Latest news with #BahrainEconomicVision2030
Zawya
26-05-2025
- Business
- Zawya
Bahrain's fintech excellence 'vital in shaping national visions'
Benefit, Bahrain's innovator and a fintech services leader, emphasised the strategic significance of Bahrain's financial sector in driving the Kingdom's Economic Vision 2030 at the Public Relations and Diplomacy Conference held at the Jumeirah Hotel in Kuwait. During the event, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at Benefit and Vice President of the Bahrain Public Relations Society, delivered a presentation titled 'The Role of Public Relations Diplomacy in Advancing National Development Goals: Bahrain as a Benchmark.' The presentation highlighted the sector's alignment with the Financial Services Sector Development Strategy (2022–2026), its role in accelerating progress toward the Sustainable Development Goals, and its status as the fastest-growing sector in Bahrain - marked by its contribution to GDP and its capacity to employ national talent, said a statement from Benefit. Emphasising Bahrain's leadership in digital transformation, Hasan drew attention to the kingdom's success in integrating innovation across the financial sector. The presentation outlined how financial institutions have achieved significant progress in delivering accessible and intuitive digital services - from efficient payment and transfer systems to advanced online and mobile banking platforms. These advancements have not only enhanced operational efficiency but also elevated the overall banking experience for customers, said the statement. A key segment of the presentation focused on Benefit's own trajectory as a homegrown fintech success story. At the event, Hasan illustrated how the company's strategy is deeply intertwined with national economic plans and forward-looking digital agendas. Through continuous investment in innovative solutions and a commitment to operational excellence, Benefit has positioned itself as a driver of digital transformation and financial inclusion in Bahrain. Its suite of advanced services and platforms serves as an internationally recognised model for digital banking and fintech excellence. Furthermore, Hasan also underscored the critical importance of the Gulf region's evolving financial infrastructure - particularly Bahrain's - in fostering a business environment conducive to foreign direct investment. The region's cutting-edge infrastructure, modern banking systems and regulatory flexibility offer investors an appealing and competitive landscape, particularly in fintech, she added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
25-05-2025
- Business
- Trade Arabia
Bahrain's fintech excellence 'vital in shaping national visions'
Benefit, Bahrain's innovator and a fintech services leader, emphasised the strategic significance of Bahrain's financial sector in driving the Kingdom's Economic Vision 2030 at the Public Relations and Diplomacy Conference held at the Jumeirah Hotel in Kuwait. During the event, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at Benefit and Vice President of the Bahrain Public Relations Society, delivered a presentation titled 'The Role of Public Relations Diplomacy in Advancing National Development Goals: Bahrain as a Benchmark.' The presentation highlighted the sector's alignment with the Financial Services Sector Development Strategy (2022–2026), its role in accelerating progress toward the Sustainable Development Goals, and its status as the fastest-growing sector in Bahrain - marked by its contribution to GDP and its capacity to employ national talent, said a statement from Benefit. Emphasising Bahrain's leadership in digital transformation, Hasan drew attention to the kingdom's success in integrating innovation across the financial sector. The presentation outlined how financial institutions have achieved significant progress in delivering accessible and intuitive digital services - from efficient payment and transfer systems to advanced online and mobile banking platforms. These advancements have not only enhanced operational efficiency but also elevated the overall banking experience for customers, said the statement. A key segment of the presentation focused on Benefit's own trajectory as a homegrown fintech success story. At the event, Hasan illustrated how the company's strategy is deeply intertwined with national economic plans and forward-looking digital agendas. Through continuous investment in innovative solutions and a commitment to operational excellence, Benefit has positioned itself as a driver of digital transformation and financial inclusion in Bahrain. Its suite of advanced services and platforms serves as an internationally recognised model for digital banking and fintech excellence. Furthermore, Hasan also underscored the critical importance of the Gulf region's evolving financial infrastructure - particularly Bahrain's - in fostering a business environment conducive to foreign direct investment.
Daily Tribune
23-05-2025
- Business
- Daily Tribune
Bahrain unveils strategy to boost transport resilience
TDT | Berlin His Excellency Dr. Shaikh Abdulla bin Ahmed Al Khalifa, Minister of Transportation and Telecommunications, highlighted Bahrain's integrated strategy to enhance the resilience and sustainability of its transport and logistics systems. Dr. Shaikh Abdulla bin Ahmed was speaking as participated in the International Transport Forum (ITF) Summit, held in Leipzig, Federal Republic of Germany, from May 21 to 23. Organised under the Organisation for Economic Co-operation and Development (OECD), the summit brings together transport ministers, international organisations, private sector representatives, experts, and academics. The Minister outlined the Kingdom's proactive approach, built on three pillars: digital transformation, public-private partnership, and human capital development. He noted that this strategy supports Bahrain Economic Vision 2030 and improves preparedness to address global challenges such as climate change, cyber threats, geopolitical instability, and energy market fluctuations.
Biz Bahrain
20-05-2025
- Business
- Biz Bahrain
Nasser Centre unveils new identity to drive innovation and youth development
The Nasser Centre for Science and Technology has launched its new institutional identity, marking a strategic shift towards innovation, advanced industry, and youth empowerment. Inspired by the vision of His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Work and Youth Affairs and Chairman of the Board of Trustees, the new identity reflects the Centre's role in preparing Bahrain's future leaders in technology, artificial intelligence, and industrial innovation. Aligned with Bahrain Economic Vision 2030, the updated identity positions the Centre as a driver of national development, focused on equipping young Bahrainis with 21st-century skills, supporting institutional growth, and enhancing economic competitiveness. The logo symbolises the student journey from education to professional contribution, highlighting the Centre's three main tracks: engineering, technological innovation, and sports and business management. With this rebranding, the Centre begins a new chapter as a strategic national institution committed to fostering talent, advancing technology, and supporting Bahrain's transition to a knowledge-based economy. BNA(R)
Daily Tribune
12-05-2025
- Business
- Daily Tribune
Seef Properties reports BD1.2m Q1 profit
Seef Properties yesterday reported a first quarter net profit and comprehensive income attributable to the parent of BD 1.2 million, compared to BD 1.4 m for the same period of the previous year, a decrease of 12.5%. The change is attributable to increased market competition and economic fluctuations. Diluted earnings per share attributable to the parent for the first quarter of 2025 amounted to 2.7 Fils, compared to 3.0 Fils for the same period the previous year. Operating profits stood at BD 2.9 m, compared to BD 3.3 m for the same period in the previous year, a decrease of 11.9%. Total equity (after excluding the equity attributable to minority) for the first quarter of 2025 decreased by 1.8%, reaching BD 159.0 m, compared to BD 161.8 m for the same period in the previous year. Total assets for the first quarter increased by 0.4%, reaching BD 177.8 m compared to BD 177.1 m for the same period in the previous year. Commenting on these results, Seef Properties Chairman, Mr. Essa Mohamed Najibi stated, 'This quarter's performance reflects our commitment to financial sustainability and quality growth, particularly in the hospitality and retail sectors. Despite lower revenues this period, some of our destinations have continued to perform well even in the face of growing market challenges and increased competition. The investments we have made and our strategic partnerships are beginning to yield tangible results, building on past achievements.' He added: 'Seef Properties remains committed to delivering high-quality projects that are in line with the objectives of the Bahrain Economic Vision 2030, many of which have been achieved thanks to the support of His Majesty King Hamad bin Isa Al Khalifa and the guidance of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. We aim to play an active role in the Kingdom's economic development by creating integrated, market-driven projects that address local needs and attract investor interest. We are also pursuing new, high-impact opportunities that support Bahrain's competitiveness and reinforce its position as a regional commercial hub.' Seef Properties Chief Executive Officer, Mr. Ahmed Yusuf said, 'The first quarter of this year brought encouraging operational developments that directly enhanced both the quality of our services and the visitor experience across our destinations. Al Liwan, in particular, saw occupancy rates rise to 90%, driven by its diverse retail mix, strategic location, and the added value of Fraser Suites, which helped attract a new segment of visitors and tourists. We remain focused on enhancing our commercial properties by bringing in unique brands, diversifying our retail offerings, and advancing our renovation and expansion plans.' He added, 'As part of our sustainability efforts, the solar energy project we recently launched in partnership with Yellow Door Energy is progressing on schedule. Work is currently underway at all our destinations, and the project is expected to significantly reduce carbon emissions.'
