logo
KGeN launches regional headquarters in Bahrain

KGeN launches regional headquarters in Bahrain

Zawya16-04-2025
Bahrain - Kratos Gamer Network (KGeN), a global decentralised platform for gamers, has announced the launch of its regional headquarters for the Middle East and North Africa (Mena) in Bahrain.
Boasting a global community of more than 21 million gamers, KGeN is commencing on-the-ground operations in Mena to capitalise on its rapidly expanding gaming market.
The KGeN Mena headquarters will introduce a universal gamer reputation framework, enabling gamers in the region to establish their gaming history through the globally recognised 'Proof of Gamer' system and join the KGeN network.
The Bahrain-based HQ aims to bridge the gap between regional gaming communities and global game publishers seeking to connect with the passionate local gaming community.
Furthermore, KGeN's Bahrain regional headquarters is set to drive innovation and growth within the region's evolving gaming and gamification ecosystem. It will offer a blockchain-based user identity, reputation, and loyalty framework to regional publishers looking to engage their consumers through cutting-edge gamified and immersive experiences.
Manish Agarwal, co-founder of KGeN, said: 'Bahrain's progressive digital infrastructure and supportive business environment make it an ideal location for KGeN's regional expansion. We are excited to contribute to the region's thriving gaming industry by providing top-tier technology solutions, partnerships, and expertise.'
KGeN's expansion aligns with its vision to empower consumer enterprises through AI and blockchain-enabled gamification. By leveraging Bahrain's advanced ICT sector, KGeN intends to tap into emerging opportunities and collaborate with local and international consumer-facing entities.
Ali Al Mudaifa, chief of business development at the Bahrain EDB, welcomed KGeN's establishment.
'Their choice of Bahrain for their regional headquarters underscores our dynamic tech ecosystem, attracting innovative companies and highlighting our skilled talent and infrastructure. This strengthens our commitment to the Mena gaming industry's projected $2.8 billion market by 2026,' he added.
Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Vatel Bahrain launches first MBA in International Hotel Management in the Kingdom
Vatel Bahrain launches first MBA in International Hotel Management in the Kingdom

Zawya

time4 hours ago

  • Zawya

Vatel Bahrain launches first MBA in International Hotel Management in the Kingdom

Bahrain: In response to growing demand for specialised leaders in the region's rapidly expanding tourism sector, Vatel Bahrain has launched the Kingdom's first MBA in International Hotel Management. The two-year postgraduate programme, approved by the Higher Education Council (HEC), is placed at level 7 of the European Qualifications Framework (EQF) and aligned with the National Qualifications Framework (NQF) at level 9, offering students an internationally recognised pathway to senior roles in the hospitality and tourism sector locally, regionally and internationally. In line with the college's strategic goals, the MBA programme supports the objectives of Bahrain Vision 2030 and the Kingdom's Tourism Strategy 2022–2026 by empowering national talent in high-potential sectors and equipping them with professional knowledge, relevant skills, and leadership capabilities that enhance their contribution to sustainable economic development. Delivered entirely in English over two academic years, the programme is designed to engage students in a unique curriculum covering subjects such as Economy of Tourism and Hospitality, Marketing Strategy, Financial Analysis, Human Resources, Hospitality and Tourism Strategy, and language studies in English and French, honing their skills and enhancing industry readiness. Admission to the programme requires a bachelor's qualification in Hospitality or Hotel Management, or a bachelor's degree in any other discipline accompanied by a minimum of two years of relevant professional experience. Applicants must also successfully complete a personal interview as part of the selection process. Sheikh Khaled bin Khalifa Al Khalifa, General Director of Vatel Bahrain, affirmed that the introduction of this MBA programme—considered the first of its kind in the Kingdom—addresses the increasing need for skilled leadership in the hospitality and tourism industries across Bahrain and the wider region, while also executes Vatel Bahrain's strategic plan aimed at developing national and regional competencies to the highest standards by equipping them with professional skills, expertise and knowledge in the tourism field. Sheikh Khaled further added that the MBA programme has been meticulously developed to equip graduates with the professional knowledge, strategic acumen, and global perspective essential for assuming senior leadership roles within the tourism and hospitality sector. By seamlessly integrating academic rigour with practical industry experience and remaining attuned to evolving global trends, the programme seeks to address existing professional gaps and contribute meaningfully to enhancing the quality and competitiveness of hospitality services in Bahrain and the wider region. For more information, please contact: Zainab Ashoor | Marketing & Communications Specialist Al Jasra, Kingdom of Bahrain About Vatel Hospitality School: Vatel Hospitality School was established in France in 1981, specializing in business management within the hospitality and tourism sectors it has grown into a global network of over 55 campuses in 33 countries. The Bahrain campus, founded in 2018, is part of this global network. Vatel holds a distinguished international reputation, with over 45,000 graduates worldwide who have gone on to become leaders in the industry. Vatel has consistently been ranked first in France and 12th globally in hospitality management, according to the latest QS rankings, maintaining this position for four consecutive years.

Arada Developments Seeks Debt Financing Amid GCC Boom
Arada Developments Seeks Debt Financing Amid GCC Boom

Arabian Post

time17 hours ago

  • Arabian Post

Arada Developments Seeks Debt Financing Amid GCC Boom

Arada Developments has turned to the debt markets for financing, following its decision to issue a sukuk bond aimed at capitalising on the construction boom within the Gulf Cooperation Council region. With its credit ratings from Moody's and Fitch at B1 and B+, respectively, the company has mandated a consortium of major banks to facilitate the issuance of a five-year fixed-rate sukuk. The sukuk will be issued under Arada Sukuk 2 Limited's $1 billion Trust Certificate Issuance Programme, a key structure that offers Arada the flexibility to issue sukuk over a period. The bond is expected to receive a combined rating of B1 from Moody's and BB- from Fitch, which is indicative of a relatively higher risk investment but one with potential returns, especially in the current market context. Several prominent financial institutions have been enlisted to help manage the deal. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq, and Standard Chartered Bank are acting as the joint global coordinators for the issuance. Alongside them, a range of other banks, including Arab Bank, Arqaam Capital, Bank ABC, RAKBANK, Sharjah Islamic Bank, and Warba Bank, are involved as joint lead managers and bookrunners. ADVERTISEMENT The move comes at a time when GCC-based developers are increasingly turning to debt markets to raise funds, particularly as demand for real estate continues to soar in the region. A series of fixed income investor calls kicked off last Thursday, giving potential investors an opportunity to engage with Arada's plans and the offering's prospects. The sukuk offering is poised to benefit from the strong growth momentum in the GCC construction and real estate sector, driven by both government-led infrastructure projects and private sector initiatives. The UAE, in particular, has seen a substantial influx of investments in the property sector, driven by both foreign capital and domestic demand. Major projects across residential, commercial, and mixed-use developments are fueling optimism about the sector's future. In the case of Arada, the company has seen rapid growth since its inception. Founded with the ambition to drive innovation in urban developments, Arada has made strides with large-scale projects in key cities like Sharjah and Dubai. The company's flagship projects, such as the Aljada development in Sharjah, showcase its position as one of the leading developers in the region. However, like many other developers, Arada has faced challenges related to financing and liquidity, with the sukuk issuance being a strategic move to secure funds for continued expansion. The growing reliance on sukuk issuances by real estate developers in the GCC highlights an emerging trend. Developers are increasingly tapping debt markets as a means to fund large-scale projects. Sukuk bonds, due to their compliance with Islamic finance principles, are particularly attractive to investors in the region and beyond. This trend is also a result of the favourable financing conditions that have been available in recent years, with lower interest rates and increased liquidity in regional markets. As the sukuk market expands, there are concerns over the sustainability of such growth, especially in the context of rising interest rates and economic uncertainty in global markets. However, the demand for high-yielding, fixed-income instruments continues to remain strong among investors looking to diversify their portfolios, particularly those seeking assets that align with Islamic finance principles.

Multiply Group Completes Major Stake Purchase in Tendam
Multiply Group Completes Major Stake Purchase in Tendam

Arabian Post

timea day ago

  • Arabian Post

Multiply Group Completes Major Stake Purchase in Tendam

Abu Dhabi-based Multiply Group has concluded the acquisition of a 67.91% majority stake in Spanish fashion retailer Tendam, valued at AED 5.6 billion. This move marks a significant leap into the European retail market for the UAE-listed conglomerate, solidifying its position in the global apparel industry. The deal with Tendam, which operates several prominent fashion brands including Cortefiel, Pedro del Hierro, and Springfield, will elevate Multiply Group's international presence. Tendam is an established player in the omnichannel retail space, combining physical stores with an increasingly sophisticated digital sales infrastructure, which positions the company as a strong contender in the fast-evolving European fashion market. Multiply Group's entry into this space is seen as part of a broader strategy to diversify its portfolio and tap into lucrative international markets. Samia Bouazza, the Group CEO and Managing Director of Multiply Group, highlighted the strategic nature of the acquisition. She noted that by securing control over a leading omnichannel business, Multiply is embracing a forward-thinking business model that is not only resilient but also adaptable to changing market conditions. ADVERTISEMENT The acquisition comes at a time when global retail trends are shifting towards an integrated, omnichannel approach, allowing companies to reach consumers across both physical and digital platforms. Tendam's long-standing expertise in this area makes the company an attractive investment for Multiply Group as it seeks to expand its footprint in Europe. Analysts suggest that the acquisition will bolster Multiply's operational EBITDA, driving growth in the firm's retail segment. Multiply Group, which has made waves in sectors ranging from technology to entertainment, views the purchase as a step towards achieving its long-term growth objectives. The acquisition is expected to provide significant synergies across Multiply's existing portfolio, with the potential to scale Tendam's brands across different European regions and beyond. The move also indicates Multiply Group's growing focus on consumer-facing businesses, which is a departure from its traditional concentration on investments in industrial and commercial sectors. By diversifying into the fashion industry, the group is positioning itself to benefit from the continued shift in consumer behaviour, where e-commerce and digital sales channels are becoming dominant drivers of growth. Industry experts believe the timing of the acquisition is particularly strategic. With the fashion industry adapting to evolving consumer preferences—especially in terms of sustainability and technological integration—the future of retail is poised for transformation. Tendam's strong digital presence, combined with its established retail stores, provides a balanced model that can better withstand economic fluctuations, making it an attractive proposition for investors. The deal strengthens Multiply Group's ties to the European market, offering more opportunities to collaborate with local businesses and expand its network of strategic partnerships. The UAE's growing influence in global investment circles, particularly in retail and fashion, is highlighted by this acquisition, which is expected to attract additional attention from global investors looking to enter the region.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store