• The GCC Financial Forum 2019
Showcasing Bahrain’s FinTech success

Showcasing Bahrain’s FinTech success

Bahrain’s central role in the rapidly developing world of FinTech will be celebrated later this month as the annual Fintastic Week will be held in the Kingdom between February 24 and 29.

Over a thousand delegates from the worlds of business, government and academia will be in Bahrain to learn more about the latest trends in the reinvention of financial services and enjoy keynote speeches from world-renowned speakers, it is learnt. Events will also include best practice workshops for startups and fireside conversations with respected FinTech pioneers and leaders.

Global tech innovator and Apple Computers co-founder Steve Wozniak will take centre stage and share his thoughts and predictions on the current and future state of the global financial technology industry.

Other notable speakers at event include Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy; and Louise Beaumont, cochair of the Open Banking and Payments Working group, at Tech UK. Commenting on the Forum, Victoria Behn, Director of Middle East and Africa at Euromoney Conferences, co-organisers of the GCC Financial Forum noted: “We are honoured to host the GCC Financial Forum in partnership with the Economic Development Board of Bahrain for the eighth consecutive year. “With international financiers, senior regional policymakers and leading FinTech firms attending from across the Middle East, the GCC Financial Forum will once again be an unmissable event.”

The disruptive power of FinTech is being increasingly felt across the Middle East as Governments look to diversify their economies and improve productivity through increased uptake of innovation and technology. S u c h t ra n s f o r m a t i o n i s showing through in the numbers already, with GCC startups expected to raise $2 billion of private funding in the next decade, in comparison to only £150 million in the previous ten years.

The potential for even greater change is illustrated by the fact that 86 per cent of the MENA population remained unbanked in 2017. This is despite a very high mobile phone penetration rate and more than half the region’s population being under 30. In a release issued to media, Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board, a co-host of Fintastic Week noted: “The FinTech space in the Middle East is growing and its opportunities and potential are being recognised by the global FinTech community. “In Bahrain, we are building on our heritage of excellence in financial services by developing innovative new products and services that will transform how consumers and businesses right across the region approach this sector, and events such as Fintastic Week bring these fresh and new ideas to the table.”




Sophia the Robot is here

Sophia the Robot is here

Sophia, the world’s most famous robot visited Bahrain yesterday where she interacted with many individuals, organisations and school students.  Attending the third Middle East and Africa FinTech Forum, Sophia spoke about the

Sangamam pays tribute to CRPF Martyrs

Sangamam pays tribute to CRPF Martyrs

Sangamam Irinjalakuda held the inauguration of its 2019 executive committee at Bang Saeng Thai restaurant on Thursday evening. Chief Guest was SPAC Chairman P Unnikrishnan. The meeting paid tribute to the martyrs of the Pulwama at

Holistic approach to reduce stress

Holistic approach to reduce stress

Indian Embassy in Bahrain yesterday launched a new yoga initiative aimed at bringing wellness into workplaces to help workers deal with dayto-day stress.  The new initiative, a yoga-based approach is organised by the Indian embass

All eyes on Sharm el-Sheikh

All eyes on Sharm el-Sheikh

His Majesty King Hamad bin Isa Al-Khalifa will lead Bahrain’s delegation to the first Arab-EU Summit, which kick-offs tomorrow in the presence of European and Arab leaders at Egypt’s Red Sea resort of Sharm el-Sheikh. The R

Lending a helping hand

Lending a helping hand

The supporting activities of the second edition of the Strongest Bahraini Championship were held yesterday at Bahrain International Circuit (BIC) under the patronage of HH Shaikh Khalid bin Hamad Al Khalifa. The move was part of humani


Sangamam pays tribute to CRPF Martyrs

Sangamam pays tribute to CRPF Martyrs

Sangamam Irinjalakuda held the inauguration of its 2019 executive committee at Bang Saeng Thai restaurant on Thursday evening. Chief Guest was SPAC Chairman P Unnikrishnan. The meeting paid tribute to the martyrs of the Pulwama at

Holistic approach to reduce stress

Holistic approach to reduce stress

Indian Embassy in Bahrain yesterday launched a new yoga initiative aimed at bringing wellness into workplaces to help workers deal with dayto-day stress.  The new initiative, a yoga-based approach is organised by the Indian embass

All eyes on Sharm el-Sheikh

All eyes on Sharm el-Sheikh

His Majesty King Hamad bin Isa Al-Khalifa will lead Bahrain’s delegation to the first Arab-EU Summit, which kick-offs tomorrow in the presence of European and Arab leaders at Egypt’s Red Sea resort of Sharm el-Sheikh. The R

Lending a helping hand

Lending a helping hand

The supporting activities of the second edition of the Strongest Bahraini Championship were held yesterday at Bahrain International Circuit (BIC) under the patronage of HH Shaikh Khalid bin Hamad Al Khalifa. The move was part of humani

Saudi bags $10bn oil deal

Saudi bags $10bn oil deal

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud met China’s President Xi Jinping yesterday and bagged a $10-billion oil deal. Prince Mohammed arrived in Beijing on Thursday following visits to Pakistan and India. &ld

Hsieh upsets Pliskova

Hsieh upsets Pliskova

Hsieh Su-wei won the last six games to beat fourth seed Karolina Pliskova 6-4, 1-6, 7-5 yesterday in Dubai and will face a woman she has never beaten, Petra Kvitova, in the semi-finals. Second seed Kvitova, winner of the event in 2013,

Kim Kardashian sues fashion company

Kim Kardashian sues fashion company

Reality TV star Kim Kardashian West has filed a lawsuit against an online retailer for using her name and image without permission to advertise their own designs. Kim on Wednesday filed a case against Missguided USA, seeking damages in