Elm, a leading digital solutions company, has signed a memorandum of understanding with the Bahrain Electronic Network for Financial Transactions (BENEFIT), the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service.
Mastercard has renewed its multi-year agreement with Bahrain-based fintech INFINIOS to advance business-to-business (B2B) travel payments across the Middle East and North Africa region (MENA), marking an important step in supporting the digital transformation of the travel sector.
Al Areen Development Company signed a Memorandum of Understanding (MoU) with Ennismore, a global lifestyle hospitality company, to manage and operate the Rixos hotel located next to Janat Dilmun Water Park in Al Areen, as part of the Al Areen Master Plan in Bahrain.
SITR Compliance Technology, an early-stage Bahraini regulatory technology startup supported by the Bahrain Economic Development Board, has announced the launch of its operations in the kingdom. SITR is building shariah-compliance infrastructure for Islamic financial institutions.
Bahrain Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, and Benefit, the kingdom’s leading company in financial technology and electronic transaction services, have announced the signing of a strategic cooperation agreement.
Bahrain Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, has signed an agreement to make a strategic investment in DOO, a Bahraini AI-powered customer experience company.
Edamah, the real estate arm of Bahrain’s sovereign wealth fund Mumtalakat, has joined hands with Kanoo Real Estate, a division of the Yusuf bin Ahmed Kanoo Group, to develop a premium waterfront leisure and commercial destination - Pier 1890 - on Manama Corniche, adjacent to the Shaikh Hamad Causeway.
The Indian Hotels Company Limited (IHCL) and Kingdom Projects have announced a $100 million investment in Bahrain to introduce three developments: the Taj hotel brand’s debut in the Kingdom, Bombay Brasserie and Hamleys, expanding the country’s hospitality, dining and retail offering.
Bahrain-based technology group Beyon is expanding its renewable energy capacity, with a third data centre set to be powered entirely by clean energy following the completion of the 14,000-sq-m fifth phase of its solar park programme being implemented in partnership with Almoayyed Solar.
Bahrain’s Eskan Bank has announced 140 investment opportunities to develop heritage properties across six neighbourhoods in Muharraq city. The key initiative, being implemented in co-ordination with the Bahrain Economic Development Board, is aimed at preserving the historic district’s cultural identity.
