Stc Bahrain achieves CREST Pathway+ Recognition
The CREST Pathway+ program is globally recognized for supporting cybersecurity providers in enhancing operational maturity and quality assurance standards. By attaining this recognition, stc Bahrain has aligned itself with industry-leading practices, reinforcing trust among clients and stakeholders. This achievement also positions stc Bahrain on the path to full CREST accreditation, enabling the delivery of advanced, reliable, and globally compliant cybersecurity services.
Hisham Mustafa, Chief Business Officer at stc Bahrain, commented: 'Achieving CREST Pathway+ recognition reflects our commitment to providing trusted and high-quality cybersecurity services. This milestone demonstrates our focus on meeting international standards and delivering solutions that meet the evolving needs of our clients. It further strengthens our position as a reliable partner in cybersecurity and supports our vision of excellence in this critical field.'
As a CREST Pathway+ organization, stc Bahrain has committed to adhering to CREST's Code of Conduct and Ethics while self-assessing against CREST's maturity standards. This recognition highlights stc Bahrain's proactive approach to operational excellence and its ability to deliver quality-assured cybersecurity solutions.
This accomplishment solidifies stc Bahrain's role as a trusted provider of cybersecurity services, helping businesses and government entities safeguard their operations against emerging threats and challenges.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
2 hours ago
- Zawya
ACICO reports net profit of KD 8.3mln and operating profit of KD 3.5mln in Q2 2025
Maintains stable prices and supports the local market amid operational developments Kuwait: ACICO Group announced its financial results for the second quarter of 2025, reporting a net profit of KD 8.3 million, marking a major turnaround from the net loss of KD 2.3 million recorded during the same period in 2024. The results reflect the company's stringent cost control policy, enhanced operational efficiency, continued progress in implementing its financial restructuring plan and its operational strength that positions it as a partner of choice in key infrastructure projects in Kuwait and the region. Commenting on the results, Chairman of the Board Mr. Emad Abdullah Al Essa stated: 'We are entering a new chapter that paves the way for strengthening our financial position in line with our solid operational track record and sector-wide achievements. We have built a strong foundation rooted in operational efficiency, prudent management and a clear commitment to sustainable growth, ensuring long-term value for our shareholders, customers and the community. With confidence, we are moving forward toward achieving financial and operational balance that reinforces ACICO's position as a leading national company aligned with Kuwait's and the region's development ambitions.' Sales from industrial operations grew by 7.9% to KD 35.6 million. Gross profit margin improved from 17% to 18%, and selling, general and administrative expenses remained flat year on year. Despite these improvements, the company recorded an operating profit of KD 3.5 million, compared to KD 5 million in Q2 2024. This variance is primarily due to the exclusion of real estate revenues following the divestment of certain assets as part of the company's restructuring efforts, which have significantly reduced total liabilities and interest expenses from KD 8 million to KD 3.7 million. Restructuring Enhances Financial Position During the quarter, ACICO finalized a major debt restructuring agreement with a creditor bank for a total liability of KD 128.5 million. The agreement, which aligns with the Group's approved financial restructuring plan, resulted in a non-recurring gain of KD 3.5 million and a corresponding increase in shareholders' equity. The agreement included a multi-phase implementation plan, comprising the transfer of a property worth KD 60 million, a partial cash repayment of KD 2 million, direct debt discounts, and the conversion of part of the debt into preferred shares. The Group reaffirmed that this agreement is a continuation of its comprehensive financial restructuring strategy endorsed by the Board of Directors, aimed at strengthening financial efficiency, fortifying the balance sheet, and reinforcing ACICO's position as a leading regional player.
Zawya
2 hours ago
- Zawya
QIB and INJAZ Qatar mark major milestone in Life Skills program
Doha, Qatar – Qatar Islamic Bank (QIB), Qatar's leading digital bank, in collaboration with INJAZ Qatar, a leading non-profit organization focused on youth economic empowerment, has successfully concluded the 2024/25 cycle of the nationwide Life Skills Program, impacting over 27,000 students across 71 schools. Over the course of the year, more than 180 teachers were trained and deployed to deliver the programs in classrooms. The sessions were integrated into the academic calendar, allowing students to benefit from structured, interactive content across 12 teaching hours. This three-year program, developed under the supervision of the Ministry of Education and Higher Education was designed to equip Grade 7 and Grade 9 students with the skills they need to succeed in both their academic and professional lives. The Life Skills for Preparatory Students project is comprised of two distinct programs tailored to each grade level. The 'It's My Business' program for Grade 7 students has introduced design thinking as a problem-solving approach and offered a hands-on entrepreneurial experience, guiding students through identifying market needs, proposing solutions, and exploring how to launch a business idea. Meanwhile, the 'It's My Future' program for Grade 9 students focused on career readiness, helping them build a personal brand, explore job opportunities, write resumes, and develop the skills and behaviors needed to succeed in the job market. Commenting on the success of the first year's program, Mrs. Mashaal Abdulaziz Al Derham, Assistant General Manager, Head of Corporate Communications & Quality Assurance at QIB, said: 'We are pleased to see the strong results of our collaboration with INJAZ Qatar. This program represents our long-term commitment to supporting the youth of Qatar through practical, forward-thinking education. By focusing on life and financial skills at the preparatory level, we are contributing to the development of confident, capable individuals who are ready to shape their own futures. This initiative aligns with QIB's social responsibility framework and supports the broader goals of Qatar National Vision 2030.' Mr. Emad Al Khaja, CEO of INJAZ Qatar, commented: 'We are happy to continue our successful collaboration with QIB. Together, we are building an ecosystem of learning that extends beyond the classroom and prepares young students to make informed life and career choices. This collaboration remains a strong model for impactful educational outreach in the region.' The QIB-INJAZ Qatar collaboration highlights a shared commitment to empowering youth in Qatar by bridging the gap between education and real-world skills. With a growing impact year over year, the Life Skills Program continues to support the development of future-ready generations who can actively contribute to the country's economic and social progress. For more information, please visit
Zawya
2 hours ago
- Zawya
Arab Bank named "Middle East Winner" at The Banker's Technology Awards 2025
The Banker magazine, owned by the Financial Times and based in London, named Arab Bank the 'Middle East winner' at The Banker's Technology Awards 2025, a recognition that celebrates excellence in financial innovation. The awards recognise the most innovative banks across the world for their digital banking initiatives that demonstrate creativity, measurable impact, and set new benchmarks for the fintech industry. Arab Bank was selected for this award following a comprehensive evaluation process by both internal and external judging panels. The selection was based on several key criteria, including the bank's local and regional impact, measurable performance results, and the bank's innovative approach to developing products and delivering tailored digital solutions that address evolving customers needs. This recognition comes as a result of Arab Bank's continuous efforts to offer the latest and most innovative digital banking services and solutions that caters to customer needs across the different sectors and markets. It also highlights the bank's vision for digital transformation and its continuous commitment to staying at the forefront of developments in the digital banking industry, contributing to the advancement of banking products and services. It's worth noting that The Banker Magazine, owned by the Financial Times and based in London, named Arab Bank as 'Bank of the Year in the Middle East for 2024'. Arab Bank also received the 'Best Bank in the Middle East 2025' award by New York-based international publication 'Global Finance', in addition to 24 local and regional awards in recognition of its corporate and consumer digital banking services in Jordan and across Middle East markets.
