RERA strengthens real estate valuation process & practice in the Kingdom & launches training course for financial services sector employees involved in real estate

The Real Estate Regulatory Authority (RERA) has announced a number of measures to further strengthen the real estate valuation process and practice in the Kingdom of Bahrain.

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Head of Fintech & Innovation Unit at CBB named in Women in FinTech Powerlist 2019

Innovate Finance UK announced “The Women in FinTech Powerlist 2019” which included Head of Fintech & Innovation Unit at the Central Bank of Bahrain (CBB) Ms. Yasmeen Al Sharaf. Ms. Al Sharaf was selected amongst the Policy Makers and Regulatory Experts category which caters for Regulators, Policy Advisors and Compliance Professionals.

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Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks

Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme linked to state-owned Iranian banks.

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Report Highlights Bahrain’s Progress Toward Becoming a Tech and Innovation Hub

Through careful planning and bold regulatory reforms, the Kingdom of Bahrain is poised to become a major hub for finance, technology, and innovation, according to a new report released by the Milken Institute.

However, Bahrain needs to continue its efforts to overcome challenges and achieve the objectives laid out in the Kingdom’s Vision 2030 strategic plan launched in 2008.

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Global trade growth to lose momentum in 2019: WTO

World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty, said the World Trade Organisation (WTO).

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Fintech ‘will help improve financial health of people in Gulf’

FinTech will radically improve the financial health of the people of the Gulf through access to next-generation banking services, says Simon Galpin, managing director of Bahrain Economic Development Board.

He was speaking at Finnovex ME 2019, a one-day conference on financial innovation and excellence, held in Dubai.

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Cyber Risks Threaten Physical Security, Industrial Controls

Cyber risk management should go beyond IT-specific concerns like malware, firewalls, and virus scans.

“What are we doing to protect ourselves from cyberattacks?”

It’s a question every CFO eventually asks their team.

Although the question suggests IT-specific concerns like malware, firewalls, and virus scans, CFOs need to pause and broaden their perspective, examine cyber-related business risk in the areas of physical security and in industrial controls as well.

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Payment Alternatives Fuels 25% Retail Spending Rise

A new study from Juniper Research has identified a range of strategies for payment providers to deploy if they are to maximise their opportunities across both the offline and online space.

The research found that retail spend is expected to increase by $6 trillion globally between 2018 and 2023 (taking total spend to $30 trillion), with growth driven by a combination of alternative payment mechanisms (most notably wallets) and online spend.

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Blockchain ‘can help build GCC green energy sector’

Blockchain has the potential to develop new renewable energy markets and play a game-changing role in helping the GCC energy sector transition to a more secure, resilient, cost-effective, and low-carbon grid, according to Booz Allen Hamilton, a global management and IT consulting firm.

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Bitcoin Regulation: Bahrain Unveils Preliminary Regulatory Sandbox for Cryptocurrency Companies

Bahrain is the next country in the Middle East that appears set to adopt cryptocurrency. Top government officials say the nation wants to become a hub for Bitcoin and other iterations emerging technology in the region. Thus, there are plans to institute a trial operational framework for cryptocurrency companies in Bahrain while regulators attempt to draft robust regulations for the emerging asset class.

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