Tag: Banking

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Bahrain Economy 2026: Non-Oil GDP at 85%, Fintech Hub Status and Why Global Firms Are Taking Notice

Bahrain James Mitchell James Mitchell -
Bahrain's economy in 2026 has achieved a milestone that few Gulf states can claim: non-oil sectors now account for 85 per cent of GDP, with financial services contributing 17 per cent and a fintech ecosystem that has evolved from a regulatory sandbox into a system-building powerhouse.

GCC Fintech Enters New Era as Saudi Arabia Issues First Open Banking Licences and Blockchain Payments Go Live

Banking James Mitchell James Mitchell -
Saudi Arabia's SAMA has issued its first live open banking licences, transitioning from sandbox to full commercial operations, while Riyad Bank and Bahrain have completed live blockchain payment pilots — marking a turning point for GCC financial services innovation.

Bahrain FinTech Bay Records 180 Active Fintech Companies — Targets Arab World’s Largest Hub by 2028

Bahrain Ahmed Al Farsi Ahmed Al Farsi -
Bahrain FinTech Bay — the Kingdom's flagship fintech incubator co-managed by the Bahrain Economic Development Board (EDB) and major Bahraini financial institutions — has...
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How the UAE Left the FATF Grey List — and What Did Not Change

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The UAE came off FATF monitoring on 23 February 2024 with three other countries — and was never blacklisted. What delisting did not change for businesses.

Al Wathba Wetland Reserve: Abu Dhabi’s Flamingo Sanctuary

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The flamingo figure everyone quotes is a seasonal peak. The real story is 1,000 nests — and the GCC’s first IUCN Green List site almost nobody mentions.

UAE Commercial Agency Law: What Federal Law 3 of 2022 Changed

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The 2022 agency law did not open agencies to foreign ownership, and the transition is not two years. What the Ministry’s own text actually says.

The UAE Data Protection Law: What the PDPL Actually Requires

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The PDPL is in force but its Executive Regulations are not issued — so the fines, the breach clock and your compliance deadline do not yet exist in law.

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