Citi Bahrain Expands its Global Technology Hub in Manama
Citi chose Bahrain as a destination for its tech hub owing to the depth and diversity of the island nation's talent pool, which is further backed by forward-looking regulatory frameworks reinforced by agile government support.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Biz Bahrain
a day ago
- Biz Bahrain
Miknas Affirms Readiness to Strengthen Economic Collaboration Between Bahrain and Lebanon
Akram Miknas, Businessman and Chairman of Promosven, affirmed that the recent official visit of His Excellency General Joseph Aoun, President of the Lebanese Republic to the Kingdom of Bahrain marks a historic turning point in bilateral relations between the two nations. 'The high-level meetings held during the visit, particularly the meeting between His Majesty King Hamad bin Isa Al Khalifa and His Excellency the President, represented a significant milestone in strengthening ties across political, economic, and social spheres. It also stands as the highest-level visit by a Lebanese official in decades.' said Mr. Miknas Mr. Miknas emphasized the readiness of Promosven and the wider Lebanese business community to contribute meaningfully to the activation of economic collaboration between Bahrain and Lebanon by translating signed agreements into tangible projects. 'It is essential to reinstate direct flights between Bahrain and Lebanon, given the critical role such connectivity plays in revitalizing trade, stimulating tourism, and enhancing overall economic exchange. Equally, streamlining visa and residency procedures is fundamental to facilitating the movement of investors and entrepreneurs, thereby enabling the expansion of joint ventures and reinforcing the economic partnership between both nations.' In a related context, Mr. Miknas noted that Lebanon today is in urgent need of support from all its Arab brothers to strengthen its economic and political stability. Bahrain was the first to offer such support, reaffirming Lebanon's rightful place within the Arab fold after a prolonged period of absence and unrest. This noble initiative by Bahrain has the potential to serve as Lebanon's economic gateway to GCC countries, which are distinguished by their diverse and well-established economies, advanced financial and commercial infrastructure, and a supportive environment for investment and business. Highlighting key opportunities for collaboration, Mr. Miknas identified promising avenues for private sector partnerships in areas such as technology, Islamic finance and infrastructure development. Enhancing cooperation with Bahrain, particularly in light of Lebanon's ongoing economic recovery, presents meaningful opportunities, especially by leveraging the expertise of Lebanon's highly skilled professionals in fields such as artificial intelligence and digital innovation. 'The peoples of Bahrain and Lebanon share deep cultural values rooted in openness, tolerance, and hospitality. These qualities have long supported successful economic partnerships and continue to create a welcoming environment for Lebanese entrepreneurs, many of whom have established thriving businesses fully integrated into the fabric of Bahraini society.' Mr. Miknas concluded by reaffirming the vital role of economic diplomacy and private sector engagement in strengthening the long-standing relationship between Bahrain and Lebanon, paving the way for a prosperous and mutually beneficial future.
Daily Tribune
a day ago
- Daily Tribune
LuLu Hypermarket Celebrates Global Flavors at ‘The World In Every Aisle' Festival in Bahrain
LuLu Hypermarket at The Avenues Bahrain kicked off a vibrant and flavorful festival that brings together tastes from around the world. Aptly named 'The World In Every Aisle', the event was inaugurated yesterday in a colourful ceremony attended by ambassadors and diplomats from over 13 countries. To mark the launch, the dignitaries placed their hands on a giant glowing globe, symbolizing LuLu's vast international reach and the start of this global culinary celebration. The festival highlights top-quality products sourced from LuLu's global supply network, which spans more than 30 countries including the United States, the United Kingdom, Italy, India, Sri Lanka, and Indonesia. Shoppers will find premium ingredients on the shelves, ready-to-eat meals in the Hot Foods section, and freshly baked treats like breads, pastries, and cakes from LuLu's in-house Bake Art bakery. One of the exciting features of the event is the spotlight on flavoured butters – a growing food trend. Bahraini entrepreneur Aida Al Mudaifa, founder of Early Riser, is showcasing a delicious range of nut, herb, savoury, and sweet butters that add a unique twist to any meal. Shoppers can also enjoy a special promotional offer: buy any selected product and get the second one at 50% off. This offer is available exclusively at LuLu Hypermarket in The Avenues Bahrain and will run until July 30, 2025. 'Our global supply chain ensures that we bring the finest products to our customers, fresh and with minimal waste,' said Mr. Juzer Rupawala, Director of Retail at LuLu Group. 'This festival is not just about food – it's about celebrating connections, cultures, and the amazing possibilities when the world comes together.' LuLu is also giving space to local culinary entrepreneurs and food trends, providing shoppers with a taste of Bahrain's vibrant food scene.
Daily Tribune
3 days ago
- Daily Tribune
Al Baraka partners with ICIEC to back Islamic trade from Bahrain
TDT | Manama Al Baraka Islamic Bank has signed a key policy agreement with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), in a move expected to boost Shariah-compliant trade financing and mitigate risk for Bahraini exporters and investors. The policy, signed in Bahrain, grants Al Baraka access to ICIEC's insurance tools, including credit and political risk protection. These instruments are designed to support clients engaged in cross-border trade in alignment with Islamic finance principles. Risk-sharing tools ICIEC, a multilateral insurer affiliated with the Islamic Development Bank Group and rated Aa3 by Moody's, provides guarantees for trade and investment in Organisation of Is - lamic Cooperation (OIC) member states. By partnering with ICIEC, Al Baraka gains the ability to extend credit support to businesses with greater confidence. 'This agreement underscores our commitment to sustainable Islamic banking,' said Hamad Abdulla Al Oqab, CEO of Al Baraka Islamic Bank. 'It enhances our ability to offer secure, Shariah-compliant trade finance to our customers.' Private sector push The partnership targets increased access to ICIEC's comprehensive insurance policies that reduce risk exposure for local businesses trading internationally. It also aims to support Bahrain's broader economic diversification goals by making the country more attractive as a base for Islamic trade and finance. The agreement is expected to improve the competitiveness of Bahraini enterprises operating in OIC markets, where ICIEC provides tailored coverage against credit default, political unrest, or unforeseen trade disruptions. Bahrain gateway The bank's leadership highlighted the role of such policies in enabling Bahrain to serve as a safe and credible Islamic banking hub. Al Baraka noted that this is part of its wider strategy to empower local businesses to expand globally without compromising on faith-based financial values. ICIEC and Al Baraka officials expressed mutual optimism about the partnership's impact on the development of the Islamic financial services ecosystem, particularly in trade finance. The collaboration marks a new step in integrating multilateral risk insurance into Islamic banking operations in the Kingdom.
