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.
BNET and Huawei Bahrain have signed a MoU to enhance Bahrain’s fiber broadband experience. The partnership will deploy Huawei’s cutting-edge solutions, improving coverage for residences and businesses. This collaboration aims to position Bahrain as a global leader in fiber broadband, supporting the nation’s digital transformation and benefiting citizens and businesses alike.
Dr. Shai Misan is expanding SaluberMD to Bahrain, merging global expertise with local talent to advance AI-driven healthcare. The new branch will provide top-tier AI training for local professionals, offer high-quality telemedicine services, and create high-tech jobs, positioning Bahrain as a leader in innovative healthcare solutions.
Arthur D. Little’s report highlights Bahrain’s potential in video games and renewable energy. The gaming sector is the second fastest-growing in the Gulf, while renewable energy investments are surging. Bahrain’s strategic position in cloud services, financial transparency, real estate, and manufacturing further enhances its investment appeal.
Batelco has launched Basma, an AI-powered digital assistant designed to enhance customer experience. Available 24/7 in English and Arabic, Basma assists with bill inquiries, usage tracking, package installments, and more. This initiative marks a significant step in Batelco’s digital transformation and technological advancement in Bahrain’s telecom sector.
BNET conducted its first knowledge exchange visit with Singapore’s NetLink Trust, focusing on collaboration and best practices in broadband networks. The visit included workshops, partner meetings, and site tours, enhancing BNET’s capabilities and solidifying its role as an industry leader.
