This development comes amid a wave of initiatives by countries in the region to transition to a post-oil economy, as is the case of the UAE. The Kingdom of Bahrain has been engaged in an overhaul of its economy as it attempts to diversify its economy amid a continued slump in oil prices. In an interaction with DEALSTREETASIA, Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board (EDB), discussed the partnership and his views on the capital markets of the Middle East and the current state of Islamic fintech.
Read more at: https://www.dealstreetasia.com/stories/bahrain-edb-islamic-fintech-72569/
Bahrain’s Economic Development Board, which recently partnered with the Singapore Fintech Consortium to drive fintech development in the kingdom, is confident in developing itself as a regional centre for financial technology and a gateway for enterprises that are keen to tap the capital markets and economic opportunities of the Middle East.