Bahrain achieved an 89% digital transformation rate in 2024, completing over 4 million eGovernment transactions. Key advancements include expanding eServices to over 700, reducing costs by 75%, and launching new systems like Sijilat 3.0. These efforts reflect Bahrain’s commitment to digital transformation and service quality improvement across all societal sectors.
The MENA Fintech Association has launched its Bahrain Chapter, led by Suzy Al Zeerah of Bahrain FinTech Bay. The chapter aims to foster fintech innovation, collaboration, and growth in Bahrain by promoting cutting-edge technologies, providing resources and mentorship, and facilitating global partnerships to position Bahrain as a leading fintech hub.
Bahrain’s Information & eGovernment Authority (iGA) achieved significant digital transformation milestones in H1 2024, including 4 million electronic transactions, BD374 million in digital payments, 35 new eServices, and partnerships with key entities. The iGA also launched major national systems and improved government service efficiency and effectiveness.
Bahrain Telecommunications Company (Beyon) announced stable Q2 2024 profits of BD19.8 million, consistent with Q2 2023. Revenues increased by 7% to BD112.5 million. H1 2024 saw a 2% profit rise to BD38.6 million and a 7% revenue increase to BD222.9 million, driven by mobile, datacoms, and digital services.
Bahrain TV has launched the Middle East’s first broadcast IP playout system with Grass Valley and First Gulf Company. The upgrade includes a UHD news studio and advanced IP-capable systems, enhancing efficiency, scalability, and viewer experience. This positions Bahrain TV as a technological leader in the region.
STC Bahrain has launched its exclusive blockchain network, Intersect, on Avalanche, promoting digital transformation and Web3 innovation. The initiative includes a 30-day “Makeathon + Hackathon” event from August 12 to September 11, engaging developers and artists to showcase Intersect’s potential in revolutionizing various industries and enhancing digital services.
Zain Bahrain reported a 2.6% increase in Q2 2024 net profit to BD 1.35 million and a 7.6% rise in H1 2024 EBITDA to BD 11.79 million. Revenue for H1 2024 grew by 3.5% to BD 38.44 million. The company highlighted significant achievements in 5G innovation, sustainability, partnerships, and awards for excellence.
stc pay Bahrain achieved PCI DSS v4.0 certification, highlighting its commitment to secure digital payment transactions. The rigorous audit by a Qualified Security Assessor ensured compliance with global standards. This milestone reinforces stc pay’s position as a leader in the digital payment landscape, providing customers with a secure and reliable financial platform.
stc pay Bahrain has achieved PCI DSS v4.0 certification, the latest global security standard for protecting payment card data. This certification highlights stc pay’s commitment to providing a secure digital payment experience. The rigorous audit ensures compliance and enhances customer trust, solidifying stc pay Bahrain’s leadership in the digital payment landscape.
Zain Bahrain reported H1 2024 revenue of BD38.44 million, a 3.5% increase. Net profit fell 11.9% to BD2.42 million. Q2 net profit rose 2.6% to BD1.35 million, with stable revenue at BD18.93 million. Zain expanded business solutions, led in 5G innovation, and won awards for workforce development and leadership.
