Bahrain’s first solar power plant, with a capacity of around 150 megawatts, in partnership with the private sector. The project forms part of national efforts to expand the use of renewable energy and promote environmental […]
Law to tax multinational companies is approved in Bahrain
A royal decree law imposing a 15 per cent Domestic Minimum Top-Up Tax on eligible multinational enterprises (MNEs) operating in Bahrain was unanimously approved by the Shura Council. To read more click here.
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 […]
